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%11.1%
1 years$545,022$540,167$535,431$530,807$526,293$523,855
2 years$269,813$264,788$259,918$255,196$250,616$248,155
3 years$178,088$173,042$168,184$163,506$159,001$156,593
4 years$132,235$127,204$122,395$117,797$113,401$111,065
5 years$104,731$99,729$94,983$90,480$86,206$83,948
6 years$86,400$81,437$76,761$72,357$68,211$66,036
7 years$73,312$68,390$63,789$59,489$55,474$53,382
8 years$63,500$58,623$54,098$49,904$46,021$44,011
9 years$55,873$51,042$46,594$42,507$38,757$36,829
10 years$49,775$44,991$40,622$36,641$33,022$31,177
11 years$44,789$40,053$35,763$31,889$28,400$26,635
12 years$40,637$35,949$31,739$27,971$24,611$22,925
13 years$37,126$32,488$28,356$24,694$21,461$19,852
14 years$34,119$29,530$25,478$21,921$18,813$17,280
15 years$31,516$26,977$23,004$19,549$16,564$15,105
16 years$29,240$24,750$20,856$17,504$14,640$13,252
17 years$27,235$22,794$18,978$15,728$12,981$11,662
18 years$25,454$21,063$17,325$14,174$11,542$10,291
19 years$23,862$19,521$15,860$12,807$10,287$9,102
20 years$22,431$18,140$14,555$11,599$9,189$8,066
21 years$21,139$16,896$13,388$10,527$8,223$7,161
22 years$19,965$15,772$12,339$9,572$7,371$6,367
23 years$18,895$14,751$11,393$8,717$6,616$5,669
24 years$17,915$13,821$10,537$7,950$5,947$5,053
25 years$17,016$12,970$9,759$7,261$5,351$4,509
26 years$16,187$12,190$9,051$6,639$4,820$4,028
27 years$15,420$11,472$8,405$6,077$4,346$3,600
28 years$14,710$10,810$7,813$5,568$3,921$3,221
29 years$14,050$10,198$7,271$5,106$3,541$2,883
30 years$13,435$9,631$6,773$4,686$3,199$2,582
31 years$12,861$9,105$6,314$4,303$2,893$2,314
32 years$12,323$8,615$5,891$3,955$2,617$2,074
33 years$11,820$8,158$5,500$3,637$2,368$1,861
34 years$11,347$7,732$5,139$3,346$2,144$1,669
35 years$10,902$7,334$4,805$3,080$1,942$1,498
36 years$10,482$6,961$4,495$2,837$1,759$1,345
37 years$10,087$6,611$4,207$2,614$1,595$1,208
38 years$9,713$6,283$3,940$2,409$1,446$1,085
39 years$9,359$5,975$3,691$2,221$1,311$975
40 years$9,023$5,684$3,460$2,049$1,189$876
41 years$8,705$5,411$3,244$1,890$1,079$787
42 years$8,403$5,153$3,043$1,745$979$708
43 years$8,115$4,910$2,856$1,611$888$636
44 years$7,842$4,680$2,680$1,487$806$572
45 years$7,581$4,463$2,517$1,373$732$514
46 years$7,332$4,258$2,364$1,269$665$463
47 years$7,095$4,063$2,221$1,172$604$416
48 years$6,868$3,879$2,087$1,083$548$374
49 years$6,651$3,704$1,962$1,001$498$337
50 years$6,444$3,538$1,844$925$452$303

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 $5,526 every year, while hoping to spend $55,298 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: 62/19/19 Blend
39$6,600,000$6,600,000$6,600,000$6,600,000
40$7,278,900$6,929,100$6,826,800$7,694,369
41$7,962,511$7,209,789$6,996,661$8,255,832
42$8,713,997$7,502,379$7,170,359$8,861,848
43$9,540,223$7,807,394$7,347,965$9,522,177
44$10,448,752$8,125,382$7,529,548$10,242,111
45$11,447,917$8,456,918$7,715,180$11,027,471
46$12,546,899$8,802,602$7,904,933$11,884,664
47$13,755,813$9,163,059$8,098,878$12,820,740
48$15,085,803$9,538,946$8,297,087$13,843,458
49$16,549,150$9,930,949$8,499,635$14,961,360
50$18,159,382$10,339,785$8,706,592$16,183,847
51$19,931,409$10,766,204$8,918,032$17,521,269
52$21,881,655$11,210,990$9,134,028$18,985,018
53$24,028,219$11,674,964$9,354,653$20,587,640
54$26,391,043$12,158,983$9,579,981$22,342,945
55$28,992,102$12,663,946$9,810,082$24,266,139
56$31,855,608$13,190,791$10,045,032$26,373,968
57$35,008,240$13,740,500$10,284,901$28,684,870
58$38,479,397$14,314,101$10,529,761$31,219,150
59$42,301,472$14,912,668$10,779,684$33,999,168
60$46,510,159$15,537,326$11,034,740$37,049,552
61$51,144,791$16,189,251$11,295,000$40,397,423
62$56,248,710$16,869,674$11,560,533$44,072,653
63$61,869,673$17,579,883$11,831,406$48,108,142
64$68,060,308$18,321,226$12,107,686$52,540,130
65$74,878,606$19,095,112$12,389,440$57,408,532
66$82,388,469$19,903,017$12,676,731$62,757,316
67$90,660,313$20,746,486$12,969,622$68,634,914
68$99,771,734$21,627,133$13,268,174$75,094,676
69$109,808,239$22,546,650$13,572,445$82,195,372
70$120,864,050$23,506,807$13,882,493$90,001,744
71$133,042,998$24,509,455$14,198,372$98,585,114
72$146,459,500$25,556,535$14,520,133$108,024,051
73$161,239,637$26,650,073$14,847,826$118,405,116
74$177,522,349$27,792,195$15,181,496$129,823,667
75$195,460,739$28,985,124$15,521,187$142,384,766
76$215,223,525$30,231,185$15,866,938$156,204,158
77$236,996,628$31,532,817$16,218,784$171,409,364
78$260,984,927$32,892,568$16,576,756$188,140,881
79$287,414,194$34,313,107$16,940,881$206,553,503
80$316,533,223$35,797,231$17,311,182$226,817,779
81$348,616,181$37,347,864$17,687,675$249,121,616
82$383,965,192$38,968,071$18,070,374$273,672,052
83$422,913,192$40,661,057$18,459,282$300,697,203
84$465,827,071$42,430,182$18,854,401$330,448,411
85$513,111,132$44,278,960$19,255,723$363,202,614
86$565,210,913$46,211,075$19,663,235$399,264,951
87$622,617,389$48,230,380$20,076,916$438,971,642
88$685,871,606$50,340,913$20,496,737$482,693,151
89$755,569,792$52,546,899$20,922,659$530,837,680
90$832,368,980$54,852,767$21,354,638$583,855,013
91$916,993,214$57,263,150$21,792,616$642,240,760
92$1,010,240,382$59,782,905$22,236,529$706,541,026
93$1,112,989,747$62,417,113$22,686,299$777,357,557
94$1,226,210,250$65,171,101$23,141,839$855,353,417
95$1,350,969,655$68,050,444$23,603,050$941,259,236
96$1,488,444,626$71,060,982$24,069,818$1,035,880,104
97$1,639,931,841$74,208,833$24,542,020$1,140,103,156
98$1,806,860,226$77,500,403$25,019,515$1,254,905,942
99$1,990,804,450$80,942,404$25,502,150$1,381,365,648
100$2,193,499,785$84,541,863$25,989,753$1,520,669,249