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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.7%
1 years$388,122$384,664$381,291$377,999$374,785$366,022
2 years$192,139$188,561$185,093$181,730$178,469$169,690
3 years$126,821$123,227$119,767$116,436$113,228$104,708
4 years$94,168$90,585$87,160$83,886$80,755$72,559
5 years$74,581$71,019$67,640$64,432$61,389$53,540
6 years$61,527$57,993$54,663$51,527$48,575$41,081
7 years$52,207$48,702$45,425$42,363$39,504$32,367
8 years$45,220$41,747$38,524$35,538$32,773$25,988
9 years$39,788$36,348$33,181$30,270$27,599$21,163
10 years$35,446$32,039$28,928$26,093$23,516$17,421
11 years$31,895$28,522$25,468$22,709$20,225$14,462
12 years$28,938$25,600$22,602$19,919$17,526$12,087
13 years$26,438$23,135$20,193$17,585$15,283$10,157
14 years$24,297$21,029$18,144$15,610$13,397$8,573
15 years$22,443$19,211$16,381$13,922$11,796$7,263
16 years$20,823$17,625$14,852$12,465$10,425$6,171
17 years$19,394$16,232$13,515$11,200$9,244$5,257
18 years$18,126$14,999$12,337$10,093$8,219$4,488
19 years$16,993$13,901$11,294$9,120$7,326$3,838
20 years$15,974$12,918$10,365$8,260$6,544$3,288
21 years$15,053$12,032$9,534$7,497$5,856$2,820
22 years$14,217$11,232$8,787$6,816$5,249$2,421
23 years$13,455$10,505$8,113$6,208$4,712$2,081
24 years$12,758$9,842$7,503$5,662$4,235$1,789
25 years$12,117$9,237$6,950$5,171$3,811$1,540
26 years$11,527$8,681$6,445$4,728$3,433$1,326
27 years$10,981$8,170$5,985$4,327$3,095$1,143
28 years$10,475$7,698$5,564$3,965$2,793$985
29 years$10,005$7,262$5,178$3,636$2,522$849
30 years$9,567$6,859$4,823$3,337$2,278$733
31 years$9,158$6,484$4,496$3,065$2,060$632
32 years$8,776$6,135$4,195$2,816$1,863$546
33 years$8,417$5,810$3,917$2,590$1,686$471
34 years$8,080$5,506$3,660$2,383$1,527$407
35 years$7,763$5,223$3,422$2,194$1,383$351
36 years$7,465$4,957$3,201$2,020$1,253$303
37 years$7,183$4,708$2,996$1,861$1,136$262
38 years$6,917$4,474$2,806$1,716$1,030$226
39 years$6,664$4,255$2,629$1,582$934$195
40 years$6,426$4,048$2,464$1,459$847$169
41 years$6,199$3,853$2,310$1,346$768$146
42 years$5,984$3,670$2,167$1,242$697$126
43 years$5,779$3,497$2,033$1,147$633$109
44 years$5,584$3,333$1,909$1,059$574$94
45 years$5,399$3,178$1,792$978$521$81
46 years$5,222$3,032$1,683$903$473$70
47 years$5,053$2,893$1,581$835$430$61
48 years$4,891$2,762$1,486$771$390$52
49 years$4,737$2,638$1,397$713$355$45
50 years$4,589$2,520$1,313$659$322$39

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 $4,876 every year, while hoping to spend $35,976 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: 75/12/13 Blend
39$4,700,000$4,700,000$4,700,000$4,700,000
40$5,184,430$4,935,330$4,862,480$5,559,053
41$5,674,963$5,138,883$4,987,094$6,010,601
42$6,214,326$5,351,204$5,114,678$6,500,357
43$6,807,459$5,572,685$5,245,292$7,036,118
44$7,459,809$5,803,736$5,378,999$7,622,446
45$8,177,376$6,044,785$5,515,861$8,264,361
46$8,966,769$6,296,281$5,655,944$8,967,392
47$9,835,273$6,558,692$5,799,311$9,737,626
48$10,790,911$6,832,508$5,946,028$10,581,768
49$11,842,527$7,118,243$6,096,163$11,507,198
50$12,999,862$7,416,435$6,249,782$12,522,045
51$14,273,651$7,727,643$6,406,953$13,635,261
52$15,675,722$8,052,457$6,567,744$14,856,707
53$17,219,109$8,391,490$6,732,227$16,197,239
54$18,918,171$8,745,387$6,900,470$17,668,819
55$20,788,734$9,114,820$7,072,545$19,284,619
56$22,848,233$9,500,494$7,248,523$21,059,148
57$25,115,880$9,903,146$7,428,476$23,008,389
58$27,612,847$10,323,547$7,612,478$25,149,946
59$30,362,462$10,762,505$7,800,600$27,503,211
60$33,390,430$11,220,865$7,992,917$30,089,546
61$36,725,078$11,699,511$8,189,504$32,932,485
62$40,397,617$12,199,369$8,390,433$36,057,952
63$44,442,443$12,721,407$8,595,782$39,494,505
64$48,897,456$13,266,639$8,805,624$43,273,607
65$53,804,419$13,836,127$9,020,035$47,429,919
66$59,209,354$14,430,982$9,239,091$52,001,630
67$65,162,974$15,052,366$9,462,866$57,030,810
68$71,721,163$15,701,498$9,691,438$62,563,810
69$78,945,502$16,379,651$9,924,881$68,651,697
70$86,903,850$17,088,161$10,163,272$75,350,737
71$95,670,985$17,828,423$10,406,684$82,722,920
72$105,329,311$18,601,901$10,655,193$90,836,545
73$115,969,633$19,410,126$10,908,874$99,766,867
74$127,692,014$20,254,701$11,167,800$109,596,800
75$140,606,723$21,137,305$11,432,045$120,417,703
76$154,835,271$22,059,695$11,701,680$132,330,235
77$170,511,561$23,023,712$11,976,779$145,445,310
78$187,783,149$24,031,284$12,257,411$159,885,135
79$206,812,642$25,084,428$12,543,645$175,784,366
80$227,779,224$26,185,257$12,835,550$193,291,378
81$250,880,355$27,335,986$13,133,191$212,569,657
82$276,333,634$28,538,931$13,436,635$233,799,349
83$304,378,846$29,796,521$13,745,944$257,178,953
84$335,280,234$31,111,296$14,061,179$282,927,192
85$369,328,989$32,485,920$14,382,399$311,285,079
86$406,845,996$33,923,181$14,709,660$342,518,187
87$448,184,870$35,425,999$15,043,017$376,919,152
88$493,735,288$36,997,434$15,382,519$414,810,433
89$543,926,668$38,640,689$15,728,214$456,547,357
90$599,232,227$40,359,121$16,080,147$502,521,465
91$660,173,440$42,156,245$16,438,359$553,164,206
92$727,324,973$44,035,743$16,802,885$608,951,008
93$801,320,098$46,001,472$17,173,760$670,405,762
94$882,856,677$48,057,473$17,551,010$738,105,764
95$972,703,748$50,207,979$17,934,659$812,687,160
96$1,071,708,785$52,457,424$18,324,724$894,850,948
97$1,180,805,696$54,810,454$18,721,218$985,369,592
98$1,301,023,645$57,271,934$19,124,147$1,085,094,307
99$1,433,496,762$59,846,963$19,533,510$1,194,963,095
100$1,579,474,850$62,540,883$19,949,302$1,316,009,592