Can I retire at age 45 with 9,800,000?

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$809,275$802,066$795,033$788,169$781,466$758,273
2 years$400,631$393,170$385,938$378,927$372,127$348,952
3 years$264,434$256,941$249,728$242,782$236,092$213,663
4 years$196,349$188,879$181,738$174,911$168,383$146,870
5 years$155,509$148,083$141,036$134,348$128,002$107,464
6 years$128,291$120,921$113,978$107,440$101,284$81,739
7 years$108,857$101,549$94,716$88,332$82,371$63,819
8 years$94,288$87,047$80,327$74,099$68,335$50,764
9 years$82,963$75,790$69,186$63,116$57,548$40,941
10 years$73,908$66,805$60,318$54,407$49,033$33,367
11 years$66,505$59,472$53,103$47,350$42,170$27,417
12 years$60,339$53,379$47,127$41,533$36,544$22,674
13 years$55,126$48,239$42,105$36,667$31,867$18,850
14 years$50,662$43,848$37,832$32,549$27,934$15,736
15 years$46,797$40,056$34,157$29,028$24,596$13,182
16 years$43,418$36,751$30,968$25,991$21,738$11,074
17 years$40,439$33,846$28,180$23,353$19,274$9,325
18 years$37,795$31,275$25,725$21,046$17,138$7,867
19 years$35,431$28,986$23,550$19,017$15,275$6,648
20 years$33,307$26,935$21,613$17,223$13,644$5,625
21 years$31,388$25,089$19,879$15,631$12,210$4,766
22 years$29,645$23,419$18,322$14,212$10,944$4,041
23 years$28,056$21,904$16,917$12,943$9,824$3,429
24 years$26,602$20,522$15,645$11,805$8,830$2,912
25 years$25,266$19,259$14,491$10,781$7,946$2,475
26 years$24,035$18,101$13,440$9,858$7,157$2,104
27 years$22,897$17,035$12,480$9,023$6,453$1,789
28 years$21,842$16,052$11,602$8,267$5,823$1,522
29 years$20,862$15,143$10,796$7,581$5,258$1,296
30 years$19,949$14,301$10,056$6,958$4,751$1,103
31 years$19,096$13,519$9,375$6,390$4,295$939
32 years$18,298$12,792$8,747$5,872$3,885$800
33 years$17,550$12,114$8,167$5,400$3,516$681
34 years$16,848$11,481$7,631$4,969$3,183$580
35 years$16,187$10,890$7,135$4,574$2,883$494
36 years$15,565$10,336$6,674$4,213$2,612$421
37 years$14,977$9,817$6,247$3,881$2,368$359
38 years$14,422$9,330$5,850$3,577$2,147$306
39 years$13,896$8,872$5,481$3,299$1,947$261
40 years$13,398$8,441$5,137$3,042$1,766$222
41 years$12,926$8,035$4,817$2,807$1,602$189
42 years$12,477$7,652$4,519$2,591$1,454$161
43 years$12,050$7,291$4,240$2,391$1,319$138
44 years$11,644$6,950$3,980$2,208$1,197$117
45 years$11,257$6,627$3,737$2,039$1,087$100
46 years$10,888$6,322$3,510$1,884$987$85
47 years$10,535$6,033$3,298$1,740$896$73
48 years$10,198$5,759$3,099$1,608$814$62
49 years$9,876$5,500$2,913$1,486$739$53
50 years$9,568$5,254$2,738$1,374$671$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $9,800,000, adding $5,988 every year, while hoping to spend $39,161 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: 51/35/14 Blend
44$9,800,000$9,800,000$9,800,000$9,800,000
45$10,805,777$10,286,377$10,134,477$11,315,607
46$11,866,299$10,748,742$10,432,315$12,128,027
47$13,033,682$11,232,451$10,738,818$13,006,158
48$14,318,784$11,738,508$11,054,235$13,959,948
49$15,733,570$12,267,965$11,378,822$14,996,544
50$17,291,224$12,821,925$11,712,842$16,123,798
51$19,006,272$13,401,543$12,056,566$17,350,340
52$20,894,723$14,008,029$12,410,272$18,685,650
53$22,974,215$14,642,653$12,774,246$20,140,148
54$25,264,185$15,306,742$13,148,783$21,725,289
55$27,786,049$16,001,690$13,534,184$23,453,665
56$30,563,408$16,728,955$13,930,762$25,339,121
57$33,622,268$17,490,066$14,338,835$27,396,880
58$36,991,286$18,286,626$14,758,732$29,643,683
59$40,702,039$19,120,312$15,190,791$32,097,944
60$44,789,324$19,992,885$15,635,361$34,779,915
61$49,291,487$20,906,188$16,092,797$37,711,876
62$54,250,780$21,862,153$16,563,467$40,918,336
63$59,713,766$22,862,804$17,047,749$44,426,262
64$65,731,752$23,910,264$17,546,030$48,265,326
65$72,361,279$25,006,755$18,058,711$52,468,179
66$79,664,652$26,154,608$18,586,200$57,070,752
67$87,710,528$27,356,266$19,128,919$62,112,590
68$96,574,566$28,614,287$19,687,302$67,637,218
69$106,340,139$29,931,355$20,261,795$73,692,542
70$117,099,122$31,310,280$20,852,854$80,331,296
71$128,952,759$32,754,010$21,460,950$87,611,532
72$142,012,617$34,265,633$22,086,569$95,597,156
73$156,401,640$35,848,386$22,730,205$104,358,528
74$172,255,312$37,505,661$23,392,371$113,973,110
75$189,722,930$39,241,014$24,073,592$124,526,193
76$208,969,019$41,058,174$24,774,408$136,111,689
77$230,174,881$42,961,047$25,495,372$148,833,009
78$253,540,308$44,953,727$26,237,057$162,804,027
79$279,285,468$47,040,508$27,000,046$178,150,142
80$307,652,981$49,225,889$27,784,944$195,009,451
81$338,910,214$51,514,586$28,592,368$213,534,041
82$373,351,798$53,911,543$29,422,954$233,891,407
83$411,302,415$56,421,942$30,277,357$256,266,025
84$453,119,859$59,051,216$31,156,247$280,861,075
85$499,198,419$61,805,059$32,060,314$307,900,345
86$549,972,591$64,689,441$32,990,269$337,630,327
87$605,921,191$67,710,619$33,946,839$370,322,526
88$667,571,868$70,875,155$34,930,773$406,276,009
89$735,506,085$74,189,924$35,942,840$445,820,208
90$810,364,611$77,662,136$36,983,831$489,318,009
91$892,853,570$81,299,349$38,054,558$537,169,159
92$983,751,103$85,109,486$39,155,855$589,814,020
93$1,083,914,719$89,100,853$40,288,579$647,737,704
94$1,194,289,384$93,282,160$41,453,610$711,474,625
95$1,315,916,450$97,662,534$42,651,855$781,613,526
96$1,449,943,477$102,251,547$43,884,241$858,803,009
97$1,597,635,073$107,059,234$45,151,724$943,757,631
98$1,760,384,828$112,096,114$46,455,285$1,037,264,623
99$1,939,728,474$117,373,218$47,795,930$1,140,191,292
100$2,137,358,380$122,902,107$49,174,696$1,253,493,179