Can I retire at age 45 with 5,900,000?

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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$487,216$482,877$478,642$474,510$470,474$459,848
2 years$241,196$236,704$232,351$228,130$224,035$213,387
3 years$159,200$154,689$150,346$146,165$142,137$131,798
4 years$118,210$113,713$109,414$105,304$101,373$91,424
5 years$93,623$89,152$84,909$80,883$77,063$67,531
6 years$77,236$72,799$68,619$64,683$60,977$51,873
7 years$65,536$61,137$57,023$53,179$49,591$40,915
8 years$56,765$52,406$48,360$44,611$41,140$32,891
9 years$49,947$45,628$41,653$37,999$34,646$26,816
10 years$44,496$40,219$36,314$32,755$29,520$22,102
11 years$40,038$35,805$31,970$28,507$25,388$18,371
12 years$36,327$32,136$28,373$25,004$22,001$15,374
13 years$33,188$29,042$25,349$22,075$19,185$12,936
14 years$30,501$26,398$22,776$19,596$16,818$10,934
15 years$28,174$24,115$20,564$17,476$14,808$9,276
16 years$26,139$22,125$18,644$15,648$13,087$7,893
17 years$24,346$20,377$16,965$14,059$11,604$6,734
18 years$22,754$18,829$15,487$12,670$10,318$5,757
19 years$21,331$17,450$14,178$11,449$9,196$4,931
20 years$20,052$16,216$13,012$10,369$8,214$4,230
21 years$18,897$15,104$11,968$9,411$7,351$3,633
22 years$17,847$14,099$11,031$8,556$6,589$3,124
23 years$16,891$13,187$10,185$7,792$5,915$2,689
24 years$16,015$12,355$9,419$7,107$5,316$2,317
25 years$15,211$11,595$8,724$6,491$4,784$1,997
26 years$14,470$10,897$8,091$5,935$4,309$1,723
27 years$13,785$10,256$7,513$5,432$3,885$1,487
28 years$13,150$9,664$6,985$4,977$3,506$1,284
29 years$12,560$9,117$6,500$4,564$3,165$1,109
30 years$12,010$8,610$6,054$4,189$2,860$958
31 years$11,497$8,139$5,644$3,847$2,586$828
32 years$11,016$7,701$5,266$3,535$2,339$716
33 years$10,566$7,293$4,917$3,251$2,117$619
34 years$10,143$6,912$4,594$2,991$1,917$535
35 years$9,745$6,556$4,295$2,754$1,736$463
36 years$9,371$6,223$4,018$2,536$1,573$400
37 years$9,017$5,910$3,761$2,337$1,426$346
38 years$8,682$5,617$3,522$2,154$1,292$300
39 years$8,366$5,341$3,300$1,986$1,172$259
40 years$8,066$5,082$3,093$1,832$1,063$224
41 years$7,782$4,837$2,900$1,690$964$194
42 years$7,512$4,607$2,720$1,560$875$168
43 years$7,255$4,389$2,553$1,440$794$145
44 years$7,010$4,184$2,396$1,329$721$126
45 years$6,777$3,990$2,250$1,228$654$109
46 years$6,555$3,806$2,113$1,134$594$94
47 years$6,343$3,632$1,985$1,048$540$82
48 years$6,140$3,467$1,866$968$490$71
49 years$5,946$3,311$1,754$895$445$61
50 years$5,760$3,163$1,649$827$404$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $5,900,000, adding $2,685 every year, while hoping to spend $37,017 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: 39/45/16 Blend
44$5,900,000$5,900,000$5,900,000$5,900,000
45$6,504,570$6,191,870$6,100,420$6,726,985
46$7,128,650$6,455,885$6,265,398$7,149,944
47$7,815,146$6,731,597$6,434,662$7,603,209
48$8,570,384$7,019,539$6,608,317$8,092,520
49$9,401,337$7,320,271$6,786,470$8,621,155
50$10,315,686$7,634,376$6,969,228$9,192,710
51$11,321,893$7,962,468$7,156,705$9,811,129
52$12,429,285$8,305,188$7,349,014$10,480,743
53$13,648,137$8,663,207$7,546,270$11,206,302
54$14,989,770$9,037,227$7,748,593$11,993,025
55$16,466,660$9,427,984$7,956,104$12,846,640
56$18,092,552$9,836,248$8,168,926$13,773,440
57$19,882,593$10,262,825$8,387,187$14,780,335
58$21,853,474$10,708,559$8,611,013$15,874,918
59$24,023,584$11,174,335$8,840,538$17,065,533
60$26,413,189$11,661,077$9,075,896$18,361,347
61$29,044,618$12,169,753$9,317,222$19,772,438
62$31,942,477$12,701,380$9,564,657$21,309,883
63$35,133,881$13,257,018$9,818,344$22,985,860
64$38,648,705$13,837,781$10,078,427$24,813,758
65$42,519,874$14,444,832$10,345,055$26,808,303
66$46,783,665$15,079,393$10,618,379$28,985,687
67$51,480,056$15,742,741$10,898,551$31,363,719
68$56,653,099$16,436,212$11,185,730$33,961,991
69$62,351,338$17,161,210$11,480,075$36,802,053
70$68,628,266$17,919,200$11,781,749$39,907,615
71$75,542,829$18,711,720$12,090,917$43,304,765
72$83,159,983$19,540,380$12,407,748$47,022,206
73$91,551,308$20,406,866$12,732,415$51,091,528
74$100,795,682$21,312,943$13,065,091$55,547,492
75$110,980,025$22,260,461$13,405,956$60,428,359
76$122,200,122$23,251,357$13,755,189$65,776,240
77$134,561,523$24,287,662$14,112,977$71,637,485
78$148,180,542$25,371,501$14,479,505$78,063,121
79$163,185,353$26,505,102$14,854,965$85,109,316
80$179,717,203$27,690,796$15,239,550$92,837,908
81$197,931,741$28,931,027$15,633,458$101,316,979
82$218,000,488$30,228,357$16,036,888$110,621,488
83$240,112,458$31,585,467$16,450,044$120,833,968
84$264,475,940$33,005,166$16,873,132$132,045,299
85$291,320,466$34,490,399$17,306,362$144,355,553
86$320,898,975$36,044,250$17,749,946$157,874,931
87$353,490,202$37,669,950$18,204,101$172,724,787
88$389,401,310$39,370,885$18,669,046$189,038,770
89$428,970,786$41,150,601$19,145,002$206,964,065
90$472,571,641$43,012,815$19,632,194$226,662,777
91$520,614,927$44,961,422$20,130,851$248,313,445
92$573,553,620$47,000,501$20,641,204$272,112,712
93$631,886,891$49,134,328$21,163,487$298,277,171
94$696,164,827$51,367,383$21,697,937$327,045,390
95$766,993,615$53,704,361$22,244,793$358,680,154
96$845,041,268$56,150,179$22,804,299$393,470,924
97$931,043,933$58,709,993$23,376,698$431,736,554
98$1,025,812,835$61,389,204$23,962,238$473,828,285
99$1,130,241,942$64,193,472$24,561,171$520,133,039
100$1,245,316,398$67,128,731$25,173,748$571,077,055