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

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 $7,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$627,601$622,011$616,556$611,233$606,035$598,958
2 years$310,694$304,907$299,299$293,862$288,588$281,465
3 years$205,072$199,260$193,666$188,280$183,092$176,144
4 years$152,271$146,477$140,940$135,645$130,583$123,863
5 years$120,599$114,840$109,375$104,189$99,267$92,796
6 years$99,491$93,775$88,391$83,320$78,547$72,331
7 years$84,420$78,753$73,453$68,502$63,879$57,922
8 years$73,122$67,505$62,294$57,465$52,994$47,295
9 years$64,339$58,776$53,654$48,947$44,629$39,185
10 years$57,317$51,808$46,777$42,193$38,026$32,834
11 years$51,575$46,121$41,182$36,721$32,704$27,759
12 years$46,794$41,396$36,548$32,209$28,340$23,638
13 years$42,751$37,410$32,653$28,436$24,713$20,247
14 years$39,289$34,005$29,339$25,242$21,663$17,428
15 years$36,291$31,064$26,489$22,511$19,074$15,061
16 years$33,671$28,501$24,016$20,157$16,858$13,061
17 years$31,361$26,248$21,854$18,110$14,947$11,359
18 years$29,310$24,254$19,950$16,321$13,290$9,904
19 years$27,477$22,479$18,263$14,748$11,846$8,653
20 years$25,830$20,888$16,761$13,357$10,581$7,574
21 years$24,341$19,457$15,417$12,122$9,469$6,640
22 years$22,990$18,162$14,209$11,022$8,488$5,830
23 years$21,758$16,987$13,119$10,038$7,619$5,124
24 years$20,630$15,915$12,133$9,155$6,848$4,508
25 years$19,594$14,936$11,238$8,361$6,162$3,970
26 years$18,639$14,037$10,422$7,645$5,551$3,499
27 years$17,757$13,211$9,678$6,997$5,004$3,086
28 years$16,939$12,448$8,997$6,411$4,516$2,723
29 years$16,179$11,744$8,373$5,879$4,077$2,405
30 years$15,470$11,091$7,799$5,396$3,684$2,124
31 years$14,809$10,484$7,271$4,955$3,331$1,877
32 years$14,190$9,920$6,784$4,554$3,013$1,660
33 years$13,610$9,395$6,334$4,188$2,727$1,468
34 years$13,066$8,904$5,918$3,853$2,469$1,298
35 years$12,553$8,445$5,533$3,547$2,236$1,149
36 years$12,071$8,016$5,176$3,267$2,026$1,017
37 years$11,615$7,613$4,845$3,010$1,836$900
38 years$11,184$7,235$4,537$2,774$1,665$797
39 years$10,777$6,880$4,250$2,558$1,510$706
40 years$10,390$6,546$3,984$2,359$1,369$625
41 years$10,024$6,231$3,736$2,177$1,242$553
42 years$9,676$5,934$3,504$2,009$1,127$490
43 years$9,345$5,654$3,288$1,855$1,023$434
44 years$9,030$5,389$3,087$1,712$929$385
45 years$8,730$5,139$2,898$1,581$843$341
46 years$8,443$4,903$2,722$1,461$765$302
47 years$8,170$4,679$2,557$1,350$695$268
48 years$7,909$4,466$2,403$1,247$631$237
49 years$7,659$4,265$2,259$1,153$573$210
50 years$7,420$4,074$2,124$1,065$521$186

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 $2,449 every year, while hoping to spend $41,928 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: 55/29/16 Blend
39$7,600,000$7,600,000$7,600,000$7,600,000
40$8,377,726$7,974,926$7,857,126$8,802,855
41$9,187,643$8,321,086$8,075,729$9,438,766
42$10,078,766$8,682,803$8,300,249$10,126,147
43$11,059,335$9,060,795$8,530,842$10,873,699
44$12,138,426$9,455,813$8,767,664$11,687,179
45$13,326,042$9,868,644$9,010,878$12,572,915
46$14,633,204$10,300,114$9,260,648$13,537,865
47$16,072,056$10,751,084$9,517,144$14,589,682
48$17,655,978$11,222,460$9,780,541$15,736,777
49$19,399,714$11,715,187$10,051,015$16,988,406
50$21,319,510$12,230,256$10,328,750$18,354,746
51$23,433,268$12,768,706$10,613,931$19,846,994
52$25,760,712$13,331,624$10,906,749$21,477,469
53$28,323,580$13,920,148$11,207,399$23,259,723
54$31,145,821$14,535,472$11,516,083$25,208,670
55$34,253,828$15,178,843$11,833,005$27,340,718
56$37,676,682$15,851,570$12,158,374$29,673,927
57$41,446,429$16,555,022$12,492,406$32,228,173
58$45,598,383$17,290,636$12,835,319$35,025,332
59$50,171,455$18,059,914$13,187,339$38,089,483
60$55,208,524$18,864,431$13,548,696$41,447,133
61$60,756,842$19,705,836$13,919,625$45,127,460
62$66,868,474$20,585,857$14,300,368$49,162,589
63$73,600,798$21,506,304$14,691,170$53,587,887
64$81,017,039$22,469,072$15,092,283$58,442,293
65$89,186,869$23,476,149$15,503,967$63,768,682
66$98,187,063$24,529,613$15,926,483$69,614,266
67$108,102,226$25,631,647$16,360,102$76,031,030
68$119,025,588$26,784,532$16,805,101$83,076,222
69$131,059,886$27,990,663$17,261,760$90,812,885
70$144,318,334$29,252,545$17,730,368$99,310,450
71$158,925,689$30,572,804$18,211,221$108,645,380
72$175,019,431$31,954,194$18,704,619$118,901,887
73$192,751,060$33,399,596$19,210,870$130,172,725
74$212,287,523$34,912,032$19,730,290$142,560,052
75$233,812,796$36,494,666$20,263,200$156,176,391
76$257,529,612$38,150,816$20,809,928$171,145,683
77$283,661,383$39,883,957$21,370,811$187,604,450
78$312,454,303$41,697,729$21,946,192$205,703,076
79$344,179,673$43,595,950$22,536,421$225,607,216
80$379,136,465$45,582,616$23,141,856$247,499,352
81$417,654,139$47,661,919$23,762,863$271,580,505
82$460,095,757$49,838,249$24,399,815$298,072,125
83$506,861,409$52,116,207$25,053,093$327,218,169
84$558,391,987$54,500,616$25,723,086$359,287,395
85$615,173,352$56,996,528$26,410,191$394,575,885
86$677,740,915$59,609,240$27,114,814$433,409,831
87$746,684,696$62,344,301$27,837,369$476,148,600
88$822,654,891$65,207,527$28,578,276$523,188,117
89$906,368,008$68,205,014$29,337,967$574,964,582
90$998,613,637$71,343,152$30,116,880$631,958,583
91$1,100,261,896$74,628,634$30,915,464$694,699,609
92$1,212,271,653$78,068,481$31,734,175$763,771,042
93$1,335,699,570$81,670,045$32,573,479$839,815,639
94$1,471,710,086$85,441,037$33,433,850$923,541,590
95$1,621,586,403$89,389,536$34,315,772$1,015,729,184
96$1,786,742,604$93,524,011$35,219,738$1,117,238,153
97$1,968,737,000$97,853,338$36,146,250$1,229,015,775
98$2,169,286,844$102,386,822$37,095,820$1,352,105,791
99$2,390,284,541$107,134,214$38,068,968$1,487,658,242
100$2,633,815,511$112,105,738$39,066,226$1,636,940,299