Can I retire at age 40 with 7,500,000?

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 $7,500,000?

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$619,343$613,826$608,444$603,190$598,061$593,050
2 years$306,605$300,895$295,361$289,995$284,791$279,740
3 years$202,373$196,638$191,118$185,803$180,683$175,750
4 years$150,267$144,550$139,085$133,860$128,865$124,086
5 years$119,012$113,329$107,936$102,818$97,961$93,352
6 years$98,182$92,542$87,228$82,224$77,513$73,079
7 years$83,309$77,716$72,487$67,601$63,039$58,782
8 years$72,160$66,617$61,475$56,709$52,297$48,217
9 years$63,492$58,002$52,948$48,303$44,041$40,137
10 years$56,562$51,126$46,161$41,638$37,526$33,794
11 years$50,896$45,515$40,640$36,237$32,273$28,713
12 years$46,178$40,851$36,067$31,785$27,967$24,574
13 years$42,189$36,918$32,223$28,062$24,388$21,158
14 years$38,772$33,557$28,953$24,910$21,378$18,308
15 years$35,814$30,655$26,140$22,215$18,823$15,908
16 years$33,228$28,126$23,700$19,891$16,636$13,871
17 years$30,948$25,903$21,566$17,872$14,751$12,132
18 years$28,925$23,935$19,687$16,106$13,116$10,638
19 years$27,116$22,183$18,023$14,554$11,690$9,348
20 years$25,490$20,613$16,540$13,181$10,442$8,231
21 years$24,021$19,201$15,214$11,963$9,344$7,259
22 years$22,687$17,923$14,022$10,877$8,376$6,411
23 years$21,471$16,763$12,947$9,906$7,519$5,670
24 years$20,358$15,706$11,974$9,035$6,758$5,019
25 years$19,336$14,739$11,090$8,251$6,081$4,448
26 years$18,394$13,852$10,285$7,544$5,478$3,945
27 years$17,523$13,037$9,551$6,905$4,939$3,501
28 years$16,716$12,284$8,879$6,327$4,456$3,110
29 years$15,966$11,589$8,262$5,802$4,024$2,764
30 years$15,267$10,945$7,696$5,325$3,636$2,457
31 years$14,614$10,346$7,175$4,890$3,287$2,186
32 years$14,004$9,790$6,694$4,494$2,973$1,945
33 years$13,431$9,271$6,251$4,133$2,691$1,732
34 years$12,894$8,787$5,840$3,803$2,436$1,542
35 years$12,388$8,334$5,460$3,500$2,207$1,374
36 years$11,912$7,910$5,108$3,224$1,999$1,224
37 years$11,462$7,513$4,781$2,970$1,812$1,091
38 years$11,037$7,140$4,477$2,738$1,643$972
39 years$10,635$6,789$4,194$2,524$1,490$867
40 years$10,254$6,460$3,931$2,328$1,351$773
41 years$9,892$6,149$3,686$2,148$1,226$689
42 years$9,549$5,856$3,458$1,983$1,112$615
43 years$9,222$5,580$3,245$1,830$1,010$549
44 years$8,911$5,319$3,046$1,690$916$489
45 years$8,615$5,072$2,860$1,561$832$437
46 years$8,332$4,838$2,686$1,442$755$390
47 years$8,063$4,617$2,524$1,332$686$348
48 years$7,805$4,408$2,372$1,231$623$310
49 years$7,558$4,209$2,229$1,137$566$277
50 years$7,323$4,021$2,096$1,051$514$247

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $7,500,000, adding $2,172 every year, while hoping to spend $46,596 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: 50/29/21 Blend
39$7,500,000$7,500,000$7,500,000$7,500,000
40$8,267,240$7,869,740$7,753,490$8,631,920
41$9,060,921$8,205,780$7,963,655$9,220,821
42$9,933,996$8,556,724$8,179,298$9,855,561
43$10,894,513$8,923,253$8,400,554$10,544,444
44$11,951,341$9,306,080$8,627,560$11,292,605
45$13,114,252$9,705,952$8,860,457$12,105,685
46$14,394,012$10,123,650$9,099,389$12,989,884
47$15,802,483$10,559,991$9,344,501$13,952,021
48$17,352,738$11,015,832$9,595,943$14,999,590
49$19,059,178$11,492,068$9,853,868$16,140,834
50$20,937,674$11,989,639$10,118,432$17,384,815
51$23,005,711$12,509,526$10,389,794$18,741,503
52$25,282,559$13,052,759$10,668,118$20,221,863
53$27,789,449$13,620,412$10,953,568$21,837,956
54$30,549,775$14,213,616$11,246,316$23,603,055
55$33,589,318$14,833,548$11,546,533$25,531,759
56$36,936,483$15,481,447$11,854,396$27,640,136
57$40,622,573$16,158,606$12,170,087$29,945,865
58$44,682,078$16,866,381$12,493,788$32,468,404
59$49,153,007$17,606,190$12,825,687$35,229,168
60$54,077,242$18,379,521$13,165,975$38,251,728
61$59,500,933$19,187,931$13,514,848$41,562,029
62$65,474,937$20,033,048$13,872,504$45,188,632
63$72,055,293$20,916,580$14,239,146$49,162,979
64$79,303,757$21,840,316$14,614,981$53,519,685
65$87,288,377$22,806,128$15,000,219$58,296,860
66$96,084,140$23,815,978$15,395,075$63,536,467
67$105,773,680$24,871,919$15,799,769$69,284,709
68$116,448,056$25,976,103$16,214,521$75,592,463
69$128,207,610$27,130,784$16,639,560$82,515,751
70$141,162,917$28,338,323$17,075,115$90,116,271
71$155,435,826$29,601,193$17,521,423$98,461,963
72$171,160,612$30,921,983$17,978,723$107,627,654
73$188,485,242$32,303,407$18,447,258$117,695,751
74$207,572,770$33,748,309$18,927,275$128,757,018
75$228,602,881$35,259,664$19,419,027$140,911,420
76$251,773,580$36,840,593$19,922,769$154,269,063
77$277,303,067$38,494,363$20,438,763$168,951,226
78$305,431,791$40,224,398$20,967,274$185,091,497
79$336,424,726$42,034,286$21,508,569$202,837,026
80$370,573,865$43,927,782$22,062,923$222,349,902
81$408,200,981$45,908,826$22,630,613$243,808,683
82$449,660,663$47,981,541$23,211,921$267,410,063
83$495,343,663$50,150,249$23,807,133$293,370,723
84$545,680,584$52,419,478$24,416,539$321,929,367
85$601,145,945$54,793,974$25,040,434$353,348,961
86$662,262,660$57,278,707$25,679,117$387,919,210
87$729,606,974$59,878,887$26,332,890$425,959,275
88$803,813,905$62,599,971$27,002,061$467,820,778
89$885,583,233$65,447,680$27,686,940$513,891,107
90$975,686,112$68,428,006$28,387,843$564,597,058
91$1,074,972,347$71,547,230$29,105,087$620,408,856
92$1,184,378,415$74,811,932$29,838,996$681,844,570
93$1,304,936,307$78,229,010$30,589,896$749,474,998
94$1,437,783,270$81,805,691$31,358,116$823,929,034
95$1,584,172,542$85,549,548$32,143,991$905,899,587
96$1,745,485,183$89,468,519$32,947,858$996,150,112
97$1,923,243,116$93,570,920$33,770,055$1,095,521,792
98$2,119,123,490$97,865,471$34,610,928$1,204,941,462
99$2,334,974,513$102,361,306$35,470,821$1,325,430,342
100$2,572,832,904$107,068,001$36,350,084$1,458,113,651