Can I retire at age 40 with 6,800,000?

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 $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$561,538$556,536$551,656$546,893$542,242$520,933
2 years$277,989$272,812$267,794$262,929$258,210$237,003
3 years$183,485$178,285$173,280$168,461$163,819$143,381
4 years$136,242$131,059$126,104$121,367$116,837$97,324
5 years$107,904$102,752$97,862$93,221$88,818$70,279
6 years$89,018$83,904$79,087$74,550$70,279$52,726
7 years$75,534$70,463$65,722$61,292$57,155$40,583
8 years$65,425$60,400$55,737$51,416$47,416$31,807
9 years$57,566$52,589$48,006$43,795$39,931$25,263
10 years$51,283$46,354$41,853$37,752$34,023$20,267
11 years$46,146$41,267$36,847$32,855$29,261$16,385
12 years$41,868$37,039$32,701$28,819$25,357$13,327
13 years$38,251$33,472$29,216$25,442$22,112$10,892
14 years$35,153$30,425$26,250$22,585$19,383$8,936
15 years$32,471$27,794$23,701$20,142$17,066$7,354
16 years$30,127$25,500$21,488$18,035$15,083$6,067
17 years$28,060$23,485$19,553$16,204$13,374$5,015
18 years$26,225$21,701$17,850$14,603$11,891$4,153
19 years$24,585$20,112$16,341$13,195$10,599$3,444
20 years$23,111$18,689$14,997$11,951$9,467$2,859
21 years$21,779$17,408$13,794$10,846$8,472$2,375
22 years$20,570$16,250$12,713$9,862$7,594$1,975
23 years$19,467$15,198$11,738$8,981$6,817$1,644
24 years$18,458$14,240$10,856$8,191$6,127$1,368
25 years$17,531$13,364$10,055$7,481$5,514$1,140
26 years$16,677$12,560$9,325$6,840$4,966$950
27 years$15,888$11,820$8,659$6,261$4,478$791
28 years$15,156$11,138$8,050$5,736$4,040$660
29 years$14,476$10,507$7,491$5,260$3,648$550
30 years$13,842$9,923$6,978$4,828$3,296$459
31 years$13,250$9,381$6,505$4,434$2,980$383
32 years$12,697$8,876$6,070$4,075$2,696$319
33 years$12,178$8,406$5,667$3,747$2,440$266
34 years$11,690$7,967$5,295$3,448$2,209$222
35 years$11,232$7,556$4,950$3,174$2,001$185
36 years$10,800$7,172$4,631$2,923$1,813$155
37 years$10,392$6,812$4,335$2,693$1,643$129
38 years$10,007$6,474$4,059$2,482$1,489$108
39 years$9,642$6,156$3,803$2,289$1,351$90
40 years$9,297$5,857$3,565$2,111$1,225$75
41 years$8,969$5,575$3,342$1,948$1,111$63
42 years$8,657$5,309$3,135$1,798$1,009$52
43 years$8,361$5,059$2,942$1,659$915$44
44 years$8,079$4,822$2,762$1,532$831$36
45 years$7,811$4,598$2,593$1,415$754$30
46 years$7,555$4,387$2,435$1,307$685$25
47 years$7,310$4,186$2,288$1,208$622$21
48 years$7,076$3,996$2,150$1,116$565$18
49 years$6,853$3,816$2,021$1,031$513$15
50 years$6,639$3,645$1,900$953$466$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $6,800,000, adding $5,336 every year, while hoping to spend $20,753 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: 50/26/24 Blend
39$6,800,000$6,800,000$6,800,000$6,800,000
40$7,499,104$7,138,704$7,033,304$7,823,162
41$8,241,932$7,466,420$7,246,839$8,376,786
42$9,059,832$7,809,498$7,466,831$8,975,638
43$9,960,441$8,168,669$7,693,476$9,626,102
44$10,952,172$8,544,700$7,926,973$10,333,074
45$12,044,296$8,938,392$8,167,530$11,101,932
46$13,247,029$9,350,589$8,415,357$11,938,589
47$14,571,629$9,782,170$8,670,674$12,849,540
48$16,030,500$10,234,062$8,933,707$13,841,930
49$17,637,312$10,707,232$9,204,687$14,923,611
50$19,407,127$11,202,695$9,483,853$16,103,221
51$21,356,544$11,721,517$9,771,452$17,390,255
52$23,503,853$12,264,813$10,067,737$18,795,159
53$25,869,209$12,833,752$10,372,970$20,329,423
54$28,474,823$13,429,560$10,687,418$22,005,685
55$31,345,168$14,053,522$11,011,360$23,837,849
56$34,507,214$14,706,983$11,345,080$25,841,215
57$37,990,682$15,391,357$11,688,871$28,032,615
58$41,828,320$16,108,123$12,043,038$30,430,574
59$46,056,220$16,858,832$12,407,891$33,055,478
60$50,714,150$17,645,110$12,783,750$35,929,762
61$55,845,934$18,468,662$13,170,947$39,078,121
62$61,499,868$19,331,274$13,569,822$42,527,737
63$67,729,168$20,234,821$13,980,725$46,308,531
64$74,592,481$21,181,265$14,404,017$50,453,442
65$82,154,433$22,172,665$14,840,070$54,998,732
66$90,486,239$23,211,180$15,289,267$59,984,326
67$99,666,379$24,299,072$15,752,001$65,454,180
68$109,781,336$25,438,712$16,228,679$71,456,694
69$120,926,411$26,632,588$16,719,719$78,045,161
70$133,206,627$27,883,307$17,225,551$85,278,266
71$146,737,715$29,193,601$17,746,619$93,220,634
72$161,647,210$30,566,335$18,283,379$101,943,430
73$178,075,654$32,004,515$18,836,301$111,525,029
74$196,177,924$33,511,288$19,405,870$122,051,747
75$216,124,689$35,089,958$19,992,583$133,618,649
76$238,104,027$36,743,987$20,596,955$146,330,436
77$262,323,199$38,477,003$21,219,514$160,302,430
78$289,010,602$40,292,813$21,860,805$175,661,651
79$318,417,929$42,195,406$22,521,387$192,548,009
80$350,822,542$44,188,966$23,201,838$211,115,616
81$386,530,095$46,277,879$23,902,754$231,534,230
82$425,877,414$48,466,744$24,624,744$253,990,849
83$469,235,678$50,760,382$25,368,441$278,691,464
84$517,013,926$53,163,850$26,134,493$305,862,996
85$569,662,917$55,682,448$26,923,569$335,755,424
86$627,679,381$58,321,736$27,736,356$368,644,134
87$691,610,717$61,087,540$28,573,562$404,832,508
88$762,060,152$63,985,971$29,435,919$444,654,772
89$839,692,442$67,023,438$30,324,176$488,479,140
90$925,240,143$70,206,658$31,239,108$536,711,276
91$1,019,510,530$73,542,677$32,181,511$589,798,107
92$1,123,393,218$77,038,882$33,152,205$648,232,029
93$1,237,868,557$80,703,018$34,152,035$712,555,538
94$1,364,016,891$84,543,207$35,181,869$783,366,334
95$1,503,028,756$88,567,967$36,242,604$861,322,947
96$1,656,216,119$92,786,227$37,335,161$947,150,937
97$1,825,024,764$97,207,352$38,460,489$1,041,649,719
98$2,011,047,940$101,841,163$39,619,566$1,145,700,095
99$2,216,041,405$106,697,955$40,813,397$1,260,272,547
100$2,441,940,002$111,788,528$42,043,019$1,386,436,373