Can I retire at age 45 with 16,000,000?

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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,255,243
2 years$654,092$641,910$630,104$618,657$607,554$586,836
3 years$431,730$419,495$407,719$396,379$385,457$365,287
4 years$320,570$308,373$296,715$285,569$274,911$255,444
5 years$253,892$241,768$230,263$219,344$208,983$190,274
6 years$209,455$197,422$186,087$175,411$165,361$147,433
7 years$177,726$165,795$154,639$144,215$134,483$117,340
8 years$153,940$142,117$131,146$120,979$111,567$95,207
9 years$135,450$123,738$112,956$103,047$93,955$78,369
10 years$120,667$109,069$98,478$88,828$80,054$65,230
11 years$108,579$97,098$86,698$77,307$68,850$54,771
12 years$98,513$87,150$76,942$67,808$59,664$46,312
13 years$90,002$78,758$68,743$59,865$52,028$39,385
14 years$82,714$71,589$61,766$53,141$45,607$33,651
15 years$76,403$65,398$55,766$47,392$40,156$28,865
16 years$70,886$60,001$50,560$42,435$35,490$24,841
17 years$66,023$55,259$46,008$38,127$31,468$21,437
18 years$61,706$51,062$41,999$34,360$27,980$18,543
19 years$57,847$47,323$38,448$31,048$24,939$16,072
20 years$54,379$43,975$35,286$28,120$22,276$13,953
21 years$51,245$40,961$32,456$25,520$19,935$12,132
22 years$48,400$38,236$29,913$23,204$17,869$10,562
23 years$45,806$35,761$27,620$21,132$16,040$9,205
24 years$43,431$33,506$25,544$19,274$14,417$8,030
25 years$41,250$31,444$23,659$17,602$12,973$7,011
26 years$39,241$29,552$21,942$16,094$11,686$6,125
27 years$37,383$27,812$20,375$14,731$10,536$5,355
28 years$35,661$26,207$18,941$13,497$9,506$4,684
29 years$34,060$24,723$17,627$12,377$8,584$4,099
30 years$32,569$23,348$16,418$11,359$7,756$3,588
31 years$31,177$22,072$15,306$10,433$7,012$3,142
32 years$29,875$20,885$14,281$9,588$6,343$2,753
33 years$28,654$19,778$13,334$8,817$5,741$2,412
34 years$27,507$18,745$12,459$8,112$5,197$2,114
35 years$26,428$17,779$11,648$7,468$4,708$1,854
36 years$25,412$16,875$10,897$6,878$4,265$1,625
37 years$24,452$16,028$10,199$6,337$3,866$1,425
38 years$23,546$15,232$9,551$5,841$3,505$1,250
39 years$22,688$14,484$8,948$5,385$3,178$1,097
40 years$21,875$13,780$8,387$4,967$2,883$962
41 years$21,103$13,118$7,864$4,583$2,615$844
42 years$20,370$12,493$7,377$4,230$2,373$741
43 years$19,674$11,903$6,922$3,904$2,154$650
44 years$19,010$11,346$6,498$3,605$1,955$570
45 years$18,378$10,820$6,101$3,329$1,775$501
46 years$17,776$10,322$5,731$3,075$1,611$439
47 years$17,200$9,850$5,384$2,841$1,463$386
48 years$16,650$9,403$5,059$2,625$1,329$338
49 years$16,125$8,979$4,755$2,426$1,207$297
50 years$15,622$8,577$4,471$2,243$1,096$261

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $16,000,000, adding $5,775 every year, while hoping to spend $25,985 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: 47/34/19 Blend
44$16,000,000$16,000,000$16,000,000$16,000,000
45$17,637,957$16,789,957$16,541,957$18,371,548
46$19,409,381$17,585,017$17,068,465$19,678,378
47$21,360,619$18,418,164$17,611,739$21,092,894
48$23,509,985$19,291,237$18,172,316$22,627,668
49$25,877,660$20,206,164$18,750,744$24,293,949
50$28,485,881$21,164,966$19,347,595$26,104,086
51$31,359,156$22,169,764$19,963,454$28,071,644
52$34,524,487$23,222,780$20,598,927$30,211,521
53$38,011,633$24,326,345$21,254,640$32,540,085
54$41,853,386$25,482,902$21,931,236$35,075,317
55$46,085,882$26,695,015$22,629,383$37,836,978
56$50,748,941$27,965,369$23,349,766$40,846,787
57$55,886,444$29,296,784$24,093,095$44,128,616
58$61,546,748$30,692,213$24,860,100$47,708,707
59$67,783,139$32,154,754$25,651,536$51,615,914
60$74,654,338$33,687,656$26,468,182$55,881,961
61$82,225,056$35,294,326$27,310,841$60,541,737
62$90,566,600$36,978,336$28,180,342$65,633,614
63$99,757,551$38,743,433$29,077,542$71,199,794
64$109,884,503$40,593,543$30,003,321$77,286,704
65$121,042,882$42,532,787$30,958,593$83,945,415
66$133,337,847$44,565,484$31,944,296$91,232,120
67$146,885,278$46,696,163$32,961,401$99,208,643
68$161,812,876$48,929,575$34,010,908$107,943,017
69$178,261,367$51,270,702$35,093,851$117,510,109
70$196,385,827$53,724,766$36,211,295$127,992,311
71$216,357,148$56,297,247$37,364,340$139,480,306
72$238,363,652$58,993,887$38,554,121$152,073,904
73$262,612,870$61,820,713$39,781,809$165,882,973
74$289,333,496$64,784,041$41,048,613$181,028,453
75$318,777,550$67,890,497$42,355,779$197,643,484
76$351,222,757$71,147,028$43,704,594$215,874,641
77$386,975,167$74,560,920$45,096,386$235,883,299
78$426,372,044$78,139,816$46,532,526$257,847,136
79$469,785,054$81,891,728$48,014,427$281,961,788
80$517,623,767$85,825,061$49,543,548$308,442,671
81$570,339,529$89,948,626$51,121,394$337,526,994
82$628,429,720$94,271,668$52,749,520$369,475,974
83$692,442,450$98,803,879$54,429,528$404,577,269
84$762,981,735$103,555,424$56,163,072$443,147,675
85$840,713,198$108,536,965$57,951,861$485,536,081
86$926,370,350$113,759,682$59,797,654$532,126,738
87$1,020,761,520$119,235,302$61,702,270$583,342,848
88$1,124,777,484$124,976,120$63,667,585$639,650,537
89$1,239,399,873$130,995,035$65,695,534$701,563,208
90$1,365,710,440$137,305,572$67,788,114$769,646,363
91$1,504,901,276$143,921,916$69,947,387$844,522,898
92$1,658,286,060$150,858,945$72,175,480$926,878,943
93$1,827,312,466$158,132,261$74,474,586$1,017,470,302
94$2,013,575,824$165,758,228$76,846,971$1,117,129,542
95$2,218,834,186$173,754,008$79,294,972$1,226,773,808
96$2,445,024,919$182,137,601$81,821,000$1,347,413,434
97$2,694,283,001$190,927,884$84,427,543$1,480,161,433
98$2,968,961,172$200,144,655$87,117,171$1,626,243,948
99$3,271,652,148$209,808,679$89,892,532$1,787,011,776
100$3,605,213,096$219,941,734$92,756,361$1,963,953,065