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%19.3%
1 years$627,601$622,011$616,556$611,233$606,035$583,373
2 years$310,694$304,907$299,299$293,862$288,588$266,016
3 years$205,072$199,260$193,666$188,280$183,092$161,320
4 years$152,271$146,477$140,940$135,645$130,583$109,776
5 years$120,599$114,840$109,375$104,189$99,267$79,480
6 years$99,491$93,775$88,391$83,320$78,547$59,794
7 years$84,420$78,753$73,453$68,502$63,879$46,155
8 years$73,122$67,505$62,294$57,465$52,994$36,282
9 years$64,339$58,776$53,654$48,947$44,629$28,906
10 years$57,317$51,808$46,777$42,193$38,026$23,263
11 years$51,575$46,121$41,182$36,721$32,704$18,869
12 years$46,794$41,396$36,548$32,209$28,340$15,399
13 years$42,751$37,410$32,653$28,436$24,713$12,628
14 years$39,289$34,005$29,339$25,242$21,663$10,397
15 years$36,291$31,064$26,489$22,511$19,074$8,586
16 years$33,671$28,501$24,016$20,157$16,858$7,110
17 years$31,361$26,248$21,854$18,110$14,947$5,899
18 years$29,310$24,254$19,950$16,321$13,290$4,903
19 years$27,477$22,479$18,263$14,748$11,846$4,081
20 years$25,830$20,888$16,761$13,357$10,581$3,401
21 years$24,341$19,457$15,417$12,122$9,469$2,837
22 years$22,990$18,162$14,209$11,022$8,488$2,368
23 years$21,758$16,987$13,119$10,038$7,619$1,979
24 years$20,630$15,915$12,133$9,155$6,848$1,654
25 years$19,594$14,936$11,238$8,361$6,162$1,383
26 years$18,639$14,037$10,422$7,645$5,551$1,157
27 years$17,757$13,211$9,678$6,997$5,004$968
28 years$16,939$12,448$8,997$6,411$4,516$810
29 years$16,179$11,744$8,373$5,879$4,077$678
30 years$15,470$11,091$7,799$5,396$3,684$568
31 years$14,809$10,484$7,271$4,955$3,331$476
32 years$14,190$9,920$6,784$4,554$3,013$399
33 years$13,610$9,395$6,334$4,188$2,727$334
34 years$13,066$8,904$5,918$3,853$2,469$280
35 years$12,553$8,445$5,533$3,547$2,236$234
36 years$12,071$8,016$5,176$3,267$2,026$196
37 years$11,615$7,613$4,845$3,010$1,836$165
38 years$11,184$7,235$4,537$2,774$1,665$138
39 years$10,777$6,880$4,250$2,558$1,510$116
40 years$10,390$6,546$3,984$2,359$1,369$97
41 years$10,024$6,231$3,736$2,177$1,242$81
42 years$9,676$5,934$3,504$2,009$1,127$68
43 years$9,345$5,654$3,288$1,855$1,023$57
44 years$9,030$5,389$3,087$1,712$929$48
45 years$8,730$5,139$2,898$1,581$843$40
46 years$8,443$4,903$2,722$1,461$765$34
47 years$8,170$4,679$2,557$1,350$695$28
48 years$7,909$4,466$2,403$1,247$631$24
49 years$7,659$4,265$2,259$1,153$573$20
50 years$7,420$4,074$2,124$1,065$521$17

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 $5,209 every year, while hoping to spend $22,972 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: 63/14/23 Blend
39$7,600,000$7,600,000$7,600,000$7,600,000
40$8,380,573$7,977,773$7,859,973$8,857,844
41$9,210,950$8,344,242$8,098,840$9,547,291
42$10,125,254$8,727,898$8,344,939$10,296,959
43$11,132,024$9,129,559$8,598,489$11,115,240
44$12,240,665$9,550,082$8,859,713$12,008,842
45$13,461,543$9,990,365$9,128,843$12,985,149
46$14,806,078$10,451,351$9,406,117$14,052,284
47$16,286,857$10,934,027$9,691,781$15,219,190
48$17,917,748$11,439,426$9,986,087$16,495,707
49$19,714,034$11,968,632$10,289,296$17,892,665
50$21,692,553$12,522,784$10,601,676$19,421,986
51$23,871,864$13,103,070$10,923,502$21,096,796
52$26,272,415$13,710,741$11,255,060$22,931,540
53$28,916,739$14,347,105$11,596,642$24,942,126
54$31,829,667$15,013,534$11,948,551$27,146,066
55$35,038,561$15,711,466$12,311,095$29,562,640
56$38,573,574$16,442,407$12,684,597$32,213,081
57$42,467,932$17,207,939$13,069,384$35,120,767
58$46,758,251$18,009,717$13,465,798$38,311,442
59$51,484,877$18,849,478$13,874,187$41,813,456
60$56,692,274$19,729,041$14,294,911$45,658,030
61$62,429,437$20,650,316$14,728,342$49,879,549
62$68,750,359$21,615,301$15,174,861$54,515,883
63$75,714,538$22,626,093$15,634,862$59,608,740
64$83,387,541$23,684,892$16,108,749$65,204,060
65$91,841,619$24,794,000$16,596,941$71,352,440
66$101,156,391$25,955,833$17,099,866$78,109,617
67$111,419,599$27,172,925$17,617,968$85,536,981
68$122,727,930$28,447,930$18,151,701$93,702,157
69$135,187,931$29,783,631$18,701,536$102,679,637
70$148,917,018$31,182,947$19,267,955$112,551,482
71$164,044,579$32,648,937$19,851,457$123,408,088
72$180,713,200$34,184,808$20,452,554$135,349,040
73$199,080,005$35,793,923$21,071,774$148,484,044
74$219,318,148$37,479,807$21,709,660$162,933,958
75$241,618,439$39,246,157$22,366,774$178,831,933
76$266,191,150$41,096,849$23,043,690$196,324,656
77$293,267,997$43,035,945$23,741,004$215,573,738
78$323,104,331$45,067,704$24,459,326$236,757,230
79$355,981,546$47,196,595$25,199,287$260,071,297
80$392,209,735$49,427,299$25,961,534$285,732,068
81$432,130,618$51,764,727$26,746,735$313,977,665
82$476,120,769$54,214,027$27,555,579$345,070,448
83$524,595,170$56,780,597$28,388,774$379,299,482
84$578,011,127$59,470,096$29,247,047$416,983,264
85$636,872,591$62,288,459$30,131,152$458,472,715
86$701,734,910$65,241,908$31,041,860$504,154,489
87$773,210,077$68,336,967$31,979,968$554,454,617
88$851,972,504$71,580,478$32,946,297$609,842,516
89$938,765,391$74,979,614$33,941,690$670,835,413
90$1,034,407,742$78,541,895$34,967,017$738,003,222
91$1,139,802,092$82,275,209$36,023,173$811,973,910
92$1,255,943,037$86,187,826$37,111,080$893,439,416
93$1,383,926,613$90,288,416$38,231,688$983,162,176
94$1,524,960,652$94,586,073$39,385,974$1,081,982,306
95$1,680,376,179$99,090,331$40,574,945$1,190,825,523
96$1,851,639,981$103,811,188$41,799,637$1,310,711,874
97$2,040,368,451$108,759,128$43,061,117$1,442,765,350
98$2,248,342,852$113,945,145$44,360,484$1,588,224,488
99$2,477,526,133$119,380,767$45,698,869$1,748,454,044
100$2,730,081,455$125,078,081$47,077,439$1,924,957,869