Can I retire at age 40 with 7,000,000?

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 $7,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$578,053$572,904$567,881$562,978$558,190$543,813
2 years$286,165$280,836$275,670$270,662$265,805$251,416
3 years$188,882$183,529$178,377$173,416$168,637$154,687
4 years$140,249$134,913$129,813$124,936$120,274$106,869
5 years$111,078$105,774$100,740$95,963$91,430$78,608
6 years$91,636$86,372$81,413$76,743$72,346$60,118
7 years$77,755$72,535$67,655$63,094$58,836$47,205
8 years$67,349$62,176$57,376$52,928$48,810$37,770
9 years$59,259$54,135$49,418$45,083$41,105$30,646
10 years$52,792$47,718$43,084$38,862$35,024$25,133
11 years$47,503$42,480$37,930$33,822$30,122$20,785
12 years$43,099$38,128$33,662$29,666$26,103$17,303
13 years$39,376$34,457$30,075$26,191$22,762$14,482
14 years$36,187$31,320$27,023$23,249$19,953$12,173
15 years$33,426$28,611$24,398$20,734$17,568$10,269
16 years$31,013$26,250$22,120$18,565$15,527$8,689
17 years$28,885$24,176$20,128$16,681$13,767$7,370
18 years$26,996$22,339$18,375$15,033$12,241$6,264
19 years$25,308$20,704$16,821$13,583$10,911$5,333
20 years$23,791$19,239$15,438$12,302$9,746$4,547
21 years$22,420$17,921$14,200$11,165$8,721$3,882
22 years$21,175$16,728$13,087$10,152$7,817$3,318
23 years$20,040$15,645$12,084$9,245$7,017$2,838
24 years$19,001$14,659$11,175$8,432$6,307$2,429
25 years$18,047$13,757$10,351$7,701$5,676$2,081
26 years$17,168$12,929$9,600$7,041$5,112$1,783
27 years$16,355$12,168$8,914$6,445$4,609$1,529
28 years$15,601$11,466$8,287$5,905$4,159$1,312
29 years$14,901$10,816$7,712$5,415$3,756$1,125
30 years$14,249$10,215$7,183$4,970$3,393$966
31 years$13,640$9,657$6,697$4,564$3,068$829
32 years$13,070$9,137$6,248$4,195$2,775$712
33 years$12,536$8,653$5,834$3,857$2,512$612
34 years$12,034$8,201$5,451$3,549$2,274$525
35 years$11,562$7,779$5,096$3,267$2,060$451
36 years$11,118$7,383$4,767$3,009$1,866$388
37 years$10,698$7,012$4,462$2,772$1,691$333
38 years$10,301$6,664$4,179$2,555$1,533$286
39 years$9,926$6,337$3,915$2,356$1,390$246
40 years$9,570$6,029$3,669$2,173$1,261$212
41 years$9,233$5,739$3,441$2,005$1,144$182
42 years$8,912$5,466$3,228$1,850$1,038$156
43 years$8,607$5,208$3,029$1,708$942$134
44 years$8,317$4,964$2,843$1,577$855$116
45 years$8,041$4,734$2,669$1,457$776$99
46 years$7,777$4,516$2,507$1,345$705$85
47 years$7,525$4,309$2,355$1,243$640$73
48 years$7,285$4,114$2,213$1,149$581$63
49 years$7,055$3,928$2,080$1,062$528$54
50 years$6,834$3,753$1,956$981$480$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $7,000,000, adding $5,773 every year, while hoping to spend $50,028 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: 62/15/23 Blend
39$7,000,000$7,000,000$7,000,000$7,000,000
40$7,719,955$7,348,955$7,240,455$8,151,566
41$8,454,161$7,655,824$7,429,781$8,751,128
42$9,261,579$7,976,053$7,623,772$9,399,421
43$10,149,625$8,310,244$7,822,533$10,106,136
44$11,126,467$8,659,027$8,026,168$10,876,979
45$12,201,106$9,023,059$8,234,785$11,718,230
46$13,383,461$9,403,031$8,448,492$12,636,798
47$14,684,458$9,799,663$8,667,400$13,640,290
48$16,116,137$10,213,711$8,891,623$14,737,078
49$17,691,764$10,645,964$9,121,273$15,936,376
50$19,425,956$11,097,248$9,356,468$17,248,331
51$21,334,819$11,568,429$9,597,325$18,684,109
52$23,436,099$12,060,411$9,843,964$20,256,008
53$25,749,352$12,574,142$10,096,508$21,977,566
54$28,296,124$13,110,613$10,355,079$23,863,690
55$31,100,157$13,670,861$10,619,802$25,930,795
56$34,187,613$14,255,974$10,890,806$28,196,958
57$37,587,320$14,867,087$11,168,218$30,682,083
58$41,331,043$15,505,390$11,452,170$33,408,094
59$45,453,785$16,172,129$11,742,793$36,399,132
60$49,994,116$16,868,609$12,040,221$39,681,789
61$54,994,538$17,596,193$12,344,591$43,285,350
62$60,501,886$18,356,312$12,656,040$47,242,072
63$66,567,767$19,150,460$12,974,706$51,587,484
64$73,249,051$19,980,204$13,300,730$56,360,722
65$80,608,404$20,847,183$13,634,254$61,604,893
66$88,714,881$21,753,115$13,975,422$67,367,485
67$97,644,578$22,699,797$14,324,378$73,700,805
68$107,481,349$23,689,111$14,681,268$80,662,478
69$118,317,596$24,723,028$15,046,241$88,315,981
70$130,255,146$25,803,610$15,419,444$96,731,247
71$143,406,203$26,933,020$15,801,028$105,985,316
72$157,894,417$28,113,519$16,191,144$116,163,060
73$173,856,043$29,347,477$16,589,943$127,357,985
74$191,441,232$30,637,376$16,997,578$139,673,106
75$210,815,444$31,985,814$17,414,204$153,221,918
76$232,161,013$33,395,512$17,839,973$168,129,465
77$255,678,865$34,869,321$18,275,040$184,533,512
78$281,590,416$36,410,225$18,719,562$202,585,848
79$310,139,664$38,021,352$19,173,693$222,453,710
80$341,595,487$39,705,974$19,637,588$244,321,358
81$376,254,183$41,467,524$20,111,404$268,391,813
82$414,442,268$43,309,591$20,595,295$294,888,768
83$456,519,558$45,235,940$21,089,416$324,058,690
84$502,882,564$47,250,512$21,593,922$356,173,149
85$553,968,233$49,357,435$22,108,966$391,531,373
86$610,258,078$51,561,034$22,634,701$430,463,066
87$672,282,717$53,865,840$23,171,279$473,331,519
88$740,626,886$56,276,598$23,718,849$520,537,029
89$815,934,957$58,798,280$24,277,559$572,520,674
90$898,917,022$61,436,094$24,847,556$629,768,473
91$990,355,593$64,195,498$25,428,984$692,815,963
92$1,091,112,993$67,082,207$26,021,985$762,253,251
93$1,202,139,494$70,102,210$26,626,696$838,730,576
94$1,324,482,286$73,261,782$27,243,255$922,964,442
95$1,459,295,367$76,567,497$27,871,791$1,015,744,371
96$1,607,850,432$80,026,243$28,512,434$1,117,940,352
97$1,771,548,883$83,645,235$29,165,308$1,230,511,044
98$1,951,935,054$87,432,036$29,830,530$1,354,512,817
99$2,150,710,791$91,394,568$30,508,215$1,491,109,714
100$2,369,751,523$95,541,133$31,198,471$1,641,584,436