Can I retire at age 45 with 16,700,000?

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,302,134
2 years$682,708$669,993$657,671$645,723$634,134$604,519
3 years$450,618$437,848$425,556$413,721$402,321$373,563
4 years$334,595$321,865$309,696$298,063$286,938$259,259
5 years$265,000$252,346$240,337$228,941$218,126$191,603
6 years$218,618$206,059$194,228$183,086$172,596$147,257
7 years$185,501$173,048$161,404$150,525$140,367$116,217
8 years$160,675$148,334$136,884$126,272$116,448$93,478
9 years$141,376$129,152$117,898$107,555$98,066$76,260
10 years$125,946$113,841$102,786$92,714$83,557$62,891
11 years$113,329$101,346$90,491$80,689$71,862$52,309
12 years$102,823$90,963$80,309$70,775$62,274$43,804
13 years$93,940$82,204$71,750$62,484$54,304$36,883
14 years$86,333$74,721$64,468$55,466$47,603$31,195
15 years$79,745$68,259$58,206$49,466$41,913$26,483
16 years$73,987$62,626$52,772$44,291$37,043$22,551
17 years$68,912$57,676$48,021$39,795$32,845$19,253
18 years$64,405$53,296$43,837$35,864$29,204$16,472
19 years$60,378$49,394$40,130$32,406$26,030$14,119
20 years$56,758$45,899$36,830$29,350$23,251$12,121
21 years$53,487$42,753$33,876$26,637$20,807$10,420
22 years$50,517$39,909$31,222$24,219$18,650$8,967
23 years$47,810$37,326$28,828$22,057$16,742$7,724
24 years$45,332$34,972$26,661$20,117$15,048$6,659
25 years$43,055$32,819$24,694$18,372$13,541$5,745
26 years$40,957$30,845$22,902$16,798$12,197$4,959
27 years$39,018$29,029$21,267$15,376$10,997$4,284
28 years$37,221$27,353$19,770$14,088$9,922$3,701
29 years$35,550$25,805$18,398$12,919$8,960$3,200
30 years$33,994$24,370$17,137$11,856$8,096$2,767
31 years$32,541$23,038$15,976$10,889$7,319$2,393
32 years$31,182$21,798$14,906$10,007$6,621$2,070
33 years$29,907$20,643$13,918$9,202$5,992$1,792
34 years$28,710$19,565$13,004$8,467$5,425$1,551
35 years$27,584$18,557$12,158$7,794$4,914$1,342
36 years$26,523$17,614$11,373$7,178$4,452$1,162
37 years$25,522$16,729$10,645$6,614$4,035$1,006
38 years$24,576$15,898$9,969$6,096$3,658$871
39 years$23,680$15,118$9,340$5,621$3,317$755
40 years$22,832$14,383$8,754$5,185$3,009$654
41 years$22,026$13,692$8,209$4,783$2,730$566
42 years$21,262$13,039$7,700$4,415$2,477$490
43 years$20,534$12,424$7,225$4,075$2,248$425
44 years$19,842$11,843$6,782$3,763$2,040$368
45 years$19,182$11,293$6,368$3,475$1,852$319
46 years$18,553$10,773$5,981$3,210$1,682$276
47 years$17,953$10,281$5,619$2,966$1,527$239
48 years$17,379$9,814$5,281$2,740$1,387$207
49 years$16,830$9,372$4,963$2,533$1,260$180
50 years$16,305$8,953$4,666$2,341$1,144$156

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $16,700,000, adding $2,624 every year, while hoping to spend $53,404 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: 55/28/17 Blend
44$16,700,000$16,700,000$16,700,000$16,700,000
45$18,406,107$17,521,007$17,262,157$19,334,882
46$20,226,708$18,322,715$17,783,617$20,769,939
47$22,231,221$19,161,916$18,320,757$22,325,873
48$24,438,348$20,040,393$18,874,045$24,018,988
49$26,868,697$20,960,010$19,443,964$25,862,408
50$29,544,978$21,922,724$20,031,010$27,870,560
51$32,492,213$22,930,585$20,635,696$30,059,301
52$35,737,976$23,985,741$21,258,549$32,446,068
53$39,312,651$25,090,443$21,900,112$35,050,034
54$43,249,719$26,247,052$22,560,943$37,892,283
55$47,586,074$27,458,041$23,241,618$40,996,004
56$52,362,371$28,726,003$23,942,730$44,386,703
57$57,623,409$30,053,653$24,664,888$48,092,440
58$63,418,556$31,443,841$25,408,721$52,144,083
59$69,802,211$32,899,552$26,174,875$56,575,593
60$76,834,320$34,423,913$26,964,017$61,424,340
61$84,580,941$36,020,205$27,776,832$66,731,446
62$93,114,867$37,691,866$28,614,026$72,542,165
63$102,516,314$39,442,498$29,476,326$78,906,301
64$112,873,676$41,275,878$30,364,481$85,878,672
65$124,284,360$43,195,966$31,279,261$93,519,615
66$136,855,709$45,206,912$32,221,459$101,895,547
67$150,706,006$47,313,065$33,191,893$111,079,583
68$165,965,601$49,518,988$34,191,404$121,152,216
69$182,778,133$51,829,459$35,220,857$132,202,060
70$201,301,891$54,249,491$36,281,144$144,326,684
71$221,711,304$56,784,336$37,373,183$157,633,515
72$244,198,591$59,439,503$38,497,918$172,240,839
73$268,975,573$62,220,764$39,656,324$188,278,908
74$296,275,671$65,134,171$40,849,401$205,891,154
75$326,356,114$68,186,070$42,078,180$225,235,527
76$359,500,363$71,383,112$43,343,724$246,485,973
77$396,020,786$74,732,271$44,647,125$269,834,060
78$436,261,611$78,240,858$45,989,509$295,490,770
79$480,602,172$81,916,536$47,372,034$323,688,471
80$529,460,489$85,767,342$48,795,892$354,683,097
81$583,297,216$89,801,699$50,262,312$388,756,540
82$642,619,990$94,028,440$51,772,558$426,219,294
83$707,988,221$98,456,825$53,327,930$467,413,368
84$780,018,372$103,096,562$54,929,768$512,715,487
85$859,389,782$107,957,830$56,579,452$562,540,630
86$946,851,077$113,051,300$58,278,400$617,345,925
87$1,043,227,234$118,388,162$60,028,074$677,634,934
88$1,149,427,377$123,980,147$61,829,979$743,962,385
89$1,266,453,349$129,839,554$63,685,664$816,939,384
90$1,395,409,179$135,979,280$65,596,721$897,239,149
91$1,537,511,497$142,412,846$67,564,793$985,603,340
92$1,694,101,025$149,154,431$69,591,569$1,082,849,032
93$1,866,655,230$156,218,899$71,678,788$1,189,876,388
94$2,056,802,275$163,621,837$73,828,239$1,307,677,131
95$2,266,336,388$171,379,587$76,041,765$1,437,343,868
96$2,497,234,799$179,509,286$78,321,264$1,580,080,364
97$2,751,676,409$188,028,902$80,668,686$1,737,212,873
98$3,032,062,358$196,957,274$83,086,043$1,910,202,613
99$3,341,038,696$206,314,157$85,575,402$2,100,659,521
100$3,681,521,358$216,120,266$88,138,893$2,310,357,405