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

Use the below retirement simulation to view the chances of a successful retirement.
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%11%
1 years$553,280$548,351$543,543$538,850$534,267$532,016
2 years$273,901$268,800$263,856$259,063$254,413$252,140
3 years$180,787$175,664$170,732$165,984$161,410$159,186
4 years$134,239$129,131$124,249$119,582$115,119$112,961
5 years$106,317$101,241$96,423$91,850$87,512$85,426
6 years$87,709$82,671$77,924$73,454$69,245$67,234
7 years$74,423$69,427$64,755$60,390$56,315$54,380
8 years$64,463$59,511$54,917$50,660$46,718$44,860
9 years$56,720$51,815$47,300$43,151$39,344$37,561
10 years$50,529$45,673$41,238$37,197$33,523$31,815
11 years$45,467$40,660$36,305$32,372$28,831$27,197
12 years$41,252$36,494$32,220$28,395$24,984$23,423
13 years$37,689$32,980$28,786$25,068$21,787$20,297
14 years$34,636$29,978$25,864$22,253$19,098$17,678
15 years$31,994$27,385$23,352$19,846$16,815$15,463
16 years$29,684$25,125$21,172$17,770$14,862$13,575
17 years$27,647$23,140$19,266$15,966$13,177$11,955
18 years$25,839$21,382$17,587$14,388$11,717$10,557
19 years$24,224$19,817$16,100$13,001$10,443$9,344
20 years$22,771$18,415$14,776$11,775$9,328$8,286
21 years$21,459$17,152$13,591$10,687$8,348$7,362
22 years$20,267$16,011$12,526$9,717$7,482$6,551
23 years$19,181$14,975$11,566$8,849$6,717$5,837
24 years$18,187$14,031$10,696$8,071$6,037$5,207
25 years$17,274$13,167$9,907$7,371$5,432$4,650
26 years$16,432$12,375$9,188$6,739$4,893$4,156
27 years$15,654$11,646$8,532$6,169$4,412$3,718
28 years$14,933$10,974$7,932$5,652$3,981$3,329
29 years$14,263$10,353$7,381$5,183$3,595$2,982
30 years$13,638$9,777$6,875$4,757$3,248$2,673
31 years$13,055$9,243$6,410$4,369$2,936$2,397
32 years$12,510$8,745$5,980$4,015$2,656$2,151
33 years$11,999$8,282$5,584$3,692$2,404$1,931
34 years$11,519$7,850$5,217$3,397$2,176$1,734
35 years$11,067$7,445$4,878$3,127$1,971$1,557
36 years$10,641$7,067$4,563$2,880$1,786$1,399
37 years$10,239$6,712$4,271$2,654$1,619$1,258
38 years$9,860$6,378$3,999$2,446$1,468$1,131
39 years$9,500$6,065$3,747$2,255$1,331$1,017
40 years$9,160$5,771$3,512$2,080$1,207$914
41 years$8,837$5,493$3,293$1,919$1,095$823
42 years$8,530$5,231$3,089$1,771$994$740
43 years$8,238$4,984$2,899$1,635$902$666
44 years$7,961$4,751$2,721$1,510$819$599
45 years$7,696$4,531$2,555$1,394$743$539
46 years$7,444$4,322$2,400$1,288$675$485
47 years$7,203$4,125$2,254$1,190$613$437
48 years$6,972$3,938$2,119$1,099$556$393
49 years$6,752$3,760$1,991$1,016$505$354
50 years$6,542$3,592$1,872$939$459$319

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 $6,290 every year, while hoping to spend $30,292 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: 59/20/21 Blend
39$6,700,000$6,700,000$6,700,000$6,700,000
40$7,389,888$7,034,788$6,930,938$7,784,412
41$8,111,426$7,347,262$7,130,894$8,365,479
42$8,905,546$7,674,032$7,336,533$8,995,065
43$9,779,619$8,015,767$7,548,014$9,681,045
44$10,741,767$8,373,166$7,765,500$10,428,882
45$11,800,939$8,746,964$7,989,156$11,244,585
46$12,966,999$9,137,929$8,219,156$12,134,764
47$14,250,810$9,546,865$8,455,676$13,106,691
48$15,664,347$9,974,616$8,698,896$14,168,369
49$17,220,804$10,422,065$8,949,002$15,328,600
50$18,934,718$10,890,139$9,206,186$16,597,072
51$20,822,110$11,379,806$9,470,643$17,984,448
52$22,900,630$11,892,082$9,742,575$19,502,462
53$25,189,732$12,428,031$10,022,189$21,164,028
54$27,710,849$12,988,769$10,309,697$22,983,364
55$30,487,601$13,575,464$10,605,317$24,976,118
56$33,546,014$14,189,340$10,909,273$27,159,518
57$36,914,769$14,831,679$11,221,794$29,552,530
58$40,625,469$15,503,824$11,543,118$32,176,036
59$44,712,941$16,207,185$11,873,486$35,053,027
60$49,215,560$16,943,237$12,213,147$38,208,819
61$54,175,616$17,713,524$12,562,357$41,671,286
62$59,639,710$18,519,668$12,921,377$45,471,125
63$65,659,194$19,363,366$13,290,477$49,642,139
64$72,290,657$20,246,396$13,669,933$54,221,553
65$79,596,458$21,170,623$14,060,029$59,250,365
66$87,645,313$22,138,000$14,461,057$64,773,727
67$96,512,946$23,150,574$14,873,314$70,841,367
68$106,282,805$24,210,490$15,297,108$77,508,057
69$117,046,843$25,319,996$15,732,753$84,834,125
70$128,906,394$26,481,448$16,180,573$92,886,020
71$141,973,123$27,697,317$16,640,899$101,736,934
72$156,370,085$28,970,188$17,114,072$111,467,492
73$172,232,881$30,302,775$17,600,441$122,166,505
74$189,710,944$31,697,919$18,100,365$133,931,805
75$208,968,943$33,158,601$18,614,210$146,871,162
76$230,188,344$34,687,941$19,142,355$161,103,298
77$253,569,118$36,289,213$19,685,187$176,759,002
78$279,331,630$37,965,847$20,243,103$193,982,356
79$307,718,720$39,721,437$20,816,511$212,932,093
80$338,997,994$41,559,752$21,405,828$233,783,086
81$373,464,351$43,484,741$22,011,485$256,727,996
82$411,442,766$45,500,544$22,633,921$281,979,078
83$453,291,359$47,611,501$23,273,587$309,770,183
84$499,404,772$49,822,160$23,930,948$340,358,957
85$550,217,902$52,137,288$24,606,477$374,029,261
86$606,209,996$54,561,884$25,300,663$411,093,850
87$667,909,186$57,101,186$26,014,004$451,897,310
88$735,897,464$59,760,685$26,747,015$496,819,306
89$810,816,185$62,546,139$27,500,220$546,278,156
90$893,372,117$65,463,580$28,274,158$600,734,770
91$984,344,113$68,519,336$29,069,383$660,696,989
92$1,084,590,466$71,720,038$29,886,461$726,724,373
93$1,195,057,010$75,072,636$30,725,973$799,433,469
94$1,316,786,048$78,584,418$31,588,517$879,503,622
95$1,450,926,195$82,263,024$32,474,702$967,683,372
96$1,598,743,218$86,116,463$33,385,155$1,064,797,512
97$1,761,631,987$90,153,131$34,320,519$1,171,754,863
98$1,941,129,645$94,381,830$35,281,451$1,289,556,831
99$2,138,930,117$98,811,787$36,268,628$1,419,306,857
100$2,356,900,102$103,452,678$37,282,740$1,562,220,811