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

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 $6,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$536,764$531,983$527,318$522,765$518,319$504,154
2 years$265,725$260,776$255,980$251,329$246,819$232,650
3 years$175,390$170,420$165,636$161,029$156,592$142,865
4 years$130,232$125,277$120,540$116,012$111,683$98,502
5 years$103,144$98,218$93,544$89,109$84,899$72,301
6 years$85,091$80,203$75,598$71,261$67,178$55,174
7 years$72,201$67,354$62,822$58,588$54,634$43,225
8 years$62,538$57,735$53,278$49,148$45,324$34,505
9 years$55,027$50,269$45,888$41,863$38,169$27,929
10 years$49,021$44,309$40,007$36,086$32,522$22,848
11 years$44,110$39,446$35,221$31,406$27,970$18,846
12 years$40,021$35,405$31,258$27,547$24,238$15,648
13 years$36,563$31,995$27,927$24,320$21,136$13,061
14 years$33,602$29,083$25,092$21,589$18,528$10,949
15 years$31,039$26,568$22,655$19,253$16,313$9,211
16 years$28,797$24,375$20,540$17,239$14,418$7,771
17 years$26,822$22,449$18,691$15,489$12,784$6,572
18 years$25,068$20,744$17,062$13,959$11,367$5,570
19 years$23,500$19,225$15,620$12,613$10,132$4,728
20 years$22,091$17,865$14,335$11,424$9,050$4,019
21 years$20,818$16,640$13,185$10,368$8,098$3,420
22 years$19,662$15,533$12,152$9,427$7,259$2,914
23 years$18,609$14,528$11,221$8,585$6,516$2,485
24 years$17,644$13,612$10,377$7,830$5,857$2,120
25 years$16,758$12,774$9,611$7,151$5,270$1,810
26 years$15,941$12,005$8,914$6,538$4,747$1,546
27 years$15,187$11,299$8,277$5,985$4,280$1,322
28 years$14,487$10,647$7,695$5,483$3,862$1,130
29 years$13,837$10,044$7,161$5,028$3,487$966
30 years$13,231$9,485$6,670$4,615$3,151$827
31 years$12,666$8,967$6,218$4,238$2,849$707
32 years$12,137$8,484$5,802$3,895$2,577$606
33 years$11,641$8,035$5,417$3,582$2,332$518
34 years$11,175$7,615$5,061$3,296$2,111$444
35 years$10,736$7,223$4,732$3,034$1,912$380
36 years$10,324$6,856$4,427$2,794$1,733$325
37 years$9,934$6,511$4,143$2,574$1,570$279
38 years$9,565$6,188$3,880$2,373$1,424$239
39 years$9,217$5,884$3,635$2,188$1,291$204
40 years$8,887$5,598$3,407$2,018$1,171$175
41 years$8,573$5,329$3,195$1,862$1,062$150
42 years$8,275$5,075$2,997$1,718$964$129
43 years$7,992$4,836$2,812$1,586$875$110
44 years$7,723$4,609$2,640$1,465$794$94
45 years$7,466$4,395$2,479$1,353$721$81
46 years$7,221$4,193$2,328$1,249$655$69
47 years$6,988$4,002$2,187$1,154$594$59
48 years$6,764$3,820$2,055$1,067$540$51
49 years$6,551$3,648$1,932$986$490$44
50 years$6,346$3,485$1,816$911$445$37

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 $6,916 every year, while hoping to spend $58,229 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: 59/13/28 Blend
39$6,500,000$6,500,000$6,500,000$6,500,000
40$7,170,134$6,825,634$6,724,884$7,538,195
41$7,839,532$7,098,135$6,888,212$8,063,095
42$8,575,258$7,382,037$7,055,061$8,628,595
43$9,384,014$7,677,836$7,225,485$9,244,241
44$10,273,187$7,986,054$7,399,543$9,914,922
45$11,250,914$8,307,233$7,577,289$10,646,018
46$12,326,160$8,641,939$7,758,781$11,443,453
47$13,508,802$8,990,768$7,944,073$12,313,746
48$14,809,722$9,354,338$8,133,223$13,264,073
49$16,240,912$9,733,299$8,326,284$14,302,335
50$17,815,582$10,128,327$8,523,311$15,437,229
51$19,548,288$10,540,132$8,724,359$16,678,333
52$21,455,069$10,969,454$8,929,480$18,036,191
53$23,553,596$11,417,068$9,138,728$19,522,413
54$25,863,342$11,883,783$9,352,155$21,149,786
55$28,405,762$12,370,447$9,569,810$22,932,390
56$31,204,495$12,877,945$9,791,745$24,885,730
57$34,285,591$13,407,202$10,018,006$27,026,883
58$37,677,754$13,959,187$10,248,642$29,374,659
59$41,412,611$14,534,914$10,483,697$31,949,771
60$45,525,013$15,135,440$10,723,217$34,775,038
61$50,053,362$15,761,874$10,967,242$37,875,589
62$55,039,973$16,415,374$11,215,813$41,279,109
63$60,531,476$17,097,153$11,468,968$45,016,091
64$66,579,250$17,808,477$11,726,742$49,120,124
65$73,239,915$18,550,674$11,989,170$53,628,212
66$80,575,860$19,325,130$12,256,280$58,581,118
67$88,655,833$20,133,298$12,528,101$64,023,746
68$97,555,593$20,976,694$12,804,657$70,005,567
69$107,358,619$21,856,908$13,085,969$76,581,082
70$118,156,904$22,775,601$13,372,054$83,810,333
71$130,051,816$23,734,513$13,662,926$91,759,470
72$143,155,060$24,735,464$13,958,593$100,501,374
73$157,589,731$25,780,357$14,259,061$110,116,337
74$173,491,474$26,871,184$14,564,330$120,692,827
75$191,009,763$28,010,031$14,874,394$132,328,311
76$210,309,316$29,199,080$15,189,243$145,130,182
77$231,571,645$30,440,613$15,508,861$159,216,760
78$254,996,771$31,737,021$15,833,226$174,718,417
79$280,805,112$33,090,805$16,162,309$191,778,797
80$309,239,561$34,504,583$16,496,075$210,556,170
81$340,567,783$35,981,094$16,834,480$231,224,930
82$375,084,735$37,523,206$17,177,473$253,977,227
83$413,115,456$39,133,922$17,524,997$279,024,790
84$455,018,132$40,816,383$17,876,983$306,600,912
85$501,187,474$42,573,879$18,233,355$336,962,654
86$552,058,451$44,409,853$18,594,027$370,393,268
87$608,110,387$46,327,910$18,958,901$407,204,868
88$669,871,494$48,331,824$19,327,871$447,741,367
89$737,923,849$50,425,547$19,700,818$492,381,728
90$812,908,897$52,613,214$20,077,610$541,543,532
91$895,533,499$54,899,156$20,458,105$595,686,914
92$986,576,609$57,287,908$20,842,145$655,318,910
93$1,086,896,626$59,784,218$21,229,559$720,998,231
94$1,197,439,494$62,393,056$21,620,161$793,340,536
95$1,319,247,636$65,119,630$22,013,750$873,024,240
96$1,453,469,791$67,969,389$22,410,108$960,796,911
97$1,601,371,862$70,948,041$22,808,999$1,057,482,326
98$1,764,348,861$74,061,564$23,210,169$1,163,988,234
99$1,943,938,082$77,316,217$23,613,347$1,281,314,930
100$2,141,833,610$80,718,556$24,018,238$1,410,564,685