Can I retire at age 45 with 7,400,000?

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 $7,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$611,085$605,642$600,331$595,148$590,086$581,989
2 years$302,517$296,883$291,423$286,129$280,994$272,850
3 years$199,675$194,016$188,570$183,325$178,274$170,337
4 years$148,264$142,623$137,231$132,076$127,146$119,478
5 years$117,425$111,818$106,497$101,447$96,655$89,276
6 years$96,873$91,308$86,065$81,128$76,480$69,400
7 years$82,198$76,680$71,520$66,700$62,198$55,421
8 years$71,197$65,729$60,655$55,953$51,600$45,122
9 years$62,646$57,229$52,242$47,659$43,454$37,275
10 years$55,808$50,444$45,546$41,083$37,025$31,139
11 years$50,218$44,908$40,098$35,754$31,843$26,244
12 years$45,562$40,307$35,586$31,361$27,594$22,277
13 years$41,626$36,426$31,794$27,687$24,063$19,019
14 years$38,255$33,110$28,567$24,578$21,093$16,316
15 years$35,336$30,246$25,792$21,919$18,572$14,053
16 years$32,785$27,751$23,384$19,626$16,414$12,145
17 years$30,536$25,557$21,279$17,634$14,554$10,525
18 years$28,539$23,616$19,425$15,892$12,941$9,144
19 years$26,754$21,887$17,782$14,360$11,534$7,960
20 years$25,150$20,339$16,320$13,005$10,303$6,942
21 years$23,701$18,945$15,011$11,803$9,220$6,063
22 years$22,385$17,684$13,835$10,732$8,264$5,303
23 years$21,185$16,540$12,774$9,774$7,418$4,643
24 years$20,087$15,496$11,814$8,914$6,668$4,069
25 years$19,078$14,543$10,942$8,141$6,000$3,569
26 years$18,149$13,668$10,148$7,444$5,405$3,133
27 years$17,289$12,863$9,423$6,813$4,873$2,753
28 years$16,493$12,121$8,760$6,242$4,397$2,419
29 years$15,753$11,434$8,152$5,724$3,970$2,128
30 years$15,063$10,799$7,594$5,254$3,587$1,872
31 years$14,419$10,208$7,079$4,825$3,243$1,647
32 years$13,817$9,659$6,605$4,434$2,934$1,450
33 years$13,252$9,147$6,167$4,078$2,655$1,277
34 years$12,722$8,670$5,762$3,752$2,404$1,125
35 years$12,223$8,223$5,387$3,454$2,177$991
36 years$11,753$7,805$5,040$3,181$1,973$874
37 years$11,309$7,413$4,717$2,931$1,788$770
38 years$10,890$7,045$4,417$2,701$1,621$679
39 years$10,493$6,699$4,139$2,491$1,470$599
40 years$10,117$6,373$3,879$2,297$1,333$528
41 years$9,760$6,067$3,637$2,120$1,210$466
42 years$9,421$5,778$3,412$1,956$1,098$411
43 years$9,099$5,505$3,202$1,806$996$362
44 years$8,792$5,248$3,005$1,667$904$319
45 years$8,500$5,004$2,822$1,540$821$282
46 years$8,221$4,774$2,650$1,422$745$249
47 years$7,955$4,556$2,490$1,314$677$219
48 years$7,701$4,349$2,340$1,214$615$194
49 years$7,458$4,153$2,199$1,122$558$171
50 years$7,225$3,967$2,068$1,037$507$151

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $7,400,000, adding $2,881 every year, while hoping to spend $29,276 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: 41/47/12 Blend
44$7,400,000$7,400,000$7,400,000$7,400,000
45$8,157,772$7,765,572$7,650,872$8,463,161
46$8,958,715$8,114,935$7,876,027$9,027,563
47$9,840,373$8,480,437$8,107,743$9,634,922
48$10,810,949$8,862,835$8,346,209$10,291,626
49$11,879,479$9,262,927$8,591,621$11,002,174
50$13,055,922$9,681,547$8,844,176$11,771,503
51$14,351,251$10,119,568$9,104,082$12,605,027
52$15,777,559$10,577,907$9,371,548$13,508,686
53$17,348,168$11,057,522$9,646,793$14,489,000
54$19,077,760$11,559,420$9,930,039$15,553,127
55$20,982,512$12,084,653$10,221,517$16,708,923
56$23,080,253$12,634,325$10,521,462$17,965,018
57$25,390,624$13,209,593$10,830,117$19,330,886
58$27,935,274$13,811,669$11,147,732$20,816,937
59$30,738,055$14,441,823$11,474,563$22,434,606
60$33,825,250$15,101,386$11,810,875$24,196,457
61$37,225,825$15,791,753$12,156,938$26,116,300
62$40,971,696$16,514,386$12,513,033$28,209,309
63$45,098,034$17,270,816$12,879,444$30,492,167
64$49,643,596$18,062,649$13,256,468$32,983,213
65$54,651,091$18,891,566$13,644,408$35,702,611
66$60,167,581$19,759,332$14,043,575$38,672,533
67$66,244,929$20,667,794$14,454,289$41,917,362
68$72,940,284$21,618,889$14,876,881$45,463,915
69$80,316,625$22,614,646$15,311,688$49,341,690
70$88,443,349$23,657,192$15,759,058$53,583,134
71$97,396,935$24,748,758$16,219,350$58,223,945
72$107,261,655$25,891,680$16,692,931$63,303,398
73$118,130,379$27,088,408$17,180,180$68,864,708
74$130,105,446$28,341,509$17,681,484$74,955,427
75$143,299,632$29,653,673$18,197,244$81,627,885
76$157,837,212$31,027,721$18,727,870$88,939,676
77$173,855,138$32,466,609$19,273,784$96,954,186
78$191,504,326$33,973,437$19,835,420$105,741,185
79$210,951,084$35,551,452$20,413,223$115,377,469
80$232,378,681$37,204,060$21,007,652$125,947,580
81$255,989,076$38,934,828$21,619,178$137,544,585
82$282,004,827$40,747,500$22,248,285$150,270,945
83$310,671,187$42,645,995$22,895,471$164,239,465
84$342,258,424$44,634,425$23,561,246$179,574,349
85$377,064,372$46,717,100$24,246,135$196,412,353
86$415,417,237$48,898,537$24,950,680$214,904,062
87$457,678,701$51,183,472$25,675,434$235,215,296
88$504,247,336$53,576,869$26,420,968$257,528,655
89$555,562,361$56,083,933$27,187,868$282,045,227
90$612,107,796$58,710,119$27,976,736$308,986,466
91$674,417,025$61,461,149$28,788,189$338,596,263
92$743,077,833$64,343,016$29,622,865$371,143,226
93$818,737,957$67,362,009$30,481,417$406,923,196
94$902,111,199$70,524,718$31,364,514$446,262,017
95$993,984,163$73,838,051$32,272,848$489,518,583
96$1,095,223,685$77,309,253$33,207,125$537,088,208
97$1,206,785,012$80,945,917$34,168,075$589,406,327
98$1,329,720,822$84,756,006$35,156,444$646,952,580
99$1,465,191,163$88,747,868$36,173,002$710,255,309
100$1,614,474,401$92,930,253$37,218,537$779,896,520