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%12%
1 years$553,280$548,351$543,543$538,850$534,267$529,791
2 years$273,901$268,800$263,856$259,063$254,413$249,901
3 years$180,787$175,664$170,732$165,984$161,410$157,003
4 years$134,239$129,131$124,249$119,582$115,119$110,851
5 years$106,317$101,241$96,423$91,850$87,512$83,394
6 years$87,709$82,671$77,924$73,454$69,245$65,284
7 years$74,423$69,427$64,755$60,390$56,315$52,512
8 years$64,463$59,511$54,917$50,660$46,718$43,074
9 years$56,720$51,815$47,300$43,151$39,344$35,856
10 years$50,529$45,673$41,238$37,197$33,523$30,190
11 years$45,467$40,660$36,305$32,372$28,831$25,650
12 years$41,252$36,494$32,220$28,395$24,984$21,953
13 years$37,689$32,980$28,786$25,068$21,787$18,901
14 years$34,636$29,978$25,864$22,253$19,098$16,355
15 years$31,994$27,385$23,352$19,846$16,815$14,211
16 years$29,684$25,125$21,172$17,770$14,862$12,392
17 years$27,647$23,140$19,266$15,966$13,177$10,838
18 years$25,839$21,382$17,587$14,388$11,717$9,503
19 years$24,224$19,817$16,100$13,001$10,443$8,351
20 years$22,771$18,415$14,776$11,775$9,328$7,353
21 years$21,459$17,152$13,591$10,687$8,348$6,485
22 years$20,267$16,011$12,526$9,717$7,482$5,727
23 years$19,181$14,975$11,566$8,849$6,717$5,065
24 years$18,187$14,031$10,696$8,071$6,037$4,484
25 years$17,274$13,167$9,907$7,371$5,432$3,973
26 years$16,432$12,375$9,188$6,739$4,893$3,524
27 years$15,654$11,646$8,532$6,169$4,412$3,128
28 years$14,933$10,974$7,932$5,652$3,981$2,778
29 years$14,263$10,353$7,381$5,183$3,595$2,469
30 years$13,638$9,777$6,875$4,757$3,248$2,195
31 years$13,055$9,243$6,410$4,369$2,936$1,953
32 years$12,510$8,745$5,980$4,015$2,656$1,738
33 years$11,999$8,282$5,584$3,692$2,404$1,547
34 years$11,519$7,850$5,217$3,397$2,176$1,378
35 years$11,067$7,445$4,878$3,127$1,971$1,227
36 years$10,641$7,067$4,563$2,880$1,786$1,094
37 years$10,239$6,712$4,271$2,654$1,619$975
38 years$9,860$6,378$3,999$2,446$1,468$869
39 years$9,500$6,065$3,747$2,255$1,331$775
40 years$9,160$5,771$3,512$2,080$1,207$691
41 years$8,837$5,493$3,293$1,919$1,095$616
42 years$8,530$5,231$3,089$1,771$994$549
43 years$8,238$4,984$2,899$1,635$902$490
44 years$7,961$4,751$2,721$1,510$819$437
45 years$7,696$4,531$2,555$1,394$743$390
46 years$7,444$4,322$2,400$1,288$675$348
47 years$7,203$4,125$2,254$1,190$613$311
48 years$6,972$3,938$2,119$1,099$556$277
49 years$6,752$3,760$1,991$1,016$505$247
50 years$6,542$3,592$1,872$939$459$221

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 $6,590 every year, while hoping to spend $41,042 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: 42/32/26 Blend
39$6,700,000$6,700,000$6,700,000$6,700,000
40$7,390,198$7,035,098$6,931,248$7,644,059
41$8,100,329$7,336,149$7,119,776$8,127,846
42$8,881,519$7,650,576$7,313,245$8,647,038
43$9,740,971$7,978,992$7,511,775$9,208,512
44$10,686,624$8,322,036$7,715,494$9,816,190
45$11,727,223$8,680,380$7,924,527$10,474,381
46$12,872,407$9,054,725$8,139,005$11,187,815
47$14,132,793$9,445,807$8,359,062$11,961,690
48$15,520,081$9,854,395$8,584,834$12,801,716
49$17,047,164$10,281,295$8,816,460$13,714,168
50$18,728,246$10,727,350$9,054,083$14,705,942
51$20,578,980$11,193,443$9,297,848$15,784,618
52$22,616,614$11,680,499$9,547,904$16,958,530
53$24,860,151$12,189,486$9,804,401$18,236,839
54$27,330,533$12,721,418$10,067,495$19,629,620
55$30,050,836$13,277,355$10,337,344$21,147,951
56$33,046,485$13,858,410$10,614,110$22,804,019
57$36,345,501$14,465,747$10,897,957$24,611,226
58$39,978,757$15,100,583$11,189,053$26,584,316
59$43,980,275$15,764,196$11,487,571$28,739,512
60$48,387,544$16,457,922$11,793,685$31,094,660
61$53,241,874$17,183,161$12,107,575$33,669,398
62$58,588,788$17,941,379$12,429,421$36,485,338
63$64,478,449$18,734,112$12,759,412$39,566,262
64$70,966,134$19,562,966$13,097,735$42,938,346
65$78,112,756$20,429,628$13,444,585$46,630,400
66$85,985,438$21,335,860$13,800,160$50,674,137
67$94,658,146$22,283,511$14,164,659$55,104,466
68$104,212,389$23,274,516$14,538,287$59,959,818
69$114,737,988$24,310,902$14,921,255$65,282,501
70$126,333,919$25,394,793$15,313,774$71,119,096
71$139,109,255$26,528,413$15,716,060$77,520,892
72$153,184,186$27,714,093$16,128,336$84,544,359
73$168,691,163$28,954,273$16,550,825$92,251,681
74$185,776,141$30,251,512$16,983,757$100,711,332
75$204,599,958$31,608,487$17,427,364$109,998,716
76$225,339,856$33,028,005$17,881,883$120,196,873
77$248,191,151$34,513,007$18,347,556$131,397,257
78$273,369,077$36,066,573$18,824,627$143,700,585
79$301,110,818$37,691,930$19,313,347$157,217,788
80$331,677,747$39,392,459$19,813,969$172,071,041
81$365,357,891$41,171,704$20,326,751$188,394,916
82$402,468,654$43,033,376$20,851,956$206,337,635
83$443,359,809$44,981,363$21,389,848$226,062,464
84$488,416,801$47,019,742$21,940,700$247,749,245
85$538,064,387$49,152,781$22,504,786$271,596,079
86$592,770,642$51,384,955$23,082,384$297,821,186
87$653,051,381$53,720,952$23,673,777$326,664,958
88$719,475,027$56,165,684$24,279,254$358,392,209
89$792,667,976$58,724,298$24,899,105$393,294,666
90$873,320,510$61,402,189$25,533,626$431,693,711
91$962,193,315$64,205,010$26,183,115$473,943,398
92$1,060,124,661$67,138,683$26,847,877$520,433,782
93$1,168,038,315$70,209,416$27,528,219$571,594,586
94$1,286,952,260$73,423,715$28,224,452$627,899,241
95$1,417,988,311$76,788,397$28,936,891$689,869,341
96$1,562,382,696$80,310,606$29,665,854$758,079,547
97$1,721,497,735$83,997,830$30,411,665$833,162,995
98$1,896,834,697$87,857,917$31,174,648$915,817,254
99$2,090,047,971$91,899,089$31,955,134$1,006,810,893
100$2,302,960,686$96,129,967$32,753,453$1,106,990,710