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%16.1%
1 years$602,827$597,458$592,219$587,105$582,112$567,579
2 years$298,429$292,871$287,485$282,262$277,196$262,647
3 years$196,977$191,395$186,022$180,848$175,865$161,753
4 years$146,260$140,695$135,376$130,291$125,428$111,863
5 years$115,838$110,307$105,057$100,076$95,349$82,368
6 years$95,564$90,074$84,902$80,031$75,446$63,063
7 years$81,087$75,644$70,554$65,798$61,358$49,574
8 years$70,235$64,841$59,835$55,197$50,902$39,712
9 years$61,799$56,456$51,536$47,015$42,867$32,261
10 years$55,054$49,763$44,930$40,528$36,525$26,490
11 years$49,539$44,301$39,556$35,271$31,413$21,935
12 years$44,947$39,762$35,105$30,938$27,221$18,284
13 years$41,064$35,933$31,364$27,313$23,738$15,324
14 years$37,738$32,662$28,181$24,246$20,808$12,899
15 years$34,859$29,838$25,443$21,623$18,321$10,897
16 years$32,342$27,376$23,068$19,361$16,192$9,233
17 years$30,123$25,212$20,991$17,396$14,357$7,843
18 years$28,153$23,297$19,162$15,677$12,766$6,676
19 years$26,393$21,591$17,542$14,165$11,378$5,692
20 years$24,810$20,064$16,099$12,830$10,163$4,861
21 years$23,381$18,689$14,808$11,644$9,095$4,156
22 years$22,082$17,445$13,648$10,587$8,153$3,557
23 years$20,899$16,316$12,602$9,642$7,318$3,048
24 years$19,816$15,287$11,654$8,794$6,578$2,613
25 years$18,821$14,346$10,794$8,031$5,919$2,242
26 years$17,904$13,483$10,011$7,343$5,332$1,924
27 years$17,056$12,689$9,296$6,721$4,807$1,653
28 years$16,270$11,957$8,642$6,158$4,337$1,420
29 years$15,540$11,280$8,042$5,647$3,916$1,220
30 years$14,860$10,653$7,491$5,183$3,539$1,049
31 years$14,225$10,070$6,984$4,760$3,199$902
32 years$13,630$9,529$6,516$4,374$2,894$776
33 years$13,073$9,024$6,084$4,023$2,619$668
34 years$12,550$8,552$5,684$3,701$2,371$574
35 years$12,058$8,112$5,314$3,407$2,148$494
36 years$11,594$7,699$4,972$3,138$1,946$426
37 years$11,156$7,313$4,653$2,891$1,764$366
38 years$10,743$6,950$4,358$2,665$1,599$315
39 years$10,351$6,608$4,083$2,457$1,450$271
40 years$9,980$6,287$3,827$2,266$1,315$234
41 years$9,628$5,985$3,588$2,091$1,193$201
42 years$9,294$5,700$3,366$1,930$1,083$173
43 years$8,976$5,431$3,158$1,781$983$149
44 years$8,673$5,177$2,965$1,645$892$128
45 years$8,385$4,936$2,784$1,519$810$111
46 years$8,110$4,709$2,615$1,403$735$95
47 years$7,848$4,494$2,456$1,296$668$82
48 years$7,597$4,290$2,308$1,198$606$71
49 years$7,357$4,097$2,170$1,107$551$61
50 years$7,127$3,913$2,040$1,023$500$52

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 $4,991 every year, while hoping to spend $37,486 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: 53/32/15 Blend
39$7,300,000$7,300,000$7,300,000$7,300,000
40$8,049,748$7,662,848$7,549,698$8,443,808
41$8,830,938$7,998,443$7,762,728$9,049,114
42$9,690,552$8,349,225$7,981,639$9,702,961
43$10,636,551$8,715,900$8,206,586$10,413,536
44$11,677,706$9,099,206$8,437,733$11,186,234
45$12,823,679$9,499,914$8,675,244$12,026,985
46$14,085,119$9,918,835$8,919,290$12,942,304
47$15,473,759$10,356,815$9,170,044$13,939,357
48$17,002,527$10,814,744$9,427,685$15,026,021
49$18,685,668$11,293,550$9,692,396$16,210,955
50$20,538,880$11,794,207$9,964,364$17,503,685
51$22,579,458$12,317,735$10,243,783$18,914,684
52$24,826,462$12,865,204$10,530,849$20,455,474
53$27,300,893$13,437,731$10,825,764$22,138,727
54$30,025,893$14,036,489$11,128,737$23,978,387
55$33,026,963$14,662,705$11,439,978$25,989,791
56$36,332,202$15,317,667$11,759,707$28,189,818
57$39,972,576$16,002,722$12,088,146$30,597,039
58$43,982,204$16,719,281$12,425,524$33,231,893
59$48,398,685$17,468,822$12,772,076$36,116,873
60$53,263,452$18,252,895$13,128,041$39,276,734
61$58,622,161$19,073,123$13,493,667$42,738,726
62$64,525,121$19,931,206$13,869,204$46,532,842
63$71,027,773$20,828,926$14,254,913$50,692,103
64$78,191,211$21,768,148$14,651,057$55,252,856
65$86,082,755$22,750,827$15,057,908$60,255,121
66$94,776,592$23,779,014$15,475,744$65,742,958
67$104,354,472$24,854,853$15,904,849$71,764,879
68$114,906,482$25,980,595$16,345,516$78,374,299
69$126,531,895$27,158,596$16,798,042$85,630,039
70$139,340,106$28,391,324$17,262,734$93,596,867
71$153,451,665$29,681,368$17,739,904$102,346,111
72$168,999,418$31,031,438$18,229,874$111,956,319
73$186,129,756$32,444,376$18,732,972$122,513,998
74$205,003,999$33,923,158$19,249,535$134,114,419
75$225,799,919$35,470,905$19,779,906$146,862,514
76$248,713,416$37,090,884$20,324,438$160,873,851
77$273,960,370$38,786,523$20,883,492$176,275,724
78$301,778,675$40,561,411$21,457,437$193,208,341
79$332,430,490$42,419,310$22,046,651$211,826,138
80$366,204,708$44,364,163$22,651,521$232,299,232
81$403,419,684$46,400,103$23,272,443$254,815,008
82$444,426,244$48,531,460$23,909,822$279,579,888
83$489,610,992$50,762,773$24,564,072$306,821,259
84$539,399,962$53,098,798$25,235,618$336,789,614
85$594,262,640$55,544,521$25,924,893$369,760,901
86$654,716,393$58,105,167$26,632,341$406,039,117
87$721,331,357$60,786,211$27,358,416$445,959,165
88$794,735,814$63,593,394$28,103,581$489,889,998
89$875,622,129$66,532,732$28,868,313$538,238,092
90$964,753,280$69,610,531$29,653,096$591,451,265
91$1,062,970,067$72,833,399$30,458,426$650,022,889
92$1,171,199,042$76,208,263$31,284,812$714,496,532
93$1,290,461,262$79,742,386$32,132,771$785,471,071
94$1,421,881,926$83,443,379$33,002,835$863,606,326
95$1,566,700,997$87,319,219$33,895,544$949,629,273
96$1,726,284,908$91,378,269$34,811,454$1,044,340,884
97$1,902,139,460$95,629,296$35,751,129$1,148,623,669
98$2,095,924,041$100,081,488$36,715,148$1,263,449,984
99$2,309,467,290$104,744,478$37,704,102$1,389,891,189
100$2,544,784,359$109,628,362$38,718,595$1,529,127,737