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%14.4%
1 years$545,022$540,167$535,431$530,807$526,293$516,724
2 years$269,813$264,788$259,918$255,196$250,616$241,009
3 years$178,088$173,042$168,184$163,506$159,001$149,656
4 years$132,235$127,204$122,395$117,797$113,401$104,390
5 years$104,731$99,729$94,983$90,480$86,206$77,555
6 years$86,400$81,437$76,761$72,357$68,211$59,930
7 years$73,312$68,390$63,789$59,489$55,474$47,564
8 years$63,500$58,623$54,098$49,904$46,021$38,481
9 years$55,873$51,042$46,594$42,507$38,757$31,581
10 years$49,775$44,991$40,622$36,641$33,022$26,206
11 years$44,789$40,053$35,763$31,889$28,400$21,935
12 years$40,637$35,949$31,739$27,971$24,611$18,488
13 years$37,126$32,488$28,356$24,694$21,461$15,671
14 years$34,119$29,530$25,478$21,921$18,813$13,344
15 years$31,516$26,977$23,004$19,549$16,564$11,407
16 years$29,240$24,750$20,856$17,504$14,640$9,782
17 years$27,235$22,794$18,978$15,728$12,981$8,412
18 years$25,454$21,063$17,325$14,174$11,542$7,250
19 years$23,862$19,521$15,860$12,807$10,287$6,261
20 years$22,431$18,140$14,555$11,599$9,189$5,415
21 years$21,139$16,896$13,388$10,527$8,223$4,691
22 years$19,965$15,772$12,339$9,572$7,371$4,068
23 years$18,895$14,751$11,393$8,717$6,616$3,532
24 years$17,915$13,821$10,537$7,950$5,947$3,069
25 years$17,016$12,970$9,759$7,261$5,351$2,669
26 years$16,187$12,190$9,051$6,639$4,820$2,322
27 years$15,420$11,472$8,405$6,077$4,346$2,022
28 years$14,710$10,810$7,813$5,568$3,921$1,761
29 years$14,050$10,198$7,271$5,106$3,541$1,535
30 years$13,435$9,631$6,773$4,686$3,199$1,338
31 years$12,861$9,105$6,314$4,303$2,893$1,167
32 years$12,323$8,615$5,891$3,955$2,617$1,018
33 years$11,820$8,158$5,500$3,637$2,368$889
34 years$11,347$7,732$5,139$3,346$2,144$776
35 years$10,902$7,334$4,805$3,080$1,942$677
36 years$10,482$6,961$4,495$2,837$1,759$591
37 years$10,087$6,611$4,207$2,614$1,595$516
38 years$9,713$6,283$3,940$2,409$1,446$451
39 years$9,359$5,975$3,691$2,221$1,311$394
40 years$9,023$5,684$3,460$2,049$1,189$344
41 years$8,705$5,411$3,244$1,890$1,079$301
42 years$8,403$5,153$3,043$1,745$979$263
43 years$8,115$4,910$2,856$1,611$888$229
44 years$7,842$4,680$2,680$1,487$806$200
45 years$7,581$4,463$2,517$1,373$732$175
46 years$7,332$4,258$2,364$1,269$665$153
47 years$7,095$4,063$2,221$1,172$604$134
48 years$6,868$3,879$2,087$1,083$548$117
49 years$6,651$3,704$1,962$1,001$498$102
50 years$6,444$3,538$1,844$925$452$89

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 $6,560 every year, while hoping to spend $42,992 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: 60/11/29 Blend
39$6,600,000$6,600,000$6,600,000$6,600,000
40$7,279,967$6,930,167$6,827,867$7,659,084
41$7,976,780$7,224,002$7,010,857$8,212,574
42$8,743,228$7,530,794$7,198,537$8,811,110
43$9,586,366$7,851,132$7,391,017$9,463,360
44$10,513,972$8,185,634$7,588,413$10,174,571
45$11,534,613$8,534,945$7,790,840$10,950,516
46$12,657,727$8,899,742$7,998,417$11,797,552
47$13,893,716$9,280,730$8,211,265$12,722,672
48$15,254,041$9,678,652$8,429,508$13,733,578
49$16,751,329$10,094,281$8,653,272$14,838,746
50$18,399,493$10,528,429$8,882,685$16,047,509
51$20,213,865$10,981,946$9,117,879$17,370,139
52$22,211,338$11,455,721$9,358,987$18,817,951
53$24,410,527$11,950,683$9,606,146$20,403,400
54$26,831,943$12,467,809$9,859,493$22,140,203
55$29,498,186$13,008,116$10,119,171$24,043,463
56$32,434,162$13,572,675$10,385,325$26,129,814
57$35,667,313$14,162,603$10,658,099$28,417,575
58$39,227,879$14,779,070$10,937,645$30,926,920
59$43,149,181$15,423,303$11,224,115$33,680,069
60$47,467,938$16,096,585$11,517,663$36,701,494
61$52,224,610$16,800,260$11,818,448$40,018,151
62$57,463,784$17,535,737$12,126,629$43,659,730
63$63,234,590$18,304,488$12,442,371$47,658,937
64$69,591,167$19,108,057$12,765,840$52,051,795
65$76,593,175$19,948,060$13,097,204$56,877,990
66$84,306,354$20,826,190$13,436,636$62,181,236
67$92,803,149$21,744,220$13,784,310$68,009,689
68$102,163,389$22,704,007$14,140,404$74,416,403
69$112,475,045$23,707,493$14,505,097$81,459,821
70$123,835,056$24,756,717$14,878,575$89,204,329
71$136,350,247$25,853,811$15,261,022$97,720,862
72$150,138,333$27,001,009$15,652,627$107,087,568
73$165,329,036$28,200,651$16,053,583$117,390,548
74$182,065,302$29,455,188$16,464,083$128,724,658
75$200,504,659$30,767,187$16,884,325$141,194,411
76$220,820,693$32,139,339$17,314,509$154,914,953
77$243,204,697$33,574,459$17,754,838$170,013,154
78$267,867,468$35,075,500$18,205,517$186,628,794
79$295,041,302$36,645,552$18,666,755$204,915,888
80$324,982,185$38,287,855$19,138,762$225,044,130
81$357,972,209$40,005,800$19,621,750$247,200,495
82$394,322,233$41,802,943$20,115,938$271,590,998
83$434,374,820$43,683,006$20,621,541$298,442,639
84$478,507,470$45,649,892$21,138,781$328,005,535
85$527,136,183$47,707,688$21,667,881$360,555,285
86$580,719,384$49,860,675$22,209,066$396,395,563
87$639,762,254$52,113,341$22,762,563$435,860,979
88$704,821,496$54,470,387$23,328,601$479,320,237
89$776,510,591$56,936,738$23,907,411$527,179,610
90$855,505,589$59,517,556$24,499,226$579,886,766
91$942,551,490$62,218,247$25,104,281$637,934,995
92$1,038,469,279$65,044,478$25,722,812$701,867,857
93$1,144,163,675$68,002,188$26,355,056$772,284,310
94$1,260,631,672$71,097,596$27,001,252$849,844,355
95$1,388,971,948$74,337,224$27,661,640$935,275,263
96$1,530,395,241$77,727,903$28,336,459$1,029,378,435
97$1,686,235,777$81,276,791$29,025,952$1,133,036,961
98$1,857,963,865$84,991,393$29,730,360$1,247,223,946
99$2,047,199,777$88,879,569$30,449,925$1,373,011,696
100$2,255,729,045$92,949,559$31,184,889$1,511,581,828