Can I retire at age 45 with 8,300,000?

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 $8,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$685,406$679,301$673,344$667,531$661,854$637,610
2 years$339,310$332,991$326,866$320,928$315,168$291,013
3 years$223,960$217,613$211,504$205,622$199,956$176,649
4 years$166,296$159,969$153,921$148,139$142,610$120,329
5 years$131,707$125,417$119,449$113,785$108,410$87,213
6 years$108,655$102,413$96,532$90,995$85,781$65,683
7 years$92,195$86,006$80,219$74,812$69,763$50,759
8 years$79,857$73,723$68,032$62,758$57,875$39,949
9 years$70,265$64,189$58,596$53,456$48,739$31,866
10 years$62,596$56,580$51,085$46,079$41,528$25,678
11 years$56,325$50,370$44,975$40,103$35,716$20,855
12 years$51,104$45,209$39,914$35,176$30,950$17,042
13 years$46,689$40,856$35,660$31,055$26,989$13,995
14 years$42,908$37,137$32,041$27,567$23,659$11,538
15 years$39,634$33,925$28,929$24,585$20,831$9,543
16 years$36,772$31,126$26,228$22,013$18,411$7,913
17 years$34,250$28,665$23,867$19,779$16,324$6,575
18 years$32,010$26,488$21,787$17,824$14,515$5,474
19 years$30,008$24,549$19,945$16,106$12,937$4,563
20 years$28,209$22,812$18,305$14,587$11,556$3,808
21 years$26,583$21,249$16,837$13,239$10,341$3,182
22 years$25,107$19,835$15,518$12,037$9,269$2,660
23 years$23,762$18,551$14,328$10,962$8,321$2,226
24 years$22,530$17,381$13,251$9,998$7,479$1,863
25 years$21,399$16,311$12,273$9,131$6,730$1,561
26 years$20,356$15,330$11,382$8,349$6,062$1,308
27 years$19,392$14,427$10,570$7,642$5,465$1,096
28 years$18,499$13,595$9,826$7,002$4,931$919
29 years$17,669$12,825$9,144$6,421$4,453$771
30 years$16,895$12,112$8,517$5,893$4,024$646
31 years$16,173$11,450$7,940$5,412$3,638$542
32 years$15,497$10,834$7,408$4,974$3,291$455
33 years$14,864$10,260$6,917$4,574$2,978$382
34 years$14,269$9,724$6,463$4,208$2,696$320
35 years$13,710$9,223$6,042$3,874$2,442$269
36 years$13,182$8,754$5,653$3,568$2,213$226
37 years$12,685$8,314$5,291$3,287$2,005$189
38 years$12,214$7,902$4,955$3,030$1,818$159
39 years$11,769$7,514$4,642$2,794$1,649$134
40 years$11,347$7,149$4,351$2,577$1,495$112
41 years$10,947$6,805$4,080$2,377$1,357$94
42 years$10,567$6,481$3,827$2,194$1,231$79
43 years$10,206$6,175$3,591$2,025$1,117$66
44 years$9,862$5,886$3,371$1,870$1,014$56
45 years$9,534$5,613$3,165$1,727$921$47
46 years$9,221$5,354$2,973$1,595$836$39
47 years$8,923$5,110$2,793$1,474$759$33
48 years$8,637$4,878$2,624$1,362$689$28
49 years$8,365$4,658$2,467$1,259$626$23
50 years$8,104$4,450$2,319$1,163$569$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $8,300,000, adding $3,978 every year, while hoping to spend $31,127 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: 70/22/8 Blend
44$8,300,000$8,300,000$8,300,000$8,300,000
45$9,150,703$8,710,803$8,582,153$9,778,356
46$10,050,956$9,104,514$8,836,537$10,587,863
47$11,041,992$9,516,473$9,098,398$11,469,158
48$12,133,036$9,947,542$9,367,957$12,432,651
49$13,334,258$10,398,623$9,645,435$13,486,410
50$14,656,859$10,870,662$9,931,064$14,639,315
51$16,113,184$11,364,651$10,225,080$15,901,136
52$17,716,837$11,881,626$10,527,728$17,282,627
53$19,482,805$12,422,677$10,839,258$18,795,623
54$21,427,606$12,988,942$11,159,927$20,453,148
55$23,569,439$13,581,618$11,490,003$22,269,540
56$25,928,361$14,201,956$11,829,756$24,260,581
57$28,526,469$14,851,268$12,179,469$26,443,646
58$31,388,118$15,530,929$12,539,430$28,837,859
59$34,540,141$16,242,379$12,909,936$31,464,280
60$38,012,109$16,987,129$13,291,292$34,346,093
61$41,836,607$17,766,762$13,683,813$37,508,825
62$46,049,543$18,582,935$14,087,823$40,980,584
63$50,690,484$19,437,387$14,503,654$44,792,324
64$55,803,035$20,331,940$14,931,647$48,978,126
65$61,435,242$21,268,503$15,372,155$53,575,527
66$67,640,054$22,249,076$15,825,539$58,625,861
67$74,475,816$23,275,758$16,292,172$64,174,652
68$82,006,826$24,350,747$16,772,436$70,272,036
69$90,303,934$25,476,346$17,266,725$76,973,234
70$99,445,219$26,654,970$17,775,443$84,339,066
71$109,516,718$27,889,150$18,299,008$92,436,519
72$120,613,245$29,181,541$18,837,846$101,339,381
73$132,839,282$30,534,921$19,392,399$111,128,928
74$146,309,964$31,952,208$19,963,120$121,894,685
75$161,152,169$33,436,455$20,550,473$133,735,270
76$177,505,715$34,990,865$21,154,939$146,759,317
77$195,524,677$36,618,797$21,777,008$161,086,495
78$215,378,844$38,323,769$22,417,189$176,848,635
79$237,255,323$40,109,470$23,076,001$194,190,964
80$261,360,299$41,979,767$23,753,980$213,273,471
81$287,920,988$43,938,714$24,451,677$234,272,412
82$317,187,778$45,990,560$25,169,657$257,381,964
83$349,436,594$48,139,761$25,908,504$282,816,052
84$384,971,504$50,390,986$26,668,815$310,810,360
85$424,127,583$52,749,131$27,451,207$341,624,549
86$467,274,087$55,219,328$28,256,312$375,544,696
87$514,817,926$57,806,957$29,084,781$412,885,991
88$567,207,516$60,517,660$29,937,283$453,995,697
89$624,937,007$63,357,349$30,814,506$499,256,424
90$688,550,946$66,332,224$31,717,157$549,089,726
91$758,649,424$69,448,785$32,645,964$603,960,072
92$835,893,735$72,713,845$33,601,673$664,379,220
93$921,012,621$76,134,548$34,585,053$730,911,032
94$1,014,809,151$79,718,384$35,596,896$804,176,793
95$1,118,168,305$83,473,205$36,638,012$884,861,053
96$1,232,065,324$87,407,243$37,709,237$973,718,085
97$1,357,574,920$91,529,131$38,811,429$1,071,578,983
98$1,495,881,421$95,847,918$39,945,472$1,179,359,501
99$1,648,289,952$100,373,092$41,112,271$1,298,068,676
100$1,816,238,754$105,114,601$42,312,760$1,428,818,343