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

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 $7,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$602,827$597,458$592,219$587,105$582,112$573,413
2 years$298,429$292,871$287,485$282,262$277,196$268,452
3 years$196,977$191,395$186,022$180,848$175,865$167,347
4 years$146,260$140,695$135,376$130,291$125,428$117,203
5 years$115,838$110,307$105,057$100,076$95,349$87,439
6 years$95,564$90,074$84,902$80,031$75,446$67,862
7 years$81,087$75,644$70,554$65,798$61,358$54,101
8 years$70,235$64,841$59,835$55,197$50,902$43,972
9 years$61,799$56,456$51,536$47,015$42,867$36,260
10 years$55,054$49,763$44,930$40,528$36,525$30,236
11 years$49,539$44,301$39,556$35,271$31,413$25,436
12 years$44,947$39,762$35,105$30,938$27,221$21,549
13 years$41,064$35,933$31,364$27,313$23,738$18,362
14 years$37,738$32,662$28,181$24,246$20,808$15,720
15 years$34,859$29,838$25,443$21,623$18,321$13,512
16 years$32,342$27,376$23,068$19,361$16,192$11,653
17 years$30,123$25,212$20,991$17,396$14,357$10,078
18 years$28,153$23,297$19,162$15,677$12,766$8,736
19 years$26,393$21,591$17,542$14,165$11,378$7,588
20 years$24,810$20,064$16,099$12,830$10,163$6,603
21 years$23,381$18,689$14,808$11,644$9,095$5,754
22 years$22,082$17,445$13,648$10,587$8,153$5,021
23 years$20,899$16,316$12,602$9,642$7,318$4,386
24 years$19,816$15,287$11,654$8,794$6,578$3,835
25 years$18,821$14,346$10,794$8,031$5,919$3,356
26 years$17,904$13,483$10,011$7,343$5,332$2,939
27 years$17,056$12,689$9,296$6,721$4,807$2,576
28 years$16,270$11,957$8,642$6,158$4,337$2,258
29 years$15,540$11,280$8,042$5,647$3,916$1,981
30 years$14,860$10,653$7,491$5,183$3,539$1,739
31 years$14,225$10,070$6,984$4,760$3,199$1,527
32 years$13,630$9,529$6,516$4,374$2,894$1,341
33 years$13,073$9,024$6,084$4,023$2,619$1,178
34 years$12,550$8,552$5,684$3,701$2,371$1,035
35 years$12,058$8,112$5,314$3,407$2,148$909
36 years$11,594$7,699$4,972$3,138$1,946$799
37 years$11,156$7,313$4,653$2,891$1,764$703
38 years$10,743$6,950$4,358$2,665$1,599$618
39 years$10,351$6,608$4,083$2,457$1,450$544
40 years$9,980$6,287$3,827$2,266$1,315$478
41 years$9,628$5,985$3,588$2,091$1,193$421
42 years$9,294$5,700$3,366$1,930$1,083$370
43 years$8,976$5,431$3,158$1,781$983$325
44 years$8,673$5,177$2,965$1,645$892$286
45 years$8,385$4,936$2,784$1,519$810$252
46 years$8,110$4,709$2,615$1,403$735$222
47 years$7,848$4,494$2,456$1,296$668$195
48 years$7,597$4,290$2,308$1,198$606$172
49 years$7,357$4,097$2,170$1,107$551$151
50 years$7,127$3,913$2,040$1,023$500$133

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 $2,466 every year, while hoping to spend $21,808 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: 31/42/27 Blend
39$7,300,000$7,300,000$7,300,000$7,300,000
40$8,047,144$7,660,244$7,547,094$8,229,838
41$8,844,749$8,012,392$7,776,718$8,723,118
42$9,722,979$8,381,065$8,013,303$9,251,632
43$10,690,034$8,767,049$8,257,061$9,820,119
44$11,754,952$9,171,168$8,508,206$10,432,092
45$12,927,688$9,594,287$8,766,963$11,091,394
46$14,219,217$10,037,311$9,033,560$11,802,237
47$15,641,628$10,501,190$9,308,235$12,569,236
48$17,208,244$10,986,919$9,591,232$13,397,448
49$18,933,747$11,495,540$9,882,800$14,292,419
50$20,834,315$12,028,147$10,183,199$15,260,229
51$22,927,774$12,585,886$10,492,696$16,307,548
52$25,233,770$13,169,957$10,811,564$17,441,692
53$27,773,949$13,781,619$11,140,086$18,670,689
54$30,572,166$14,422,192$11,478,553$20,003,352
55$33,654,707$15,093,060$11,827,264$21,449,354
56$37,050,539$15,795,672$12,186,529$23,019,315
57$40,791,582$16,531,548$12,556,666$24,724,899
58$44,913,011$17,302,281$12,938,002$26,578,914
59$49,453,587$18,109,542$13,330,874$28,595,434
60$54,456,025$18,955,081$13,735,630$30,789,917
61$59,967,393$19,840,734$14,152,628$33,179,354
62$66,039,562$20,768,425$14,582,236$35,782,414
63$72,729,691$21,740,171$15,024,834$38,619,618
64$80,100,766$22,758,087$15,480,813$41,713,525
65$88,222,200$23,824,389$15,950,576$45,088,937
66$97,170,481$24,941,400$16,434,537$48,773,123
67$107,029,900$26,111,559$16,933,124$52,796,072
68$117,893,343$27,337,418$17,446,776$57,190,762
69$129,863,168$28,621,656$17,975,947$61,993,469
70$143,052,173$29,967,079$18,521,104$67,244,094
71$157,584,661$31,376,632$19,082,726$72,986,531
72$173,597,608$32,853,399$19,661,310$79,269,073
73$191,241,965$34,400,616$20,257,365$86,144,854
74$210,684,074$36,021,675$20,871,415$93,672,342
75$232,107,245$37,720,132$21,504,002$101,915,876
76$255,713,480$39,499,715$22,155,683$110,946,264
77$281,725,388$41,364,334$22,827,031$120,841,434
78$310,388,278$43,318,086$23,518,637$131,687,161
79$341,972,480$45,365,270$24,231,109$143,577,857
80$376,775,895$47,510,391$24,965,073$156,617,452
81$415,126,809$49,758,172$25,721,176$170,920,355
82$457,386,989$52,113,568$26,500,080$186,612,522
83$503,955,100$54,581,771$27,302,471$203,832,624
84$555,270,470$57,168,228$28,129,054$222,733,340
85$611,817,234$59,878,647$28,980,553$243,482,779
86$674,128,907$62,719,016$29,857,717$266,266,045
87$742,793,419$65,695,612$30,761,314$291,286,970
88$818,458,668$68,815,016$31,692,138$318,770,008
89$901,838,632$72,084,132$32,651,005$348,962,337
90$993,720,114$75,510,196$33,638,755$382,136,169
91$1,094,970,166$79,100,796$34,656,253$418,591,291
92$1,206,544,277$82,863,889$35,704,392$458,657,872
93$1,329,495,393$86,807,819$36,784,089$502,699,550
94$1,464,983,856$90,941,336$37,896,289$551,116,842
95$1,614,288,360$95,273,612$39,041,966$604,350,888
96$1,778,818,022$99,814,269$40,222,121$662,887,589
97$1,960,125,686$104,573,393$41,437,788$727,262,160
98$2,159,922,581$109,561,564$42,690,028$798,064,150
99$2,380,094,477$114,789,874$43,979,937$875,942,966
100$2,622,719,490$120,269,954$45,308,641$961,613,976