Can I retire at age 45 with 5,000,000?

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 $5,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$412,895$409,217$405,629$402,127$398,707$389,385
2 years$204,404$200,597$196,907$193,330$189,860$180,521
3 years$134,915$131,092$127,412$123,869$120,455$111,391
4 years$100,178$96,367$92,723$89,240$85,910$77,190
5 years$79,341$75,553$71,957$68,545$65,307$56,957
6 years$65,455$61,694$58,152$54,816$51,675$43,703
7 years$55,539$51,811$48,325$45,067$42,026$34,433
8 years$48,106$44,411$40,983$37,806$34,865$27,647
9 years$42,328$38,668$35,299$32,202$29,361$22,514
10 years$37,708$34,084$30,774$27,759$25,017$18,533
11 years$33,931$30,343$27,093$24,158$21,515$15,385
12 years$30,785$27,234$24,044$21,190$18,645$12,858
13 years$28,126$24,612$21,482$18,708$16,259$10,805
14 years$25,848$22,371$19,302$16,607$14,252$9,120
15 years$23,876$20,437$17,427$14,810$12,549$7,726
16 years$22,152$18,750$15,800$13,261$11,091$6,565
17 years$20,632$17,268$14,377$11,915$9,834$5,593
18 years$19,283$15,957$13,125$10,738$8,744$4,775
19 years$18,077$14,789$12,015$9,702$7,793$4,083
20 years$16,993$13,742$11,027$8,787$6,961$3,498
21 years$16,014$12,800$10,143$7,975$6,230$3,000
22 years$15,125$11,949$9,348$7,251$5,584$2,576
23 years$14,314$11,175$8,631$6,604$5,012$2,213
24 years$13,572$10,471$7,982$6,023$4,505$1,904
25 years$12,891$9,826$7,393$5,501$4,054$1,638
26 years$12,263$9,235$6,857$5,029$3,652$1,411
27 years$11,682$8,691$6,367$4,604$3,292$1,216
28 years$11,144$8,190$5,919$4,218$2,971$1,048
29 years$10,644$7,726$5,508$3,868$2,683$904
30 years$10,178$7,296$5,131$3,550$2,424$779
31 years$9,743$6,898$4,783$3,260$2,191$673
32 years$9,336$6,526$4,463$2,996$1,982$580
33 years$8,954$6,181$4,167$2,755$1,794$501
34 years$8,596$5,858$3,893$2,535$1,624$433
35 years$8,259$5,556$3,640$2,334$1,471$373
36 years$7,941$5,274$3,405$2,149$1,333$323
37 years$7,641$5,009$3,187$1,980$1,208$279
38 years$7,358$4,760$2,985$1,825$1,095$241
39 years$7,090$4,526$2,796$1,683$993$208
40 years$6,836$4,306$2,621$1,552$901$180
41 years$6,595$4,099$2,458$1,432$817$155
42 years$6,366$3,904$2,305$1,322$742$134
43 years$6,148$3,720$2,163$1,220$673$116
44 years$5,941$3,546$2,031$1,127$611$100
45 years$5,743$3,381$1,907$1,040$555$86
46 years$5,555$3,225$1,791$961$504$75
47 years$5,375$3,078$1,682$888$457$65
48 years$5,203$2,938$1,581$820$415$56
49 years$5,039$2,806$1,486$758$377$48
50 years$4,882$2,680$1,397$701$343$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $5,000,000, adding $4,992 every year, while hoping to spend $38,511 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: 62/17/21 Blend
44$5,000,000$5,000,000$5,000,000$5,000,000
45$5,515,149$5,250,149$5,172,649$5,826,671
46$6,036,719$5,466,431$5,304,958$6,253,939
47$6,610,198$5,692,020$5,440,408$6,715,491
48$7,240,841$5,927,332$5,579,064$7,218,532
49$7,934,436$6,172,800$5,720,991$7,767,110
50$8,697,361$6,428,880$5,866,257$8,365,676
51$9,536,643$6,696,046$6,014,928$9,019,133
52$10,460,025$6,974,797$6,167,073$9,732,873
53$11,476,037$7,265,651$6,322,759$10,512,833
54$12,594,078$7,569,154$6,482,057$11,365,547
55$13,824,506$7,885,874$6,645,038$12,298,207
56$15,178,731$8,216,407$6,811,772$13,318,733
57$16,669,327$8,561,376$6,982,331$14,435,842
58$18,310,148$8,921,433$7,156,789$15,659,131
59$20,116,460$9,297,261$7,335,218$16,999,170
60$22,105,084$9,689,572$7,517,693$18,467,594
61$24,294,555$10,099,114$7,704,289$20,077,216
62$26,705,297$10,526,668$7,895,080$21,842,147
63$29,359,815$10,973,052$8,090,143$23,777,926
64$32,282,907$11,439,122$8,289,553$25,901,664
65$35,501,899$11,925,774$8,493,388$28,232,209
66$39,046,901$12,433,945$8,701,725$30,790,318
67$42,951,093$12,964,617$8,914,641$33,598,852
68$47,251,037$13,518,816$9,132,214$36,682,991
69$51,987,021$14,097,616$9,354,522$40,070,472
70$57,203,443$14,702,145$9,581,644$43,791,846
71$62,949,222$15,333,578$9,813,657$47,880,764
72$69,278,267$15,993,148$10,050,639$52,374,296
73$76,249,985$16,682,147$10,292,670$57,313,278
74$83,929,836$17,401,924$10,539,827$62,742,693
75$92,389,956$18,153,895$10,792,188$68,712,097
76$101,709,835$18,939,539$11,049,830$75,276,082
77$111,977,069$19,760,408$11,312,830$82,494,790
78$123,288,185$20,618,123$11,581,265$90,434,478
79$135,749,553$21,514,384$11,855,210$99,168,143
80$149,478,388$22,450,970$12,134,741$108,776,204
81$164,603,860$23,429,743$12,419,931$119,347,264
82$181,268,308$24,452,655$12,710,853$130,978,938
83$199,628,588$25,521,748$13,007,579$143,778,776
84$219,857,549$26,639,159$13,310,178$157,865,275
85$242,145,671$27,807,130$13,618,721$173,368,989
86$266,702,855$29,028,004$13,933,274$190,433,767
87$293,760,409$30,304,239$14,253,901$209,218,099
88$323,573,229$31,638,406$14,580,665$229,896,614
89$356,422,210$33,033,198$14,913,629$252,661,722
90$392,616,888$34,491,438$15,252,848$277,725,430
91$432,498,371$36,016,079$15,598,379$305,321,333
92$476,442,554$37,610,216$15,950,274$335,706,822
93$524,863,669$39,277,091$16,308,582$369,165,506
94$578,218,192$41,020,097$16,673,349$406,009,884
95$637,009,157$42,842,792$17,044,615$446,584,292
96$701,790,901$44,748,898$17,422,420$491,268,147
97$773,174,297$46,742,319$17,806,795$540,479,526
98$851,832,523$48,827,140$18,197,770$594,679,107
99$938,507,412$51,007,642$18,595,368$654,374,509
100$1,034,016,462$53,288,310$18,999,606$720,125,083