Can I retire at age 40 with 6,000,000?

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 $6,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$495,474$491,061$486,755$482,552$478,448$470,910
2 years$245,284$240,716$236,289$231,996$227,833$220,257
3 years$161,899$157,311$152,895$148,642$144,546$137,170
4 years$120,214$115,640$111,268$107,088$103,092$95,971
5 years$95,210$90,663$86,349$82,254$78,369$71,524
6 years$78,545$74,033$69,782$65,779$62,010$55,450
7 years$66,647$62,173$57,990$54,081$50,431$44,157
8 years$57,728$53,294$49,180$45,367$41,837$35,848
9 years$50,794$46,402$42,359$38,643$35,233$29,526
10 years$45,250$40,901$36,929$33,310$30,020$24,591
11 years$40,717$36,412$32,512$28,990$25,819$20,661
12 years$36,942$32,681$28,853$25,428$22,374$17,481
13 years$33,751$29,534$25,779$22,449$19,510$14,876
14 years$31,018$26,846$23,162$19,928$17,103$12,719
15 years$28,651$24,524$20,912$17,772$15,059$10,918
16 years$26,582$22,500$18,960$15,913$13,309$9,402
17 years$24,759$20,722$17,253$14,298$11,801$8,119
18 years$23,140$19,148$15,750$12,885$10,492$7,028
19 years$21,693$17,746$14,418$11,643$9,352$6,096
20 years$20,392$16,491$13,232$10,545$8,354$5,297
21 years$19,217$15,360$12,171$9,570$7,475$4,609
22 years$18,150$14,338$11,218$8,701$6,701$4,015
23 years$17,177$13,410$10,357$7,925$6,015$3,502
24 years$16,287$12,565$9,579$7,228$5,406$3,058
25 years$15,469$11,791$8,872$6,601$4,865$2,672
26 years$14,715$11,082$8,228$6,035$4,382$2,336
27 years$14,018$10,429$7,641$5,524$3,951$2,044
28 years$13,373$9,828$7,103$5,061$3,565$1,789
29 years$12,773$9,271$6,610$4,641$3,219$1,567
30 years$12,213$8,756$6,157$4,260$2,909$1,373
31 years$11,691$8,277$5,740$3,912$2,630$1,203
32 years$11,203$7,832$5,355$3,595$2,379$1,055
33 years$10,745$7,417$5,000$3,306$2,153$925
34 years$10,315$7,029$4,672$3,042$1,949$812
35 years$9,911$6,667$4,368$2,800$1,765$712
36 years$9,529$6,328$4,086$2,579$1,599$625
37 years$9,170$6,010$3,825$2,376$1,450$549
38 years$8,830$5,712$3,582$2,190$1,314$482
39 years$8,508$5,432$3,356$2,020$1,192$423
40 years$8,203$5,168$3,145$1,863$1,081$371
41 years$7,914$4,919$2,949$1,719$981$326
42 years$7,639$4,685$2,766$1,586$890$286
43 years$7,378$4,464$2,596$1,464$808$251
44 years$7,129$4,255$2,437$1,352$733$221
45 years$6,892$4,057$2,288$1,248$666$194
46 years$6,666$3,871$2,149$1,153$604$170
47 years$6,450$3,694$2,019$1,065$549$150
48 years$6,244$3,526$1,897$985$498$131
49 years$6,047$3,367$1,783$910$453$116
50 years$5,858$3,217$1,677$841$411$101

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $6,000,000, adding $5,797 every year, while hoping to spend $39,112 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: 78/10/12 Blend
39$6,000,000$6,000,000$6,000,000$6,000,000
40$6,617,980$6,299,980$6,206,980$7,118,679
41$7,251,399$6,567,064$6,373,299$7,715,996
42$7,948,116$6,845,924$6,543,878$8,365,390
43$8,714,545$7,137,097$6,718,820$9,076,542
44$9,557,756$7,441,142$6,898,228$9,855,600
45$10,485,536$7,758,646$7,082,207$10,709,333
46$11,506,466$8,090,225$7,270,866$11,645,195
47$12,629,999$8,436,519$7,464,314$12,671,392
48$13,866,554$8,798,204$7,662,663$13,796,965
49$15,227,609$9,175,982$7,866,029$15,031,868
50$16,725,811$9,570,591$8,074,527$16,387,064
51$18,375,097$9,982,804$8,288,277$17,874,627
52$20,190,823$10,413,427$8,507,400$19,507,859
53$22,189,908$10,863,307$8,732,020$21,301,406
54$24,390,999$11,333,329$8,962,263$23,271,404
55$26,814,639$11,824,420$9,198,257$25,435,625
56$29,483,467$12,337,551$9,440,133$27,813,646
57$32,422,428$12,873,738$9,688,024$30,427,034
58$35,659,009$13,434,046$9,942,067$33,299,543
59$39,223,502$14,019,587$10,202,400$36,457,344
60$43,149,281$14,631,529$10,469,162$39,929,266
61$47,473,127$15,271,093$10,742,499$43,747,070
62$52,235,568$15,939,558$11,022,554$47,945,744
63$57,481,263$16,638,264$11,309,477$52,563,834
64$63,259,426$17,368,613$11,603,418$57,643,810
65$69,624,286$18,132,074$11,904,532$63,232,457
66$76,635,602$18,930,185$12,212,973$69,381,323
67$84,359,227$19,764,557$12,528,901$76,147,200
68$92,867,725$20,636,877$12,852,476$83,592,661
69$102,241,061$21,548,913$13,183,862$91,786,645
70$112,567,354$22,502,514$13,523,226$100,805,110
71$123,943,707$23,499,619$13,870,736$110,731,747
72$136,477,123$24,542,259$14,226,564$121,658,768
73$150,285,520$25,632,560$14,590,884$133,687,772
74$165,498,836$26,772,749$14,963,872$146,930,707
75$182,260,263$27,965,159$15,345,708$161,510,921
76$200,727,592$29,212,235$15,736,572$177,564,325
77$221,074,708$30,516,535$16,136,648$195,240,674
78$243,493,226$31,880,743$16,546,124$214,704,978
79$268,194,303$33,307,668$16,965,187$236,139,058
80$295,410,631$34,800,252$17,394,029$259,743,258
81$325,398,629$36,361,578$17,832,843$285,738,336
82$358,440,871$37,994,878$18,281,825$314,367,542
83$394,848,747$39,703,533$18,741,173$345,898,915
84$434,965,403$41,491,091$19,211,086$380,627,809
85$479,168,984$43,361,264$19,691,768$418,879,674
86$527,876,199$45,317,945$20,183,421$461,013,133
87$581,546,258$47,365,210$20,686,252$507,423,356
88$640,685,203$49,507,332$21,200,468$558,545,792
89$705,850,689$51,748,787$21,726,279$614,860,275
90$777,657,246$54,094,264$22,263,896$676,895,549
91$856,782,080$56,548,678$22,813,531$745,234,256
92$943,971,467$59,117,178$23,375,399$820,518,430
93$1,040,047,796$61,805,159$23,949,715$903,455,560
94$1,145,917,335$64,618,276$24,536,693$994,825,255
95$1,262,578,783$67,562,451$25,136,553$1,095,486,609
96$1,391,132,703$70,643,895$25,749,511$1,206,386,297
97$1,532,791,905$73,869,112$26,375,786$1,328,567,515
98$1,688,892,901$77,244,921$27,015,597$1,463,179,818
99$1,860,908,520$80,778,465$27,669,162$1,611,489,967
100$2,050,461,811$84,477,231$28,336,701$1,774,893,883