Can I retire at age 40 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$520,248$515,614$511,093$506,680$502,371$488,838
2 years$257,549$252,752$248,103$243,596$239,224$225,687
3 years$169,994$165,176$160,539$156,074$151,774$138,656
4 years$126,225$121,422$116,831$112,443$108,246$95,648
5 years$99,970$95,196$90,666$86,367$82,287$70,244
6 years$82,473$77,735$73,272$69,068$65,111$53,634
7 years$69,980$65,282$60,889$56,785$52,953$42,042
8 years$60,614$55,958$51,639$47,635$43,929$33,580
9 years$53,333$48,722$44,476$40,575$36,995$27,197
10 years$47,512$42,946$38,776$34,976$31,521$22,263
11 years$42,753$38,232$34,137$30,439$27,110$18,375
12 years$38,789$34,315$30,296$26,700$23,493$15,267
13 years$35,438$31,011$27,068$23,572$20,486$12,752
14 years$32,569$28,188$24,320$20,924$17,958$10,697
15 years$30,084$25,750$21,958$18,661$15,812$9,005
16 years$27,911$23,625$19,908$16,709$13,974$7,603
17 years$25,997$21,758$18,116$15,013$12,391$6,435
18 years$24,297$20,106$16,537$13,529$11,017$5,457
19 years$22,777$18,634$15,139$12,225$9,820$4,636
20 years$21,412$17,315$13,894$11,072$8,771$3,944
21 years$20,178$16,128$12,780$10,049$7,849$3,359
22 years$19,057$15,055$11,778$9,136$7,036$2,864
23 years$18,036$14,081$10,875$8,321$6,316$2,444
24 years$17,101$13,193$10,058$7,589$5,677$2,087
25 years$16,242$12,381$9,316$6,931$5,108$1,783
26 years$15,451$11,636$8,640$6,337$4,601$1,525
27 years$14,719$10,951$8,023$5,801$4,148$1,304
28 years$14,041$10,319$7,458$5,315$3,743$1,116
29 years$13,411$9,735$6,940$4,874$3,380$955
30 years$12,824$9,193$6,465$4,473$3,054$818
31 years$12,276$8,691$6,027$4,108$2,761$700
32 years$11,763$8,223$5,623$3,775$2,498$600
33 years$11,282$7,788$5,250$3,472$2,260$514
34 years$10,831$7,381$4,906$3,194$2,047$440
35 years$10,406$7,001$4,586$2,940$1,854$377
36 years$10,006$6,645$4,291$2,708$1,679$323
37 years$9,628$6,311$4,016$2,495$1,522$277
38 years$9,271$5,998$3,761$2,300$1,380$238
39 years$8,933$5,703$3,523$2,121$1,251$204
40 years$8,613$5,426$3,302$1,956$1,135$175
41 years$8,309$5,165$3,097$1,805$1,030$150
42 years$8,021$4,919$2,905$1,665$934$128
43 years$7,746$4,687$2,726$1,537$848$110
44 years$7,485$4,468$2,559$1,419$770$94
45 years$7,236$4,260$2,402$1,311$699$81
46 years$6,999$4,064$2,256$1,211$634$69
47 years$6,773$3,878$2,120$1,119$576$60
48 years$6,556$3,702$1,992$1,034$523$51
49 years$6,349$3,536$1,872$955$475$44
50 years$6,151$3,377$1,760$883$432$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $6,300,000, adding $6,411 every year, while hoping to spend $44,522 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: 69/17/14 Blend
39$6,300,000$6,300,000$6,300,000$6,300,000
40$6,949,213$6,615,313$6,517,663$7,406,240
41$7,610,662$6,892,092$6,688,634$7,987,791
42$8,338,086$7,180,941$6,863,840$8,617,895
43$9,138,168$7,482,405$7,043,376$9,306,127
44$10,018,271$7,797,053$7,227,339$10,058,201
45$10,986,507$8,125,481$7,415,827$10,880,406
46$12,051,814$8,468,312$7,608,940$11,779,663
47$13,224,039$8,826,200$7,806,780$12,763,593
48$14,514,034$9,199,827$8,009,450$13,840,582
49$15,933,755$9,589,907$8,217,056$15,019,866
50$17,496,374$9,997,189$8,429,704$16,311,608
51$19,216,408$10,422,456$8,647,503$17,727,004
52$21,109,851$10,866,525$8,870,563$19,278,375
53$23,194,327$11,330,255$9,098,998$20,979,293
54$25,489,253$11,814,543$9,332,919$22,844,699
55$28,016,029$12,320,328$9,572,444$24,891,048
56$30,798,233$12,848,593$9,817,690$27,136,463
57$33,861,845$13,400,367$10,068,775$29,600,898
58$37,235,495$13,976,726$10,325,821$32,306,332
59$40,950,729$14,578,799$10,588,949$35,276,972
60$45,042,310$15,207,766$10,858,285$38,539,480
61$49,548,541$15,864,863$11,133,953$42,123,219
62$54,511,633$16,551,382$11,416,082$46,060,534
63$59,978,099$17,268,679$11,704,800$50,387,054
64$65,999,192$18,018,171$12,000,238$55,142,023
65$72,631,392$18,801,343$12,302,527$60,368,670
66$79,936,934$19,619,750$12,611,803$66,114,616
67$87,984,402$20,475,018$12,928,198$72,432,319
68$96,849,369$21,368,852$13,251,852$79,379,569
69$106,615,116$22,303,037$13,582,900$87,020,027
70$117,373,413$23,279,441$13,921,482$95,423,829
71$129,225,388$24,300,021$14,267,738$104,668,240
72$142,282,481$25,366,825$14,621,811$114,838,382
73$156,667,495$26,482,000$14,983,842$126,028,035
74$172,515,754$27,647,793$15,353,976$138,340,521
75$189,976,384$28,866,557$15,732,357$151,889,671
76$209,213,714$30,140,758$16,119,130$166,800,900
77$230,408,834$31,472,976$16,514,442$183,212,386
78$253,761,299$32,865,916$16,918,439$201,276,370
79$279,491,014$34,322,408$17,331,270$221,160,592
80$307,840,311$35,845,420$17,753,081$243,049,865
81$339,076,234$37,438,057$18,184,021$267,147,822
82$373,493,063$39,103,575$18,624,238$293,678,827
83$411,415,086$40,845,380$19,073,881$322,890,094
84$453,199,666$42,667,045$19,533,097$355,054,012
85$499,240,611$44,572,309$20,002,034$390,470,714
86$549,971,891$46,565,091$20,480,841$429,470,903
87$605,871,737$48,649,493$20,969,662$472,418,970
88$667,467,153$50,829,817$21,468,645$519,716,425
89$735,338,891$53,110,567$21,977,933$571,805,687
90$810,126,934$55,496,461$22,497,670$629,174,248
91$892,536,538$57,992,443$23,027,997$692,359,273
92$983,344,885$60,603,693$23,569,056$761,952,660
93$1,083,408,427$63,335,638$24,120,983$838,606,627
94$1,193,670,964$66,193,962$24,683,913$923,039,855
95$1,315,172,559$69,184,623$25,257,981$1,016,044,268
96$1,449,059,352$72,313,861$25,843,315$1,118,492,501
97$1,596,594,382$75,588,217$26,440,043$1,231,346,129
98$1,759,169,512$79,014,542$27,048,287$1,355,664,736
99$1,938,318,563$82,600,015$27,668,165$1,492,615,909
100$2,135,731,801$86,352,161$28,299,794$1,643,486,249