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%19%
1 years$619,343$613,826$608,444$603,190$598,061$576,382
2 years$306,605$300,895$295,361$289,995$284,791$263,188
3 years$202,373$196,638$191,118$185,803$180,683$159,835
4 years$150,267$144,550$139,085$133,860$128,865$108,931
5 years$119,012$113,329$107,936$102,818$97,961$78,993
6 years$98,182$92,542$87,228$82,224$77,513$59,525
7 years$83,309$77,716$72,487$67,601$63,039$46,027
8 years$72,160$66,617$61,475$56,709$52,297$36,246
9 years$63,492$58,002$52,948$48,303$44,041$28,930
10 years$56,562$51,126$46,161$41,638$37,526$23,327
11 years$50,896$45,515$40,640$36,237$32,273$18,958
12 years$46,178$40,851$36,067$31,785$27,967$15,502
13 years$42,189$36,918$32,223$28,062$24,388$12,739
14 years$38,772$33,557$28,953$24,910$21,378$10,510
15 years$35,814$30,655$26,140$22,215$18,823$8,699
16 years$33,228$28,126$23,700$19,891$16,636$7,218
17 years$30,948$25,903$21,566$17,872$14,751$6,003
18 years$28,925$23,935$19,687$16,106$13,116$5,000
19 years$27,116$22,183$18,023$14,554$11,690$4,172
20 years$25,490$20,613$16,540$13,181$10,442$3,484
21 years$24,021$19,201$15,214$11,963$9,344$2,913
22 years$22,687$17,923$14,022$10,877$8,376$2,438
23 years$21,471$16,763$12,947$9,906$7,519$2,041
24 years$20,358$15,706$11,974$9,035$6,758$1,710
25 years$19,336$14,739$11,090$8,251$6,081$1,434
26 years$18,394$13,852$10,285$7,544$5,478$1,202
27 years$17,523$13,037$9,551$6,905$4,939$1,009
28 years$16,716$12,284$8,879$6,327$4,456$846
29 years$15,966$11,589$8,262$5,802$4,024$710
30 years$15,267$10,945$7,696$5,325$3,636$596
31 years$14,614$10,346$7,175$4,890$3,287$501
32 years$14,004$9,790$6,694$4,494$2,973$420
33 years$13,431$9,271$6,251$4,133$2,691$353
34 years$12,894$8,787$5,840$3,803$2,436$297
35 years$12,388$8,334$5,460$3,500$2,207$249
36 years$11,912$7,910$5,108$3,224$1,999$209
37 years$11,462$7,513$4,781$2,970$1,812$176
38 years$11,037$7,140$4,477$2,738$1,643$148
39 years$10,635$6,789$4,194$2,524$1,490$124
40 years$10,254$6,460$3,931$2,328$1,351$104
41 years$9,892$6,149$3,686$2,148$1,226$88
42 years$9,549$5,856$3,458$1,983$1,112$74
43 years$9,222$5,580$3,245$1,830$1,010$62
44 years$8,911$5,319$3,046$1,690$916$52
45 years$8,615$5,072$2,860$1,561$832$44
46 years$8,332$4,838$2,686$1,442$755$37
47 years$8,063$4,617$2,524$1,332$686$31
48 years$7,805$4,408$2,372$1,231$623$26
49 years$7,558$4,209$2,229$1,137$566$22
50 years$7,323$4,021$2,096$1,051$514$18

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 $2,417 every year, while hoping to spend $22,660 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: 47/35/18 Blend
39$7,500,000$7,500,000$7,500,000$7,500,000
40$8,267,493$7,869,993$7,753,743$8,613,785
41$9,086,667$8,231,513$7,989,383$9,216,528
42$9,988,638$8,609,987$8,232,158$9,867,869
43$10,981,826$9,006,224$8,482,283$10,574,346
44$12,075,511$9,421,068$8,739,978$11,341,115
45$13,279,919$9,855,406$9,005,473$12,173,843
46$14,606,316$10,310,166$9,279,002$13,078,748
47$16,067,120$10,786,323$9,560,807$14,062,665
48$17,676,010$11,284,897$9,851,138$15,133,100
49$19,448,063$11,806,957$10,150,252$16,298,303
50$21,399,893$12,353,625$10,458,413$17,567,339
51$23,549,805$12,926,076$10,775,893$18,950,172
52$25,917,973$13,525,541$11,102,972$20,457,755
53$28,526,625$14,153,312$11,439,941$22,102,129
54$31,400,258$14,810,742$11,787,097$23,896,533
55$34,565,865$15,499,249$12,144,745$25,855,527
56$38,053,192$16,220,321$12,513,202$27,995,122
57$41,895,016$16,975,515$12,892,794$30,332,928
58$46,127,460$17,766,467$13,283,854$32,888,315
59$50,790,325$18,594,889$13,686,728$35,682,593
60$55,927,476$19,462,576$14,101,771$38,739,205
61$61,587,247$20,371,411$14,529,349$42,083,945
62$67,822,903$21,323,366$14,969,838$45,745,196
63$74,693,139$22,320,511$15,423,627$49,754,190
64$82,262,636$23,365,013$15,891,116$54,145,298
65$90,602,672$24,459,146$16,372,716$58,956,349
66$99,791,793$25,605,292$16,868,850$64,228,980
67$109,916,555$26,805,951$17,379,956$70,009,019
68$121,072,342$28,063,741$17,906,483$76,346,916
69$133,364,265$29,381,408$18,448,894$83,298,205
70$146,908,154$30,761,831$19,007,666$90,924,027
71$161,831,653$32,208,028$19,583,290$99,291,691
72$178,275,422$33,723,163$20,176,271$108,475,308
73$196,394,471$35,310,553$20,787,131$118,556,478
74$216,359,613$36,973,676$21,416,406$129,625,049
75$238,359,086$38,716,179$22,064,649$141,779,958
76$262,600,325$40,541,884$22,732,427$155,130,156
77$289,311,922$42,454,800$23,420,327$169,795,617
78$318,745,783$44,459,130$24,128,952$185,908,471
79$351,179,504$46,559,279$24,858,924$203,614,229
80$386,918,997$48,759,867$25,610,882$223,073,151
81$426,301,373$51,065,739$26,385,485$244,461,740
82$469,698,126$53,481,972$27,183,410$267,974,399
83$517,518,638$56,013,893$28,005,358$293,825,249
84$570,214,049$58,667,083$28,852,047$322,250,137
85$628,281,509$61,447,398$29,724,219$353,508,845
86$692,268,878$64,360,975$30,622,635$387,887,527
87$762,779,892$67,414,251$31,548,082$425,701,391
88$840,479,867$70,613,975$32,501,368$467,297,659
89$926,101,976$73,967,223$33,483,327$513,058,825
90$1,020,454,176$77,481,415$34,494,816$563,406,246
91$1,124,426,828$81,164,331$35,536,719$618,804,096
92$1,239,001,110$85,024,128$36,609,945$679,763,731
93$1,365,258,275$89,069,363$37,715,430$746,848,491
94$1,504,389,862$93,309,004$38,854,139$820,678,994
95$1,657,708,940$97,752,457$40,027,065$901,938,970
96$1,826,662,510$102,409,586$41,235,230$991,381,691
97$2,012,845,164$107,290,733$42,479,688$1,089,837,051
98$2,218,014,135$112,406,743$43,761,521$1,198,219,377
99$2,444,105,892$117,768,989$45,081,848$1,317,536,027
100$2,693,254,419$123,389,396$46,441,816$1,448,896,869