Can I retire at age 45 with 9,700,000?

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 $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$801,017$793,882$786,921$780,126$773,492$743,096
2 years$396,543$389,158$382,000$375,061$368,329$338,078
3 years$261,736$254,319$247,180$240,305$233,683$204,529
4 years$194,346$186,951$179,883$173,126$166,665$138,830
5 years$153,922$146,572$139,597$132,978$126,696$100,251
6 years$126,982$119,687$112,815$106,343$100,250$75,212
7 years$107,746$100,513$93,750$87,431$81,530$57,890
8 years$93,326$86,158$79,507$73,343$67,637$45,372
9 years$82,117$75,016$68,480$62,472$56,960$36,036
10 years$73,154$66,123$59,702$53,852$48,533$28,910
11 years$65,826$58,866$52,561$46,867$41,740$23,373
12 years$59,723$52,835$46,646$41,109$36,171$19,011
13 years$54,564$47,747$41,675$36,293$31,542$15,537
14 years$50,145$43,401$37,446$32,217$27,649$12,747
15 years$46,319$39,647$33,808$28,732$24,345$10,490
16 years$42,975$36,376$30,652$25,726$21,516$8,654
17 years$40,027$33,501$27,892$23,115$19,078$7,154
18 years$37,409$30,956$25,462$20,831$16,963$5,924
19 years$35,070$28,690$23,309$18,823$15,119$4,912
20 years$32,967$26,660$21,392$17,047$13,505$4,078
21 years$31,067$24,833$19,677$15,472$12,085$3,388
22 years$29,342$23,180$18,135$14,067$10,833$2,818
23 years$27,770$21,680$16,744$12,811$9,724$2,345
24 years$26,330$20,313$15,486$11,685$8,740$1,952
25 years$25,008$19,063$14,343$10,671$7,865$1,626
26 years$23,790$17,916$13,302$9,757$7,084$1,355
27 years$22,663$16,861$12,352$8,931$6,387$1,129
28 years$21,619$15,888$11,483$8,183$5,763$941
29 years$20,649$14,988$10,686$7,504$5,204$785
30 years$19,745$14,155$9,954$6,887$4,702$655
31 years$18,901$13,381$9,280$6,325$4,251$546
32 years$18,111$12,661$8,658$5,813$3,846$455
33 years$17,371$11,990$8,084$5,345$3,480$380
34 years$16,676$11,364$7,553$4,918$3,151$317
35 years$16,022$10,779$7,062$4,527$2,854$265
36 years$15,406$10,231$6,606$4,170$2,586$221
37 years$14,824$9,717$6,183$3,842$2,344$184
38 years$14,275$9,234$5,790$3,541$2,125$154
39 years$13,754$8,781$5,425$3,265$1,927$128
40 years$13,261$8,354$5,085$3,011$1,748$107
41 years$12,794$7,953$4,768$2,778$1,586$89
42 years$12,350$7,574$4,472$2,564$1,439$75
43 years$11,927$7,216$4,197$2,367$1,306$62
44 years$11,525$6,879$3,939$2,186$1,185$52
45 years$11,142$6,559$3,699$2,018$1,076$43
46 years$10,776$6,257$3,474$1,864$977$36
47 years$10,428$5,971$3,264$1,723$887$30
48 years$10,094$5,701$3,067$1,592$806$25
49 years$9,776$5,444$2,883$1,471$732$21
50 years$9,471$5,200$2,710$1,360$665$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $9,700,000, adding $5,003 every year, while hoping to spend $51,965 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: 76/10/14 Blend
44$9,700,000$9,700,000$9,700,000$9,700,000
45$10,694,561$10,180,461$10,030,111$11,475,646
46$11,730,115$10,624,013$10,310,829$12,435,355
47$12,869,555$11,087,557$10,599,210$13,480,162
48$14,123,421$11,572,019$10,895,455$14,624,141
49$15,503,329$12,078,367$11,199,771$15,877,149
50$17,022,075$12,607,613$11,512,370$17,250,044
51$18,693,762$13,160,822$11,833,470$18,754,779
52$20,533,927$13,739,103$12,163,292$20,404,515
53$22,559,691$14,343,623$12,502,066$22,213,747
54$24,789,920$14,975,600$12,850,025$24,198,437
55$27,245,399$15,636,312$13,207,409$26,376,163
56$29,949,035$16,327,097$13,574,462$28,766,285
57$32,926,066$17,049,355$13,951,437$31,390,124
58$36,204,306$17,804,554$14,338,590$34,271,166
59$39,814,398$18,594,230$14,736,186$37,435,277
60$43,790,114$19,419,994$15,144,496$40,910,946
61$48,168,664$20,283,533$15,563,795$44,729,557
62$52,991,053$21,186,611$15,994,367$48,925,678
63$58,302,465$22,131,079$16,436,503$53,537,388
64$64,152,690$23,118,876$16,890,499$58,606,634
65$70,596,594$24,152,031$17,356,661$64,179,625
66$77,694,637$25,232,670$17,835,299$70,307,265
67$85,513,442$26,363,023$18,326,734$77,045,632
68$94,126,424$27,545,422$18,831,290$84,456,506
69$103,614,485$28,782,314$19,349,304$92,607,948
70$114,066,774$30,076,258$19,881,117$101,574,941
71$125,581,530$31,429,940$20,427,080$111,440,096
72$138,267,009$32,846,170$20,987,550$122,294,425
73$152,242,506$34,327,895$21,562,895$134,238,203
74$167,639,481$35,878,201$22,153,491$147,381,907
75$184,602,796$37,500,321$22,759,721$161,847,261
76$203,292,088$39,197,643$23,381,979$177,768,373
77$223,883,272$40,973,719$24,020,666$195,293,008
78$246,570,201$42,832,267$24,676,194$214,583,972
79$271,566,499$44,777,185$25,348,984$235,820,648
80$299,107,572$46,812,557$26,039,465$259,200,686
81$329,452,836$48,942,664$26,748,078$284,941,864
82$362,888,159$51,171,988$27,475,273$313,284,140
83$399,728,566$53,505,231$28,221,510$344,491,911
84$440,321,208$55,947,315$28,987,258$378,856,509
85$485,048,639$58,503,402$29,773,000$416,698,943
86$534,332,431$61,178,899$30,579,226$458,372,925
87$588,637,148$63,979,474$31,406,438$504,268,206
88$648,474,734$66,911,065$32,255,151$554,814,246
89$714,409,347$69,979,897$33,125,889$610,484,269
90$787,062,681$73,192,493$34,019,187$671,799,717
91$867,119,838$76,555,689$34,935,593$739,335,176
92$955,335,793$80,076,649$35,875,667$813,723,783
93$1,052,542,522$83,762,883$36,839,980$895,663,207
94$1,159,656,856$87,622,261$37,829,116$985,922,222
95$1,277,689,134$91,663,030$38,843,670$1,085,347,961
96$1,407,752,744$95,893,837$39,884,251$1,194,873,902
97$1,551,074,630$100,323,741$40,951,480$1,315,528,678
98$1,709,006,879$104,962,241$42,045,991$1,448,445,776
99$1,883,039,480$109,819,290$43,168,431$1,594,874,231
100$2,074,814,394$114,905,323$44,319,461$1,756,190,410