Can I retire at age 45 with 5,600,000?

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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$462,443$458,324$454,305$450,382$446,552$442,441
2 years$228,932$224,668$220,536$216,530$212,644$208,502
3 years$151,105$146,823$142,702$138,733$134,910$130,865
4 years$112,200$107,931$103,850$99,949$96,219$92,303
5 years$88,862$84,619$80,592$76,771$73,144$69,368
6 years$73,309$69,098$65,130$61,394$57,876$54,245
7 years$62,204$58,028$54,124$50,475$47,069$43,584
8 years$53,879$49,741$45,901$42,343$39,048$35,710
9 years$47,408$43,308$39,535$36,066$32,884$29,691
10 years$42,233$38,174$34,467$31,090$28,019$24,969
11 years$38,003$33,984$30,344$27,057$24,097$21,189
12 years$34,480$30,502$26,930$23,733$20,882$18,112
13 years$31,501$27,565$24,060$20,953$18,210$15,574
14 years$28,950$25,056$21,618$18,599$15,963$13,458
15 years$26,741$22,889$19,518$16,587$14,055$11,678
16 years$24,810$21,000$17,696$14,852$12,422$10,169
17 years$23,108$19,341$16,103$13,345$11,014$8,882
18 years$21,597$17,872$14,700$12,026$9,793$7,777
19 years$20,247$16,563$13,457$10,867$8,729$6,824
20 years$19,033$15,391$12,350$9,842$7,797$6,000
21 years$17,936$14,336$11,360$8,932$6,977$5,283
22 years$16,940$13,383$10,470$8,121$6,254$4,659
23 years$16,032$12,516$9,667$7,396$5,614$4,114
24 years$15,201$11,727$8,940$6,746$5,046$3,637
25 years$14,438$11,005$8,280$6,161$4,541$3,218
26 years$13,734$10,343$7,680$5,633$4,090$2,849
27 years$13,084$9,734$7,131$5,156$3,687$2,525
28 years$12,481$9,172$6,629$4,724$3,327$2,239
29 years$11,921$8,653$6,169$4,332$3,004$1,987
30 years$11,399$8,172$5,746$3,976$2,715$1,764
31 years$10,912$7,725$5,357$3,651$2,454$1,566
32 years$10,456$7,310$4,998$3,356$2,220$1,392
33 years$10,029$6,922$4,667$3,086$2,009$1,237
34 years$9,627$6,561$4,361$2,839$1,819$1,100
35 years$9,250$6,223$4,077$2,614$1,648$978
36 years$8,894$5,906$3,814$2,407$1,493$870
37 years$8,558$5,610$3,570$2,218$1,353$774
38 years$8,241$5,331$3,343$2,044$1,227$689
39 years$7,941$5,069$3,132$1,885$1,112$613
40 years$7,656$4,823$2,936$1,739$1,009$546
41 years$7,386$4,591$2,753$1,604$915$486
42 years$7,130$4,372$2,582$1,480$831$432
43 years$6,886$4,166$2,423$1,367$754$385
44 years$6,654$3,971$2,274$1,262$684$343
45 years$6,432$3,787$2,135$1,165$621$305
46 years$6,221$3,613$2,006$1,076$564$272
47 years$6,020$3,447$1,884$994$512$242
48 years$5,828$3,291$1,771$919$465$216
49 years$5,644$3,143$1,664$849$422$192
50 years$5,468$3,002$1,565$785$384$171

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $5,600,000, adding $6,357 every year, while hoping to spend $23,101 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: 63/32/5 Blend
44$5,600,000$5,600,000$5,600,000$5,600,000
45$6,177,757$5,880,957$5,794,157$6,561,967
46$6,783,309$6,144,545$5,963,682$7,082,160
47$7,449,853$6,420,274$6,138,112$7,646,549
48$8,183,586$6,708,715$6,317,587$8,262,114
49$8,991,336$7,010,466$6,502,250$8,933,804
50$9,880,626$7,326,154$6,692,249$9,667,060
51$10,859,748$7,656,433$6,887,738$10,467,866
52$11,937,836$8,001,992$7,088,871$11,342,804
53$13,124,956$8,363,550$7,295,809$12,299,112
54$14,432,201$8,741,863$7,508,717$13,344,753
55$15,871,792$9,137,722$7,727,766$14,488,485
56$17,457,199$9,551,953$7,953,130$15,739,948
57$19,203,260$9,985,426$8,184,987$17,109,744
58$21,126,331$10,439,051$8,423,523$18,609,543
59$23,244,432$10,913,779$8,668,926$20,252,186
60$25,577,421$11,410,611$8,921,391$22,051,804
61$28,147,179$11,930,592$9,181,119$24,023,950
62$30,977,819$12,474,819$9,448,315$26,185,745
63$34,095,913$13,044,442$9,723,190$28,556,032
64$37,530,741$13,640,665$10,005,962$31,155,555
65$41,314,569$14,264,749$10,296,853$34,007,150
66$45,482,951$14,918,018$10,596,094$37,135,957
67$50,075,068$15,601,857$10,903,919$40,569,656
68$55,134,097$16,317,719$11,220,572$44,338,722
69$60,707,614$17,067,127$11,546,300$48,476,710
70$66,848,050$17,851,676$11,881,361$53,020,570
71$73,613,181$18,673,037$12,226,016$58,010,987
72$81,066,674$19,532,965$12,580,536$63,492,767
73$89,278,689$20,433,294$12,945,199$69,515,248
74$98,326,541$21,375,951$13,320,288$76,132,770
75$108,295,428$22,362,954$13,706,098$83,405,174
76$119,279,239$23,396,416$14,102,930$91,398,369
77$131,381,436$24,478,554$14,511,092$100,184,944
78$144,716,031$25,611,692$14,930,903$109,844,851
79$159,408,667$26,798,266$15,362,689$120,466,152
80$175,597,797$28,040,826$15,806,785$132,145,845
81$193,435,995$29,342,050$16,263,535$144,990,771
82$213,091,398$30,704,742$16,733,294$159,118,621
83$234,749,286$32,131,840$17,216,426$174,659,034
84$258,613,841$33,626,427$17,713,303$191,754,818
85$284,910,063$35,191,733$18,224,310$210,563,287
86$313,885,906$36,831,144$18,749,840$231,257,741
87$345,814,607$38,548,208$19,290,298$254,029,092
88$380,997,274$40,346,648$19,846,101$279,087,657
89$419,765,725$42,230,363$20,417,674$306,665,136
90$462,485,620$44,203,442$21,005,457$337,016,787
91$509,559,914$46,270,171$21,609,901$370,423,828
92$561,432,659$48,435,044$22,231,467$407,196,079
93$618,593,200$50,702,771$22,870,631$447,674,879
94$681,580,791$53,078,290$23,527,881$492,236,293
95$750,989,684$55,566,780$24,203,718$541,294,651
96$827,474,746$58,173,666$24,898,656$595,306,449
97$911,757,634$60,904,639$25,613,225$654,774,643
98$1,004,633,611$63,765,665$26,347,966$720,253,383
99$1,106,979,053$66,762,996$27,103,437$792,353,230
100$1,219,759,724$69,903,191$27,880,210$871,746,907