Can I retire at age 45 with 16,800,000?

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,332,890
2 years$686,796$674,005$661,609$649,590$637,931$631,103
3 years$453,316$440,470$428,105$416,198$404,730$398,050
4 years$336,599$323,792$311,551$299,847$288,657$282,178
5 years$266,587$253,857$241,776$230,312$219,432$213,173
6 years$219,927$207,293$195,391$184,182$173,629$167,598
7 years$186,612$174,085$162,371$151,426$141,207$135,406
8 years$161,637$149,223$137,703$127,028$117,145$111,575
9 years$142,223$129,925$118,604$108,199$98,653$93,313
10 years$126,700$114,523$103,402$93,269$84,057$78,944
11 years$114,008$101,953$91,033$81,172$72,292$67,403
12 years$103,439$91,507$80,790$71,199$62,647$57,978
13 years$94,503$82,696$72,180$62,858$54,629$50,175
14 years$86,849$75,168$64,854$55,798$47,888$43,644
15 years$80,223$68,668$58,555$49,762$42,164$38,126
16 years$74,430$63,001$53,088$44,557$37,265$33,426
17 years$69,325$58,022$48,308$40,034$33,041$29,396
18 years$64,791$53,615$44,099$36,078$29,379$25,922
19 years$60,740$49,690$40,371$32,600$26,186$22,910
20 years$57,098$46,174$37,050$29,526$23,390$20,289
21 years$53,807$43,009$34,079$26,796$20,931$17,999
22 years$50,820$40,148$31,409$24,364$18,762$15,992
23 years$48,096$37,549$29,001$22,189$16,842$14,228
24 years$45,603$35,181$26,821$20,237$15,138$12,673
25 years$43,313$33,016$24,841$18,482$13,622$11,300
26 years$41,203$31,029$23,039$16,899$12,270$10,085
27 years$39,252$29,202$21,394$15,468$11,062$9,008
28 years$37,444$27,517$19,888$14,172$9,982$8,052
29 years$35,763$25,959$18,508$12,996$9,013$7,202
30 years$34,198$24,516$17,239$11,927$8,144$6,445
31 years$32,736$23,176$16,072$10,954$7,363$5,771
32 years$31,368$21,929$14,995$10,067$6,660$5,169
33 years$30,086$20,767$14,001$9,258$6,028$4,633
34 years$28,882$19,682$13,082$8,518$5,457$4,153
35 years$27,750$18,668$12,231$7,841$4,943$3,724
36 years$26,682$17,719$11,441$7,221$4,479$3,341
37 years$25,675$16,829$10,709$6,654$4,059$2,998
38 years$24,723$15,994$10,028$6,133$3,680$2,690
39 years$23,822$15,208$9,396$5,655$3,337$2,415
40 years$22,968$14,469$8,807$5,216$3,027$2,168
41 years$22,158$13,774$8,258$4,812$2,746$1,947
42 years$21,389$13,117$7,746$4,441$2,492$1,749
43 years$20,657$12,498$7,269$4,100$2,261$1,571
44 years$19,961$11,913$6,823$3,785$2,053$1,411
45 years$19,297$11,361$6,406$3,496$1,863$1,268
46 years$18,664$10,838$6,017$3,229$1,692$1,139
47 years$18,060$10,342$5,653$2,983$1,536$1,023
48 years$17,483$9,873$5,312$2,757$1,395$920
49 years$16,931$9,428$4,993$2,548$1,267$827
50 years$16,403$9,006$4,694$2,355$1,151$743

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $16,800,000, adding $3,041 every year, while hoping to spend $47,056 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: 32/41/27 Blend
44$16,800,000$16,800,000$16,800,000$16,800,000
45$18,516,737$17,626,337$17,365,937$18,956,337
46$20,355,377$18,439,960$17,897,628$20,106,299
47$22,379,981$19,291,874$18,445,555$21,339,649
48$24,609,468$20,183,904$19,010,210$22,667,173
49$27,064,684$21,117,967$19,592,102$24,097,189
50$29,768,602$22,096,067$20,191,758$25,638,808
51$32,746,534$23,120,309$20,809,716$27,302,010
52$36,026,373$24,192,897$21,446,535$29,097,737
53$39,638,856$25,316,142$22,102,787$31,037,981
54$43,617,853$26,492,466$22,779,064$33,135,892
55$48,000,687$27,724,410$23,475,975$35,405,896
56$52,828,484$29,014,633$24,194,147$37,863,814
57$58,146,567$30,365,927$24,934,228$40,527,009
58$64,004,875$31,781,216$25,696,883$43,414,537
59$70,458,443$33,263,566$26,482,799$46,547,314
60$77,567,914$34,816,191$27,292,683$49,948,306
61$85,400,117$36,442,460$28,127,264$53,642,732
62$94,028,693$38,145,904$28,987,291$57,658,289
63$103,534,793$39,930,228$29,873,539$62,025,403
64$114,007,844$41,799,310$30,786,804$66,777,500
65$125,546,389$43,757,222$31,727,908$71,951,312
66$138,259,024$45,808,228$32,697,695$77,587,203
67$152,265,414$47,956,802$33,697,038$83,729,539
68$167,697,431$50,207,630$34,726,834$90,427,090
69$184,700,394$52,565,628$35,788,007$97,733,474
70$203,434,440$55,035,950$36,881,512$105,707,645
71$224,076,039$57,623,998$38,008,329$114,414,430
72$246,819,657$60,335,436$39,169,469$123,925,124
73$271,879,592$63,176,202$40,365,976$134,318,141
74$299,491,996$66,152,521$41,598,922$145,679,737
75$329,917,107$69,270,922$42,869,414$158,104,798
76$363,441,703$72,538,248$44,178,590$171,697,714
77$400,381,808$75,961,674$45,527,624$186,573,342
78$441,085,679$79,548,723$46,917,726$202,858,065
79$485,937,091$83,307,283$48,350,142$220,690,957
80$535,358,957$87,245,623$49,826,155$240,225,070
81$589,817,327$91,372,415$51,347,088$261,628,850
82$649,825,781$95,696,749$52,914,302$285,087,696
83$715,950,280$100,228,160$54,529,200$310,805,681
84$788,814,510$104,976,641$56,193,230$339,007,443
85$869,105,766$109,952,672$57,907,879$369,940,274
86$957,581,444$115,167,243$59,674,683$403,876,416
87$1,055,076,188$120,631,875$61,495,222$441,115,595
88$1,162,509,772$126,358,649$63,371,124$481,987,810
89$1,280,895,778$132,360,233$65,304,066$526,856,410
90$1,411,351,173$138,649,909$67,295,778$576,121,474
91$1,555,106,845$145,241,607$69,348,039$630,223,552
92$1,713,519,228$152,149,931$71,462,683$689,647,770
93$1,888,083,106$159,390,194$73,641,599$754,928,361
94$2,080,445,724$166,978,454$75,886,734$826,653,662
95$2,292,422,340$174,931,551$78,200,092$905,471,607
96$2,526,013,363$183,267,141$80,583,739$992,095,789
97$2,783,423,234$192,003,739$83,039,803$1,087,312,141
98$3,067,081,242$201,160,761$85,570,474$1,191,986,289
99$3,379,664,455$210,758,565$88,178,012$1,307,071,662
100$3,724,122,995$220,818,500$90,864,741$1,433,618,422