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%11.5%
1 years$553,280$548,351$543,543$538,850$534,267$530,900
2 years$273,901$268,800$263,856$259,063$254,413$251,017
3 years$180,787$175,664$170,732$165,984$161,410$158,090
4 years$134,239$129,131$124,249$119,582$115,119$111,900
5 years$106,317$101,241$96,423$91,850$87,512$84,403
6 years$87,709$82,671$77,924$73,454$69,245$66,252
7 years$74,423$69,427$64,755$60,390$56,315$53,438
8 years$64,463$59,511$54,917$50,660$46,718$43,958
9 years$56,720$51,815$47,300$43,151$39,344$36,699
10 years$50,529$45,673$41,238$37,197$33,523$30,992
11 years$45,467$40,660$36,305$32,372$28,831$26,413
12 years$41,252$36,494$32,220$28,395$24,984$22,677
13 years$37,689$32,980$28,786$25,068$21,787$19,588
14 years$34,636$29,978$25,864$22,253$19,098$17,005
15 years$31,994$27,385$23,352$19,846$16,815$14,825
16 years$29,684$25,125$21,172$17,770$14,862$12,971
17 years$27,647$23,140$19,266$15,966$13,177$11,384
18 years$25,839$21,382$17,587$14,388$11,717$10,017
19 years$24,224$19,817$16,100$13,001$10,443$8,834
20 years$22,771$18,415$14,776$11,775$9,328$7,807
21 years$21,459$17,152$13,591$10,687$8,348$6,910
22 years$20,267$16,011$12,526$9,717$7,482$6,126
23 years$19,181$14,975$11,566$8,849$6,717$5,438
24 years$18,187$14,031$10,696$8,071$6,037$4,833
25 years$17,274$13,167$9,907$7,371$5,432$4,299
26 years$16,432$12,375$9,188$6,739$4,893$3,828
27 years$15,654$11,646$8,532$6,169$4,412$3,411
28 years$14,933$10,974$7,932$5,652$3,981$3,042
29 years$14,263$10,353$7,381$5,183$3,595$2,714
30 years$13,638$9,777$6,875$4,757$3,248$2,423
31 years$13,055$9,243$6,410$4,369$2,936$2,164
32 years$12,510$8,745$5,980$4,015$2,656$1,934
33 years$11,999$8,282$5,584$3,692$2,404$1,729
34 years$11,519$7,850$5,217$3,397$2,176$1,546
35 years$11,067$7,445$4,878$3,127$1,971$1,383
36 years$10,641$7,067$4,563$2,880$1,786$1,237
37 years$10,239$6,712$4,271$2,654$1,619$1,108
38 years$9,860$6,378$3,999$2,446$1,468$991
39 years$9,500$6,065$3,747$2,255$1,331$888
40 years$9,160$5,771$3,512$2,080$1,207$795
41 years$8,837$5,493$3,293$1,919$1,095$712
42 years$8,530$5,231$3,089$1,771$994$638
43 years$8,238$4,984$2,899$1,635$902$571
44 years$7,961$4,751$2,721$1,510$819$512
45 years$7,696$4,531$2,555$1,394$743$459
46 years$7,444$4,322$2,400$1,288$675$411
47 years$7,203$4,125$2,254$1,190$613$368
48 years$6,972$3,938$2,119$1,099$556$330
49 years$6,752$3,760$1,991$1,016$505$296
50 years$6,542$3,592$1,872$939$459$265

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 $5,257 every year, while hoping to spend $53,948 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: 76/18/6 Blend
39$6,700,000$6,700,000$6,700,000$6,700,000
40$7,388,823$7,033,723$6,929,873$7,945,637
41$8,085,082$7,320,975$7,104,623$8,599,394
42$8,850,552$7,620,494$7,283,420$9,308,292
43$9,692,235$7,932,825$7,466,341$10,083,700
44$10,617,846$8,258,536$7,653,466$10,932,192
45$11,635,885$8,598,223$7,844,875$11,861,004
46$12,755,716$8,952,507$8,040,650$12,878,103
47$13,987,659$9,322,040$8,240,872$13,992,257
48$15,343,083$9,707,502$8,445,623$15,213,123
49$16,834,513$10,109,605$8,654,987$16,551,332
50$18,475,751$10,529,094$8,869,048$18,018,589
51$20,282,006$10,966,748$9,087,889$19,627,782
52$22,270,033$11,423,381$9,311,596$21,393,106
53$24,458,296$11,899,846$9,540,253$23,330,190
54$26,867,138$12,397,034$9,773,948$25,456,245
55$29,518,976$12,915,879$10,012,765$27,790,229
56$32,438,510$13,457,356$10,256,791$30,353,018
57$35,652,958$14,022,486$10,506,113$33,167,605
58$39,192,309$14,612,337$10,760,818$36,259,315
59$43,089,611$15,228,028$11,020,991$39,656,042
60$47,381,278$15,870,728$11,286,721$43,388,510
61$52,107,435$16,541,661$11,558,093$47,490,563
62$57,312,299$17,242,107$11,835,195$51,999,478
63$63,044,590$17,973,407$12,118,111$56,956,321
64$69,357,998$18,736,964$12,406,927$62,406,327
65$76,311,683$19,534,245$12,701,729$68,399,327
66$83,970,839$20,366,787$13,002,600$74,990,217
67$92,407,302$21,236,197$13,309,625$82,239,471
68$101,700,235$22,144,159$13,622,886$90,213,712
69$111,936,869$23,092,433$13,942,463$98,986,338
70$123,213,332$24,082,864$14,268,437$108,638,208
71$135,635,549$25,117,381$14,600,887$119,258,409
72$149,320,247$26,198,006$14,939,889$130,945,087
73$164,396,056$27,326,852$15,285,519$143,806,378
74$181,004,720$28,506,133$15,637,850$157,961,416
75$199,302,435$29,738,167$15,996,952$173,541,464
76$219,461,327$31,025,381$16,362,893$190,691,142
77$241,671,073$32,370,315$16,735,740$209,569,792
78$266,140,690$33,775,629$17,115,556$230,352,977
79$293,100,512$35,244,106$17,502,398$253,234,137
80$322,804,361$36,778,663$17,896,325$278,426,405
81$355,531,941$38,382,353$18,297,387$306,164,622
82$391,591,482$40,058,372$18,705,633$336,707,543
83$431,322,649$41,810,068$19,121,107$370,340,278
84$475,099,742$43,640,945$19,543,848$407,376,978
85$523,335,238$45,554,673$19,973,889$448,163,793
86$576,483,678$47,555,097$20,411,259$493,082,141
87$635,045,957$49,646,242$20,855,981$542,552,293
88$699,574,059$51,832,322$21,308,071$597,037,345
89$770,676,260$54,117,752$21,767,538$657,047,573
90$849,022,874$56,507,157$22,234,385$723,145,253
91$935,352,577$59,005,378$22,708,608$795,949,957
92$1,030,479,386$61,617,487$23,190,192$876,144,396
93$1,135,300,335$64,348,796$23,679,115$964,480,858
94$1,250,803,951$67,204,869$24,175,347$1,061,788,303
95$1,378,079,580$70,191,533$24,678,847$1,168,980,178
96$1,518,327,672$73,314,893$25,189,563$1,287,063,035
97$1,672,871,114$76,581,343$25,707,434$1,417,146,023
98$1,843,167,720$79,997,581$26,232,384$1,560,451,350
99$2,030,823,987$83,570,622$26,764,329$1,718,325,810
100$2,237,610,268$87,307,817$27,303,169$1,892,253,492