Can I retire at age 40 with 4,900,000?

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$404,637$401,033$397,517$394,084$390,733$387,297
2 years$200,316$196,585$192,969$189,464$186,063$182,601
3 years$132,217$128,470$124,864$121,391$118,046$114,665
4 years$98,175$94,439$90,869$87,456$84,192$80,917
5 years$77,754$74,042$70,518$67,174$64,001$60,843
6 years$64,145$60,461$56,989$53,720$50,642$47,605
7 years$54,429$50,775$47,358$44,166$41,185$38,270
8 years$47,144$43,523$40,163$37,050$34,167$31,374
9 years$41,482$37,895$34,593$31,558$28,774$26,101
10 years$36,954$33,402$30,159$27,203$24,517$21,963
11 years$33,252$29,736$26,551$23,675$21,085$18,649
12 years$30,170$26,690$23,564$20,766$18,272$15,951
13 years$27,563$24,120$21,053$18,334$15,934$13,725
14 years$25,331$21,924$18,916$16,274$13,967$11,868
15 years$23,398$20,028$17,078$14,514$12,298$10,306
16 years$21,709$18,375$15,484$12,996$10,869$8,980
17 years$20,220$16,923$14,090$11,676$9,637$7,848
18 years$18,897$15,638$12,862$10,523$8,569$6,877
19 years$17,716$14,493$11,775$9,508$7,638$6,039
20 years$16,654$13,467$10,806$8,612$6,822$5,313
21 years$15,694$12,544$9,940$7,816$6,105$4,682
22 years$14,822$11,710$9,161$7,106$5,472$4,132
23 years$14,028$10,952$8,459$6,472$4,912$3,652
24 years$13,301$10,261$7,823$5,903$4,415$3,230
25 years$12,633$9,630$7,245$5,391$3,973$2,860
26 years$12,017$9,050$6,720$4,929$3,579$2,535
27 years$11,448$8,517$6,240$4,512$3,227$2,248
28 years$10,921$8,026$5,801$4,134$2,911$1,995
29 years$10,431$7,571$5,398$3,791$2,629$1,772
30 years$9,974$7,150$5,028$3,479$2,375$1,574
31 years$9,548$6,760$4,688$3,195$2,148$1,399
32 years$9,149$6,396$4,374$2,936$1,943$1,244
33 years$8,775$6,057$4,084$2,700$1,758$1,107
34 years$8,424$5,741$3,816$2,484$1,592$985
35 years$8,094$5,445$3,567$2,287$1,442$876
36 years$7,782$5,168$3,337$2,106$1,306$780
37 years$7,489$4,908$3,123$1,941$1,184$695
38 years$7,211$4,665$2,925$1,789$1,073$619
39 years$6,948$4,436$2,740$1,649$973$551
40 years$6,699$4,220$2,569$1,521$883$491
41 years$6,463$4,017$2,408$1,404$801$438
42 years$6,238$3,826$2,259$1,295$727$390
43 years$6,025$3,645$2,120$1,196$660$348
44 years$5,822$3,475$1,990$1,104$599$310
45 years$5,628$3,314$1,869$1,020$544$276
46 years$5,444$3,161$1,755$942$493$246
47 years$5,268$3,017$1,649$870$448$219
48 years$5,099$2,880$1,549$804$407$196
49 years$4,938$2,750$1,456$743$370$174
50 years$4,784$2,627$1,369$687$336$156

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $4,900,000, adding $6,455 every year, while hoping to spend $52,522 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: 52/33/15 Blend
39$4,900,000$4,900,000$4,900,000$4,900,000
40$5,406,458$5,146,758$5,070,808$5,665,378
41$5,902,034$5,343,066$5,184,797$6,039,633
42$6,446,398$5,547,233$5,300,845$6,440,372
43$7,044,472$5,759,589$5,418,964$6,875,050
44$7,701,676$5,980,477$5,539,167$7,346,892
45$8,423,983$6,210,256$5,661,465$7,859,448
46$9,217,972$6,449,302$5,785,868$8,416,620
47$10,090,893$6,698,005$5,912,382$9,022,698
48$11,050,731$6,956,775$6,041,014$9,682,400
49$12,106,286$7,226,037$6,171,768$10,400,918
50$13,267,251$7,506,237$6,304,646$11,183,962
51$14,544,308$7,797,839$6,439,649$12,037,812
52$15,949,224$8,101,330$6,576,774$12,969,380
53$17,494,965$8,417,216$6,716,016$13,986,272
54$19,195,819$8,746,026$6,857,369$15,096,856
55$21,067,524$9,088,313$7,000,823$16,310,342
56$23,127,426$9,444,655$7,146,366$17,636,868
57$25,394,635$9,815,655$7,293,981$19,087,590
58$27,890,209$10,201,942$7,443,649$20,674,792
59$30,637,348$10,604,176$7,595,350$22,411,992
60$33,661,619$11,023,042$7,749,055$24,314,076
61$36,991,192$11,459,259$7,904,737$26,397,430
62$40,657,109$11,913,578$8,062,361$28,680,097
63$44,693,573$12,386,782$8,221,889$31,181,943
64$49,138,274$12,879,690$8,383,278$33,924,842
65$54,032,741$13,393,159$8,546,482$36,932,883
66$59,422,739$13,928,082$8,711,447$40,232,590
67$65,358,694$14,485,394$8,878,116$43,853,176
68$71,896,174$15,066,071$9,046,426$47,826,812
69$79,096,410$15,671,135$9,216,308$52,188,928
70$87,026,876$16,301,652$9,387,686$56,978,547
71$95,761,921$16,958,738$9,560,478$62,238,649
72$105,383,478$17,643,557$9,734,594$68,016,574
73$115,981,830$18,357,328$9,909,940$74,364,464
74$127,656,464$19,101,325$10,086,411$81,339,756
75$140,517,013$19,876,879$10,263,895$89,005,717
76$154,684,284$20,685,382$10,442,272$97,432,037
77$170,291,406$21,528,290$10,621,412$106,695,490
78$187,485,077$22,407,124$10,801,177$116,880,644
79$206,426,957$23,323,475$10,981,419$128,080,666
80$227,295,188$24,279,007$11,161,978$140,398,190
81$250,286,079$25,275,460$11,342,686$153,946,284
82$275,615,954$26,314,653$11,523,361$168,849,514
83$303,523,198$27,398,488$11,703,810$185,245,113
84$334,270,505$28,528,954$11,883,829$203,284,271
85$368,147,358$29,708,134$12,063,198$223,133,562
86$405,472,759$30,938,204$12,241,686$244,976,505
87$446,598,244$32,221,439$12,419,046$269,015,293
88$491,911,198$33,560,222$12,595,017$295,472,699
89$541,838,510$34,957,043$12,769,320$324,594,166
90$596,850,608$36,414,508$12,941,662$356,650,126
91$657,465,894$37,935,343$13,111,732$391,938,539
92$724,255,639$39,522,399$13,279,199$430,787,704
93$797,849,378$41,178,660$13,443,716$473,559,347
94$878,940,847$42,907,247$13,604,913$520,652,033
95$968,294,538$44,711,427$13,762,402$572,504,915
96$1,066,752,909$46,594,615$13,915,770$629,601,877
97$1,175,244,342$48,560,388$14,064,585$692,476,089
98$1,294,791,905$50,612,486$14,208,389$761,715,035
99$1,426,523,007$52,754,826$14,346,698$837,966,046
100$1,571,680,045$54,991,504$14,479,003$921,942,406