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%12.8%
1 years$536,764$531,983$527,318$522,765$518,319$512,267
2 years$265,725$260,776$255,980$251,329$246,819$240,727
3 years$175,390$170,420$165,636$161,029$156,592$150,650
4 years$130,232$125,277$120,540$116,012$111,683$105,936
5 years$103,144$98,218$93,544$89,109$84,899$79,365
6 years$85,091$80,203$75,598$71,261$67,178$61,862
7 years$72,201$67,354$62,822$58,588$54,634$49,539
8 years$62,538$57,735$53,278$49,148$45,324$40,450
9 years$55,027$50,269$45,888$41,863$38,169$33,514
10 years$49,021$44,309$40,007$36,086$32,522$28,082
11 years$44,110$39,446$35,221$31,406$27,970$23,742
12 years$40,021$35,405$31,258$27,547$24,238$20,217
13 years$36,563$31,995$27,927$24,320$21,136$17,317
14 years$33,602$29,083$25,092$21,589$18,528$14,905
15 years$31,039$26,568$22,655$19,253$16,313$12,881
16 years$28,797$24,375$20,540$17,239$14,418$11,171
17 years$26,822$22,449$18,691$15,489$12,784$9,715
18 years$25,068$20,744$17,062$13,959$11,367$8,470
19 years$23,500$19,225$15,620$12,613$10,132$7,401
20 years$22,091$17,865$14,335$11,424$9,050$6,478
21 years$20,818$16,640$13,185$10,368$8,098$5,679
22 years$19,662$15,533$12,152$9,427$7,259$4,986
23 years$18,609$14,528$11,221$8,585$6,516$4,382
24 years$17,644$13,612$10,377$7,830$5,857$3,856
25 years$16,758$12,774$9,611$7,151$5,270$3,396
26 years$15,941$12,005$8,914$6,538$4,747$2,993
27 years$15,187$11,299$8,277$5,985$4,280$2,639
28 years$14,487$10,647$7,695$5,483$3,862$2,329
29 years$13,837$10,044$7,161$5,028$3,487$2,057
30 years$13,231$9,485$6,670$4,615$3,151$1,817
31 years$12,666$8,967$6,218$4,238$2,849$1,606
32 years$12,137$8,484$5,802$3,895$2,577$1,419
33 years$11,641$8,035$5,417$3,582$2,332$1,255
34 years$11,175$7,615$5,061$3,296$2,111$1,110
35 years$10,736$7,223$4,732$3,034$1,912$983
36 years$10,324$6,856$4,427$2,794$1,733$870
37 years$9,934$6,511$4,143$2,574$1,570$770
38 years$9,565$6,188$3,880$2,373$1,424$681
39 years$9,217$5,884$3,635$2,188$1,291$603
40 years$8,887$5,598$3,407$2,018$1,171$534
41 years$8,573$5,329$3,195$1,862$1,062$473
42 years$8,275$5,075$2,997$1,718$964$419
43 years$7,992$4,836$2,812$1,586$875$371
44 years$7,723$4,609$2,640$1,465$794$329
45 years$7,466$4,395$2,479$1,353$721$292
46 years$7,221$4,193$2,328$1,249$655$258
47 years$6,988$4,002$2,187$1,154$594$229
48 years$6,764$3,820$2,055$1,067$540$203
49 years$6,551$3,648$1,932$986$490$180
50 years$6,346$3,485$1,816$911$445$159

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 $2,185 every year, while hoping to spend $48,395 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: 84/6/10 Blend
39$6,500,000$6,500,000$6,500,000$6,500,000
40$7,165,254$6,820,754$6,720,004$7,756,336
41$7,844,618$7,103,479$6,893,632$8,425,891
42$8,591,655$7,398,435$7,071,455$9,154,500
43$9,413,217$7,706,172$7,253,562$9,953,347
44$10,316,852$8,027,261$7,440,043$10,829,465
45$11,310,878$8,362,304$7,630,992$11,790,601
46$12,404,458$8,711,928$7,826,501$12,845,287
47$13,607,690$9,076,789$8,026,665$14,002,920
48$14,931,697$9,457,575$8,231,582$15,273,851
49$16,388,738$9,855,004$8,441,347$16,669,484
50$17,992,319$10,269,828$8,656,061$18,202,377
51$19,757,320$10,702,835$8,875,824$19,886,366
52$21,700,140$11,154,846$9,100,737$21,736,694
53$23,838,845$11,626,725$9,330,904$23,770,148
54$26,193,346$12,119,373$9,566,427$26,005,227
55$28,785,578$12,633,733$9,807,413$28,462,308
56$31,639,714$13,170,793$10,053,968$31,163,838
57$34,782,389$13,731,586$10,306,200$34,134,552
58$38,242,952$14,317,194$10,564,218$37,401,696
59$42,053,745$14,928,748$10,828,131$40,995,290
60$46,250,404$15,567,434$11,098,051$44,948,409
61$50,872,199$16,234,492$11,374,089$49,297,494
62$55,962,401$16,931,219$11,656,358$54,082,694
63$61,568,692$17,658,975$11,944,973$59,348,245
64$67,743,616$18,419,182$12,240,047$65,142,887
65$74,545,072$19,213,329$12,541,695$71,520,322
66$82,036,862$20,042,975$12,850,035$78,539,721
67$90,289,292$20,909,752$13,165,182$86,266,280
68$99,379,838$21,815,368$13,487,254$94,771,837
69$109,393,872$22,761,611$13,816,367$104,135,543
70$120,425,473$23,750,356$14,152,641$114,444,616
71$132,578,309$24,783,561$14,496,193$125,795,156
72$145,966,622$25,863,281$14,847,141$138,293,056
73$160,716,301$26,991,666$15,205,603$152,054,996
74$176,966,071$28,170,965$15,571,698$167,209,547
75$194,868,804$29,403,536$15,945,544$183,898,379
76$214,592,960$30,691,847$16,327,258$202,277,600
77$236,324,178$32,038,482$16,716,956$222,519,228
78$260,267,025$33,446,150$17,114,755$244,812,810
79$286,646,933$34,917,682$17,520,771$269,367,213
80$315,712,321$36,456,050$17,935,118$296,412,594
81$347,736,942$38,064,360$18,357,908$326,202,567
82$383,022,465$39,745,869$18,789,254$359,016,600
83$421,901,328$41,503,988$19,229,265$395,162,648
84$464,739,867$43,342,287$19,678,049$434,980,061
85$511,941,783$45,264,508$20,135,712$478,842,780
86$563,951,944$47,274,569$20,602,359$527,162,872
87$621,260,594$49,376,574$21,078,089$580,394,411
88$684,407,971$51,574,822$21,563,001$639,037,770
89$753,989,412$53,873,816$22,057,190$703,644,332
90$830,660,972$56,278,274$22,560,746$774,821,703
91$915,145,618$58,793,136$23,073,758$853,239,437
92$1,008,240,051$61,423,580$23,596,308$939,635,360
93$1,110,822,228$64,175,026$24,128,476$1,034,822,530
94$1,223,859,649$67,053,157$24,670,335$1,139,696,910
95$1,348,418,495$70,063,923$25,221,952$1,255,245,822
96$1,485,673,686$73,213,560$25,783,392$1,382,557,266
97$1,636,919,976$76,508,598$26,354,710$1,522,830,188
98$1,803,584,176$79,955,882$26,935,955$1,677,385,796
99$1,987,238,623$83,562,581$27,527,170$1,847,680,026
100$2,189,616,022$87,336,208$28,128,391$2,035,317,287