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%13.7%
1 years$586,311$581,089$575,993$571,020$566,164$557,473
2 years$290,253$284,847$279,608$274,529$269,602$260,867
3 years$191,580$186,151$180,925$175,893$171,047$162,540
4 years$142,253$136,841$131,667$126,721$121,992$113,778
5 years$112,665$107,285$102,179$97,334$92,736$84,840
6 years$92,945$87,606$82,576$77,839$73,379$65,809
7 years$78,866$73,571$68,621$63,996$59,677$52,435
8 years$68,311$63,064$58,196$53,684$49,508$42,594
9 years$60,106$54,909$50,124$45,727$41,693$35,103
10 years$53,546$48,399$43,699$39,417$35,524$29,253
11 years$48,182$43,087$38,472$34,305$30,552$24,593
12 years$43,715$38,673$34,143$30,090$26,476$20,822
13 years$39,939$34,949$30,505$26,565$23,087$17,731
14 years$36,704$31,768$27,409$23,581$20,238$15,170
15 years$33,904$29,020$24,746$21,030$17,819$13,030
16 years$31,456$26,625$22,436$18,830$15,749$11,229
17 years$29,298$24,521$20,416$16,919$13,964$9,704
18 years$27,382$22,659$18,637$15,247$12,416$8,406
19 years$25,670$21,000$17,061$13,777$11,067$7,297
20 years$24,131$19,514$15,658$12,478$9,885$6,344
21 years$22,740$18,177$14,402$11,325$8,846$5,525
22 years$21,477$16,967$13,274$10,297$7,929$4,817
23 years$20,326$15,869$12,256$9,377$7,118$4,205
24 years$19,273$14,868$11,335$8,553$6,398$3,674
25 years$18,305$13,953$10,498$7,811$5,757$3,212
26 years$17,413$13,114$9,737$7,142$5,186$2,811
27 years$16,589$12,341$9,041$6,537$4,675$2,461
28 years$15,824$11,629$8,405$5,989$4,218$2,156
29 years$15,114$10,971$7,822$5,492$3,809$1,890
30 years$14,453$10,361$7,286$5,041$3,442$1,658
31 years$13,835$9,794$6,792$4,629$3,112$1,454
32 years$13,257$9,268$6,337$4,255$2,815$1,276
33 years$12,715$8,777$5,917$3,912$2,547$1,120
34 years$12,206$8,318$5,529$3,600$2,306$983
35 years$11,728$7,890$5,169$3,314$2,089$863
36 years$11,276$7,488$4,835$3,052$1,893$758
37 years$10,851$7,112$4,526$2,812$1,715$666
38 years$10,448$6,759$4,238$2,592$1,555$585
39 years$10,068$6,427$3,971$2,390$1,410$514
40 years$9,707$6,115$3,722$2,204$1,279$452
41 years$9,364$5,821$3,490$2,034$1,161$397
42 years$9,039$5,544$3,274$1,877$1,053$349
43 years$8,730$5,282$3,072$1,733$956$307
44 years$8,436$5,035$2,883$1,600$867$270
45 years$8,155$4,801$2,707$1,477$788$237
46 years$7,888$4,580$2,543$1,365$715$209
47 years$7,633$4,371$2,389$1,261$649$183
48 years$7,389$4,173$2,245$1,165$590$161
49 years$7,155$3,985$2,110$1,077$536$142
50 years$6,932$3,806$1,984$995$486$125

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 $4,206 every year, while hoping to spend $58,395 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: 37/49/14 Blend
39$7,100,000$7,100,000$7,100,000$7,100,000
40$7,828,538$7,452,238$7,342,188$8,084,586
41$8,564,918$7,755,266$7,526,020$8,571,612
42$9,374,450$8,071,185$7,714,053$9,091,413
43$10,264,536$8,400,566$7,906,366$9,651,601
44$11,243,329$8,744,003$8,103,039$10,255,819
45$12,319,810$9,102,121$8,304,152$10,908,062
46$13,503,877$9,475,571$8,509,788$11,612,711
47$14,806,433$9,865,035$8,720,026$12,374,575
48$16,239,493$10,271,225$8,934,950$13,198,930
49$17,816,293$10,694,887$9,154,643$14,091,570
50$19,551,418$11,136,800$9,379,187$15,058,853
51$21,460,938$11,597,779$9,608,665$16,107,764
52$23,562,561$12,078,677$9,843,163$17,245,973
53$25,875,797$12,580,387$10,082,763$18,481,906
54$28,422,143$13,103,840$10,327,551$19,824,821
55$31,225,287$13,650,014$10,577,609$21,284,889
56$34,311,331$14,219,929$10,833,023$22,873,291
57$37,709,034$14,814,654$11,093,878$24,602,315
58$41,450,089$15,435,305$11,360,256$26,485,470
59$45,569,416$16,083,052$11,632,242$28,537,607
60$50,105,493$16,759,119$11,909,919$30,775,056
61$55,100,722$17,464,785$12,193,370$33,215,777
62$60,601,826$18,201,389$12,482,678$35,879,521
63$66,660,288$18,970,333$12,777,923$38,788,011
64$73,332,841$19,773,083$13,079,187$41,965,147
65$80,682,000$20,611,173$13,386,550$45,437,218
66$88,776,654$21,486,211$13,700,089$49,233,149
67$97,692,713$22,399,875$14,019,882$53,384,769
68$107,513,826$23,353,925$14,346,005$57,927,099
69$118,332,172$24,350,203$14,678,531$62,898,681
70$130,249,324$25,390,634$15,017,532$68,341,933
71$143,377,215$26,477,234$15,363,080$74,303,540
72$157,839,188$27,612,116$15,715,240$80,834,889
73$173,771,164$28,797,489$16,074,079$87,992,547
74$191,322,921$30,035,664$16,439,660$95,838,781
75$210,659,511$31,329,064$16,812,040$104,442,145
76$231,962,816$32,680,222$17,191,278$113,878,108
77$255,433,262$34,091,792$17,577,425$124,229,766
78$281,291,716$35,566,552$17,970,530$135,588,608
79$309,781,567$37,107,409$18,370,639$148,055,378
80$341,171,023$38,717,408$18,777,791$161,741,003
81$375,755,643$40,399,736$19,192,023$176,767,641
82$413,861,128$42,157,732$19,613,365$193,269,812
83$455,846,391$43,994,890$20,041,841$211,395,661
84$502,106,952$45,914,868$20,477,471$231,308,340
85$553,078,663$47,921,498$20,920,268$253,187,535
86$609,241,828$50,018,792$21,370,238$277,231,149
87$671,125,733$52,210,952$21,827,380$303,657,154
88$739,313,646$54,502,377$22,291,686$332,705,630
89$814,448,318$56,897,674$22,763,137$364,641,021
90$897,238,054$59,401,668$23,241,710$399,754,607
91$988,463,398$62,019,411$23,727,369$438,367,239
92$1,088,984,499$64,756,197$24,220,071$480,832,350
93$1,199,749,234$67,617,567$24,719,759$527,539,268
94$1,321,802,154$70,609,326$25,226,369$578,916,874
95$1,456,294,344$73,737,553$25,739,824$635,437,624
96$1,604,494,292$77,008,618$26,260,032$697,621,994
97$1,767,799,859$80,429,190$26,786,893$766,043,361
98$1,947,751,479$84,006,254$27,320,288$841,333,397
99$2,146,046,699$87,747,130$27,860,087$924,188,003
100$2,364,556,206$91,659,483$28,406,143$1,015,373,852