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

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 $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%19.2%
1 years$487,216$482,877$478,642$474,510$470,474$453,061
2 years$241,196$236,704$232,351$228,130$224,035$206,688
3 years$159,200$154,689$150,346$146,165$142,137$125,402
4 years$118,210$113,713$109,414$105,304$101,373$85,378
5 years$93,623$89,152$84,909$80,883$77,063$61,848
6 years$77,236$72,799$68,619$64,683$60,977$46,554
7 years$65,536$61,137$57,023$53,179$49,591$35,956
8 years$56,765$52,406$48,360$44,611$41,140$28,282
9 years$49,947$45,628$41,653$37,999$34,646$22,545
10 years$44,496$40,219$36,314$32,755$29,520$18,156
11 years$40,038$35,805$31,970$28,507$25,388$14,736
12 years$36,327$32,136$28,373$25,004$22,001$12,034
13 years$33,188$29,042$25,349$22,075$19,185$9,876
14 years$30,501$26,398$22,776$19,596$16,818$8,136
15 years$28,174$24,115$20,564$17,476$14,808$6,724
16 years$26,139$22,125$18,644$15,648$13,087$5,572
17 years$24,346$20,377$16,965$14,059$11,604$4,627
18 years$22,754$18,829$15,487$12,670$10,318$3,848
19 years$21,331$17,450$14,178$11,449$9,196$3,206
20 years$20,052$16,216$13,012$10,369$8,214$2,673
21 years$18,897$15,104$11,968$9,411$7,351$2,232
22 years$17,847$14,099$11,031$8,556$6,589$1,865
23 years$16,891$13,187$10,185$7,792$5,915$1,559
24 years$16,015$12,355$9,419$7,107$5,316$1,304
25 years$15,211$11,595$8,724$6,491$4,784$1,091
26 years$14,470$10,897$8,091$5,935$4,309$914
27 years$13,785$10,256$7,513$5,432$3,885$765
28 years$13,150$9,664$6,985$4,977$3,506$641
29 years$12,560$9,117$6,500$4,564$3,165$537
30 years$12,010$8,610$6,054$4,189$2,860$450
31 years$11,497$8,139$5,644$3,847$2,586$377
32 years$11,016$7,701$5,266$3,535$2,339$316
33 years$10,566$7,293$4,917$3,251$2,117$265
34 years$10,143$6,912$4,594$2,991$1,917$222
35 years$9,745$6,556$4,295$2,754$1,736$187
36 years$9,371$6,223$4,018$2,536$1,573$156
37 years$9,017$5,910$3,761$2,337$1,426$131
38 years$8,682$5,617$3,522$2,154$1,292$110
39 years$8,366$5,341$3,300$1,986$1,172$92
40 years$8,066$5,082$3,093$1,832$1,063$77
41 years$7,782$4,837$2,900$1,690$964$65
42 years$7,512$4,607$2,720$1,560$875$54
43 years$7,255$4,389$2,553$1,440$794$46
44 years$7,010$4,184$2,396$1,329$721$38
45 years$6,777$3,990$2,250$1,228$654$32
46 years$6,555$3,806$2,113$1,134$594$27
47 years$6,343$3,632$1,985$1,048$540$23
48 years$6,140$3,467$1,866$968$490$19
49 years$5,946$3,311$1,754$895$445$16
50 years$5,760$3,163$1,649$827$404$13

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 $6,478 every year, while hoping to spend $53,238 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: 63/26/11 Blend
39$5,900,000$5,900,000$5,900,000$5,900,000
40$6,508,482$6,195,782$6,104,332$6,901,848
41$7,115,702$6,442,731$6,252,182$7,412,688
42$7,783,075$6,699,995$6,403,201$7,963,497
43$8,516,679$6,968,025$6,557,439$8,563,594
44$9,323,212$7,247,290$6,714,945$9,217,764
45$10,210,053$7,538,281$6,875,769$9,931,268
46$11,185,332$7,841,511$7,039,961$10,709,897
47$12,258,006$8,157,515$7,207,570$11,560,022
48$13,437,943$8,486,854$7,378,644$12,488,651
49$14,736,017$8,830,113$7,553,232$13,503,499
50$16,164,208$9,187,906$7,731,383$14,613,057
51$17,735,716$9,560,871$7,913,142$15,826,668
52$19,465,084$9,949,679$8,098,557$17,154,617
53$21,368,337$10,355,029$8,287,674$18,608,228
54$23,463,134$10,777,651$8,480,538$20,199,962
55$25,768,930$11,218,312$8,677,192$21,943,542
56$28,307,163$11,677,811$8,877,680$23,854,074
57$31,101,454$12,156,984$9,082,042$25,948,190
58$34,177,832$12,656,706$9,290,320$28,244,205
59$37,564,977$13,177,892$9,502,553$30,762,284
60$41,294,493$13,721,497$9,718,777$33,524,634
61$45,401,203$14,288,522$9,939,027$36,555,707
62$49,923,480$14,880,013$10,163,339$39,882,435
63$54,903,606$15,497,065$10,391,742$43,534,475
64$60,388,175$16,140,823$10,624,267$47,544,489
65$66,428,529$16,812,483$10,860,940$51,948,454
66$73,081,243$17,513,299$11,101,785$56,785,991
67$80,408,660$18,244,580$11,346,825$62,100,743
68$88,479,476$19,007,698$11,596,077$67,940,779
69$97,369,393$19,804,086$11,849,556$74,359,050
70$107,161,830$20,635,245$12,107,275$81,413,879
71$117,948,710$21,502,745$12,369,241$89,169,515
72$129,831,326$22,408,227$12,635,459$97,696,732
73$142,921,303$23,353,412$12,905,929$107,073,494
74$157,341,644$24,340,097$13,180,645$117,385,688
75$173,227,894$25,370,164$13,459,599$128,727,930
76$190,729,420$26,445,583$13,742,776$141,204,455
77$210,010,818$27,568,414$14,030,157$154,930,097
78$231,253,470$28,740,814$14,321,715$170,031,366
79$254,657,250$29,965,041$14,617,419$186,647,641
80$280,442,418$31,243,456$14,917,231$204,932,478
81$308,851,692$32,578,533$15,221,105$225,055,058
82$340,152,542$33,972,859$15,528,990$247,201,775
83$374,639,716$35,429,143$15,840,826$271,577,992
84$412,638,017$36,950,221$16,156,544$298,409,973
85$454,505,374$38,539,061$16,476,067$327,947,016
86$500,636,217$40,198,770$16,799,310$360,463,795
87$551,465,202$41,932,601$17,126,178$396,262,953
88$607,471,313$43,743,958$17,456,564$435,677,944
89$669,182,381$45,636,406$17,790,354$479,076,182
90$737,180,072$47,613,678$18,127,418$526,862,497
91$812,105,371$49,679,680$18,467,619$579,482,950
92$894,664,638$51,838,504$18,810,804$637,429,039
93$985,636,273$54,094,432$19,156,807$701,242,323
94$1,085,878,064$56,451,950$19,505,451$771,519,536
95$1,196,335,284$58,915,753$19,856,541$848,918,202
96$1,318,049,617$61,490,759$20,209,870$934,162,839
97$1,452,168,988$64,182,117$20,565,211$1,028,051,784
98$1,599,958,402$66,995,218$20,922,322$1,131,464,723
99$1,762,811,883$69,935,708$21,280,945$1,245,370,984
100$1,942,265,638$73,009,501$21,640,799$1,370,838,674