Can I retire at age 45 with 6,200,000?

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 $6,200,000?

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$511,990$507,430$502,980$498,637$494,397$489,845
2 years$253,460$248,740$244,165$239,729$235,427$230,841
3 years$167,295$162,554$157,991$153,597$149,365$144,887
4 years$124,221$119,495$114,977$110,658$106,528$102,193
5 years$98,383$93,685$89,227$84,996$80,981$76,801
6 years$81,164$76,501$72,109$67,972$64,077$60,057
7 years$68,869$64,245$59,923$55,883$52,112$48,254
8 years$59,652$55,070$50,819$46,879$43,232$39,536
9 years$52,487$47,949$43,770$39,931$36,408$32,873
10 years$46,758$42,264$38,160$34,421$31,021$27,645
11 years$42,074$37,625$33,596$29,956$26,679$23,459
12 years$38,174$33,771$29,815$26,276$23,120$20,052
13 years$34,876$30,519$26,638$23,198$20,161$17,243
14 years$32,052$27,741$23,934$20,592$17,673$14,900
15 years$29,606$25,342$21,609$18,365$15,561$12,930
16 years$27,468$23,250$19,592$16,443$13,752$11,259
17 years$25,584$21,413$17,828$14,774$12,194$9,833
18 years$23,911$19,786$16,275$13,315$10,842$8,610
19 years$22,416$18,338$14,899$12,031$9,664$7,555
20 years$21,072$17,040$13,673$10,896$8,632$6,643
21 years$19,857$15,872$12,577$9,889$7,725$5,850
22 years$18,755$14,816$11,591$8,991$6,924$5,159
23 years$17,750$13,857$10,703$8,189$6,215$4,555
24 years$16,830$12,984$9,898$7,469$5,587$4,026
25 years$15,985$12,184$9,168$6,821$5,027$3,562
26 years$15,206$11,451$8,503$6,237$4,528$3,155
27 years$14,486$10,777$7,895$5,708$4,083$2,796
28 years$13,818$10,155$7,340$5,230$3,684$2,479
29 years$13,198$9,580$6,830$4,796$3,326$2,199
30 years$12,621$9,048$6,362$4,402$3,006$1,953
31 years$12,081$8,553$5,931$4,043$2,717$1,734
32 years$11,576$8,093$5,534$3,715$2,458$1,541
33 years$11,103$7,664$5,167$3,416$2,224$1,369
34 years$10,659$7,264$4,828$3,143$2,014$1,217
35 years$10,241$6,890$4,514$2,894$1,824$1,083
36 years$9,847$6,539$4,222$2,665$1,653$963
37 years$9,475$6,211$3,952$2,455$1,498$857
38 years$9,124$5,902$3,701$2,263$1,358$762
39 years$8,791$5,613$3,467$2,087$1,232$679
40 years$8,476$5,340$3,250$1,925$1,117$604
41 years$8,177$5,083$3,047$1,776$1,013$538
42 years$7,894$4,841$2,859$1,639$920$479
43 years$7,624$4,612$2,682$1,513$835$426
44 years$7,366$4,397$2,518$1,397$758$380
45 years$7,122$4,193$2,364$1,290$688$338
46 years$6,888$4,000$2,221$1,192$624$301
47 years$6,665$3,817$2,086$1,101$567$268
48 years$6,452$3,644$1,960$1,017$515$239
49 years$6,248$3,480$1,843$940$468$213
50 years$6,053$3,324$1,732$869$425$190

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $6,200,000, adding $4,481 every year, while hoping to spend $48,938 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: 26/45/29 Blend
44$6,200,000$6,200,000$6,200,000$6,200,000
45$6,837,022$6,508,422$6,412,322$6,952,844
46$7,482,329$6,775,265$6,575,065$7,315,781
47$8,191,816$7,053,543$6,741,620$7,700,440
48$8,971,980$7,343,765$6,912,063$8,112,154
49$9,829,975$7,646,463$7,086,470$8,553,249
50$10,773,686$7,962,193$7,264,920$9,026,271
51$11,811,798$8,291,536$7,447,491$9,534,005
52$12,953,882$8,635,102$7,634,262$10,079,505
53$14,210,483$8,993,528$7,825,315$10,666,117
54$15,593,220$9,367,478$8,020,731$11,297,510
55$17,114,893$9,757,649$8,220,591$11,977,704
56$18,789,609$10,164,771$8,424,977$12,711,110
57$20,632,910$10,589,605$8,633,974$13,502,565
58$22,661,920$11,032,949$8,847,666$14,357,378
59$24,895,509$11,495,637$9,066,136$15,281,376
60$27,354,470$11,978,542$9,289,471$16,280,953
61$30,061,713$12,482,578$9,517,755$17,363,130
62$33,042,483$13,008,699$9,751,075$18,535,617
63$36,324,598$13,557,907$9,989,517$19,806,883
64$39,938,709$14,131,246$10,233,168$21,186,231
65$43,918,593$14,729,813$10,482,115$22,683,881
66$48,301,468$15,354,753$10,736,445$24,311,065
67$53,128,347$16,007,265$10,996,245$26,080,124
68$58,444,422$16,688,605$11,261,602$28,004,627
69$64,299,491$17,400,084$11,532,604$30,099,488
70$70,748,430$18,143,080$11,809,337$32,381,105
71$77,851,708$18,919,029$12,091,889$34,867,509
72$85,675,959$19,729,438$12,380,344$37,578,529
73$94,294,611$20,575,884$12,674,788$40,535,973
74$103,788,575$21,460,016$12,975,308$43,763,830
75$114,247,015$22,383,562$13,281,986$47,288,486
76$125,768,183$23,348,330$13,594,906$51,138,971
77$138,460,353$24,356,212$13,914,149$55,347,227
78$152,442,833$25,409,191$14,239,798$59,948,398
79$167,847,102$26,509,341$14,571,931$64,981,158
80$184,818,042$27,658,835$14,910,626$70,488,068
81$203,515,309$28,859,945$15,255,959$76,515,969
82$224,114,841$30,115,053$15,608,005$83,116,417
83$246,810,516$31,426,652$15,966,834$90,346,161
84$271,815,983$32,797,352$16,332,517$98,267,668
85$299,366,678$34,229,886$16,705,121$106,949,706
86$329,722,045$35,727,117$17,084,708$116,467,982
87$363,167,989$37,292,040$17,471,341$126,905,847
88$400,019,569$38,927,796$17,865,077$138,355,069
89$440,623,976$40,637,669$18,265,968$150,916,695
90$485,363,810$42,425,103$18,674,066$164,701,985
91$534,660,685$44,293,700$19,089,414$179,833,458
92$588,979,220$46,247,236$19,512,054$196,446,029
93$648,831,415$48,289,665$19,942,022$214,688,274
94$714,781,487$50,425,127$20,379,348$234,723,817
95$787,451,199$52,657,958$20,824,056$256,732,860
96$867,525,724$54,992,701$21,276,165$280,913,869
97$955,760,118$57,434,113$21,735,686$307,485,433
98$1,052,986,443$59,987,177$22,202,625$336,688,307
99$1,160,121,625$62,657,114$22,676,978$368,787,673
100$1,278,176,109$65,449,390$23,158,734$404,075,622