Can I retire at age 45 with 8,600,000?

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 $8,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$710,180$703,854$697,682$691,658$685,776$675,807
2 years$351,574$345,026$338,681$332,528$326,560$316,537
3 years$232,055$225,479$219,149$213,054$207,183$197,418
4 years$172,307$165,751$159,484$153,493$147,765$138,333
5 years$136,467$129,951$123,766$117,898$112,328$103,257
6 years$112,582$106,114$100,022$94,284$88,882$80,182
7 years$95,528$89,115$83,118$77,516$72,285$63,959
8 years$82,743$76,388$70,491$65,026$59,967$52,014
9 years$72,804$66,509$60,714$55,388$50,501$42,917
10 years$64,858$58,625$52,932$47,745$43,029$35,809
11 years$58,361$52,190$46,600$41,552$37,007$30,143
12 years$52,951$46,843$41,357$36,447$32,069$25,553
13 years$48,376$42,332$36,949$32,177$27,965$21,788
14 years$44,459$38,479$33,199$28,563$24,514$18,666
15 years$41,066$35,151$29,974$25,473$21,584$16,055
16 years$38,101$32,251$27,176$22,809$19,076$13,856
17 years$35,488$29,702$24,729$20,493$16,914$11,991
18 years$33,167$27,446$22,575$18,469$15,039$10,402
19 years$31,093$25,436$20,666$16,688$13,405$9,042
20 years$29,229$23,637$18,966$15,114$11,973$7,874
21 years$27,544$22,017$17,445$13,717$10,715$6,867
22 years$26,015$20,552$16,078$12,472$9,604$5,996
23 years$24,621$19,222$14,846$11,359$8,621$5,242
24 years$23,344$18,009$13,730$10,360$7,749$4,587
25 years$22,172$16,901$12,716$9,461$6,973$4,018
26 years$21,092$15,884$11,794$8,651$6,281$3,521
27 years$20,093$14,949$10,952$7,918$5,663$3,088
28 years$19,168$14,086$10,181$7,255$5,110$2,710
29 years$18,307$13,289$9,474$6,653$4,614$2,379
30 years$17,506$12,550$8,825$6,106$4,169$2,090
31 years$16,758$11,864$8,227$5,607$3,769$1,836
32 years$16,058$11,225$7,676$5,153$3,409$1,614
33 years$15,401$10,631$7,167$4,739$3,086$1,419
34 years$14,785$10,076$6,697$4,360$2,794$1,248
35 years$14,205$9,556$6,261$4,014$2,530$1,098
36 years$13,659$9,070$5,857$3,697$2,293$966
37 years$13,143$8,615$5,482$3,406$2,078$850
38 years$12,656$8,187$5,134$3,139$1,884$748
39 years$12,195$7,785$4,810$2,895$1,708$658
40 years$11,758$7,407$4,508$2,670$1,549$580
41 years$11,343$7,051$4,227$2,463$1,406$510
42 years$10,949$6,715$3,965$2,273$1,276$449
43 years$10,575$6,398$3,721$2,099$1,158$396
44 years$10,218$6,099$3,493$1,938$1,051$348
45 years$9,878$5,816$3,279$1,790$954$307
46 years$9,554$5,548$3,080$1,653$866$270
47 years$9,245$5,294$2,894$1,527$786$238
48 years$8,950$5,054$2,719$1,411$714$210
49 years$8,667$4,826$2,556$1,304$649$185
50 years$8,397$4,610$2,403$1,205$589$163

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $8,600,000, adding $5,294 every year, while hoping to spend $38,786 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: 62/28/10 Blend
44$8,600,000$8,600,000$8,600,000$8,600,000
45$9,482,661$9,026,861$8,893,561$10,049,014
46$10,408,624$9,427,909$9,150,227$10,829,744
47$11,427,736$9,847,309$9,414,192$11,676,613
48$12,549,456$10,285,918$9,685,658$12,600,009
49$13,784,209$10,744,636$9,964,836$13,607,340
50$15,143,479$11,224,404$10,251,939$14,706,753
51$16,639,924$11,726,210$10,547,189$15,907,206
52$18,287,488$12,251,086$10,850,811$17,218,556
53$20,101,537$12,800,115$11,163,039$18,651,642
54$22,099,005$13,374,431$11,484,112$20,218,393
55$24,298,548$13,975,223$11,814,275$21,931,929
56$26,720,726$14,603,735$12,153,779$23,806,691
57$29,388,194$15,261,272$12,502,884$25,858,565
58$32,325,915$15,949,200$12,861,856$28,105,039
59$35,561,398$16,668,949$13,230,967$30,565,354
60$39,124,954$17,422,022$13,610,498$33,260,691
61$43,049,986$18,209,988$14,000,737$36,214,364
62$47,373,302$19,034,494$14,401,979$39,452,034
63$52,135,460$19,897,266$14,814,527$43,001,953
64$57,381,156$20,800,111$15,238,693$46,895,221
65$63,159,642$21,744,924$15,674,796$51,166,078
66$69,525,190$22,733,690$16,123,166$55,852,222
67$76,537,606$23,768,488$16,584,139$60,995,162
68$84,262,795$24,851,497$17,058,062$66,640,602
69$92,773,382$25,985,002$17,545,289$72,838,870
70$102,149,396$27,171,396$18,046,185$79,645,386
71$112,479,027$28,413,187$18,561,125$87,121,181
72$123,859,458$29,713,003$19,090,492$95,333,465
73$136,397,781$31,073,599$19,634,682$104,356,259
74$150,212,010$32,497,860$20,194,099$114,271,083
75$165,432,192$33,988,813$20,769,158$125,167,724
76$182,201,637$35,549,626$21,360,287$137,145,072
77$200,678,270$37,183,624$21,967,922$150,312,048
78$221,036,119$38,894,287$22,592,513$164,788,626
79$243,466,962$40,685,266$23,234,521$180,706,954
80$268,182,134$42,560,385$23,894,419$198,212,599
81$295,414,521$44,523,653$24,572,692$217,465,906
82$325,420,763$46,579,273$25,269,838$238,643,506
83$358,483,671$48,731,648$25,986,368$261,939,975
84$394,914,901$50,985,394$26,722,806$287,569,659
85$435,057,892$53,345,349$27,479,691$315,768,685
86$479,291,110$55,816,585$28,257,574$346,797,185
87$528,031,622$58,404,417$29,057,022$380,941,734
88$581,739,030$61,114,416$29,878,615$418,518,049
89$640,919,812$63,952,423$30,722,949$459,873,951
90$706,132,100$66,924,559$31,590,635$505,392,642
91$777,990,954$70,037,242$32,482,301$555,496,305
92$857,174,162$73,297,197$33,398,589$610,650,074
93$944,428,643$76,711,477$34,340,158$671,366,414
94$1,040,577,497$80,287,472$35,307,686$738,209,941
95$1,146,527,774$84,032,930$36,301,866$811,802,735
96$1,263,279,038$87,955,974$37,323,409$892,830,198
97$1,391,932,801$92,065,118$38,373,044$982,047,505
98$1,533,702,926$96,369,288$39,451,521$1,080,286,715
99$1,689,927,083$100,877,841$40,559,605$1,188,464,604
100$1,862,079,377$105,600,587$41,698,083$1,307,591,304