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%15.2%
1 years$784,501$777,513$770,696$764,041$757,543$741,339
2 years$388,367$381,134$374,124$367,327$360,735$344,488
3 years$256,339$249,075$242,083$235,350$228,865$213,083
4 years$190,339$183,097$176,174$169,557$163,228$148,033
5 years$150,748$143,550$136,719$130,236$124,084$109,518
6 years$124,364$117,219$110,489$104,151$98,183$84,262
7 years$105,525$98,441$91,817$85,628$79,849$66,575
8 years$91,402$84,382$77,868$71,831$66,243$53,612
9 years$80,423$73,470$67,068$61,184$55,786$43,789
10 years$71,646$64,760$58,471$52,741$47,532$36,157
11 years$64,469$57,652$51,477$45,901$40,879$30,112
12 years$58,492$51,745$45,685$40,261$35,425$25,248
13 years$53,439$46,763$40,816$35,545$30,891$21,288
14 years$49,111$42,506$36,673$31,552$27,079$18,030
15 years$45,364$38,830$33,111$28,139$23,843$15,327
16 years$42,089$35,626$30,020$25,196$21,072$13,070
17 years$39,201$32,810$27,317$22,638$18,684$11,175
18 years$36,638$30,318$24,937$20,401$16,613$9,575
19 years$34,347$28,098$22,829$18,434$14,808$8,219
20 years$32,287$26,110$20,951$16,696$13,226$7,067
21 years$30,427$24,321$19,271$15,153$11,836$6,084
22 years$28,737$22,702$17,761$13,777$10,609$5,244
23 years$27,197$21,233$16,399$12,547$9,524$4,524
24 years$25,787$19,894$15,167$11,444$8,560$3,907
25 years$24,492$18,670$14,047$10,451$7,703$3,376
26 years$23,299$17,546$13,028$9,556$6,938$2,919
27 years$22,196$16,513$12,098$8,747$6,256$2,525
28 years$21,173$15,560$11,246$8,014$5,644$2,185
29 years$20,223$14,679$10,466$7,349$5,097$1,892
30 years$19,338$13,863$9,748$6,745$4,605$1,639
31 years$18,511$13,105$9,088$6,194$4,164$1,420
32 years$17,738$12,400$8,479$5,693$3,766$1,231
33 years$17,013$11,743$7,917$5,235$3,408$1,067
34 years$16,332$11,130$7,397$4,817$3,086$925
35 years$15,692$10,557$6,916$4,434$2,795$802
36 years$15,088$10,020$6,470$4,084$2,533$695
37 years$14,519$9,516$6,056$3,762$2,295$603
38 years$13,980$9,044$5,671$3,468$2,081$523
39 years$13,471$8,600$5,313$3,198$1,887$454
40 years$12,988$8,182$4,980$2,949$1,712$394
41 years$12,530$7,789$4,670$2,721$1,553$342
42 years$12,095$7,418$4,380$2,511$1,409$296
43 years$11,681$7,068$4,110$2,318$1,279$257
44 years$11,287$6,737$3,858$2,140$1,161$223
45 years$10,912$6,424$3,623$1,977$1,054$194
46 years$10,554$6,128$3,403$1,826$957$168
47 years$10,213$5,848$3,197$1,687$869$146
48 years$9,886$5,583$3,004$1,559$789$127
49 years$9,574$5,332$2,823$1,441$717$110
50 years$9,275$5,093$2,654$1,332$651$95

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 $2,469 every year, while hoping to spend $20,732 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: 50/40/10 Blend
44$9,500,000$9,500,000$9,500,000$9,500,000
45$10,471,547$9,968,047$9,820,797$10,967,206
46$11,517,586$10,434,422$10,127,735$11,772,806
47$12,669,626$10,922,956$10,444,260$12,645,333
48$13,938,458$11,434,710$10,770,673$13,592,979
49$15,335,971$11,970,801$11,107,281$14,622,796
50$16,875,268$12,532,398$11,454,402$15,742,526
51$18,570,786$13,120,727$11,812,366$16,960,673
52$20,438,436$13,737,072$12,181,510$18,286,578
53$22,495,749$14,382,782$12,562,184$19,730,502
54$24,762,045$15,059,268$12,954,746$21,303,719
55$27,258,613$15,768,011$13,359,569$23,018,621
56$30,008,912$16,510,564$13,777,035$24,888,824
57$33,038,794$17,288,554$14,207,539$26,929,296
58$36,376,746$18,103,689$14,651,487$29,156,493
59$40,054,162$18,957,757$15,109,299$31,588,505
60$44,105,634$19,852,635$15,581,408$34,245,226
61$48,569,283$20,790,289$16,068,260$37,148,532
62$53,487,118$21,772,781$16,570,315$40,322,483
63$58,905,432$22,802,275$17,088,048$43,793,541
64$64,875,236$23,881,036$17,621,947$47,590,817
65$71,452,745$25,011,442$18,172,518$51,746,334
66$78,699,908$26,195,986$18,740,281$56,295,326
67$86,684,990$27,437,280$19,325,771$61,276,559
68$95,483,217$28,738,065$19,929,542$66,732,690
69$105,177,488$30,101,214$20,552,166$72,710,661
70$115,859,158$31,529,739$21,194,229$79,262,132
71$127,628,894$33,026,799$21,856,338$86,443,960
72$140,597,636$34,595,706$22,539,119$94,318,727
73$154,887,632$36,239,933$23,243,217$102,955,316
74$170,633,603$37,963,122$23,969,298$112,429,556
75$187,984,007$39,769,092$24,718,046$122,824,919
76$207,102,444$41,661,845$25,490,169$134,233,302
77$228,169,200$43,645,583$26,286,396$146,755,881
78$251,382,948$45,724,705$27,107,479$160,504,050
79$276,962,624$47,903,831$27,954,195$175,600,458
80$305,149,492$50,187,799$28,827,341$192,180,159
81$336,209,427$52,581,688$29,727,744$210,391,863
82$370,435,418$55,090,820$30,656,252$230,399,329
83$408,150,337$57,720,777$31,613,744$252,382,893
84$449,709,990$60,477,413$32,601,122$276,541,154
85$495,506,468$63,366,866$33,619,320$303,092,826
86$545,971,859$66,395,574$34,669,298$332,278,789
87$601,582,317$69,570,285$35,752,048$364,364,340
88$662,862,564$72,898,079$36,868,591$399,641,677
89$730,390,839$76,386,379$38,019,983$438,432,632
90$804,804,362$80,042,969$39,207,310$481,091,694
91$886,805,344$83,876,012$40,431,692$528,009,321
92$977,167,621$87,894,069$41,694,286$579,615,609
93$1,076,743,957$92,106,116$42,996,283$636,384,320
94$1,186,474,094$96,521,569$44,338,911$698,837,331
95$1,307,393,625$101,150,300$45,723,439$767,549,527
96$1,440,643,773$106,002,663$47,151,172$843,154,201
97$1,587,482,160$111,089,515$48,623,458$926,348,998
98$1,749,294,683$116,422,244$50,141,687$1,017,902,471
99$1,927,608,598$122,012,791$51,707,291$1,118,661,294
100$2,124,106,937$127,873,680$53,321,746$1,229,558,227