Can I retire at age 45 with 8,500,000?

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 $8,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$701,922$695,670$689,570$683,616$677,802$665,752
2 years$347,486$341,015$334,743$328,661$322,763$310,663
3 years$229,356$222,857$216,601$210,577$204,774$193,002
4 years$170,303$163,823$157,630$151,709$146,047$134,693
5 years$134,880$128,439$122,327$116,527$111,022$100,120
6 years$111,273$104,880$98,859$93,187$87,848$77,409
7 years$94,417$88,078$82,152$76,614$71,444$61,471
8 years$81,781$75,500$69,671$64,270$59,270$49,761
9 years$71,958$65,736$60,008$54,744$49,914$40,863
10 years$64,104$57,943$52,316$47,190$42,529$33,929
11 years$57,683$51,583$46,058$41,069$36,576$28,417
12 years$52,335$46,298$40,876$36,023$31,696$23,967
13 years$47,814$41,840$36,520$31,803$27,640$20,328
14 years$43,942$38,032$32,813$28,231$24,229$17,322
15 years$40,589$34,743$29,626$25,177$21,333$14,818
16 years$37,658$31,876$26,860$22,544$18,854$12,716
17 years$35,075$29,356$24,442$20,255$16,717$10,942
18 years$32,781$27,126$22,312$18,254$14,864$9,438
19 years$30,731$25,141$20,426$16,494$13,249$8,156
20 years$28,889$23,362$18,746$14,939$11,834$7,060
21 years$27,224$21,761$17,242$13,558$10,590$6,120
22 years$25,712$20,313$15,892$12,327$9,493$5,311
23 years$24,334$18,998$14,673$11,226$8,521$4,615
24 years$23,073$17,800$13,570$10,239$7,659$4,013
25 years$21,914$16,704$12,569$9,351$6,892$3,493
26 years$20,847$15,699$11,657$8,550$6,208$3,042
27 years$19,860$14,775$10,824$7,826$5,597$2,650
28 years$18,945$13,922$10,063$7,170$5,050$2,311
29 years$18,094$13,134$9,364$6,575$4,560$2,016
30 years$17,302$12,404$8,722$6,035$4,121$1,759
31 years$16,563$11,726$8,132$5,542$3,725$1,535
32 years$15,871$11,095$7,587$5,093$3,370$1,340
33 years$15,222$10,507$7,084$4,684$3,050$1,171
34 years$14,613$9,958$6,619$4,310$2,761$1,023
35 years$14,040$9,445$6,188$3,967$2,501$893
36 years$13,500$8,965$5,789$3,654$2,266$781
37 years$12,990$8,515$5,418$3,366$2,054$682
38 years$12,509$8,092$5,074$3,103$1,862$596
39 years$12,053$7,695$4,754$2,861$1,688$521
40 years$11,621$7,321$4,456$2,639$1,531$456
41 years$11,211$6,969$4,178$2,435$1,389$399
42 years$10,822$6,637$3,919$2,247$1,261$349
43 years$10,452$6,324$3,678$2,074$1,144$305
44 years$10,099$6,028$3,452$1,915$1,039$267
45 years$9,763$5,748$3,241$1,769$943$233
46 years$9,443$5,483$3,044$1,634$856$204
47 years$9,138$5,233$2,860$1,509$777$178
48 years$8,846$4,995$2,688$1,395$706$156
49 years$8,566$4,770$2,526$1,289$641$136
50 years$8,299$4,557$2,375$1,191$582$119

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $8,500,000, adding $2,800 every year, while hoping to spend $27,940 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: 40/49/11 Blend
44$8,500,000$8,500,000$8,500,000$8,500,000
45$9,369,888$8,919,388$8,787,638$9,713,726
46$10,295,889$9,326,710$9,052,296$10,363,597
47$11,315,405$9,753,055$9,324,884$11,063,198
48$12,437,946$10,199,324$9,605,637$11,819,385
49$13,673,990$10,666,464$9,894,799$12,637,289
50$15,035,083$11,155,467$10,192,621$13,522,539
51$16,533,947$11,667,370$10,499,359$14,481,306
52$18,184,601$12,203,263$10,815,279$15,520,359
53$20,002,494$12,764,287$11,140,655$16,647,126
54$22,004,649$13,351,638$11,475,768$17,869,757
55$24,209,824$13,966,568$11,820,906$19,197,198
56$26,638,689$14,610,393$12,176,369$20,639,269
57$29,314,020$15,284,487$12,542,463$22,206,754
58$32,260,919$15,990,296$12,919,504$23,911,493
59$35,507,042$16,729,330$13,307,817$25,766,494
60$39,082,869$17,503,175$13,707,737$27,786,043
61$43,021,984$18,313,494$14,119,609$29,985,840
62$47,361,398$19,162,027$14,543,788$32,383,133
63$52,141,894$20,050,599$14,980,638$34,996,879
64$57,408,414$20,981,126$15,430,536$37,847,917
65$63,210,483$21,955,611$15,893,870$40,959,150
66$69,602,675$22,976,159$16,371,037$44,355,762
67$76,645,129$24,044,971$16,862,448$48,065,441
68$84,404,117$25,164,360$17,368,525$52,118,637
69$92,952,669$26,336,746$17,889,703$56,548,834
70$102,371,263$27,564,668$18,426,429$61,392,862
71$112,748,582$28,850,787$18,979,164$66,691,235
72$124,182,354$30,197,892$19,548,383$72,488,519
73$136,780,273$31,608,908$20,134,573$78,833,743
74$150,661,017$33,086,901$20,738,238$85,780,853
75$165,955,365$34,635,083$21,359,893$93,389,209
76$182,807,435$36,256,825$22,000,072$101,724,129
77$201,376,041$37,955,657$22,659,322$110,857,497
78$221,836,196$39,735,283$23,338,209$120,868,426
79$244,380,761$41,599,585$24,037,311$131,843,990
80$269,222,265$43,552,631$24,757,228$143,880,033
81$296,594,915$45,598,689$25,498,573$157,082,055
82$326,756,802$47,742,230$26,261,982$171,566,195
83$359,992,342$49,987,946$27,048,104$187,460,307
84$396,614,957$52,340,751$27,857,611$204,905,152
85$436,970,035$54,805,800$28,691,194$224,055,705
86$481,438,193$57,388,499$29,549,563$245,082,600
87$530,438,865$60,094,511$30,433,450$268,173,720
88$584,434,265$62,929,779$31,343,607$293,535,948
89$643,933,752$65,900,529$32,280,809$321,397,099
90$709,498,632$69,013,293$33,245,854$352,008,045
91$781,747,466$72,274,917$34,239,563$385,645,059
92$861,361,899$75,692,580$35,262,780$422,612,397
93$949,093,104$79,273,808$36,316,375$463,245,145
94$1,045,768,870$83,026,494$37,401,242$507,912,349
95$1,152,301,414$86,958,911$38,518,304$557,020,474
96$1,269,695,998$91,079,737$39,668,506$611,017,206
97$1,399,060,414$95,398,069$40,852,825$670,395,648
98$1,541,615,446$99,923,444$42,072,265$735,698,938
99$1,698,706,394$104,665,865$43,327,858$807,525,344
100$1,871,815,773$109,635,819$44,620,668$886,533,869