Can I retire at age 40 with 4,800,000?

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 $4,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$396,380$392,849$389,404$386,042$382,759$369,767
2 years$196,227$192,573$189,031$185,597$182,266$169,307
3 years$129,519$125,849$122,316$118,914$115,637$103,118
4 years$96,171$92,512$89,014$85,671$82,473$70,490
5 years$76,168$72,531$69,079$65,803$62,695$51,279
6 years$62,836$59,227$55,826$52,623$49,608$38,769
7 years$53,318$49,738$46,392$43,265$40,345$30,080
8 years$46,182$42,635$39,344$36,294$33,470$23,772
9 years$40,635$37,121$33,887$30,914$28,187$19,044
10 years$36,200$32,721$29,543$26,648$24,016$15,414
11 years$32,574$29,129$26,009$23,192$20,655$12,576
12 years$29,554$26,145$23,083$20,342$17,899$10,325
13 years$27,001$23,627$20,623$17,959$15,608$8,519
14 years$24,814$21,477$18,530$15,942$13,682$7,058
15 years$22,921$19,619$16,730$14,218$12,047$5,867
16 years$21,266$18,000$15,168$12,730$10,647$4,889
17 years$19,807$16,578$13,802$11,438$9,440$4,084
18 years$18,512$15,318$12,600$10,308$8,394$3,417
19 years$17,354$14,197$11,534$9,314$7,482$2,864
20 years$16,314$13,193$10,586$8,436$6,683$2,403
21 years$15,373$12,288$9,737$7,656$5,980$2,019
22 years$14,520$11,471$8,974$6,961$5,361$1,697
23 years$13,742$10,728$8,286$6,340$4,812$1,428
24 years$13,029$10,052$7,663$5,782$4,325$1,202
25 years$12,375$9,433$7,098$5,281$3,892$1,012
26 years$11,772$8,866$6,583$4,828$3,506$853
27 years$11,215$8,344$6,113$4,419$3,161$719
28 years$10,698$7,862$5,682$4,049$2,852$606
29 years$10,218$7,417$5,288$3,713$2,575$511
30 years$9,771$7,005$4,926$3,408$2,327$431
31 years$9,353$6,622$4,592$3,130$2,104$364
32 years$8,962$6,265$4,284$2,876$1,903$307
33 years$8,596$5,933$4,000$2,645$1,722$259
34 years$8,252$5,624$3,738$2,434$1,559$219
35 years$7,928$5,334$3,494$2,240$1,412$185
36 years$7,624$5,063$3,269$2,063$1,280$156
37 years$7,336$4,808$3,060$1,901$1,160$132
38 years$7,064$4,570$2,865$1,752$1,051$111
39 years$6,806$4,345$2,684$1,616$953$94
40 years$6,562$4,134$2,516$1,490$865$79
41 years$6,331$3,935$2,359$1,375$785$67
42 years$6,111$3,748$2,213$1,269$712$57
43 years$5,902$3,571$2,077$1,171$646$48
44 years$5,703$3,404$1,949$1,082$586$40
45 years$5,513$3,246$1,830$999$532$34
46 years$5,333$3,096$1,719$923$483$29
47 years$5,160$2,955$1,615$852$439$24
48 years$4,995$2,821$1,518$788$399$21
49 years$4,837$2,694$1,427$728$362$17
50 years$4,686$2,573$1,341$673$329$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $4,800,000, adding $3,152 every year, while hoping to spend $43,526 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: 34/39/27 Blend
39$4,800,000$4,800,000$4,800,000$4,800,000
40$5,292,851$5,038,451$4,964,051$5,429,396
41$5,786,411$5,239,024$5,084,036$5,732,974
42$6,328,855$5,447,966$5,206,581$6,055,985
43$6,925,123$5,665,642$5,331,726$6,403,463
44$7,580,658$5,892,431$5,459,512$6,777,617
45$8,301,457$6,128,732$5,589,978$7,180,865
46$9,094,126$6,374,960$5,723,162$7,615,865
47$9,965,944$6,631,550$5,859,105$8,085,533
48$10,924,930$6,898,956$5,997,845$8,593,069
49$11,979,920$7,177,652$6,139,420$9,141,990
50$13,140,650$7,468,135$6,283,868$9,736,156
51$14,417,845$7,770,922$6,431,227$10,379,810
52$15,823,325$8,086,557$6,581,533$11,077,612
53$17,370,112$8,415,606$6,734,822$11,834,683
54$19,072,555$8,758,663$6,891,130$12,656,652
55$20,946,464$9,116,345$7,050,491$13,549,706
56$23,009,260$9,489,302$7,212,939$14,520,646
57$25,280,137$9,878,211$7,378,505$15,576,951
58$27,780,248$10,283,781$7,547,222$16,726,846
59$30,532,899$10,706,752$7,719,120$17,979,373
60$33,563,771$11,147,899$7,894,226$19,344,481
61$36,901,162$11,608,032$8,072,569$20,833,110
62$40,576,254$12,087,999$8,254,174$22,457,300
63$44,623,408$12,588,687$8,439,065$24,230,292
64$49,080,485$13,111,022$8,627,263$26,166,660
65$53,989,207$13,655,975$8,818,789$28,282,437
66$59,395,548$14,224,559$9,013,660$30,595,269
67$65,350,168$14,817,837$9,211,892$33,124,576
68$71,908,892$15,436,918$9,413,497$35,891,733
69$79,133,236$16,082,963$9,618,485$38,920,267
70$87,090,986$16,757,188$9,826,865$42,236,074
71$95,856,840$17,460,864$10,038,639$45,867,666
72$105,513,113$18,195,322$10,253,808$49,846,426
73$116,150,510$18,961,952$10,472,370$54,206,911
74$127,868,986$19,762,212$10,694,319$58,987,165
75$140,778,687$20,597,625$10,919,643$64,229,078
76$155,000,991$21,469,786$11,148,328$69,978,776
77$170,669,649$22,380,363$11,380,355$76,287,053
78$187,932,056$23,331,103$11,615,699$83,209,840
79$206,950,632$24,323,833$11,854,331$90,808,734
80$227,904,362$25,360,467$12,096,217$99,151,570
81$250,990,483$26,443,005$12,341,316$108,313,056
82$276,426,344$27,573,545$12,589,582$118,375,474
83$304,451,461$28,754,278$12,840,963$129,429,447
84$335,329,772$29,987,500$13,095,397$141,574,793
85$369,352,136$31,275,614$13,352,820$154,921,453
86$406,839,070$32,621,136$13,613,156$169,590,528
87$448,143,782$34,026,699$13,876,324$185,715,413
88$493,655,499$35,495,058$14,142,232$203,443,046
89$543,803,145$37,029,100$14,410,781$222,935,289
90$599,059,386$38,631,846$14,681,862$244,370,446
91$659,945,095$40,306,459$14,955,357$267,944,941
92$727,034,269$42,056,250$15,231,136$293,875,157
93$800,959,444$43,884,686$15,509,058$322,399,471
94$882,417,669$45,795,397$15,788,973$353,780,499
95$972,177,084$47,792,184$16,070,717$388,307,556
96$1,071,084,173$49,879,028$16,354,112$426,299,382
97$1,180,071,754$52,060,095$16,638,970$468,107,137
98$1,300,167,783$54,339,750$16,925,086$514,117,707
99$1,432,505,061$56,722,562$17,212,241$564,757,337
100$1,578,331,927$59,213,318$17,500,201$620,495,648