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

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 $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%19.6%
1 years$586,311$581,089$575,993$571,020$566,164$544,346
2 years$290,253$284,847$279,608$274,529$269,602$247,881
3 years$191,580$186,151$180,925$175,893$171,047$150,106
4 years$142,253$136,841$131,667$126,721$121,992$101,991
5 years$112,665$107,285$102,179$97,334$92,736$73,727
6 years$92,945$87,606$82,576$77,839$73,379$55,374
7 years$78,866$73,571$68,621$63,996$59,677$42,670
8 years$68,311$63,064$58,196$53,684$49,508$33,483
9 years$60,106$54,909$50,124$45,727$41,693$26,626
10 years$53,546$48,399$43,699$39,417$35,524$21,388
11 years$48,182$43,087$38,472$34,305$30,552$17,314
12 years$43,715$38,673$34,143$30,090$26,476$14,102
13 years$39,939$34,949$30,505$26,565$23,087$11,541
14 years$36,704$31,768$27,409$23,581$20,238$9,481
15 years$33,904$29,020$24,746$21,030$17,819$7,814
16 years$31,456$26,625$22,436$18,830$15,749$6,456
17 years$29,298$24,521$20,416$16,919$13,964$5,345
18 years$27,382$22,659$18,637$15,247$12,416$4,432
19 years$25,670$21,000$17,061$13,777$11,067$3,681
20 years$24,131$19,514$15,658$12,478$9,885$3,060
21 years$22,740$18,177$14,402$11,325$8,846$2,547
22 years$21,477$16,967$13,274$10,297$7,929$2,121
23 years$20,326$15,869$12,256$9,377$7,118$1,768
24 years$19,273$14,868$11,335$8,553$6,398$1,474
25 years$18,305$13,953$10,498$7,811$5,757$1,230
26 years$17,413$13,114$9,737$7,142$5,186$1,026
27 years$16,589$12,341$9,041$6,537$4,675$857
28 years$15,824$11,629$8,405$5,989$4,218$715
29 years$15,114$10,971$7,822$5,492$3,809$598
30 years$14,453$10,361$7,286$5,041$3,442$499
31 years$13,835$9,794$6,792$4,629$3,112$417
32 years$13,257$9,268$6,337$4,255$2,815$348
33 years$12,715$8,777$5,917$3,912$2,547$291
34 years$12,206$8,318$5,529$3,600$2,306$243
35 years$11,728$7,890$5,169$3,314$2,089$203
36 years$11,276$7,488$4,835$3,052$1,893$170
37 years$10,851$7,112$4,526$2,812$1,715$142
38 years$10,448$6,759$4,238$2,592$1,555$119
39 years$10,068$6,427$3,971$2,390$1,410$99
40 years$9,707$6,115$3,722$2,204$1,279$83
41 years$9,364$5,821$3,490$2,034$1,161$69
42 years$9,039$5,544$3,274$1,877$1,053$58
43 years$8,730$5,282$3,072$1,733$956$49
44 years$8,436$5,035$2,883$1,600$867$41
45 years$8,155$4,801$2,707$1,477$788$34
46 years$7,888$4,580$2,543$1,365$715$28
47 years$7,633$4,371$2,389$1,261$649$24
48 years$7,389$4,173$2,245$1,165$590$20
49 years$7,155$3,985$2,110$1,077$536$17
50 years$6,932$3,806$1,984$995$486$14

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 $2,309 every year, while hoping to spend $38,869 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: 51/33/16 Blend
39$7,100,000$7,100,000$7,100,000$7,100,000
40$7,826,582$7,450,282$7,340,232$8,191,365
41$8,583,537$7,773,989$7,544,773$8,765,887
42$9,416,398$8,112,256$7,754,864$9,385,906
43$10,332,868$8,465,753$7,970,649$10,059,131
44$11,341,432$8,835,186$8,192,277$10,790,601
45$12,451,439$9,221,292$8,419,900$11,585,851
46$13,673,193$9,624,842$8,653,673$12,450,963
47$15,018,044$10,046,644$8,893,756$13,392,623
48$16,498,500$10,487,546$9,140,313$14,418,183
49$18,128,345$10,948,433$9,393,511$15,535,721
50$19,922,764$11,430,235$9,653,522$16,754,124
51$21,898,492$11,933,922$9,920,521$18,083,161
52$24,073,968$12,460,514$10,194,688$19,533,579
53$26,469,509$13,011,076$10,476,207$21,117,197
54$29,107,506$13,586,726$10,765,267$22,847,014
55$32,012,629$14,188,632$11,062,060$24,737,335
56$35,212,064$14,818,022$11,366,786$26,803,894
57$38,735,766$15,476,177$11,679,645$29,064,006
58$42,616,747$16,164,441$12,000,845$31,536,722
59$46,891,380$16,884,224$12,330,599$34,243,009
60$51,599,749$17,636,999$12,669,122$37,205,940
61$56,786,023$18,424,312$13,016,637$40,450,912
62$62,498,875$19,247,781$13,373,372$44,005,877
63$68,791,939$20,109,102$13,739,559$47,901,605
64$75,724,319$21,010,049$14,115,436$52,171,966
65$83,361,142$21,952,485$14,501,246$56,854,250
66$91,774,180$22,938,357$14,897,239$61,989,508
67$101,042,518$23,969,709$15,303,669$67,622,937
68$111,253,309$25,048,679$15,720,796$73,804,304
69$122,502,591$26,177,509$16,148,887$80,588,403
70$134,896,196$27,358,547$16,588,215$88,035,572
71$148,550,746$28,594,253$17,039,058$96,212,254
72$163,594,756$29,887,206$17,501,701$105,191,616
73$180,169,849$31,240,107$17,976,435$115,054,236
74$198,432,086$32,655,785$18,463,559$125,888,853
75$218,553,447$34,137,206$18,963,376$137,793,200
76$240,723,447$35,687,478$19,476,197$150,874,916
77$265,150,929$37,309,855$20,002,341$165,252,555
78$292,066,036$39,007,750$20,542,132$181,056,696
79$321,722,380$40,784,738$21,095,901$198,431,168
80$354,399,438$42,644,565$21,663,989$217,534,394
81$390,405,189$44,591,157$22,246,741$238,540,883
82$430,079,022$46,628,628$22,844,510$261,642,861
83$473,794,940$48,761,289$23,457,659$287,052,076
84$521,965,090$50,993,657$24,086,556$315,001,789
85$575,043,651$53,330,468$24,731,578$345,748,960
86$633,531,126$55,776,684$25,393,109$379,576,663
87$697,979,063$58,337,504$26,071,541$416,796,745
88$768,995,265$61,018,380$26,767,275$457,752,755
89$847,249,524$63,825,021$27,480,720$502,823,175
90$933,479,944$66,763,416$28,212,292$552,424,977
91$1,028,499,912$69,839,837$28,962,418$607,017,544
92$1,133,205,775$73,060,861$29,731,531$667,106,987
93$1,248,585,300$76,433,380$30,520,074$733,250,912
94$1,375,727,002$79,964,617$31,328,497$806,063,661
95$1,515,830,417$83,662,143$32,157,262$886,222,095
96$1,670,217,426$87,533,895$33,006,838$974,471,964
97$1,840,344,738$91,588,191$33,877,701$1,071,634,925
98$2,027,817,638$95,833,749$34,770,341$1,178,616,280
99$2,234,405,142$100,279,707$35,685,253$1,296,413,497
100$2,462,056,700$104,935,647$36,622,942$1,426,125,608