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%18%
1 years$528,506$523,798$519,205$514,722$510,345$493,811
2 years$261,637$256,764$252,041$247,463$243,021$226,519
3 years$172,692$167,798$163,088$158,552$154,183$138,229
4 years$128,228$123,349$118,686$114,228$109,964$94,683
5 years$101,557$96,707$92,105$87,738$83,593$69,024
6 years$83,782$78,969$74,435$70,165$66,144$52,300
7 years$71,090$66,318$61,856$57,686$53,793$40,671
8 years$61,576$56,847$52,458$48,392$44,627$32,218
9 years$54,180$49,495$45,182$41,219$37,582$25,873
10 years$48,267$43,628$39,391$35,531$32,022$20,994
11 years$43,432$38,839$34,679$30,923$27,540$17,173
12 years$39,405$34,860$30,777$27,123$23,865$14,137
13 years$36,001$31,503$27,497$23,946$20,811$11,697
14 years$33,086$28,636$24,706$21,256$18,243$9,717
15 years$30,561$26,159$22,306$18,957$16,062$8,100
16 years$28,354$24,000$20,224$16,974$14,196$6,770
17 years$26,409$22,104$18,403$15,251$12,587$5,672
18 years$24,682$20,425$16,800$13,744$11,192$4,760
19 years$23,139$18,929$15,379$12,419$9,976$4,001
20 years$21,752$17,590$14,114$11,248$8,910$3,368
21 years$20,498$16,384$12,982$10,208$7,974$2,838
22 years$19,360$15,294$11,965$9,282$7,147$2,393
23 years$18,322$14,304$11,048$8,453$6,416$2,020
24 years$17,373$13,402$10,217$7,709$5,767$1,706
25 years$16,500$12,577$9,463$7,041$5,189$1,441
26 years$15,696$11,821$8,777$6,438$4,674$1,218
27 years$14,953$11,125$8,150$5,893$4,214$1,030
28 years$14,264$10,483$7,577$5,399$3,803$872
29 years$13,624$9,889$7,051$4,951$3,434$738
30 years$13,028$9,339$6,567$4,544$3,103$624
31 years$12,471$8,829$6,123$4,173$2,805$529
32 years$11,950$8,354$5,712$3,835$2,537$447
33 years$11,461$7,911$5,334$3,527$2,296$379
34 years$11,003$7,498$4,984$3,245$2,079$321
35 years$10,571$7,112$4,659$2,987$1,883$272
36 years$10,165$6,750$4,359$2,751$1,706$230
37 years$9,781$6,411$4,080$2,535$1,546$195
38 years$9,418$6,093$3,820$2,336$1,402$165
39 years$9,075$5,794$3,579$2,154$1,271$140
40 years$8,750$5,512$3,355$1,987$1,153$119
41 years$8,441$5,247$3,146$1,833$1,046$100
42 years$8,148$4,997$2,951$1,692$949$85
43 years$7,869$4,761$2,769$1,562$861$72
44 years$7,604$4,538$2,599$1,442$782$61
45 years$7,351$4,328$2,441$1,332$710$52
46 years$7,110$4,129$2,292$1,230$645$44
47 years$6,880$3,940$2,153$1,137$585$37
48 years$6,660$3,761$2,024$1,050$532$32
49 years$6,450$3,592$1,902$971$483$27
50 years$6,249$3,431$1,788$897$438$23

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 $3,203 every year, while hoping to spend $25,957 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: 61/18/21 Blend
39$6,400,000$6,400,000$6,400,000$6,400,000
40$7,056,104$6,716,904$6,617,704$7,447,555
41$7,748,208$7,018,414$6,811,779$8,014,268
42$8,510,038$7,333,828$7,011,486$8,629,353
43$9,348,676$7,663,801$7,216,985$9,300,078
44$10,271,930$8,009,016$7,428,443$10,031,858
45$11,288,401$8,370,192$7,646,030$10,830,646
46$12,407,567$8,748,080$7,869,921$11,702,994
47$13,639,873$9,143,470$8,100,297$12,656,110
48$14,996,825$9,557,185$8,337,342$13,697,928
49$16,491,106$9,990,092$8,581,248$14,837,175
50$18,136,688$10,443,096$8,832,209$16,083,459
51$19,948,970$10,917,147$9,090,428$17,447,354
52$21,944,918$11,413,241$9,356,111$18,940,498
53$24,143,230$11,932,419$9,629,470$20,575,702
54$26,564,506$12,475,775$9,910,725$22,367,070
55$29,231,451$13,044,454$10,200,099$24,330,127
56$32,169,082$13,639,654$10,497,825$26,481,969
57$35,404,965$14,262,634$10,804,139$28,841,415
58$38,969,480$14,914,712$11,119,286$31,429,187
59$42,896,101$15,597,267$11,443,516$34,268,105
60$47,221,717$16,311,747$11,777,088$37,383,294
61$51,986,978$17,059,668$12,120,266$40,802,424
62$57,236,678$17,842,620$12,473,323$44,555,967
63$63,020,178$18,662,267$12,836,539$48,677,478
64$69,391,875$19,520,357$13,210,201$53,203,916
65$76,411,709$20,418,717$13,594,605$58,175,985
66$84,145,734$21,359,265$13,990,056$63,638,516
67$92,666,742$22,344,012$14,396,865$69,640,887
68$102,054,943$23,375,062$14,815,354$76,237,485
69$112,398,732$24,454,624$15,245,852$83,488,220
70$123,795,513$25,585,012$15,688,699$91,459,079
71$136,352,628$26,768,650$16,144,243$100,222,753
72$150,188,362$28,008,080$16,612,842$109,859,314
73$165,433,066$29,305,967$17,094,863$120,456,969
74$182,230,383$30,665,103$17,590,685$132,112,887
75$200,738,605$32,088,416$18,100,696$144,934,114
76$221,132,168$33,578,975$18,625,295$159,038,574
77$243,603,299$35,139,994$19,164,892$174,556,182
78$268,363,829$36,774,847$19,719,909$191,630,063
79$295,647,192$38,487,067$20,290,778$210,417,899
80$325,710,630$40,280,358$20,877,944$231,093,410
81$358,837,624$42,158,605$21,481,865$253,847,987
82$395,340,562$44,125,877$22,103,008$278,892,498
83$435,563,698$46,186,444$22,741,857$306,459,265
84$479,886,393$48,344,777$23,398,907$336,804,256
85$528,726,702$50,605,568$24,074,667$370,209,493
86$582,545,317$52,973,732$24,769,660$406,985,702
87$641,849,918$55,454,424$25,484,423$447,475,248
88$707,199,966$58,053,046$26,219,506$492,055,351
89$779,211,981$60,775,264$26,975,478$541,141,641
90$858,565,366$63,627,015$27,752,920$595,192,074
91$946,008,820$66,614,526$28,552,430$654,711,247
92$1,042,367,405$69,744,323$29,374,622$720,255,148
93$1,148,550,335$73,023,249$30,220,126$792,436,398
94$1,265,559,559$76,458,479$31,089,590$871,930,024
95$1,394,499,222$80,057,533$31,983,680$959,479,818
96$1,536,586,088$83,828,297$32,903,078$1,055,905,350
97$1,693,161,024$87,779,038$33,848,486$1,162,109,694
98$1,865,701,663$91,918,426$34,820,625$1,279,087,935
99$2,055,836,352$96,255,547$35,820,235$1,407,936,559
100$2,265,359,521$100,799,931$36,848,074$1,549,863,782