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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.5%
1 years$809,275$802,066$795,033$788,169$781,466$760,723
2 years$400,631$393,170$385,938$378,927$372,127$351,373
3 years$264,434$256,941$249,728$242,782$236,092$215,978
4 years$196,349$188,879$181,738$174,911$168,383$149,062
5 years$155,509$148,083$141,036$134,348$128,002$109,528
6 years$128,291$120,921$113,978$107,440$101,284$83,675
7 years$108,857$101,549$94,716$88,332$82,371$65,627
8 years$94,288$87,047$80,327$74,099$68,335$52,449
9 years$82,963$75,790$69,186$63,116$57,548$42,505
10 years$73,908$66,805$60,318$54,407$49,033$34,815
11 years$66,505$59,472$53,103$47,350$42,170$28,755
12 years$60,339$53,379$47,127$41,533$36,544$23,906
13 years$55,126$48,239$42,105$36,667$31,867$19,982
14 years$50,662$43,848$37,832$32,549$27,934$16,773
15 years$46,797$40,056$34,157$29,028$24,596$14,130
16 years$43,418$36,751$30,968$25,991$21,738$11,939
17 years$40,439$33,846$28,180$23,353$19,274$10,112
18 years$37,795$31,275$25,725$21,046$17,138$8,582
19 years$35,431$28,986$23,550$19,017$15,275$7,295
20 years$33,307$26,935$21,613$17,223$13,644$6,211
21 years$31,388$25,089$19,879$15,631$12,210$5,294
22 years$29,645$23,419$18,322$14,212$10,944$4,517
23 years$28,056$21,904$16,917$12,943$9,824$3,858
24 years$26,602$20,522$15,645$11,805$8,830$3,297
25 years$25,266$19,259$14,491$10,781$7,946$2,820
26 years$24,035$18,101$13,440$9,858$7,157$2,413
27 years$22,897$17,035$12,480$9,023$6,453$2,065
28 years$21,842$16,052$11,602$8,267$5,823$1,769
29 years$20,862$15,143$10,796$7,581$5,258$1,515
30 years$19,949$14,301$10,056$6,958$4,751$1,298
31 years$19,096$13,519$9,375$6,390$4,295$1,113
32 years$18,298$12,792$8,747$5,872$3,885$954
33 years$17,550$12,114$8,167$5,400$3,516$818
34 years$16,848$11,481$7,631$4,969$3,183$702
35 years$16,187$10,890$7,135$4,574$2,883$602
36 years$15,565$10,336$6,674$4,213$2,612$516
37 years$14,977$9,817$6,247$3,881$2,368$443
38 years$14,422$9,330$5,850$3,577$2,147$380
39 years$13,896$8,872$5,481$3,299$1,947$326
40 years$13,398$8,441$5,137$3,042$1,766$280
41 years$12,926$8,035$4,817$2,807$1,602$240
42 years$12,477$7,652$4,519$2,591$1,454$206
43 years$12,050$7,291$4,240$2,391$1,319$177
44 years$11,644$6,950$3,980$2,208$1,197$152
45 years$11,257$6,627$3,737$2,039$1,087$130
46 years$10,888$6,322$3,510$1,884$987$112
47 years$10,535$6,033$3,298$1,740$896$96
48 years$10,198$5,759$3,099$1,608$814$82
49 years$9,876$5,500$2,913$1,486$739$71
50 years$9,568$5,254$2,738$1,374$671$61

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 $6,682 every year, while hoping to spend $27,144 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: 61/15/24 Blend
44$9,800,000$9,800,000$9,800,000$9,800,000
45$10,806,492$10,287,092$10,135,192$11,396,413
46$11,879,874$10,762,279$10,445,840$12,272,561
47$13,061,830$11,259,840$10,765,985$13,224,866
48$14,363,408$11,780,843$11,095,917$14,263,702
49$15,796,778$12,326,407$11,435,933$15,397,499
50$17,375,354$12,897,705$11,786,341$16,635,536
51$19,113,914$13,495,967$12,147,458$17,988,019
52$21,028,746$14,122,482$12,519,610$19,466,180
53$23,137,794$14,778,600$12,903,133$21,082,379
54$25,460,835$15,465,737$13,298,374$22,850,218
55$28,019,660$16,185,379$13,705,690$24,784,668
56$30,838,283$16,939,079$14,125,448$26,902,207
57$33,943,165$17,728,471$14,558,027$29,220,975
58$37,363,465$18,555,263$15,003,818$31,760,938
59$41,131,315$19,421,249$15,463,223$34,544,079
60$45,282,125$20,328,306$15,936,657$37,594,598
61$49,854,914$21,278,404$16,424,546$40,939,140
62$54,892,677$22,273,608$16,927,331$44,607,045
63$60,442,799$23,316,084$17,445,465$48,630,615
64$66,557,491$24,408,099$17,979,415$53,045,423
65$73,294,293$25,552,033$18,529,663$57,890,640
66$80,716,608$26,750,380$19,096,704$63,209,405
67$88,894,307$28,005,754$19,681,049$69,049,223
68$97,904,387$29,320,896$20,283,225$75,462,416
69$107,831,696$30,698,681$20,903,773$82,506,606
70$118,769,733$32,142,120$21,543,254$90,245,259
71$130,821,535$33,654,373$22,202,242$98,748,279
72$144,100,645$35,238,751$22,881,331$108,092,659
73$158,732,187$36,898,726$23,581,132$118,363,207
74$174,854,044$38,637,938$24,302,274$129,653,343
75$192,618,163$40,460,203$25,045,406$142,065,967
76$212,191,985$42,369,523$25,811,197$155,714,434
77$233,760,031$44,370,093$26,600,336$170,723,612
78$257,525,638$46,466,312$27,413,531$187,231,058
79$283,712,882$48,662,790$28,251,513$205,388,307
80$312,568,694$50,964,365$29,115,037$225,362,298
81$344,365,187$53,376,105$30,004,877$247,336,943
82$379,402,229$55,903,327$30,921,833$271,514,852
83$418,010,271$58,551,604$31,866,729$298,119,244
84$460,553,466$61,326,781$32,840,412$327,396,040
85$507,433,112$64,234,985$33,843,758$359,616,180
86$559,091,431$67,282,641$34,877,666$395,078,172
87$616,015,754$70,476,487$35,943,064$434,110,897
88$678,743,113$73,823,588$37,040,909$477,076,710
89$747,865,316$77,331,349$38,172,185$524,374,845
90$824,034,531$81,007,538$39,337,906$576,445,177
91$907,969,446$84,860,299$40,539,118$633,772,362
92$1,000,462,048$88,898,173$41,776,898$696,890,402
93$1,102,385,107$93,130,114$43,052,354$766,387,675
94$1,214,700,410$97,565,511$44,366,630$842,912,474
95$1,338,467,843$102,214,212$45,720,903$927,179,117
96$1,474,855,395$107,086,541$47,116,385$1,019,974,677
97$1,625,150,188$112,193,324$48,554,327$1,122,166,395
98$1,790,770,626$117,545,916$50,036,016$1,234,709,858
99$1,973,279,785$123,156,221$51,562,777$1,358,657,998
100$2,174,400,171$129,036,723$53,135,978$1,495,171,023