Can I retire at age 45 with 6,800,000?

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 $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$561,538$556,536$551,656$546,893$542,242$530,210
2 years$277,989$272,812$267,794$262,929$258,210$246,151
3 years$183,485$178,285$173,280$168,461$163,819$152,109
4 years$136,242$131,059$126,104$121,367$116,837$105,567
5 years$107,904$102,752$97,862$93,221$88,818$78,018
6 years$89,018$83,904$79,087$74,550$70,279$59,961
7 years$75,534$70,463$65,722$61,292$57,155$47,322
8 years$65,425$60,400$55,737$51,416$47,416$38,063
9 years$57,566$52,589$48,006$43,795$39,931$31,052
10 years$51,283$46,354$41,853$37,752$34,023$25,608
11 years$46,146$41,267$36,847$32,855$29,261$21,300
12 years$41,868$37,039$32,701$28,819$25,357$17,836
13 years$38,251$33,472$29,216$25,442$22,112$15,018
14 years$35,153$30,425$26,250$22,585$19,383$12,702
15 years$32,471$27,794$23,701$20,142$17,066$10,783
16 years$30,127$25,500$21,488$18,035$15,083$9,182
17 years$28,060$23,485$19,553$16,204$13,374$7,839
18 years$26,225$21,701$17,850$14,603$11,891$6,707
19 years$24,585$20,112$16,341$13,195$10,599$5,749
20 years$23,111$18,689$14,997$11,951$9,467$4,936
21 years$21,779$17,408$13,794$10,846$8,472$4,243
22 years$20,570$16,250$12,713$9,862$7,594$3,651
23 years$19,467$15,198$11,738$8,981$6,817$3,145
24 years$18,458$14,240$10,856$8,191$6,127$2,712
25 years$17,531$13,364$10,055$7,481$5,514$2,339
26 years$16,677$12,560$9,325$6,840$4,966$2,019
27 years$15,888$11,820$8,659$6,261$4,478$1,744
28 years$15,156$11,138$8,050$5,736$4,040$1,507
29 years$14,476$10,507$7,491$5,260$3,648$1,303
30 years$13,842$9,923$6,978$4,828$3,296$1,127
31 years$13,250$9,381$6,505$4,434$2,980$974
32 years$12,697$8,876$6,070$4,075$2,696$843
33 years$12,178$8,406$5,667$3,747$2,440$730
34 years$11,690$7,967$5,295$3,448$2,209$631
35 years$11,232$7,556$4,950$3,174$2,001$547
36 years$10,800$7,172$4,631$2,923$1,813$473
37 years$10,392$6,812$4,335$2,693$1,643$410
38 years$10,007$6,474$4,059$2,482$1,489$355
39 years$9,642$6,156$3,803$2,289$1,351$307
40 years$9,297$5,857$3,565$2,111$1,225$266
41 years$8,969$5,575$3,342$1,948$1,111$231
42 years$8,657$5,309$3,135$1,798$1,009$200
43 years$8,361$5,059$2,942$1,659$915$173
44 years$8,079$4,822$2,762$1,532$831$150
45 years$7,811$4,598$2,593$1,415$754$130
46 years$7,555$4,387$2,435$1,307$685$112
47 years$7,310$4,186$2,288$1,208$622$97
48 years$7,076$3,996$2,150$1,116$565$84
49 years$6,853$3,816$2,021$1,031$513$73
50 years$6,639$3,645$1,900$953$466$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $6,800,000, adding $2,301 every year, while hoping to spend $53,591 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: 48/31/21 Blend
44$6,800,000$6,800,000$6,800,000$6,800,000
45$7,495,973$7,135,573$7,030,173$7,811,112
46$8,203,542$7,428,196$7,208,664$8,323,512
47$8,981,487$7,733,361$7,391,338$8,874,025
48$9,836,930$8,051,627$7,578,278$9,470,721
49$10,777,716$8,383,576$7,769,570$10,117,959
50$11,812,491$8,729,820$7,965,299$10,820,529
51$12,950,781$9,090,996$8,165,552$11,583,696
52$14,203,078$9,467,772$8,370,415$12,413,247
53$15,580,946$9,860,847$8,579,978$13,315,545
54$17,097,125$10,270,951$8,794,330$14,297,585
55$18,765,652$10,698,848$9,013,560$15,367,061
56$20,601,994$11,145,338$9,237,761$16,532,435
57$22,623,194$11,611,256$9,467,022$17,803,014
58$24,848,031$12,097,478$9,701,438$19,189,034
59$27,297,194$12,604,919$9,941,100$20,701,759
60$29,993,484$13,134,536$10,186,104$22,353,580
61$32,962,023$13,687,332$10,436,542$24,158,133
62$36,230,493$14,264,354$10,692,509$26,130,423
63$39,829,397$14,866,701$10,954,102$28,286,961
64$43,792,345$15,495,520$11,221,414$30,645,920
65$48,156,376$16,152,011$11,494,543$33,227,304
66$52,962,299$16,837,433$11,773,583$36,053,130
67$58,255,087$17,553,101$12,058,632$39,147,634
68$64,084,295$18,300,391$12,349,785$42,537,499
69$70,504,528$19,080,745$12,647,137$46,252,097
70$77,575,959$19,895,671$12,950,786$50,323,771
71$85,364,895$20,746,748$13,260,826$54,788,127
72$93,944,403$21,635,627$13,577,352$59,684,373
73$103,394,998$22,564,038$13,900,458$65,055,681
74$113,805,403$23,533,792$14,230,240$70,949,593
75$125,273,390$24,546,783$14,566,788$77,418,461
76$137,906,696$25,604,996$14,910,196$84,519,941
77$151,824,045$26,710,507$15,260,553$92,317,527
78$167,156,266$27,865,490$15,617,950$100,881,149
79$184,047,527$29,072,221$15,982,474$110,287,828
80$202,656,700$30,333,084$16,354,211$120,622,391
81$223,158,851$31,650,574$16,733,246$131,978,275
82$245,746,905$33,027,303$17,119,660$144,458,393
83$270,633,453$34,466,005$17,513,533$158,176,109
84$298,052,772$35,969,545$17,914,943$173,256,290
85$328,263,024$37,540,922$18,323,963$189,836,489
86$361,548,701$39,183,276$18,740,664$208,068,225
87$398,223,307$40,899,895$19,165,115$228,118,414
88$438,632,317$42,694,223$19,597,379$250,170,934
89$483,156,438$44,569,864$20,037,516$274,428,349
90$532,215,204$46,530,597$20,485,582$301,113,815
91$586,270,933$48,580,375$20,941,627$330,473,179
92$645,833,095$50,723,340$21,405,698$362,777,287
93$711,463,117$52,963,829$21,877,835$398,324,531
94$783,779,685$55,306,387$22,358,073$437,443,657
95$863,464,584$57,755,771$22,846,439$480,496,855
96$951,269,132$60,316,965$23,342,956$527,883,170
97$1,048,021,277$62,995,189$23,847,638$580,042,252
98$1,154,633,404$65,795,911$24,360,492$637,458,499
99$1,272,110,959$68,724,858$24,881,515$700,665,612
100$1,401,561,930$71,788,029$25,410,699$770,251,624