Can I retire at age 40 with 7,600,000?

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 $7,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$627,601$622,011$616,556$611,233$606,035$590,665
2 years$310,694$304,907$299,299$293,862$288,588$273,203
3 years$205,072$199,260$193,666$188,280$183,092$168,173
4 years$152,271$146,477$140,940$135,645$130,583$116,245
5 years$120,599$114,840$109,375$104,189$99,267$85,549
6 years$99,491$93,775$88,391$83,320$78,547$65,463
7 years$84,420$78,753$73,453$68,502$63,879$51,431
8 years$73,122$67,505$62,294$57,465$52,994$41,175
9 years$64,339$58,776$53,654$48,947$44,629$33,429
10 years$57,317$51,808$46,777$42,193$38,026$27,433
11 years$51,575$46,121$41,182$36,721$32,704$22,701
12 years$46,794$41,396$36,548$32,209$28,340$18,911
13 years$42,751$37,410$32,653$28,436$24,713$15,838
14 years$39,289$34,005$29,339$25,242$21,663$13,322
15 years$36,291$31,064$26,489$22,511$19,074$11,247
16 years$33,671$28,501$24,016$20,157$16,858$9,523
17 years$31,361$26,248$21,854$18,110$14,947$8,083
18 years$29,310$24,254$19,950$16,321$13,290$6,875
19 years$27,477$22,479$18,263$14,748$11,846$5,858
20 years$25,830$20,888$16,761$13,357$10,581$4,999
21 years$24,341$19,457$15,417$12,122$9,469$4,271
22 years$22,990$18,162$14,209$11,022$8,488$3,653
23 years$21,758$16,987$13,119$10,038$7,619$3,127
24 years$20,630$15,915$12,133$9,155$6,848$2,679
25 years$19,594$14,936$11,238$8,361$6,162$2,296
26 years$18,639$14,037$10,422$7,645$5,551$1,969
27 years$17,757$13,211$9,678$6,997$5,004$1,690
28 years$16,939$12,448$8,997$6,411$4,516$1,451
29 years$16,179$11,744$8,373$5,879$4,077$1,246
30 years$15,470$11,091$7,799$5,396$3,684$1,070
31 years$14,809$10,484$7,271$4,955$3,331$920
32 years$14,190$9,920$6,784$4,554$3,013$790
33 years$13,610$9,395$6,334$4,188$2,727$679
34 years$13,066$8,904$5,918$3,853$2,469$584
35 years$12,553$8,445$5,533$3,547$2,236$502
36 years$12,071$8,016$5,176$3,267$2,026$432
37 years$11,615$7,613$4,845$3,010$1,836$371
38 years$11,184$7,235$4,537$2,774$1,665$320
39 years$10,777$6,880$4,250$2,558$1,510$275
40 years$10,390$6,546$3,984$2,359$1,369$236
41 years$10,024$6,231$3,736$2,177$1,242$203
42 years$9,676$5,934$3,504$2,009$1,127$175
43 years$9,345$5,654$3,288$1,855$1,023$151
44 years$9,030$5,389$3,087$1,712$929$130
45 years$8,730$5,139$2,898$1,581$843$111
46 years$8,443$4,903$2,722$1,461$765$96
47 years$8,170$4,679$2,557$1,350$695$83
48 years$7,909$4,466$2,403$1,247$631$71
49 years$7,659$4,265$2,259$1,153$573$61
50 years$7,420$4,074$2,124$1,065$521$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $7,600,000, adding $2,711 every year, while hoping to spend $32,967 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: 55/31/14 Blend
39$7,600,000$7,600,000$7,600,000$7,600,000
40$8,377,996$7,975,196$7,857,396$8,808,032
41$9,197,475$8,330,904$8,085,543$9,456,279
42$10,099,436$8,702,937$8,320,227$10,157,979
43$11,092,258$9,092,060$8,561,633$10,921,283
44$12,185,171$9,499,074$8,809,951$11,752,073
45$13,388,349$9,924,819$9,065,375$12,656,816
46$14,713,000$10,370,175$9,328,104$13,642,622
47$16,171,475$10,836,063$9,598,345$14,717,305
48$17,777,384$11,323,448$9,876,308$15,889,459
49$19,545,723$11,833,343$10,162,210$17,168,533
50$21,493,017$12,366,806$10,456,274$18,564,921
51$23,637,473$12,924,949$10,758,728$20,090,051
52$25,999,158$13,508,933$11,069,807$21,756,499
53$28,600,180$14,119,979$11,389,754$23,578,095
54$31,464,903$14,759,363$11,718,816$25,570,059
55$34,620,175$15,428,423$12,057,248$27,749,134
56$38,095,578$16,128,562$12,405,311$30,133,745
57$41,923,714$16,861,248$12,763,275$32,744,168
58$46,140,504$17,628,020$13,131,417$35,602,715
59$50,785,535$18,430,493$13,510,019$38,733,947
60$55,902,428$19,270,355$13,899,373$42,164,893
61$61,539,252$20,149,379$14,299,778$45,925,308
62$67,748,978$21,069,421$14,711,543$50,047,946
63$74,589,977$22,032,426$15,134,983$54,568,863
64$82,126,572$23,040,432$15,570,422$59,527,756
65$90,429,644$24,095,575$16,018,193$64,968,330
66$99,577,304$25,200,094$16,478,639$70,938,704
67$109,655,626$26,356,336$16,952,110$77,491,862
68$120,759,462$27,566,759$17,438,968$84,686,146
69$132,993,337$28,833,939$17,939,583$92,585,800
70$146,472,434$30,160,579$18,454,336$101,261,570
71$161,323,682$31,549,508$18,983,616$110,791,365
72$177,686,957$33,003,693$19,527,826$121,260,987
73$195,716,395$34,526,243$20,087,377$132,764,929
74$215,581,856$36,120,417$20,662,693$145,407,263
75$237,470,519$37,789,630$21,254,206$159,302,612
76$261,588,653$39,537,464$21,862,364$174,577,227
77$288,163,566$41,367,670$22,487,623$191,370,164
78$317,445,745$43,284,181$23,130,454$209,834,591
79$349,711,226$45,291,121$23,791,339$230,139,223
80$385,264,195$47,392,810$24,470,773$252,469,906
81$424,439,864$49,593,778$25,169,265$277,031,358
82$467,607,630$51,898,774$25,887,336$304,049,091
83$515,174,568$54,312,773$26,625,521$333,771,528
84$567,589,269$56,840,994$27,384,371$366,472,337
85$625,346,076$59,488,905$28,164,449$402,453,000
86$688,989,753$62,262,238$28,966,335$442,045,646
87$759,120,624$65,167,004$29,790,624$485,616,173
88$836,400,242$68,209,501$30,637,924$533,567,685
89$921,557,635$71,396,335$31,508,862$586,344,283
90$1,015,396,185$74,734,427$32,404,081$644,435,244
91$1,118,801,217$78,231,035$33,324,239$708,379,618
92$1,232,748,353$81,893,768$34,270,013$778,771,301
93$1,358,312,724$85,730,601$35,242,096$856,264,624
94$1,496,679,117$89,749,896$36,241,202$941,580,512
95$1,649,153,165$93,960,419$37,268,061$1,035,513,263
96$1,817,173,669$98,371,360$38,323,421$1,138,938,032
97$2,002,326,180$102,992,354$39,408,053$1,252,819,068
98$2,206,357,973$107,833,502$40,522,746$1,378,218,792
99$2,431,194,537$112,905,394$41,668,308$1,516,307,805
100$2,678,957,753$118,219,132$42,845,570$1,668,375,910