Can I retire at age 45 with 7,900,000?

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 $7,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$652,375$646,564$640,894$635,360$629,957$619,266
2 years$322,958$316,943$311,114$305,462$299,980$289,242
3 years$213,166$207,126$201,311$195,712$190,319$179,869
4 years$158,282$152,259$146,503$141,000$135,737$125,654
5 years$125,359$119,373$113,692$108,301$103,185$93,499
6 years$103,418$97,477$91,880$86,609$81,647$72,369
7 years$87,752$81,861$76,353$71,206$66,401$57,533
8 years$76,008$70,170$64,753$59,733$55,086$46,627
9 years$66,878$61,096$55,772$50,879$46,390$38,335
10 years$59,579$53,853$48,623$43,859$39,527$31,869
11 years$53,611$47,942$42,807$38,170$33,994$26,725
12 years$48,641$43,030$37,990$33,480$29,459$22,569
13 years$44,439$38,887$33,942$29,558$25,689$19,168
14 years$40,840$35,347$30,497$26,238$22,519$16,355
15 years$37,724$32,290$27,535$23,400$19,827$14,010
16 years$35,000$29,626$24,964$20,952$17,523$12,040
17 years$32,599$27,284$22,716$18,825$15,537$10,375
18 years$30,467$25,212$20,737$16,965$13,815$8,962
19 years$28,562$23,366$18,984$15,330$12,314$7,756
20 years$26,850$21,713$17,422$13,884$10,999$6,724
21 years$25,302$20,225$16,025$12,601$9,843$5,837
22 years$23,897$18,879$14,770$11,457$8,823$5,074
23 years$22,617$17,657$13,637$10,434$7,920$4,415
24 years$21,444$16,544$12,612$9,516$7,118$3,846
25 years$20,367$15,525$11,681$8,691$6,405$3,352
26 years$19,375$14,591$10,834$7,947$5,770$2,924
27 years$18,458$13,732$10,060$7,274$5,202$2,552
28 years$17,607$12,940$9,352$6,664$4,694$2,229
29 years$16,817$12,207$8,703$6,111$4,238$1,947
30 years$16,081$11,528$8,107$5,609$3,830$1,702
31 years$15,394$10,898$7,558$5,151$3,462$1,488
32 years$14,751$10,312$7,051$4,734$3,132$1,301
33 years$14,148$9,765$6,584$4,353$2,834$1,138
34 years$13,582$9,255$6,152$4,005$2,566$996
35 years$13,049$8,779$5,751$3,687$2,324$872
36 years$12,547$8,332$5,380$3,396$2,106$763
37 years$12,073$7,914$5,036$3,129$1,909$668
38 years$11,626$7,521$4,716$2,884$1,730$585
39 years$11,202$7,152$4,418$2,659$1,569$512
40 years$10,801$6,804$4,141$2,453$1,423$449
41 years$10,420$6,477$3,883$2,263$1,291$393
42 years$10,058$6,168$3,642$2,088$1,172$344
43 years$9,714$5,877$3,418$1,928$1,063$302
44 years$9,386$5,602$3,208$1,780$965$264
45 years$9,074$5,342$3,013$1,644$876$231
46 years$8,777$5,096$2,829$1,518$796$203
47 years$8,493$4,863$2,658$1,403$722$178
48 years$8,221$4,643$2,498$1,296$656$156
49 years$7,962$4,434$2,348$1,198$596$136
50 years$7,713$4,235$2,207$1,107$541$120

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $7,900,000, adding $4,549 every year, while hoping to spend $40,828 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: 27/45/28 Blend
44$7,900,000$7,900,000$7,900,000$7,900,000
45$8,710,492$8,291,792$8,169,342$8,869,628
46$9,555,522$8,654,649$8,399,575$9,361,808
47$10,485,376$9,033,918$8,636,151$9,886,052
48$11,508,664$9,430,360$8,879,242$10,448,090
49$12,634,871$9,844,771$9,129,020$11,051,171
50$13,874,450$10,277,986$9,385,664$11,698,851
51$15,238,916$10,730,880$9,649,356$12,395,021
52$16,740,960$11,204,368$9,920,284$13,143,945
53$18,394,564$11,699,408$10,198,640$13,950,290
54$20,215,136$12,217,006$10,484,621$14,819,172
55$22,219,653$12,758,212$10,778,428$15,756,197
56$24,426,821$13,324,127$11,080,269$16,767,512
57$26,857,254$13,915,907$11,390,356$17,859,856
58$29,533,667$14,534,760$11,708,906$19,040,620
59$32,481,089$15,181,950$12,036,141$20,317,915
60$35,727,099$15,858,806$12,372,292$21,700,639
61$39,302,091$16,566,714$12,717,591$23,198,557
62$43,239,552$17,307,132$13,072,278$24,822,391
63$47,576,387$18,081,582$13,436,600$26,583,913
64$52,353,261$18,891,662$13,810,809$28,496,047
65$57,614,985$19,739,044$14,195,162$30,572,992
66$63,410,937$20,625,481$14,589,924$32,830,344
67$69,795,533$21,552,810$14,995,366$35,285,239
68$76,828,732$22,522,953$15,411,766$37,956,506
69$84,576,611$23,537,925$15,839,408$40,864,838
70$93,111,981$24,599,839$16,278,584$44,032,982
71$102,515,078$25,710,906$16,729,591$47,485,941
72$112,874,319$26,873,444$17,192,736$51,251,206
73$124,287,139$28,089,882$17,668,332$55,359,004
74$136,860,904$29,362,763$18,156,698$59,842,576
75$150,713,933$30,694,755$18,658,164$64,738,479
76$165,976,607$32,088,651$19,173,066$70,086,924
77$182,792,604$33,547,378$19,701,746$75,932,142
78$201,320,254$35,074,004$20,244,559$82,322,793
79$221,734,032$36,671,742$20,801,864$89,312,412
80$244,226,208$38,343,962$21,374,031$96,959,904
81$269,008,658$40,094,193$21,961,438$105,330,086
82$296,314,866$41,926,134$22,564,471$114,494,287
83$326,402,128$43,843,660$23,183,527$124,531,008
84$359,553,980$45,850,834$23,819,010$135,526,647
85$396,082,874$47,951,913$24,471,335$147,576,301
86$436,333,129$50,151,358$25,140,926$160,784,646
87$480,684,178$52,453,845$25,828,217$175,266,914
88$529,554,154$54,864,273$26,533,652$191,149,956
89$583,403,833$57,387,779$27,257,686$208,573,427
90$642,740,988$60,029,743$28,000,781$227,691,087
91$708,125,175$62,795,808$28,763,415$248,672,225
92$780,173,026$65,691,884$29,546,071$271,703,247
93$859,564,057$68,724,170$30,349,248$296,989,404
94$947,047,096$71,899,159$31,173,453$324,756,716
95$1,043,447,341$75,223,659$32,019,205$355,254,077
96$1,149,674,157$78,704,805$32,887,035$388,755,580
97$1,266,729,656$82,350,076$33,777,485$425,563,082
98$1,395,718,161$86,167,310$34,691,111$466,009,025
99$1,537,856,629$90,164,724$35,628,479$510,459,544
100$1,694,486,140$94,350,930$36,590,168$559,317,899