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

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 $6,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$569,796$564,720$559,768$554,935$550,216$534,962
2 years$282,077$276,824$271,732$266,796$262,007$246,754
3 years$186,183$180,907$175,829$170,939$166,228$151,452
4 years$138,246$132,986$127,958$123,152$118,555$104,370
5 years$109,491$104,263$99,301$94,592$90,124$76,568
6 years$90,327$85,138$80,250$75,646$71,312$58,399
7 years$76,644$71,499$66,688$62,193$57,996$45,725
8 years$66,387$61,288$56,557$52,172$48,113$36,479
9 years$58,413$53,362$48,712$44,439$40,518$29,509
10 years$52,037$47,036$42,468$38,307$34,524$24,125
11 years$46,825$41,873$37,389$33,338$29,691$19,887
12 years$42,484$37,583$33,181$29,242$25,730$16,502
13 years$38,814$33,964$29,645$25,817$22,437$13,765
14 years$35,670$30,873$26,637$22,917$19,668$11,531
15 years$32,949$28,203$24,049$20,438$17,317$9,693
16 years$30,570$25,875$21,804$18,300$15,305$8,172
17 years$28,473$23,830$19,841$16,442$13,571$6,907
18 years$26,611$22,020$18,112$14,818$12,066$5,848
19 years$24,947$20,408$16,581$13,389$10,755$4,961
20 years$23,451$18,964$15,217$12,127$9,607$4,214
21 years$22,099$17,665$13,997$11,006$8,597$3,584
22 years$20,872$16,489$12,900$10,007$7,706$3,051
23 years$19,754$15,422$11,911$9,113$6,917$2,599
24 years$18,730$14,449$11,016$8,312$6,217$2,216
25 years$17,789$13,560$10,203$7,591$5,595$1,891
26 years$16,922$12,744$9,463$6,941$5,039$1,614
27 years$16,121$11,994$8,787$6,353$4,543$1,378
28 years$15,379$11,302$8,168$5,821$4,100$1,177
29 years$14,688$10,662$7,601$5,338$3,702$1,006
30 years$14,045$10,069$7,080$4,899$3,345$860
31 years$13,445$9,519$6,601$4,499$3,024$735
32 years$12,883$9,006$6,159$4,135$2,736$629
33 years$12,357$8,529$5,750$3,802$2,476$538
34 years$11,862$8,084$5,373$3,498$2,241$460
35 years$11,397$7,667$5,023$3,220$2,030$394
36 years$10,959$7,277$4,699$2,966$1,839$337
37 years$10,545$6,912$4,398$2,733$1,667$288
38 years$10,154$6,569$4,119$2,519$1,511$247
39 years$9,784$6,246$3,859$2,322$1,371$211
40 years$9,433$5,943$3,617$2,142$1,243$181
41 years$9,101$5,657$3,392$1,976$1,128$155
42 years$8,785$5,388$3,181$1,824$1,023$132
43 years$8,484$5,133$2,985$1,684$929$113
44 years$8,198$4,893$2,802$1,555$843$97
45 years$7,926$4,666$2,631$1,436$765$83
46 years$7,666$4,451$2,471$1,326$695$71
47 years$7,418$4,248$2,322$1,225$631$61
48 years$7,180$4,055$2,182$1,132$573$52
49 years$6,954$3,872$2,051$1,046$520$45
50 years$6,737$3,699$1,928$967$473$38

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 $6,142 every year, while hoping to spend $30,966 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: 64/30/6 Blend
39$6,900,000$6,900,000$6,900,000$6,900,000
40$7,610,135$7,244,435$7,137,485$8,089,176
41$8,353,422$7,566,465$7,343,644$8,730,749
42$9,171,485$7,903,237$7,555,670$9,426,927
43$10,071,921$8,255,439$7,773,729$10,186,434
44$11,063,096$8,623,795$7,997,989$11,015,409
45$12,154,233$9,009,062$8,228,622$11,920,604
46$13,355,491$9,412,032$8,465,807$12,909,446
47$14,678,065$9,833,535$8,709,725$13,990,103
48$16,134,291$10,274,442$8,960,565$15,171,561
49$17,737,763$10,735,664$9,218,518$16,463,705
50$19,503,459$11,218,156$9,483,783$17,877,414
51$21,447,884$11,722,918$9,756,561$19,424,654
52$23,589,225$12,250,998$10,037,063$21,118,595
53$25,947,523$12,803,494$10,325,502$22,973,732
54$28,544,861$13,381,556$10,622,097$25,006,014
55$31,405,575$13,986,390$10,927,076$27,232,999
56$34,556,480$14,619,259$11,240,669$29,674,010
57$38,027,124$15,281,487$11,563,114$32,350,320
58$41,850,069$15,974,458$11,894,657$35,285,343
59$46,061,196$16,699,627$12,235,549$38,504,860
60$50,700,045$17,458,515$12,586,046$42,037,253
61$55,810,185$18,252,718$12,946,414$45,913,768
62$61,439,630$19,083,907$13,316,925$50,168,811
63$67,641,287$19,953,833$13,697,857$54,840,267
64$74,473,460$20,864,333$14,089,497$59,969,850
65$82,000,397$21,817,329$14,492,139$65,603,498
66$90,292,897$22,814,837$14,906,085$71,791,795
67$99,428,978$23,858,970$15,331,644$78,590,453
68$109,494,615$24,951,940$15,769,135$86,060,822
69$120,584,549$26,096,069$16,218,884$94,270,474
70$132,803,183$27,293,786$16,681,227$103,293,826
71$146,265,566$28,547,640$17,156,507$113,212,845
72$161,098,481$29,860,302$17,645,077$124,117,810
73$177,441,639$31,234,570$18,147,300$136,108,160
74$195,448,999$32,673,377$18,663,548$149,293,426
75$215,290,222$34,179,797$19,194,201$163,794,256
76$237,152,270$35,757,052$19,739,653$179,743,552
77$261,241,174$37,408,521$20,300,304$197,287,709
78$287,783,977$39,137,741$20,876,567$216,587,996
79$317,030,876$40,948,424$21,468,865$237,822,068
80$349,257,586$42,844,457$22,077,633$261,185,630
81$384,767,941$44,829,917$22,703,315$286,894,281
82$423,896,765$46,909,077$23,346,370$315,185,539
83$467,013,027$49,086,414$24,007,265$346,321,070
84$514,523,329$51,366,622$24,686,482$380,589,149
85$566,875,745$53,754,622$25,384,515$418,307,372
86$624,564,044$56,255,572$26,101,870$459,825,641
87$688,132,359$58,874,878$26,839,065$505,529,455
88$758,180,320$61,618,207$27,596,635$555,843,538
89$835,368,715$64,491,501$28,375,124$611,235,835
90$920,425,727$67,500,988$29,175,094$672,221,913
91$1,014,153,811$70,653,196$29,997,119$739,369,818
92$1,117,437,265$73,954,968$30,841,788$813,305,420
93$1,231,250,585$77,413,481$31,709,707$894,718,305
94$1,356,667,657$81,036,253$32,601,494$984,368,271
95$1,494,871,900$84,831,172$33,517,786$1,083,092,480
96$1,647,167,437$88,806,502$34,459,235$1,191,813,346
97$1,814,991,404$92,970,909$35,426,507$1,311,547,221
98$1,999,927,521$97,333,478$36,420,290$1,443,413,974
99$2,203,721,043$101,903,733$37,441,284$1,588,647,539
100$2,428,295,233$106,691,660$38,490,211$1,748,607,542