Can I retire at age 40 with 6,900,000?

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 $6,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$569,796$564,720$559,768$554,935$550,216$530,483
2 years$282,077$276,824$271,732$266,796$262,007$242,340
3 years$186,183$180,907$175,829$170,939$166,228$147,245
4 years$138,246$132,986$127,958$123,152$118,555$100,401
5 years$109,491$104,263$99,301$94,592$90,124$72,846
6 years$90,327$85,138$80,250$75,646$71,312$54,923
7 years$76,644$71,499$66,688$62,193$57,996$42,493
8 years$66,387$61,288$56,557$52,172$48,113$33,483
9 years$58,413$53,362$48,712$44,439$40,518$26,741
10 years$52,037$47,036$42,468$38,307$34,524$21,575
11 years$46,825$41,873$37,389$33,338$29,691$17,546
12 years$42,484$37,583$33,181$29,242$25,730$14,357
13 years$38,814$33,964$29,645$25,817$22,437$11,806
14 years$35,670$30,873$26,637$22,917$19,668$9,747
15 years$32,949$28,203$24,049$20,438$17,317$8,073
16 years$30,570$25,875$21,804$18,300$15,305$6,704
17 years$28,473$23,830$19,841$16,442$13,571$5,579
18 years$26,611$22,020$18,112$14,818$12,066$4,651
19 years$24,947$20,408$16,581$13,389$10,755$3,883
20 years$23,451$18,964$15,217$12,127$9,607$3,246
21 years$22,099$17,665$13,997$11,006$8,597$2,716
22 years$20,872$16,489$12,900$10,007$7,706$2,274
23 years$19,754$15,422$11,911$9,113$6,917$1,906
24 years$18,730$14,449$11,016$8,312$6,217$1,598
25 years$17,789$13,560$10,203$7,591$5,595$1,341
26 years$16,922$12,744$9,463$6,941$5,039$1,125
27 years$16,121$11,994$8,787$6,353$4,543$945
28 years$15,379$11,302$8,168$5,821$4,100$793
29 years$14,688$10,662$7,601$5,338$3,702$666
30 years$14,045$10,069$7,080$4,899$3,345$560
31 years$13,445$9,519$6,601$4,499$3,024$470
32 years$12,883$9,006$6,159$4,135$2,736$395
33 years$12,357$8,529$5,750$3,802$2,476$332
34 years$11,862$8,084$5,373$3,498$2,241$279
35 years$11,397$7,667$5,023$3,220$2,030$235
36 years$10,959$7,277$4,699$2,966$1,839$197
37 years$10,545$6,912$4,398$2,733$1,667$166
38 years$10,154$6,569$4,119$2,519$1,511$140
39 years$9,784$6,246$3,859$2,322$1,371$117
40 years$9,433$5,943$3,617$2,142$1,243$99
41 years$9,101$5,657$3,392$1,976$1,128$83
42 years$8,785$5,388$3,181$1,824$1,023$70
43 years$8,484$5,133$2,985$1,684$929$59
44 years$8,198$4,893$2,802$1,555$843$49
45 years$7,926$4,666$2,631$1,436$765$42
46 years$7,666$4,451$2,471$1,326$695$35
47 years$7,418$4,248$2,322$1,225$631$29
48 years$7,180$4,055$2,182$1,132$573$25
49 years$6,954$3,872$2,051$1,046$520$21
50 years$6,737$3,699$1,928$967$473$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $6,900,000, adding $5,636 every year, while hoping to spend $21,372 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: 46/32/22 Blend
39$6,900,000$6,900,000$6,900,000$6,900,000
40$7,609,614$7,243,914$7,136,964$7,911,427
41$8,363,054$7,576,126$7,353,312$8,456,067
42$9,192,630$7,923,900$7,576,192$9,044,063
43$10,106,084$8,287,976$7,805,800$9,681,581
44$11,111,947$8,669,130$8,042,337$10,373,254
45$12,219,623$9,068,174$8,286,012$11,124,168
46$13,439,470$9,485,961$8,537,040$11,939,908
47$14,782,906$9,923,383$8,795,640$12,826,613
48$16,262,509$10,381,375$9,062,041$13,791,024
49$17,892,142$10,860,919$9,336,476$14,840,551
50$19,687,079$11,363,043$9,619,187$15,983,338
51$21,664,153$11,888,824$9,910,421$17,228,335
52$23,841,911$12,439,391$10,210,436$18,585,381
53$26,240,794$13,015,929$10,519,493$20,065,296
54$28,883,323$13,619,678$10,837,864$21,679,974
55$31,794,318$14,251,939$11,165,829$23,442,497
56$35,001,129$14,914,074$11,503,675$25,367,253
57$38,533,894$15,607,514$11,851,698$27,470,066
58$42,425,825$16,333,755$12,210,203$29,768,344
59$46,713,519$17,094,369$12,579,505$32,281,237
60$51,437,306$17,891,001$12,959,926$35,029,817
61$56,641,628$18,725,377$13,351,800$38,037,266
62$62,375,459$19,599,305$13,755,470$41,329,095
63$68,692,767$20,514,682$14,171,290$44,933,380
64$75,653,023$21,473,495$14,599,622$48,881,016
65$83,321,763$22,477,829$15,040,841$53,206,011
66$91,771,207$23,529,866$15,495,333$57,945,794
67$101,080,939$24,631,899$15,963,496$63,141,569
68$111,338,659$25,786,326$16,445,737$68,838,690
69$122,641,012$26,995,666$16,942,479$75,087,090
70$135,094,498$28,262,556$17,454,155$81,941,740
71$148,816,478$29,589,763$17,981,211$89,463,163
72$163,936,285$30,980,187$18,524,107$97,717,998
73$180,596,438$32,436,869$19,083,317$106,779,621
74$198,953,994$33,962,995$19,659,328$116,728,826
75$219,182,028$35,561,908$20,252,642$127,654,585
76$241,471,265$37,237,112$20,863,775$139,654,875
77$266,031,884$38,992,280$21,493,261$152,837,593
78$293,095,498$40,831,263$22,141,647$167,321,567
79$322,917,344$42,758,100$22,809,498$183,237,665
80$355,778,690$44,777,024$23,497,393$200,730,021
81$391,989,493$46,892,475$24,205,932$219,957,384
82$431,891,321$49,109,106$24,935,731$241,094,605
83$475,860,581$51,431,797$25,687,423$264,334,274
84$524,312,070$53,865,665$26,461,661$289,888,527
85$577,702,893$56,416,075$27,259,119$317,991,032
86$636,536,776$59,088,651$28,080,487$348,899,185
87$701,368,823$61,889,290$28,926,480$382,896,521
88$772,810,756$64,824,179$29,797,830$420,295,376
89$851,536,689$67,899,799$30,695,293$461,439,822
90$938,289,493$71,122,951$31,619,647$506,708,893
91$1,033,887,809$74,500,763$32,571,692$556,520,151
92$1,139,233,775$78,040,711$33,552,254$611,333,605
93$1,255,321,547$81,750,632$34,562,182$671,656,036
94$1,383,246,679$85,638,747$35,602,348$738,045,760
95$1,524,216,467$89,713,672$36,673,654$811,117,878
96$1,679,561,350$93,984,446$37,777,025$891,550,061
97$1,850,747,468$98,460,544$38,913,415$980,088,921
98$2,039,390,502$103,151,902$40,083,807$1,077,557,040
99$2,247,270,929$108,068,942$41,289,210$1,184,860,704
100$2,476,350,832$113,222,588$42,530,667$1,302,998,437