Can I retire at age 45 with 6,900,000?

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 $6,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$569,796$564,720$559,768$554,935$550,216$538,886
2 years$282,077$276,824$271,732$266,796$262,007$250,645
3 years$186,183$180,907$175,829$170,939$166,228$155,187
4 years$138,246$132,986$127,958$123,152$118,555$107,920
5 years$109,491$104,263$99,301$94,592$90,124$79,925
6 years$90,327$85,138$80,250$75,646$71,312$61,561
7 years$76,644$71,499$66,688$62,193$57,996$48,694
8 years$66,387$61,288$56,557$52,172$48,113$39,258
9 years$58,413$53,362$48,712$44,439$40,518$32,104
10 years$52,037$47,036$42,468$38,307$34,524$26,541
11 years$46,825$41,873$37,389$33,338$29,691$22,132
12 years$42,484$37,583$33,181$29,242$25,730$18,581
13 years$38,814$33,964$29,645$25,817$22,437$15,687
14 years$35,670$30,873$26,637$22,917$19,668$13,304
15 years$32,949$28,203$24,049$20,438$17,317$11,326
16 years$30,570$25,875$21,804$18,300$15,305$9,672
17 years$28,473$23,830$19,841$16,442$13,571$8,281
18 years$26,611$22,020$18,112$14,818$12,066$7,106
19 years$24,947$20,408$16,581$13,389$10,755$6,109
20 years$23,451$18,964$15,217$12,127$9,607$5,260
21 years$22,099$17,665$13,997$11,006$8,597$4,536
22 years$20,872$16,489$12,900$10,007$7,706$3,915
23 years$19,754$15,422$11,911$9,113$6,917$3,383
24 years$18,730$14,449$11,016$8,312$6,217$2,926
25 years$17,789$13,560$10,203$7,591$5,595$2,532
26 years$16,922$12,744$9,463$6,941$5,039$2,193
27 years$16,121$11,994$8,787$6,353$4,543$1,900
28 years$15,379$11,302$8,168$5,821$4,100$1,647
29 years$14,688$10,662$7,601$5,338$3,702$1,429
30 years$14,045$10,069$7,080$4,899$3,345$1,240
31 years$13,445$9,519$6,601$4,499$3,024$1,076
32 years$12,883$9,006$6,159$4,135$2,736$934
33 years$12,357$8,529$5,750$3,802$2,476$811
34 years$11,862$8,084$5,373$3,498$2,241$704
35 years$11,397$7,667$5,023$3,220$2,030$612
36 years$10,959$7,277$4,699$2,966$1,839$531
37 years$10,545$6,912$4,398$2,733$1,667$462
38 years$10,154$6,569$4,119$2,519$1,511$401
39 years$9,784$6,246$3,859$2,322$1,371$349
40 years$9,433$5,943$3,617$2,142$1,243$303
41 years$9,101$5,657$3,392$1,976$1,128$263
42 years$8,785$5,388$3,181$1,824$1,023$229
43 years$8,484$5,133$2,985$1,684$929$199
44 years$8,198$4,893$2,802$1,555$843$173
45 years$7,926$4,666$2,631$1,436$765$150
46 years$7,666$4,451$2,471$1,326$695$131
47 years$7,418$4,248$2,322$1,225$631$114
48 years$7,180$4,055$2,182$1,132$573$99
49 years$6,954$3,872$2,051$1,046$520$86
50 years$6,737$3,699$1,928$967$473$75

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $6,900,000, adding $4,324 every year, while hoping to spend $40,482 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: 50/20/30 Blend
44$6,900,000$6,900,000$6,900,000$6,900,000
45$7,608,260$7,242,560$7,135,610$7,923,720
46$8,341,230$7,554,373$7,331,581$8,457,134
47$9,147,606$7,880,108$7,532,759$9,032,258
48$10,034,833$8,220,405$7,739,278$9,656,644
49$11,011,114$8,575,932$7,951,271$10,334,995
50$12,085,486$8,947,391$8,168,877$11,072,481
51$13,267,908$9,335,516$8,392,237$11,874,785
52$14,569,353$9,741,074$8,621,495$12,748,161
53$16,001,911$10,164,871$8,856,799$13,699,485
54$17,578,904$10,607,747$9,098,300$14,736,320
55$19,315,011$11,070,586$9,346,152$15,866,989
56$21,226,408$11,554,310$9,600,514$17,100,646
57$23,330,917$12,059,887$9,861,546$18,447,364
58$25,648,177$12,588,328$10,129,415$19,918,230
59$28,199,830$13,140,695$10,404,289$21,525,441
60$31,009,720$13,718,097$10,686,341$23,282,424
61$34,104,125$14,321,697$10,975,747$25,203,955
62$37,511,999$14,952,713$11,272,687$27,306,300
63$41,265,247$15,612,421$11,577,347$29,607,364
64$45,399,028$16,302,155$11,889,914$32,126,858
65$49,952,084$17,023,315$12,210,580$34,886,481
66$54,967,105$17,777,367$12,539,543$37,910,126
67$60,491,136$18,565,843$12,877,004$41,224,098
68$66,576,015$19,390,353$13,223,167$44,857,361
69$73,278,868$20,252,580$13,578,242$48,841,809
70$80,662,643$21,154,287$13,942,444$53,212,564
71$88,796,706$22,097,321$14,315,990$58,008,302
72$97,757,499$23,083,618$14,699,104$63,271,617
73$107,629,253$24,115,204$15,092,013$69,049,417
74$118,504,791$25,194,204$15,494,950$75,393,366
75$130,486,401$26,322,841$15,908,153$82,360,364
76$143,686,801$27,503,447$16,331,862$90,013,082
77$158,230,200$28,738,462$16,766,325$98,420,550
78$174,253,478$30,030,444$17,211,795$107,658,803
79$191,907,470$31,382,073$17,668,527$117,811,594
80$211,358,393$32,796,156$18,136,784$128,971,178
81$232,789,416$34,275,634$18,616,833$141,239,181
82$256,402,386$35,823,589$19,108,946$154,727,553
83$282,419,735$37,443,251$19,613,401$169,559,617
84$311,086,579$39,138,001$20,130,481$185,871,230
85$342,673,032$40,911,385$20,660,475$203,812,059
86$377,476,756$42,767,118$21,203,675$223,546,985
87$415,825,768$44,709,090$21,760,381$245,257,655
88$458,081,540$46,741,379$22,330,898$269,144,192
89$504,642,410$48,868,259$22,915,536$295,427,071
90$555,947,341$51,094,208$23,514,611$324,349,200
91$612,480,063$53,423,918$24,128,444$356,178,198
92$674,773,645$55,862,306$24,757,362$391,208,919
93$743,415,521$58,414,523$25,401,698$429,766,225
94$819,053,040$61,085,971$26,061,791$472,208,043
95$902,399,575$63,882,308$26,737,985$518,928,735
96$994,241,254$66,809,463$27,430,630$570,362,811
97$1,095,444,387$69,873,652$28,140,082$626,989,023
98$1,206,963,641$73,081,388$28,866,702$689,334,871
99$1,329,851,054$76,439,497$29,610,857$757,981,574
100$1,465,265,961$79,955,132$30,372,921$833,569,544