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%19.5%
1 years$520,248$515,614$511,093$506,680$502,371$483,202
2 years$257,549$252,752$248,103$243,596$239,224$220,138
3 years$169,994$165,176$160,539$156,074$151,774$133,370
4 years$126,225$121,422$116,831$112,443$108,246$90,665
5 years$99,970$95,196$90,666$86,367$82,287$65,574
6 years$82,473$77,735$73,272$69,068$65,111$49,278
7 years$69,980$65,282$60,889$56,785$52,953$37,994
8 years$60,614$55,958$51,639$47,635$43,929$29,831
9 years$53,333$48,722$44,476$40,575$36,995$23,737
10 years$47,512$42,946$38,776$34,976$31,521$19,079
11 years$42,753$38,232$34,137$30,439$27,110$15,455
12 years$38,789$34,315$30,296$26,700$23,493$12,596
13 years$35,438$31,011$27,068$23,572$20,486$10,316
14 years$32,569$28,188$24,320$20,924$17,958$8,481
15 years$30,084$25,750$21,958$18,661$15,812$6,994
16 years$27,911$23,625$19,908$16,709$13,974$5,783
17 years$25,997$21,758$18,116$15,013$12,391$4,791
18 years$24,297$20,106$16,537$13,529$11,017$3,976
19 years$22,777$18,634$15,139$12,225$9,820$3,305
20 years$21,412$17,315$13,894$11,072$8,771$2,750
21 years$20,178$16,128$12,780$10,049$7,849$2,290
22 years$19,057$15,055$11,778$9,136$7,036$1,909
23 years$18,036$14,081$10,875$8,321$6,316$1,592
24 years$17,101$13,193$10,058$7,589$5,677$1,329
25 years$16,242$12,381$9,316$6,931$5,108$1,109
26 years$15,451$11,636$8,640$6,337$4,601$927
27 years$14,719$10,951$8,023$5,801$4,148$774
28 years$14,041$10,319$7,458$5,315$3,743$647
29 years$13,411$9,735$6,940$4,874$3,380$541
30 years$12,824$9,193$6,465$4,473$3,054$452
31 years$12,276$8,691$6,027$4,108$2,761$378
32 years$11,763$8,223$5,623$3,775$2,498$316
33 years$11,282$7,788$5,250$3,472$2,260$264
34 years$10,831$7,381$4,906$3,194$2,047$221
35 years$10,406$7,001$4,586$2,940$1,854$185
36 years$10,006$6,645$4,291$2,708$1,679$155
37 years$9,628$6,311$4,016$2,495$1,522$129
38 years$9,271$5,998$3,761$2,300$1,380$108
39 years$8,933$5,703$3,523$2,121$1,251$91
40 years$8,613$5,426$3,302$1,956$1,135$76
41 years$8,309$5,165$3,097$1,805$1,030$63
42 years$8,021$4,919$2,905$1,665$934$53
43 years$7,746$4,687$2,726$1,537$848$44
44 years$7,485$4,468$2,559$1,419$770$37
45 years$7,236$4,260$2,402$1,311$699$31
46 years$6,999$4,064$2,256$1,211$634$26
47 years$6,773$3,878$2,120$1,119$576$22
48 years$6,556$3,702$1,992$1,034$523$18
49 years$6,349$3,536$1,872$955$475$15
50 years$6,151$3,377$1,760$883$432$13

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 $5,773 every year, while hoping to spend $32,112 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: 80/13/7 Blend
39$6,300,000$6,300,000$6,300,000$6,300,000
40$6,948,555$6,614,655$6,517,005$7,498,821
41$7,623,141$6,904,606$6,701,158$8,150,023
42$8,365,458$7,207,689$6,890,403$8,859,569
43$9,182,381$7,524,512$7,084,878$9,637,144
44$10,081,485$7,855,715$7,284,723$10,489,521
45$11,071,117$8,201,965$7,490,082$11,424,162
46$12,160,473$8,563,963$7,701,102$12,449,280
47$13,359,687$8,942,442$7,917,934$13,573,920
48$14,679,923$9,338,171$8,140,733$14,808,042
49$16,133,487$9,751,953$8,369,659$16,162,614
50$17,733,935$10,184,631$8,604,875$17,649,714
51$19,496,206$10,637,087$8,846,548$19,282,646
52$21,436,761$11,110,246$9,094,849$21,076,060
53$23,573,738$11,605,076$9,349,954$23,046,091
54$25,927,126$12,122,591$9,612,044$25,210,513
55$28,518,948$12,663,854$9,881,303$27,588,901
56$31,373,475$13,229,977$10,157,921$30,202,816
57$34,517,450$13,822,127$10,442,092$33,076,009
58$37,980,343$14,441,524$10,734,015$36,234,642
59$41,794,628$15,089,448$11,033,894$39,707,531
60$45,996,088$15,767,239$11,341,938$43,526,425
61$50,624,157$16,476,302$11,658,361$47,726,292
62$55,722,288$17,218,108$11,983,383$52,345,659
63$61,338,364$17,994,198$12,317,229$57,426,966
64$67,525,151$18,806,187$12,660,130$63,016,967
65$74,340,794$19,655,767$13,012,321$69,167,173
66$81,849,366$20,544,711$13,374,046$75,934,329
67$90,121,476$21,474,877$13,745,551$83,380,955
68$99,234,930$22,448,210$14,127,091$91,575,931
69$109,275,471$23,466,749$14,518,926$100,595,141
70$120,337,582$24,532,633$14,921,323$110,522,196
71$132,525,382$25,648,099$15,334,554$121,449,211
72$145,953,609$26,815,494$15,758,900$133,477,679
73$160,748,701$28,037,276$16,194,646$146,719,425
74$177,049,988$29,316,023$16,642,087$161,297,654
75$195,011,011$30,654,433$17,101,521$177,348,120
76$214,800,970$32,055,335$17,573,257$195,020,395
77$236,606,317$33,521,695$18,057,610$214,479,285
78$260,632,523$35,056,620$18,554,902$235,906,379
79$287,106,012$36,663,365$19,065,462$259,501,761
80$316,276,298$38,345,343$19,589,628$285,485,894
81$348,418,347$40,106,131$20,127,747$314,101,699
82$383,835,163$41,949,476$20,680,171$345,616,842
83$422,860,656$43,879,307$21,247,263$380,326,260
84$465,862,789$45,899,740$21,829,393$418,554,940
85$513,247,057$48,015,090$22,426,941$460,660,978
86$565,460,307$50,229,880$23,040,293$507,038,964
87$622,994,963$52,548,848$23,669,848$558,123,692
88$686,393,671$54,976,964$24,316,010$614,394,267
89$756,254,425$57,519,435$24,979,196$676,378,620
90$833,236,206$60,181,717$25,659,828$744,658,484
91$918,065,209$62,969,531$26,358,343$819,874,886
92$1,011,541,696$65,888,874$27,075,184$902,734,187
93$1,114,547,551$68,946,031$27,810,804$994,014,744
94$1,228,054,605$72,147,590$28,565,669$1,094,574,257
95$1,353,133,808$75,500,455$29,340,253$1,205,357,853
96$1,490,965,346$79,011,867$30,135,041$1,327,407,006
97$1,642,849,775$82,689,412$30,950,528$1,461,869,357
98$1,810,220,303$86,541,045$31,787,222$1,610,009,545
99$1,994,656,321$90,575,103$32,645,641$1,773,221,134
100$2,197,898,310$94,800,327$33,526,314$1,953,039,765