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%12.8%
1 years$388,122$384,664$381,291$377,999$374,785$370,409
2 years$192,139$188,561$185,093$181,730$178,469$174,064
3 years$126,821$123,227$119,767$116,436$113,228$108,931
4 years$94,168$90,585$87,160$83,886$80,755$76,600
5 years$74,581$71,019$67,640$64,432$61,389$57,387
6 years$61,527$57,993$54,663$51,527$48,575$44,731
7 years$52,207$48,702$45,425$42,363$39,504$35,820
8 years$45,220$41,747$38,524$35,538$32,773$29,248
9 years$39,788$36,348$33,181$30,270$27,599$24,233
10 years$35,446$32,039$28,928$26,093$23,516$20,305
11 years$31,895$28,522$25,468$22,709$20,225$17,167
12 years$28,938$25,600$22,602$19,919$17,526$14,618
13 years$26,438$23,135$20,193$17,585$15,283$12,521
14 years$24,297$21,029$18,144$15,610$13,397$10,778
15 years$22,443$19,211$16,381$13,922$11,796$9,314
16 years$20,823$17,625$14,852$12,465$10,425$8,077
17 years$19,394$16,232$13,515$11,200$9,244$7,025
18 years$18,126$14,999$12,337$10,093$8,219$6,125
19 years$16,993$13,901$11,294$9,120$7,326$5,351
20 years$15,974$12,918$10,365$8,260$6,544$4,684
21 years$15,053$12,032$9,534$7,497$5,856$4,107
22 years$14,217$11,232$8,787$6,816$5,249$3,605
23 years$13,455$10,505$8,113$6,208$4,712$3,169
24 years$12,758$9,842$7,503$5,662$4,235$2,788
25 years$12,117$9,237$6,950$5,171$3,811$2,455
26 years$11,527$8,681$6,445$4,728$3,433$2,164
27 years$10,981$8,170$5,985$4,327$3,095$1,908
28 years$10,475$7,698$5,564$3,965$2,793$1,684
29 years$10,005$7,262$5,178$3,636$2,522$1,487
30 years$9,567$6,859$4,823$3,337$2,278$1,314
31 years$9,158$6,484$4,496$3,065$2,060$1,161
32 years$8,776$6,135$4,195$2,816$1,863$1,026
33 years$8,417$5,810$3,917$2,590$1,686$908
34 years$8,080$5,506$3,660$2,383$1,527$803
35 years$7,763$5,223$3,422$2,194$1,383$710
36 years$7,465$4,957$3,201$2,020$1,253$629
37 years$7,183$4,708$2,996$1,861$1,136$557
38 years$6,917$4,474$2,806$1,716$1,030$493
39 years$6,664$4,255$2,629$1,582$934$436
40 years$6,426$4,048$2,464$1,459$847$386
41 years$6,199$3,853$2,310$1,346$768$342
42 years$5,984$3,670$2,167$1,242$697$303
43 years$5,779$3,497$2,033$1,147$633$269
44 years$5,584$3,333$1,909$1,059$574$238
45 years$5,399$3,178$1,792$978$521$211
46 years$5,222$3,032$1,683$903$473$187
47 years$5,053$2,893$1,581$835$430$166
48 years$4,891$2,762$1,486$771$390$147
49 years$4,737$2,638$1,397$713$355$130
50 years$4,589$2,520$1,313$659$322$115

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 $4,539 every year, while hoping to spend $34,606 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: 37/40/23 Blend
39$4,700,000$4,700,000$4,700,000$4,700,000
40$5,184,082$4,934,982$4,862,132$5,339,925
41$5,676,038$5,139,976$4,988,193$5,659,195
42$6,217,013$5,353,854$5,117,317$6,000,284
43$6,811,972$5,577,016$5,249,570$6,368,027
44$7,466,382$5,809,879$5,385,020$6,764,843
45$8,186,270$6,052,879$5,523,735$7,193,388
46$8,978,272$6,306,474$5,665,783$7,656,579
47$9,849,705$6,571,140$5,811,235$8,157,613
48$10,808,626$6,847,377$5,960,164$8,700,005
49$11,863,917$7,135,710$6,112,640$9,287,612
50$13,025,361$7,436,684$6,268,737$9,924,669
51$14,303,738$7,750,872$6,428,531$10,615,832
52$15,710,929$8,078,874$6,592,096$11,366,213
53$17,260,022$8,421,317$6,759,509$12,181,430
54$18,965,439$8,778,856$6,930,848$13,067,658
55$20,843,073$9,152,180$7,106,191$14,031,684
56$22,910,436$9,542,005$7,285,617$15,080,968
57$25,186,822$9,949,086$7,469,207$16,223,713
58$27,693,495$10,374,208$7,657,043$17,468,938
59$30,453,883$10,818,196$7,849,205$18,826,562
60$33,493,804$11,281,912$8,045,779$20,307,493
61$36,841,706$11,766,260$8,246,846$21,923,730
62$40,528,938$12,272,184$8,452,493$23,688,471
63$44,590,042$12,800,674$8,662,804$25,616,237
64$49,063,085$13,352,765$8,877,866$27,723,003
65$53,990,010$13,929,542$9,097,766$30,026,348
66$59,417,041$14,532,139$9,322,591$32,545,616
67$65,395,110$15,161,745$9,552,429$35,302,095
68$71,980,345$15,819,604$9,787,368$38,319,211
69$79,234,594$16,507,018$10,027,499$41,622,752
70$87,226,012$17,225,352$10,272,910$45,241,101
71$96,029,704$17,976,033$10,523,691$49,205,502
72$105,728,432$18,760,556$10,779,933$53,550,348
73$116,413,396$19,580,488$11,041,725$58,313,505
74$128,185,098$20,437,467$11,309,158$63,536,661
75$141,154,285$21,333,210$11,582,322$69,265,714
76$155,443,001$22,269,516$11,861,308$75,551,202
77$171,185,731$23,248,266$12,146,206$82,448,771
78$188,530,677$24,271,433$12,437,106$90,019,699
79$207,641,154$25,341,081$12,734,097$98,331,463
80$228,697,131$26,459,373$13,037,268$107,458,372
81$251,896,929$27,628,573$13,346,707$117,482,263
82$277,459,096$28,851,054$13,662,502$128,493,261
83$305,624,468$30,129,300$13,984,740$140,590,628
84$336,658,441$31,465,913$14,313,507$153,883,690
85$370,853,479$32,863,618$14,648,885$168,492,859
86$408,531,870$34,325,272$14,990,959$184,550,764
87$450,048,773$35,853,863$15,339,809$202,203,492
88$495,795,571$37,452,526$15,695,516$221,611,957
89$546,203,560$39,124,540$16,058,156$242,953,413
90$601,748,024$40,873,343$16,427,805$266,423,112
91$662,952,721$42,702,536$16,804,536$292,236,141
92$730,394,830$44,615,891$17,188,418$320,629,436
93$804,710,392$46,617,360$17,579,521$351,864,014
94$886,600,324$48,711,082$17,977,906$386,227,418
95$976,837,028$50,901,396$18,383,636$424,036,421
96$1,076,271,684$53,192,844$18,796,768$465,640,005
97$1,185,842,290$55,590,187$19,217,353$511,422,640
98$1,306,582,510$58,098,413$19,645,442$561,807,896
99$1,439,631,439$60,722,748$20,081,077$617,262,432
100$1,586,244,350$63,468,667$20,524,297$678,300,379