Can I retire at age 40 with 5,900,000?

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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$487,216$482,877$478,642$474,510$470,474$465,174
2 years$241,196$236,704$232,351$228,130$224,035$218,700
3 years$159,200$154,689$150,346$146,165$142,137$136,932
4 years$118,210$113,713$109,414$105,304$101,373$96,338
5 years$93,623$89,152$84,909$80,883$77,063$72,212
6 years$77,236$72,799$68,619$64,683$60,977$56,317
7 years$65,536$61,137$57,023$53,179$49,591$45,124
8 years$56,765$52,406$48,360$44,611$41,140$36,866
9 years$49,947$45,628$41,653$37,999$34,646$30,562
10 years$44,496$40,219$36,314$32,755$29,520$25,624
11 years$40,038$35,805$31,970$28,507$25,388$21,677
12 years$36,327$32,136$28,373$25,004$22,001$18,471
13 years$33,188$29,042$25,349$22,075$19,185$15,831
14 years$30,501$26,398$22,776$19,596$16,818$13,636
15 years$28,174$24,115$20,564$17,476$14,808$11,792
16 years$26,139$22,125$18,644$15,648$13,087$10,233
17 years$24,346$20,377$16,965$14,059$11,604$8,906
18 years$22,754$18,829$15,487$12,670$10,318$7,771
19 years$21,331$17,450$14,178$11,449$9,196$6,794
20 years$20,052$16,216$13,012$10,369$8,214$5,951
21 years$18,897$15,104$11,968$9,411$7,351$5,222
22 years$17,847$14,099$11,031$8,556$6,589$4,587
23 years$16,891$13,187$10,185$7,792$5,915$4,035
24 years$16,015$12,355$9,419$7,107$5,316$3,553
25 years$15,211$11,595$8,724$6,491$4,784$3,132
26 years$14,470$10,897$8,091$5,935$4,309$2,762
27 years$13,785$10,256$7,513$5,432$3,885$2,438
28 years$13,150$9,664$6,985$4,977$3,506$2,153
29 years$12,560$9,117$6,500$4,564$3,165$1,903
30 years$12,010$8,610$6,054$4,189$2,860$1,682
31 years$11,497$8,139$5,644$3,847$2,586$1,488
32 years$11,016$7,701$5,266$3,535$2,339$1,317
33 years$10,566$7,293$4,917$3,251$2,117$1,165
34 years$10,143$6,912$4,594$2,991$1,917$1,032
35 years$9,745$6,556$4,295$2,754$1,736$914
36 years$9,371$6,223$4,018$2,536$1,573$809
37 years$9,017$5,910$3,761$2,337$1,426$717
38 years$8,682$5,617$3,522$2,154$1,292$635
39 years$8,366$5,341$3,300$1,986$1,172$563
40 years$8,066$5,082$3,093$1,832$1,063$499
41 years$7,782$4,837$2,900$1,690$964$442
42 years$7,512$4,607$2,720$1,560$875$392
43 years$7,255$4,389$2,553$1,440$794$348
44 years$7,010$4,184$2,396$1,329$721$308
45 years$6,777$3,990$2,250$1,228$654$273
46 years$6,555$3,806$2,113$1,134$594$242
47 years$6,343$3,632$1,985$1,048$540$215
48 years$6,140$3,467$1,866$968$490$191
49 years$5,946$3,311$1,754$895$445$169
50 years$5,760$3,163$1,649$827$404$150

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $5,900,000, adding $3,750 every year, while hoping to spend $53,322 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: 34/45/21 Blend
39$5,900,000$5,900,000$5,900,000$5,900,000
40$6,505,668$6,192,968$6,101,518$6,684,931
41$7,112,512$6,439,689$6,249,185$7,064,681
42$7,779,467$6,696,713$6,400,011$7,468,752
43$8,512,608$6,964,487$6,554,047$7,903,397
44$9,318,628$7,243,481$6,711,341$8,371,355
45$10,204,900$7,534,184$6,871,943$8,875,631
46$11,179,549$7,837,108$7,035,903$9,419,522
47$12,251,525$8,152,788$7,203,268$10,006,644
48$13,430,691$8,481,785$7,374,087$10,640,967
49$14,727,910$8,824,681$7,548,408$11,326,849
50$16,155,156$9,182,090$7,726,279$12,069,075
51$17,725,618$9,554,648$7,907,745$12,872,897
52$19,453,831$9,943,025$8,092,854$13,744,087
53$21,355,807$10,347,919$8,281,650$14,688,986
54$23,449,192$10,770,060$8,474,178$15,714,557
55$25,753,428$11,210,211$8,670,481$16,828,457
56$28,289,937$11,669,171$8,870,602$18,039,097
57$31,082,324$12,147,774$9,074,581$19,355,725
58$34,156,599$12,646,893$9,282,457$20,788,508
59$37,541,423$13,167,441$9,494,270$22,348,622
60$41,268,375$13,710,373$9,710,055$24,048,359
61$45,372,255$14,276,687$9,929,848$25,901,238
62$49,891,407$14,867,427$10,153,680$27,922,124
63$54,868,085$15,483,685$10,381,583$30,127,372
64$60,348,849$16,126,605$10,613,585$32,534,973
65$66,385,004$16,797,380$10,849,712$35,164,719
66$73,033,084$17,497,262$11,089,987$38,038,389
67$80,355,388$18,227,557$11,334,431$41,179,946
68$88,420,564$18,989,634$11,583,061$44,615,762
69$97,304,260$19,784,924$11,835,892$48,374,857
70$107,089,833$20,614,925$12,092,933$52,489,176
71$117,869,142$21,481,202$12,354,193$56,993,877
72$129,743,409$22,385,396$12,619,673$61,927,659
73$142,824,177$23,329,220$12,889,372$67,333,126
74$157,234,363$24,314,471$13,163,285$73,257,178
75$173,109,413$25,343,026$13,441,401$79,751,450
76$190,598,590$26,416,851$13,723,704$86,872,790
77$209,866,370$27,538,001$14,010,173$94,683,792
78$231,094,006$28,708,629$14,300,780$103,253,377
79$254,481,231$29,930,988$14,595,492$112,657,439
80$280,248,145$31,207,435$14,894,270$122,979,549
81$308,637,294$32,540,438$15,197,066$134,311,739
82$339,915,958$33,932,578$15,503,827$146,755,360
83$374,378,671$35,386,560$15,814,491$160,422,033
84$412,350,006$36,905,213$16,128,987$175,434,689
85$454,187,636$38,491,497$16,447,238$191,928,722
86$500,285,709$40,148,515$16,769,154$210,053,256
87$551,078,570$41,879,511$17,094,639$229,972,543
88$607,044,860$43,687,883$17,423,586$251,867,502
89$668,712,034$45,577,187$17,755,874$275,937,413
90$736,661,341$47,551,149$18,091,375$302,401,788
91$811,533,308$49,613,666$18,429,947$331,502,431
92$894,033,791$51,768,820$18,771,435$363,505,704
93$984,940,631$54,020,885$19,115,671$398,705,032
94$1,085,111,003$56,374,337$19,462,475$437,423,654
95$1,195,489,506$58,833,860$19,811,648$480,017,662
96$1,317,117,078$61,404,362$20,162,980$526,879,346
97$1,451,140,823$64,090,978$20,516,243$578,440,877
98$1,598,824,840$66,899,089$20,871,191$635,178,377
99$1,761,562,158$69,834,329$21,227,560$697,616,388
100$1,940,887,884$72,902,597$21,585,069$766,332,807