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 years$578,053$572,904$567,881$562,978$558,190$548,943
2 years$286,165$280,836$275,670$270,662$265,805$256,515
3 years$188,882$183,529$178,377$173,416$168,637$159,595
4 years$140,249$134,913$129,813$124,936$120,274$111,548
5 years$111,078$105,774$100,740$95,963$91,430$83,046
6 years$91,636$86,372$81,413$76,743$72,346$64,313
7 years$77,755$72,535$67,655$63,094$58,836$51,157
8 years$67,349$62,176$57,376$52,928$48,810$41,484
9 years$59,259$54,135$49,418$45,083$41,105$34,127
10 years$52,792$47,718$43,084$38,862$35,024$28,388
11 years$47,503$42,480$37,930$33,822$30,122$23,821
12 years$43,099$38,128$33,662$29,666$26,103$20,129
13 years$39,376$34,457$30,075$26,191$22,762$17,107
14 years$36,187$31,320$27,023$23,249$19,953$14,607
15 years$33,426$28,611$24,398$20,734$17,568$12,521
16 years$31,013$26,250$22,120$18,565$15,527$10,768
17 years$28,885$24,176$20,128$16,681$13,767$9,286
18 years$26,996$22,339$18,375$15,033$12,241$8,026
19 years$25,308$20,704$16,821$13,583$10,911$6,951
20 years$23,791$19,239$15,438$12,302$9,746$6,031
21 years$22,420$17,921$14,200$11,165$8,721$5,240
22 years$21,175$16,728$13,087$10,152$7,817$4,558
23 years$20,040$15,645$12,084$9,245$7,017$3,969
24 years$19,001$14,659$11,175$8,432$6,307$3,460
25 years$18,047$13,757$10,351$7,701$5,676$3,018
26 years$17,168$12,929$9,600$7,041$5,112$2,635
27 years$16,355$12,168$8,914$6,445$4,609$2,302
28 years$15,601$11,466$8,287$5,905$4,159$2,012
29 years$14,901$10,816$7,712$5,415$3,756$1,759
30 years$14,249$10,215$7,183$4,970$3,393$1,539
31 years$13,640$9,657$6,697$4,564$3,068$1,346
32 years$13,070$9,137$6,248$4,195$2,775$1,178
33 years$12,536$8,653$5,834$3,857$2,512$1,032
34 years$12,034$8,201$5,451$3,549$2,274$904
35 years$11,562$7,779$5,096$3,267$2,060$791
36 years$11,118$7,383$4,767$3,009$1,866$693
37 years$10,698$7,012$4,462$2,772$1,691$608
38 years$10,301$6,664$4,179$2,555$1,533$532
39 years$9,926$6,337$3,915$2,356$1,390$467
40 years$9,570$6,029$3,669$2,173$1,261$409
41 years$9,233$5,739$3,441$2,005$1,144$359
42 years$8,912$5,466$3,228$1,850$1,038$314
43 years$8,607$5,208$3,029$1,708$942$276
44 years$8,317$4,964$2,843$1,577$855$242
45 years$8,041$4,734$2,669$1,457$776$212
46 years$7,777$4,516$2,507$1,345$705$186
47 years$7,525$4,309$2,355$1,243$640$163
48 years$7,285$4,114$2,213$1,149$581$143
49 years$7,055$3,928$2,080$1,062$528$125
50 years$6,834$3,753$1,956$981$480$110

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 $5,057 every year, while hoping to spend $45,320 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: 57/27/16 Blend
44$7,000,000$7,000,000$7,000,000$7,000,000
45$7,719,216$7,348,216$7,239,716$8,126,743
46$8,458,356$7,660,059$7,434,027$8,715,581
47$9,271,370$7,985,663$7,633,327$9,351,561
48$10,165,743$8,325,654$7,837,738$10,043,570
49$11,149,727$8,680,689$8,047,380$10,796,997
50$12,232,410$9,051,454$8,262,379$11,617,765
51$13,423,808$9,438,667$8,482,860$12,512,390
52$14,734,954$9,843,079$8,708,953$13,488,038
53$16,178,007$10,265,478$8,940,791$14,552,591
54$17,766,365$10,706,687$9,178,509$15,714,719
55$19,514,788$11,167,569$9,422,243$16,983,963
56$21,439,543$11,649,026$9,672,134$18,370,818
57$23,558,551$12,152,004$9,928,326$19,886,832
58$25,891,562$12,677,490$10,190,963$21,544,717
59$28,460,336$13,226,522$10,460,195$23,358,458
60$31,288,852$13,800,183$10,736,173$25,343,450
61$34,403,531$14,399,609$11,019,052$27,516,637
62$37,833,489$15,025,988$11,308,988$29,896,670
63$41,610,808$15,680,564$11,606,142$32,504,080
64$45,770,840$16,364,642$11,910,678$35,361,469
65$50,352,541$17,079,584$12,222,760$38,493,721
66$55,398,838$17,826,821$12,542,560$41,928,234
67$60,957,032$18,607,848$12,870,248$45,695,172
68$67,079,248$19,424,232$13,206,001$49,827,749
69$73,822,926$20,277,613$13,549,996$54,362,539
70$81,251,359$21,169,711$13,902,416$59,339,818
71$89,434,294$22,102,323$14,263,444$64,803,936
72$98,448,591$23,077,336$14,633,268$70,803,736
73$108,378,944$24,096,722$15,012,079$77,393,010
74$119,318,684$25,162,549$15,400,071$84,631,000
75$131,370,658$26,276,982$15,797,442$92,582,955
76$144,648,199$27,442,288$16,204,390$101,320,739
77$159,276,198$28,660,843$16,621,120$110,923,507
78$175,392,280$29,935,135$17,047,837$121,478,447
79$193,148,105$31,267,768$17,484,752$133,081,596
80$212,710,797$32,661,474$17,932,076$145,838,738
81$234,264,524$34,119,112$18,390,026$159,866,404
82$258,012,233$35,643,676$18,858,820$175,292,957
83$284,177,569$37,238,305$19,338,679$192,259,804
84$313,006,985$38,906,286$19,829,828$210,922,719
85$344,772,065$40,651,061$20,332,495$231,453,309
86$379,772,092$42,476,239$20,846,910$254,040,625
87$418,336,870$44,385,599$21,373,306$278,892,940
88$460,829,838$46,383,101$21,911,919$306,239,706
89$507,651,500$48,472,892$22,462,987$336,333,710
90$559,243,209$50,659,319$23,026,753$369,453,454
91$616,091,326$52,946,936$23,603,459$405,905,773
92$678,731,818$55,340,513$24,193,352$446,028,720
93$747,755,315$57,845,049$24,796,681$490,194,751
94$823,812,683$60,465,783$25,413,695$538,814,226
95$907,621,172$63,208,201$26,044,650$592,339,277
96$999,971,185$66,078,056$26,689,798$651,268,057
97$1,101,733,736$69,081,372$27,349,397$716,149,436
98$1,213,868,682$72,224,463$28,023,706$787,588,169
99$1,337,433,772$75,513,946$28,712,985$866,250,589
100$1,473,594,641$78,956,754$29,417,495$952,870,885