Can I retire at age 40 with 6,400,000?

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$528,506$523,798$519,205$514,722$510,345$494,801
2 years$261,637$256,764$252,041$247,463$243,021$227,495
3 years$172,692$167,798$163,088$158,552$154,183$139,160
4 years$128,228$123,349$118,686$114,228$109,964$95,561
5 years$101,557$96,707$92,105$87,738$83,593$69,848
6 years$83,782$78,969$74,435$70,165$66,144$53,069
7 years$71,090$66,318$61,856$57,686$53,793$41,388
8 years$61,576$56,847$52,458$48,392$44,627$32,883
9 years$54,180$49,495$45,182$41,219$37,582$26,487
10 years$48,267$43,628$39,391$35,531$32,022$21,560
11 years$43,432$38,839$34,679$30,923$27,540$17,693
12 years$39,405$34,860$30,777$27,123$23,865$14,613
13 years$36,001$31,503$27,497$23,946$20,811$12,132
14 years$33,086$28,636$24,706$21,256$18,243$10,114
15 years$30,561$26,159$22,306$18,957$16,062$8,460
16 years$28,354$24,000$20,224$16,974$14,196$7,097
17 years$26,409$22,104$18,403$15,251$12,587$5,967
18 years$24,682$20,425$16,800$13,744$11,192$5,027
19 years$23,139$18,929$15,379$12,419$9,976$4,241
20 years$21,752$17,590$14,114$11,248$8,910$3,584
21 years$20,498$16,384$12,982$10,208$7,974$3,031
22 years$19,360$15,294$11,965$9,282$7,147$2,566
23 years$18,322$14,304$11,048$8,453$6,416$2,175
24 years$17,373$13,402$10,217$7,709$5,767$1,844
25 years$16,500$12,577$9,463$7,041$5,189$1,564
26 years$15,696$11,821$8,777$6,438$4,674$1,328
27 years$14,953$11,125$8,150$5,893$4,214$1,127
28 years$14,264$10,483$7,577$5,399$3,803$958
29 years$13,624$9,889$7,051$4,951$3,434$814
30 years$13,028$9,339$6,567$4,544$3,103$691
31 years$12,471$8,829$6,123$4,173$2,805$588
32 years$11,950$8,354$5,712$3,835$2,537$500
33 years$11,461$7,911$5,334$3,527$2,296$425
34 years$11,003$7,498$4,984$3,245$2,079$361
35 years$10,571$7,112$4,659$2,987$1,883$307
36 years$10,165$6,750$4,359$2,751$1,706$261
37 years$9,781$6,411$4,080$2,535$1,546$222
38 years$9,418$6,093$3,820$2,336$1,402$189
39 years$9,075$5,794$3,579$2,154$1,271$161
40 years$8,750$5,512$3,355$1,987$1,153$137
41 years$8,441$5,247$3,146$1,833$1,046$117
42 years$8,148$4,997$2,951$1,692$949$99
43 years$7,869$4,761$2,769$1,562$861$84
44 years$7,604$4,538$2,599$1,442$782$72
45 years$7,351$4,328$2,441$1,332$710$61
46 years$7,110$4,129$2,292$1,230$645$52
47 years$6,880$3,940$2,153$1,137$585$44
48 years$6,660$3,761$2,024$1,050$532$38
49 years$6,450$3,592$1,902$971$483$32
50 years$6,249$3,431$1,788$897$438$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $6,400,000, adding $4,621 every year, while hoping to spend $42,580 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: 62/16/22 Blend
39$6,400,000$6,400,000$6,400,000$6,400,000
40$7,057,567$6,718,367$6,619,167$7,454,248
41$7,732,134$7,002,262$6,795,604$8,006,833
42$8,474,079$7,298,641$6,976,525$8,604,752
43$9,290,231$7,608,070$7,162,034$9,256,610
44$10,188,113$7,931,143$7,352,240$9,967,669
45$11,176,012$8,268,481$7,547,252$10,743,722
46$12,263,061$8,620,732$7,747,180$11,591,144
47$13,459,322$8,988,577$7,952,140$12,516,949
48$14,775,883$9,372,728$8,162,247$13,528,859
49$16,224,960$9,773,929$8,377,620$14,635,373
50$17,820,015$10,192,959$8,598,378$15,845,845
51$19,575,878$10,630,636$8,824,645$17,170,575
52$21,508,893$11,087,813$9,056,547$18,620,901
53$23,637,068$11,565,384$9,294,209$20,209,305
54$25,980,247$12,064,285$9,537,763$21,949,534
55$28,560,294$12,585,497$9,787,340$23,856,719
56$31,401,303$13,130,046$10,043,075$25,947,526
57$34,529,822$13,699,004$10,305,104$28,240,306
58$37,975,107$14,293,498$10,573,568$30,755,266
59$41,769,392$14,914,704$10,848,607$33,514,662
60$45,948,201$15,563,855$11,130,366$36,543,004
61$50,550,675$16,242,242$11,418,991$39,867,286
62$55,619,948$16,951,216$11,714,631$43,517,238
63$61,203,550$17,692,193$12,017,439$47,525,608
64$67,353,856$18,466,654$12,327,567$51,928,464
65$74,128,581$19,276,151$12,645,172$56,765,535
66$81,591,323$20,122,310$12,970,412$62,080,584
67$89,812,167$21,006,832$13,303,449$67,921,817
68$98,868,340$21,931,499$13,644,447$74,342,336
69$108,844,946$22,898,177$13,993,571$81,400,639
70$119,835,764$23,908,822$14,350,990$89,161,166
71$131,944,139$24,965,480$14,716,874$97,694,907
72$145,283,948$26,070,297$15,091,397$107,080,070
73$159,980,686$27,225,516$15,474,734$117,402,814
74$176,172,641$28,433,492$15,867,063$128,758,057
75$194,012,204$29,696,686$16,268,563$141,250,376
76$213,667,306$31,017,681$16,679,417$154,994,981
77$235,323,003$32,399,179$17,099,809$170,118,806
78$259,183,223$33,844,012$17,529,926$186,761,700
79$285,472,689$35,355,146$17,969,956$205,077,746
80$314,439,043$36,935,688$18,420,089$225,236,707
81$346,355,181$38,588,893$18,880,518$247,425,626
82$381,521,832$40,318,170$19,351,437$271,850,590
83$420,270,391$42,127,093$19,833,043$298,738,667
84$462,966,053$44,019,403$20,325,532$328,340,045
85$510,011,257$45,999,020$20,829,104$360,930,392
86$561,849,486$48,070,053$21,343,959$396,813,446
87$618,969,452$50,236,804$21,870,301$436,323,886
88$681,909,711$52,503,783$22,408,331$479,830,477
89$751,263,746$54,875,712$22,958,255$527,739,549
90$827,685,569$57,357,543$23,520,277$580,498,829
91$911,895,895$59,954,461$24,094,604$638,601,655
92$1,004,688,946$62,671,898$24,681,443$702,591,631
93$1,106,939,947$65,515,550$25,281,000$773,067,750
94$1,219,613,392$68,491,382$25,893,483$850,690,040
95$1,343,772,143$71,605,645$26,519,100$936,185,789
96$1,480,587,470$74,864,890$27,158,058$1,030,356,402
97$1,631,350,103$78,275,981$27,810,564$1,134,084,957
98$1,797,482,419$81,846,110$28,476,825$1,248,344,535
99$1,980,551,873$85,582,816$29,157,045$1,374,207,395
100$2,182,285,787$89,493,997$29,851,429$1,512,855,086