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%14.3%
1 years$578,053$572,904$567,881$562,978$558,190$548,266
2 years$286,165$280,836$275,670$270,662$265,805$255,840
3 years$188,882$183,529$178,377$173,416$168,637$158,943
4 years$140,249$134,913$129,813$124,936$120,274$110,924
5 years$111,078$105,774$100,740$95,963$91,430$82,452
6 years$91,636$86,372$81,413$76,743$72,346$63,749
7 years$77,755$72,535$67,655$63,094$58,836$50,623
8 years$67,349$62,176$57,376$52,928$48,810$40,980
9 years$59,259$54,135$49,418$45,083$41,105$33,652
10 years$52,792$47,718$43,084$38,862$35,024$27,941
11 years$47,503$42,480$37,930$33,822$30,122$23,402
12 years$43,099$38,128$33,662$29,666$26,103$19,737
13 years$39,376$34,457$30,075$26,191$22,762$16,741
14 years$36,187$31,320$27,023$23,249$19,953$14,265
15 years$33,426$28,611$24,398$20,734$17,568$12,203
16 years$31,013$26,250$22,120$18,565$15,527$10,472
17 years$28,885$24,176$20,128$16,681$13,767$9,011
18 years$26,996$22,339$18,375$15,033$12,241$7,772
19 years$25,308$20,704$16,821$13,583$10,911$6,717
20 years$23,791$19,239$15,438$12,302$9,746$5,814
21 years$22,420$17,921$14,200$11,165$8,721$5,040
22 years$21,175$16,728$13,087$10,152$7,817$4,374
23 years$20,040$15,645$12,084$9,245$7,017$3,800
24 years$19,001$14,659$11,175$8,432$6,307$3,305
25 years$18,047$13,757$10,351$7,701$5,676$2,876
26 years$17,168$12,929$9,600$7,041$5,112$2,505
27 years$16,355$12,168$8,914$6,445$4,609$2,183
28 years$15,601$11,466$8,287$5,905$4,159$1,903
29 years$14,901$10,816$7,712$5,415$3,756$1,660
30 years$14,249$10,215$7,183$4,970$3,393$1,448
31 years$13,640$9,657$6,697$4,564$3,068$1,264
32 years$13,070$9,137$6,248$4,195$2,775$1,104
33 years$12,536$8,653$5,834$3,857$2,512$964
34 years$12,034$8,201$5,451$3,549$2,274$842
35 years$11,562$7,779$5,096$3,267$2,060$736
36 years$11,118$7,383$4,767$3,009$1,866$643
37 years$10,698$7,012$4,462$2,772$1,691$562
38 years$10,301$6,664$4,179$2,555$1,533$491
39 years$9,926$6,337$3,915$2,356$1,390$429
40 years$9,570$6,029$3,669$2,173$1,261$375
41 years$9,233$5,739$3,441$2,005$1,144$328
42 years$8,912$5,466$3,228$1,850$1,038$287
43 years$8,607$5,208$3,029$1,708$942$251
44 years$8,317$4,964$2,843$1,577$855$220
45 years$8,041$4,734$2,669$1,457$776$192
46 years$7,777$4,516$2,507$1,345$705$168
47 years$7,525$4,309$2,355$1,243$640$147
48 years$7,285$4,114$2,213$1,149$581$128
49 years$7,055$3,928$2,080$1,062$528$112
50 years$6,834$3,753$1,956$981$480$98

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 $6,681 every year, while hoping to spend $48,052 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: 37/47/16 Blend
39$7,000,000$7,000,000$7,000,000$7,000,000
40$7,720,891$7,349,891$7,241,391$7,968,814
41$8,457,295$7,658,909$7,432,851$8,456,927
42$9,267,202$7,981,458$7,629,114$8,978,745
43$10,158,058$8,318,151$7,830,291$9,541,359
44$11,138,068$8,669,628$8,036,493$10,148,448
45$12,216,271$9,036,560$8,247,836$10,804,047
46$13,402,627$9,419,649$8,464,436$11,512,584
47$14,708,112$9,819,628$8,686,411$12,278,914
48$16,144,816$10,237,266$8,913,882$13,108,367
49$17,726,062$10,673,368$9,146,972$14,006,792
50$19,466,532$11,128,774$9,385,807$14,980,610
51$21,382,401$11,604,366$9,630,514$16,036,873
52$23,491,492$12,101,067$9,881,223$17,183,325
53$25,813,445$12,619,840$10,138,065$18,428,470
54$28,369,901$13,161,697$10,401,174$19,781,653
55$31,184,705$13,727,694$10,670,688$21,253,141
56$34,284,133$14,318,939$10,946,744$22,854,216
57$37,697,138$14,936,590$11,229,483$24,597,279
58$41,455,625$15,581,862$11,519,049$26,495,960
59$45,594,748$16,256,022$11,815,587$28,565,244
60$50,153,248$16,960,403$12,119,245$30,821,606
61$55,173,811$17,696,394$12,430,171$33,283,163
62$60,703,477$18,465,455$12,748,519$35,969,839
63$66,794,080$19,269,111$13,074,443$38,903,547
64$73,502,738$20,108,959$13,408,099$42,108,390
65$80,892,393$20,986,674$13,749,646$45,610,883
66$89,032,402$21,904,006$14,099,244$49,440,196
67$97,999,195$22,862,790$14,457,057$53,628,425
68$107,876,994$23,864,948$14,823,249$58,210,885
69$118,758,608$24,912,491$15,197,989$63,226,437
70$130,746,309$26,007,526$15,581,444$68,717,849
71$143,952,796$27,152,258$15,973,786$74,732,189
72$158,502,261$28,348,999$16,375,188$81,321,263
73$174,531,560$29,600,168$16,785,824$88,542,094
74$192,191,502$30,908,299$17,205,872$96,457,453
75$211,648,276$32,276,047$17,635,511$105,136,441
76$233,085,019$33,706,191$18,074,919$114,655,129
77$256,703,541$35,201,645$18,524,278$125,097,269
78$282,726,233$36,765,456$18,983,773$136,555,075
79$311,398,166$38,400,821$19,453,587$149,130,077
80$342,989,403$40,111,086$19,933,906$162,934,072
81$377,797,548$41,899,754$20,424,917$178,090,163
82$416,150,555$43,770,500$20,926,809$194,733,912
83$458,409,826$45,727,168$21,439,771$213,014,606
84$504,973,617$47,773,788$21,963,992$233,096,649
85$556,280,803$49,914,581$22,499,663$255,161,099
86$612,815,018$52,153,969$23,046,975$279,407,365
87$675,109,221$54,496,584$23,606,120$306,055,074
88$743,750,726$56,947,281$24,177,289$335,346,120
89$819,386,745$59,511,143$24,760,673$367,546,937
90$902,730,502$62,193,497$25,356,465$402,950,994
91$994,567,960$64,999,926$25,964,854$441,881,543
92$1,095,765,247$67,936,277$26,586,031$484,694,653
93$1,207,276,824$71,008,677$27,220,185$531,782,551
94$1,330,154,503$74,223,545$27,867,504$583,577,297
95$1,465,557,372$77,587,608$28,528,175$640,554,846
96$1,614,762,737$81,107,914$29,202,382$703,239,514
97$1,779,178,183$84,791,849$29,890,309$772,208,900
98$1,960,354,858$88,647,150$30,592,134$848,099,315
99$2,160,002,120$92,681,926$31,308,037$931,611,761
100$2,380,003,671$96,904,675$32,038,191$1,023,518,517