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%12.6%
1 years$602,827$597,458$592,219$587,105$582,112$575,794
2 years$298,429$292,871$287,485$282,262$277,196$270,834
3 years$196,977$191,395$186,022$180,848$175,865$169,657
4 years$146,260$140,695$135,376$130,291$125,428$119,422
5 years$115,838$110,307$105,057$100,076$95,349$89,562
6 years$95,564$90,074$84,902$80,031$75,446$69,886
7 years$81,087$75,644$70,554$65,798$61,358$56,026
8 years$70,235$64,841$59,835$55,197$50,902$45,799
9 years$61,799$56,456$51,536$47,015$42,867$37,991
10 years$55,054$49,763$44,930$40,528$36,525$31,872
11 years$49,539$44,301$39,556$35,271$31,413$26,979
12 years$44,947$39,762$35,105$30,938$27,221$23,003
13 years$41,064$35,933$31,364$27,313$23,738$19,729
14 years$37,738$32,662$28,181$24,246$20,808$17,004
15 years$34,859$29,838$25,443$21,623$18,321$14,715
16 years$32,342$27,376$23,068$19,361$16,192$12,778
17 years$30,123$25,212$20,991$17,396$14,357$11,129
18 years$28,153$23,297$19,162$15,677$12,766$9,717
19 years$26,393$21,591$17,542$14,165$11,378$8,502
20 years$24,810$20,064$16,099$12,830$10,163$7,453
21 years$23,381$18,689$14,808$11,644$9,095$6,544
22 years$22,082$17,445$13,648$10,587$8,153$5,754
23 years$20,899$16,316$12,602$9,642$7,318$5,065
24 years$19,816$15,287$11,654$8,794$6,578$4,463
25 years$18,821$14,346$10,794$8,031$5,919$3,937
26 years$17,904$13,483$10,011$7,343$5,332$3,475
27 years$17,056$12,689$9,296$6,721$4,807$3,070
28 years$16,270$11,957$8,642$6,158$4,337$2,713
29 years$15,540$11,280$8,042$5,647$3,916$2,400
30 years$14,860$10,653$7,491$5,183$3,539$2,123
31 years$14,225$10,070$6,984$4,760$3,199$1,880
32 years$13,630$9,529$6,516$4,374$2,894$1,664
33 years$13,073$9,024$6,084$4,023$2,619$1,474
34 years$12,550$8,552$5,684$3,701$2,371$1,306
35 years$12,058$8,112$5,314$3,407$2,148$1,158
36 years$11,594$7,699$4,972$3,138$1,946$1,026
37 years$11,156$7,313$4,653$2,891$1,764$910
38 years$10,743$6,950$4,358$2,665$1,599$807
39 years$10,351$6,608$4,083$2,457$1,450$716
40 years$9,980$6,287$3,827$2,266$1,315$635
41 years$9,628$5,985$3,588$2,091$1,193$564
42 years$9,294$5,700$3,366$1,930$1,083$500
43 years$8,976$5,431$3,158$1,781$983$444
44 years$8,673$5,177$2,965$1,645$892$394
45 years$8,385$4,936$2,784$1,519$810$350
46 years$8,110$4,709$2,615$1,403$735$310
47 years$7,848$4,494$2,456$1,296$668$275
48 years$7,597$4,290$2,308$1,198$606$244
49 years$7,357$4,097$2,170$1,107$551$217
50 years$7,127$3,913$2,040$1,023$500$193

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 $6,465 every year, while hoping to spend $20,293 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: 31/46/23 Blend
39$7,300,000$7,300,000$7,300,000$7,300,000
40$8,051,269$7,664,369$7,551,219$8,243,389
41$8,850,906$8,018,331$7,782,593$8,744,109
42$9,731,427$8,388,958$8,021,038$9,280,476
43$10,701,059$8,777,043$8,266,769$9,857,444
44$11,768,871$9,183,421$8,520,009$10,478,565
45$12,944,852$9,608,966$8,780,986$11,147,727
46$14,240,014$10,054,592$9,049,936$11,869,191
47$15,666,487$10,521,259$9,327,101$12,647,621
48$17,237,642$11,009,974$9,612,732$13,488,130
49$18,968,210$11,521,791$9,907,087$14,396,321
50$20,874,424$12,057,815$10,210,431$15,378,335
51$22,974,172$12,619,205$10,523,038$16,440,908
52$25,287,168$13,207,176$10,845,189$17,591,428
53$27,835,132$13,823,001$11,177,176$18,837,997
54$30,642,002$14,468,015$11,519,298$20,189,510
55$33,734,155$15,143,616$11,871,863$21,655,726
56$37,140,657$15,851,272$12,235,189$23,247,357
57$40,893,540$16,592,520$12,609,604$24,976,165
58$45,028,099$17,368,971$12,995,444$26,855,068
59$49,583,232$18,182,317$13,393,057$28,898,250
60$54,601,799$19,034,328$13,802,802$31,121,294
61$60,131,034$19,926,862$14,225,048$33,541,320
62$66,222,986$20,861,865$14,660,174$36,177,139
63$72,935,013$21,841,379$15,108,572$39,049,424
64$80,330,321$22,867,543$15,570,646$42,180,895
65$88,478,562$23,942,601$16,046,811$45,596,528
66$97,456,493$25,068,906$16,537,496$49,323,783
67$107,348,695$26,248,922$17,043,142$53,392,848
68$118,248,379$27,485,236$17,564,205$57,836,922
69$130,258,259$28,780,558$18,101,151$62,692,514
70$143,491,526$30,137,730$18,654,464$67,999,778
71$158,072,915$31,559,732$19,224,642$73,802,882
72$174,139,880$33,049,687$19,812,195$80,150,413
73$191,843,897$34,610,871$20,417,653$87,095,824
74$211,351,889$36,246,718$21,041,559$94,697,925
75$232,847,804$37,960,830$21,684,473$103,021,427
76$256,534,350$39,756,980$22,346,973$112,137,540
77$282,634,909$41,639,127$23,029,652$122,124,625
78$311,395,648$43,611,423$23,733,124$133,068,928
79$343,087,840$45,678,219$24,458,019$145,065,370
80$378,010,425$47,844,077$25,204,989$158,218,432
81$416,492,835$50,113,783$25,974,702$172,643,122
82$458,898,098$52,492,352$26,767,848$188,466,043
83$505,626,272$54,985,046$27,585,140$205,826,571
84$557,118,219$57,597,380$28,427,308$224,878,148
85$613,859,763$60,335,137$29,295,109$245,789,711
86$676,386,282$63,204,382$30,189,318$268,747,269
87$745,287,760$66,211,474$31,110,738$293,955,630
88$821,214,356$69,363,081$32,060,192$321,640,316
89$904,882,543$72,666,195$33,038,531$352,049,663
90$997,081,872$76,128,148$34,046,631$385,457,145
91$1,098,682,423$79,756,627$35,085,394$422,163,924
92$1,210,643,024$83,559,695$36,155,748$462,501,664
93$1,334,020,298$87,545,806$37,258,652$506,835,636
94$1,469,978,642$91,723,825$38,395,091$555,568,135
95$1,619,801,219$96,103,047$39,566,081$609,142,242
96$1,784,902,067$100,693,221$40,772,669$668,045,973
97$1,966,839,458$105,504,569$42,015,933$732,816,854
98$2,167,330,600$110,547,810$43,296,984$804,046,954
99$2,388,267,855$115,834,186$44,616,967$882,388,440
100$2,631,736,599$121,375,484$45,977,058$968,559,685