Can I retire at age 45 with 9,500,000?

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$784,501$777,513$770,696$764,041$757,543$743,465
2 years$388,367$381,134$374,124$367,327$360,735$346,604
3 years$256,339$249,075$242,083$235,350$228,865$215,121
4 years$190,339$183,097$176,174$169,557$163,228$149,978
5 years$150,748$143,550$136,719$130,236$124,084$111,365
6 years$124,364$117,219$110,489$104,151$98,183$86,010
7 years$105,525$98,441$91,817$85,628$79,849$68,225
8 years$91,402$84,382$77,868$71,831$66,243$55,164
9 years$80,423$73,470$67,068$61,184$55,786$45,246
10 years$71,646$64,760$58,471$52,741$47,532$37,522
11 years$64,469$57,652$51,477$45,901$40,879$31,387
12 years$58,492$51,745$45,685$40,261$35,425$26,437
13 years$53,439$46,763$40,816$35,545$30,891$22,394
14 years$49,111$42,506$36,673$31,552$27,079$19,057
15 years$45,364$38,830$33,111$28,139$23,843$16,279
16 years$42,089$35,626$30,020$25,196$21,072$13,951
17 years$39,201$32,810$27,317$22,638$18,684$11,987
18 years$36,638$30,318$24,937$20,401$16,613$10,324
19 years$34,347$28,098$22,829$18,434$14,808$8,909
20 years$32,287$26,110$20,951$16,696$13,226$7,700
21 years$30,427$24,321$19,271$15,153$11,836$6,664
22 years$28,737$22,702$17,761$13,777$10,609$5,775
23 years$27,197$21,233$16,399$12,547$9,524$5,010
24 years$25,787$19,894$15,167$11,444$8,560$4,350
25 years$24,492$18,670$14,047$10,451$7,703$3,780
26 years$23,299$17,546$13,028$9,556$6,938$3,286
27 years$22,196$16,513$12,098$8,747$6,256$2,859
28 years$21,173$15,560$11,246$8,014$5,644$2,489
29 years$20,223$14,679$10,466$7,349$5,097$2,167
30 years$19,338$13,863$9,748$6,745$4,605$1,888
31 years$18,511$13,105$9,088$6,194$4,164$1,645
32 years$17,738$12,400$8,479$5,693$3,766$1,434
33 years$17,013$11,743$7,917$5,235$3,408$1,250
34 years$16,332$11,130$7,397$4,817$3,086$1,090
35 years$15,692$10,557$6,916$4,434$2,795$951
36 years$15,088$10,020$6,470$4,084$2,533$830
37 years$14,519$9,516$6,056$3,762$2,295$724
38 years$13,980$9,044$5,671$3,468$2,081$632
39 years$13,471$8,600$5,313$3,198$1,887$551
40 years$12,988$8,182$4,980$2,949$1,712$481
41 years$12,530$7,789$4,670$2,721$1,553$420
42 years$12,095$7,418$4,380$2,511$1,409$367
43 years$11,681$7,068$4,110$2,318$1,279$320
44 years$11,287$6,737$3,858$2,140$1,161$279
45 years$10,912$6,424$3,623$1,977$1,054$244
46 years$10,554$6,128$3,403$1,826$957$213
47 years$10,213$5,848$3,197$1,687$869$186
48 years$9,886$5,583$3,004$1,559$789$162
49 years$9,574$5,332$2,823$1,441$717$142
50 years$9,275$5,093$2,654$1,332$651$124

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $9,500,000, adding $2,742 every year, while hoping to spend $42,946 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: 32/49/19 Blend
44$9,500,000$9,500,000$9,500,000$9,500,000
45$10,471,828$9,968,328$9,821,078$10,744,944
46$11,494,261$10,411,082$10,104,390$11,391,764
47$12,619,542$10,874,092$10,395,754$12,083,879
48$13,858,117$11,358,304$10,695,393$12,828,473
49$15,221,495$11,864,711$11,003,539$13,630,158
50$16,722,358$12,394,352$11,320,428$14,493,989
51$18,374,679$12,948,317$11,646,304$15,425,500
52$20,193,857$13,527,744$11,981,415$16,430,756
53$22,196,857$14,133,830$12,326,019$17,516,406
54$24,402,374$14,767,826$12,680,379$18,689,736
55$26,831,010$15,431,043$13,044,765$19,958,740
56$29,505,463$16,124,855$13,419,455$21,332,181
57$32,450,748$16,850,701$13,804,735$22,819,677
58$35,694,428$17,610,088$14,200,897$24,431,781
59$39,266,875$18,404,597$14,608,241$26,180,074
60$43,201,557$19,235,884$15,027,078$28,077,271
61$47,535,354$20,105,681$15,457,724$30,137,329
62$52,308,907$21,015,806$15,900,505$32,375,580
63$57,566,999$21,968,163$16,355,755$34,808,858
64$63,358,977$22,964,747$16,823,816$37,455,660
65$69,739,221$24,007,648$17,305,043$40,336,305
66$76,767,655$25,099,057$17,799,796$43,473,123
67$84,510,313$26,241,268$18,308,446$46,890,652
68$93,039,962$27,436,687$18,831,376$50,615,864
69$102,436,787$28,687,834$19,368,976$54,678,407
70$112,789,151$29,997,349$19,921,648$59,110,879
71$124,194,426$31,368,001$20,489,805$63,949,121
72$136,759,914$32,802,689$21,073,870$69,232,546
73$150,603,857$34,304,453$21,674,277$75,004,498
74$165,856,558$35,876,479$22,291,472$81,312,652
75$182,661,604$37,522,103$22,925,913$88,209,449
76$201,177,226$39,244,825$23,578,070$95,752,578
77$221,577,792$41,048,310$24,248,425$104,005,508
78$244,055,452$42,936,402$24,937,472$113,038,069
79$268,821,949$44,913,127$25,645,718$122,927,103
80$296,110,624$46,982,706$26,373,686$133,757,165
81$326,178,612$49,149,563$27,121,908$145,621,312
82$359,309,272$51,418,334$27,890,935$158,621,957
83$395,814,864$53,793,879$28,681,327$172,871,826
84$436,039,492$56,281,291$29,493,664$188,494,993
85$480,362,355$58,885,908$30,328,536$205,628,041
86$529,201,325$61,613,328$31,186,551$224,421,325
87$583,016,893$64,469,414$32,068,334$245,040,368
88$642,316,516$67,460,314$32,974,523$267,667,407
89$707,659,405$70,592,474$33,905,773$292,503,084
90$779,661,806$73,872,648$34,862,759$319,768,315
91$859,002,819$77,307,916$35,846,170$349,706,355
92$946,430,803$80,905,701$36,856,714$382,585,058
93$1,042,770,448$84,673,782$37,895,116$418,699,386
94$1,148,930,552$88,620,317$38,962,121$458,374,155
95$1,265,912,610$92,753,853$40,058,493$501,967,078
96$1,394,820,257$97,083,353$41,185,014$549,872,101
97$1,536,869,699$101,618,213$42,342,488$602,523,095
98$1,693,401,184$106,368,281$43,531,736$660,397,908
99$1,865,891,659$111,343,882$44,753,604$724,022,845
100$2,055,968,715$116,555,839$46,008,957$793,977,592