Can I retire at age 45 with 6,000,000?

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 $6,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$495,474$491,061$486,755$482,552$478,448$462,024
2 years$245,284$240,716$236,289$231,996$227,833$211,453
3 years$161,899$157,311$152,895$148,642$144,546$128,725
4 years$120,214$115,640$111,268$107,088$103,092$87,950
5 years$95,210$90,663$86,349$82,254$78,369$63,947
6 years$78,545$74,033$69,782$65,779$62,010$48,320
7 years$66,647$62,173$57,990$54,081$50,431$37,470
8 years$57,728$53,294$49,180$45,367$41,837$29,595
9 years$50,794$46,402$42,359$38,643$35,233$23,694
10 years$45,250$40,901$36,929$33,310$30,020$19,165
11 years$40,717$36,412$32,512$28,990$25,819$15,626
12 years$36,942$32,681$28,853$25,428$22,374$12,821
13 years$33,751$29,534$25,779$22,449$19,510$10,572
14 years$31,018$26,846$23,162$19,928$17,103$8,752
15 years$28,651$24,524$20,912$17,772$15,059$7,270
16 years$26,582$22,500$18,960$15,913$13,309$6,054
17 years$24,759$20,722$17,253$14,298$11,801$5,053
18 years$23,140$19,148$15,750$12,885$10,492$4,225
19 years$21,693$17,746$14,418$11,643$9,352$3,538
20 years$20,392$16,491$13,232$10,545$8,354$2,967
21 years$19,217$15,360$12,171$9,570$7,475$2,490
22 years$18,150$14,338$11,218$8,701$6,701$2,092
23 years$17,177$13,410$10,357$7,925$6,015$1,759
24 years$16,287$12,565$9,579$7,228$5,406$1,479
25 years$15,469$11,791$8,872$6,601$4,865$1,245
26 years$14,715$11,082$8,228$6,035$4,382$1,048
27 years$14,018$10,429$7,641$5,524$3,951$883
28 years$13,373$9,828$7,103$5,061$3,565$744
29 years$12,773$9,271$6,610$4,641$3,219$627
30 years$12,213$8,756$6,157$4,260$2,909$528
31 years$11,691$8,277$5,740$3,912$2,630$445
32 years$11,203$7,832$5,355$3,595$2,379$376
33 years$10,745$7,417$5,000$3,306$2,153$317
34 years$10,315$7,029$4,672$3,042$1,949$267
35 years$9,911$6,667$4,368$2,800$1,765$225
36 years$9,529$6,328$4,086$2,579$1,599$190
37 years$9,170$6,010$3,825$2,376$1,450$160
38 years$8,830$5,712$3,582$2,190$1,314$135
39 years$8,508$5,432$3,356$2,020$1,192$114
40 years$8,203$5,168$3,145$1,863$1,081$96
41 years$7,914$4,919$2,949$1,719$981$81
42 years$7,639$4,685$2,766$1,586$890$69
43 years$7,378$4,464$2,596$1,464$808$58
44 years$7,129$4,255$2,437$1,352$733$49
45 years$6,892$4,057$2,288$1,248$666$41
46 years$6,666$3,871$2,149$1,153$604$35
47 years$6,450$3,694$2,019$1,065$549$29
48 years$6,244$3,526$1,897$985$498$25
49 years$6,047$3,367$1,783$910$453$21
50 years$5,858$3,217$1,677$841$411$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $6,000,000, adding $3,709 every year, while hoping to spend $48,157 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: 34/45/21 Blend
44$6,000,000$6,000,000$6,000,000$6,000,000
45$6,615,826$6,297,826$6,204,826$6,798,127
46$7,239,401$6,555,181$6,361,449$7,190,756
47$7,924,968$6,823,532$6,521,705$7,609,183
48$8,678,797$7,103,367$6,685,664$8,059,416
49$9,507,799$7,395,197$6,853,399$8,544,298
50$10,419,588$7,699,556$7,024,982$9,066,952
51$11,422,553$8,017,001$7,200,485$9,630,800
52$12,525,935$8,348,115$7,379,983$10,239,595
53$13,739,918$8,693,511$7,563,550$10,897,459
54$15,075,722$9,053,825$7,751,262$11,608,912
55$16,545,710$9,429,726$7,943,193$12,378,919
56$18,163,502$9,821,913$8,139,420$13,212,929
57$19,944,109$10,231,116$8,340,019$14,116,929
58$21,904,067$10,658,100$8,545,069$15,097,491
59$24,061,599$11,103,664$8,754,646$16,161,838
60$26,436,783$11,568,645$8,968,828$17,317,906
61$29,051,745$12,053,919$9,187,694$18,574,414
62$31,930,864$12,560,401$9,411,322$19,940,946
63$35,101,001$13,089,049$9,639,790$21,428,036
64$38,591,757$13,640,867$9,873,178$23,047,266
65$42,435,750$14,216,903$10,111,563$24,811,369
66$46,668,921$14,818,256$10,355,024$26,734,347
67$51,330,874$15,446,073$10,603,641$28,831,599
68$56,465,250$16,101,558$10,857,490$31,120,060
69$62,120,140$16,785,969$11,116,650$33,618,360
70$68,348,534$17,500,621$11,381,198$36,346,993
71$75,208,827$18,246,894$11,651,211$39,328,505
72$82,765,366$19,026,230$11,926,764$42,587,702
73$91,089,056$19,840,139$12,207,934$46,151,882
74$100,258,034$20,690,200$12,494,794$50,051,083
75$110,358,401$21,578,067$12,787,418$54,318,361
76$121,485,039$22,505,473$13,085,876$58,990,100
77$133,742,500$23,474,229$13,390,241$64,106,346
78$147,246,002$24,486,233$13,700,581$69,711,178
79$162,122,506$25,543,470$14,016,962$75,853,119
80$178,511,923$26,648,021$14,339,451$82,585,587
81$196,568,426$27,802,062$14,668,110$89,967,388
82$216,461,915$29,007,871$15,003,001$98,063,271
83$238,379,609$30,267,836$15,344,180$106,944,521
84$262,527,824$31,584,455$15,691,705$116,689,633
85$289,133,911$32,960,342$16,045,627$127,385,038
86$318,448,409$34,398,238$16,405,994$139,125,910
87$350,747,406$35,901,011$16,772,854$152,017,059
88$386,335,144$37,471,663$17,146,247$166,173,906
89$425,546,893$39,113,339$17,526,211$181,723,561
90$468,752,117$40,829,333$17,912,779$198,806,018
91$516,357,955$42,623,093$18,305,980$217,575,459
92$568,813,072$44,498,230$18,705,836$238,201,700
93$626,611,889$46,458,527$19,112,366$260,871,779
94$690,299,252$48,507,945$19,525,580$285,791,712
95$760,475,574$50,650,633$19,945,485$313,188,422
96$837,802,504$52,890,935$20,372,080$343,311,866
97$923,009,170$55,233,402$20,805,355$376,437,383
98$1,016,899,067$57,682,800$21,245,297$412,868,271
99$1,120,357,637$60,244,122$21,691,879$452,938,641
100$1,234,360,629$62,922,597$22,145,070$497,016,547