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

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 $6,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$511,990$507,430$502,980$498,637$494,397$487,009
2 years$253,460$248,740$244,165$239,729$235,427$228,000
3 years$167,295$162,554$157,991$153,597$149,365$142,130
4 years$124,221$119,495$114,977$110,658$106,528$99,542
5 years$98,383$93,685$89,227$84,996$80,981$74,263
6 years$81,164$76,501$72,109$67,972$64,077$57,636
7 years$68,869$64,245$59,923$55,883$52,112$45,949
8 years$59,652$55,070$50,819$46,879$43,232$37,346
9 years$52,487$47,949$43,770$39,931$36,408$30,796
10 years$46,758$42,264$38,160$34,421$31,021$25,680
11 years$42,074$37,625$33,596$29,956$26,679$21,603
12 years$38,174$33,771$29,815$26,276$23,120$18,302
13 years$34,876$30,519$26,638$23,198$20,161$15,595
14 years$32,052$27,741$23,934$20,592$17,673$13,352
15 years$29,606$25,342$21,609$18,365$15,561$11,476
16 years$27,468$23,250$19,592$16,443$13,752$9,897
17 years$25,584$21,413$17,828$14,774$12,194$8,559
18 years$23,911$19,786$16,275$13,315$10,842$7,420
19 years$22,416$18,338$14,899$12,031$9,664$6,445
20 years$21,072$17,040$13,673$10,896$8,632$5,608
21 years$19,857$15,872$12,577$9,889$7,725$4,887
22 years$18,755$14,816$11,591$8,991$6,924$4,264
23 years$17,750$13,857$10,703$8,189$6,215$3,725
24 years$16,830$12,984$9,898$7,469$5,587$3,257
25 years$15,985$12,184$9,168$6,821$5,027$2,850
26 years$15,206$11,451$8,503$6,237$4,528$2,496
27 years$14,486$10,777$7,895$5,708$4,083$2,188
28 years$13,818$10,155$7,340$5,230$3,684$1,918
29 years$13,198$9,580$6,830$4,796$3,326$1,683
30 years$12,621$9,048$6,362$4,402$3,006$1,477
31 years$12,081$8,553$5,931$4,043$2,717$1,296
32 years$11,576$8,093$5,534$3,715$2,458$1,139
33 years$11,103$7,664$5,167$3,416$2,224$1,000
34 years$10,659$7,264$4,828$3,143$2,014$879
35 years$10,241$6,890$4,514$2,894$1,824$772
36 years$9,847$6,539$4,222$2,665$1,653$679
37 years$9,475$6,211$3,952$2,455$1,498$597
38 years$9,124$5,902$3,701$2,263$1,358$525
39 years$8,791$5,613$3,467$2,087$1,232$462
40 years$8,476$5,340$3,250$1,925$1,117$406
41 years$8,177$5,083$3,047$1,776$1,013$357
42 years$7,894$4,841$2,859$1,639$920$314
43 years$7,624$4,612$2,682$1,513$835$276
44 years$7,366$4,397$2,518$1,397$758$243
45 years$7,122$4,193$2,364$1,290$688$214
46 years$6,888$4,000$2,221$1,192$624$188
47 years$6,665$3,817$2,086$1,101$567$166
48 years$6,452$3,644$1,960$1,017$515$146
49 years$6,248$3,480$1,843$940$468$128
50 years$6,053$3,324$1,732$869$425$113

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 $5,061 every year, while hoping to spend $57,256 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: 52/25/23 Blend
39$6,200,000$6,200,000$6,200,000$6,200,000
40$6,837,620$6,509,020$6,412,920$7,149,223
41$7,474,138$6,767,042$6,566,833$7,623,053
42$8,173,661$7,035,789$6,723,983$8,131,882
43$8,942,556$7,315,724$6,884,418$8,684,183
44$9,787,837$7,607,334$7,048,186$9,284,115
45$10,717,230$7,911,127$7,215,334$9,936,250
46$11,739,248$8,227,634$7,385,909$10,645,616
47$12,863,272$8,557,409$7,559,958$11,417,746
48$14,099,635$8,901,031$7,737,525$12,258,724
49$15,459,723$9,259,106$7,918,657$13,175,243
50$16,956,080$9,632,267$8,103,398$14,174,671
51$18,602,528$10,021,177$8,291,790$15,265,110
52$20,414,298$10,426,527$8,483,877$16,455,481
53$22,408,169$10,849,039$8,679,699$17,755,597
54$24,602,631$11,289,470$8,879,298$19,176,264
55$27,018,056$11,748,611$9,082,711$20,729,370
56$29,676,891$12,227,287$9,289,976$22,428,006
57$32,603,873$12,726,363$9,501,128$24,286,582
58$35,826,254$13,246,741$9,716,203$26,320,959
59$39,374,068$13,789,366$9,935,231$28,548,602
60$43,280,404$14,355,227$10,158,243$30,988,742
61$47,581,728$14,945,356$10,385,266$33,662,551
62$52,318,218$15,560,832$10,616,327$36,593,343
63$57,534,150$16,202,786$10,851,447$39,806,791
64$63,278,310$16,872,400$11,090,647$43,331,167
65$69,604,458$17,570,908$11,333,945$47,197,606
66$76,571,834$18,299,604$11,581,353$51,440,396
67$84,245,716$19,059,839$11,832,883$56,097,303
68$92,698,035$19,853,027$12,088,541$61,209,919
69$102,008,058$20,680,649$12,348,330$66,824,054
70$112,263,129$21,544,250$12,612,249$72,990,169
71$123,559,501$22,445,451$12,880,292$79,763,841
72$136,003,238$23,385,945$13,152,449$87,206,293
73$149,711,216$24,367,505$13,428,704$95,384,960
74$164,812,231$25,391,983$13,709,036$104,374,130
75$181,448,209$26,461,321$13,993,420$114,255,634
76$199,775,549$27,577,549$14,281,822$125,119,620
77$219,966,595$28,742,789$14,574,203$137,065,397
78$242,211,268$29,959,265$14,870,519$150,202,368
79$266,718,851$31,229,303$15,170,715$164,651,061
80$293,719,972$32,555,337$15,474,732$180,544,257
81$323,468,775$33,939,915$15,782,502$198,028,244
82$356,245,321$35,385,702$16,093,947$217,264,190
83$392,358,231$36,895,488$16,408,981$238,429,658
84$432,147,598$38,472,194$16,727,509$261,720,279
85$475,988,198$40,118,877$17,049,426$287,351,592
86$524,293,029$41,838,736$17,374,616$315,561,073
87$577,517,204$43,635,120$17,702,952$346,610,369
88$636,162,253$45,511,535$18,034,295$380,787,763
89$700,780,853$47,471,651$18,368,494$418,410,888
90$771,982,047$49,519,309$18,705,385$459,829,720
91$850,436,991$51,658,531$19,044,792$505,429,871
92$936,885,293$53,893,527$19,386,520$555,636,225
93$1,032,141,988$56,228,705$19,730,364$610,916,937
94$1,137,105,240$58,668,681$20,076,101$671,787,848
95$1,252,764,814$61,218,286$20,423,489$738,817,345
96$1,380,211,422$63,882,579$20,772,273$812,631,715
97$1,520,647,018$66,666,857$21,122,176$893,921,051
98$1,675,396,147$69,576,666$21,472,902$983,445,755
99$1,845,918,447$72,617,815$21,824,137$1,082,043,705
100$2,033,822,425$75,796,385$22,175,542$1,190,638,158