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%12.3%
1 years$602,827$597,458$592,219$587,105$582,112$576,513
2 years$298,429$292,871$287,485$282,262$277,196$271,556
3 years$196,977$191,395$186,022$180,848$175,865$170,358
4 years$146,260$140,695$135,376$130,291$125,428$120,097
5 years$115,838$110,307$105,057$100,076$95,349$90,210
6 years$95,564$90,074$84,902$80,031$75,446$70,505
7 years$81,087$75,644$70,554$65,798$61,358$56,617
8 years$70,235$64,841$59,835$55,197$50,902$46,362
9 years$61,799$56,456$51,536$47,015$42,867$38,525
10 years$55,054$49,763$44,930$40,528$36,525$32,379
11 years$49,539$44,301$39,556$35,271$31,413$27,459
12 years$44,947$39,762$35,105$30,938$27,221$23,457
13 years$41,064$35,933$31,364$27,313$23,738$20,157
14 years$37,738$32,662$28,181$24,246$20,808$17,407
15 years$34,859$29,838$25,443$21,623$18,321$15,095
16 years$32,342$27,376$23,068$19,361$16,192$13,135
17 years$30,123$25,212$20,991$17,396$14,357$11,464
18 years$28,153$23,297$19,162$15,677$12,766$10,031
19 years$26,393$21,591$17,542$14,165$11,378$8,796
20 years$24,810$20,064$16,099$12,830$10,163$7,728
21 years$23,381$18,689$14,808$11,644$9,095$6,800
22 years$22,082$17,445$13,648$10,587$8,153$5,992
23 years$20,899$16,316$12,602$9,642$7,318$5,287
24 years$19,816$15,287$11,654$8,794$6,578$4,670
25 years$18,821$14,346$10,794$8,031$5,919$4,129
26 years$17,904$13,483$10,011$7,343$5,332$3,653
27 years$17,056$12,689$9,296$6,721$4,807$3,235
28 years$16,270$11,957$8,642$6,158$4,337$2,866
29 years$15,540$11,280$8,042$5,647$3,916$2,541
30 years$14,860$10,653$7,491$5,183$3,539$2,254
31 years$14,225$10,070$6,984$4,760$3,199$2,000
32 years$13,630$9,529$6,516$4,374$2,894$1,775
33 years$13,073$9,024$6,084$4,023$2,619$1,577
34 years$12,550$8,552$5,684$3,701$2,371$1,401
35 years$12,058$8,112$5,314$3,407$2,148$1,244
36 years$11,594$7,699$4,972$3,138$1,946$1,106
37 years$11,156$7,313$4,653$2,891$1,764$983
38 years$10,743$6,950$4,358$2,665$1,599$874
39 years$10,351$6,608$4,083$2,457$1,450$777
40 years$9,980$6,287$3,827$2,266$1,315$691
41 years$9,628$5,985$3,588$2,091$1,193$615
42 years$9,294$5,700$3,366$1,930$1,083$547
43 years$8,976$5,431$3,158$1,781$983$487
44 years$8,673$5,177$2,965$1,645$892$433
45 years$8,385$4,936$2,784$1,519$810$385
46 years$8,110$4,709$2,615$1,403$735$343
47 years$7,848$4,494$2,456$1,296$668$305
48 years$7,597$4,290$2,308$1,198$606$272
49 years$7,357$4,097$2,170$1,107$551$242
50 years$7,127$3,913$2,040$1,023$500$215

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 $4,448 every year, while hoping to spend $21,159 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: 44/49/7 Blend
39$7,300,000$7,300,000$7,300,000$7,300,000
40$8,049,188$7,662,288$7,549,138$8,387,199
41$8,847,692$8,015,227$7,779,521$8,974,389
42$9,726,935$8,384,751$8,016,913$9,607,880
43$10,695,128$8,771,650$8,261,526$10,293,956
44$11,761,323$9,176,753$8,513,579$11,037,448
45$12,935,492$9,600,927$8,773,297$11,843,654
46$14,228,623$10,045,083$9,040,913$12,718,385
47$15,652,825$10,510,175$9,316,666$13,668,023
48$17,221,441$10,997,202$9,600,803$14,699,567
49$18,949,175$11,507,212$9,893,577$15,820,704
50$20,852,230$12,041,304$10,195,250$17,039,875
51$22,948,458$12,600,629$10,506,092$18,366,347
52$25,257,534$13,186,393$10,826,380$19,810,302
53$27,801,139$13,799,863$11,156,400$21,382,921
54$30,603,163$14,442,364$11,496,447$23,096,492
55$33,689,932$15,115,286$11,846,824$24,964,516
56$37,090,456$15,820,086$12,207,844$27,001,833
57$40,836,705$16,558,293$12,579,829$29,224,751
58$44,963,906$17,331,506$12,963,111$31,651,200
59$49,510,880$18,141,406$13,358,031$34,300,889
60$54,520,407$18,989,751$13,764,942$37,195,493
61$60,039,626$19,878,387$14,184,205$40,358,842
62$66,120,488$20,809,248$14,616,196$43,817,148
63$72,820,237$21,784,360$15,061,298$47,599,238
64$80,201,957$22,805,850$15,519,907$51,736,821
65$88,335,166$23,875,946$15,992,433$56,264,779
66$97,296,469$24,996,984$16,479,296$61,221,488
67$107,170,286$26,171,412$16,980,929$66,649,173
68$118,049,643$27,401,800$17,497,778$72,594,292
69$130,037,056$28,690,837$18,030,304$79,107,969
70$143,245,496$30,041,348$18,578,978$86,246,468
71$157,799,453$31,456,291$19,144,291$94,071,707
72$173,836,115$32,938,767$19,726,743$102,651,837
73$191,506,662$34,492,031$20,326,852$112,061,872
74$210,977,692$36,119,490$20,945,152$122,384,383
75$232,432,794$37,824,722$21,582,192$133,710,266
76$256,074,280$39,611,475$22,238,537$146,139,587
77$282,125,098$41,483,679$22,914,769$159,782,511
78$310,830,934$43,445,455$23,611,489$174,760,327
79$342,462,531$45,501,124$24,329,316$191,206,580
80$377,318,246$47,655,216$25,068,885$209,268,313
81$415,726,867$49,912,481$25,830,853$229,107,436
82$458,050,716$52,277,901$26,615,894$250,902,242
83$504,689,068$54,756,697$27,424,706$274,849,065
84$556,081,923$57,354,345$28,258,003$301,164,120
85$612,714,158$60,076,587$29,116,525$330,085,520
86$675,120,105$62,929,443$30,001,032$361,875,499
87$743,888,595$65,919,225$30,912,306$396,822,873
88$819,668,518$69,052,554$31,851,155$435,245,736
89$903,174,947$72,336,369$32,818,409$477,494,440
90$995,195,889$75,777,949$33,814,923$523,954,877
91$1,096,599,726$79,384,924$34,841,579$575,052,095
92$1,208,343,411$83,165,298$35,899,284$631,254,281
93$1,331,481,502$87,127,461$36,988,974$693,077,149
94$1,467,176,122$91,280,213$38,111,611$761,088,783
95$1,616,707,923$95,632,780$39,268,186$835,914,960
96$1,781,488,182$100,194,838$40,459,722$918,245,026
97$1,963,072,124$104,976,532$41,687,270$1,008,838,372
98$2,163,173,600$109,988,502$42,951,913$1,108,531,556
99$2,383,681,273$115,241,904$44,254,768$1,218,246,168
100$2,626,676,443$120,748,437$45,596,983$1,338,997,487