Can I retire at age 40 with 6,500,000?

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 $6,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$536,764$531,983$527,318$522,765$518,319$509,942
2 years$265,725$260,776$255,980$251,329$246,819$238,402
3 years$175,390$170,420$165,636$161,029$156,592$148,398
4 years$130,232$125,277$120,540$116,012$111,683$103,774
5 years$103,144$98,218$93,544$89,109$84,899$77,299
6 years$85,091$80,203$75,598$71,261$67,178$59,895
7 years$72,201$67,354$62,822$58,588$54,634$47,670
8 years$62,538$57,735$53,278$49,148$45,324$38,678
9 years$55,027$50,269$45,888$41,863$38,169$31,838
10 years$49,021$44,309$40,007$36,086$32,522$26,500
11 years$44,110$39,446$35,221$31,406$27,970$22,251
12 years$40,021$35,405$31,258$27,547$24,238$18,814
13 years$36,563$31,995$27,927$24,320$21,136$16,000
14 years$33,602$29,083$25,092$21,589$18,528$13,671
15 years$31,039$26,568$22,655$19,253$16,313$11,727
16 years$28,797$24,375$20,540$17,239$14,418$10,092
17 years$26,822$22,449$18,691$15,489$12,784$8,709
18 years$25,068$20,744$17,062$13,959$11,367$7,533
19 years$23,500$19,225$15,620$12,613$10,132$6,529
20 years$22,091$17,865$14,335$11,424$9,050$5,669
21 years$20,818$16,640$13,185$10,368$8,098$4,929
22 years$19,662$15,533$12,152$9,427$7,259$4,291
23 years$18,609$14,528$11,221$8,585$6,516$3,740
24 years$17,644$13,612$10,377$7,830$5,857$3,262
25 years$16,758$12,774$9,611$7,151$5,270$2,848
26 years$15,941$12,005$8,914$6,538$4,747$2,488
27 years$15,187$11,299$8,277$5,985$4,280$2,175
28 years$14,487$10,647$7,695$5,483$3,862$1,903
29 years$13,837$10,044$7,161$5,028$3,487$1,665
30 years$13,231$9,485$6,670$4,615$3,151$1,458
31 years$12,666$8,967$6,218$4,238$2,849$1,277
32 years$12,137$8,484$5,802$3,895$2,577$1,118
33 years$11,641$8,035$5,417$3,582$2,332$980
34 years$11,175$7,615$5,061$3,296$2,111$859
35 years$10,736$7,223$4,732$3,034$1,912$753
36 years$10,324$6,856$4,427$2,794$1,733$660
37 years$9,934$6,511$4,143$2,574$1,570$579
38 years$9,565$6,188$3,880$2,373$1,424$508
39 years$9,217$5,884$3,635$2,188$1,291$445
40 years$8,887$5,598$3,407$2,018$1,171$391
41 years$8,573$5,329$3,195$1,862$1,062$343
42 years$8,275$5,075$2,997$1,718$964$301
43 years$7,992$4,836$2,812$1,586$875$264
44 years$7,723$4,609$2,640$1,465$794$232
45 years$7,466$4,395$2,479$1,353$721$203
46 years$7,221$4,193$2,328$1,249$655$178
47 years$6,988$4,002$2,187$1,154$594$157
48 years$6,764$3,820$2,055$1,067$540$137
49 years$6,551$3,648$1,932$986$490$121
50 years$6,346$3,485$1,816$911$445$106

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $6,500,000, adding $4,121 every year, while hoping to spend $57,203 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: 82/11/7 Blend
39$6,500,000$6,500,000$6,500,000$6,500,000
40$7,167,251$6,822,751$6,722,001$7,749,806
41$7,837,447$7,096,202$6,886,324$8,404,814
42$8,574,086$7,381,135$7,054,235$9,115,671
43$9,383,884$7,678,052$7,225,794$9,894,291
44$10,274,242$7,987,479$7,401,060$10,747,425
45$11,253,312$8,309,963$7,580,093$11,682,508
46$12,330,077$8,646,078$7,762,953$12,707,727
47$13,514,434$8,996,425$7,949,701$13,832,100
48$14,817,285$9,361,628$8,140,395$15,065,556
49$16,250,645$9,742,345$8,335,095$16,419,032
50$17,827,751$10,139,260$8,533,861$17,904,572
51$19,563,187$10,553,089$8,736,750$19,535,443
52$21,473,023$10,984,582$8,943,823$21,326,257
53$23,574,966$11,434,521$9,155,135$23,293,109
54$25,888,525$11,903,725$9,370,745$25,453,727
55$28,435,198$12,393,051$9,590,708$27,827,642
56$31,238,672$12,903,395$9,815,081$30,436,364
57$34,325,048$13,435,692$10,043,917$33,303,593
58$37,723,085$13,990,923$10,277,271$36,455,433
59$41,464,474$14,570,112$10,515,193$39,920,643
60$45,584,133$15,174,331$10,757,735$43,730,906
61$50,120,542$15,804,700$11,004,947$47,921,125
62$55,116,100$16,462,393$11,256,875$52,529,753
63$60,617,527$17,148,635$11,513,565$57,599,155
64$66,676,307$17,864,710$11,775,062$63,176,003
65$73,349,169$18,611,961$12,041,406$69,311,720
66$80,698,628$19,391,790$12,312,636$76,062,961
67$88,793,569$20,205,669$12,588,790$83,492,145
68$97,709,900$21,055,133$12,869,901$91,668,047
69$107,531,267$21,941,792$13,156,000$100,666,442
70$118,349,845$22,867,328$13,447,115$110,570,817
71$130,267,204$23,833,503$13,743,269$121,473,163
72$143,395,274$24,842,159$14,044,483$133,474,836
73$157,857,392$25,895,225$14,350,773$146,687,514
74$173,789,474$26,994,719$14,662,152$161,234,251
75$191,341,293$28,142,753$14,978,627$177,250,631
76$210,677,894$29,341,537$15,300,200$194,886,052
77$231,981,152$30,593,385$15,626,870$214,305,130
78$255,451,487$31,900,719$15,958,627$235,689,253
79$281,309,756$33,266,071$16,295,459$259,238,287
80$309,799,338$34,692,096$16,637,344$285,172,465
81$341,188,431$36,181,569$16,984,256$313,734,460
82$375,772,583$37,737,398$17,336,160$345,191,675
83$413,877,481$39,362,625$17,693,016$379,838,761
84$455,862,026$41,060,435$18,054,773$418,000,401
85$502,121,718$42,834,163$18,421,374$460,034,367
86$553,092,395$44,687,298$18,792,752$506,334,896
87$609,254,341$46,623,497$19,168,830$557,336,409
88$671,136,820$48,646,585$19,549,522$613,517,607
89$739,323,076$50,760,568$19,934,732$675,405,988
90$814,455,835$52,969,640$20,324,350$743,582,822
91$897,243,371$55,278,195$20,718,257$818,688,634
92$988,466,198$57,690,828$21,116,322$901,429,247
93$1,088,984,428$60,212,358$21,518,397$992,582,440
94$1,199,745,901$62,847,824$21,924,324$1,093,005,289
95$1,321,795,123$65,602,508$22,333,929$1,203,642,251
96$1,456,283,133$68,481,938$22,747,023$1,325,534,073
97$1,604,478,364$71,491,905$23,163,400$1,459,827,620
98$1,767,778,621$74,638,472$23,582,838$1,607,786,685
99$1,947,724,274$77,927,990$24,005,096$1,770,803,927
100$2,146,012,798$81,367,110$24,429,915$1,950,414,001