Can I retire at age 45 with 7,200,000?

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 $7,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$594,569$589,273$584,106$579,063$574,138$570,281
2 years$294,341$288,859$283,547$278,396$273,399$269,509
3 years$194,278$188,773$183,473$178,371$173,456$169,653
4 years$144,257$138,768$133,522$128,506$123,710$120,024
5 years$114,251$108,796$103,618$98,705$94,042$90,484
6 years$94,255$88,840$83,739$78,935$74,413$70,987
7 years$79,977$74,608$69,587$64,897$60,517$57,225
8 years$69,273$63,953$59,016$54,440$50,205$47,047
9 years$60,953$55,682$50,830$46,371$42,280$39,255
10 years$54,300$49,081$44,315$39,972$36,025$33,131
11 years$48,860$43,694$39,014$34,788$30,982$28,218
12 years$44,331$39,217$34,624$30,514$26,849$24,212
13 years$40,501$35,441$30,934$26,939$23,413$20,900
14 years$37,221$32,215$27,795$23,913$20,523$18,132
15 years$34,381$29,429$25,095$21,327$18,070$15,797
16 years$31,899$27,000$22,752$19,096$15,971$13,813
17 years$29,711$24,866$20,704$17,157$14,161$12,114
18 years$27,768$22,978$18,900$15,462$12,591$10,652
19 years$26,031$21,296$17,302$13,971$11,223$9,388
20 years$24,471$19,789$15,879$12,654$10,024$8,290
21 years$23,060$18,433$14,605$11,484$8,971$7,332
22 years$21,780$17,206$13,461$10,442$8,041$6,495
23 years$20,613$16,092$12,429$9,509$7,218$5,762
24 years$19,544$15,078$11,495$8,673$6,488$5,116
25 years$18,563$14,150$10,646$7,921$5,838$4,548
26 years$17,658$13,298$9,874$7,242$5,259$4,046
27 years$16,822$12,515$9,169$6,629$4,741$3,603
28 years$16,047$11,793$8,524$6,074$4,278$3,210
29 years$15,327$11,125$7,932$5,570$3,863$2,862
30 years$14,656$10,507$7,388$5,112$3,490$2,553
31 years$14,030$9,932$6,888$4,695$3,156$2,279
32 years$13,444$9,398$6,427$4,314$2,854$2,034
33 years$12,894$8,900$6,000$3,968$2,583$1,817
34 years$12,378$8,435$5,606$3,650$2,339$1,624
35 years$11,893$8,001$5,242$3,360$2,118$1,451
36 years$11,435$7,594$4,903$3,095$1,919$1,297
37 years$11,004$7,212$4,590$2,852$1,740$1,160
38 years$10,596$6,854$4,298$2,628$1,577$1,038
39 years$10,209$6,518$4,027$2,423$1,430$928
40 years$9,844$6,201$3,774$2,235$1,297$831
41 years$9,496$5,903$3,539$2,062$1,177$743
42 years$9,167$5,622$3,320$1,903$1,068$665
43 years$8,853$5,356$3,115$1,757$969$595
44 years$8,555$5,106$2,924$1,622$880$533
45 years$8,270$4,869$2,746$1,498$799$477
46 years$7,999$4,645$2,579$1,384$725$427
47 years$7,740$4,432$2,423$1,279$658$383
48 years$7,493$4,231$2,277$1,181$598$343
49 years$7,256$4,041$2,140$1,092$543$307
50 years$7,030$3,860$2,012$1,009$493$275

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $7,200,000, adding $6,242 every year, while hoping to spend $37,696 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: 67/25/8 Blend
44$7,200,000$7,200,000$7,200,000$7,200,000
45$7,940,839$7,559,239$7,447,639$8,460,684
46$8,710,696$7,889,533$7,657,026$9,136,908
47$9,557,815$8,234,749$7,872,165$9,870,796
48$10,490,038$8,595,576$8,093,208$10,672,104
49$11,516,002$8,972,740$8,320,311$11,547,415
50$12,645,229$9,366,999$8,553,636$12,503,969
51$13,888,206$9,779,146$8,793,346$13,549,733
52$15,256,492$10,210,013$9,039,612$14,693,472
53$16,762,821$10,660,470$9,292,606$15,944,832
54$18,421,226$11,131,430$9,552,505$17,314,427
55$20,247,168$11,623,848$9,819,492$18,813,939
56$22,257,687$12,138,725$10,093,753$20,456,227
57$24,471,556$12,677,107$10,375,479$22,255,442
58$26,909,463$13,240,093$10,664,865$24,227,164
59$29,594,203$13,828,832$10,962,113$26,388,541
60$32,550,896$14,444,529$11,267,428$28,758,453
61$35,807,221$15,088,445$11,581,020$31,357,685
62$39,393,679$15,761,900$11,903,106$34,209,122
63$43,343,881$16,466,280$12,233,907$37,337,961
64$47,694,863$17,203,034$12,573,649$40,771,947
65$52,487,437$17,973,681$12,922,564$44,541,630
66$57,766,576$18,779,812$13,280,891$48,680,654
67$63,581,839$19,623,094$13,648,872$53,226,066
68$69,987,834$20,505,274$14,026,757$58,218,666
69$77,044,742$21,428,181$14,414,802$63,703,387
70$84,818,876$22,393,732$14,813,269$69,729,717
71$93,383,312$23,403,936$15,222,424$76,352,159
72$102,818,577$24,460,896$15,642,543$83,630,744
73$113,213,410$25,566,818$16,073,905$91,631,594
74$124,665,597$26,724,011$16,516,800$100,427,537
75$137,282,896$27,934,895$16,971,521$110,098,794
76$151,184,053$29,202,008$17,438,369$120,733,733
77$166,499,926$30,528,005$17,917,654$132,429,691
78$183,374,713$31,915,672$18,409,690$145,293,894
79$201,967,319$33,367,926$18,914,800$159,444,459
80$222,452,856$34,887,824$19,433,316$175,011,507
81$245,024,291$36,478,571$19,965,576$192,138,383
82$269,894,272$38,143,524$20,511,926$210,983,002
83$297,297,131$39,886,201$21,072,719$231,719,334
84$327,491,103$41,710,289$21,648,319$254,539,040
85$360,760,754$43,619,651$22,239,096$279,653,272
86$397,419,674$45,618,338$22,845,430$307,294,659
87$437,813,436$47,710,591$23,467,707$337,719,496
88$482,322,856$49,900,860$24,106,324$371,210,155
89$531,367,588$52,193,803$24,761,687$408,077,740
90$585,410,089$54,594,307$25,434,211$448,665,016
91$644,959,980$57,107,489$26,124,319$493,349,634
92$710,578,859$59,738,717$26,832,444$542,547,689
93$782,885,602$62,493,613$27,559,030$596,717,633
94$862,562,205$65,378,072$28,304,529$656,364,595
95$950,360,223$68,398,271$29,069,404$722,045,137
96$1,047,107,864$71,560,684$29,854,127$794,372,495
97$1,153,717,807$74,872,099$30,659,182$874,022,358
98$1,271,195,821$78,339,630$31,485,062$961,739,229
99$1,400,650,254$81,970,731$32,332,271$1,058,343,447
100$1,543,302,502$85,773,219$33,201,324$1,164,738,908