Can I retire at age 40 with 7,300,000?

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 $7,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$602,827$597,458$592,219$587,105$582,112$577,235
2 years$298,429$292,871$287,485$282,262$277,196$272,281
3 years$196,977$191,395$186,022$180,848$175,865$171,063
4 years$146,260$140,695$135,376$130,291$125,428$120,777
5 years$115,838$110,307$105,057$100,076$95,349$90,862
6 years$95,564$90,074$84,902$80,031$75,446$71,130
7 years$81,087$75,644$70,554$65,798$61,358$57,214
8 years$70,235$64,841$59,835$55,197$50,902$46,931
9 years$61,799$56,456$51,536$47,015$42,867$39,067
10 years$55,054$49,763$44,930$40,528$36,525$32,893
11 years$49,539$44,301$39,556$35,271$31,413$27,947
12 years$44,947$39,762$35,105$30,938$27,221$23,919
13 years$41,064$35,933$31,364$27,313$23,738$20,594
14 years$37,738$32,662$28,181$24,246$20,808$17,820
15 years$34,859$29,838$25,443$21,623$18,321$15,484
16 years$32,342$27,376$23,068$19,361$16,192$13,502
17 years$30,123$25,212$20,991$17,396$14,357$11,808
18 years$28,153$23,297$19,162$15,677$12,766$10,354
19 years$26,393$21,591$17,542$14,165$11,378$9,099
20 years$24,810$20,064$16,099$12,830$10,163$8,011
21 years$23,381$18,689$14,808$11,644$9,095$7,065
22 years$22,082$17,445$13,648$10,587$8,153$6,240
23 years$20,899$16,316$12,602$9,642$7,318$5,518
24 years$19,816$15,287$11,654$8,794$6,578$4,885
25 years$18,821$14,346$10,794$8,031$5,919$4,329
26 years$17,904$13,483$10,011$7,343$5,332$3,840
27 years$17,056$12,689$9,296$6,721$4,807$3,408
28 years$16,270$11,957$8,642$6,158$4,337$3,027
29 years$15,540$11,280$8,042$5,647$3,916$2,690
30 years$14,860$10,653$7,491$5,183$3,539$2,392
31 years$14,225$10,070$6,984$4,760$3,199$2,128
32 years$13,630$9,529$6,516$4,374$2,894$1,894
33 years$13,073$9,024$6,084$4,023$2,619$1,686
34 years$12,550$8,552$5,684$3,701$2,371$1,501
35 years$12,058$8,112$5,314$3,407$2,148$1,337
36 years$11,594$7,699$4,972$3,138$1,946$1,191
37 years$11,156$7,313$4,653$2,891$1,764$1,062
38 years$10,743$6,950$4,358$2,665$1,599$947
39 years$10,351$6,608$4,083$2,457$1,450$844
40 years$9,980$6,287$3,827$2,266$1,315$752
41 years$9,628$5,985$3,588$2,091$1,193$671
42 years$9,294$5,700$3,366$1,930$1,083$599
43 years$8,976$5,431$3,158$1,781$983$534
44 years$8,673$5,177$2,965$1,645$892$476
45 years$8,385$4,936$2,784$1,519$810$425
46 years$8,110$4,709$2,615$1,403$735$379
47 years$7,848$4,494$2,456$1,296$668$338
48 years$7,597$4,290$2,308$1,198$606$302
49 years$7,357$4,097$2,170$1,107$551$269
50 years$7,127$3,913$2,040$1,023$500$241

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $7,300,000, adding $5,555 every year, while hoping to spend $26,164 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: 27/49/24 Blend
39$7,300,000$7,300,000$7,300,000$7,300,000
40$8,050,330$7,663,430$7,550,280$8,206,805
41$8,843,625$8,011,100$7,775,376$8,679,381
42$9,716,960$8,374,928$8,007,136$9,183,782
43$10,678,470$8,755,680$8,245,755$9,724,821
44$11,737,121$9,154,156$8,491,435$10,305,627
45$12,902,793$9,571,194$8,744,383$10,929,621
46$14,186,369$10,007,675$9,004,812$11,600,548
47$15,599,847$10,464,519$9,272,942$12,322,505
48$17,156,444$10,942,692$9,548,997$13,099,976
49$18,870,723$11,443,207$9,833,211$13,937,873
50$20,758,735$11,967,122$10,125,822$14,841,576
51$22,838,166$12,515,550$10,427,076$15,816,980
52$25,128,502$13,089,656$10,737,226$16,870,544
53$27,651,219$13,690,659$11,056,534$18,009,349
54$30,429,981$14,319,839$11,385,265$19,241,161
55$33,490,865$14,978,537$11,723,697$20,574,496
56$36,862,605$15,668,157$12,072,113$22,018,697
57$40,576,866$16,390,172$12,430,804$23,584,014
58$44,668,541$17,146,125$12,800,071$25,281,698
59$49,176,082$17,937,635$13,180,222$27,124,096
60$54,141,859$18,766,396$13,571,577$29,124,768
61$59,612,565$19,634,185$13,974,461$31,298,600
62$65,639,652$20,542,866$14,389,210$33,661,942
63$72,279,820$21,494,390$14,816,173$36,232,754
64$79,595,550$22,490,803$15,255,703$39,030,768
65$87,655,695$23,534,252$15,708,168$42,077,662
66$96,536,129$24,626,983$16,173,945$45,397,263
67$106,320,464$25,771,355$16,653,421$49,015,755
68$117,100,836$26,969,836$17,146,996$52,961,922
69$128,978,780$28,225,017$17,655,080$57,267,407
70$142,066,185$29,539,612$18,178,094$61,967,001
71$156,486,350$30,916,467$18,716,474$67,098,962
72$172,375,148$32,358,564$19,270,666$72,705,362
73$189,882,310$33,869,031$19,841,131$78,832,473
74$209,172,837$35,451,145$20,428,340$85,531,190
75$230,428,557$37,108,342$21,032,780$92,857,504
76$253,849,844$38,844,224$21,654,952$100,873,008
77$279,657,505$40,662,568$22,295,370$109,645,471
78$308,094,870$42,567,333$22,954,564$119,249,459
79$339,430,083$44,562,669$23,633,078$129,767,024
80$373,958,638$46,652,927$24,331,473$141,288,463
81$412,006,167$48,842,668$25,050,325$153,913,153
82$453,931,511$51,136,674$25,790,226$167,750,468
83$500,130,113$53,539,959$26,551,787$182,920,796
84$551,037,747$56,057,779$27,335,634$199,556,656
85$607,134,632$58,695,645$28,142,412$217,803,924
86$668,949,967$61,459,334$28,972,785$237,823,193
87$737,066,925$64,354,903$29,827,435$259,791,262
88$812,128,161$67,388,702$30,707,064$283,902,786
89$894,841,875$70,567,391$31,612,393$310,372,085
90$985,988,503$73,897,950$32,544,165$339,435,142
91$1,086,428,079$77,387,698$33,503,143$371,351,802
92$1,197,108,357$81,044,310$34,490,112$406,408,201
93$1,319,073,759$84,875,830$35,505,880$444,919,432
94$1,453,475,233$88,890,696$36,551,278$487,232,491
95$1,601,581,120$93,097,753$37,627,159$533,729,517
96$1,764,789,126$97,506,276$38,734,401$584,831,371
97$1,944,639,522$102,125,988$39,873,908$641,001,567
98$2,142,829,677$106,967,085$41,046,608$702,750,612
99$2,361,230,092$112,040,260$42,253,457$770,640,787
100$2,601,902,050$117,356,722$43,495,437$845,291,412