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%14%
1 years$545,022$540,167$535,431$530,807$526,293$517,574
2 years$269,813$264,788$259,918$255,196$250,616$241,857
3 years$178,088$173,042$168,184$163,506$159,001$150,475
4 years$132,235$127,204$122,395$117,797$113,401$105,174
5 years$104,731$99,729$94,983$90,480$86,206$78,300
6 years$86,400$81,437$76,761$72,357$68,211$60,638
7 years$73,312$68,390$63,789$59,489$55,474$48,234
8 years$63,500$58,623$54,098$49,904$46,021$39,113
9 years$55,873$51,042$46,594$42,507$38,757$32,177
10 years$49,775$44,991$40,622$36,641$33,022$26,766
11 years$44,789$40,053$35,763$31,889$28,400$22,460
12 years$40,637$35,949$31,739$27,971$24,611$18,979
13 years$37,126$32,488$28,356$24,694$21,461$16,130
14 years$34,119$29,530$25,478$21,921$18,813$13,772
15 years$31,516$26,977$23,004$19,549$16,564$11,805
16 years$29,240$24,750$20,856$17,504$14,640$10,152
17 years$27,235$22,794$18,978$15,728$12,981$8,755
18 years$25,454$21,063$17,325$14,174$11,542$7,568
19 years$23,862$19,521$15,860$12,807$10,287$6,554
20 years$22,431$18,140$14,555$11,599$9,189$5,686
21 years$21,139$16,896$13,388$10,527$8,223$4,940
22 years$19,965$15,772$12,339$9,572$7,371$4,298
23 years$18,895$14,751$11,393$8,717$6,616$3,742
24 years$17,915$13,821$10,537$7,950$5,947$3,262
25 years$17,016$12,970$9,759$7,261$5,351$2,846
26 years$16,187$12,190$9,051$6,639$4,820$2,484
27 years$15,420$11,472$8,405$6,077$4,346$2,170
28 years$14,710$10,810$7,813$5,568$3,921$1,897
29 years$14,050$10,198$7,271$5,106$3,541$1,658
30 years$13,435$9,631$6,773$4,686$3,199$1,451
31 years$12,861$9,105$6,314$4,303$2,893$1,269
32 years$12,323$8,615$5,891$3,955$2,617$1,111
33 years$11,820$8,158$5,500$3,637$2,368$973
34 years$11,347$7,732$5,139$3,346$2,144$852
35 years$10,902$7,334$4,805$3,080$1,942$746
36 years$10,482$6,961$4,495$2,837$1,759$654
37 years$10,087$6,611$4,207$2,614$1,595$573
38 years$9,713$6,283$3,940$2,409$1,446$502
39 years$9,359$5,975$3,691$2,221$1,311$440
40 years$9,023$5,684$3,460$2,049$1,189$386
41 years$8,705$5,411$3,244$1,890$1,079$338
42 years$8,403$5,153$3,043$1,745$979$296
43 years$8,115$4,910$2,856$1,611$888$260
44 years$7,842$4,680$2,680$1,487$806$228
45 years$7,581$4,463$2,517$1,373$732$200
46 years$7,332$4,258$2,364$1,269$665$175
47 years$7,095$4,063$2,221$1,172$604$154
48 years$6,868$3,879$2,087$1,083$548$135
49 years$6,651$3,704$1,962$1,001$498$118
50 years$6,444$3,538$1,844$925$452$104

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 $4,258 every year, while hoping to spend $48,546 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: 61/29/10 Blend
39$6,600,000$6,600,000$6,600,000$6,600,000
40$7,277,592$6,927,792$6,825,492$7,704,711
41$7,968,254$7,215,601$7,002,494$8,279,306
42$8,727,736$7,515,886$7,183,797$8,900,063
43$9,563,007$7,829,207$7,369,497$9,576,190
44$10,481,745$8,156,149$7,559,686$10,313,037
45$11,492,408$8,497,325$7,754,460$11,116,487
46$12,604,317$8,853,377$7,953,918$11,993,009
47$13,827,741$9,224,976$8,158,158$12,949,723
48$15,173,994$9,612,823$8,367,279$13,994,457
49$16,655,543$10,017,654$8,581,385$15,135,827
50$18,286,125$10,440,235$8,800,578$16,383,310
51$20,080,875$10,881,372$9,024,963$17,747,337
52$22,056,472$11,341,907$9,254,646$19,239,387
53$24,231,290$11,822,719$9,489,735$20,872,090
54$26,625,580$12,324,730$9,730,339$22,659,351
55$29,261,651$12,848,904$9,976,569$24,616,472
56$32,164,091$13,396,251$10,228,535$26,760,300
57$35,359,988$13,967,828$10,486,351$29,109,377
58$38,879,195$14,564,739$10,750,131$31,684,120
59$42,754,604$15,188,143$11,019,992$34,507,003
60$47,022,461$15,839,249$11,296,049$37,602,772
61$51,722,707$16,519,327$11,578,421$40,998,675
62$56,899,352$17,229,703$11,867,228$44,724,712
63$62,600,894$17,971,767$12,162,588$48,813,921
64$68,880,775$18,746,973$12,464,624$53,302,680
65$75,797,883$19,556,844$12,773,458$58,231,052
66$83,417,111$20,402,973$13,089,213$63,643,157
67$91,809,967$21,287,030$13,412,013$69,587,585
68$101,055,251$22,210,761$13,741,982$76,117,851
69$111,239,794$23,175,996$14,079,246$83,292,895
70$122,459,284$24,184,650$14,423,931$91,177,635
71$134,819,162$25,238,729$14,776,164$99,843,576
72$148,435,622$26,340,332$15,136,071$109,369,477
73$163,436,705$27,491,658$15,503,779$119,842,092
74$179,963,509$28,695,010$15,879,416$131,356,984
75$198,171,520$29,952,798$16,263,109$144,019,421
76$218,232,077$31,267,547$16,654,985$157,945,361
77$240,333,993$32,641,902$17,055,172$173,262,548
78$264,685,336$34,078,630$17,463,795$190,111,702
79$291,515,389$35,580,633$17,880,982$208,647,850
80$321,076,821$37,150,946$18,306,857$229,041,777
81$353,648,065$38,792,750$18,741,545$251,481,632
82$389,535,951$40,509,378$19,185,169$276,174,699
83$429,078,598$42,304,317$19,637,852$303,349,343
84$472,648,609$44,181,223$20,099,715$333,257,161
85$520,656,587$46,143,923$20,570,875$366,175,344
86$573,555,010$48,196,427$21,051,451$402,409,289
87$631,842,503$50,342,933$21,541,557$442,295,473
88$696,068,544$52,587,843$22,041,305$486,204,616
89$766,838,652$54,935,764$22,550,804$534,545,173
90$844,820,101$57,391,522$23,070,163$587,767,180
91$930,748,221$59,960,176$23,599,483$646,366,490
92$1,025,433,337$62,647,023$24,138,863$710,889,441
93$1,129,768,423$65,457,613$24,688,401$781,938,008
94$1,244,737,526$68,397,759$25,248,185$860,175,465
95$1,371,425,057$71,473,553$25,818,304$946,332,638
96$1,511,026,033$74,691,377$26,398,836$1,041,214,791
97$1,664,857,350$78,057,916$26,989,859$1,145,709,211
98$1,834,370,221$81,580,175$27,591,441$1,260,793,570
99$2,021,163,873$85,265,494$28,203,644$1,387,545,142
100$2,227,000,647$89,121,562$28,826,525$1,527,150,951