Can I retire at age 45 with 7,100,000?

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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$586,311$581,089$575,993$571,020$566,164$562,125
2 years$290,253$284,847$279,608$274,529$269,602$265,529
3 years$191,580$186,151$180,925$175,893$171,047$167,066
4 years$142,253$136,841$131,667$126,721$121,992$118,134
5 years$112,665$107,285$102,179$97,334$92,736$89,013
6 years$92,945$87,606$82,576$77,839$73,379$69,795
7 years$78,866$73,571$68,621$63,996$59,677$56,233
8 years$68,311$63,064$58,196$53,684$49,508$46,205
9 years$60,106$54,909$50,124$45,727$41,693$38,530
10 years$53,546$48,399$43,699$39,417$35,524$32,500
11 years$48,182$43,087$38,472$34,305$30,552$27,664
12 years$43,715$38,673$34,143$30,090$26,476$23,721
13 years$39,939$34,949$30,505$26,565$23,087$20,463
14 years$36,704$31,768$27,409$23,581$20,238$17,742
15 years$33,904$29,020$24,746$21,030$17,819$15,447
16 years$31,456$26,625$22,436$18,830$15,749$13,497
17 years$29,298$24,521$20,416$16,919$13,964$11,829
18 years$27,382$22,659$18,637$15,247$12,416$10,394
19 years$25,670$21,000$17,061$13,777$11,067$9,154
20 years$24,131$19,514$15,658$12,478$9,885$8,077
21 years$22,740$18,177$14,402$11,325$8,846$7,139
22 years$21,477$16,967$13,274$10,297$7,929$6,320
23 years$20,326$15,869$12,256$9,377$7,118$5,601
24 years$19,273$14,868$11,335$8,553$6,398$4,970
25 years$18,305$13,953$10,498$7,811$5,757$4,415
26 years$17,413$13,114$9,737$7,142$5,186$3,925
27 years$16,589$12,341$9,041$6,537$4,675$3,492
28 years$15,824$11,629$8,405$5,989$4,218$3,109
29 years$15,114$10,971$7,822$5,492$3,809$2,769
30 years$14,453$10,361$7,286$5,041$3,442$2,468
31 years$13,835$9,794$6,792$4,629$3,112$2,201
32 years$13,257$9,268$6,337$4,255$2,815$1,964
33 years$12,715$8,777$5,917$3,912$2,547$1,753
34 years$12,206$8,318$5,529$3,600$2,306$1,565
35 years$11,728$7,890$5,169$3,314$2,089$1,397
36 years$11,276$7,488$4,835$3,052$1,893$1,248
37 years$10,851$7,112$4,526$2,812$1,715$1,115
38 years$10,448$6,759$4,238$2,592$1,555$997
39 years$10,068$6,427$3,971$2,390$1,410$891
40 years$9,707$6,115$3,722$2,204$1,279$796
41 years$9,364$5,821$3,490$2,034$1,161$712
42 years$9,039$5,544$3,274$1,877$1,053$637
43 years$8,730$5,282$3,072$1,733$956$569
44 years$8,436$5,035$2,883$1,600$867$509
45 years$8,155$4,801$2,707$1,477$788$456
46 years$7,888$4,580$2,543$1,365$715$408
47 years$7,633$4,371$2,389$1,261$649$365
48 years$7,389$4,173$2,245$1,165$590$326
49 years$7,155$3,985$2,110$1,077$536$292
50 years$6,932$3,806$1,984$995$486$261

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $7,100,000, adding $2,927 every year, while hoping to spend $48,724 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: 47/28/25 Blend
44$7,100,000$7,100,000$7,100,000$7,100,000
45$7,827,219$7,450,919$7,340,869$8,139,000
46$8,573,754$7,764,172$7,534,946$8,671,655
47$9,394,801$8,091,142$7,733,892$9,244,463
48$10,297,912$8,432,448$7,937,818$9,865,276
49$11,291,402$8,788,741$8,146,838$10,538,622
50$12,384,436$9,160,700$8,361,068$11,269,477
51$13,587,110$9,549,037$8,580,626$12,063,310
52$14,910,550$9,954,495$8,805,632$12,926,133
53$16,367,015$10,377,853$9,036,209$13,864,556
54$17,970,009$10,819,927$9,272,481$14,885,846
55$19,734,417$11,281,570$9,514,575$15,997,994
56$21,676,634$11,763,674$9,762,621$17,209,790
57$23,814,732$12,267,175$10,016,749$18,530,901
58$26,168,618$12,793,050$10,277,094$19,971,961
59$28,760,232$13,342,324$10,543,791$21,544,667
60$31,613,746$13,916,068$10,816,978$23,261,892
61$34,755,797$14,515,405$11,096,796$25,137,798
62$38,215,738$15,141,509$11,383,388$27,187,969
63$42,025,910$15,795,609$11,676,899$29,429,556
64$46,221,953$16,478,994$11,977,475$31,881,434
65$50,843,138$17,193,011$12,285,267$34,564,377
66$55,932,740$17,939,071$12,600,425$37,501,254
67$61,538,446$18,718,652$12,923,106$40,717,236
68$67,712,801$19,533,299$13,253,463$44,240,036
69$74,513,710$20,384,634$13,591,657$48,100,159
70$82,004,978$21,274,351$13,937,848$52,331,195
71$90,256,919$22,204,227$14,292,199$56,970,125
72$99,347,011$23,176,121$14,654,874$62,057,667
73$109,360,636$24,191,981$15,026,042$67,638,658
74$120,391,877$25,253,844$15,405,871$73,762,472
75$132,544,414$26,363,847$15,794,532$80,483,480
76$145,932,494$27,524,227$16,192,200$87,861,558
77$160,682,019$28,737,324$16,599,048$95,962,647
78$176,931,724$30,005,591$17,015,256$104,859,371
79$194,834,493$31,331,599$17,441,000$114,631,716
80$214,558,800$32,718,036$17,876,462$125,367,779
81$236,290,299$34,167,721$18,321,825$137,164,592
82$260,233,576$35,683,606$18,777,272$150,129,034
83$286,614,079$37,268,781$19,242,990$164,378,828
84$315,680,249$38,926,485$19,719,164$180,043,653
85$347,705,862$40,660,110$20,205,983$197,266,353
86$382,992,613$42,473,209$20,703,637$216,204,281
87$421,872,967$44,369,504$21,212,316$237,030,776
88$464,713,293$46,352,892$21,732,212$259,936,792
89$511,917,324$48,427,460$22,263,517$285,132,686
90$563,929,970$50,597,484$22,806,423$312,850,203
91$621,241,514$52,867,447$23,361,125$343,344,646
92$684,392,241$55,242,046$23,927,816$376,897,282
93$753,977,542$57,726,198$24,506,690$413,817,980
94$830,653,528$60,325,059$25,097,941$454,448,134
95$915,143,229$63,044,027$25,701,763$499,163,864
96$1,008,243,415$65,888,761$26,318,348$548,379,563
97$1,110,832,120$68,865,188$26,947,890$602,551,790
98$1,223,876,932$71,979,517$27,590,580$662,183,571
99$1,348,444,122$75,238,257$28,246,607$727,829,134
100$1,485,708,716$78,648,224$28,916,162$800,099,121