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%12.1%
1 years$511,990$507,430$502,980$498,637$494,397$490,050
2 years$253,460$248,740$244,165$239,729$235,427$231,047
3 years$167,295$162,554$157,991$153,597$149,365$145,086
4 years$124,221$119,495$114,977$110,658$106,528$102,385
5 years$98,383$93,685$89,227$84,996$80,981$76,985
6 years$81,164$76,501$72,109$67,972$64,077$60,234
7 years$68,869$64,245$59,923$55,883$52,112$48,423
8 years$59,652$55,070$50,819$46,879$43,232$39,697
9 years$52,487$47,949$43,770$39,931$36,408$33,026
10 years$46,758$42,264$38,160$34,421$31,021$27,790
11 years$42,074$37,625$33,596$29,956$26,679$23,597
12 years$38,174$33,771$29,815$26,276$23,120$20,183
13 years$34,876$30,519$26,638$23,198$20,161$17,366
14 years$32,052$27,741$23,934$20,592$17,673$15,017
15 years$29,606$25,342$21,609$18,365$15,561$13,040
16 years$27,468$23,250$19,592$16,443$13,752$11,363
17 years$25,584$21,413$17,828$14,774$12,194$9,931
18 years$23,911$19,786$16,275$13,315$10,842$8,701
19 years$22,416$18,338$14,899$12,031$9,664$7,641
20 years$21,072$17,040$13,673$10,896$8,632$6,723
21 years$19,857$15,872$12,577$9,889$7,725$5,925
22 years$18,755$14,816$11,591$8,991$6,924$5,229
23 years$17,750$13,857$10,703$8,189$6,215$4,620
24 years$16,830$12,984$9,898$7,469$5,587$4,087
25 years$15,985$12,184$9,168$6,821$5,027$3,619
26 years$15,206$11,451$8,503$6,237$4,528$3,207
27 years$14,486$10,777$7,895$5,708$4,083$2,845
28 years$13,818$10,155$7,340$5,230$3,684$2,525
29 years$13,198$9,580$6,830$4,796$3,326$2,242
30 years$12,621$9,048$6,362$4,402$3,006$1,992
31 years$12,081$8,553$5,931$4,043$2,717$1,770
32 years$11,576$8,093$5,534$3,715$2,458$1,574
33 years$11,103$7,664$5,167$3,416$2,224$1,400
34 years$10,659$7,264$4,828$3,143$2,014$1,246
35 years$10,241$6,890$4,514$2,894$1,824$1,109
36 years$9,847$6,539$4,222$2,665$1,653$987
37 years$9,475$6,211$3,952$2,455$1,498$879
38 years$9,124$5,902$3,701$2,263$1,358$783
39 years$8,791$5,613$3,467$2,087$1,232$697
40 years$8,476$5,340$3,250$1,925$1,117$621
41 years$8,177$5,083$3,047$1,776$1,013$554
42 years$7,894$4,841$2,859$1,639$920$493
43 years$7,624$4,612$2,682$1,513$835$440
44 years$7,366$4,397$2,518$1,397$758$392
45 years$7,122$4,193$2,364$1,290$688$349
46 years$6,888$4,000$2,221$1,192$624$311
47 years$6,665$3,817$2,086$1,101$567$278
48 years$6,452$3,644$1,960$1,017$515$248
49 years$6,248$3,480$1,843$940$468$221
50 years$6,053$3,324$1,732$869$425$197

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 $3,557 every year, while hoping to spend $25,588 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: 72/14/14 Blend
39$6,200,000$6,200,000$6,200,000$6,200,000
40$6,836,069$6,507,469$6,411,369$7,307,047
41$7,506,123$6,799,110$6,598,924$7,911,287
42$8,243,664$7,104,183$6,791,905$8,569,281
43$9,055,550$7,423,320$6,990,467$9,289,137
44$9,949,336$7,757,183$7,194,767$10,076,972
45$10,933,347$8,106,463$7,404,970$10,939,515
46$12,016,756$8,471,888$7,621,245$11,884,177
47$13,209,672$8,854,217$7,843,763$12,919,113
48$14,523,232$9,254,247$8,072,702$14,053,306
49$15,969,709$9,672,813$8,308,245$15,296,641
50$17,562,628$10,110,789$8,550,580$16,660,004
51$19,316,891$10,569,093$8,799,900$18,155,384
52$21,248,919$11,048,684$9,056,402$19,795,978
53$23,376,808$11,550,568$9,320,290$21,596,321
54$25,720,498$12,075,801$9,591,775$23,572,421
55$28,301,960$12,625,487$9,871,071$25,741,904
56$31,145,408$13,200,783$10,158,400$28,124,183
57$34,277,521$13,802,904$10,453,988$30,740,639
58$37,727,702$14,433,119$10,758,070$33,614,821
59$41,528,348$15,092,763$11,070,886$36,772,666
60$45,715,161$15,783,230$11,392,682$40,242,741
61$50,327,483$16,505,983$11,723,712$44,056,513
62$55,408,667$17,262,558$12,064,238$48,248,645
63$61,006,487$18,054,559$12,414,526$52,857,315
64$67,173,588$18,883,672$12,774,852$57,924,583
65$73,967,983$19,751,661$13,145,499$63,496,779
66$81,453,602$20,660,376$13,526,757$69,624,939
67$89,700,891$21,611,756$13,918,925$76,365,289
68$98,787,483$22,607,833$14,322,310$83,779,767
69$108,798,925$23,650,737$14,737,227$91,936,610
70$119,829,492$24,742,699$15,164,000$100,910,992
71$131,983,068$25,886,059$15,602,962$110,785,731
72$145,374,134$27,083,269$16,054,454$121,652,072
73$160,128,846$28,336,900$16,518,828$133,610,540
74$176,386,225$29,649,644$16,996,446$146,771,888
75$194,299,470$31,024,327$17,487,677$161,258,138
76$214,037,404$32,463,907$17,992,902$177,203,731
77$235,786,068$33,971,488$18,512,514$194,756,793
78$259,750,477$35,550,320$19,046,913$214,080,526
79$286,156,553$37,203,814$19,596,512$235,354,746
80$315,253,263$38,935,542$20,161,737$258,777,581
81$347,314,962$40,749,250$20,743,021$284,567,327
82$382,643,990$42,648,865$21,340,814$312,964,514
83$421,573,520$44,638,502$21,955,574$344,234,168
84$464,470,706$46,722,476$22,587,773$378,668,306
85$511,740,152$48,905,311$23,237,897$416,588,688
86$563,827,724$51,191,748$23,906,443$458,349,855
87$621,224,766$53,586,758$24,593,923$504,342,461
88$684,472,734$56,095,551$25,300,862$554,996,961
89$754,168,311$58,723,591$26,027,799$610,787,667
90$830,969,037$61,476,605$26,775,288$672,237,219
91$915,599,517$64,360,597$27,543,898$739,921,514
92$1,008,858,262$67,381,861$28,334,213$814,475,130
93$1,111,625,228$70,546,996$29,146,833$896,597,316
94$1,224,870,123$73,862,920$29,982,374$987,058,582
95$1,349,661,560$77,336,887$30,841,468$1,086,707,966
96$1,487,177,146$80,976,501$31,724,763$1,196,481,039
97$1,638,714,599$84,789,735$32,632,928$1,317,408,731
98$1,805,704,003$88,784,946$33,566,645$1,450,627,054
99$1,989,721,302$92,970,900$34,526,619$1,597,387,814
100$2,192,503,184$97,356,782$35,513,569$1,759,070,424