Can I retire at age 45 with 4,700,000?

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$388,122$384,664$381,291$377,999$374,785$361,343
2 years$192,139$188,561$185,093$181,730$178,469$165,072
3 years$126,821$123,227$119,767$116,436$113,228$100,297
4 years$94,168$90,585$87,160$83,886$80,755$68,389
5 years$74,581$71,019$67,640$64,432$61,389$49,620
6 years$61,527$57,993$54,663$51,527$48,575$37,412
7 years$52,207$48,702$45,425$42,363$39,504$28,944
8 years$45,220$41,747$38,524$35,538$32,773$22,807
9 years$39,788$36,348$33,181$30,270$27,599$18,215
10 years$35,446$32,039$28,928$26,093$23,516$14,696
11 years$31,895$28,522$25,468$22,709$20,225$11,951
12 years$28,938$25,600$22,602$19,919$17,526$9,780
13 years$26,438$23,135$20,193$17,585$15,283$8,042
14 years$24,297$21,029$18,144$15,610$13,397$6,639
15 years$22,443$19,211$16,381$13,922$11,796$5,499
16 years$20,823$17,625$14,852$12,465$10,425$4,566
17 years$19,394$16,232$13,515$11,200$9,244$3,800
18 years$18,126$14,999$12,337$10,093$8,219$3,168
19 years$16,993$13,901$11,294$9,120$7,326$2,645
20 years$15,974$12,918$10,365$8,260$6,544$2,211
21 years$15,053$12,032$9,534$7,497$5,856$1,850
22 years$14,217$11,232$8,787$6,816$5,249$1,549
23 years$13,455$10,505$8,113$6,208$4,712$1,298
24 years$12,758$9,842$7,503$5,662$4,235$1,089
25 years$12,117$9,237$6,950$5,171$3,811$913
26 years$11,527$8,681$6,445$4,728$3,433$766
27 years$10,981$8,170$5,985$4,327$3,095$643
28 years$10,475$7,698$5,564$3,965$2,793$540
29 years$10,005$7,262$5,178$3,636$2,522$454
30 years$9,567$6,859$4,823$3,337$2,278$381
31 years$9,158$6,484$4,496$3,065$2,060$320
32 years$8,776$6,135$4,195$2,816$1,863$269
33 years$8,417$5,810$3,917$2,590$1,686$226
34 years$8,080$5,506$3,660$2,383$1,527$190
35 years$7,763$5,223$3,422$2,194$1,383$160
36 years$7,465$4,957$3,201$2,020$1,253$134
37 years$7,183$4,708$2,996$1,861$1,136$113
38 years$6,917$4,474$2,806$1,716$1,030$95
39 years$6,664$4,255$2,629$1,582$934$80
40 years$6,426$4,048$2,464$1,459$847$67
41 years$6,199$3,853$2,310$1,346$768$57
42 years$5,984$3,670$2,167$1,242$697$48
43 years$5,779$3,497$2,033$1,147$633$40
44 years$5,584$3,333$1,909$1,059$574$34
45 years$5,399$3,178$1,792$978$521$28
46 years$5,222$3,032$1,683$903$473$24
47 years$5,053$2,893$1,581$835$430$20
48 years$4,891$2,762$1,486$771$390$17
49 years$4,737$2,638$1,397$713$355$14
50 years$4,589$2,520$1,313$659$322$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $4,700,000, adding $4,916 every year, while hoping to spend $20,097 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: 61/16/23 Blend
44$4,700,000$4,700,000$4,700,000$4,700,000
45$5,184,471$4,935,371$4,862,521$5,468,909
46$5,691,904$5,155,821$5,004,032$5,882,711
47$6,250,421$5,386,400$5,149,611$6,331,515
48$6,865,213$5,627,582$5,299,371$6,820,923
49$7,541,997$5,879,865$5,453,432$7,354,891
50$8,287,073$6,143,771$5,611,915$7,937,769
51$9,107,385$6,419,846$5,774,944$8,574,348
52$10,010,581$6,708,662$5,942,648$9,269,895
53$11,005,093$7,010,819$6,115,159$10,030,209
54$12,100,208$7,326,945$6,292,613$10,861,673
55$13,306,161$7,657,697$6,475,147$11,771,309
56$14,634,231$8,003,766$6,662,906$12,766,849
57$16,096,846$8,365,874$6,856,037$13,856,803
58$17,707,700$8,744,777$7,054,690$15,050,541
59$19,481,884$9,141,270$7,259,021$16,358,377
60$21,436,027$9,556,183$7,469,188$17,791,666
61$23,588,452$9,990,386$7,685,357$19,362,912
62$25,959,353$10,444,793$7,907,694$21,085,880
63$28,570,979$10,920,360$8,136,374$22,975,730
64$31,447,849$11,418,088$8,371,573$25,049,156
65$34,616,983$11,939,028$8,613,474$27,324,538
66$38,108,155$12,484,280$8,862,265$29,822,122
67$41,954,173$13,054,996$9,118,138$32,564,201
68$46,191,194$13,652,386$9,381,290$35,575,330
69$50,859,058$14,277,715$9,651,926$38,882,552
70$56,001,669$14,932,311$9,930,253$42,515,652
71$61,667,409$15,617,564$10,216,486$46,507,438
72$67,909,592$16,334,932$10,510,846$50,894,046
73$74,786,970$17,085,942$10,813,558$55,715,280
74$82,364,283$17,872,196$11,124,854$61,014,984
75$90,712,877$18,695,371$11,444,974$66,841,456
76$99,911,372$19,557,225$11,774,163$73,247,901
77$110,046,406$20,459,603$12,112,671$80,292,926
78$121,213,451$21,404,436$12,460,757$88,041,097
79$133,517,718$22,393,748$12,818,688$96,563,541
80$147,075,146$23,429,662$13,186,734$105,938,615
81$162,013,498$24,514,402$13,565,177$116,252,645
82$178,473,567$25,650,301$13,954,303$127,600,734
83$196,610,506$26,839,801$14,354,407$140,087,660
84$216,595,292$28,085,465$14,765,793$153,828,858
85$238,616,336$29,389,977$15,188,772$168,951,508
86$262,881,269$30,756,153$15,623,663$185,595,732
87$289,618,897$32,186,943$16,070,794$203,915,910
88$319,081,360$33,685,438$16,530,501$224,082,136
89$351,546,516$35,254,883$17,003,131$246,281,818
90$387,320,563$36,898,674$17,489,037$270,721,443
91$426,740,926$38,620,374$17,988,585$297,628,519
92$470,179,446$40,423,718$18,502,149$327,253,723
93$518,045,890$42,312,621$19,030,111$359,873,255
94$570,791,818$44,291,187$19,572,867$395,791,445
95$628,914,846$46,363,717$20,130,821$435,343,621
96$692,963,343$48,534,723$20,704,387$478,899,263
97$763,541,612$50,808,932$21,293,991$526,865,489
98$841,315,589$53,191,302$21,900,072$579,690,891
99$927,019,132$55,687,029$22,523,078$637,869,764
100$1,021,460,951$58,301,561$23,163,469$701,946,762