Can I retire at age 45 with 7,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12%
1 years$578,053$572,904$567,881$562,978$558,190$553,513
2 years$286,165$280,836$275,670$270,662$265,805$261,091
3 years$188,882$183,529$178,377$173,416$168,637$164,033
4 years$140,249$134,913$129,813$124,936$120,274$115,814
5 years$111,078$105,774$100,740$95,963$91,430$87,128
6 years$91,636$86,372$81,413$76,743$72,346$68,207
7 years$77,755$72,535$67,655$63,094$58,836$54,863
8 years$67,349$62,176$57,376$52,928$48,810$45,002
9 years$59,259$54,135$49,418$45,083$41,105$37,461
10 years$52,792$47,718$43,084$38,862$35,024$31,541
11 years$47,503$42,480$37,930$33,822$30,122$26,799
12 years$43,099$38,128$33,662$29,666$26,103$22,936
13 years$39,376$34,457$30,075$26,191$22,762$19,748
14 years$36,187$31,320$27,023$23,249$19,953$17,088
15 years$33,426$28,611$24,398$20,734$17,568$14,848
16 years$31,013$26,250$22,120$18,565$15,527$12,947
17 years$28,885$24,176$20,128$16,681$13,767$11,323
18 years$26,996$22,339$18,375$15,033$12,241$9,929
19 years$25,308$20,704$16,821$13,583$10,911$8,725
20 years$23,791$19,239$15,438$12,302$9,746$7,682
21 years$22,420$17,921$14,200$11,165$8,721$6,775
22 years$21,175$16,728$13,087$10,152$7,817$5,984
23 years$20,040$15,645$12,084$9,245$7,017$5,292
24 years$19,001$14,659$11,175$8,432$6,307$4,685
25 years$18,047$13,757$10,351$7,701$5,676$4,151
26 years$17,168$12,929$9,600$7,041$5,112$3,682
27 years$16,355$12,168$8,914$6,445$4,609$3,268
28 years$15,601$11,466$8,287$5,905$4,159$2,903
29 years$14,901$10,816$7,712$5,415$3,756$2,579
30 years$14,249$10,215$7,183$4,970$3,393$2,294
31 years$13,640$9,657$6,697$4,564$3,068$2,040
32 years$13,070$9,137$6,248$4,195$2,775$1,816
33 years$12,536$8,653$5,834$3,857$2,512$1,616
34 years$12,034$8,201$5,451$3,549$2,274$1,439
35 years$11,562$7,779$5,096$3,267$2,060$1,282
36 years$11,118$7,383$4,767$3,009$1,866$1,143
37 years$10,698$7,012$4,462$2,772$1,691$1,018
38 years$10,301$6,664$4,179$2,555$1,533$908
39 years$9,926$6,337$3,915$2,356$1,390$809
40 years$9,570$6,029$3,669$2,173$1,261$722
41 years$9,233$5,739$3,441$2,005$1,144$644
42 years$8,912$5,466$3,228$1,850$1,038$574
43 years$8,607$5,208$3,029$1,708$942$512
44 years$8,317$4,964$2,843$1,577$855$457
45 years$8,041$4,734$2,669$1,457$776$408
46 years$7,777$4,516$2,507$1,345$705$364
47 years$7,525$4,309$2,355$1,243$640$324
48 years$7,285$4,114$2,213$1,149$581$290
49 years$7,055$3,928$2,080$1,062$528$258
50 years$6,834$3,753$1,956$981$480$231

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $7,000,000, adding $4,365 every year, while hoping to spend $41,684 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: 31/44/25 Blend
44$7,000,000$7,000,000$7,000,000$7,000,000
45$7,718,502$7,347,502$7,239,002$7,898,208
46$8,461,438$7,663,179$7,437,158$8,351,919
47$9,278,756$7,992,926$7,640,554$8,835,968
48$10,178,000$8,337,390$7,849,323$9,356,187
49$11,167,480$8,697,246$8,063,599$9,915,764
50$12,256,354$9,073,201$8,283,520$10,518,188
51$13,454,711$9,465,997$8,509,227$11,167,284
52$14,773,669$9,876,409$8,740,864$11,867,245
53$16,225,478$10,305,248$8,978,578$12,622,670
54$17,823,636$10,753,364$9,222,519$13,438,600
55$19,583,015$11,221,647$9,472,842$14,320,568
56$21,520,004$11,711,029$9,729,704$15,274,641
57$23,652,661$12,222,486$9,993,265$16,307,483
58$26,000,884$12,757,040$10,263,691$17,426,403
59$28,586,598$13,315,759$10,541,149$18,639,431
60$31,433,965$13,899,765$10,825,812$19,955,380
61$34,569,607$14,510,230$11,117,853$21,383,933
62$38,022,859$15,148,384$11,417,454$22,935,726
63$41,826,048$15,815,512$11,724,796$24,622,442
64$46,014,796$16,512,963$12,040,067$26,456,921
65$50,628,354$17,242,148$12,363,459$28,453,274
66$55,709,977$18,004,543$12,695,165$30,627,009
67$61,307,327$18,801,699$13,035,386$32,995,175
68$67,472,928$19,635,235$13,384,325$35,576,517
69$74,264,656$20,506,851$13,742,189$38,391,643
70$81,746,289$21,418,325$14,109,191$41,463,218
71$89,988,107$22,371,520$14,485,546$44,816,167
72$99,067,558$23,368,389$14,871,475$48,477,905
73$109,069,984$24,410,974$15,267,204$52,478,588
74$120,089,429$25,501,419$15,672,962$56,851,393
75$132,229,528$26,641,966$16,088,984$61,632,820
76$145,604,484$27,834,966$16,515,509$66,863,027
77$160,340,142$29,082,880$16,952,779$72,586,208
78$176,575,184$30,388,288$17,401,045$78,850,993
79$194,462,430$31,753,893$17,860,558$85,710,901
80$214,170,288$33,182,524$18,331,576$93,224,837
81$235,884,338$34,677,147$18,814,364$101,457,636
82$259,809,084$36,240,871$19,309,189$110,480,665
83$286,169,887$37,876,950$19,816,323$120,372,485
84$315,215,090$39,588,796$20,336,045$131,219,581
85$347,218,365$41,379,982$20,868,638$143,117,168
86$382,481,290$43,254,253$21,414,390$156,170,074
87$421,336,204$45,215,534$21,973,594$170,493,720
88$464,149,336$47,267,934$22,546,548$186,215,192
89$511,324,268$49,415,763$23,133,557$203,474,428
90$563,305,741$51,663,533$23,734,930$222,425,526
91$620,583,857$54,015,976$24,350,980$243,238,178
92$683,698,699$56,478,048$24,982,027$266,099,259
93$753,245,437$59,054,943$25,628,395$291,214,571
94$829,879,941$61,752,104$26,290,416$318,810,770
95$914,324,973$64,575,236$26,968,423$349,137,488
96$1,007,377,013$67,530,315$27,662,758$382,469,664
97$1,109,913,774$70,623,606$28,373,766$419,110,124
98$1,222,902,490$73,861,674$29,101,798$459,392,415
99$1,347,409,047$77,251,399$29,847,211$503,683,934
100$1,484,608,044$80,799,991$30,610,367$552,389,369