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%12.8%
1 years$809,275$802,066$795,033$788,169$781,466$772,341
2 years$400,631$393,170$385,938$378,927$372,127$362,942
3 years$264,434$256,941$249,728$242,782$236,092$227,134
4 years$196,349$188,879$181,738$174,911$168,383$159,719
5 years$155,509$148,083$141,036$134,348$128,002$119,658
6 years$128,291$120,921$113,978$107,440$101,284$93,269
7 years$108,857$101,549$94,716$88,332$82,371$74,689
8 years$94,288$87,047$80,327$74,099$68,335$60,986
9 years$82,963$75,790$69,186$63,116$57,548$50,528
10 years$73,908$66,805$60,318$54,407$49,033$42,339
11 years$66,505$59,472$53,103$47,350$42,170$35,795
12 years$60,339$53,379$47,127$41,533$36,544$30,481
13 years$55,126$48,239$42,105$36,667$31,867$26,108
14 years$50,662$43,848$37,832$32,549$27,934$22,472
15 years$46,797$40,056$34,157$29,028$24,596$19,421
16 years$43,418$36,751$30,968$25,991$21,738$16,842
17 years$40,439$33,846$28,180$23,353$19,274$14,648
18 years$37,795$31,275$25,725$21,046$17,138$12,771
19 years$35,431$28,986$23,550$19,017$15,275$11,158
20 years$33,307$26,935$21,613$17,223$13,644$9,767
21 years$31,388$25,089$19,879$15,631$12,210$8,563
22 years$29,645$23,419$18,322$14,212$10,944$7,517
23 years$28,056$21,904$16,917$12,943$9,824$6,607
24 years$26,602$20,522$15,645$11,805$8,830$5,813
25 years$25,266$19,259$14,491$10,781$7,946$5,119
26 years$24,035$18,101$13,440$9,858$7,157$4,512
27 years$22,897$17,035$12,480$9,023$6,453$3,979
28 years$21,842$16,052$11,602$8,267$5,823$3,512
29 years$20,862$15,143$10,796$7,581$5,258$3,101
30 years$19,949$14,301$10,056$6,958$4,751$2,739
31 years$19,096$13,519$9,375$6,390$4,295$2,421
32 years$18,298$12,792$8,747$5,872$3,885$2,140
33 years$17,550$12,114$8,167$5,400$3,516$1,893
34 years$16,848$11,481$7,631$4,969$3,183$1,674
35 years$16,187$10,890$7,135$4,574$2,883$1,481
36 years$15,565$10,336$6,674$4,213$2,612$1,311
37 years$14,977$9,817$6,247$3,881$2,368$1,161
38 years$14,422$9,330$5,850$3,577$2,147$1,027
39 years$13,896$8,872$5,481$3,299$1,947$910
40 years$13,398$8,441$5,137$3,042$1,766$806
41 years$12,926$8,035$4,817$2,807$1,602$714
42 years$12,477$7,652$4,519$2,591$1,454$632
43 years$12,050$7,291$4,240$2,391$1,319$560
44 years$11,644$6,950$3,980$2,208$1,197$496
45 years$11,257$6,627$3,737$2,039$1,087$440
46 years$10,888$6,322$3,510$1,884$987$390
47 years$10,535$6,033$3,298$1,740$896$345
48 years$10,198$5,759$3,099$1,608$814$306
49 years$9,876$5,500$2,913$1,486$739$271
50 years$9,568$5,254$2,738$1,374$671$240

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 $5,733 every year, while hoping to spend $32,834 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: 44/26/30 Blend
44$9,800,000$9,800,000$9,800,000$9,800,000
45$10,805,514$10,286,114$10,134,214$11,186,525
46$11,872,741$10,755,198$10,438,775$11,929,133
47$13,047,725$11,246,167$10,752,438$12,730,092
48$14,341,422$11,760,059$11,075,474$13,597,773
49$15,765,906$12,297,960$11,408,161$14,538,413
50$17,334,479$12,861,011$11,750,785$15,558,861
51$19,061,800$13,450,405$12,103,641$16,666,644
52$20,964,024$14,067,395$12,467,033$17,870,028
53$23,058,948$14,713,291$12,841,273$19,178,100
54$25,366,188$15,389,470$13,226,682$20,600,844
55$27,907,356$16,097,370$13,623,593$22,149,236
56$30,706,268$16,838,503$14,032,345$23,835,341
57$33,789,169$17,614,451$14,453,290$25,672,425
58$37,184,977$18,426,873$14,886,789$27,675,076
59$40,925,562$19,277,506$15,333,213$29,859,334
60$45,046,039$20,168,174$15,792,945$32,242,843
61$49,585,106$21,100,786$16,266,380$34,845,010
62$54,585,406$22,077,343$16,753,922$37,687,183
63$60,093,928$23,099,944$17,255,990$40,792,848
64$66,162,456$24,170,788$17,773,013$44,187,846
65$72,848,050$25,292,180$18,305,432$47,900,613
66$80,213,591$26,466,537$18,853,704$51,962,436
67$88,328,371$27,696,391$19,418,297$56,407,751
68$97,268,748$28,984,397$19,999,692$61,274,457
69$107,118,866$30,333,338$20,598,388$66,604,265
70$117,971,450$31,746,132$21,214,894$72,443,091
71$129,928,681$33,225,835$21,849,736$78,841,477
72$143,103,161$34,775,655$22,503,456$85,855,064
73$157,618,972$36,398,952$23,176,611$93,545,107
74$173,612,854$38,099,247$23,869,775$101,979,047
75$191,235,490$39,880,235$24,583,537$111,231,136
76$210,652,929$41,745,785$25,318,504$121,383,134
77$232,048,157$43,699,958$26,075,303$132,525,068
78$255,622,820$45,747,007$26,854,577$144,756,071
79$281,599,129$47,891,392$27,656,987$158,185,312
80$310,221,960$50,137,790$28,483,216$172,933,012
81$341,761,161$52,491,102$29,333,964$189,131,570
82$376,514,102$54,956,469$30,209,954$206,926,801
83$414,808,481$57,539,277$31,111,929$226,479,300
84$457,005,421$60,245,176$32,040,653$247,965,945
85$503,502,872$63,080,088$32,996,914$271,581,553
86$554,739,375$66,050,222$33,981,520$297,540,710
87$611,198,197$69,162,088$34,995,306$326,079,775
88$673,411,893$72,422,511$36,039,129$357,459,103
89$741,967,338$75,838,646$37,113,872$391,965,482
90$817,511,262$79,417,995$38,220,442$429,914,826
91$900,756,359$83,168,425$39,359,776$471,655,143
92$992,488,013$87,098,184$40,532,833$517,569,797
93$1,093,571,713$91,215,917$41,740,606$568,081,112
94$1,204,961,223$95,530,692$42,984,111$623,654,338
95$1,327,707,586$100,052,014$44,264,397$684,802,022
96$1,462,969,048$104,789,851$45,582,543$752,088,830
97$1,612,021,991$109,754,654$46,939,658$826,136,846
98$1,776,272,982$114,957,381$48,336,885$907,631,430
99$1,957,272,054$120,409,520$49,775,398$997,327,661
100$2,156,727,338$126,123,120$51,256,408$1,096,057,439