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%18.9%
1 years$809,275$802,066$795,033$788,169$781,466$753,439
2 years$400,631$393,170$385,938$378,927$372,127$344,193
3 years$264,434$256,941$249,728$242,782$236,092$209,131
4 years$196,349$188,879$181,738$174,911$168,383$142,599
5 years$155,509$148,083$141,036$134,348$128,002$103,462
6 years$128,291$120,921$113,978$107,440$101,284$78,007
7 years$108,857$101,549$94,716$88,332$82,371$60,352
8 years$94,288$87,047$80,327$74,099$68,335$47,555
9 years$82,963$75,790$69,186$63,116$57,548$37,980
10 years$73,908$66,805$60,318$54,407$49,033$30,643
11 years$66,505$59,472$53,103$47,350$42,170$24,920
12 years$60,339$53,379$47,127$41,533$36,544$20,392
13 years$55,126$48,239$42,105$36,667$31,867$16,768
14 years$50,662$43,848$37,832$32,549$27,934$13,844
15 years$46,797$40,056$34,157$29,028$24,596$11,466
16 years$43,418$36,751$30,968$25,991$21,738$9,522
17 years$40,439$33,846$28,180$23,353$19,274$7,924
18 years$37,795$31,275$25,725$21,046$17,138$6,606
19 years$35,431$28,986$23,550$19,017$15,275$5,515
20 years$33,307$26,935$21,613$17,223$13,644$4,610
21 years$31,388$25,089$19,879$15,631$12,210$3,857
22 years$29,645$23,419$18,322$14,212$10,944$3,230
23 years$28,056$21,904$16,917$12,943$9,824$2,707
24 years$26,602$20,522$15,645$11,805$8,830$2,270
25 years$25,266$19,259$14,491$10,781$7,946$1,904
26 years$24,035$18,101$13,440$9,858$7,157$1,598
27 years$22,897$17,035$12,480$9,023$6,453$1,342
28 years$21,842$16,052$11,602$8,267$5,823$1,127
29 years$20,862$15,143$10,796$7,581$5,258$946
30 years$19,949$14,301$10,056$6,958$4,751$795
31 years$19,096$13,519$9,375$6,390$4,295$668
32 years$18,298$12,792$8,747$5,872$3,885$562
33 years$17,550$12,114$8,167$5,400$3,516$472
34 years$16,848$11,481$7,631$4,969$3,183$397
35 years$16,187$10,890$7,135$4,574$2,883$334
36 years$15,565$10,336$6,674$4,213$2,612$280
37 years$14,977$9,817$6,247$3,881$2,368$236
38 years$14,422$9,330$5,850$3,577$2,147$198
39 years$13,896$8,872$5,481$3,299$1,947$167
40 years$13,398$8,441$5,137$3,042$1,766$140
41 years$12,926$8,035$4,817$2,807$1,602$118
42 years$12,477$7,652$4,519$2,591$1,454$99
43 years$12,050$7,291$4,240$2,391$1,319$83
44 years$11,644$6,950$3,980$2,208$1,197$70
45 years$11,257$6,627$3,737$2,039$1,087$59
46 years$10,888$6,322$3,510$1,884$987$50
47 years$10,535$6,033$3,298$1,740$896$42
48 years$10,198$5,759$3,099$1,608$814$35
49 years$9,876$5,500$2,913$1,486$739$29
50 years$9,568$5,254$2,738$1,374$671$25

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 $3,572 every year, while hoping to spend $31,257 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: 49/32/19 Blend
44$9,800,000$9,800,000$9,800,000$9,800,000
45$10,803,285$10,283,885$10,131,985$11,274,954
46$11,871,962$10,754,538$10,438,149$12,072,788
47$13,048,598$11,247,205$10,753,522$12,935,530
48$14,344,169$11,762,933$11,078,380$13,872,100
49$15,770,774$12,302,816$11,413,005$14,889,456
50$17,341,744$12,868,005$11,757,691$15,995,237
51$19,071,766$13,459,701$12,112,738$17,197,839
52$20,977,027$14,079,167$12,478,456$18,506,487
53$23,075,363$14,727,726$12,855,163$19,931,317
54$25,386,427$15,406,762$13,243,188$21,483,473
55$27,931,877$16,117,728$13,642,870$23,175,203
56$30,735,579$16,862,146$14,054,556$25,019,972
57$33,823,829$17,641,613$14,478,605$27,032,588
58$37,225,608$18,457,800$14,915,386$29,229,333
59$40,972,847$19,312,460$15,365,279$31,628,113
60$45,100,738$20,207,431$15,828,676$34,248,623
61$49,648,056$21,144,638$16,305,980$37,112,527
62$54,657,533$22,126,100$16,797,605$40,243,660
63$60,176,255$23,153,933$17,303,979$43,668,240
64$66,256,112$24,230,354$17,825,541$47,415,119
65$72,954,284$25,357,690$18,362,745$51,516,042
66$80,333,781$26,538,377$18,916,057$56,005,943
67$88,464,038$27,774,969$19,485,957$60,923,267
68$97,421,573$29,070,145$20,072,939$66,310,329
69$107,290,703$30,426,712$20,677,513$72,213,701
70$118,164,347$31,847,613$21,300,201$78,684,647
71$130,144,897$33,335,933$21,941,545$85,779,600
72$143,345,189$34,894,906$22,602,099$93,560,683
73$157,889,564$36,527,922$23,282,435$102,096,289
74$173,915,045$38,238,536$23,983,142$111,461,715
75$191,572,628$40,030,473$24,704,826$121,739,868
76$211,028,710$41,907,640$25,448,111$133,022,031
77$232,466,656$43,874,131$26,213,640$145,408,720
78$256,088,532$45,934,241$27,002,075$159,010,616
79$282,117,014$48,092,471$27,814,096$173,949,606
80$310,797,485$50,353,538$28,650,404$190,359,914
81$342,400,357$52,722,390$29,511,721$208,389,358
82$377,223,621$55,204,214$30,398,791$228,200,736
83$415,595,658$57,804,448$31,312,378$249,973,342
84$457,878,342$60,528,793$32,253,270$273,904,650
85$504,470,456$63,383,227$33,222,277$300,212,160
86$555,811,454$66,374,016$34,220,235$329,135,437
87$612,385,611$69,507,732$35,248,002$360,938,355
88$674,726,596$72,791,264$36,306,463$395,911,570
89$743,422,508$76,231,835$37,396,528$434,375,247
90$819,121,428$79,837,019$38,519,136$476,682,065
91$902,537,536$83,614,756$39,675,250$523,220,522
92$994,457,858$87,573,372$40,865,864$574,418,585
93$1,095,749,691$91,721,598$42,092,001$630,747,710
94$1,207,368,789$96,068,586$43,354,713$692,727,264
95$1,330,368,393$100,623,935$44,655,084$760,929,412
96$1,465,909,169$105,397,707$45,994,229$835,984,486
97$1,615,270,165$110,400,455$47,373,296$918,586,915
98$1,779,860,887$115,643,243$48,793,467$1,009,501,751
99$1,961,234,608$121,137,672$50,255,958$1,109,571,863
100$2,161,103,027$126,895,907$51,762,022$1,219,725,865