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%15.8%
1 years$569,796$564,720$559,768$554,935$550,216$537,133
2 years$282,077$276,824$271,732$266,796$262,007$248,903
3 years$186,183$180,907$175,829$170,939$166,228$153,512
4 years$138,246$132,986$127,958$123,152$118,555$106,325
5 years$109,491$104,263$99,301$94,592$90,124$78,414
6 years$90,327$85,138$80,250$75,646$71,312$60,134
7 years$76,644$71,499$66,688$62,193$57,996$47,351
8 years$66,387$61,288$56,557$52,172$48,113$37,998
9 years$58,413$53,362$48,712$44,439$40,518$30,924
10 years$52,037$47,036$42,468$38,307$34,524$25,440
11 years$46,825$41,873$37,389$33,338$29,691$21,106
12 years$42,484$37,583$33,181$29,242$25,730$17,628
13 years$38,814$33,964$29,645$25,817$22,437$14,803
14 years$35,670$30,873$26,637$22,917$19,668$12,486
15 years$32,949$28,203$24,049$20,438$17,317$10,570
16 years$30,570$25,875$21,804$18,300$15,305$8,976
17 years$28,473$23,830$19,841$16,442$13,571$7,641
18 years$26,611$22,020$18,112$14,818$12,066$6,518
19 years$24,947$20,408$16,581$13,389$10,755$5,570
20 years$23,451$18,964$15,217$12,127$9,607$4,768
21 years$22,099$17,665$13,997$11,006$8,597$4,086
22 years$20,872$16,489$12,900$10,007$7,706$3,505
23 years$19,754$15,422$11,911$9,113$6,917$3,010
24 years$18,730$14,449$11,016$8,312$6,217$2,587
25 years$17,789$13,560$10,203$7,591$5,595$2,225
26 years$16,922$12,744$9,463$6,941$5,039$1,914
27 years$16,121$11,994$8,787$6,353$4,543$1,648
28 years$15,379$11,302$8,168$5,821$4,100$1,419
29 years$14,688$10,662$7,601$5,338$3,702$1,223
30 years$14,045$10,069$7,080$4,899$3,345$1,054
31 years$13,445$9,519$6,601$4,499$3,024$909
32 years$12,883$9,006$6,159$4,135$2,736$784
33 years$12,357$8,529$5,750$3,802$2,476$676
34 years$11,862$8,084$5,373$3,498$2,241$583
35 years$11,397$7,667$5,023$3,220$2,030$503
36 years$10,959$7,277$4,699$2,966$1,839$434
37 years$10,545$6,912$4,398$2,733$1,667$374
38 years$10,154$6,569$4,119$2,519$1,511$323
39 years$9,784$6,246$3,859$2,322$1,371$279
40 years$9,433$5,943$3,617$2,142$1,243$241
41 years$9,101$5,657$3,392$1,976$1,128$208
42 years$8,785$5,388$3,181$1,824$1,023$179
43 years$8,484$5,133$2,985$1,684$929$155
44 years$8,198$4,893$2,802$1,555$843$134
45 years$7,926$4,666$2,631$1,436$765$115
46 years$7,666$4,451$2,471$1,326$695$100
47 years$7,418$4,248$2,322$1,225$631$86
48 years$7,180$4,055$2,182$1,132$573$74
49 years$6,954$3,872$2,051$1,046$520$64
50 years$6,737$3,699$1,928$967$473$55

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 $4,278 every year, while hoping to spend $26,647 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: 29/46/25 Blend
39$6,900,000$6,900,000$6,900,000$6,900,000
40$7,608,213$7,242,513$7,135,563$7,769,619
41$8,355,898$7,569,044$7,346,252$8,222,547
42$9,178,955$7,910,682$7,563,106$8,706,517
43$10,085,041$8,268,138$7,786,304$9,226,296
44$11,082,599$8,642,160$8,016,028$9,784,989
45$12,180,927$9,033,529$8,252,468$10,385,993
46$13,390,274$9,443,064$8,495,818$11,033,030
47$14,721,931$9,871,624$8,746,277$11,730,173
48$16,188,341$10,320,106$9,004,050$12,481,887
49$17,803,215$10,789,455$9,269,350$13,293,062
50$19,581,662$11,280,658$9,542,392$14,169,059
51$21,540,330$11,794,748$9,823,401$15,115,757
52$23,697,565$12,332,812$10,112,605$16,139,600
53$26,073,581$12,895,984$10,410,242$17,247,658
54$28,690,655$13,485,456$10,716,554$18,447,688
55$31,573,334$14,102,475$11,031,790$19,748,201
56$34,748,667$14,748,350$11,356,209$21,158,539
57$38,246,462$15,424,450$11,690,073$22,688,958
58$42,099,566$16,132,213$12,033,655$24,350,719
59$46,344,173$16,873,142$12,387,233$26,156,186
60$51,020,169$17,648,817$12,751,096$28,118,942
61$56,171,506$18,460,889$13,125,538$30,253,908
62$61,846,620$19,311,093$13,510,863$32,577,476
63$68,098,882$20,201,243$13,907,384$35,107,662
64$74,987,108$21,133,244$14,315,422$37,864,263
65$82,576,110$22,109,090$14,735,305$40,869,039
66$90,937,311$23,130,873$15,167,375$44,145,912
67$100,149,414$24,200,784$15,611,981$47,721,183
68$110,299,152$25,321,120$16,069,480$51,623,771
69$121,482,100$26,494,289$16,540,242$55,885,476
70$133,803,581$27,722,815$17,024,646$60,541,275
71$147,379,657$29,009,344$17,523,082$65,629,635
72$162,338,228$30,356,648$18,035,952$71,192,873
73$178,820,238$31,767,635$18,563,667$77,277,541
74$196,981,003$33,245,350$19,106,651$83,934,854
75$216,991,681$34,792,987$19,665,339$91,221,165
76$239,040,884$36,413,896$20,240,180$99,198,482
77$263,336,462$38,111,585$20,831,634$107,935,042
78$290,107,462$39,889,732$21,440,174$117,505,942
79$319,606,289$41,752,196$22,066,286$127,993,833
80$352,111,095$43,703,017$22,710,471$139,489,685
81$387,928,397$45,746,436$23,373,242$152,093,634
82$427,395,976$47,886,894$24,055,129$165,915,909
83$470,886,064$50,129,049$24,756,673$181,077,855
84$518,808,854$52,477,785$25,478,434$197,713,063
85$571,616,380$54,938,219$26,220,984$215,968,611
86$629,806,778$57,515,719$26,984,914$236,006,438
87$693,928,991$60,215,911$27,770,830$258,004,844
88$764,587,950$63,044,692$28,579,355$282,160,162
89$842,450,286$66,008,247$29,411,128$308,688,583
90$928,250,623$69,113,059$30,266,809$337,828,176
91$1,022,798,512$72,365,925$31,147,073$369,841,113
92$1,126,986,075$75,773,970$32,052,614$405,016,117
93$1,241,796,426$79,344,666$32,984,148$443,671,160
94$1,368,312,953$83,085,846$33,942,409$486,156,442
95$1,507,729,544$87,005,722$34,928,149$532,857,664
96$1,661,361,860$91,112,905$35,942,145$584,199,640
97$1,830,659,756$95,416,424$36,985,193$640,650,276
98$2,017,220,965$99,925,742$38,058,111$702,724,956
99$2,222,806,186$104,650,786$39,161,740$770,991,370
100$2,449,355,702$109,601,960$40,296,944$846,074,839