Can I retire at age 45 with 16,900,000?

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,320,420
2 years$690,884$678,017$665,547$653,456$641,728$614,435
3 years$456,014$443,092$430,653$418,676$407,139$380,612
4 years$338,602$325,719$313,405$301,632$290,375$264,820
5 years$268,174$255,368$243,215$231,683$220,738$196,227
6 years$221,236$208,527$196,554$185,278$174,663$151,222
7 years$187,723$175,121$163,337$152,328$142,048$119,683
8 years$162,599$150,111$138,523$127,784$117,842$96,546
9 years$143,069$130,698$119,310$108,843$99,240$78,999
10 years$127,454$115,204$104,017$93,824$84,558$65,352
11 years$114,686$102,560$91,575$81,655$72,722$54,528
12 years$104,054$92,052$81,270$71,622$63,020$45,811
13 years$95,065$83,188$72,610$63,232$54,954$38,701
14 years$87,366$75,616$65,240$56,130$48,173$32,845
15 years$80,700$69,076$58,903$50,058$42,415$27,980
16 years$74,873$63,376$53,404$44,822$37,487$23,911
17 years$69,737$58,367$48,596$40,272$33,238$20,487
18 years$65,177$53,934$44,362$36,293$29,554$17,593
19 years$61,101$49,985$40,611$32,794$26,342$15,136
20 years$57,438$46,449$37,271$29,701$23,529$13,043
21 years$54,127$43,265$34,282$26,956$21,056$11,255
22 years$51,122$40,386$31,596$24,509$18,874$9,723
23 years$48,382$37,773$29,173$22,321$16,942$8,408
24 years$45,874$35,391$26,980$20,358$15,228$7,278
25 years$43,571$33,212$24,989$18,592$13,703$6,304
26 years$41,448$31,214$23,176$17,000$12,343$5,464
27 years$39,485$29,376$21,521$15,560$11,128$4,738
28 years$37,666$27,681$20,007$14,256$10,041$4,111
29 years$35,976$26,114$18,618$13,073$9,067$3,568
30 years$34,401$24,662$17,342$11,998$8,193$3,098
31 years$32,931$23,314$16,167$11,019$7,407$2,691
32 years$31,555$22,059$15,084$10,127$6,700$2,338
33 years$30,265$20,891$14,084$9,313$6,064$2,031
34 years$29,054$19,800$13,160$8,568$5,490$1,766
35 years$27,915$18,780$12,303$7,888$4,972$1,535
36 years$26,841$17,825$11,510$7,264$4,505$1,334
37 years$25,828$16,929$10,773$6,693$4,083$1,160
38 years$24,870$16,089$10,088$6,169$3,702$1,009
39 years$23,964$15,299$9,452$5,688$3,357$878
40 years$23,105$14,556$8,859$5,247$3,045$763
41 years$22,290$13,856$8,307$4,841$2,762$664
42 years$21,516$13,196$7,792$4,467$2,507$578
43 years$20,780$12,573$7,312$4,124$2,275$503
44 years$20,080$11,984$6,863$3,808$2,065$437
45 years$19,412$11,428$6,445$3,517$1,875$380
46 years$18,775$10,902$6,053$3,248$1,702$331
47 years$18,168$10,404$5,687$3,001$1,545$288
48 years$17,587$9,932$5,344$2,773$1,404$251
49 years$17,032$9,484$5,023$2,563$1,275$218
50 years$16,500$9,060$4,722$2,369$1,158$190

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $16,900,000, adding $6,568 every year, while hoping to spend $38,538 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: 35/49/16 Blend
44$16,900,000$16,900,000$16,900,000$16,900,000
45$18,630,575$17,734,875$17,472,925$19,190,598
46$20,489,889$18,562,880$18,017,264$20,426,459
47$22,537,562$19,430,165$18,578,546$21,754,937
48$24,792,766$20,338,615$19,157,300$23,187,511
49$27,276,625$21,290,205$19,754,067$24,733,433
50$30,012,421$22,287,005$20,369,408$26,402,840
51$33,025,806$23,331,186$21,003,901$28,206,837
52$36,345,048$24,425,024$21,658,141$30,157,595
53$40,001,296$25,570,903$22,332,743$32,268,458
54$44,028,878$26,771,327$23,028,339$34,554,053
55$48,465,617$28,028,915$23,745,581$37,030,428
56$53,353,196$29,346,418$24,485,145$39,715,182
57$58,737,546$30,726,717$25,247,722$42,627,628
58$64,669,284$32,172,835$26,034,028$45,788,960
59$71,204,185$33,687,938$26,844,802$49,222,441
60$78,403,713$35,275,347$27,680,804$52,953,610
61$86,335,599$36,938,547$28,542,818$57,010,512
62$95,074,480$38,681,186$29,431,653$61,423,944
63$104,702,606$40,507,093$30,348,142$66,227,735
64$115,310,612$42,420,281$31,293,145$71,459,049
65$126,998,378$44,424,958$32,267,549$77,158,719
66$139,875,967$46,525,535$33,272,267$83,371,614
67$154,064,669$48,726,640$34,308,241$90,147,051
68$169,698,141$51,033,121$35,376,443$97,539,235
69$186,923,672$53,450,064$36,477,874$105,607,754
70$205,903,571$55,982,802$37,613,567$114,418,123
71$226,816,701$58,636,924$38,784,587$124,042,380
72$249,860,165$61,418,295$39,992,031$134,559,742
73$275,251,170$64,333,059$41,237,032$146,057,332
74$303,229,073$67,387,663$42,520,757$158,630,977
75$334,057,644$70,588,864$43,844,408$172,386,085
76$368,027,555$73,943,749$45,209,227$187,438,617
77$405,459,121$77,459,749$46,616,492$203,916,150
78$446,705,329$81,144,654$48,067,522$221,959,053
79$492,155,166$85,006,635$49,563,677$241,721,782
80$542,237,291$89,054,259$51,106,358$263,374,309
81$597,424,086$93,296,509$52,697,012$287,103,686
82$658,236,109$97,742,804$54,337,129$313,115,783
83$725,247,014$102,403,023$56,028,245$341,637,188
84$799,088,962$107,287,524$57,771,943$372,917,312
85$880,458,592$112,407,168$59,569,859$407,230,703
86$970,123,594$117,773,345$61,423,675$444,879,592
87$1,068,929,961$123,397,999$63,335,128$486,196,704
88$1,177,809,970$129,293,655$65,306,008$531,548,354
89$1,297,790,989$135,473,446$67,338,162$581,337,853
90$1,430,005,170$141,951,145$69,433,490$636,009,268
91$1,575,700,142$148,741,196$71,593,957$696,051,556
92$1,736,250,786$155,858,744$73,821,584$762,003,130
93$1,913,172,217$163,319,673$76,118,458$834,456,879
94$2,108,134,085$171,140,639$78,486,728$914,065,705
95$2,322,976,340$179,339,108$80,928,611$1,001,548,620
96$2,559,726,601$187,933,399$83,446,394$1,097,697,472
97$2,820,619,299$196,942,720$86,042,433$1,203,384,344
98$3,108,116,771$206,387,216$88,719,158$1,319,569,716
99$3,424,932,505$216,288,014$91,479,073$1,447,311,455
100$3,774,056,760$226,667,266$94,324,762$1,587,774,718