Can I retire at age 45 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$718,438$712,038$705,795$699,701$693,750$665,962
2 years$355,662$349,038$342,619$336,395$330,357$302,710
3 years$234,753$228,100$221,697$215,531$209,592$182,957
4 years$174,310$167,678$161,339$155,278$149,483$124,061
5 years$138,054$131,462$125,205$119,269$113,635$89,492
6 years$113,891$107,348$101,185$95,380$89,915$67,066
7 years$96,638$90,151$84,085$78,417$73,125$51,561
8 years$83,705$77,276$71,311$65,782$60,664$40,364
9 years$73,651$67,283$61,420$56,032$51,088$32,019
10 years$65,612$59,306$53,547$48,300$43,530$25,655
11 years$59,040$52,797$47,142$42,035$37,437$20,714
12 years$53,566$47,388$41,837$36,871$32,442$16,826
13 years$48,939$42,825$37,379$32,551$28,290$13,732
14 years$44,976$38,926$33,585$28,895$24,799$11,250
15 years$41,544$35,560$30,323$25,770$21,835$9,245
16 years$38,544$32,626$27,492$23,074$19,298$7,616
17 years$35,900$30,047$25,017$20,732$17,111$6,287
18 years$33,553$27,765$22,837$18,683$15,214$5,198
19 years$31,454$25,732$20,906$16,882$13,561$4,304
20 years$29,569$23,911$19,187$15,290$12,113$3,567
21 years$27,864$22,273$17,648$13,877$10,839$2,959
22 years$26,317$20,791$16,265$12,617$9,716$2,457
23 years$24,907$19,445$15,018$11,491$8,722$2,041
24 years$23,616$18,219$13,889$10,480$7,839$1,697
25 years$22,430$17,097$12,864$9,571$7,054$1,411
26 years$21,337$16,069$11,931$8,751$6,354$1,174
27 years$20,327$15,123$11,079$8,010$5,729$977
28 years$19,390$14,250$10,299$7,339$5,169$813
29 years$18,520$13,443$9,584$6,730$4,668$677
30 years$17,709$12,696$8,928$6,177$4,217$563
31 years$16,953$12,002$8,323$5,673$3,813$469
32 years$16,244$11,356$7,765$5,213$3,449$391
33 years$15,580$10,754$7,251$4,794$3,121$326
34 years$14,957$10,193$6,775$4,411$2,826$271
35 years$14,370$9,668$6,334$4,061$2,560$226
36 years$13,818$9,176$5,925$3,740$2,319$188
37 years$13,296$8,715$5,546$3,446$2,102$157
38 years$12,803$8,282$5,193$3,176$1,906$131
39 years$12,336$7,876$4,866$2,928$1,728$109
40 years$11,894$7,493$4,561$2,701$1,567$91
41 years$11,475$7,133$4,276$2,492$1,422$76
42 years$11,076$6,793$4,011$2,300$1,290$63
43 years$10,697$6,472$3,764$2,123$1,171$52
44 years$10,337$6,169$3,533$1,960$1,063$44
45 years$9,993$5,883$3,318$1,810$965$36
46 years$9,665$5,612$3,116$1,672$876$30
47 years$9,353$5,356$2,927$1,545$796$25
48 years$9,054$5,113$2,751$1,428$723$21
49 years$8,768$4,883$2,586$1,319$656$18
50 years$8,494$4,664$2,431$1,219$596$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $8,700,000, adding $3,493 every year, while hoping to spend $30,313 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: 43/35/22 Blend
44$8,700,000$8,700,000$8,700,000$8,700,000
45$9,591,003$9,129,903$8,995,053$9,941,795
46$10,537,033$9,545,015$9,264,135$10,606,122
47$11,578,541$9,979,452$9,541,214$11,322,224
48$12,725,236$10,434,129$9,826,528$12,097,475
49$13,987,812$10,910,004$10,120,319$12,937,350
50$15,378,056$11,408,081$10,422,837$13,847,860
51$16,908,955$11,929,414$10,734,339$14,835,604
52$18,594,819$12,475,106$11,055,090$15,907,829
53$20,451,417$13,046,313$11,385,363$17,072,493
54$22,496,127$13,644,247$11,725,437$18,338,339
55$24,748,094$14,270,178$12,075,602$19,714,973
56$27,228,419$14,925,436$12,436,154$21,212,949
57$29,960,352$15,611,417$12,807,400$22,843,865
58$32,969,513$16,329,581$13,189,653$24,620,471
59$36,284,135$17,081,462$13,583,237$26,556,780
60$39,935,327$17,868,664$13,988,486$28,668,201
61$43,957,373$18,692,871$14,405,743$30,971,674
62$48,388,049$19,555,846$14,835,360$33,485,828
63$53,268,986$20,459,439$15,277,700$36,231,152
64$58,646,057$21,405,585$15,733,137$39,230,179
65$64,569,814$22,396,318$16,202,056$42,507,698
66$71,095,963$23,433,765$16,684,853$46,090,976
67$78,285,889$24,520,158$17,181,934$50,010,014
68$86,207,240$25,657,836$17,693,718$54,297,821
69$94,934,558$26,849,249$18,220,638$58,990,719
70$104,549,989$28,096,969$18,763,135$64,128,677
71$115,144,056$29,403,688$19,321,668$69,755,683
72$126,816,511$30,772,231$19,896,706$75,920,150
73$139,677,282$32,205,556$20,488,731$82,675,365
74$153,847,503$33,706,767$21,098,243$90,079,981
75$169,460,667$35,279,117$21,725,752$98,198,565
76$186,663,875$36,926,014$22,371,785$107,102,195
77$205,619,235$38,651,033$23,036,885$116,869,122
78$226,505,384$40,457,921$23,721,607$127,585,499
79$249,519,180$42,350,606$24,426,528$139,346,180
80$274,877,555$44,333,204$25,152,235$152,255,609
81$302,819,569$46,410,034$25,899,338$166,428,787
82$333,608,659$48,585,621$26,668,461$181,992,354
83$367,535,134$50,864,708$27,460,246$199,085,760
84$404,918,909$53,252,269$28,275,355$217,862,579
85$446,112,527$55,753,520$29,114,469$238,491,937
86$491,504,489$58,373,927$29,978,288$261,160,093
87$541,522,919$61,119,221$30,867,532$286,072,189
88$596,639,604$63,995,410$31,782,942$313,454,159
89$657,374,454$67,008,796$32,725,281$343,554,855
90$724,300,404$70,165,982$33,695,333$376,648,370
91$798,048,824$73,473,894$34,693,906$413,036,614
92$879,315,480$76,939,791$35,721,828$453,052,135
93$968,867,104$80,571,286$36,779,954$497,061,246
94$1,067,548,630$84,376,360$37,869,164$545,467,459
95$1,176,291,169$88,363,380$38,990,360$598,715,267
96$1,296,120,803$92,541,121$40,144,472$657,294,323
97$1,428,168,270$96,918,781$41,332,457$721,744,033
98$1,573,679,638$101,506,006$42,555,298$792,658,625
99$1,734,028,069$106,312,907$43,814,008$870,692,728
100$1,910,726,782$111,350,090$45,109,628$956,567,526