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

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$520,248$515,614$511,093$506,680$502,371$485,513
2 years$257,549$252,752$248,103$243,596$239,224$222,406
3 years$169,994$165,176$160,539$156,074$151,774$135,524
4 years$126,225$121,422$116,831$112,443$108,246$92,689
5 years$99,970$95,196$90,666$86,367$82,287$67,464
6 years$82,473$77,735$73,272$69,068$65,111$51,033
7 years$69,980$65,282$60,889$56,785$52,953$39,619
8 years$60,614$55,958$51,639$47,635$43,929$31,329
9 years$53,333$48,722$44,476$40,575$36,995$25,113
10 years$47,512$42,946$38,776$34,976$31,521$20,339
11 years$42,753$38,232$34,137$30,439$27,110$16,605
12 years$38,789$34,315$30,296$26,700$23,493$13,642
13 years$35,438$31,011$27,068$23,572$20,486$11,264
14 years$32,569$28,188$24,320$20,924$17,958$9,338
15 years$30,084$25,750$21,958$18,661$15,812$7,767
16 years$27,911$23,625$19,908$16,709$13,974$6,478
17 years$25,997$21,758$18,116$15,013$12,391$5,415
18 years$24,297$20,106$16,537$13,529$11,017$4,535
19 years$22,777$18,634$15,139$12,225$9,820$3,803
20 years$21,412$17,315$13,894$11,072$8,771$3,194
21 years$20,178$16,128$12,780$10,049$7,849$2,685
22 years$19,057$15,055$11,778$9,136$7,036$2,259
23 years$18,036$14,081$10,875$8,321$6,316$1,902
24 years$17,101$13,193$10,058$7,589$5,677$1,602
25 years$16,242$12,381$9,316$6,931$5,108$1,351
26 years$15,451$11,636$8,640$6,337$4,601$1,139
27 years$14,719$10,951$8,023$5,801$4,148$961
28 years$14,041$10,319$7,458$5,315$3,743$811
29 years$13,411$9,735$6,940$4,874$3,380$685
30 years$12,824$9,193$6,465$4,473$3,054$578
31 years$12,276$8,691$6,027$4,108$2,761$488
32 years$11,763$8,223$5,623$3,775$2,498$412
33 years$11,282$7,788$5,250$3,472$2,260$348
34 years$10,831$7,381$4,906$3,194$2,047$294
35 years$10,406$7,001$4,586$2,940$1,854$249
36 years$10,006$6,645$4,291$2,708$1,679$210
37 years$9,628$6,311$4,016$2,495$1,522$177
38 years$9,271$5,998$3,761$2,300$1,380$150
39 years$8,933$5,703$3,523$2,121$1,251$127
40 years$8,613$5,426$3,302$1,956$1,135$107
41 years$8,309$5,165$3,097$1,805$1,030$91
42 years$8,021$4,919$2,905$1,665$934$77
43 years$7,746$4,687$2,726$1,537$848$65
44 years$7,485$4,468$2,559$1,419$770$55
45 years$7,236$4,260$2,402$1,311$699$46
46 years$6,999$4,064$2,256$1,211$634$39
47 years$6,773$3,878$2,120$1,119$576$33
48 years$6,556$3,702$1,992$1,034$523$28
49 years$6,349$3,536$1,872$955$475$24
50 years$6,151$3,377$1,760$883$432$20

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 $5,701 every year, while hoping to spend $38,341 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: 41/47/12 Blend
39$6,300,000$6,300,000$6,300,000$6,300,000
40$6,948,481$6,614,581$6,516,931$7,208,474
41$7,616,431$6,897,901$6,694,453$7,675,183
42$8,351,227$7,193,818$6,876,638$8,175,758
43$9,159,648$7,502,910$7,063,600$8,716,689
44$10,049,159$7,825,780$7,255,458$9,301,661
45$11,027,991$8,163,061$7,452,334$9,934,720
46$12,105,209$8,515,414$7,654,349$10,620,303
47$13,290,802$8,883,531$7,861,632$11,363,281
48$14,595,778$9,268,138$8,074,311$12,169,001
49$16,032,265$9,669,994$8,292,518$13,043,334
50$17,613,627$10,089,895$8,516,388$13,992,726
51$19,354,588$10,528,671$8,746,059$15,024,258
52$21,271,376$10,987,196$8,981,672$16,145,709
53$23,381,868$11,466,381$9,223,370$17,365,624
54$25,705,767$11,967,181$9,471,300$18,693,394
55$28,264,780$12,490,598$9,725,613$20,139,340
56$31,082,828$13,037,678$9,986,462$21,714,804
57$34,186,271$13,609,519$10,254,003$23,432,258
58$37,604,155$14,207,269$10,528,396$25,305,411
59$41,368,485$14,832,132$10,809,805$27,349,337
60$45,514,532$15,485,367$11,098,394$29,580,614
61$50,081,159$16,168,295$11,394,335$32,017,473
62$55,111,192$16,882,297$11,697,800$34,679,967
63$60,651,824$17,628,820$12,008,967$37,590,155
64$66,755,058$18,409,380$12,328,015$40,772,301
65$73,478,200$19,225,565$12,655,130$44,253,104
66$80,884,396$20,079,038$12,990,497$48,061,938
67$89,043,235$20,971,542$13,334,309$52,231,127
68$98,031,397$21,904,899$13,686,761$56,796,241
69$107,933,383$22,881,023$14,048,051$61,796,426
70$118,842,310$23,901,914$14,418,381$67,274,767
71$130,860,787$24,969,670$14,797,959$73,278,684
72$144,101,892$26,086,488$15,186,995$79,860,377
73$158,690,228$27,254,669$15,585,702$87,077,307
74$174,763,107$28,476,624$15,994,300$94,992,729
75$192,471,845$29,754,879$16,413,009$103,676,283
76$211,983,184$31,092,080$16,842,057$113,204,641
77$233,480,876$32,490,998$17,281,672$123,662,220
78$257,167,408$33,954,539$17,732,090$135,141,970
79$283,265,917$35,485,746$18,193,549$147,746,238
80$312,022,298$37,087,805$18,666,291$161,587,726
81$343,707,524$38,764,058$19,150,563$176,790,544
82$378,620,199$40,518,005$19,646,614$193,491,363
83$417,089,383$42,353,311$20,154,700$211,840,700
84$459,477,698$44,273,821$20,675,080$232,004,320
85$506,184,744$46,283,559$21,208,016$254,164,789
86$557,650,878$48,386,744$21,753,775$278,523,183
87$614,361,371$50,587,797$22,312,629$305,300,969
88$676,850,981$52,891,350$22,884,853$334,742,082
89$745,709,012$55,302,257$23,470,726$367,115,207
90$821,584,868$57,825,604$24,070,532$402,716,302
91$905,194,187$60,466,721$24,684,558$441,871,370
92$997,325,598$63,231,195$25,313,094$484,939,521
93$1,098,848,164$66,124,878$25,956,438$532,316,337
94$1,210,719,584$69,153,905$26,614,887$584,437,589
95$1,333,995,241$72,324,705$27,288,744$641,783,325
96$1,469,838,156$75,644,016$27,978,317$704,882,384
97$1,619,529,973$79,118,898$28,683,916$774,317,357
98$1,784,483,057$82,756,751$29,405,854$850,730,068
99$1,966,253,829$86,565,332$30,144,450$934,827,602
100$2,166,557,454$90,552,768$30,900,024$1,027,388,953