Can I retire at age 45 with 6,700,000?

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$553,280$548,351$543,543$538,850$534,267$518,620
2 years$273,901$268,800$263,856$259,063$254,413$238,775
3 years$180,787$175,664$170,732$165,984$161,410$146,272
4 years$134,239$129,131$124,249$119,582$115,119$100,597
5 years$106,317$101,241$96,423$91,850$87,512$73,645
6 years$87,709$82,671$77,924$73,454$69,245$56,046
7 years$74,423$69,427$64,755$60,390$56,315$43,784
8 years$64,463$59,511$54,917$50,660$46,718$34,848
9 years$56,720$51,815$47,300$43,151$39,344$28,122
10 years$50,529$45,673$41,238$37,197$33,523$22,933
11 years$45,467$40,660$36,305$32,372$28,831$18,856
12 years$41,252$36,494$32,220$28,395$24,984$15,605
13 years$37,689$32,980$28,786$25,068$21,787$12,981
14 years$34,636$29,978$25,864$22,253$19,098$10,845
15 years$31,994$27,385$23,352$19,846$16,815$9,091
16 years$29,684$25,125$21,172$17,770$14,862$7,643
17 years$27,647$23,140$19,266$15,966$13,177$6,440
18 years$25,839$21,382$17,587$14,388$11,717$5,437
19 years$24,224$19,817$16,100$13,001$10,443$4,598
20 years$22,771$18,415$14,776$11,775$9,328$3,894
21 years$21,459$17,152$13,591$10,687$8,348$3,301
22 years$20,267$16,011$12,526$9,717$7,482$2,802
23 years$19,181$14,975$11,566$8,849$6,717$2,379
24 years$18,187$14,031$10,696$8,071$6,037$2,022
25 years$17,274$13,167$9,907$7,371$5,432$1,720
26 years$16,432$12,375$9,188$6,739$4,893$1,463
27 years$15,654$11,646$8,532$6,169$4,412$1,246
28 years$14,933$10,974$7,932$5,652$3,981$1,061
29 years$14,263$10,353$7,381$5,183$3,595$903
30 years$13,638$9,777$6,875$4,757$3,248$770
31 years$13,055$9,243$6,410$4,369$2,936$656
32 years$12,510$8,745$5,980$4,015$2,656$559
33 years$11,999$8,282$5,584$3,692$2,404$477
34 years$11,519$7,850$5,217$3,397$2,176$406
35 years$11,067$7,445$4,878$3,127$1,971$346
36 years$10,641$7,067$4,563$2,880$1,786$295
37 years$10,239$6,712$4,271$2,654$1,619$252
38 years$9,860$6,378$3,999$2,446$1,468$215
39 years$9,500$6,065$3,747$2,255$1,331$183
40 years$9,160$5,771$3,512$2,080$1,207$156
41 years$8,837$5,493$3,293$1,919$1,095$133
42 years$8,530$5,231$3,089$1,771$994$114
43 years$8,238$4,984$2,899$1,635$902$97
44 years$7,961$4,751$2,721$1,510$819$83
45 years$7,696$4,531$2,555$1,394$743$71
46 years$7,444$4,322$2,400$1,288$675$60
47 years$7,203$4,125$2,254$1,190$613$51
48 years$6,972$3,938$2,119$1,099$556$44
49 years$6,752$3,760$1,991$1,016$505$37
50 years$6,542$3,592$1,872$939$459$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $6,700,000, adding $3,086 every year, while hoping to spend $49,734 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: 47/45/8 Blend
44$6,700,000$6,700,000$6,700,000$6,700,000
45$7,386,583$7,031,483$6,927,633$7,717,564
46$8,087,098$7,323,109$7,106,792$8,236,940
47$8,857,399$7,627,358$7,290,286$8,794,823
48$9,704,550$7,944,796$7,478,208$9,399,106
49$10,636,338$8,276,015$7,670,652$10,054,108
50$11,661,339$8,621,633$7,867,713$10,764,572
51$12,789,003$8,982,301$8,069,488$11,535,707
52$14,029,742$9,358,694$8,276,077$12,373,234
53$15,395,028$9,751,523$8,487,578$13,283,438
54$16,897,503$10,161,530$8,704,094$14,273,226
55$18,551,094$10,589,490$8,925,727$15,350,185
56$20,371,148$11,036,217$9,152,581$16,522,658
57$22,374,574$11,502,561$9,384,761$17,799,812
58$24,580,005$11,989,411$9,622,375$19,191,726
59$27,007,971$12,497,698$9,865,531$20,709,484
60$29,681,096$13,028,397$10,114,338$22,365,271
61$32,624,306$13,582,526$10,368,906$24,172,489
62$35,865,069$14,161,154$10,629,349$26,145,878
63$39,433,652$14,765,397$10,895,778$28,301,650
64$43,363,407$15,396,424$11,168,309$30,657,641
65$47,691,083$16,055,457$11,447,056$33,233,473
66$52,457,178$16,743,779$11,732,137$36,050,735
67$57,706,315$17,462,729$12,023,668$39,133,183
68$63,487,667$18,213,710$12,321,769$42,506,956
69$69,855,419$18,998,192$12,626,558$46,200,824
70$76,869,280$19,817,711$12,938,156$50,246,447
71$84,595,045$20,673,879$13,256,683$54,678,675
72$93,105,220$21,568,379$13,582,262$59,535,865
73$102,479,699$22,502,976$13,915,014$64,860,243
74$112,806,524$23,479,517$14,255,063$70,698,290
75$124,182,713$24,499,937$14,602,531$77,101,179
76$136,715,175$25,566,259$14,957,541$84,125,251
77$150,521,722$26,680,606$15,320,218$91,832,534
78$165,732,178$27,845,195$15,690,685$100,291,329
79$182,489,603$29,062,352$16,069,066$109,576,840
80$200,951,646$30,334,512$16,455,484$119,771,880
81$221,292,034$31,664,222$16,850,062$130,967,641
82$243,702,205$33,054,153$17,252,923$143,264,550
83$268,393,123$34,507,100$17,664,189$156,773,201
84$295,597,264$36,025,990$18,083,982$171,615,395
85$325,570,810$37,613,888$18,512,420$187,925,278
86$358,596,071$39,274,007$18,949,624$205,850,595
87$394,984,144$41,009,708$19,395,711$225,554,072
88$435,077,857$42,824,513$19,850,797$247,214,947
89$479,254,996$44,722,112$20,314,997$271,030,642
90$527,931,878$46,706,368$20,788,421$297,218,616
91$581,567,277$48,781,328$21,271,181$326,018,409
92$640,666,757$50,951,230$21,763,384$357,693,880
93$705,787,442$53,220,517$22,265,133$392,535,693
94$777,543,276$55,593,837$22,776,530$430,864,039
95$856,610,819$58,076,064$23,297,672$473,031,642
96$943,735,633$60,672,301$23,828,654$519,427,077
97$1,039,739,318$63,387,894$24,369,565$570,478,415
98$1,145,527,273$66,228,445$24,920,490$626,657,250
99$1,262,097,237$69,199,822$25,481,509$688,483,128
100$1,390,548,713$72,308,170$26,052,696$756,528,434