Can I retire at age 45 with 8,000,000?

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 $8,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$660,633$654,748$649,007$643,403$637,931$626,847
2 years$327,046$320,955$315,052$309,328$303,777$292,646
3 years$215,865$209,748$203,859$198,190$192,728$181,897
4 years$160,285$154,187$148,357$142,785$137,456$127,007
5 years$126,946$120,884$115,131$109,672$104,492$94,456
6 years$104,727$98,711$93,043$87,706$82,681$73,070
7 years$88,863$82,897$77,319$72,108$67,241$58,058
8 years$76,970$71,058$65,573$60,489$55,783$47,025
9 years$67,725$61,869$56,478$51,524$46,978$38,640
10 years$60,333$54,535$49,239$44,414$40,027$32,102
11 years$54,289$48,549$43,349$38,653$34,425$26,904
12 years$49,256$43,575$38,471$33,904$29,832$22,705
13 years$45,001$39,379$34,371$29,932$26,014$19,271
14 years$41,357$35,794$30,883$26,571$22,804$16,432
15 years$38,201$32,699$27,883$23,696$20,078$14,066
16 years$35,443$30,001$25,280$21,217$17,745$12,080
17 years$33,012$27,629$23,004$19,064$15,734$10,402
18 years$30,853$25,531$21,000$17,180$13,990$8,978
19 years$28,924$23,662$19,224$15,524$12,470$7,765
20 years$27,189$21,988$17,643$14,060$11,138$6,726
21 years$25,622$20,481$16,228$12,760$9,967$5,835
22 years$24,200$19,118$14,957$11,602$8,934$5,068
23 years$22,903$17,881$13,810$10,566$8,020$4,407
24 years$21,716$16,753$12,772$9,637$7,208$3,835
25 years$20,625$15,722$11,829$8,801$6,487$3,340
26 years$19,620$14,776$10,971$8,047$5,843$2,911
27 years$18,691$13,906$10,188$7,366$5,268$2,539
28 years$17,830$13,103$9,471$6,749$4,753$2,216
29 years$17,030$12,362$8,813$6,189$4,292$1,934
30 years$16,285$11,674$8,209$5,680$3,878$1,689
31 years$15,589$11,036$7,653$5,216$3,506$1,476
32 years$14,937$10,442$7,141$4,794$3,172$1,289
33 years$14,327$9,889$6,667$4,408$2,870$1,127
34 years$13,753$9,373$6,229$4,056$2,599$985
35 years$13,214$8,890$5,824$3,734$2,354$862
36 years$12,706$8,438$5,448$3,439$2,133$754
37 years$12,226$8,014$5,100$3,168$1,933$659
38 years$11,773$7,616$4,775$2,920$1,752$577
39 years$11,344$7,242$4,474$2,693$1,589$505
40 years$10,937$6,890$4,194$2,484$1,441$442
41 years$10,552$6,559$3,932$2,291$1,308$386
42 years$10,185$6,246$3,689$2,115$1,187$338
43 years$9,837$5,952$3,461$1,952$1,077$296
44 years$9,505$5,673$3,249$1,803$977$259
45 years$9,189$5,410$3,051$1,665$887$227
46 years$8,888$5,161$2,865$1,538$806$199
47 years$8,600$4,925$2,692$1,421$732$174
48 years$8,325$4,702$2,530$1,313$664$152
49 years$8,062$4,490$2,378$1,213$603$133
50 years$7,811$4,289$2,235$1,121$548$117

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $8,000,000, adding $5,854 every year, while hoping to spend $22,315 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: 65/22/13 Blend
44$8,000,000$8,000,000$8,000,000$8,000,000
45$8,822,038$8,398,038$8,274,038$9,368,492
46$9,698,143$8,785,799$8,527,476$10,122,009
47$10,662,863$9,191,813$8,788,655$10,941,890
48$11,725,213$9,616,949$9,057,813$11,837,189
49$12,895,126$10,062,121$9,335,191$12,815,267
50$14,183,550$10,528,286$9,621,041$13,884,219
51$15,602,547$11,016,447$9,915,621$15,052,951
52$17,165,408$11,527,654$10,219,195$16,331,262
53$18,886,779$12,063,009$10,532,038$17,729,935
54$20,782,802$12,623,667$10,854,432$19,260,836
55$22,871,260$13,210,839$11,186,668$20,937,022
56$25,171,752$13,825,794$11,529,045$22,772,864
57$27,705,874$14,469,862$11,881,872$24,784,181
58$30,497,425$15,144,437$12,245,467$26,988,384
59$33,572,630$15,850,981$12,620,156$29,404,639
60$36,960,385$16,591,026$13,006,279$32,054,044
61$40,692,537$17,366,180$13,404,182$34,959,829
62$44,804,178$18,178,124$13,814,224$38,147,566
63$49,333,978$19,028,626$14,236,774$41,645,412
64$54,324,550$19,919,535$14,672,213$45,484,369
65$59,822,853$20,852,791$15,120,931$49,698,575
66$65,880,635$21,830,429$15,583,333$54,325,620
67$72,554,920$22,854,581$16,059,835$59,406,897
68$79,908,548$23,927,481$16,550,866$64,987,994
69$88,010,766$25,051,474$17,056,866$71,119,112
70$96,937,884$26,229,016$17,578,291$77,855,540
71$106,773,994$27,462,683$18,115,609$85,258,171
72$117,611,763$28,755,176$18,669,304$93,394,071
73$129,553,310$30,109,327$19,239,872$102,337,106
74$142,711,166$31,528,102$19,827,826$112,168,639
75$157,209,341$33,014,615$20,433,695$122,978,286
76$173,184,491$34,572,129$21,058,021$134,864,760
77$190,787,211$36,204,065$21,701,366$147,936,797
78$210,183,452$37,914,010$22,364,307$162,314,175
79$231,556,092$39,705,724$23,047,439$178,128,835
80$255,106,659$41,583,151$23,751,375$195,526,126
81$281,057,238$43,550,424$24,476,745$214,666,165
82$309,652,561$45,611,880$25,224,201$235,725,342
83$341,162,323$47,772,063$25,994,413$258,897,980
84$375,883,725$50,035,739$26,788,070$284,398,154
85$414,144,279$52,407,904$27,605,885$312,461,713
86$456,304,903$54,893,799$28,448,589$343,348,488
87$502,763,324$57,498,917$29,316,939$377,344,742
88$553,957,837$60,229,017$30,211,710$414,765,859
89$610,371,439$63,090,142$31,133,705$455,959,311
90$672,536,391$66,088,623$32,083,748$501,307,929
91$741,039,240$69,231,103$33,062,691$551,233,506
92$816,526,359$72,524,544$34,071,409$606,200,762
93$899,710,051$75,976,250$35,110,803$666,721,726
94$991,375,265$79,593,875$36,181,805$733,360,551
95$1,092,387,018$83,385,451$37,285,371$806,738,829
96$1,203,698,551$87,359,395$38,422,488$887,541,442
97$1,326,360,334$91,524,536$39,594,172$976,523,018
98$1,461,529,981$95,890,132$40,801,470$1,074,515,031
99$1,610,483,181$100,465,890$42,045,461$1,182,433,643
100$1,774,625,737$105,261,990$43,327,256$1,301,288,331