Can I retire at age 40 with 5,600,000?

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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$462,443$458,324$454,305$450,382$446,552$437,357
2 years$228,932$224,668$220,536$216,530$212,644$203,422
3 years$151,105$146,823$142,702$138,733$134,910$125,949
4 years$112,200$107,931$103,850$99,949$96,219$87,587
5 years$88,862$84,619$80,592$76,771$73,144$64,867
6 years$73,309$69,098$65,130$61,394$57,876$49,962
7 years$62,204$58,028$54,124$50,475$47,069$39,520
8 years$53,879$49,741$45,901$42,343$39,048$31,861
9 years$47,408$43,308$39,535$36,066$32,884$26,055
10 years$42,233$38,174$34,467$31,090$28,019$21,541
11 years$38,003$33,984$30,344$27,057$24,097$17,962
12 years$34,480$30,502$26,930$23,733$20,882$15,080
13 years$31,501$27,565$24,060$20,953$18,210$12,732
14 years$28,950$25,056$21,618$18,599$15,963$10,798
15 years$26,741$22,889$19,518$16,587$14,055$9,192
16 years$24,810$21,000$17,696$14,852$12,422$7,850
17 years$23,108$19,341$16,103$13,345$11,014$6,721
18 years$21,597$17,872$14,700$12,026$9,793$5,767
19 years$20,247$16,563$13,457$10,867$8,729$4,958
20 years$19,033$15,391$12,350$9,842$7,797$4,269
21 years$17,936$14,336$11,360$8,932$6,977$3,681
22 years$16,940$13,383$10,470$8,121$6,254$3,178
23 years$16,032$12,516$9,667$7,396$5,614$2,746
24 years$15,201$11,727$8,940$6,746$5,046$2,375
25 years$14,438$11,005$8,280$6,161$4,541$2,055
26 years$13,734$10,343$7,680$5,633$4,090$1,780
27 years$13,084$9,734$7,131$5,156$3,687$1,542
28 years$12,481$9,172$6,629$4,724$3,327$1,337
29 years$11,921$8,653$6,169$4,332$3,004$1,160
30 years$11,399$8,172$5,746$3,976$2,715$1,006
31 years$10,912$7,725$5,357$3,651$2,454$873
32 years$10,456$7,310$4,998$3,356$2,220$758
33 years$10,029$6,922$4,667$3,086$2,009$658
34 years$9,627$6,561$4,361$2,839$1,819$571
35 years$9,250$6,223$4,077$2,614$1,648$496
36 years$8,894$5,906$3,814$2,407$1,493$431
37 years$8,558$5,610$3,570$2,218$1,353$375
38 years$8,241$5,331$3,343$2,044$1,227$326
39 years$7,941$5,069$3,132$1,885$1,112$283
40 years$7,656$4,823$2,936$1,739$1,009$246
41 years$7,386$4,591$2,753$1,604$915$214
42 years$7,130$4,372$2,582$1,480$831$186
43 years$6,886$4,166$2,423$1,367$754$161
44 years$6,654$3,971$2,274$1,262$684$140
45 years$6,432$3,787$2,135$1,165$621$122
46 years$6,221$3,613$2,006$1,076$564$106
47 years$6,020$3,447$1,884$994$512$92
48 years$5,828$3,291$1,771$919$465$80
49 years$5,644$3,143$1,664$849$422$70
50 years$5,468$3,002$1,565$785$384$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $5,600,000, adding $2,979 every year, while hoping to spend $57,311 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: 42/28/30 Blend
39$5,600,000$5,600,000$5,600,000$5,600,000
40$6,174,273$5,877,473$5,790,673$6,379,225
41$6,743,070$6,104,491$5,923,682$6,754,673
42$7,367,964$6,340,711$6,059,226$7,155,435
43$8,054,616$6,586,526$6,197,329$7,588,396
44$8,809,262$6,842,341$6,338,016$8,056,571
45$9,638,775$7,108,583$6,481,307$8,563,271
46$10,550,723$7,385,697$6,627,223$9,112,137
47$11,553,446$7,674,146$6,775,785$9,707,172
48$12,656,134$7,974,415$6,927,011$10,352,777
49$13,868,910$8,287,012$7,080,915$11,053,790
50$15,202,926$8,612,463$7,237,514$11,815,536
51$16,670,474$8,951,323$7,396,819$12,643,867
52$18,285,091$9,304,167$7,558,842$13,545,224
53$20,061,698$9,671,599$7,723,591$14,526,691
54$22,016,733$10,054,248$7,891,072$15,596,064
55$24,168,305$10,452,772$8,061,289$16,761,920
56$26,536,374$10,867,859$8,234,244$18,033,698
57$29,142,926$11,300,226$8,409,933$19,421,786
58$32,012,192$11,750,625$8,588,353$20,937,617
59$35,170,868$12,219,839$8,769,496$22,593,776
60$38,648,373$12,708,687$8,953,350$24,404,117
61$42,477,121$13,218,026$9,139,901$26,383,888
62$46,692,829$13,748,751$9,329,130$28,549,879
63$51,334,855$14,301,798$9,521,013$30,920,575
64$56,446,568$14,878,143$9,715,525$33,516,325
65$62,075,755$15,478,810$9,912,632$36,359,541
66$68,275,077$16,104,866$10,112,300$39,474,896
67$75,102,558$16,757,427$10,314,485$42,889,563
68$82,622,140$17,437,663$10,519,142$46,633,465
69$90,904,282$18,146,792$10,726,216$50,739,556
70$100,026,624$18,886,090$10,935,651$55,244,128
71$110,074,724$19,656,893$11,147,379$60,187,152
72$121,142,860$20,460,595$11,361,330$65,612,651
73$133,334,922$21,298,654$11,577,425$71,569,115
74$146,765,392$22,172,596$11,795,577$78,109,951
75$161,560,425$23,084,016$12,015,692$85,293,989
76$177,859,038$24,034,582$12,237,666$93,186,029
77$195,814,421$25,026,039$12,461,390$101,857,454
78$215,595,387$26,060,210$12,686,742$111,386,894
79$237,387,961$27,139,004$12,913,592$121,860,970
80$261,397,135$28,264,417$13,141,799$133,375,104
81$287,848,806$29,438,537$13,371,213$146,034,417
82$316,991,907$30,663,548$13,601,671$159,954,715
83$349,100,753$31,941,733$13,832,998$175,263,582
84$384,477,635$33,275,483$14,065,009$192,101,573
85$423,455,670$34,667,298$14,297,503$210,623,541
86$466,401,946$36,119,794$14,530,267$231,000,091
87$513,720,987$37,635,706$14,763,074$253,419,188
88$565,858,570$39,217,899$14,995,679$278,087,921
89$623,305,936$40,869,367$15,227,826$305,234,456
90$686,604,421$42,593,245$15,459,237$335,110,180
91$756,350,572$44,392,814$15,689,622$367,992,073
92$833,201,773$46,271,506$15,918,668$404,185,312
93$917,882,456$48,232,911$16,146,045$444,026,144
94$1,011,190,933$50,280,790$16,371,404$487,885,057
95$1,114,006,935$52,419,076$16,594,373$536,170,266
96$1,227,299,917$54,651,885$16,814,559$589,331,562
97$1,352,138,208$56,983,527$17,031,546$647,864,548
98$1,489,699,096$59,418,511$17,244,894$712,315,308
99$1,641,279,943$61,961,556$17,454,136$783,285,555
100$1,808,310,429$64,617,605$17,658,782$861,438,303