Can I retire at age 40 with 6,200,000?

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 $6,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$511,990$507,430$502,980$498,637$494,397$475,344
2 years$253,460$248,740$244,165$239,729$235,427$216,459
3 years$167,295$162,554$157,991$153,597$149,365$131,078
4 years$124,221$119,495$114,977$110,658$106,528$89,063
5 years$98,383$93,685$89,227$84,996$80,981$64,381
6 years$81,164$76,501$72,109$67,972$64,077$48,354
7 years$68,869$64,245$59,923$55,883$52,112$37,261
8 years$59,652$55,070$50,819$46,879$43,232$29,238
9 years$52,487$47,949$43,770$39,931$36,408$23,251
10 years$46,758$42,264$38,160$34,421$31,021$18,677
11 years$42,074$37,625$33,596$29,956$26,679$15,119
12 years$38,174$33,771$29,815$26,276$23,120$12,314
13 years$34,876$30,519$26,638$23,198$20,161$10,078
14 years$32,052$27,741$23,934$20,592$17,673$8,279
15 years$29,606$25,342$21,609$18,365$15,561$6,823
16 years$27,468$23,250$19,592$16,443$13,752$5,637
17 years$25,584$21,413$17,828$14,774$12,194$4,667
18 years$23,911$19,786$16,275$13,315$10,842$3,871
19 years$22,416$18,338$14,899$12,031$9,664$3,214
20 years$21,072$17,040$13,673$10,896$8,632$2,673
21 years$19,857$15,872$12,577$9,889$7,725$2,224
22 years$18,755$14,816$11,591$8,991$6,924$1,852
23 years$17,750$13,857$10,703$8,189$6,215$1,544
24 years$16,830$12,984$9,898$7,469$5,587$1,287
25 years$15,985$12,184$9,168$6,821$5,027$1,074
26 years$15,206$11,451$8,503$6,237$4,528$896
27 years$14,486$10,777$7,895$5,708$4,083$748
28 years$13,818$10,155$7,340$5,230$3,684$625
29 years$13,198$9,580$6,830$4,796$3,326$522
30 years$12,621$9,048$6,362$4,402$3,006$436
31 years$12,081$8,553$5,931$4,043$2,717$364
32 years$11,576$8,093$5,534$3,715$2,458$304
33 years$11,103$7,664$5,167$3,416$2,224$254
34 years$10,659$7,264$4,828$3,143$2,014$213
35 years$10,241$6,890$4,514$2,894$1,824$178
36 years$9,847$6,539$4,222$2,665$1,653$148
37 years$9,475$6,211$3,952$2,455$1,498$124
38 years$9,124$5,902$3,701$2,263$1,358$104
39 years$8,791$5,613$3,467$2,087$1,232$87
40 years$8,476$5,340$3,250$1,925$1,117$73
41 years$8,177$5,083$3,047$1,776$1,013$61
42 years$7,894$4,841$2,859$1,639$920$51
43 years$7,624$4,612$2,682$1,513$835$42
44 years$7,366$4,397$2,518$1,397$758$35
45 years$7,122$4,193$2,364$1,290$688$30
46 years$6,888$4,000$2,221$1,192$624$25
47 years$6,665$3,817$2,086$1,101$567$21
48 years$6,452$3,644$1,960$1,017$515$17
49 years$6,248$3,480$1,843$940$468$14
50 years$6,053$3,324$1,732$869$425$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $6,200,000, adding $6,463 every year, while hoping to spend $45,346 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: 49/27/24 Blend
39$6,200,000$6,200,000$6,200,000$6,200,000
40$6,839,067$6,510,467$6,414,367$7,127,463
41$7,488,404$6,781,232$6,581,000$7,600,025
42$8,202,453$7,063,744$6,751,696$8,108,062
43$8,987,768$7,358,533$6,926,543$8,659,089
44$9,851,568$7,666,148$7,105,629$9,257,186
45$10,801,808$7,987,169$7,289,048$9,906,833
46$11,847,251$8,322,200$7,476,890$10,612,957
47$12,997,555$8,671,872$7,669,250$11,380,976
48$14,263,360$9,036,847$7,866,224$12,216,844
49$15,656,388$9,417,818$8,067,908$13,127,114
50$17,189,557$9,815,509$8,274,400$14,118,990
51$18,877,100$10,230,677$8,485,801$15,200,397
52$20,734,701$10,664,117$8,702,211$16,380,053
53$22,779,638$11,116,657$8,923,734$17,667,550
54$25,030,955$11,589,166$9,150,472$19,073,442
55$27,509,631$12,082,554$9,382,532$20,609,342
56$30,238,786$12,597,772$9,620,019$22,288,030
57$33,243,895$13,135,815$9,863,043$24,123,571
58$36,553,028$13,697,727$10,111,711$26,131,444
59$40,197,118$14,284,597$10,366,134$28,328,690
60$44,210,250$14,897,567$10,626,425$30,734,064
61$48,629,981$15,537,834$10,892,696$33,368,214
62$53,497,699$16,206,647$11,165,061$36,253,871
63$58,859,008$16,905,317$11,443,635$39,416,061
64$64,764,165$17,635,216$11,728,535$42,882,337
65$71,268,546$18,397,777$12,019,877$46,683,039
66$78,433,175$19,194,505$12,317,780$50,851,572
67$86,325,295$20,026,973$12,622,362$55,424,723
68$95,019,008$20,896,828$12,933,744$60,443,001
69$104,595,969$21,805,794$13,252,046$65,951,016
70$115,146,158$22,755,678$13,577,390$71,997,899
71$126,768,730$23,748,370$13,909,896$78,637,756
72$139,572,950$24,785,850$14,249,688$85,930,182
73$153,679,227$25,870,192$14,596,888$93,940,810
74$169,220,243$27,003,567$14,951,619$102,741,933
75$186,342,214$28,188,248$15,314,004$112,413,179
76$205,206,263$29,426,615$15,684,166$123,042,257
77$225,989,945$30,721,163$16,062,229$134,725,780
78$248,888,921$32,074,501$16,448,316$147,570,171
79$274,118,804$33,489,365$16,842,548$161,692,662
80$301,917,197$34,968,619$17,245,048$177,222,395
81$332,545,932$36,515,262$17,655,938$194,301,635
82$366,293,543$38,132,436$18,075,337$213,087,104
83$403,477,990$39,823,430$18,503,366$233,751,456
84$444,449,659$41,591,693$18,940,144$256,484,900
85$489,594,671$43,440,833$19,385,785$281,496,984
86$539,338,526$45,374,632$19,840,408$309,018,568
87$594,150,117$47,397,051$20,304,123$339,303,999
88$654,546,162$49,512,239$20,777,044$372,633,493
89$721,096,074$51,724,542$21,259,278$409,315,784
90$794,427,342$54,038,513$21,750,933$449,691,019
91$875,231,453$56,458,923$22,252,111$494,133,962
92$964,270,418$58,990,766$22,762,914$543,057,527
93$1,062,383,966$61,639,279$23,283,437$596,916,656
94$1,170,497,472$64,409,945$23,813,773$656,212,610
95$1,289,630,691$67,308,510$24,354,011$721,497,687
96$1,420,907,387$70,340,992$24,904,236$793,380,423
97$1,565,565,938$73,513,698$25,464,525$872,531,323
98$1,724,971,030$76,833,235$26,034,953$959,689,181
99$1,900,626,538$80,306,527$26,615,588$1,055,668,038
100$2,094,189,725$83,940,827$27,206,490$1,161,364,853