Can I retire at age 45 with 7,300,000?

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 $7,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$602,827$597,458$592,219$587,105$582,112$563,704
2 years$298,429$292,871$287,485$282,262$277,196$258,817
3 years$196,977$191,395$186,022$180,848$175,865$158,091
4 years$146,260$140,695$135,376$130,291$125,428$108,397
5 years$115,838$110,307$105,057$100,076$95,349$79,105
6 years$95,564$90,074$84,902$80,031$75,446$60,004
7 years$81,087$75,644$70,554$65,798$61,358$46,716
8 years$70,235$64,841$59,835$55,197$50,902$37,050
9 years$61,799$56,456$51,536$47,015$42,867$29,790
10 years$55,054$49,763$44,930$40,528$36,525$24,203
11 years$49,539$44,301$39,556$35,271$31,413$19,823
12 years$44,947$39,762$35,105$30,938$27,221$16,340
13 years$41,064$35,933$31,364$27,313$23,738$13,538
14 years$37,738$32,662$28,181$24,246$20,808$11,263
15 years$34,859$29,838$25,443$21,623$18,321$9,401
16 years$32,342$27,376$23,068$19,361$16,192$7,869
17 years$30,123$25,212$20,991$17,396$14,357$6,602
18 years$28,153$23,297$19,162$15,677$12,766$5,549
19 years$26,393$21,591$17,542$14,165$11,378$4,672
20 years$24,810$20,064$16,099$12,830$10,163$3,938
21 years$23,381$18,689$14,808$11,644$9,095$3,323
22 years$22,082$17,445$13,648$10,587$8,153$2,807
23 years$20,899$16,316$12,602$9,642$7,318$2,373
24 years$19,816$15,287$11,654$8,794$6,578$2,007
25 years$18,821$14,346$10,794$8,031$5,919$1,699
26 years$17,904$13,483$10,011$7,343$5,332$1,438
27 years$17,056$12,689$9,296$6,721$4,807$1,218
28 years$16,270$11,957$8,642$6,158$4,337$1,032
29 years$15,540$11,280$8,042$5,647$3,916$875
30 years$14,860$10,653$7,491$5,183$3,539$742
31 years$14,225$10,070$6,984$4,760$3,199$629
32 years$13,630$9,529$6,516$4,374$2,894$533
33 years$13,073$9,024$6,084$4,023$2,619$453
34 years$12,550$8,552$5,684$3,701$2,371$384
35 years$12,058$8,112$5,314$3,407$2,148$326
36 years$11,594$7,699$4,972$3,138$1,946$276
37 years$11,156$7,313$4,653$2,891$1,764$234
38 years$10,743$6,950$4,358$2,665$1,599$199
39 years$10,351$6,608$4,083$2,457$1,450$169
40 years$9,980$6,287$3,827$2,266$1,315$143
41 years$9,628$5,985$3,588$2,091$1,193$122
42 years$9,294$5,700$3,366$1,930$1,083$103
43 years$8,976$5,431$3,158$1,781$983$88
44 years$8,673$5,177$2,965$1,645$892$74
45 years$8,385$4,936$2,784$1,519$810$63
46 years$8,110$4,709$2,615$1,403$735$54
47 years$7,848$4,494$2,456$1,296$668$45
48 years$7,597$4,290$2,308$1,198$606$39
49 years$7,357$4,097$2,170$1,107$551$33
50 years$7,127$3,913$2,040$1,023$500$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $7,300,000, adding $2,287 every year, while hoping to spend $33,721 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: 75/11/14 Blend
44$7,300,000$7,300,000$7,300,000$7,300,000
45$8,046,959$7,660,059$7,546,909$8,626,464
46$8,831,870$7,999,523$7,763,852$9,349,064
47$9,695,712$8,354,491$7,986,932$10,136,364
48$10,646,499$8,725,686$8,216,319$10,998,313
49$11,693,065$9,113,867$8,452,188$11,942,324
50$12,845,140$9,519,829$8,694,719$12,976,557
51$14,113,447$9,944,403$8,944,095$14,109,997
52$15,509,802$10,388,462$9,200,505$15,352,538
53$17,047,223$10,852,918$9,464,143$16,715,075
54$18,740,057$11,338,729$9,735,210$18,209,602
55$20,604,112$11,846,896$10,013,908$19,849,331
56$22,656,806$12,378,468$10,300,449$21,648,810
57$24,917,335$12,934,547$10,595,048$23,624,061
58$27,406,847$13,516,284$10,897,926$25,792,731
59$30,148,649$14,124,886$11,209,311$28,174,254
60$33,168,425$14,761,619$11,529,436$30,790,036
61$36,494,472$15,427,806$11,858,540$33,663,655
62$40,157,977$16,124,837$12,196,870$36,821,080
63$44,193,303$16,854,167$12,544,678$40,290,920
64$48,638,317$17,617,318$12,902,222$44,104,683
65$53,534,748$18,415,889$13,269,769$48,297,081
66$58,928,577$19,251,553$13,647,591$52,906,352
67$64,870,476$20,126,062$14,035,969$57,974,617
68$71,416,280$21,041,255$14,435,189$63,548,279
69$78,627,520$21,999,057$14,845,548$69,678,458
70$86,572,001$23,001,484$15,267,347$76,421,471
71$95,324,439$24,050,651$15,700,897$83,839,361
72$104,967,172$25,148,773$16,146,518$92,000,482
73$115,590,932$26,298,171$16,604,535$100,980,138
74$127,295,705$27,501,279$17,075,284$110,861,299
75$140,191,672$28,760,647$17,559,111$121,735,371
76$154,400,248$30,078,945$18,056,367$133,703,067
77$170,055,234$31,458,973$18,567,416$146,875,346
78$187,304,073$32,903,668$19,092,630$161,374,464
79$206,309,244$34,416,103$19,632,388$177,335,119
80$227,249,798$35,999,503$20,187,084$194,905,726
81$250,323,043$37,657,245$20,757,117$214,249,810
82$275,746,414$39,392,870$21,342,901$235,547,546
83$303,759,516$41,210,089$21,944,856$258,997,460
84$334,626,394$43,112,791$22,563,417$284,818,295
85$368,638,022$45,105,053$23,199,026$313,251,077
86$406,115,047$47,191,147$23,852,140$344,561,379
87$447,410,821$49,375,552$24,523,226$379,041,833
88$492,914,732$51,662,962$25,212,763$417,014,878
89$543,055,886$54,058,298$25,921,241$458,835,809
90$598,307,148$56,566,717$26,649,164$504,896,118
91$659,189,615$59,193,624$27,397,049$555,627,190
92$726,277,531$61,944,686$28,165,425$611,504,369
93$800,203,707$64,825,844$28,954,835$673,051,438
94$881,665,498$67,843,323$29,765,835$740,845,559
95$971,431,383$71,003,651$30,598,995$815,522,717
96$1,070,348,223$74,313,668$31,454,900$897,783,716
97$1,179,349,252$77,780,548$32,334,150$988,400,790
98$1,299,462,890$81,411,809$33,237,357$1,088,224,884
99$1,431,822,449$85,215,332$34,165,153$1,198,193,681
100$1,577,676,835$89,199,380$35,118,182$1,319,340,451