Can I retire at age 45 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%14.1%
1 years$578,053$572,904$567,881$562,978$558,190$548,717
2 years$286,165$280,836$275,670$270,662$265,805$256,290
3 years$188,882$183,529$178,377$173,416$168,637$159,377
4 years$140,249$134,913$129,813$124,936$120,274$111,339
5 years$111,078$105,774$100,740$95,963$91,430$82,847
6 years$91,636$86,372$81,413$76,743$72,346$64,124
7 years$77,755$72,535$67,655$63,094$58,836$50,979
8 years$67,349$62,176$57,376$52,928$48,810$41,315
9 years$59,259$54,135$49,418$45,083$41,105$33,968
10 years$52,792$47,718$43,084$38,862$35,024$28,238
11 years$47,503$42,480$37,930$33,822$30,122$23,681
12 years$43,099$38,128$33,662$29,666$26,103$19,998
13 years$39,376$34,457$30,075$26,191$22,762$16,984
14 years$36,187$31,320$27,023$23,249$19,953$14,492
15 years$33,426$28,611$24,398$20,734$17,568$12,414
16 years$31,013$26,250$22,120$18,565$15,527$10,668
17 years$28,885$24,176$20,128$16,681$13,767$9,193
18 years$26,996$22,339$18,375$15,033$12,241$7,941
19 years$25,308$20,704$16,821$13,583$10,911$6,872
20 years$23,791$19,239$15,438$12,302$9,746$5,958
21 years$22,420$17,921$14,200$11,165$8,721$5,172
22 years$21,175$16,728$13,087$10,152$7,817$4,496
23 years$20,040$15,645$12,084$9,245$7,017$3,912
24 years$19,001$14,659$11,175$8,432$6,307$3,407
25 years$18,047$13,757$10,351$7,701$5,676$2,970
26 years$17,168$12,929$9,600$7,041$5,112$2,591
27 years$16,355$12,168$8,914$6,445$4,609$2,261
28 years$15,601$11,466$8,287$5,905$4,159$1,975
29 years$14,901$10,816$7,712$5,415$3,756$1,725
30 years$14,249$10,215$7,183$4,970$3,393$1,508
31 years$13,640$9,657$6,697$4,564$3,068$1,318
32 years$13,070$9,137$6,248$4,195$2,775$1,153
33 years$12,536$8,653$5,834$3,857$2,512$1,009
34 years$12,034$8,201$5,451$3,549$2,274$883
35 years$11,562$7,779$5,096$3,267$2,060$772
36 years$11,118$7,383$4,767$3,009$1,866$676
37 years$10,698$7,012$4,462$2,772$1,691$592
38 years$10,301$6,664$4,179$2,555$1,533$518
39 years$9,926$6,337$3,915$2,356$1,390$454
40 years$9,570$6,029$3,669$2,173$1,261$398
41 years$9,233$5,739$3,441$2,005$1,144$348
42 years$8,912$5,466$3,228$1,850$1,038$305
43 years$8,607$5,208$3,029$1,708$942$267
44 years$8,317$4,964$2,843$1,577$855$234
45 years$8,041$4,734$2,669$1,457$776$205
46 years$7,777$4,516$2,507$1,345$705$180
47 years$7,525$4,309$2,355$1,243$640$157
48 years$7,285$4,114$2,213$1,149$581$138
49 years$7,055$3,928$2,080$1,062$528$121
50 years$6,834$3,753$1,956$981$480$106

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 $6,933 every year, while hoping to spend $53,116 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: 48/43/9 Blend
44$7,000,000$7,000,000$7,000,000$7,000,000
45$7,721,151$7,350,151$7,241,651$8,072,673
46$8,452,194$7,653,794$7,427,732$8,618,288
47$9,256,022$7,970,534$7,618,265$9,204,206
48$10,140,005$8,300,959$7,813,346$9,839,121
49$11,112,260$8,645,680$8,013,067$10,527,614
50$12,181,731$9,005,339$8,217,526$11,274,713
51$13,358,273$9,380,606$8,426,818$12,085,943
52$14,652,743$9,772,182$8,641,042$12,967,372
53$16,077,105$10,180,801$8,860,299$13,925,669
54$17,644,539$10,607,230$9,084,690$14,968,162
55$19,369,571$11,052,273$9,314,315$16,102,906
56$21,268,202$11,516,770$9,549,280$17,338,753
57$23,358,067$12,001,599$9,789,689$18,685,439
58$25,658,593$12,507,681$10,035,647$20,153,664
59$28,191,190$13,035,978$10,287,262$21,755,199
60$30,979,448$13,587,498$10,544,641$23,502,984
61$34,049,360$14,163,293$10,807,895$25,411,256
62$37,429,569$14,764,468$11,077,133$27,495,674
63$41,151,634$15,392,177$11,352,467$29,773,462
64$45,250,334$16,047,627$11,634,008$32,263,572
65$49,763,991$16,732,083$11,921,869$34,986,856
66$54,734,831$17,446,868$12,216,165$37,966,258
67$60,209,387$18,193,368$12,517,010$41,227,027
68$66,238,932$18,973,031$12,824,518$44,796,951
69$72,879,970$19,787,376$13,138,805$48,706,611
70$80,194,760$20,637,991$13,459,989$52,989,670
71$88,251,911$21,526,538$13,788,184$57,683,178
72$97,127,027$22,454,759$14,123,509$62,827,924
73$106,903,417$23,424,475$14,466,079$68,468,809
74$117,672,885$24,437,595$14,816,013$74,655,264
75$129,536,598$25,496,115$15,173,428$81,441,715
76$142,606,032$26,602,126$15,538,439$88,888,083
77$157,004,035$27,757,818$15,911,165$97,060,347
78$172,865,979$28,965,483$16,291,721$106,031,160
79$190,341,038$30,227,521$16,680,222$115,880,522
80$209,593,599$31,546,444$17,076,785$126,696,531
81$230,804,811$32,924,885$17,481,522$138,576,207
82$254,174,295$34,365,598$17,894,547$151,626,395
83$279,922,030$35,871,469$18,315,971$165,964,766
84$308,290,426$37,445,520$18,745,904$181,720,919
85$339,546,612$39,090,913$19,184,456$199,037,594
86$373,984,963$40,810,964$19,631,731$218,072,006
87$411,929,870$42,609,142$20,087,835$238,997,323
88$453,738,809$44,489,082$20,552,869$262,004,282
89$499,805,710$46,454,590$21,026,933$287,302,985
90$550,564,680$48,509,652$21,510,123$315,124,864
91$606,494,096$50,658,444$22,002,531$345,724,854
92$668,121,125$52,905,339$22,504,247$379,383,787
93$736,026,697$55,254,918$23,015,357$416,411,025
94$810,850,990$57,711,979$23,535,941$457,147,370
95$893,299,472$60,281,547$24,066,076$501,968,261
96$984,149,562$62,968,887$24,605,833$551,287,303
97$1,084,257,968$65,779,513$25,155,279$605,560,155
98$1,194,568,774$68,719,202$25,714,474$665,288,810
99$1,316,122,352$71,794,006$26,283,472$731,026,319
100$1,450,065,182$75,010,262$26,862,319$803,381,990