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

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 $7,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$619,343$613,826$608,444$603,190$598,061$585,985
2 years$306,605$300,895$295,361$289,995$284,791$272,678
3 years$202,373$196,638$191,118$185,803$180,683$168,911
4 years$150,267$144,550$139,085$133,860$128,865$117,523
5 years$119,012$113,329$107,936$102,818$97,961$87,083
6 years$98,182$92,542$87,228$82,224$77,513$67,110
7 years$83,309$77,716$72,487$67,601$63,039$53,114
8 years$72,160$66,617$61,475$56,709$52,297$42,846
9 years$63,492$58,002$52,948$48,303$44,041$35,059
10 years$56,562$51,126$46,161$41,638$37,526$29,002
11 years$50,896$45,515$40,640$36,237$32,273$24,199
12 years$46,178$40,851$36,067$31,785$27,967$20,330
13 years$42,189$36,918$32,223$28,062$24,388$17,175
14 years$38,772$33,557$28,953$24,910$21,378$14,576
15 years$35,814$30,655$26,140$22,215$18,823$12,417
16 years$33,228$28,126$23,700$19,891$16,636$10,611
17 years$30,948$25,903$21,566$17,872$14,751$9,092
18 years$28,925$23,935$19,687$16,106$13,116$7,807
19 years$27,116$22,183$18,023$14,554$11,690$6,717
20 years$25,490$20,613$16,540$13,181$10,442$5,788
21 years$24,021$19,201$15,214$11,963$9,344$4,995
22 years$22,687$17,923$14,022$10,877$8,376$4,315
23 years$21,471$16,763$12,947$9,906$7,519$3,732
24 years$20,358$15,706$11,974$9,035$6,758$3,230
25 years$19,336$14,739$11,090$8,251$6,081$2,797
26 years$18,394$13,852$10,285$7,544$5,478$2,425
27 years$17,523$13,037$9,551$6,905$4,939$2,103
28 years$16,716$12,284$8,879$6,327$4,456$1,824
29 years$15,966$11,589$8,262$5,802$4,024$1,583
30 years$15,267$10,945$7,696$5,325$3,636$1,375
31 years$14,614$10,346$7,175$4,890$3,287$1,194
32 years$14,004$9,790$6,694$4,494$2,973$1,037
33 years$13,431$9,271$6,251$4,133$2,691$902
34 years$12,894$8,787$5,840$3,803$2,436$784
35 years$12,388$8,334$5,460$3,500$2,207$681
36 years$11,912$7,910$5,108$3,224$1,999$592
37 years$11,462$7,513$4,781$2,970$1,812$515
38 years$11,037$7,140$4,477$2,738$1,643$448
39 years$10,635$6,789$4,194$2,524$1,490$390
40 years$10,254$6,460$3,931$2,328$1,351$339
41 years$9,892$6,149$3,686$2,148$1,226$295
42 years$9,549$5,856$3,458$1,983$1,112$256
43 years$9,222$5,580$3,245$1,830$1,010$223
44 years$8,911$5,319$3,046$1,690$916$194
45 years$8,615$5,072$2,860$1,561$832$169
46 years$8,332$4,838$2,686$1,442$755$147
47 years$8,063$4,617$2,524$1,332$686$128
48 years$7,805$4,408$2,372$1,231$623$111
49 years$7,558$4,209$2,229$1,137$566$97
50 years$7,323$4,021$2,096$1,051$514$84

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 $3,349 every year, while hoping to spend $47,763 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: 49/21/30 Blend
39$7,500,000$7,500,000$7,500,000$7,500,000
40$8,268,454$7,870,954$7,754,704$8,602,796
41$9,061,017$8,205,812$7,963,668$9,173,135
42$9,932,821$8,555,476$8,178,030$9,787,495
43$10,891,897$8,920,623$8,397,923$10,454,109
44$11,947,096$9,301,959$8,623,478$11,177,953
45$13,108,168$9,700,223$8,854,833$11,964,497
46$14,385,857$10,116,190$9,092,126$12,819,757
47$15,792,001$10,550,670$9,335,499$13,750,348
48$17,339,644$11,004,512$9,585,097$14,763,544
49$19,043,157$11,478,602$9,841,067$15,867,348
50$20,918,377$11,973,872$10,103,561$17,070,563
51$22,982,753$12,491,293$10,372,732$18,382,873
52$25,255,513$13,031,885$10,648,737$19,814,934
53$27,757,843$13,596,715$10,931,737$21,378,470
54$30,513,087$14,186,899$11,221,895$23,086,386
55$33,546,971$14,803,606$11,519,377$24,952,879
56$36,887,840$15,448,060$11,824,354$26,993,580
57$40,566,928$16,121,543$12,136,999$29,225,691
58$44,618,654$16,825,398$12,457,487$31,668,146
59$49,080,944$17,561,030$12,786,000$34,341,792
60$53,995,589$18,329,910$13,122,721$37,269,576
61$59,408,643$19,133,579$13,467,835$40,476,763
62$65,370,852$19,973,651$13,821,535$43,991,169
63$71,938,135$20,851,817$14,184,013$47,843,425
64$79,172,115$21,769,846$14,555,467$52,067,253
65$87,140,693$22,729,591$14,936,098$56,699,793
66$95,918,697$23,732,994$15,326,110$61,781,939
67$105,588,581$24,782,087$15,725,712$67,358,729
68$116,241,208$25,879,001$16,135,115$73,479,761
69$127,976,704$27,025,965$16,554,534$80,199,660
70$140,905,406$28,225,316$16,984,190$87,578,589
71$155,148,901$29,479,500$17,424,303$95,682,809
72$170,841,173$30,791,080$17,875,102$104,585,305
73$188,129,870$32,162,740$18,336,815$114,366,468
74$207,177,695$33,597,293$18,809,677$125,114,845
75$228,163,944$35,097,684$19,293,925$136,927,975
76$251,286,196$36,667,000$19,789,801$149,913,302
77$276,762,177$38,308,472$20,297,548$164,189,183
78$304,831,818$40,025,487$20,817,416$179,885,998
79$335,759,521$41,821,592$21,349,656$197,147,378
80$369,836,646$43,700,505$21,894,524$216,131,552
81$407,384,273$45,666,119$22,452,279$237,012,834
82$448,756,223$47,722,512$23,023,185$259,983,261
83$494,342,402$49,873,960$23,607,506$285,254,399
84$544,572,483$52,124,940$24,205,513$313,059,333
85$599,919,957$54,480,143$24,817,479$343,654,857
86$660,906,608$56,944,485$25,443,679$377,323,892
87$728,107,434$59,523,116$26,084,394$414,378,149
88$802,156,077$62,221,434$26,739,906$455,161,058
89$883,750,805$65,045,092$27,410,501$500,051,004
90$973,661,101$68,000,016$28,096,467$549,464,889
91$1,072,734,931$71,092,414$28,798,096$603,862,054
92$1,181,906,743$74,328,792$29,515,682$663,748,610
93$1,302,206,296$77,715,967$30,249,522$729,682,198
94$1,434,768,372$81,261,084$30,999,915$802,277,245
95$1,580,843,497$84,971,628$31,767,163$882,210,755
96$1,741,809,740$88,855,444$32,551,570$970,228,678
97$1,919,185,726$92,920,754$33,353,440$1,067,152,950
98$2,114,644,972$97,176,172$34,173,082$1,173,889,229
99$2,330,031,683$101,630,729$35,010,804$1,291,435,435
100$2,567,378,166$106,293,886$35,866,918$1,420,891,154