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%12.9%
1 years$561,538$556,536$551,656$546,893$542,242$535,688
2 years$277,989$272,812$267,794$262,929$258,210$251,615
3 years$183,485$178,285$173,280$168,461$163,819$157,387
4 years$136,242$131,059$126,104$121,367$116,837$110,617
5 years$107,904$102,752$97,862$93,221$88,818$82,829
6 years$89,018$83,904$79,087$74,550$70,279$64,527
7 years$75,534$70,463$65,722$61,292$57,155$51,644
8 years$65,425$60,400$55,737$51,416$47,416$42,145
9 years$57,566$52,589$48,006$43,795$39,931$34,897
10 years$51,283$46,354$41,853$37,752$34,023$29,224
11 years$46,146$41,267$36,847$32,855$29,261$24,691
12 years$41,868$37,039$32,701$28,819$25,357$21,012
13 years$38,251$33,472$29,216$25,442$22,112$17,987
14 years$35,153$30,425$26,250$22,585$19,383$15,471
15 years$32,471$27,794$23,701$20,142$17,066$13,362
16 years$30,127$25,500$21,488$18,035$15,083$11,579
17 years$28,060$23,485$19,553$16,204$13,374$10,063
18 years$26,225$21,701$17,850$14,603$11,891$8,768
19 years$24,585$20,112$16,341$13,195$10,599$7,655
20 years$23,111$18,689$14,997$11,951$9,467$6,696
21 years$21,779$17,408$13,794$10,846$8,472$5,866
22 years$20,570$16,250$12,713$9,862$7,594$5,145
23 years$19,467$15,198$11,738$8,981$6,817$4,519
24 years$18,458$14,240$10,856$8,191$6,127$3,973
25 years$17,531$13,364$10,055$7,481$5,514$3,496
26 years$16,677$12,560$9,325$6,840$4,966$3,079
27 years$15,888$11,820$8,659$6,261$4,478$2,713
28 years$15,156$11,138$8,050$5,736$4,040$2,393
29 years$14,476$10,507$7,491$5,260$3,648$2,111
30 years$13,842$9,923$6,978$4,828$3,296$1,863
31 years$13,250$9,381$6,505$4,434$2,980$1,645
32 years$12,697$8,876$6,070$4,075$2,696$1,453
33 years$12,178$8,406$5,667$3,747$2,440$1,284
34 years$11,690$7,967$5,295$3,448$2,209$1,135
35 years$11,232$7,556$4,950$3,174$2,001$1,003
36 years$10,800$7,172$4,631$2,923$1,813$887
37 years$10,392$6,812$4,335$2,693$1,643$785
38 years$10,007$6,474$4,059$2,482$1,489$694
39 years$9,642$6,156$3,803$2,289$1,351$614
40 years$9,297$5,857$3,565$2,111$1,225$543
41 years$8,969$5,575$3,342$1,948$1,111$481
42 years$8,657$5,309$3,135$1,798$1,009$426
43 years$8,361$5,059$2,942$1,659$915$377
44 years$8,079$4,822$2,762$1,532$831$333
45 years$7,811$4,598$2,593$1,415$754$295
46 years$7,555$4,387$2,435$1,307$685$261
47 years$7,310$4,186$2,288$1,208$622$231
48 years$7,076$3,996$2,150$1,116$565$205
49 years$6,853$3,816$2,021$1,031$513$181
50 years$6,639$3,645$1,900$953$466$161

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 $3,293 every year, while hoping to spend $29,694 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: 80/5/15 Blend
39$6,800,000$6,800,000$6,800,000$6,800,000
40$7,496,997$7,136,597$7,031,197$8,073,376
41$8,230,096$7,454,696$7,235,148$8,771,095
42$9,036,977$7,787,386$7,444,936$9,532,501
43$9,925,132$8,135,352$7,660,725$10,367,294
44$10,902,821$8,499,310$7,882,684$11,282,818
45$11,979,141$8,880,009$8,110,987$12,287,159
46$13,164,120$9,278,236$8,345,812$13,389,228
47$14,468,804$9,694,813$8,587,340$14,598,833
48$15,905,368$10,130,604$8,835,761$15,926,783
49$17,487,224$10,586,513$9,091,268$17,384,980
50$19,229,154$11,063,485$9,354,059$18,986,535
51$21,147,446$11,562,513$9,624,338$20,745,892
52$23,260,046$12,084,637$9,902,313$22,678,960
53$25,586,731$12,630,945$10,188,202$24,803,264
54$28,149,294$13,202,578$10,482,223$27,138,111
55$30,971,750$13,800,732$10,784,605$29,704,771
56$34,080,559$14,426,659$11,095,580$32,526,673
57$37,504,882$15,081,671$11,415,389$35,629,631
58$41,276,852$15,767,145$11,744,276$39,042,084
59$45,431,876$16,484,520$12,082,494$42,795,362
60$50,008,974$17,235,308$12,430,304$46,923,984
61$55,051,141$18,021,090$12,787,972$51,465,981
62$60,605,759$18,843,525$13,155,770$56,463,251
63$66,725,040$19,704,351$13,533,981$61,961,961
64$73,466,517$20,605,388$13,922,893$68,012,974
65$80,893,595$21,548,545$14,322,803$74,672,331
66$89,076,140$22,535,821$14,734,015$82,001,780
67$98,091,143$23,569,313$15,156,841$90,069,354
68$108,023,447$24,651,217$15,591,603$98,950,017
69$118,966,547$25,783,835$16,038,630$108,726,365
70$131,023,472$26,969,580$16,498,261$119,489,408
71$144,307,756$28,210,980$16,970,844$131,339,425
72$158,944,515$29,510,685$17,456,734$144,386,910
73$175,071,619$30,871,473$17,956,299$158,753,616
74$192,841,004$32,296,254$18,469,914$174,573,697
75$212,420,096$33,788,080$18,997,966$191,994,979
76$233,993,398$35,350,149$19,540,850$211,180,348
77$257,764,231$36,985,813$20,098,975$232,309,291
78$283,956,649$38,698,584$20,672,757$255,579,583
79$312,817,559$40,492,146$21,262,626$281,209,157
80$344,619,047$42,370,359$21,869,021$309,438,155
81$379,660,951$44,337,267$22,492,395$340,531,198
82$418,273,688$46,397,114$23,133,210$374,779,875
83$460,821,375$48,554,343$23,791,944$412,505,499
84$507,705,265$50,813,616$24,469,083$454,062,135
85$559,367,536$53,179,816$25,165,131$499,839,941
86$616,295,462$55,658,065$25,880,600$550,268,847
87$679,026,018$58,253,729$26,616,020$605,822,615
88$748,150,947$60,972,437$27,371,931$667,023,302
89$824,322,343$63,820,085$28,148,890$734,446,193
90$908,258,811$66,802,859$28,947,467$808,725,222
91$1,000,752,250$69,927,239$29,768,247$890,558,958
92$1,102,675,327$73,200,022$30,611,832$980,717,195
93$1,214,989,719$76,628,331$31,478,836$1,080,048,216
94$1,338,755,186$80,219,635$32,369,893$1,189,486,796
95$1,475,139,580$83,981,763$33,285,650$1,310,063,026
96$1,625,429,871$87,922,923$34,226,773$1,442,912,032
97$1,791,044,293$92,051,720$35,193,944$1,589,284,685
98$1,973,545,733$96,377,177$36,187,864$1,750,559,411
99$2,174,656,490$100,908,752$37,209,250$1,928,255,195
100$2,396,274,532$105,656,360$38,258,839$2,124,045,920