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%18%
1 years$388,122$384,664$381,291$377,999$374,785$362,642
2 years$192,139$188,561$185,093$181,730$178,469$166,350
3 years$126,821$123,227$119,767$116,436$113,228$101,512
4 years$94,168$90,585$87,160$83,886$80,755$69,533
5 years$74,581$71,019$67,640$64,432$61,389$50,689
6 years$61,527$57,993$54,663$51,527$48,575$38,407
7 years$52,207$48,702$45,425$42,363$39,504$29,868
8 years$45,220$41,747$38,524$35,538$32,773$23,660
9 years$39,788$36,348$33,181$30,270$27,599$19,001
10 years$35,446$32,039$28,928$26,093$23,516$15,418
11 years$31,895$28,522$25,468$22,709$20,225$12,611
12 years$28,938$25,600$22,602$19,919$17,526$10,382
13 years$26,438$23,135$20,193$17,585$15,283$8,590
14 years$24,297$21,029$18,144$15,610$13,397$7,136
15 years$22,443$19,211$16,381$13,922$11,796$5,948
16 years$20,823$17,625$14,852$12,465$10,425$4,972
17 years$19,394$16,232$13,515$11,200$9,244$4,165
18 years$18,126$14,999$12,337$10,093$8,219$3,496
19 years$16,993$13,901$11,294$9,120$7,326$2,938
20 years$15,974$12,918$10,365$8,260$6,544$2,473
21 years$15,053$12,032$9,534$7,497$5,856$2,084
22 years$14,217$11,232$8,787$6,816$5,249$1,757
23 years$13,455$10,505$8,113$6,208$4,712$1,483
24 years$12,758$9,842$7,503$5,662$4,235$1,253
25 years$12,117$9,237$6,950$5,171$3,811$1,058
26 years$11,527$8,681$6,445$4,728$3,433$895
27 years$10,981$8,170$5,985$4,327$3,095$757
28 years$10,475$7,698$5,564$3,965$2,793$640
29 years$10,005$7,262$5,178$3,636$2,522$542
30 years$9,567$6,859$4,823$3,337$2,278$458
31 years$9,158$6,484$4,496$3,065$2,060$388
32 years$8,776$6,135$4,195$2,816$1,863$329
33 years$8,417$5,810$3,917$2,590$1,686$278
34 years$8,080$5,506$3,660$2,383$1,527$236
35 years$7,763$5,223$3,422$2,194$1,383$200
36 years$7,465$4,957$3,201$2,020$1,253$169
37 years$7,183$4,708$2,996$1,861$1,136$143
38 years$6,917$4,474$2,806$1,716$1,030$121
39 years$6,664$4,255$2,629$1,582$934$103
40 years$6,426$4,048$2,464$1,459$847$87
41 years$6,199$3,853$2,310$1,346$768$74
42 years$5,984$3,670$2,167$1,242$697$63
43 years$5,779$3,497$2,033$1,147$633$53
44 years$5,584$3,333$1,909$1,059$574$45
45 years$5,399$3,178$1,792$978$521$38
46 years$5,222$3,032$1,683$903$473$32
47 years$5,053$2,893$1,581$835$430$27
48 years$4,891$2,762$1,486$771$390$23
49 years$4,737$2,638$1,397$713$355$20
50 years$4,589$2,520$1,313$659$322$17

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 $3,016 every year, while hoping to spend $53,029 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: 55/36/9 Blend
39$4,700,000$4,700,000$4,700,000$4,700,000
40$5,182,511$4,933,411$4,860,561$5,456,040
41$5,654,705$5,118,726$4,966,967$5,826,685
42$6,173,285$5,311,344$5,075,161$6,223,937
43$6,742,927$5,511,566$5,185,146$6,655,180
44$7,368,781$5,719,709$5,296,924$7,123,656
45$8,056,522$5,936,100$5,410,496$7,632,927
46$8,812,401$6,161,082$5,525,861$8,186,912
47$9,643,303$6,395,013$5,643,015$8,789,920
48$10,556,817$6,638,266$5,761,954$9,446,691
49$11,561,302$6,891,229$5,882,668$10,162,435
50$12,665,965$7,154,311$6,005,148$10,942,889
51$13,880,955$7,427,933$6,129,382$11,794,362
52$15,217,450$7,712,540$6,255,354$12,723,793
53$16,687,768$8,008,592$6,383,046$13,738,824
54$18,305,480$8,316,573$6,512,438$14,847,858
55$20,085,538$8,636,984$6,643,504$16,060,146
56$22,044,419$8,970,352$6,776,217$17,385,872
57$24,200,275$9,317,225$6,910,546$18,836,241
58$26,573,110$9,678,175$7,046,455$20,423,591
59$29,184,962$10,053,801$7,183,907$22,161,503
60$32,060,118$10,444,726$7,322,857$24,064,926
61$35,225,335$10,851,603$7,463,258$26,150,323
62$38,710,099$11,275,112$7,605,057$28,435,815
63$42,546,901$11,715,964$7,748,198$30,941,360
64$46,771,540$12,174,902$7,892,618$33,688,930
65$51,423,465$12,652,700$8,038,249$36,702,722
66$56,546,146$13,150,169$8,185,017$40,009,382
67$62,187,480$13,668,155$8,332,843$43,638,253
68$68,400,250$14,207,542$8,481,640$47,621,653
69$75,242,617$14,769,252$8,631,316$51,995,173
70$82,778,669$15,354,251$8,781,771$56,798,012
71$91,079,030$15,963,546$8,932,896$62,073,347
72$100,221,521$16,598,189$9,084,578$67,868,733
73$110,291,897$17,259,282$9,236,693$74,236,549
74$121,384,657$17,947,974$9,389,109$81,234,493
75$133,603,933$18,665,465$9,541,685$88,926,121
76$147,064,473$19,413,012$9,694,271$97,381,443
77$161,892,726$20,191,926$9,846,705$106,677,578
78$178,228,033$21,003,579$9,998,818$116,899,486
79$196,223,941$21,849,403$10,150,428$128,140,755
80$216,049,657$22,730,898$10,301,341$140,504,489
81$237,891,638$23,649,628$10,451,352$154,104,274
82$261,955,356$24,607,231$10,600,243$169,065,243
83$288,467,235$25,605,418$10,747,784$185,525,258
84$317,676,787$26,645,977$10,893,729$203,636,201
85$349,858,969$27,730,780$11,037,818$223,565,407
86$385,316,777$28,861,781$11,179,778$245,497,234
87$424,384,105$30,041,025$11,319,317$269,634,801
88$467,428,899$31,270,650$11,456,129$296,201,900
89$514,856,626$32,552,892$11,589,890$325,445,099
90$567,114,106$33,890,088$11,720,255$357,636,067
91$624,693,725$35,284,682$11,846,864$393,074,129
92$688,138,086$36,739,233$11,969,335$432,089,087
93$758,045,128$38,256,412$12,087,265$475,044,326
94$835,073,773$39,839,018$12,200,230$522,340,234
95$919,950,142$41,489,975$12,307,782$574,417,979
96$1,013,474,415$43,212,342$12,409,451$631,763,660
97$1,116,528,379$45,009,320$12,504,741$694,912,893
98$1,230,083,753$46,884,256$12,593,130$764,455,852
99$1,355,211,364$48,840,653$12,674,068$841,042,839
100$1,493,091,252$50,882,174$12,746,978$925,390,405