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

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$528,506$523,798$519,205$514,722$510,345$507,341
2 years$261,637$256,764$252,041$247,463$243,021$239,991
3 years$172,692$167,798$163,088$158,552$154,183$151,220
4 years$128,228$123,349$118,686$114,228$109,964$107,091
5 years$101,557$96,707$92,105$87,738$83,593$80,819
6 years$83,782$78,969$74,435$70,165$66,144$63,472
7 years$71,090$66,318$61,856$57,686$53,793$51,224
8 years$61,576$56,847$52,458$48,392$44,627$42,161
9 years$54,180$49,495$45,182$41,219$37,582$35,219
10 years$48,267$43,628$39,391$35,531$32,022$29,760
11 years$43,432$38,839$34,679$30,923$27,540$25,379
12 years$39,405$34,860$30,777$27,123$23,865$21,802
13 years$36,001$31,503$27,497$23,946$20,811$18,844
14 years$33,086$28,636$24,706$21,256$18,243$16,370
15 years$30,561$26,159$22,306$18,957$16,062$14,281
16 years$28,354$24,000$20,224$16,974$14,196$12,504
17 years$26,409$22,104$18,403$15,251$12,587$10,981
18 years$24,682$20,425$16,800$13,744$11,192$9,670
19 years$23,139$18,929$15,379$12,419$9,976$8,534
20 years$21,752$17,590$14,114$11,248$8,910$7,547
21 years$20,498$16,384$12,982$10,208$7,974$6,685
22 years$19,360$15,294$11,965$9,282$7,147$5,931
23 years$18,322$14,304$11,048$8,453$6,416$5,269
24 years$17,373$13,402$10,217$7,709$5,767$4,686
25 years$16,500$12,577$9,463$7,041$5,189$4,172
26 years$15,696$11,821$8,777$6,438$4,674$3,717
27 years$14,953$11,125$8,150$5,893$4,214$3,315
28 years$14,264$10,483$7,577$5,399$3,803$2,959
29 years$13,624$9,889$7,051$4,951$3,434$2,642
30 years$13,028$9,339$6,567$4,544$3,103$2,361
31 years$12,471$8,829$6,123$4,173$2,805$2,110
32 years$11,950$8,354$5,712$3,835$2,537$1,887
33 years$11,461$7,911$5,334$3,527$2,296$1,688
34 years$11,003$7,498$4,984$3,245$2,079$1,511
35 years$10,571$7,112$4,659$2,987$1,883$1,353
36 years$10,165$6,750$4,359$2,751$1,706$1,212
37 years$9,781$6,411$4,080$2,535$1,546$1,085
38 years$9,418$6,093$3,820$2,336$1,402$972
39 years$9,075$5,794$3,579$2,154$1,271$871
40 years$8,750$5,512$3,355$1,987$1,153$781
41 years$8,441$5,247$3,146$1,833$1,046$700
42 years$8,148$4,997$2,951$1,692$949$628
43 years$7,869$4,761$2,769$1,562$861$563
44 years$7,604$4,538$2,599$1,442$782$505
45 years$7,351$4,328$2,441$1,332$710$453
46 years$7,110$4,129$2,292$1,230$645$406
47 years$6,880$3,940$2,153$1,137$585$364
48 years$6,660$3,761$2,024$1,050$532$327
49 years$6,450$3,592$1,902$971$483$293
50 years$6,249$3,431$1,788$897$438$263

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 $2,858 every year, while hoping to spend $42,649 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: 73/18/9 Blend
39$6,400,000$6,400,000$6,400,000$6,400,000
40$7,055,748$6,716,548$6,617,348$7,559,544
41$7,730,056$7,000,281$6,793,651$8,176,141
42$8,471,714$7,296,487$6,974,431$8,845,644
43$9,287,547$7,605,733$7,159,792$9,577,709
44$10,185,074$7,928,611$7,349,842$10,378,508
45$11,172,580$8,265,741$7,544,690$11,254,833
46$12,259,193$8,617,772$7,744,447$12,214,161
47$13,454,971$8,985,384$7,949,227$13,264,721
48$14,770,998$9,369,287$8,159,145$14,415,574
49$16,219,482$9,770,225$8,374,320$15,676,695
50$17,813,881$10,188,977$8,594,871$17,059,066
51$19,569,018$10,626,358$8,820,920$18,574,779
52$21,501,230$11,083,222$9,052,594$20,237,149
53$23,628,518$11,560,462$9,290,017$22,060,836
54$25,970,714$12,059,013$9,533,321$24,061,986
55$28,549,676$12,579,853$9,782,636$26,258,377
56$31,389,485$13,124,008$10,038,096$28,669,589
57$34,516,678$13,692,550$10,299,838$31,317,186
58$37,960,497$14,286,603$10,568,001$34,224,915
59$41,753,164$14,907,343$10,842,725$37,418,935
60$45,930,185$15,556,001$11,124,154$40,928,053
61$50,530,686$16,233,866$11,412,435$44,784,003
62$55,597,779$16,942,289$11,707,715$49,021,737
63$61,178,975$17,682,683$12,010,146$53,679,753
64$67,326,624$18,456,529$12,319,879$58,800,463
65$74,098,416$19,265,375$12,637,072$64,430,581
66$81,557,923$20,110,847$12,961,882$70,621,569
67$89,775,195$20,994,642$13,294,469$77,430,117
68$98,827,427$21,918,542$13,634,996$84,918,677
69$108,799,685$22,884,411$13,983,629$93,156,048
70$119,785,707$23,894,201$14,340,534$102,218,023
71$131,888,789$24,949,956$14,705,882$112,188,102
72$145,222,761$26,053,820$15,079,845$123,158,278
73$159,913,059$27,208,034$15,462,596$135,229,899
74$176,097,912$28,414,949$15,854,314$148,514,623
75$193,929,642$29,677,024$16,255,177$163,135,471
76$213,576,106$30,996,838$16,665,365$179,227,980
77$235,222,276$32,377,091$17,085,062$196,941,481
78$259,071,990$33,820,610$17,514,454$216,440,504
79$285,349,871$35,330,359$17,953,726$237,906,327
80$314,303,452$36,909,440$18,403,070$261,538,683
81$346,205,506$38,561,105$18,862,675$287,557,641
82$381,356,628$40,288,759$19,332,735$316,205,677
83$420,088,066$42,095,970$19,813,443$347,749,960
84$462,764,852$43,986,476$20,304,997$382,484,868
85$509,789,247$45,964,193$20,807,594$420,734,762
86$561,604,534$48,033,222$21,321,433$462,857,040
87$618,699,209$50,197,863$21,846,713$509,245,507
88$681,611,589$52,462,618$22,383,638$560,334,087
89$750,934,890$54,832,206$22,932,409$616,600,909
90$827,322,834$57,311,569$23,493,230$678,572,819
91$911,495,815$59,905,888$24,066,305$746,830,343
92$1,004,247,700$62,620,589$24,651,839$822,013,159
93$1,106,453,326$65,461,358$25,250,036$904,826,133
94$1,219,076,755$68,434,155$25,861,102$996,045,957
95$1,343,180,378$71,545,222$26,485,242$1,096,528,481
96$1,479,934,940$74,801,102$27,122,662$1,207,216,780
97$1,630,630,598$78,208,650$27,773,565$1,329,150,045
98$1,796,689,096$81,775,050$28,438,156$1,463,473,389
99$1,979,677,186$85,507,830$29,116,637$1,611,448,644
100$2,181,321,425$89,414,880$29,809,210$1,774,466,262