Can I retire at age 45 with 6,500,000?

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 $6,500,000?

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$536,764$531,983$527,318$522,765$518,319$506,612
2 years$265,725$260,776$255,980$251,329$246,819$235,087
3 years$175,390$170,420$165,636$161,029$156,592$145,202
4 years$130,232$125,277$120,540$116,012$111,683$100,722
5 years$103,144$98,218$93,544$89,109$84,899$74,398
6 years$85,091$80,203$75,598$71,261$67,178$57,148
7 years$72,201$67,354$62,822$58,588$54,634$45,076
8 years$62,538$57,735$53,278$49,148$45,324$36,236
9 years$55,027$50,269$45,888$41,863$38,169$29,543
10 years$49,021$44,309$40,007$36,086$32,522$24,349
11 years$44,110$39,446$35,221$31,406$27,970$20,239
12 years$40,021$35,405$31,258$27,547$24,238$16,937
13 years$36,563$31,995$27,927$24,320$21,136$14,252
14 years$33,602$29,083$25,092$21,589$18,528$12,046
15 years$31,039$26,568$22,655$19,253$16,313$10,219
16 years$28,797$24,375$20,540$17,239$14,418$8,696
17 years$26,822$22,449$18,691$15,489$12,784$7,419
18 years$25,068$20,744$17,062$13,959$11,367$6,343
19 years$23,500$19,225$15,620$12,613$10,132$5,433
20 years$22,091$17,865$14,335$11,424$9,050$4,660
21 years$20,818$16,640$13,185$10,368$8,098$4,003
22 years$19,662$15,533$12,152$9,427$7,259$3,442
23 years$18,609$14,528$11,221$8,585$6,516$2,963
24 years$17,644$13,612$10,377$7,830$5,857$2,552
25 years$16,758$12,774$9,611$7,151$5,270$2,200
26 years$15,941$12,005$8,914$6,538$4,747$1,898
27 years$15,187$11,299$8,277$5,985$4,280$1,638
28 years$14,487$10,647$7,695$5,483$3,862$1,414
29 years$13,837$10,044$7,161$5,028$3,487$1,221
30 years$13,231$9,485$6,670$4,615$3,151$1,055
31 years$12,666$8,967$6,218$4,238$2,849$912
32 years$12,137$8,484$5,802$3,895$2,577$788
33 years$11,641$8,035$5,417$3,582$2,332$682
34 years$11,175$7,615$5,061$3,296$2,111$589
35 years$10,736$7,223$4,732$3,034$1,912$510
36 years$10,324$6,856$4,427$2,794$1,733$441
37 years$9,934$6,511$4,143$2,574$1,570$382
38 years$9,565$6,188$3,880$2,373$1,424$330
39 years$9,217$5,884$3,635$2,188$1,291$286
40 years$8,887$5,598$3,407$2,018$1,171$247
41 years$8,573$5,329$3,195$1,862$1,062$214
42 years$8,275$5,075$2,997$1,718$964$185
43 years$7,992$4,836$2,812$1,586$875$160
44 years$7,723$4,609$2,640$1,465$794$139
45 years$7,466$4,395$2,479$1,353$721$120
46 years$7,221$4,193$2,328$1,249$655$104
47 years$6,988$4,002$2,187$1,154$594$90
48 years$6,764$3,820$2,055$1,067$540$78
49 years$6,551$3,648$1,932$986$490$67
50 years$6,346$3,485$1,816$911$445$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $6,500,000, adding $2,161 every year, while hoping to spend $57,373 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: 68/13/19 Blend
44$6,500,000$6,500,000$6,500,000$6,500,000
45$7,165,229$6,820,729$6,719,979$7,618,865
46$7,835,038$7,093,900$6,884,054$8,195,458
47$8,571,245$7,378,534$7,051,702$8,819,035
48$9,380,561$7,675,132$7,222,984$9,499,748
49$10,270,381$7,984,216$7,397,957$10,243,220
50$11,248,853$8,306,336$7,576,681$11,055,644
51$12,324,952$8,642,062$7,759,216$11,943,834
52$13,508,567$8,991,994$7,945,620$12,915,296
53$14,810,596$9,356,756$8,135,953$13,978,292
54$16,243,042$9,737,002$8,330,273$15,141,917
55$17,819,133$10,133,416$8,528,638$16,416,190
56$19,553,443$10,546,712$8,731,106$17,812,141
57$21,462,031$10,977,638$8,937,734$19,341,915
58$23,562,590$11,426,974$9,148,581$21,018,891
59$25,874,616$11,895,538$9,363,700$22,857,800
60$28,419,592$12,384,183$9,583,148$24,874,868
61$31,221,186$12,893,804$9,806,980$27,087,964
62$34,305,481$13,425,335$10,035,248$29,516,771
63$37,701,216$13,979,752$10,268,004$32,182,969
64$41,440,057$14,558,077$10,505,300$35,110,438
65$45,556,900$15,161,380$10,747,185$38,325,481
66$50,090,195$15,790,779$10,993,706$41,857,075
67$55,082,310$16,447,442$11,244,911$45,737,137
68$60,579,933$17,132,594$11,500,843$50,000,829
69$66,634,509$17,847,514$11,761,544$54,686,884
70$73,302,728$18,593,541$12,027,054$59,837,975
71$80,647,057$19,372,076$12,297,411$65,501,111
72$88,736,333$20,184,583$12,572,650$71,728,083
73$97,646,407$21,032,596$12,852,803$78,575,945
74$107,460,867$21,917,720$13,137,898$86,107,561
75$118,271,819$22,841,632$13,427,961$94,392,184
76$130,180,762$23,806,089$13,723,015$103,506,119
77$143,299,541$24,812,929$14,023,077$113,533,432
78$157,751,407$25,864,074$14,328,163$124,566,748
79$173,672,175$26,961,539$14,638,281$136,708,118
80$191,211,510$28,107,427$14,953,437$150,069,984
81$210,534,338$29,303,945$15,273,631$164,776,235
82$231,822,400$30,553,399$15,598,857$180,963,376
83$255,275,973$31,858,203$15,929,107$198,781,813
84$281,115,752$33,220,884$16,264,361$218,397,268
85$309,584,939$34,644,089$16,604,598$239,992,345
86$340,951,538$36,130,584$16,949,788$263,768,245
87$375,510,882$37,683,270$17,299,893$289,946,669
88$413,588,421$39,305,179$17,654,868$318,771,901
89$455,542,795$40,999,488$18,014,661$350,513,115
90$501,769,218$42,769,521$18,379,210$385,466,911
91$552,703,210$44,618,759$18,748,445$423,960,110
92$608,824,705$46,550,846$19,122,286$466,352,839
93$670,662,585$48,569,597$19,500,642$513,041,922
94$738,799,667$50,679,006$19,883,412$564,464,627
95$813,878,211$52,883,255$20,270,485$621,102,786
96$896,605,977$55,186,723$20,661,735$683,487,338
97$987,762,910$57,593,995$21,057,026$752,203,342
98$1,088,208,498$60,109,872$21,456,207$827,895,491
99$1,198,889,889$62,739,381$21,859,115$911,274,194
100$1,320,850,833$65,487,786$22,265,570$1,003,122,277