Can I retire at age 45 with 9,800,000?

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$809,275$802,066$795,033$788,169$781,466$770,424
2 years$400,631$393,170$385,938$378,927$372,127$361,023
3 years$264,434$256,941$249,728$242,782$236,092$225,273
4 years$196,349$188,879$181,738$174,911$168,383$157,931
5 years$155,509$148,083$141,036$134,348$128,002$117,948
6 years$128,291$120,921$113,978$107,440$101,284$91,639
7 years$108,857$101,549$94,716$88,332$82,371$73,139
8 years$94,288$87,047$80,327$74,099$68,335$59,514
9 years$82,963$75,790$69,186$63,116$57,548$49,134
10 years$73,908$66,805$60,318$54,407$49,033$41,021
11 years$66,505$59,472$53,103$47,350$42,170$34,552
12 years$60,339$53,379$47,127$41,533$36,544$29,310
13 years$55,126$48,239$42,105$36,667$31,867$25,007
14 years$50,662$43,848$37,832$32,549$27,934$21,439
15 years$46,797$40,056$34,157$29,028$24,596$18,453
16 years$43,418$36,751$30,968$25,991$21,738$15,936
17 years$40,439$33,846$28,180$23,353$19,274$13,801
18 years$37,795$31,275$25,725$21,046$17,138$11,981
19 years$35,431$28,986$23,550$19,017$15,275$10,422
20 years$33,307$26,935$21,613$17,223$13,644$9,082
21 years$31,388$25,089$19,879$15,631$12,210$7,927
22 years$29,645$23,419$18,322$14,212$10,944$6,927
23 years$28,056$21,904$16,917$12,943$9,824$6,061
24 years$26,602$20,522$15,645$11,805$8,830$5,308
25 years$25,266$19,259$14,491$10,781$7,946$4,652
26 years$24,035$18,101$13,440$9,858$7,157$4,081
27 years$22,897$17,035$12,480$9,023$6,453$3,582
28 years$21,842$16,052$11,602$8,267$5,823$3,146
29 years$20,862$15,143$10,796$7,581$5,258$2,764
30 years$19,949$14,301$10,056$6,958$4,751$2,430
31 years$19,096$13,519$9,375$6,390$4,295$2,137
32 years$18,298$12,792$8,747$5,872$3,885$1,880
33 years$17,550$12,114$8,167$5,400$3,516$1,654
34 years$16,848$11,481$7,631$4,969$3,183$1,456
35 years$16,187$10,890$7,135$4,574$2,883$1,282
36 years$15,565$10,336$6,674$4,213$2,612$1,128
37 years$14,977$9,817$6,247$3,881$2,368$994
38 years$14,422$9,330$5,850$3,577$2,147$875
39 years$13,896$8,872$5,481$3,299$1,947$771
40 years$13,398$8,441$5,137$3,042$1,766$679
41 years$12,926$8,035$4,817$2,807$1,602$599
42 years$12,477$7,652$4,519$2,591$1,454$528
43 years$12,050$7,291$4,240$2,391$1,319$465
44 years$11,644$6,950$3,980$2,208$1,197$410
45 years$11,257$6,627$3,737$2,039$1,087$361
46 years$10,888$6,322$3,510$1,884$987$318
47 years$10,535$6,033$3,298$1,740$896$281
48 years$10,198$5,759$3,099$1,608$814$247
49 years$9,876$5,500$2,913$1,486$739$218
50 years$9,568$5,254$2,738$1,374$671$192

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $9,800,000, adding $4,090 every year, while hoping to spend $34,817 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: 53/20/27 Blend
44$9,800,000$9,800,000$9,800,000$9,800,000
45$10,803,819$10,284,419$10,132,519$11,294,871
46$11,868,763$10,751,310$10,434,913$12,102,206
47$13,041,165$11,239,913$10,746,271$12,976,436
48$14,331,949$11,751,253$11,066,855$13,927,155
49$15,753,150$12,286,407$11,396,938$14,961,696
50$17,318,033$12,846,503$11,736,797$16,088,119
51$19,041,214$13,432,723$12,086,721$17,315,289
52$20,938,796$14,046,304$12,447,005$18,652,955
53$23,028,526$14,688,546$12,817,952$20,111,839
54$25,329,959$15,360,808$13,199,876$21,703,734
55$27,864,642$16,064,515$13,593,100$23,441,615
56$30,656,320$16,801,161$13,997,953$25,339,756
57$33,731,158$17,572,311$14,414,778$27,413,862
58$37,117,989$18,379,607$14,843,926$29,681,216
59$40,848,583$19,224,767$15,285,756$32,160,835
60$44,957,951$20,109,593$15,740,642$34,873,650
61$49,484,674$21,035,974$16,208,965$37,842,697
62$54,471,263$22,005,890$16,691,118$41,093,331
63$59,964,569$23,021,416$17,187,507$44,653,463
64$66,016,214$24,084,725$17,698,548$48,553,817
65$72,683,088$25,198,096$18,224,670$52,828,217
66$80,027,880$26,363,920$18,766,313$57,513,902
67$88,119,671$27,584,698$19,323,931$62,651,871
68$97,034,586$28,863,057$19,897,992$68,287,268
69$106,856,513$30,201,747$20,488,974$74,469,799
70$117,677,896$31,603,651$21,097,373$81,254,200
71$129,600,604$33,071,792$21,723,697$88,700,744
72$142,736,894$34,609,338$22,368,470$96,875,808
73$157,210,472$36,219,611$23,032,228$105,852,490
74$173,157,658$37,906,090$23,715,527$115,711,295
75$190,728,678$39,672,427$24,418,935$126,540,887
76$210,089,072$41,522,445$25,143,038$138,438,920
77$231,421,268$43,460,155$25,888,441$151,512,950
78$254,926,296$45,489,762$26,655,762$165,881,448
79$280,825,689$47,615,671$27,445,641$181,674,904
80$309,363,572$49,842,502$28,258,733$199,037,055
81$340,808,970$52,175,098$29,095,714$218,126,233
82$375,458,343$54,618,536$29,957,279$239,116,846
83$413,638,389$57,178,139$30,844,142$262,201,023
84$455,709,123$59,859,486$31,757,039$287,590,410
85$502,067,280$62,668,427$32,696,726$315,518,162
86$553,150,057$65,611,094$33,663,981$346,241,134
87$609,439,243$68,693,918$34,659,605$380,042,290
88$671,465,764$71,923,638$35,684,420$417,233,368
89$739,814,697$75,307,322$36,739,273$458,157,807
90$815,130,794$78,852,378$37,825,036$503,193,979
91$898,124,564$82,566,574$38,942,605$552,758,744
92$989,578,988$86,458,055$40,092,900$607,311,375
93$1,090,356,903$90,535,358$41,276,871$667,357,878
94$1,201,409,153$94,807,436$42,495,491$733,455,752
95$1,323,783,561$99,283,675$43,749,765$806,219,240
96$1,458,634,825$103,973,916$45,040,723$886,325,106
97$1,607,235,417$108,888,477$46,369,426$974,519,011
98$1,770,987,593$114,038,176$47,736,966$1,071,622,533
99$1,951,436,638$119,434,357$49,144,464$1,178,540,903
100$2,150,285,447$125,088,912$50,593,076$1,296,271,532