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%17.8%
1 years$495,474$491,061$486,755$482,552$478,448$463,318
2 years$245,284$240,716$236,289$231,996$227,833$212,727
3 years$161,899$157,311$152,895$148,642$144,546$129,938
4 years$120,214$115,640$111,268$107,088$103,092$89,093
5 years$95,210$90,663$86,349$82,254$78,369$65,018
6 years$78,545$74,033$69,782$65,779$62,010$49,318
7 years$66,647$62,173$57,990$54,081$50,431$38,396
8 years$57,728$53,294$49,180$45,367$41,837$30,452
9 years$50,794$46,402$42,359$38,643$35,233$24,485
10 years$45,250$40,901$36,929$33,310$30,020$19,893
11 years$40,717$36,412$32,512$28,990$25,819$16,293
12 years$36,942$32,681$28,853$25,428$22,374$13,430
13 years$33,751$29,534$25,779$22,449$19,510$11,127
14 years$31,018$26,846$23,162$19,928$17,103$9,257
15 years$28,651$24,524$20,912$17,772$15,059$7,727
16 years$26,582$22,500$18,960$15,913$13,309$6,468
17 years$24,759$20,722$17,253$14,298$11,801$5,426
18 years$23,140$19,148$15,750$12,885$10,492$4,561
19 years$21,693$17,746$14,418$11,643$9,352$3,840
20 years$20,392$16,491$13,232$10,545$8,354$3,237
21 years$19,217$15,360$12,171$9,570$7,475$2,731
22 years$18,150$14,338$11,218$8,701$6,701$2,307
23 years$17,177$13,410$10,357$7,925$6,015$1,950
24 years$16,287$12,565$9,579$7,228$5,406$1,650
25 years$15,469$11,791$8,872$6,601$4,865$1,396
26 years$14,715$11,082$8,228$6,035$4,382$1,182
27 years$14,018$10,429$7,641$5,524$3,951$1,001
28 years$13,373$9,828$7,103$5,061$3,565$849
29 years$12,773$9,271$6,610$4,641$3,219$719
30 years$12,213$8,756$6,157$4,260$2,909$610
31 years$11,691$8,277$5,740$3,912$2,630$517
32 years$11,203$7,832$5,355$3,595$2,379$438
33 years$10,745$7,417$5,000$3,306$2,153$372
34 years$10,315$7,029$4,672$3,042$1,949$316
35 years$9,911$6,667$4,368$2,800$1,765$268
36 years$9,529$6,328$4,086$2,579$1,599$227
37 years$9,170$6,010$3,825$2,376$1,450$193
38 years$8,830$5,712$3,582$2,190$1,314$164
39 years$8,508$5,432$3,356$2,020$1,192$139
40 years$8,203$5,168$3,145$1,863$1,081$118
41 years$7,914$4,919$2,949$1,719$981$100
42 years$7,639$4,685$2,766$1,586$890$85
43 years$7,378$4,464$2,596$1,464$808$72
44 years$7,129$4,255$2,437$1,352$733$61
45 years$6,892$4,057$2,288$1,248$666$52
46 years$6,666$3,871$2,149$1,153$604$44
47 years$6,450$3,694$2,019$1,065$549$37
48 years$6,244$3,526$1,897$985$498$32
49 years$6,047$3,367$1,783$910$453$27
50 years$5,858$3,217$1,677$841$411$23

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 $6,346 every year, while hoping to spend $50,776 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: 72/10/18 Blend
39$6,000,000$6,000,000$6,000,000$6,000,000
40$6,618,546$6,300,546$6,207,546$7,066,584
41$7,239,612$6,555,247$6,361,473$7,619,826
42$7,922,326$6,820,727$6,518,856$8,218,789
43$8,672,920$7,097,461$6,679,755$8,873,450
44$9,498,265$7,385,943$6,844,234$9,589,324
45$10,405,927$7,686,693$7,012,354$10,372,482
46$11,404,244$8,000,254$7,184,181$11,229,606
47$12,502,403$8,327,192$7,359,776$12,168,058
48$13,710,523$8,668,099$7,539,204$13,195,943
49$15,039,757$9,023,597$7,722,528$14,322,184
50$16,502,393$9,394,333$7,909,813$15,556,612
51$18,111,967$9,780,986$8,101,122$16,910,052
52$19,883,397$10,184,264$8,296,519$18,394,425
53$21,833,120$10,604,909$8,496,069$20,022,862
54$23,979,245$11,043,696$8,699,834$21,809,827
55$26,341,728$11,501,437$8,907,878$23,771,250
56$28,942,557$11,978,981$9,120,265$25,924,678
57$31,805,961$12,477,214$9,337,057$28,289,441
58$34,958,636$12,997,065$9,558,316$30,886,829
59$38,430,002$13,539,506$9,784,104$33,740,298
60$42,252,473$14,105,552$10,014,482$36,875,685
61$46,461,767$14,696,267$10,249,510$40,321,455
62$51,097,246$15,312,762$10,489,247$44,108,965
63$56,202,279$15,956,201$10,733,751$48,272,760
64$61,824,659$16,627,803$10,983,079$52,850,898
65$68,017,049$17,328,839$11,237,286$57,885,310
66$74,837,480$18,060,644$11,496,427$63,422,189
67$82,349,899$18,824,613$11,760,554$69,512,431
68$90,624,774$19,622,204$12,029,718$76,212,109
69$99,739,754$20,454,945$12,303,967$83,583,004
70$109,780,407$21,324,436$12,583,348$91,693,185
71$120,841,024$22,232,348$12,867,905$100,617,649
72$133,025,508$23,180,432$13,157,679$110,439,031
73$146,448,358$24,170,522$13,452,710$121,248,378
74$161,235,748$25,204,535$13,753,034$133,146,009
75$177,526,717$26,284,479$14,058,682$146,242,460
76$195,474,478$27,412,456$14,369,685$160,659,525
77$215,247,873$28,590,664$14,686,067$176,531,403
78$237,032,957$29,821,407$15,007,851$194,005,965
79$261,034,757$31,107,095$15,335,053$213,246,144
80$287,479,211$32,450,252$15,667,686$234,431,475
81$316,615,296$33,853,519$16,005,758$257,759,785
82$348,717,376$35,319,661$16,349,272$283,449,059
83$384,087,800$36,851,576$16,698,223$311,739,493
84$423,059,746$38,452,294$17,052,604$342,895,763
85$466,000,373$40,124,989$17,412,399$377,209,517
86$513,314,282$41,872,985$17,777,586$415,002,128
87$565,447,339$43,699,762$18,148,136$456,627,723
88$622,890,881$45,608,963$18,524,011$502,476,524
89$686,186,353$47,604,404$18,905,168$552,978,528
90$755,930,422$49,690,081$19,291,552$608,607,566
91$832,780,608$51,870,178$19,683,102$669,885,765
92$917,461,489$54,149,076$20,079,745$737,388,484
93$1,010,771,544$56,531,363$20,481,399$811,749,734
94$1,113,590,687$59,021,845$20,887,971$893,668,161
95$1,226,888,577$61,625,556$21,299,358$983,913,642
96$1,351,733,768$64,347,764$21,715,443$1,083,334,540
97$1,489,303,799$67,193,991$22,136,097$1,192,865,720
98$1,640,896,309$70,170,019$22,561,179$1,313,537,359
99$1,807,941,285$73,281,903$22,990,531$1,446,484,676
100$1,992,014,567$76,535,987$23,423,984$1,592,958,636