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%17%
1 years$578,053$572,904$567,881$562,978$558,190$542,278
2 years$286,165$280,836$275,670$270,662$265,805$249,898
3 years$188,882$183,529$178,377$173,416$168,637$153,234
4 years$140,249$134,913$129,813$124,936$120,274$105,491
5 years$111,078$105,774$100,740$95,963$91,430$77,309
6 years$91,636$86,372$81,413$76,743$72,346$58,899
7 years$77,755$72,535$67,655$63,094$58,836$46,065
8 years$67,349$62,176$57,376$52,928$48,810$36,707
9 years$59,259$54,135$49,418$45,083$41,105$29,657
10 years$52,792$47,718$43,084$38,862$35,024$24,216
11 years$47,503$42,480$37,930$33,822$30,122$19,937
12 years$43,099$38,128$33,662$29,666$26,103$16,521
13 years$39,376$34,457$30,075$26,191$22,762$13,762
14 years$36,187$31,320$27,023$23,249$19,953$11,513
15 years$33,426$28,611$24,398$20,734$17,568$9,665
16 years$31,013$26,250$22,120$18,565$15,527$8,136
17 years$28,885$24,176$20,128$16,681$13,767$6,866
18 years$26,996$22,339$18,375$15,033$12,241$5,806
19 years$25,308$20,704$16,821$13,583$10,911$4,917
20 years$23,791$19,239$15,438$12,302$9,746$4,170
21 years$22,420$17,921$14,200$11,165$8,721$3,541
22 years$21,175$16,728$13,087$10,152$7,817$3,010
23 years$20,040$15,645$12,084$9,245$7,017$2,560
24 years$19,001$14,659$11,175$8,432$6,307$2,180
25 years$18,047$13,757$10,351$7,701$5,676$1,856
26 years$17,168$12,929$9,600$7,041$5,112$1,582
27 years$16,355$12,168$8,914$6,445$4,609$1,349
28 years$15,601$11,466$8,287$5,905$4,159$1,150
29 years$14,901$10,816$7,712$5,415$3,756$981
30 years$14,249$10,215$7,183$4,970$3,393$838
31 years$13,640$9,657$6,697$4,564$3,068$715
32 years$13,070$9,137$6,248$4,195$2,775$610
33 years$12,536$8,653$5,834$3,857$2,512$521
34 years$12,034$8,201$5,451$3,549$2,274$445
35 years$11,562$7,779$5,096$3,267$2,060$380
36 years$11,118$7,383$4,767$3,009$1,866$325
37 years$10,698$7,012$4,462$2,772$1,691$277
38 years$10,301$6,664$4,179$2,555$1,533$237
39 years$9,926$6,337$3,915$2,356$1,390$202
40 years$9,570$6,029$3,669$2,173$1,261$173
41 years$9,233$5,739$3,441$2,005$1,144$148
42 years$8,912$5,466$3,228$1,850$1,038$126
43 years$8,607$5,208$3,029$1,708$942$108
44 years$8,317$4,964$2,843$1,577$855$92
45 years$8,041$4,734$2,669$1,457$776$79
46 years$7,777$4,516$2,507$1,345$705$67
47 years$7,525$4,309$2,355$1,243$640$58
48 years$7,285$4,114$2,213$1,149$581$49
49 years$7,055$3,928$2,080$1,062$528$42
50 years$6,834$3,753$1,956$981$480$36

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 $4,622 every year, while hoping to spend $59,914 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: 40/50/10 Blend
39$7,000,000$7,000,000$7,000,000$7,000,000
40$7,718,768$7,347,768$7,239,268$8,004,188
41$8,442,334$7,644,060$7,418,035$8,501,721
42$9,237,696$7,952,863$7,600,783$9,033,308
43$10,112,113$8,274,726$7,787,582$9,607,016
44$11,073,585$8,610,223$7,978,502$10,226,680
45$12,130,923$8,959,957$8,173,614$10,896,505
46$13,293,836$9,324,553$8,372,989$11,621,110
47$14,573,021$9,704,670$8,576,698$12,405,560
48$15,980,264$10,100,995$8,784,813$13,255,420
49$17,528,552$10,514,244$8,997,404$14,176,797
50$19,232,191$10,945,168$9,214,544$15,176,399
51$21,106,946$11,394,554$9,436,303$16,261,595
52$23,170,189$11,863,221$9,662,753$17,440,479
53$25,441,057$12,352,028$9,893,965$18,721,947
54$27,940,641$12,861,873$10,130,009$20,115,773
55$30,692,177$13,393,696$10,370,955$21,632,699
56$33,721,270$13,948,477$10,616,872$23,284,535
57$37,056,133$14,527,246$10,867,831$25,084,262
58$40,727,853$15,131,076$11,123,898$27,046,157
59$44,770,687$15,761,092$11,385,142$29,185,914
60$49,222,381$16,418,469$11,651,628$31,520,797
61$54,124,528$17,104,438$11,923,421$34,069,792
62$59,522,959$17,820,285$12,200,585$36,853,784
63$65,468,179$18,567,357$12,483,183$39,895,747
64$72,015,839$19,347,063$12,771,275$43,220,959
65$79,227,262$20,160,877$13,064,920$46,857,229
66$87,170,023$21,010,340$13,364,176$50,835,160
67$95,918,586$21,897,067$13,669,096$55,188,427
68$105,555,004$22,822,746$13,979,733$59,954,092
69$116,169,698$23,789,144$14,296,137$65,172,943
70$127,862,305$24,798,110$14,618,356$70,889,877
71$140,742,622$25,851,579$14,946,433$77,154,311
72$154,931,640$26,951,577$15,280,409$84,020,645
73$170,562,685$28,100,222$15,620,321$91,548,765
74$187,782,680$29,299,734$15,966,202$99,804,601
75$206,753,526$30,552,434$16,318,083$108,860,742
76$227,653,635$31,860,752$16,675,987$118,797,107
77$250,679,608$33,227,231$17,039,936$129,701,698
78$276,048,099$34,654,536$17,409,944$141,671,411
79$303,997,849$36,145,452$17,786,021$154,812,948
80$334,791,948$37,702,898$18,168,171$169,243,810
81$368,720,314$39,329,927$18,556,393$185,093,396
82$406,102,431$41,029,738$18,950,676$202,504,210
83$447,290,361$42,805,679$19,351,007$221,633,196
84$492,672,074$44,661,252$19,757,361$242,653,207
85$542,675,101$46,600,129$20,169,708$265,754,622
86$597,770,577$48,626,151$20,588,009$291,147,127
87$658,477,684$50,743,341$21,012,215$319,061,684
88$725,368,552$52,955,909$21,442,270$349,752,691
89$799,073,663$55,268,267$21,878,104$383,500,371
90$880,287,797$57,685,033$22,319,641$420,613,399
91$969,776,595$60,211,041$22,766,791$461,431,795
92$1,068,383,782$62,851,357$23,219,453$506,330,121
93$1,177,039,136$65,611,282$23,677,513$555,720,993
94$1,296,767,263$68,496,370$24,140,845$610,058,957
95$1,428,697,268$71,512,436$24,609,308$669,844,759
96$1,574,073,416$74,665,572$25,082,746$735,630,050
97$1,734,266,875$77,962,156$25,560,988$808,022,570
98$1,910,788,663$81,408,868$26,043,848$887,691,862
99$2,105,303,910$85,012,706$26,531,121$975,375,563
100$2,319,647,578$88,780,999$27,022,583$1,071,886,347