Can I retire at age 40 with 4,700,000?

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$388,122$384,664$381,291$377,999$374,785$366,618
2 years$192,139$188,561$185,093$181,730$178,469$170,282
3 years$126,821$123,227$119,767$116,436$113,228$105,277
4 years$94,168$90,585$87,160$83,886$80,755$73,101
5 years$74,581$71,019$67,640$64,432$61,389$54,053
6 years$61,527$57,993$54,663$51,527$48,575$41,565
7 years$52,207$48,702$45,425$42,363$39,504$32,822
8 years$45,220$41,747$38,524$35,538$32,773$26,416
9 years$39,788$36,348$33,181$30,270$27,599$21,563
10 years$35,446$32,039$28,928$26,093$23,516$17,794
11 years$31,895$28,522$25,468$22,709$20,225$14,809
12 years$28,938$25,600$22,602$19,919$17,526$12,409
13 years$26,438$23,135$20,193$17,585$15,283$10,456
14 years$24,297$21,029$18,144$15,610$13,397$8,849
15 years$22,443$19,211$16,381$13,922$11,796$7,518
16 years$20,823$17,625$14,852$12,465$10,425$6,406
17 years$19,394$16,232$13,515$11,200$9,244$5,473
18 years$18,126$14,999$12,337$10,093$8,219$4,686
19 years$16,993$13,901$11,294$9,120$7,326$4,020
20 years$15,974$12,918$10,365$8,260$6,544$3,454
21 years$15,053$12,032$9,534$7,497$5,856$2,971
22 years$14,217$11,232$8,787$6,816$5,249$2,559
23 years$13,455$10,505$8,113$6,208$4,712$2,206
24 years$12,758$9,842$7,503$5,662$4,235$1,903
25 years$12,117$9,237$6,950$5,171$3,811$1,643
26 years$11,527$8,681$6,445$4,728$3,433$1,420
27 years$10,981$8,170$5,985$4,327$3,095$1,227
28 years$10,475$7,698$5,564$3,965$2,793$1,061
29 years$10,005$7,262$5,178$3,636$2,522$918
30 years$9,567$6,859$4,823$3,337$2,278$795
31 years$9,158$6,484$4,496$3,065$2,060$688
32 years$8,776$6,135$4,195$2,816$1,863$596
33 years$8,417$5,810$3,917$2,590$1,686$516
34 years$8,080$5,506$3,660$2,383$1,527$447
35 years$7,763$5,223$3,422$2,194$1,383$387
36 years$7,465$4,957$3,201$2,020$1,253$335
37 years$7,183$4,708$2,996$1,861$1,136$291
38 years$6,917$4,474$2,806$1,716$1,030$252
39 years$6,664$4,255$2,629$1,582$934$218
40 years$6,426$4,048$2,464$1,459$847$189
41 years$6,199$3,853$2,310$1,346$768$164
42 years$5,984$3,670$2,167$1,242$697$142
43 years$5,779$3,497$2,033$1,147$633$123
44 years$5,584$3,333$1,909$1,059$574$107
45 years$5,399$3,178$1,792$978$521$93
46 years$5,222$3,032$1,683$903$473$80
47 years$5,053$2,893$1,581$835$430$70
48 years$4,891$2,762$1,486$771$390$60
49 years$4,737$2,638$1,397$713$355$52
50 years$4,589$2,520$1,313$659$322$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $4,700,000, adding $3,012 every year, while hoping to spend $49,863 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: 46/42/12 Blend
39$4,700,000$4,700,000$4,700,000$4,700,000
40$5,182,507$4,933,407$4,860,557$5,403,261
41$5,658,069$5,122,090$4,970,332$5,745,094
42$6,180,467$5,318,347$5,082,113$6,110,357
43$6,754,425$5,522,497$5,195,915$6,505,490
44$7,385,150$5,734,873$5,311,751$6,933,278
45$8,078,374$5,955,820$5,429,633$7,396,783
46$8,840,415$6,185,703$5,549,573$7,899,369
47$9,678,233$6,424,897$5,671,579$8,444,731
48$10,599,495$6,673,800$5,795,659$9,036,931
49$11,612,649$6,932,822$5,921,820$9,680,434
50$12,727,004$7,202,394$6,050,065$10,380,149
51$13,952,813$7,482,966$6,180,397$11,141,472
52$15,301,376$7,775,008$6,312,816$11,970,339
53$16,785,141$8,079,009$6,447,321$12,873,276
54$18,417,827$8,395,481$6,583,907$13,857,460
55$20,214,544$8,724,959$6,722,567$14,930,790
56$22,191,948$9,068,002$6,863,293$16,101,950
57$24,368,385$9,425,192$7,006,072$17,380,498
58$26,764,074$9,797,140$7,150,889$18,776,950
59$29,401,292$10,184,482$7,297,726$20,302,877
60$32,304,585$10,587,884$7,446,561$21,971,013
61$35,501,002$11,008,039$7,597,370$23,795,371
62$39,020,345$11,445,674$7,750,124$25,791,377
63$42,895,457$11,901,548$7,904,789$27,976,008
64$47,162,523$12,376,454$8,061,329$30,367,954
65$51,861,419$12,871,219$8,219,703$32,987,788
66$57,036,086$13,386,710$8,379,864$35,858,159
67$62,734,939$13,923,832$8,541,762$39,004,005
68$69,011,332$14,483,529$8,705,341$42,452,780
69$75,924,056$15,066,790$8,870,538$46,234,716
70$83,537,896$15,674,649$9,037,287$50,383,099
71$91,924,239$16,308,185$9,205,514$54,934,584
72$101,161,752$16,968,526$9,375,139$59,929,537
73$111,337,120$17,656,853$9,546,076$65,412,410
74$122,545,867$18,374,400$9,718,230$71,432,158
75$134,893,256$19,122,456$9,891,501$78,042,697
76$148,495,281$19,902,369$10,065,779$85,303,406
77$163,479,764$20,715,550$10,240,948$93,279,690
78$179,987,561$21,563,473$10,416,880$102,043,585
79$198,173,888$22,447,679$10,593,441$111,674,435
80$218,209,790$23,369,780$10,770,487$122,259,639
81$240,283,752$24,331,463$10,947,862$133,895,469
82$264,603,480$25,334,490$11,125,400$146,687,970
83$291,397,859$26,380,704$11,302,926$160,753,961
84$320,919,118$27,472,036$11,480,250$176,222,128
85$353,445,203$28,610,501$11,657,174$193,234,232
86$389,282,407$29,798,209$11,833,483$211,946,441
87$428,768,259$31,037,367$12,008,951$232,530,802
88$472,274,708$32,330,284$12,183,337$255,176,849
89$520,211,635$33,679,375$12,356,385$280,093,394
90$573,030,723$35,087,166$12,527,826$307,510,482
91$631,229,719$36,556,300$12,697,371$337,681,562
92$695,357,134$38,089,542$12,864,716$370,885,864
93$766,017,417$39,689,785$13,029,540$407,431,033
94$843,876,666$41,360,057$13,191,501$447,656,018
95$929,668,911$43,103,524$13,350,241$491,934,265
96$1,024,203,045$44,923,502$13,505,379$540,677,232
97$1,128,370,459$46,823,457$13,656,513$594,338,261
98$1,243,153,458$48,807,019$13,803,219$653,416,850
99$1,369,634,534$50,877,986$13,945,050$718,463,354
100$1,509,006,581$53,040,332$14,081,534$790,084,168