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%11.1%
1 years$635,859$630,195$624,669$619,275$614,009$611,164
2 years$314,782$308,919$303,237$297,729$292,385$289,514
3 years$207,770$201,882$196,215$190,758$185,501$182,692
4 years$154,274$148,405$142,794$137,430$132,301$129,576
5 years$122,186$116,351$110,814$105,559$100,573$97,940
6 years$100,800$95,009$89,554$84,417$79,580$77,042
7 years$85,531$79,789$74,420$69,404$64,720$62,279
8 years$74,084$68,394$63,114$58,221$53,691$51,347
9 years$65,185$59,549$54,360$49,591$45,216$42,967
10 years$58,071$52,490$47,392$42,748$38,526$36,373
11 years$52,254$46,728$41,723$37,204$33,134$31,074
12 years$47,409$41,941$37,029$32,633$28,713$26,746
13 years$43,314$37,902$33,083$28,810$25,038$23,161
14 years$39,806$34,452$29,725$25,574$21,948$20,159
15 years$36,769$31,473$26,838$22,808$19,325$17,622
16 years$34,114$28,876$24,332$20,422$17,080$15,460
17 years$31,774$26,593$22,141$18,349$15,144$13,606
18 years$29,696$24,573$20,212$16,536$13,465$12,006
19 years$27,839$22,774$18,503$14,942$12,002$10,619
20 years$26,170$21,163$16,981$13,533$10,720$9,411
21 years$24,662$19,713$15,620$12,282$9,594$8,355
22 years$23,292$18,401$14,396$11,167$8,599$7,428
23 years$22,044$17,210$13,292$10,170$7,719$6,614
24 years$20,901$16,125$12,293$9,275$6,938$5,896
25 years$19,852$15,132$11,386$8,471$6,243$5,261
26 years$18,885$14,222$10,560$7,745$5,624$4,699
27 years$17,990$13,384$9,806$7,090$5,070$4,200
28 years$17,162$12,612$9,116$6,496$4,575$3,758
29 years$16,391$11,898$8,483$5,957$4,131$3,363
30 years$15,674$11,236$7,901$5,467$3,733$3,013
31 years$15,004$10,622$7,366$5,021$3,375$2,700
32 years$14,377$10,051$6,873$4,614$3,053$2,420
33 years$13,790$9,518$6,417$4,243$2,763$2,171
34 years$13,238$9,021$5,996$3,904$2,501$1,948
35 years$12,719$8,556$5,606$3,594$2,266$1,748
36 years$12,229$8,121$5,244$3,310$2,053$1,569
37 years$11,768$7,713$4,908$3,050$1,860$1,409
38 years$11,331$7,330$4,596$2,811$1,687$1,266
39 years$10,918$6,970$4,306$2,592$1,529$1,137
40 years$10,527$6,632$4,036$2,391$1,387$1,022
41 years$10,156$6,313$3,785$2,206$1,259$918
42 years$9,803$6,012$3,550$2,035$1,142$826
43 years$9,468$5,728$3,331$1,879$1,036$742
44 years$9,149$5,460$3,127$1,735$941$667
45 years$8,845$5,207$2,936$1,602$854$600
46 years$8,554$4,967$2,758$1,480$775$540
47 years$8,278$4,740$2,591$1,367$704$485
48 years$8,013$4,525$2,435$1,263$639$437
49 years$7,760$4,321$2,289$1,168$581$393
50 years$7,518$4,128$2,152$1,079$528$353

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 $3,451 every year, while hoping to spend $46,945 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: 69/23/8 Blend
39$7,700,000$7,700,000$7,700,000$7,700,000
40$8,488,960$8,080,860$7,961,510$9,062,462
41$9,304,884$8,426,873$8,178,271$9,788,791
42$10,202,460$8,788,267$8,400,721$10,577,008
43$11,189,966$9,165,747$8,628,999$11,437,973
44$12,276,523$9,560,049$8,863,251$12,378,812
45$13,472,182$9,971,945$9,103,624$13,407,365
46$14,788,016$10,402,242$9,350,268$14,532,260
47$16,236,229$10,851,787$9,603,337$15,762,992
48$17,830,265$11,321,465$9,862,988$17,110,012
49$19,584,937$11,812,202$10,129,384$18,584,820
50$21,516,569$12,324,968$10,402,686$20,200,076
51$23,643,147$12,860,780$10,683,065$21,969,716
52$25,984,491$13,420,701$10,970,691$23,909,081
53$28,562,439$14,005,846$11,265,739$26,035,061
54$31,401,055$14,617,379$11,568,388$28,366,248
55$34,526,855$15,256,523$11,878,822$30,923,115
56$37,969,058$15,924,556$12,197,226$33,728,204
57$41,759,860$16,622,818$12,523,791$36,806,335
58$45,934,740$17,352,710$12,858,712$40,184,840
59$50,532,791$18,115,700$13,202,187$43,893,817
60$55,597,094$18,913,328$13,554,418$47,966,410
61$61,175,120$19,747,203$13,915,613$52,439,121
62$67,319,179$20,619,013$14,285,983$57,352,150
63$74,086,913$21,530,523$14,665,742$62,749,774
64$81,541,844$22,483,584$15,055,110$68,680,755
65$89,753,967$23,480,135$15,454,311$75,198,803
66$98,800,415$24,522,204$15,863,573$82,363,078
67$108,766,183$25,611,918$16,283,129$90,238,741
68$119,744,936$26,751,505$16,713,216$98,897,570
69$131,839,887$27,943,296$17,154,076$108,418,629
70$145,164,773$29,189,735$17,605,956$118,889,012
71$159,844,930$30,493,382$18,069,105$130,404,660
72$176,018,474$31,856,918$18,543,781$143,071,262
73$193,837,604$33,283,153$19,030,243$157,005,248
74$213,470,040$34,775,028$19,528,757$172,334,879
75$235,100,606$36,335,627$20,039,593$189,201,460
76$258,932,974$37,968,178$20,563,025$207,760,660
77$285,191,584$39,676,066$21,099,333$228,183,979
78$314,123,768$41,462,835$21,648,803$250,660,362
79$346,002,077$43,332,199$22,211,723$275,397,972
80$381,126,861$45,288,049$22,788,388$302,626,153
81$419,829,099$47,334,462$23,379,097$332,597,584
82$462,473,525$49,475,708$23,984,154$365,590,656
83$509,462,071$51,716,265$24,603,870$401,912,097
84$561,237,661$54,060,820$25,238,558$441,899,855
85$618,288,390$56,514,288$25,888,538$485,926,280
86$681,152,135$59,081,817$26,554,133$534,401,633
87$750,421,629$61,768,802$27,235,673$587,777,945
88$826,750,059$64,580,898$27,933,491$646,553,279
89$910,857,230$67,524,026$28,647,928$711,276,418
90$1,003,536,359$70,604,396$29,379,326$782,552,035
91$1,105,661,569$73,828,512$30,128,034$861,046,394
92$1,218,196,132$77,203,192$30,894,406$947,493,623
93$1,342,201,568$80,735,579$31,678,799$1,042,702,635
94$1,478,847,665$84,433,160$32,481,577$1,147,564,749
95$1,629,423,523$88,303,781$33,303,106$1,263,062,095
96$1,795,349,721$92,355,664$34,143,758$1,390,276,869
97$1,978,191,728$96,597,427$35,003,909$1,530,401,532
98$2,179,674,685$101,038,102$35,883,940$1,684,750,059
99$2,401,699,686$105,687,152$36,784,236$1,854,770,319
100$2,646,361,730$110,554,498$37,705,184$2,042,057,734