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%17.5%
1 years$561,538$556,536$551,656$546,893$542,242$525,726
2 years$277,989$272,812$267,794$262,929$258,210$241,713
3 years$183,485$178,285$173,280$168,461$163,819$147,858
4 years$136,242$131,059$126,104$121,367$116,837$101,534
5 years$107,904$102,752$97,862$93,221$88,818$74,213
6 years$89,018$83,904$79,087$74,550$70,279$56,386
7 years$75,534$70,463$65,722$61,292$57,155$43,974
8 years$65,425$60,400$55,737$51,416$47,416$34,938
9 years$57,566$52,589$48,006$43,795$39,931$28,143
10 years$51,283$46,354$41,853$37,752$34,023$22,907
11 years$46,146$41,267$36,847$32,855$29,261$18,799
12 years$41,868$37,039$32,701$28,819$25,357$15,526
13 years$38,251$33,472$29,216$25,442$22,112$12,890
14 years$35,153$30,425$26,250$22,585$19,383$10,746
15 years$32,471$27,794$23,701$20,142$17,066$8,989
16 years$30,127$25,500$21,488$18,035$15,083$7,541
17 years$28,060$23,485$19,553$16,204$13,374$6,340
18 years$26,225$21,701$17,850$14,603$11,891$5,341
19 years$24,585$20,112$16,341$13,195$10,599$4,507
20 years$23,111$18,689$14,997$11,951$9,467$3,808
21 years$21,779$17,408$13,794$10,846$8,472$3,221
22 years$20,570$16,250$12,713$9,862$7,594$2,727
23 years$19,467$15,198$11,738$8,981$6,817$2,310
24 years$18,458$14,240$10,856$8,191$6,127$1,959
25 years$17,531$13,364$10,055$7,481$5,514$1,662
26 years$16,677$12,560$9,325$6,840$4,966$1,411
27 years$15,888$11,820$8,659$6,261$4,478$1,198
28 years$15,156$11,138$8,050$5,736$4,040$1,017
29 years$14,476$10,507$7,491$5,260$3,648$864
30 years$13,842$9,923$6,978$4,828$3,296$735
31 years$13,250$9,381$6,505$4,434$2,980$625
32 years$12,697$8,876$6,070$4,075$2,696$531
33 years$12,178$8,406$5,667$3,747$2,440$452
34 years$11,690$7,967$5,295$3,448$2,209$384
35 years$11,232$7,556$4,950$3,174$2,001$327
36 years$10,800$7,172$4,631$2,923$1,813$278
37 years$10,392$6,812$4,335$2,693$1,643$236
38 years$10,007$6,474$4,059$2,482$1,489$201
39 years$9,642$6,156$3,803$2,289$1,351$171
40 years$9,297$5,857$3,565$2,111$1,225$146
41 years$8,969$5,575$3,342$1,948$1,111$124
42 years$8,657$5,309$3,135$1,798$1,009$105
43 years$8,361$5,059$2,942$1,659$915$90
44 years$8,079$4,822$2,762$1,532$831$76
45 years$7,811$4,598$2,593$1,415$754$65
46 years$7,555$4,387$2,435$1,307$685$55
47 years$7,310$4,186$2,288$1,208$622$47
48 years$7,076$3,996$2,150$1,116$565$40
49 years$6,853$3,816$2,021$1,031$513$34
50 years$6,639$3,645$1,900$953$466$29

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 $6,529 every year, while hoping to spend $27,544 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: 67/25/8 Blend
39$6,800,000$6,800,000$6,800,000$6,800,000
40$7,500,335$7,139,935$7,034,535$7,991,299
41$8,236,062$7,460,485$7,240,885$8,638,643
42$9,045,911$7,795,819$7,453,225$9,342,161
43$9,937,412$8,146,632$7,671,726$10,110,538
44$10,918,863$8,513,653$7,896,564$10,950,105
45$11,999,410$8,897,644$8,127,922$11,867,831
46$13,189,127$9,299,406$8,365,985$12,871,379
47$14,499,118$9,719,777$8,610,945$13,969,183
48$15,941,616$10,159,633$8,862,999$15,170,521
49$17,530,101$10,619,896$9,122,350$16,485,606
50$19,279,429$11,101,528$9,389,206$17,925,675
51$21,205,967$11,605,540$9,663,782$19,503,096
52$23,327,754$12,132,990$9,946,297$21,231,483
53$25,664,665$12,684,986$10,236,977$23,125,820
54$28,238,601$13,262,691$10,536,056$25,202,603
55$31,073,697$13,867,321$10,843,773$27,479,989
56$34,196,548$14,500,154$11,160,373$29,977,970
57$37,636,459$15,162,525$11,486,109$32,718,555
58$41,425,725$15,855,836$11,821,241$35,725,978
59$45,599,933$16,581,555$12,166,036$39,026,920
60$50,198,296$17,341,221$12,520,768$42,650,761
61$55,264,028$18,136,447$12,885,720$46,629,854
62$60,844,748$18,968,922$13,261,180$50,999,826
63$66,992,931$19,840,418$13,647,449$55,799,909
64$73,766,402$20,752,791$14,044,830$61,073,311
65$81,228,883$21,707,986$14,453,640$66,867,617
66$89,450,594$22,708,042$14,874,202$73,235,233
67$98,508,915$23,755,096$15,306,849$80,233,882
68$108,489,117$24,851,389$15,751,921$87,927,138
69$119,485,167$25,999,267$16,209,770$96,385,025
70$131,600,614$27,201,191$16,680,758$105,684,674
71$144,949,568$28,459,740$17,165,254$115,911,042
72$159,657,774$29,777,618$17,663,640$127,157,713
73$175,863,802$31,157,657$18,176,307$139,527,776
74$193,720,355$32,602,827$18,703,659$153,134,788
75$213,395,708$34,116,242$19,246,107$168,103,844
76$235,075,296$35,701,164$19,804,078$184,572,751
77$258,963,469$37,361,013$20,378,008$202,693,320
78$285,285,416$39,099,376$20,968,344$222,632,796
79$314,289,294$40,920,011$21,575,549$244,575,427
80$346,248,567$42,826,857$22,200,095$268,724,194
81$381,464,591$44,824,043$22,842,469$295,302,725
82$420,269,459$46,915,900$23,503,171$324,557,393
83$463,029,130$49,106,966$24,182,713$356,759,634
84$510,146,891$51,401,998$24,881,624$392,208,503
85$562,067,162$53,805,983$25,600,446$431,233,484
86$619,279,686$56,324,150$26,339,735$474,197,594
87$682,324,160$58,961,980$27,100,063$521,500,796
88$751,795,327$61,725,218$27,882,016$573,583,769
89$828,348,586$64,619,890$28,686,200$630,932,050
90$912,706,187$67,652,310$29,513,233$694,080,613
91$1,005,664,044$70,829,099$30,363,752$763,618,902
92$1,108,099,250$74,157,198$31,238,411$840,196,385
93$1,220,978,357$77,643,885$32,137,882$924,528,671
94$1,345,366,502$81,296,788$33,062,853$1,017,404,250
95$1,482,437,461$85,123,906$34,014,035$1,119,691,925
96$1,633,484,730$89,133,626$34,992,153$1,232,348,996
97$1,799,933,739$93,334,739$35,997,956$1,356,430,282
98$1,983,355,303$97,736,465$37,032,211$1,493,098,061
99$2,185,480,459$102,348,467$38,095,705$1,643,633,027
100$2,408,216,803$107,180,879$39,189,249$1,809,446,357