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%13.8%
1 years$578,053$572,904$567,881$562,978$558,190$549,395
2 years$286,165$280,836$275,670$270,662$265,805$256,967
3 years$188,882$183,529$178,377$173,416$168,637$160,031
4 years$140,249$134,913$129,813$124,936$120,274$111,966
5 years$111,078$105,774$100,740$95,963$91,430$83,445
6 years$91,636$86,372$81,413$76,743$72,346$64,692
7 years$77,755$72,535$67,655$63,094$58,836$51,516
8 years$67,349$62,176$57,376$52,928$48,810$41,823
9 years$59,259$54,135$49,418$45,083$41,105$34,447
10 years$52,792$47,718$43,084$38,862$35,024$28,689
11 years$47,503$42,480$37,930$33,822$30,122$24,104
12 years$43,099$38,128$33,662$29,666$26,103$20,395
13 years$39,376$34,457$30,075$26,191$22,762$17,355
14 years$36,187$31,320$27,023$23,249$19,953$14,839
15 years$33,426$28,611$24,398$20,734$17,568$12,737
16 years$31,013$26,250$22,120$18,565$15,527$10,969
17 years$28,885$24,176$20,128$16,681$13,767$9,473
18 years$26,996$22,339$18,375$15,033$12,241$8,200
19 years$25,308$20,704$16,821$13,583$10,911$7,112
20 years$23,791$19,239$15,438$12,302$9,746$6,179
21 years$22,420$17,921$14,200$11,165$8,721$5,377
22 years$21,175$16,728$13,087$10,152$7,817$4,685
23 years$20,040$15,645$12,084$9,245$7,017$4,086
24 years$19,001$14,659$11,175$8,432$6,307$3,567
25 years$18,047$13,757$10,351$7,701$5,676$3,117
26 years$17,168$12,929$9,600$7,041$5,112$2,725
27 years$16,355$12,168$8,914$6,445$4,609$2,384
28 years$15,601$11,466$8,287$5,905$4,159$2,087
29 years$14,901$10,816$7,712$5,415$3,756$1,828
30 years$14,249$10,215$7,183$4,970$3,393$1,602
31 years$13,640$9,657$6,697$4,564$3,068$1,404
32 years$13,070$9,137$6,248$4,195$2,775$1,231
33 years$12,536$8,653$5,834$3,857$2,512$1,079
34 years$12,034$8,201$5,451$3,549$2,274$947
35 years$11,562$7,779$5,096$3,267$2,060$831
36 years$11,118$7,383$4,767$3,009$1,866$729
37 years$10,698$7,012$4,462$2,772$1,691$640
38 years$10,301$6,664$4,179$2,555$1,533$562
39 years$9,926$6,337$3,915$2,356$1,390$493
40 years$9,570$6,029$3,669$2,173$1,261$433
41 years$9,233$5,739$3,441$2,005$1,144$380
42 years$8,912$5,466$3,228$1,850$1,038$334
43 years$8,607$5,208$3,029$1,708$942$293
44 years$8,317$4,964$2,843$1,577$855$258
45 years$8,041$4,734$2,669$1,457$776$226
46 years$7,777$4,516$2,507$1,345$705$199
47 years$7,525$4,309$2,355$1,243$640$175
48 years$7,285$4,114$2,213$1,149$581$153
49 years$7,055$3,928$2,080$1,062$528$135
50 years$6,834$3,753$1,956$981$480$118

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 $6,806 every year, while hoping to spend $59,948 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: 55/19/26 Blend
44$7,000,000$7,000,000$7,000,000$7,000,000
45$7,721,020$7,350,020$7,241,520$8,089,992
46$8,444,780$7,646,387$7,420,327$8,641,027
47$9,240,354$7,955,267$7,603,115$9,234,053
48$10,115,005$8,277,209$7,789,953$9,878,703
49$11,076,731$8,612,788$7,980,913$10,579,962
50$12,134,349$8,962,606$8,176,065$11,343,309
51$13,297,570$9,327,291$8,375,479$12,174,775
52$14,577,092$9,707,498$8,579,228$13,080,996
53$15,984,706$10,103,916$8,787,383$14,069,273
54$17,533,400$10,517,262$9,000,014$15,147,642
55$19,237,485$10,948,286$9,217,193$16,324,945
56$21,112,732$11,397,775$9,438,992$17,610,916
57$23,176,513$11,866,549$9,665,481$19,016,268
58$25,447,974$12,355,467$9,896,732$20,552,796
59$27,948,210$12,865,427$10,132,814$22,233,482
60$30,700,462$13,397,368$10,373,798$24,072,621
61$33,730,342$13,952,272$10,619,754$26,085,950
62$37,066,071$14,531,167$10,870,750$28,290,797
63$40,738,744$15,135,128$11,126,853$30,706,242
64$44,782,626$15,765,279$11,388,133$33,353,294
65$49,235,472$16,422,796$11,654,653$36,255,091
66$54,138,886$17,108,909$11,926,481$39,437,111
67$59,538,713$17,824,906$12,203,678$42,927,414
68$65,485,469$18,572,133$12,486,308$46,756,904
69$72,034,818$19,352,000$12,774,431$50,959,616
70$79,248,101$20,165,979$13,068,106$55,573,038
71$87,192,909$21,015,614$13,367,389$60,638,461
72$95,943,725$21,902,518$13,672,336$66,201,365
73$105,582,624$22,828,380$13,982,998$72,311,847
74$116,200,048$23,794,968$14,299,426$79,025,090
75$127,895,662$24,804,131$14,621,666$86,401,881
76$140,779,290$25,857,803$14,949,762$94,509,184
77$154,971,953$26,958,011$15,283,754$103,420,765
78$170,607,013$28,106,875$15,623,681$113,217,886
79$187,831,429$29,306,612$15,969,574$123,990,070
80$206,807,144$30,559,545$16,321,464$135,835,944
81$227,712,614$31,868,104$16,679,375$148,864,160
82$250,744,493$33,234,834$17,043,326$163,194,423
83$276,119,487$34,662,397$17,413,334$178,958,615
84$304,076,402$36,153,580$17,789,407$196,302,032
85$334,878,392$37,711,303$18,171,550$215,384,757
86$368,815,450$39,338,619$18,559,759$236,383,164
87$406,207,142$41,038,727$18,954,026$259,491,575
88$447,405,620$42,814,975$19,354,336$284,924,095
89$492,798,952$44,670,867$19,760,665$312,916,623
90$542,814,779$46,610,073$20,172,981$343,729,078
91$597,924,356$48,636,436$20,591,245$377,647,842
92$658,646,997$50,753,979$21,015,409$414,988,461
93$725,554,981$52,966,914$21,445,415$456,098,616
94$799,278,947$55,279,651$21,881,195$501,361,402
95$880,513,854$57,696,809$22,322,670$551,198,932
96$970,025,539$60,223,224$22,769,751$606,076,320
97$1,068,657,942$62,863,960$23,222,336$666,506,061
98$1,177,341,080$65,624,321$23,680,311$733,052,865
99$1,297,099,818$68,509,861$24,143,549$806,338,976
100$1,429,063,550$71,526,395$24,611,910$887,050,044