Can I retire at age 40 with 7,100,000?

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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$586,311$581,089$575,993$571,020$566,164$555,642
2 years$290,253$284,847$279,608$274,529$269,602$259,041
3 years$191,580$186,151$180,925$175,893$171,047$160,775
4 years$142,253$136,841$131,667$126,721$121,992$112,089
5 years$112,665$107,285$102,179$97,334$92,736$83,231
6 years$92,945$87,606$82,576$77,839$73,379$64,281
7 years$78,866$73,571$68,621$63,996$59,677$50,989
8 years$68,311$63,064$58,196$53,684$49,508$41,228
9 years$60,106$54,909$50,124$45,727$41,693$33,815
10 years$53,546$48,399$43,699$39,417$35,524$28,043
11 years$48,182$43,087$38,472$34,305$30,552$23,457
12 years$43,715$38,673$34,143$30,090$26,476$19,758
13 years$39,939$34,949$30,505$26,565$23,087$16,736
14 years$36,704$31,768$27,409$23,581$20,238$14,242
15 years$33,904$29,020$24,746$21,030$17,819$12,166
16 years$31,456$26,625$22,436$18,830$15,749$10,426
17 years$29,298$24,521$20,416$16,919$13,964$8,959
18 years$27,382$22,659$18,637$15,247$12,416$7,716
19 years$25,670$21,000$17,061$13,777$11,067$6,658
20 years$24,131$19,514$15,658$12,478$9,885$5,755
21 years$22,740$18,177$14,402$11,325$8,846$4,981
22 years$21,477$16,967$13,274$10,297$7,929$4,316
23 years$20,326$15,869$12,256$9,377$7,118$3,744
24 years$19,273$14,868$11,335$8,553$6,398$3,251
25 years$18,305$13,953$10,498$7,811$5,757$2,825
26 years$17,413$13,114$9,737$7,142$5,186$2,456
27 years$16,589$12,341$9,041$6,537$4,675$2,137
28 years$15,824$11,629$8,405$5,989$4,218$1,860
29 years$15,114$10,971$7,822$5,492$3,809$1,620
30 years$14,453$10,361$7,286$5,041$3,442$1,411
31 years$13,835$9,794$6,792$4,629$3,112$1,230
32 years$13,257$9,268$6,337$4,255$2,815$1,072
33 years$12,715$8,777$5,917$3,912$2,547$935
34 years$12,206$8,318$5,529$3,600$2,306$815
35 years$11,728$7,890$5,169$3,314$2,089$711
36 years$11,276$7,488$4,835$3,052$1,893$620
37 years$10,851$7,112$4,526$2,812$1,715$541
38 years$10,448$6,759$4,238$2,592$1,555$472
39 years$10,068$6,427$3,971$2,390$1,410$412
40 years$9,707$6,115$3,722$2,204$1,279$360
41 years$9,364$5,821$3,490$2,034$1,161$314
42 years$9,039$5,544$3,274$1,877$1,053$274
43 years$8,730$5,282$3,072$1,733$956$239
44 years$8,436$5,035$2,883$1,600$867$209
45 years$8,155$4,801$2,707$1,477$788$182
46 years$7,888$4,580$2,543$1,365$715$159
47 years$7,633$4,371$2,389$1,261$649$139
48 years$7,389$4,173$2,245$1,165$590$121
49 years$7,155$3,985$2,110$1,077$536$106
50 years$6,932$3,806$1,984$995$486$93

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $7,100,000, adding $6,719 every year, while hoping to spend $20,563 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: 44/47/9 Blend
39$7,100,000$7,100,000$7,100,000$7,100,000
40$7,831,131$7,454,831$7,344,781$8,155,297
41$8,608,027$7,798,238$7,568,952$8,724,204
42$9,463,478$8,157,784$7,799,944$9,337,796
43$10,405,474$8,534,237$8,037,963$10,002,343
44$11,442,820$8,928,402$8,283,222$10,722,531
45$12,585,219$9,341,125$8,535,942$11,503,503
46$13,843,362$9,773,291$8,796,347$12,350,899
47$15,229,031$10,225,829$9,064,671$13,270,913
48$16,755,209$10,699,711$9,341,154$14,270,340
49$18,436,200$11,195,957$9,626,042$15,356,642
50$20,287,769$11,715,635$9,919,591$16,538,015
51$22,327,287$12,259,867$10,222,063$17,823,458
52$24,573,896$12,829,826$10,533,728$19,222,857
53$27,048,690$13,426,744$10,854,865$20,747,073
54$29,774,913$14,051,911$11,185,759$22,408,039
55$32,778,179$14,706,680$11,526,707$24,218,870
56$36,086,715$15,392,468$11,878,013$26,193,979
57$39,731,624$16,110,763$12,239,990$28,349,211
58$43,747,181$16,863,122$12,612,962$30,701,982
59$48,171,158$17,651,179$12,997,260$33,271,444
60$53,045,175$18,476,647$13,393,228$36,078,654
61$58,415,100$19,341,320$13,801,218$39,146,771
62$64,331,477$20,247,080$14,221,595$42,501,262
63$70,850,001$21,195,901$14,654,732$46,170,144
64$78,032,052$22,189,851$15,101,016$50,184,231
65$85,945,265$23,231,097$15,560,844$54,577,426
66$94,664,175$24,321,914$16,034,626$59,387,029
67$104,270,918$25,464,685$16,522,782$64,654,078
68$114,856,004$26,661,907$17,025,749$70,423,735
69$126,519,178$27,916,202$17,543,972$76,745,694
70$139,370,352$29,230,314$18,077,914$83,674,650
71$153,530,653$30,607,124$18,628,048$91,270,796
72$169,133,556$32,049,650$19,194,865$99,600,387
73$186,326,154$33,561,057$19,778,867$108,736,351
74$205,270,536$35,144,664$20,380,574$118,758,969
75$226,145,328$36,803,950$21,000,521$129,756,616
76$249,147,371$38,542,563$21,639,257$141,826,587
77$274,493,581$40,364,326$22,297,351$155,075,999
78$302,422,999$42,273,252$22,975,385$169,622,789
79$333,199,048$44,273,543$23,673,963$185,596,816
80$367,112,013$46,369,610$24,393,704$203,141,063
81$404,481,791$48,566,073$25,135,245$222,412,982
82$445,660,903$50,867,780$25,899,246$243,585,953
83$491,037,827$53,279,813$26,686,382$266,850,911
84$541,040,662$55,807,501$27,497,352$292,418,123
85$596,141,171$58,456,429$28,332,875$320,519,160
86$656,859,234$61,232,458$29,193,689$351,409,060
87$723,767,756$64,141,729$30,080,559$385,368,712
88$797,498,078$67,190,684$30,994,268$422,707,489
89$878,745,932$70,386,078$31,935,626$463,766,144
90$968,278,013$73,734,992$32,905,465$508,920,000
91$1,066,939,216$77,244,852$33,904,644$558,582,473
92$1,175,660,613$80,923,446$34,934,047$613,208,942
93$1,295,468,240$84,778,940$35,994,582$673,301,021
94$1,427,492,788$88,819,896$37,087,188$739,411,271
95$1,572,980,274$93,055,292$38,212,830$812,148,375
96$1,733,303,804$97,494,544$39,372,503$892,182,860
97$1,909,976,541$102,147,525$40,567,230$980,253,393
98$2,104,665,982$107,024,588$41,798,067$1,077,173,712
99$2,319,209,710$112,136,590$43,066,099$1,183,840,277
100$2,555,632,733$117,494,916$44,372,446$1,301,240,693