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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.9%
1 years$561,538$556,536$551,656$546,893$542,242$531,293
2 years$277,989$272,812$267,794$262,929$258,210$247,228
3 years$183,485$178,285$173,280$168,461$163,819$153,146
4 years$136,242$131,059$126,104$121,367$116,837$106,555
5 years$107,904$102,752$97,862$93,221$88,818$78,955
6 years$89,018$83,904$79,087$74,550$70,279$60,847
7 years$75,534$70,463$65,722$61,292$57,155$48,156
8 years$65,425$60,400$55,737$51,416$47,416$38,847
9 years$57,566$52,589$48,006$43,795$39,931$31,787
10 years$51,283$46,354$41,853$37,752$34,023$26,295
11 years$46,146$41,267$36,847$32,855$29,261$21,940
12 years$41,868$37,039$32,701$28,819$25,357$18,433
13 years$38,251$33,472$29,216$25,442$22,112$15,572
14 years$35,153$30,425$26,250$22,585$19,383$13,216
15 years$32,471$27,794$23,701$20,142$17,066$11,258
16 years$30,127$25,500$21,488$18,035$15,083$9,621
17 years$28,060$23,485$19,553$16,204$13,374$8,243
18 years$26,225$21,701$17,850$14,603$11,891$7,079
19 years$24,585$20,112$16,341$13,195$10,599$6,090
20 years$23,111$18,689$14,997$11,951$9,467$5,248
21 years$21,779$17,408$13,794$10,846$8,472$4,529
22 years$20,570$16,250$12,713$9,862$7,594$3,912
23 years$19,467$15,198$11,738$8,981$6,817$3,383
24 years$18,458$14,240$10,856$8,191$6,127$2,928
25 years$17,531$13,364$10,055$7,481$5,514$2,536
26 years$16,677$12,560$9,325$6,840$4,966$2,198
27 years$15,888$11,820$8,659$6,261$4,478$1,906
28 years$15,156$11,138$8,050$5,736$4,040$1,654
29 years$14,476$10,507$7,491$5,260$3,648$1,436
30 years$13,842$9,923$6,978$4,828$3,296$1,247
31 years$13,250$9,381$6,505$4,434$2,980$1,083
32 years$12,697$8,876$6,070$4,075$2,696$941
33 years$12,178$8,406$5,667$3,747$2,440$817
34 years$11,690$7,967$5,295$3,448$2,209$710
35 years$11,232$7,556$4,950$3,174$2,001$618
36 years$10,800$7,172$4,631$2,923$1,813$537
37 years$10,392$6,812$4,335$2,693$1,643$467
38 years$10,007$6,474$4,059$2,482$1,489$406
39 years$9,642$6,156$3,803$2,289$1,351$353
40 years$9,297$5,857$3,565$2,111$1,225$307
41 years$8,969$5,575$3,342$1,948$1,111$267
42 years$8,657$5,309$3,135$1,798$1,009$232
43 years$8,361$5,059$2,942$1,659$915$202
44 years$8,079$4,822$2,762$1,532$831$176
45 years$7,811$4,598$2,593$1,415$754$153
46 years$7,555$4,387$2,435$1,307$685$133
47 years$7,310$4,186$2,288$1,208$622$116
48 years$7,076$3,996$2,150$1,116$565$101
49 years$6,853$3,816$2,021$1,031$513$88
50 years$6,639$3,645$1,900$953$466$76

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 $3,806 every year, while hoping to spend $34,609 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: 35/45/20 Blend
39$6,800,000$6,800,000$6,800,000$6,800,000
40$7,497,526$7,137,126$7,031,726$7,714,081
41$8,225,450$7,450,021$7,230,465$8,186,249
42$9,026,462$7,777,089$7,434,702$8,691,882
43$9,907,981$8,118,986$7,644,584$9,236,736
44$10,878,181$8,476,402$7,860,264$9,824,321
45$11,946,068$8,850,058$8,081,895$10,458,483
46$13,121,566$9,240,711$8,309,638$11,143,439
47$14,415,611$9,649,150$8,543,656$11,883,815
48$15,840,251$10,076,207$8,784,116$12,684,684
49$17,408,763$10,522,747$9,031,191$13,551,612
50$19,135,777$10,989,682$9,285,055$14,490,707
51$21,037,413$11,477,963$9,545,891$15,508,675
52$23,131,434$11,988,588$9,813,884$16,612,875
53$25,437,414$12,522,602$10,089,222$17,811,390
54$27,976,920$13,081,100$10,372,101$19,113,096
55$30,773,720$13,665,228$10,662,721$20,527,743
56$33,854,004$14,276,188$10,961,286$22,066,041
57$37,246,629$14,915,238$11,268,006$23,739,758
58$40,983,396$15,583,696$11,583,096$25,561,827
59$45,099,349$16,282,944$11,906,776$27,546,461
60$49,633,102$17,014,427$12,239,272$29,709,283
61$54,627,206$17,779,662$12,580,815$32,067,471
62$60,128,553$18,580,237$12,931,644$34,639,906
63$66,188,811$19,417,815$13,292,000$37,447,356
64$72,864,922$20,294,139$13,662,134$40,512,655
65$80,219,628$21,211,037$14,042,300$43,860,920
66$88,322,073$22,170,420$14,432,760$47,519,775
67$97,248,448$23,174,295$14,833,781$51,519,610
68$107,082,716$24,224,761$15,245,639$55,893,859
69$117,917,399$25,324,021$15,668,614$60,679,303
70$129,854,456$26,474,380$16,102,994$65,916,417
71$143,006,241$27,678,255$16,549,075$71,649,739
72$157,496,567$28,938,179$17,007,159$77,928,280
73$173,461,873$30,256,805$17,477,554$84,805,982
74$191,052,510$31,636,915$17,960,579$92,342,215
75$210,434,165$33,081,422$18,456,557$100,602,325
76$231,789,418$34,593,381$18,965,820$109,658,246
77$255,319,473$36,175,991$19,488,709$119,589,162
78$281,246,051$37,832,606$20,025,573$130,482,246
79$309,813,486$39,566,741$20,576,767$142,433,472
80$341,291,030$41,382,080$21,142,657$155,548,503
81$375,975,395$43,282,481$21,723,616$169,943,682
82$414,193,554$45,271,992$22,320,026$185,747,112
83$456,305,829$47,354,852$22,932,280$203,099,850
84$502,709,289$49,535,505$23,560,776$222,157,226
85$553,841,500$51,818,609$24,205,926$243,090,295
86$610,184,657$54,209,044$24,868,147$266,087,429
87$672,270,131$56,711,927$25,547,870$291,356,084
88$740,683,494$59,332,620$26,245,533$319,124,734
89$816,070,036$62,076,745$26,961,585$349,645,017
90$899,140,866$64,950,192$27,696,484$383,194,081
91$990,679,619$67,959,135$28,450,700$420,077,188
92$1,091,549,855$71,110,048$29,224,714$460,630,568
93$1,202,703,215$74,409,715$30,019,016$505,224,572
94$1,325,188,398$77,865,246$30,834,109$554,267,145
95$1,460,161,068$81,484,096$31,670,504$608,207,652
96$1,608,894,759$85,274,079$32,528,728$667,541,092
97$1,772,792,900$89,243,385$33,409,316$732,812,745
98$1,953,402,064$93,400,599$34,312,817$804,623,290
99$2,152,426,568$97,754,721$35,239,789$883,634,448
100$2,371,744,562$102,315,187$36,190,807$970,575,194