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%19.5%
1 years$578,053$572,904$567,881$562,978$558,190$536,891
2 years$286,165$280,836$275,670$270,662$265,805$244,597
3 years$188,882$183,529$178,377$173,416$168,637$148,189
4 years$140,249$134,913$129,813$124,936$120,274$100,739
5 years$111,078$105,774$100,740$95,963$91,430$72,860
6 years$91,636$86,372$81,413$76,743$72,346$54,753
7 years$77,755$72,535$67,655$63,094$58,836$42,216
8 years$67,349$62,176$57,376$52,928$48,810$33,146
9 years$59,259$54,135$49,418$45,083$41,105$26,375
10 years$52,792$47,718$43,084$38,862$35,024$21,199
11 years$47,503$42,480$37,930$33,822$30,122$17,173
12 years$43,099$38,128$33,662$29,666$26,103$13,996
13 years$39,376$34,457$30,075$26,191$22,762$11,462
14 years$36,187$31,320$27,023$23,249$19,953$9,423
15 years$33,426$28,611$24,398$20,734$17,568$7,771
16 years$31,013$26,250$22,120$18,565$15,527$6,425
17 years$28,885$24,176$20,128$16,681$13,767$5,324
18 years$26,996$22,339$18,375$15,033$12,241$4,418
19 years$25,308$20,704$16,821$13,583$10,911$3,672
20 years$23,791$19,239$15,438$12,302$9,746$3,055
21 years$22,420$17,921$14,200$11,165$8,721$2,545
22 years$21,175$16,728$13,087$10,152$7,817$2,121
23 years$20,040$15,645$12,084$9,245$7,017$1,769
24 years$19,001$14,659$11,175$8,432$6,307$1,476
25 years$18,047$13,757$10,351$7,701$5,676$1,233
26 years$17,168$12,929$9,600$7,041$5,112$1,029
27 years$16,355$12,168$8,914$6,445$4,609$860
28 years$15,601$11,466$8,287$5,905$4,159$719
29 years$14,901$10,816$7,712$5,415$3,756$601
30 years$14,249$10,215$7,183$4,970$3,393$502
31 years$13,640$9,657$6,697$4,564$3,068$420
32 years$13,070$9,137$6,248$4,195$2,775$351
33 years$12,536$8,653$5,834$3,857$2,512$294
34 years$12,034$8,201$5,451$3,549$2,274$246
35 years$11,562$7,779$5,096$3,267$2,060$206
36 years$11,118$7,383$4,767$3,009$1,866$172
37 years$10,698$7,012$4,462$2,772$1,691$144
38 years$10,301$6,664$4,179$2,555$1,533$120
39 years$9,926$6,337$3,915$2,356$1,390$101
40 years$9,570$6,029$3,669$2,173$1,261$84
41 years$9,233$5,739$3,441$2,005$1,144$70
42 years$8,912$5,466$3,228$1,850$1,038$59
43 years$8,607$5,208$3,029$1,708$942$49
44 years$8,317$4,964$2,843$1,577$855$41
45 years$8,041$4,734$2,669$1,457$776$35
46 years$7,777$4,516$2,507$1,345$705$29
47 years$7,525$4,309$2,355$1,243$640$24
48 years$7,285$4,114$2,213$1,149$581$20
49 years$7,055$3,928$2,080$1,062$528$17
50 years$6,834$3,753$1,956$981$480$14

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 $3,851 every year, while hoping to spend $26,552 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: 71/16/13 Blend
44$7,000,000$7,000,000$7,000,000$7,000,000
45$7,717,972$7,346,972$7,238,472$8,244,001
46$8,476,954$7,678,723$7,452,710$8,925,035
47$9,312,463$8,025,839$7,673,235$9,666,717
48$10,232,275$8,389,046$7,900,229$10,477,933
49$11,244,961$8,769,104$8,133,881$11,365,540
50$12,359,965$9,166,807$8,374,383$12,337,087
51$13,587,691$9,582,991$8,621,935$13,400,882
52$14,939,606$10,018,528$8,876,741$14,566,071
53$16,428,345$10,474,335$9,139,011$15,842,720
54$18,067,830$10,951,371$9,408,961$17,241,914
55$19,873,401$11,450,641$9,686,814$18,775,854
56$21,861,964$11,973,198$9,972,798$20,457,975
57$24,052,147$12,520,148$10,267,150$22,303,068
58$26,464,477$13,092,646$10,570,111$24,327,422
59$29,121,574$13,691,906$10,881,929$26,548,971
60$32,048,363$14,319,197$11,202,862$28,987,465
61$35,272,310$14,975,852$11,533,172$31,664,654
62$38,823,683$15,663,266$11,873,131$34,604,489
63$42,735,834$16,382,902$12,223,016$37,833,351
64$47,045,517$17,136,292$12,583,115$41,380,291
65$51,793,233$17,925,043$12,953,722$45,277,307
66$57,023,611$18,750,839$13,335,140$49,559,642
67$62,785,833$19,615,443$13,727,681$54,266,115
68$69,134,094$20,520,707$14,131,665$59,439,483
69$76,128,118$21,468,568$14,547,422$65,126,844
70$83,833,716$22,461,058$14,975,291$71,380,078
71$92,323,412$23,500,306$15,415,620$78,256,332
72$101,677,125$24,588,546$15,868,768$85,818,560
73$111,982,923$25,728,116$16,335,103$94,136,111
74$123,337,856$26,921,469$16,815,004$103,285,381
75$135,848,872$28,171,176$17,308,861$113,350,533
76$149,633,824$29,479,930$17,817,075$124,424,283
77$164,822,585$30,850,557$18,340,058$136,608,775
78$181,558,272$32,286,018$18,878,233$150,016,542
79$199,998,598$33,789,415$19,432,036$164,771,562
80$220,317,360$35,364,002$20,001,915$181,010,422
81$242,706,083$37,013,190$20,588,331$198,883,610
82$267,375,819$38,740,552$21,191,756$218,556,922
83$294,559,152$40,549,838$21,812,678$240,213,029
84$324,512,380$42,444,975$22,451,598$264,053,193
85$357,517,946$44,430,082$23,109,030$290,299,163
86$393,887,096$46,509,476$23,785,502$319,195,259
87$433,962,823$48,687,684$24,481,560$351,010,679
88$478,123,101$50,969,450$25,197,762$386,042,028
89$526,784,453$53,359,748$25,934,682$424,616,117
90$580,405,886$55,863,794$26,692,913$467,093,035
91$639,493,221$58,487,056$27,473,061$513,869,548
92$704,603,872$61,235,264$28,275,750$565,382,832
93$776,352,103$64,114,428$29,101,624$622,114,596
94$855,414,831$67,130,848$29,951,342$684,595,618
95$942,538,013$70,291,129$30,825,581$753,410,753
96$1,038,543,693$73,602,196$31,725,040$829,204,437
97$1,144,337,756$77,071,310$32,650,436$912,686,770
98$1,260,918,485$80,706,083$33,602,504$1,004,640,206
99$1,389,385,985$84,514,496$34,582,002$1,105,926,930
100$1,530,952,565$88,504,915$35,589,708$1,217,496,985