Can I retire at age 40 with 5,800,000?

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 $5,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$478,959$474,692$470,530$466,467$462,500$457,100
2 years$237,108$232,692$228,413$224,263$220,238$214,803
3 years$156,502$152,067$147,798$143,688$139,728$134,426
4 years$116,207$111,785$107,559$103,519$99,655$94,527
5 years$92,036$87,641$83,470$79,512$75,756$70,818
6 years$75,927$71,566$67,456$63,587$59,943$55,200
7 years$64,426$60,101$56,057$52,278$48,750$44,204
8 years$55,803$51,517$47,540$43,855$40,443$36,093
9 years$49,101$44,855$40,947$37,355$34,059$29,904
10 years$43,742$39,538$35,698$32,200$29,020$25,058
11 years$39,360$35,198$31,428$28,024$24,958$21,185
12 years$35,711$31,592$27,892$24,580$21,628$18,040
13 years$32,626$28,550$24,919$21,701$18,860$15,452
14 years$29,984$25,951$22,390$19,264$16,533$13,300
15 years$27,696$23,707$20,215$17,180$14,557$11,494
16 years$25,696$21,750$18,328$15,383$12,865$9,968
17 years$23,933$20,031$16,678$13,821$11,407$8,669
18 years$22,368$18,510$15,225$12,456$10,143$7,558
19 years$20,970$17,155$13,938$11,255$9,040$6,604
20 years$19,712$15,941$12,791$10,193$8,075$5,780
21 years$18,576$14,848$11,765$9,251$7,226$5,068
22 years$17,545$13,860$10,844$8,411$6,477$4,449
23 years$16,605$12,963$10,012$7,660$5,814$3,910
24 years$15,744$12,146$9,260$6,987$5,226$3,440
25 years$14,953$11,398$8,576$6,381$4,703$3,030
26 years$14,225$10,713$7,954$5,834$4,236$2,670
27 years$13,551$10,082$7,386$5,340$3,819$2,355
28 years$12,927$9,500$6,866$4,893$3,446$2,078
29 years$12,347$8,962$6,390$4,487$3,112$1,835
30 years$11,806$8,464$5,952$4,118$2,812$1,621
31 years$11,302$8,001$5,549$3,782$2,542$1,433
32 years$10,830$7,571$5,177$3,476$2,299$1,267
33 years$10,387$7,170$4,834$3,196$2,081$1,120
34 years$9,971$6,795$4,516$2,941$1,884$991
35 years$9,580$6,445$4,222$2,707$1,706$877
36 years$9,212$6,117$3,950$2,493$1,546$776
37 years$8,864$5,810$3,697$2,297$1,401$687
38 years$8,535$5,522$3,462$2,117$1,270$608
39 years$8,224$5,250$3,244$1,952$1,152$538
40 years$7,930$4,995$3,040$1,801$1,045$477
41 years$7,650$4,755$2,851$1,661$948$422
42 years$7,384$4,529$2,674$1,533$860$374
43 years$7,132$4,315$2,509$1,415$781$331
44 years$6,891$4,113$2,355$1,307$709$294
45 years$6,662$3,922$2,212$1,207$643$260
46 years$6,444$3,742$2,077$1,115$584$231
47 years$6,235$3,571$1,952$1,030$530$204
48 years$6,036$3,409$1,834$952$482$181
49 years$5,845$3,255$1,724$880$437$160
50 years$5,663$3,109$1,621$813$397$142

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $5,800,000, adding $3,599 every year, while hoping to spend $55,059 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: 42/30/28 Blend
39$5,800,000$5,800,000$5,800,000$5,800,000
40$6,395,312$6,087,912$5,998,012$6,611,329
41$6,989,052$6,327,638$6,140,363$7,006,939
42$7,641,507$6,577,264$6,285,638$7,429,642
43$8,358,610$6,837,219$6,433,876$7,886,378
44$9,146,894$7,107,948$6,585,116$8,380,323
45$10,013,557$7,389,918$6,739,397$8,914,967
46$10,966,531$7,683,615$6,896,758$9,494,145
47$12,014,553$7,989,548$7,057,236$10,122,072
48$13,167,251$8,308,249$7,220,867$10,803,382
49$14,435,231$8,640,274$7,387,686$11,543,170
50$15,830,180$8,986,203$7,557,729$12,347,037
51$17,364,975$9,346,643$7,731,029$13,221,145
52$19,053,802$9,722,229$7,907,619$14,172,268
53$20,912,294$10,113,622$8,087,528$15,207,860
54$22,957,675$10,521,516$8,270,787$16,336,119
55$25,208,923$10,946,636$8,457,424$17,566,065
56$27,686,950$11,389,737$8,647,464$18,907,624
57$30,414,796$11,851,612$8,840,932$20,371,715
58$33,417,853$12,333,088$9,037,850$21,970,357
59$36,724,094$12,835,030$9,238,238$23,716,776
60$40,364,347$13,358,342$9,442,115$25,625,531
61$44,372,580$13,903,970$9,649,495$27,712,645
62$48,786,220$14,472,902$9,860,391$29,995,756
63$53,646,513$15,066,173$10,074,812$32,494,282
64$58,998,905$15,684,863$10,292,765$35,229,600
65$64,893,475$16,330,102$10,514,255$38,225,246
66$71,385,406$17,003,074$10,739,279$41,507,134
67$78,535,507$17,705,015$10,967,835$45,103,795
68$86,410,786$18,437,218$11,199,914$49,046,649
69$95,085,080$19,201,035$11,435,505$53,370,293
70$104,639,754$19,997,882$11,674,590$58,112,827
71$115,164,469$20,829,238$11,917,149$63,316,209
72$126,758,025$21,696,651$12,163,154$69,026,648
73$139,529,299$22,601,742$12,412,575$75,295,036
74$153,598,263$23,546,203$12,665,372$82,177,425
75$169,097,127$24,531,808$12,921,503$89,735,552
76$186,171,577$25,560,410$13,180,917$98,037,415
77$204,982,158$26,633,950$13,443,557$107,157,916
78$225,705,782$27,754,457$13,709,360$117,179,557
79$248,537,402$28,924,056$13,978,254$128,193,219
80$273,691,851$30,144,969$14,250,160$140,299,010
81$301,405,868$31,419,520$14,524,988$153,607,211
82$331,940,335$32,750,145$14,802,643$168,239,306
83$365,582,735$34,139,388$15,083,018$184,329,125
84$402,649,872$35,589,916$15,365,997$202,024,102
85$443,490,854$37,104,517$15,651,453$221,486,661
86$488,490,393$38,686,111$15,939,249$242,895,741
87$538,072,435$40,337,752$16,229,236$266,448,480
88$592,704,160$42,062,638$16,521,251$292,362,066
89$652,900,393$43,864,116$16,815,122$320,875,787
90$719,228,464$45,745,689$17,110,660$352,253,273
91$792,313,565$47,711,025$17,407,664$386,784,983
92$872,844,645$49,763,962$17,705,918$424,790,939
93$961,580,921$51,908,518$18,005,188$466,623,732
94$1,059,359,040$54,148,901$18,305,227$512,671,849
95$1,167,100,978$56,489,513$18,605,768$563,363,328
96$1,285,822,745$58,934,966$18,906,528$619,169,788
97$1,416,643,972$61,490,086$19,207,204$680,610,870
98$1,560,798,484$64,159,927$19,507,472$748,259,137
99$1,719,645,946$66,949,781$19,806,989$822,745,461
100$1,894,684,699$69,865,187$20,105,390$904,764,973