Can I retire at age 40 with 6,600,000?

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$545,022$540,167$535,431$530,807$526,293$511,497
2 years$269,813$264,788$259,918$255,196$250,616$235,822
3 years$178,088$173,042$168,184$163,506$159,001$144,672
4 years$132,235$127,204$122,395$117,797$113,401$99,647
5 years$104,731$99,729$94,983$90,480$86,206$73,065
6 years$86,400$81,437$76,761$72,357$68,211$55,696
7 years$73,312$68,390$63,789$59,489$55,474$43,585
8 years$63,500$58,623$54,098$49,904$46,021$34,751
9 years$55,873$51,042$46,594$42,507$38,757$28,094
10 years$49,775$44,991$40,622$36,641$33,022$22,954
11 years$44,789$40,053$35,763$31,889$28,400$18,910
12 years$40,637$35,949$31,739$27,971$24,611$15,680
13 years$37,126$32,488$28,356$24,694$21,461$13,071
14 years$34,119$29,530$25,478$21,921$18,813$10,942
15 years$31,516$26,977$23,004$19,549$16,564$9,192
16 years$29,240$24,750$20,856$17,504$14,640$7,744
17 years$27,235$22,794$18,978$15,728$12,981$6,540
18 years$25,454$21,063$17,325$14,174$11,542$5,534
19 years$23,862$19,521$15,860$12,807$10,287$4,690
20 years$22,431$18,140$14,555$11,599$9,189$3,981
21 years$21,139$16,896$13,388$10,527$8,223$3,383
22 years$19,965$15,772$12,339$9,572$7,371$2,878
23 years$18,895$14,751$11,393$8,717$6,616$2,450
24 years$17,915$13,821$10,537$7,950$5,947$2,087
25 years$17,016$12,970$9,759$7,261$5,351$1,779
26 years$16,187$12,190$9,051$6,639$4,820$1,517
27 years$15,420$11,472$8,405$6,077$4,346$1,295
28 years$14,710$10,810$7,813$5,568$3,921$1,105
29 years$14,050$10,198$7,271$5,106$3,541$944
30 years$13,435$9,631$6,773$4,686$3,199$806
31 years$12,861$9,105$6,314$4,303$2,893$689
32 years$12,323$8,615$5,891$3,955$2,617$588
33 years$11,820$8,158$5,500$3,637$2,368$503
34 years$11,347$7,732$5,139$3,346$2,144$430
35 years$10,902$7,334$4,805$3,080$1,942$367
36 years$10,482$6,961$4,495$2,837$1,759$314
37 years$10,087$6,611$4,207$2,614$1,595$268
38 years$9,713$6,283$3,940$2,409$1,446$230
39 years$9,359$5,975$3,691$2,221$1,311$196
40 years$9,023$5,684$3,460$2,049$1,189$168
41 years$8,705$5,411$3,244$1,890$1,079$144
42 years$8,403$5,153$3,043$1,745$979$123
43 years$8,115$4,910$2,856$1,611$888$105
44 years$7,842$4,680$2,680$1,487$806$90
45 years$7,581$4,463$2,517$1,373$732$77
46 years$7,332$4,258$2,364$1,269$665$66
47 years$7,095$4,063$2,221$1,172$604$56
48 years$6,868$3,879$2,087$1,083$548$48
49 years$6,651$3,704$1,962$1,001$498$41
50 years$6,444$3,538$1,844$925$452$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $6,600,000, adding $2,691 every year, while hoping to spend $41,296 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: 36/43/21 Blend
39$6,600,000$6,600,000$6,600,000$6,600,000
40$7,275,976$6,926,176$6,823,876$7,491,555
41$7,974,187$7,221,620$7,008,537$7,944,922
42$8,742,231$7,530,156$7,198,000$8,430,002
43$9,587,188$7,852,384$7,392,383$8,952,840
44$10,516,858$8,188,928$7,591,805$9,516,841
45$11,539,836$8,540,443$7,796,388$10,125,735
46$12,665,590$8,907,616$8,006,258$10,783,616
47$13,904,555$9,291,164$8,221,543$11,494,974
48$15,268,228$9,691,839$8,442,372$12,264,738
49$16,769,275$10,110,427$8,668,880$13,098,318
50$18,421,656$10,547,752$8,901,202$14,001,651
51$20,240,749$11,004,676$9,139,476$14,981,260
52$22,243,503$11,482,103$9,383,846$16,044,304
53$24,448,590$11,980,976$9,634,455$17,198,650
54$26,876,589$12,502,286$9,891,452$18,452,941
55$29,550,172$13,047,069$10,154,987$19,816,670
56$32,494,324$13,616,410$10,425,213$21,300,274
57$35,736,575$14,211,445$10,702,288$22,915,220
58$39,307,263$14,833,362$10,986,372$24,674,115
59$43,239,816$15,483,409$11,277,627$26,590,819
60$47,571,070$16,162,890$11,576,221$28,680,569
61$52,341,618$16,873,170$11,882,323$30,960,123
62$57,596,187$17,615,680$12,196,105$33,447,909
63$63,384,069$18,391,918$12,517,745$36,164,194
64$69,759,575$19,203,454$12,847,421$39,131,273
65$76,782,559$20,051,930$13,185,317$42,373,672
66$84,518,974$20,939,068$13,531,619$45,918,372
67$93,041,497$21,866,671$13,886,516$49,795,062
68$102,430,219$22,836,626$14,250,203$54,036,407
69$112,773,392$23,850,912$14,622,875$58,678,354
70$124,168,270$24,911,599$15,004,734$63,760,465
71$136,722,024$26,020,857$15,395,983$69,326,279
72$150,552,751$27,180,960$15,796,829$75,423,718
73$165,790,592$28,394,288$16,207,484$82,105,531
74$182,578,960$29,663,335$16,628,161$89,429,785
75$201,075,889$30,990,714$17,059,080$97,460,401
76$221,455,532$32,379,161$17,500,461$106,267,753
77$243,909,800$33,831,544$17,952,531$115,929,317
78$268,650,177$35,350,867$18,415,518$126,530,399
79$295,909,712$36,940,276$18,889,655$138,164,923
80$325,945,221$38,603,069$19,375,177$150,936,313
81$359,039,714$40,342,699$19,872,325$164,958,455
82$395,505,059$42,162,785$20,381,342$180,356,758
83$435,684,933$44,067,120$20,902,475$197,269,329
84$479,958,062$46,059,675$21,435,975$215,848,265
85$528,741,799$48,144,613$21,982,094$236,261,070
86$582,496,059$50,326,296$22,541,091$258,692,224
87$641,727,665$52,609,293$23,113,226$283,344,914
88$706,995,131$54,998,392$23,698,763$310,442,930
89$778,913,933$57,498,612$24,297,970$340,232,766
90$858,162,319$60,115,209$24,911,117$372,985,926
91$945,487,715$62,853,693$25,538,478$409,001,475
92$1,041,713,775$65,719,837$26,180,331$448,608,836
93$1,147,748,163$68,719,692$26,836,954$492,170,889
94$1,264,591,114$71,859,596$27,508,631$540,087,369
95$1,393,344,885$75,146,193$28,195,648$592,798,622
96$1,535,224,153$78,586,446$28,898,292$650,789,737
97$1,691,567,487$82,187,652$29,616,854$714,595,107
98$1,863,849,980$85,957,456$30,351,628$784,803,445
99$2,053,697,179$89,903,873$31,102,909$862,063,316
100$2,262,900,430$94,035,301$31,870,995$947,089,236