Can I retire at age 40 with 7,700,000?

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 $7,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$635,859$630,195$624,669$619,275$614,009$609,119
2 years$314,782$308,919$303,237$297,729$292,385$287,456
3 years$207,770$201,882$196,215$190,758$185,501$180,685
4 years$154,274$148,405$142,794$137,430$132,301$127,636
5 years$122,186$116,351$110,814$105,559$100,573$96,072
6 years$100,800$95,009$89,554$84,417$79,580$75,249
7 years$85,531$79,789$74,420$69,404$64,720$60,561
8 years$74,084$68,394$63,114$58,221$53,691$49,704
9 years$65,185$59,549$54,360$49,591$45,216$41,399
10 years$58,071$52,490$47,392$42,748$38,526$34,878
11 years$52,254$46,728$41,723$37,204$33,134$29,652
12 years$47,409$41,941$37,029$32,633$28,713$25,394
13 years$43,314$37,902$33,083$28,810$25,038$21,878
14 years$39,806$34,452$29,725$25,574$21,948$18,944
15 years$36,769$31,473$26,838$22,808$19,325$16,471
16 years$34,114$28,876$24,332$20,422$17,080$14,372
17 years$31,774$26,593$22,141$18,349$15,144$12,579
18 years$29,696$24,573$20,212$16,536$13,465$11,037
19 years$27,839$22,774$18,503$14,942$12,002$9,706
20 years$26,170$21,163$16,981$13,533$10,720$8,552
21 years$24,662$19,713$15,620$12,282$9,594$7,548
22 years$23,292$18,401$14,396$11,167$8,599$6,672
23 years$22,044$17,210$13,292$10,170$7,719$5,904
24 years$20,901$16,125$12,293$9,275$6,938$5,231
25 years$19,852$15,132$11,386$8,471$6,243$4,639
26 years$18,885$14,222$10,560$7,745$5,624$4,118
27 years$17,990$13,384$9,806$7,090$5,070$3,658
28 years$17,162$12,612$9,116$6,496$4,575$3,251
29 years$16,391$11,898$8,483$5,957$4,131$2,892
30 years$15,674$11,236$7,901$5,467$3,733$2,573
31 years$15,004$10,622$7,366$5,021$3,375$2,291
32 years$14,377$10,051$6,873$4,614$3,053$2,041
33 years$13,790$9,518$6,417$4,243$2,763$1,818
34 years$13,238$9,021$5,996$3,904$2,501$1,620
35 years$12,719$8,556$5,606$3,594$2,266$1,445
36 years$12,229$8,121$5,244$3,310$2,053$1,288
37 years$11,768$7,713$4,908$3,050$1,860$1,149
38 years$11,331$7,330$4,596$2,811$1,687$1,025
39 years$10,918$6,970$4,306$2,592$1,529$915
40 years$10,527$6,632$4,036$2,391$1,387$816
41 years$10,156$6,313$3,785$2,206$1,259$729
42 years$9,803$6,012$3,550$2,035$1,142$651
43 years$9,468$5,728$3,331$1,879$1,036$581
44 years$9,149$5,460$3,127$1,735$941$519
45 years$8,845$5,207$2,936$1,602$854$463
46 years$8,554$4,967$2,758$1,480$775$414
47 years$8,278$4,740$2,591$1,367$704$369
48 years$8,013$4,525$2,435$1,263$639$330
49 years$7,760$4,321$2,289$1,168$581$295
50 years$7,518$4,128$2,152$1,079$528$263

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $7,700,000, adding $4,767 every year, while hoping to spend $49,080 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: 33/40/27 Blend
39$7,700,000$7,700,000$7,700,000$7,700,000
40$8,490,317$8,082,217$7,962,867$8,700,579
41$9,304,109$8,426,025$8,177,402$9,204,209
42$10,199,262$8,785,035$8,397,480$9,741,895
43$11,184,024$9,159,939$8,623,233$10,320,425
44$12,267,482$9,551,463$8,854,798$10,943,445
45$13,459,647$9,960,367$9,092,316$11,614,954
46$14,771,551$10,387,445$9,335,929$12,339,338
47$16,215,348$10,833,528$9,585,781$13,121,405
48$17,804,431$11,299,489$9,842,022$13,966,434
49$19,553,557$11,786,237$10,104,804$14,880,216
50$21,478,985$12,294,728$10,374,280$15,869,108
51$23,598,633$12,825,961$10,650,609$16,940,088
52$25,932,241$13,380,981$10,933,953$18,100,820
53$28,501,564$13,960,883$11,224,474$19,359,719
54$31,330,571$14,566,814$11,522,341$20,726,032
55$34,445,675$15,199,973$11,827,726$22,209,913
56$37,875,980$15,861,618$12,140,801$23,822,525
57$41,653,557$16,553,065$12,461,745$25,576,130
58$45,813,745$17,275,690$12,790,738$27,484,210
59$50,395,485$18,030,937$13,127,966$29,561,582
60$55,441,688$18,820,316$13,473,616$31,824,539
61$60,999,638$19,645,410$13,827,880$34,290,993
62$67,121,440$20,507,874$14,190,954$36,980,642
63$73,864,512$21,409,444$14,563,035$39,915,150
64$81,292,122$22,351,937$14,944,327$43,118,345
65$89,473,991$23,337,255$15,335,035$46,616,438
66$98,486,949$24,367,391$15,735,369$50,438,262
67$108,415,656$25,444,431$16,145,542$54,615,541
68$119,353,407$26,570,563$16,565,772$59,183,181
69$131,403,008$27,748,074$16,996,279$64,179,590
70$144,677,749$28,979,363$17,437,288$69,647,037
71$159,302,469$30,266,943$17,889,027$75,632,039
72$175,414,741$31,613,442$18,351,729$82,185,793
73$193,166,161$33,021,618$18,825,629$89,364,652
74$212,723,789$34,494,356$19,310,967$97,230,648
75$234,271,717$36,034,681$19,807,986$105,852,064
76$258,012,812$37,645,761$20,316,933$115,304,073
77$284,170,628$39,330,912$20,838,060$125,669,435
78$312,991,517$41,093,612$21,371,620$137,039,269
79$344,746,955$42,937,502$21,917,873$149,513,899
80$379,736,102$44,866,398$22,477,079$163,203,794
81$418,288,629$46,884,295$23,049,505$178,230,592
82$460,767,825$48,995,382$23,635,420$194,728,239
83$507,574,033$51,204,045$24,235,096$212,844,242
84$559,148,422$53,514,881$24,848,810$232,741,042
85$615,977,158$55,932,707$25,476,841$254,597,537
86$678,595,985$58,462,567$26,119,473$278,610,754
87$747,595,291$61,109,748$26,776,991$304,997,690
88$823,625,676$63,879,791$27,449,685$333,997,348
89$907,404,093$66,778,499$28,137,848$365,872,974
90$999,720,620$69,811,955$28,841,775$400,914,522
91$1,101,445,914$72,986,531$29,561,765$439,441,373
92$1,213,539,432$76,308,906$30,298,119$481,805,329
93$1,337,058,490$79,786,078$31,051,141$528,393,916
94$1,473,168,239$83,425,379$31,821,138$579,634,016
95$1,623,152,671$87,234,494$32,608,417$635,995,876
96$1,788,426,734$91,221,475$33,413,291$697,997,522
97$1,970,549,696$95,394,763$34,236,071$766,209,627
98$2,171,239,858$99,763,199$35,077,072$841,260,866
99$2,392,390,781$104,336,053$35,936,611$923,843,831
100$2,636,089,158$109,123,037$36,815,005$1,014,721,532