Can I retire at age 45 with 9,600,000?

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 $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$792,759$785,698$778,808$772,084$765,517$737,769
2 years$392,455$385,146$378,062$371,194$364,532$336,881
3 years$259,038$251,697$244,631$237,828$231,274$204,589
4 years$192,342$185,024$178,029$171,341$164,947$139,432
5 years$152,335$145,061$138,158$131,607$125,390$101,111
6 years$125,673$118,453$111,652$105,247$99,217$76,193
7 years$106,636$99,477$92,783$86,529$80,690$58,915
8 years$92,364$85,270$78,688$72,587$66,940$46,395
9 years$81,270$74,243$67,774$61,828$56,373$37,030
10 years$72,400$65,441$59,087$53,297$48,033$29,858
11 years$65,147$58,259$52,019$46,384$41,310$24,266
12 years$59,108$52,290$46,165$40,685$35,798$19,843
13 years$54,001$47,255$41,246$35,919$31,217$16,306
14 years$49,628$42,953$37,060$31,885$27,364$13,453
15 years$45,842$39,239$33,460$28,435$24,094$11,134
16 years$42,532$36,001$30,336$25,461$21,294$9,239
17 years$39,614$33,155$27,605$22,876$18,881$7,683
18 years$37,024$30,637$25,200$20,616$16,788$6,401
19 years$34,708$28,394$23,069$18,629$14,963$5,340
20 years$32,627$26,385$21,172$16,872$13,366$4,460
21 years$30,747$24,577$19,474$15,312$11,961$3,729
22 years$29,040$22,941$17,948$13,922$10,721$3,120
23 years$27,483$21,457$16,572$12,679$9,624$2,613
24 years$26,059$20,104$15,326$11,564$8,650$2,189
25 years$24,750$18,866$14,195$10,561$7,784$1,835
26 years$23,544$17,731$13,165$9,657$7,011$1,539
27 years$22,430$16,687$12,225$8,839$6,321$1,291
28 years$21,396$15,724$11,365$8,098$5,704$1,083
29 years$20,436$14,834$10,576$7,426$5,150$909
30 years$19,541$14,009$9,851$6,816$4,654$763
31 years$18,706$13,243$9,184$6,260$4,207$641
32 years$17,925$12,531$8,569$5,753$3,806$538
33 years$17,192$11,867$8,001$5,290$3,444$452
34 years$16,504$11,247$7,475$4,867$3,118$380
35 years$15,857$10,668$6,989$4,481$2,825$319
36 years$15,247$10,125$6,538$4,127$2,559$268
37 years$14,671$9,617$6,119$3,802$2,319$225
38 years$14,127$9,139$5,731$3,504$2,103$189
39 years$13,613$8,690$5,369$3,231$1,907$159
40 years$13,125$8,268$5,032$2,980$1,730$133
41 years$12,662$7,871$4,719$2,750$1,569$112
42 years$12,222$7,496$4,426$2,538$1,424$94
43 years$11,804$7,142$4,153$2,343$1,292$79
44 years$11,406$6,808$3,899$2,163$1,173$66
45 years$11,027$6,492$3,661$1,998$1,065$56
46 years$10,665$6,193$3,438$1,845$967$47
47 years$10,320$5,910$3,230$1,705$878$39
48 years$9,990$5,642$3,036$1,575$797$33
49 years$9,675$5,388$2,853$1,456$724$28
50 years$9,373$5,146$2,682$1,346$658$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $9,600,000, adding $5,009 every year, while hoping to spend $21,838 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: 51/31/18 Blend
44$9,600,000$9,600,000$9,600,000$9,600,000
45$10,584,367$10,075,567$9,926,767$11,071,397
46$11,640,737$10,546,034$10,236,078$11,877,711
47$12,804,124$11,038,822$10,555,019$12,751,194
48$14,085,423$11,555,002$10,883,890$13,700,401
49$15,496,635$12,095,696$11,222,999$14,732,500
50$17,050,987$12,662,081$11,572,665$15,855,367
51$18,763,055$13,255,390$11,933,217$17,077,656
52$20,648,899$13,876,917$12,304,992$18,408,876
53$22,726,217$14,528,016$12,688,340$19,859,480
54$25,014,513$15,210,110$13,083,620$21,440,959
55$27,535,276$15,924,689$13,491,205$23,165,944
56$30,312,190$16,673,314$13,911,476$25,048,325
57$33,371,351$17,457,625$14,344,828$27,103,374
58$36,741,517$18,279,336$14,791,668$29,347,888
59$40,454,379$19,140,250$15,252,415$31,800,341
60$44,544,856$20,042,253$15,727,502$34,481,055
61$49,051,432$20,987,325$16,217,374$37,412,382
62$54,016,514$21,977,539$16,722,492$40,618,917
63$59,486,832$23,015,072$17,243,329$44,127,720
64$65,513,882$24,102,204$17,780,374$47,968,565
65$72,154,412$25,241,326$18,334,130$52,174,215
66$79,470,957$26,434,946$18,905,119$56,780,731
67$87,532,428$27,685,692$19,493,874$61,827,795
68$96,414,766$28,996,321$20,100,949$67,359,087
69$106,201,654$30,369,722$20,726,912$73,422,684
70$116,985,311$31,808,927$21,372,352$80,071,511
71$128,867,361$33,317,112$22,037,874$87,363,826
72$141,959,790$34,897,609$22,724,101$95,363,770
73$156,386,007$36,553,911$23,431,677$104,141,956
74$172,282,008$38,289,680$24,161,266$113,776,131
75$189,797,657$40,108,759$24,913,553$124,351,898
76$209,098,102$42,015,172$25,689,241$135,963,514
77$230,365,337$44,013,145$26,489,060$148,714,772
78$253,799,916$46,107,103$27,313,758$162,719,967
79$279,622,848$48,301,691$28,164,109$178,104,965
80$308,077,682$50,601,777$29,040,909$195,008,376
81$339,432,807$53,012,467$29,944,982$213,582,854
82$373,983,989$55,539,113$30,877,174$233,996,524
83$412,057,155$58,187,329$31,838,359$256,434,551
84$454,011,479$60,963,002$32,829,438$281,100,880
85$500,242,765$63,872,305$33,851,340$308,220,143
86$551,187,189$66,921,710$34,905,022$338,039,760
87$607,325,414$70,118,005$35,991,471$370,832,266
88$669,187,127$73,468,308$37,111,707$406,897,860
89$737,356,043$76,980,084$38,266,777$446,567,223
90$812,475,410$80,661,159$39,457,765$490,204,622
91$895,254,088$84,519,742$40,685,787$538,211,325
92$986,473,236$88,564,440$41,951,992$591,029,375
93$1,086,993,689$92,804,281$43,257,566$649,145,733
94$1,197,764,084$97,248,729$44,603,733$713,096,858
95$1,319,829,816$101,907,712$45,991,754$783,473,746
96$1,454,342,907$106,791,640$47,422,927$860,927,485
97$1,602,572,883$111,911,429$48,898,594$946,175,371
98$1,765,918,756$117,278,528$50,420,137$1,040,007,659
99$1,945,922,238$122,904,944$51,988,979$1,143,294,990
100$2,144,282,286$128,803,267$53,606,590$1,256,996,582