Can I retire at age 45 with 8,400,000?

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 $8,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$693,664$687,485$681,457$675,573$669,828$644,780
2 years$343,398$337,003$330,804$324,795$318,966$294,017
3 years$226,658$220,235$214,052$208,099$202,365$178,301
4 years$168,299$161,896$155,775$149,924$144,328$121,332
5 years$133,293$126,928$120,888$115,156$109,716$87,847
6 years$109,964$103,647$97,695$92,091$86,815$66,088
7 years$93,306$87,042$81,185$75,713$70,604$51,014
8 years$80,819$74,611$68,852$63,514$58,572$40,101
9 years$71,111$64,963$59,302$54,100$49,326$31,948
10 years$63,350$57,261$51,701$46,634$42,029$25,712
11 years$57,004$50,976$45,517$40,586$36,146$20,855
12 years$51,719$45,754$40,395$35,599$31,323$17,020
13 years$47,251$41,348$36,090$31,429$27,315$13,958
14 years$43,425$37,584$32,427$27,899$23,944$11,491
15 years$40,111$34,334$29,277$24,881$21,082$9,490
16 years$37,215$31,501$26,544$22,278$18,632$7,858
17 years$34,662$29,011$24,154$20,017$16,521$6,520
18 years$32,396$26,807$22,050$18,039$14,689$5,419
19 years$30,370$24,845$20,185$16,300$13,093$4,511
20 years$28,549$23,087$18,525$14,763$11,695$3,759
21 years$26,904$21,505$17,040$13,398$10,466$3,136
22 years$25,410$20,074$15,705$12,182$9,381$2,618
23 years$24,048$18,775$14,500$11,094$8,421$2,187
24 years$22,802$17,591$13,410$10,119$7,569$1,828
25 years$21,656$16,508$12,421$9,241$6,811$1,528
26 years$20,601$15,515$11,520$8,449$6,135$1,279
27 years$19,626$14,601$10,697$7,734$5,531$1,070
28 years$18,722$13,759$9,944$7,086$4,991$896
29 years$17,882$12,980$9,254$6,498$4,507$750
30 years$17,099$12,258$8,620$5,964$4,072$628
31 years$16,368$11,588$8,036$5,477$3,682$526
32 years$15,684$10,964$7,498$5,034$3,330$441
33 years$15,043$10,383$7,001$4,629$3,014$369
34 years$14,441$9,841$6,541$4,259$2,729$309
35 years$13,875$9,334$6,115$3,921$2,471$259
36 years$13,341$8,860$5,721$3,611$2,239$217
37 years$12,837$8,415$5,354$3,327$2,030$182
38 years$12,361$7,997$5,014$3,066$1,840$152
39 years$11,911$7,604$4,698$2,827$1,669$128
40 years$11,484$7,235$4,403$2,608$1,513$107
41 years$11,079$6,887$4,129$2,406$1,373$90
42 years$10,694$6,559$3,873$2,221$1,246$75
43 years$10,329$6,249$3,634$2,050$1,131$63
44 years$9,980$5,957$3,411$1,893$1,026$53
45 years$9,649$5,680$3,203$1,748$932$44
46 years$9,332$5,419$3,009$1,615$846$37
47 years$9,030$5,171$2,826$1,492$768$31
48 years$8,741$4,937$2,656$1,378$698$26
49 years$8,465$4,714$2,497$1,274$634$22
50 years$8,201$4,503$2,347$1,177$575$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $8,400,000, adding $2,374 every year, while hoping to spend $51,614 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: 63/20/17 Blend
44$8,400,000$8,400,000$8,400,000$8,400,000
45$9,259,249$8,814,049$8,683,849$9,803,027
46$10,148,775$9,191,020$8,919,841$10,545,716
47$11,127,304$9,584,733$9,162,009$11,350,356
48$12,203,857$9,995,954$9,410,505$12,227,840
49$13,388,379$10,425,484$9,665,485$13,185,267
50$14,691,823$10,874,163$9,927,108$14,230,446
51$16,126,261$11,342,868$10,195,538$15,371,971
52$17,704,991$11,832,520$10,470,940$16,619,297
53$19,442,667$12,344,081$10,753,484$17,982,830
54$21,355,438$12,878,559$11,043,344$19,474,021
55$23,461,094$13,437,010$11,340,697$21,105,477
56$25,779,240$14,020,538$11,645,725$22,891,072
57$28,331,478$14,630,300$11,958,612$24,846,077
58$31,141,611$15,267,507$12,279,548$26,987,307
59$34,235,867$15,933,427$12,608,725$29,333,271
60$37,643,149$16,629,388$12,946,341$31,904,347
61$41,395,304$17,356,781$13,292,597$34,722,973
62$45,527,423$18,117,062$13,647,697$37,813,855
63$50,078,177$18,911,756$14,011,852$41,204,195
64$55,090,178$19,742,458$14,385,276$44,923,950
65$60,610,379$20,610,841$14,768,185$49,006,108
66$66,690,522$21,518,657$15,160,804$53,486,998
67$73,387,624$22,467,740$15,563,359$58,406,629
68$80,764,512$23,460,009$15,976,082$63,809,063
69$88,890,420$24,497,477$16,399,209$69,742,831
70$97,841,640$25,582,251$16,832,979$76,261,383
71$107,702,243$26,716,537$17,277,640$83,423,594
72$118,564,871$27,902,647$17,733,441$91,294,310
73$130,531,614$29,143,002$18,200,636$99,944,960
74$143,714,967$30,440,138$18,679,486$109,454,224
75$158,238,900$31,796,711$19,170,255$119,908,773
76$174,240,021$33,215,504$19,673,213$131,404,081
77$191,868,871$34,699,431$20,188,633$144,045,320
78$211,291,339$36,251,547$20,716,796$157,948,353
79$232,690,232$37,875,049$21,257,985$173,240,816
80$256,266,998$39,573,289$21,812,490$190,063,320
81$282,243,629$41,349,776$22,380,605$208,570,774
82$310,864,754$43,208,190$22,962,630$228,933,838
83$342,399,950$45,152,383$23,558,869$251,340,533
84$377,146,287$47,186,391$24,169,633$275,998,003
85$415,431,128$49,314,445$24,795,236$303,134,466
86$457,615,225$51,540,974$25,435,998$333,001,364
87$504,096,119$53,870,623$26,092,245$365,875,726
88$555,311,894$56,308,254$26,764,306$402,062,775
89$611,745,314$58,858,966$27,452,517$441,898,803
90$673,928,379$61,528,098$28,157,219$485,754,338
91$742,447,345$64,321,246$28,878,758$534,037,628
92$817,948,261$67,244,274$29,617,483$587,198,493
93$901,143,066$70,303,326$30,373,751$645,732,555
94$992,816,310$73,504,841$31,147,923$710,185,910
95$1,093,832,560$76,855,564$31,940,365$781,160,272
96$1,205,144,560$80,362,565$32,751,446$859,318,644
97$1,327,802,227$84,033,253$33,581,542$945,391,561
98$1,462,962,565$87,875,393$34,431,033$1,040,183,980
99$1,611,900,578$91,897,119$35,300,305$1,144,582,862
100$1,776,021,318$96,106,958$36,189,746$1,259,565,535