Can I retire at age 40 with 6,700,000?

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$553,280$548,351$543,543$538,850$534,267$518,203
2 years$273,901$268,800$263,856$259,063$254,413$238,364
3 years$180,787$175,664$170,732$165,984$161,410$145,879
4 years$134,239$129,131$124,249$119,582$115,119$100,225
5 years$106,317$101,241$96,423$91,850$87,512$73,296
6 years$87,709$82,671$77,924$73,454$69,245$55,720
7 years$74,423$69,427$64,755$60,390$56,315$43,479
8 years$64,463$59,511$54,917$50,660$46,718$34,565
9 years$56,720$51,815$47,300$43,151$39,344$27,859
10 years$50,529$45,673$41,238$37,197$33,523$22,691
11 years$45,467$40,660$36,305$32,372$28,831$18,633
12 years$41,252$36,494$32,220$28,395$24,984$15,400
13 years$37,689$32,980$28,786$25,068$21,787$12,793
14 years$34,636$29,978$25,864$22,253$19,098$10,673
15 years$31,994$27,385$23,352$19,846$16,815$8,934
16 years$29,684$25,125$21,172$17,770$14,862$7,500
17 years$27,647$23,140$19,266$15,966$13,177$6,311
18 years$25,839$21,382$17,587$14,388$11,717$5,320
19 years$24,224$19,817$16,100$13,001$10,443$4,492
20 years$22,771$18,415$14,776$11,775$9,328$3,798
21 years$21,459$17,152$13,591$10,687$8,348$3,215
22 years$20,267$16,011$12,526$9,717$7,482$2,724
23 years$19,181$14,975$11,566$8,849$6,717$2,310
24 years$18,187$14,031$10,696$8,071$6,037$1,960
25 years$17,274$13,167$9,907$7,371$5,432$1,665
26 years$16,432$12,375$9,188$6,739$4,893$1,414
27 years$15,654$11,646$8,532$6,169$4,412$1,202
28 years$14,933$10,974$7,932$5,652$3,981$1,021
29 years$14,263$10,353$7,381$5,183$3,595$869
30 years$13,638$9,777$6,875$4,757$3,248$739
31 years$13,055$9,243$6,410$4,369$2,936$629
32 years$12,510$8,745$5,980$4,015$2,656$535
33 years$11,999$8,282$5,584$3,692$2,404$455
34 years$11,519$7,850$5,217$3,397$2,176$387
35 years$11,067$7,445$4,878$3,127$1,971$330
36 years$10,641$7,067$4,563$2,880$1,786$281
37 years$10,239$6,712$4,271$2,654$1,619$239
38 years$9,860$6,378$3,999$2,446$1,468$204
39 years$9,500$6,065$3,747$2,255$1,331$173
40 years$9,160$5,771$3,512$2,080$1,207$148
41 years$8,837$5,493$3,293$1,919$1,095$126
42 years$8,530$5,231$3,089$1,771$994$107
43 years$8,238$4,984$2,899$1,635$902$91
44 years$7,961$4,751$2,721$1,510$819$78
45 years$7,696$4,531$2,555$1,394$743$66
46 years$7,444$4,322$2,400$1,288$675$56
47 years$7,203$4,125$2,254$1,190$613$48
48 years$6,972$3,938$2,119$1,099$556$41
49 years$6,752$3,760$1,991$1,016$505$35
50 years$6,542$3,592$1,872$939$459$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $6,700,000, adding $5,999 every year, while hoping to spend $20,690 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: 43/39/18 Blend
39$6,700,000$6,700,000$6,700,000$6,700,000
40$7,389,588$7,034,488$6,930,638$7,668,389
41$8,121,312$7,357,164$7,140,800$8,188,176
42$8,926,978$7,694,957$7,357,310$8,748,469
43$9,814,107$8,048,588$7,580,357$9,355,061
44$10,790,986$8,418,808$7,810,138$10,012,222
45$11,866,745$8,806,408$8,046,856$10,724,641
46$13,051,446$9,212,215$8,290,719$11,497,464
47$14,356,177$9,637,097$8,541,942$12,336,338
48$15,793,156$10,081,964$8,800,745$13,247,467
49$17,375,844$10,547,767$9,067,357$14,237,662
50$19,119,078$11,035,505$9,342,012$15,314,404
51$21,039,206$11,546,226$9,624,950$16,485,915
52$23,154,241$12,081,027$9,916,422$17,761,226
53$25,484,033$12,641,058$10,216,683$19,150,261
54$28,050,459$13,227,524$10,525,996$20,663,927
55$30,877,622$13,841,689$10,844,633$22,314,216
56$33,992,086$14,484,878$11,172,874$24,114,307
57$37,423,121$15,158,479$11,511,007$26,078,693
58$41,202,982$15,863,947$11,859,329$28,223,309
59$45,367,214$16,602,808$12,218,144$30,565,679
60$49,954,986$17,376,662$12,587,768$33,125,076
61$55,009,460$18,187,185$12,968,525$35,922,701
62$60,578,202$19,036,133$13,360,747$38,981,872
63$66,713,625$19,925,350$13,764,779$42,328,245
64$73,473,489$20,856,767$14,180,973$45,990,046
65$80,921,445$21,832,408$14,609,695$49,998,332
66$89,127,632$22,854,396$15,051,320$54,387,277
67$98,169,345$23,924,956$15,506,233$59,194,491
68$108,131,759$25,046,419$15,974,833$64,461,363
69$119,108,737$26,221,233$16,457,529$70,233,449
70$131,203,714$27,451,960$16,954,742$76,560,888
71$144,530,675$28,741,287$17,466,908$83,498,874
72$159,215,227$30,092,034$17,994,473$91,108,164
73$175,395,791$31,507,153$18,537,898$99,455,644
74$193,224,900$32,989,743$19,097,656$108,614,949
75$212,870,649$34,543,050$19,674,237$118,667,152
76$234,518,275$36,170,478$20,268,143$129,701,514
77$258,371,904$37,875,597$20,879,891$141,816,321
78$284,656,486$39,662,149$21,510,016$155,119,798
79$313,619,911$41,534,058$22,159,064$169,731,116
80$345,535,351$43,495,436$22,827,603$185,781,510
81$380,703,843$45,550,598$23,516,213$203,415,501
82$419,457,122$47,704,065$24,225,494$222,792,248
83$462,160,763$49,960,579$24,956,062$244,087,036
84$509,217,625$52,325,111$25,708,554$267,492,916
85$561,071,655$54,802,873$26,483,623$293,222,512
86$618,212,081$57,399,332$27,281,942$321,510,010
87$681,178,032$60,120,217$28,104,205$352,613,356
88$750,563,621$62,971,538$28,951,126$386,816,667
89$827,023,562$65,959,594$29,823,440$424,432,900
90$911,279,343$69,090,993$30,721,903$465,806,784
91$1,004,126,045$72,372,660$31,647,296$511,318,055
92$1,106,439,841$75,811,860$32,600,420$561,385,017
93$1,219,186,272$79,416,208$33,582,101$616,468,470
94$1,343,429,360$83,193,691$34,593,189$677,076,038
95$1,480,341,655$87,152,682$35,634,561$743,766,935
96$1,631,215,303$91,301,962$36,707,118$817,157,217
97$1,797,474,244$95,650,739$37,811,788$897,925,573
98$1,980,687,660$100,208,668$38,949,525$986,819,701
99$2,182,584,782$104,985,874$40,121,315$1,084,663,342
100$2,405,071,221$109,992,972$41,328,170$1,192,364,021