Can I retire at age 45 with 8,800,000?

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 $8,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$726,696$720,223$713,907$707,743$701,724$673,883
2 years$359,750$353,050$346,557$340,261$334,154$306,450
3 years$237,451$230,722$224,245$218,009$212,001$185,306
4 years$176,314$169,605$163,193$157,063$151,201$125,718
5 years$139,641$132,973$126,645$120,639$114,941$90,734
6 years$115,200$108,582$102,348$96,476$90,949$68,035
7 years$97,749$91,187$85,051$79,318$73,966$52,336
8 years$84,667$78,164$72,130$66,538$61,362$40,994
9 years$74,498$68,056$62,126$56,676$51,675$32,540
10 years$66,367$59,988$54,163$48,855$44,030$26,088
11 years$59,718$53,404$47,684$42,519$37,867$21,078
12 years$54,182$47,932$42,318$37,295$32,815$17,133
13 years$49,501$43,317$37,809$32,925$28,615$13,992
14 years$45,493$39,374$33,971$29,228$25,084$11,471
15 years$42,022$35,969$30,671$26,066$22,086$9,434
16 years$38,987$33,001$27,808$23,339$19,520$7,777
17 years$36,313$30,392$25,304$20,970$17,307$6,424
18 years$33,938$28,084$23,100$18,898$15,389$5,316
19 years$31,816$26,028$21,147$17,076$13,717$4,405
20 years$29,908$24,186$19,407$15,466$12,252$3,654
21 years$28,185$22,529$17,851$14,036$10,964$3,034
22 years$26,620$21,030$16,452$12,762$9,828$2,521
23 years$25,193$19,669$15,191$11,623$8,822$2,096
24 years$23,887$18,428$14,049$10,601$7,929$1,743
25 years$22,688$17,294$13,012$9,681$7,135$1,451
26 years$21,582$16,254$12,068$8,852$6,427$1,208
27 years$20,560$15,296$11,206$8,102$5,795$1,006
28 years$19,613$14,414$10,418$7,423$5,229$838
29 years$18,733$13,598$9,695$6,807$4,721$698
30 years$17,913$12,842$9,030$6,248$4,266$582
31 years$17,147$12,140$8,419$5,738$3,857$485
32 years$16,431$11,487$7,855$5,273$3,489$404
33 years$15,760$10,878$7,334$4,849$3,157$337
34 years$15,129$10,310$6,852$4,462$2,859$281
35 years$14,536$9,779$6,407$4,107$2,589$234
36 years$13,976$9,281$5,993$3,783$2,346$195
37 years$13,449$8,815$5,609$3,485$2,126$163
38 years$12,950$8,378$5,253$3,212$1,928$136
39 years$12,478$7,966$4,922$2,962$1,748$113
40 years$12,031$7,579$4,613$2,732$1,585$94
41 years$11,607$7,215$4,325$2,521$1,438$79
42 years$11,204$6,871$4,057$2,326$1,305$66
43 years$10,820$6,547$3,807$2,147$1,185$55
44 years$10,456$6,240$3,574$1,983$1,075$46
45 years$10,108$5,951$3,356$1,831$976$38
46 years$9,777$5,677$3,152$1,691$886$32
47 years$9,460$5,417$2,961$1,563$805$26
48 years$9,158$5,172$2,783$1,444$731$22
49 years$8,869$4,939$2,615$1,335$664$18
50 years$8,592$4,718$2,459$1,233$603$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $8,800,000, adding $3,262 every year, while hoping to spend $29,646 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: 80/10/10 Blend
44$8,800,000$8,800,000$8,800,000$8,800,000
45$9,700,965$9,234,565$9,098,165$10,461,069
46$10,658,920$9,655,515$9,371,410$11,381,137
47$11,713,593$10,096,099$9,652,816$12,386,326
48$12,874,818$10,557,246$9,942,623$13,488,480
49$14,153,431$11,039,932$10,241,082$14,697,280
50$15,561,371$11,545,180$10,548,449$16,023,385
51$17,111,797$12,074,059$10,864,988$17,478,535
52$18,819,206$12,627,694$11,190,971$19,075,658
53$20,699,574$13,207,260$11,526,677$20,828,989
54$22,770,504$13,813,989$11,872,395$22,754,208
55$25,051,397$14,449,176$12,228,421$24,868,584
56$27,563,626$15,114,173$12,595,061$27,191,134
57$30,330,749$15,810,399$12,972,627$29,742,806
58$33,378,720$16,539,344$13,361,445$32,546,674
59$36,736,142$17,302,565$13,761,847$35,628,151
60$40,434,535$18,101,697$14,174,175$39,015,230
61$44,508,630$18,938,452$14,598,782$42,738,749
62$48,996,700$19,814,627$15,036,032$46,832,674
63$53,940,922$20,732,101$15,486,297$51,334,425
64$59,387,771$21,692,849$15,949,962$56,285,220
65$65,388,462$22,698,937$16,427,424$61,730,470
66$71,999,432$23,752,532$16,919,090$67,720,198
67$79,282,873$24,855,906$17,425,379$74,309,515
68$87,307,320$26,011,439$17,946,723$81,559,135
69$96,148,295$27,221,627$18,483,567$89,535,946
70$105,889,021$28,489,087$19,036,366$98,313,641
71$116,621,210$29,816,561$19,605,593$107,973,408
72$128,445,925$31,206,924$20,191,732$118,604,697
73$141,474,535$32,663,189$20,795,281$130,306,059
74$155,829,768$34,188,516$21,416,753$143,186,074
75$171,646,867$35,786,215$22,056,677$157,364,376
76$189,074,867$37,459,760$22,715,595$172,972,774
77$208,278,004$39,212,789$23,394,068$190,156,499
78$229,437,262$41,049,117$24,092,671$209,075,566
79$252,752,084$42,972,745$24,811,997$229,906,285
80$278,442,253$44,987,866$25,552,655$252,842,920
81$306,749,967$47,098,876$26,315,273$278,099,518
82$337,942,126$49,310,383$27,100,497$305,911,930
83$372,312,850$51,627,219$27,908,991$336,540,027
84$410,186,258$54,054,450$28,741,440$370,270,155
85$451,919,525$56,597,386$29,598,547$407,417,829
86$497,906,254$59,261,596$30,481,036$448,330,710
87$548,580,195$62,052,917$31,389,653$493,391,879
88$604,419,333$64,977,469$32,325,165$543,023,453
89$665,950,409$68,041,668$33,288,362$597,690,558
90$733,753,883$71,252,243$34,280,055$657,905,721
91$808,469,423$74,616,247$35,301,080$724,233,698
92$890,801,937$78,141,075$36,352,299$797,296,800
93$981,528,228$81,834,481$37,434,595$877,780,764
94$1,081,504,333$85,704,597$38,548,879$966,441,218
95$1,191,673,598$89,759,945$39,696,089$1,064,110,807
96$1,313,075,586$94,009,463$40,877,189$1,171,707,049
97$1,446,855,892$98,462,523$42,093,172$1,290,240,986
98$1,594,276,957$103,128,951$43,345,057$1,420,826,722
99$1,756,729,987$108,019,049$44,633,896$1,564,691,933
100$1,935,748,084$113,143,621$45,960,770$1,723,189,449