Can I retire at age 45 with 9,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$784,501$777,513$770,696$764,041$757,543$741,945
2 years$388,367$381,134$374,124$367,327$360,735$345,091
3 years$256,339$249,075$242,083$235,350$228,865$213,663
4 years$190,339$183,097$176,174$169,557$163,228$148,586
5 years$150,748$143,550$136,719$130,236$124,084$110,042
6 years$124,364$117,219$110,489$104,151$98,183$84,757
7 years$105,525$98,441$91,817$85,628$79,849$67,042
8 years$91,402$84,382$77,868$71,831$66,243$54,051
9 years$80,423$73,470$67,068$61,184$55,786$44,201
10 years$71,646$64,760$58,471$52,741$47,532$36,542
11 years$64,469$57,652$51,477$45,901$40,879$30,471
12 years$58,492$51,745$45,685$40,261$35,425$25,583
13 years$53,439$46,763$40,816$35,545$30,891$21,598
14 years$49,111$42,506$36,673$31,552$27,079$18,317
15 years$45,364$38,830$33,111$28,139$23,843$15,593
16 years$42,089$35,626$30,020$25,196$21,072$13,316
17 years$39,201$32,810$27,317$22,638$18,684$11,401
18 years$36,638$30,318$24,937$20,401$16,613$9,783
19 years$34,347$28,098$22,829$18,434$14,808$8,411
20 years$32,287$26,110$20,951$16,696$13,226$7,242
21 years$30,427$24,321$19,271$15,153$11,836$6,245
22 years$28,737$22,702$17,761$13,777$10,609$5,391
23 years$27,197$21,233$16,399$12,547$9,524$4,658
24 years$25,787$19,894$15,167$11,444$8,560$4,029
25 years$24,492$18,670$14,047$10,451$7,703$3,487
26 years$23,299$17,546$13,028$9,556$6,938$3,020
27 years$22,196$16,513$12,098$8,747$6,256$2,616
28 years$21,173$15,560$11,246$8,014$5,644$2,268
29 years$20,223$14,679$10,466$7,349$5,097$1,967
30 years$19,338$13,863$9,748$6,745$4,605$1,707
31 years$18,511$13,105$9,088$6,194$4,164$1,481
32 years$17,738$12,400$8,479$5,693$3,766$1,286
33 years$17,013$11,743$7,917$5,235$3,408$1,116
34 years$16,332$11,130$7,397$4,817$3,086$969
35 years$15,692$10,557$6,916$4,434$2,795$842
36 years$15,088$10,020$6,470$4,084$2,533$731
37 years$14,519$9,516$6,056$3,762$2,295$636
38 years$13,980$9,044$5,671$3,468$2,081$552
39 years$13,471$8,600$5,313$3,198$1,887$480
40 years$12,988$8,182$4,980$2,949$1,712$417
41 years$12,530$7,789$4,670$2,721$1,553$362
42 years$12,095$7,418$4,380$2,511$1,409$315
43 years$11,681$7,068$4,110$2,318$1,279$274
44 years$11,287$6,737$3,858$2,140$1,161$238
45 years$10,912$6,424$3,623$1,977$1,054$207
46 years$10,554$6,128$3,403$1,826$957$180
47 years$10,213$5,848$3,197$1,687$869$156
48 years$9,886$5,583$3,004$1,559$789$136
49 years$9,574$5,332$2,823$1,441$717$118
50 years$9,275$5,093$2,654$1,332$651$103

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $9,500,000, adding $6,947 every year, while hoping to spend $43,830 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 61/27/12 Blend
44$9,500,000$9,500,000$9,500,000$9,500,000
45$10,476,166$9,972,666$9,825,416$11,084,825
46$11,498,100$10,414,692$10,107,932$11,936,298
47$12,622,802$10,876,908$10,398,444$12,859,405
48$13,860,709$11,360,257$10,697,173$13,865,618
49$15,223,319$11,865,728$11,004,347$14,962,976
50$16,723,304$12,394,354$11,320,198$16,160,319
51$18,374,623$12,947,220$11,644,967$17,467,367
52$20,192,662$13,525,461$11,978,901$18,894,815
53$22,194,372$14,130,267$12,322,252$20,454,426
54$24,398,430$14,762,883$12,675,280$22,159,142
55$26,825,420$15,424,614$13,038,252$24,023,201
56$29,498,021$16,116,828$13,411,441$26,062,270
57$32,441,224$16,840,957$13,795,130$28,293,589
58$35,682,568$17,598,503$14,189,605$30,736,132
59$39,252,397$18,391,037$14,595,164$33,410,778
60$43,184,150$19,220,206$15,012,111$36,340,512
61$47,514,675$20,087,738$15,440,758$39,550,629
62$52,284,574$20,995,439$15,881,425$43,068,976
63$57,538,589$21,945,204$16,334,442$46,926,207
64$63,326,026$22,939,020$16,800,146$51,156,070
65$69,701,213$23,978,965$17,278,884$55,795,720
66$76,724,022$25,067,219$17,771,012$60,886,062
67$84,460,425$26,206,066$18,276,894$66,472,140
68$92,983,125$27,397,899$18,796,906$72,603,548
69$102,372,233$28,645,226$19,331,432$79,334,897
70$112,716,032$29,950,673$19,880,866$86,726,327
71$124,111,807$31,316,996$20,445,615$94,844,064
72$136,666,761$32,747,078$21,026,092$103,761,042
73$150,499,030$34,243,944$21,622,726$113,557,583
74$165,738,797$35,810,763$22,235,953$124,322,151
75$182,529,519$37,450,856$22,866,222$136,152,178
76$201,029,284$39,167,701$23,513,994$149,154,976
77$221,412,300$40,964,948$24,179,742$163,448,743
78$243,870,541$42,846,417$24,863,951$179,163,672
79$268,615,560$44,816,116$25,567,117$196,443,168
80$295,880,484$46,878,242$26,289,751$215,445,196
81$325,922,212$49,037,195$27,032,377$236,343,763
82$359,023,847$51,297,587$27,795,532$259,330,547
83$395,497,363$53,664,252$28,579,765$284,616,701
84$435,686,549$56,142,255$29,385,643$312,434,834
85$479,970,259$58,736,908$30,213,743$343,041,193
86$528,765,983$61,453,774$31,064,661$376,718,075
87$582,533,792$64,298,687$31,939,006$413,776,476
88$641,780,678$67,277,762$32,837,402$454,559,016
89$707,065,342$70,397,408$33,760,490$499,443,162
90$779,003,468$73,664,341$34,708,927$548,844,770
91$858,273,533$77,085,605$35,683,387$603,222,007
92$945,623,213$80,668,579$36,684,560$663,079,652
93$1,041,876,442$84,421,001$37,713,155$728,973,848
94$1,147,941,190$88,350,982$38,769,897$801,517,340
95$1,264,818,033$92,467,021$39,855,530$881,385,235
96$1,393,609,600$96,778,033$40,970,817$969,321,361
97$1,535,530,980$101,293,357$42,116,541$1,066,145,270
98$1,691,921,197$106,022,789$43,293,502$1,172,759,953
99$1,864,255,847$110,976,593$44,502,522$1,290,160,346
100$2,054,161,030$116,165,533$45,744,443$1,419,442,699