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%16.9%
1 years$561,538$556,536$551,656$546,893$542,242$526,997
2 years$277,989$272,812$267,794$262,929$258,210$242,968
3 years$183,485$178,285$173,280$168,461$163,819$149,056
4 years$136,242$131,059$126,104$121,367$116,837$102,667
5 years$107,904$102,752$97,862$93,221$88,818$75,279
6 years$89,018$83,904$79,087$74,550$70,279$57,384
7 years$75,534$70,463$65,722$61,292$57,155$44,905
8 years$65,425$60,400$55,737$51,416$47,416$35,804
9 years$57,566$52,589$48,006$43,795$39,931$28,945
10 years$51,283$46,354$41,853$37,752$34,023$23,650
11 years$46,146$41,267$36,847$32,855$29,261$19,483
12 years$41,868$37,039$32,701$28,819$25,357$16,155
13 years$38,251$33,472$29,216$25,442$22,112$13,467
14 years$35,153$30,425$26,250$22,585$19,383$11,273
15 years$32,471$27,794$23,701$20,142$17,066$9,470
16 years$30,127$25,500$21,488$18,035$15,083$7,979
17 years$28,060$23,485$19,553$16,204$13,374$6,738
18 years$26,225$21,701$17,850$14,603$11,891$5,701
19 years$24,585$20,112$16,341$13,195$10,599$4,832
20 years$23,111$18,689$14,997$11,951$9,467$4,102
21 years$21,779$17,408$13,794$10,846$8,472$3,485
22 years$20,570$16,250$12,713$9,862$7,594$2,965
23 years$19,467$15,198$11,738$8,981$6,817$2,524
24 years$18,458$14,240$10,856$8,191$6,127$2,150
25 years$17,531$13,364$10,055$7,481$5,514$1,833
26 years$16,677$12,560$9,325$6,840$4,966$1,563
27 years$15,888$11,820$8,659$6,261$4,478$1,334
28 years$15,156$11,138$8,050$5,736$4,040$1,139
29 years$14,476$10,507$7,491$5,260$3,648$972
30 years$13,842$9,923$6,978$4,828$3,296$830
31 years$13,250$9,381$6,505$4,434$2,980$709
32 years$12,697$8,876$6,070$4,075$2,696$606
33 years$12,178$8,406$5,667$3,747$2,440$518
34 years$11,690$7,967$5,295$3,448$2,209$443
35 years$11,232$7,556$4,950$3,174$2,001$378
36 years$10,800$7,172$4,631$2,923$1,813$324
37 years$10,392$6,812$4,335$2,693$1,643$277
38 years$10,007$6,474$4,059$2,482$1,489$237
39 years$9,642$6,156$3,803$2,289$1,351$202
40 years$9,297$5,857$3,565$2,111$1,225$173
41 years$8,969$5,575$3,342$1,948$1,111$148
42 years$8,657$5,309$3,135$1,798$1,009$127
43 years$8,361$5,059$2,942$1,659$915$108
44 years$8,079$4,822$2,762$1,532$831$93
45 years$7,811$4,598$2,593$1,415$754$79
46 years$7,555$4,387$2,435$1,307$685$68
47 years$7,310$4,186$2,288$1,208$622$58
48 years$7,076$3,996$2,150$1,116$565$50
49 years$6,853$3,816$2,021$1,031$513$42
50 years$6,639$3,645$1,900$953$466$36

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 $2,372 every year, while hoping to spend $27,066 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: 69/15/16 Blend
39$6,800,000$6,800,000$6,800,000$6,800,000
40$7,496,047$7,135,647$7,030,247$7,984,956
41$8,231,845$7,456,495$7,236,962$8,631,707
42$9,041,789$7,792,159$7,449,695$9,335,641
43$9,933,410$8,143,333$7,668,619$10,105,149
44$10,915,012$8,510,751$7,893,912$10,946,687
45$11,995,741$8,895,176$8,125,756$11,867,362
46$13,185,679$9,297,411$8,364,340$12,874,995
47$14,495,930$9,718,296$8,609,858$13,978,197
48$15,938,734$10,158,712$8,862,507$15,186,445
49$17,527,577$10,619,581$9,122,494$16,510,173
50$19,277,320$11,101,871$9,390,027$17,960,866
51$21,204,337$11,606,593$9,665,324$19,551,172
52$23,326,673$12,134,809$9,948,605$21,295,015
53$25,664,211$12,687,633$10,240,101$23,207,727
54$28,238,862$13,266,228$10,540,046$25,306,190
55$31,074,770$13,871,817$10,848,682$27,608,996
56$34,198,540$14,505,680$11,166,256$30,136,617
57$37,639,490$15,169,157$11,493,025$32,911,599
58$41,429,927$15,863,655$11,829,250$35,958,773
59$45,605,452$16,590,646$12,175,202$39,305,485
60$50,205,295$17,351,674$12,531,158$42,981,854
61$55,272,687$18,148,358$12,897,403$47,021,054
62$60,855,265$18,982,392$13,274,231$51,459,622
63$67,005,527$19,855,554$13,661,942$56,337,807
64$73,781,321$20,769,706$14,060,848$61,699,939
65$81,246,395$21,726,801$14,471,265$67,594,851
66$89,470,996$22,728,883$14,893,522$74,076,334
67$98,532,538$23,778,098$15,327,954$81,203,645
68$108,516,324$24,876,693$15,774,908$89,042,057
69$119,516,361$26,027,023$16,234,740$97,663,482
70$131,636,241$27,231,557$16,707,814$107,147,136
71$144,990,117$28,492,884$17,194,506$117,580,292
72$159,703,790$29,813,716$17,695,202$129,059,093
73$175,915,884$31,196,895$18,210,299$141,689,462
74$193,779,164$32,645,404$18,740,205$155,588,094
75$213,461,975$34,162,364$19,285,338$170,883,557
76$235,149,829$35,751,052$19,846,128$187,717,496
77$259,047,157$37,414,900$20,423,020$206,245,971
78$285,379,243$39,157,506$21,016,467$226,640,924
79$314,394,344$40,982,641$21,626,936$249,091,796
80$346,366,037$42,894,261$22,254,908$273,807,311
81$381,595,802$44,896,509$22,900,877$301,017,444
82$420,415,866$46,993,730$23,565,349$330,975,580
83$463,192,342$49,190,480$24,248,846$363,960,907
84$510,328,681$51,491,534$24,951,902$400,281,042
85$562,269,485$53,901,897$25,675,069$440,274,930
86$619,504,699$56,426,818$26,418,911$484,316,035
87$682,574,243$59,071,796$27,184,009$532,815,864
88$752,073,103$61,842,601$27,970,960$586,227,837
89$828,656,949$64,745,278$28,780,377$645,051,567
90$913,048,328$67,786,167$29,612,890$709,837,566
91$1,006,043,481$70,971,913$30,469,145$781,192,432
92$1,108,519,863$74,309,483$31,349,808$859,784,572
93$1,221,444,424$77,806,183$32,255,562$946,350,497
94$1,345,882,739$81,469,670$33,187,108$1,041,701,772
95$1,483,009,069$85,307,974$34,145,166$1,146,732,662
96$1,634,117,443$89,329,514$35,130,478$1,262,428,570
97$1,800,633,876$93,543,114$36,143,803$1,389,875,324
98$1,984,129,834$97,958,029$37,185,923$1,530,269,420
99$2,186,337,065$102,583,961$38,257,640$1,684,929,306
100$2,409,163,953$107,431,082$39,359,778$1,855,307,814