Can I retire at age 40 with 7,800,000?

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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$644,117$638,379$632,782$627,318$621,983$599,914
2 years$318,870$312,931$307,176$301,595$296,182$274,184
3 years$210,468$204,504$198,763$193,235$187,910$166,673
4 years$156,278$150,332$144,648$139,215$134,019$113,706
5 years$123,772$117,862$112,253$106,930$101,879$82,543
6 years$102,109$96,243$90,717$85,513$80,614$62,269
7 years$86,641$80,825$75,386$70,305$65,560$48,203
8 years$75,046$69,282$63,934$58,977$54,389$38,005
9 years$66,032$60,322$55,066$50,235$45,803$30,371
10 years$58,825$53,171$48,008$43,303$39,027$24,520
11 years$52,932$47,335$42,265$37,687$33,564$19,953
12 years$48,025$42,486$37,509$33,057$29,086$16,338
13 years$43,876$38,395$33,512$29,184$25,364$13,444
14 years$40,323$34,900$30,111$25,906$22,234$11,107
15 years$37,246$31,881$27,186$23,104$19,576$9,206
16 years$34,557$29,251$24,648$20,687$17,301$7,650
17 years$32,186$26,939$22,429$18,587$15,341$6,371
18 years$30,082$24,893$20,475$16,751$13,640$5,316
19 years$28,201$23,070$18,744$15,136$12,158$4,441
20 years$26,510$21,438$17,202$13,708$10,860$3,715
21 years$24,982$19,969$15,822$12,441$9,718$3,111
22 years$23,595$18,640$14,583$11,312$8,711$2,607
23 years$22,330$17,434$13,465$10,302$7,819$2,187
24 years$21,173$16,334$12,453$9,396$7,028$1,835
25 years$20,110$15,329$11,534$8,581$6,324$1,541
26 years$19,130$14,407$10,697$7,846$5,697$1,294
27 years$18,224$13,558$9,933$7,182$5,136$1,087
28 years$17,384$12,776$9,234$6,580$4,634$914
29 years$16,604$12,053$8,593$6,034$4,185$768
30 years$15,877$11,382$8,004$5,538$3,781$646
31 years$15,199$10,760$7,462$5,086$3,419$543
32 years$14,564$10,181$6,962$4,674$3,092$457
33 years$13,969$9,642$6,501$4,298$2,799$384
34 years$13,410$9,138$6,074$3,955$2,534$323
35 years$12,884$8,667$5,678$3,640$2,295$272
36 years$12,388$8,227$5,312$3,353$2,079$229
37 years$11,921$7,813$4,972$3,089$1,885$193
38 years$11,479$7,426$4,656$2,847$1,709$162
39 years$11,060$7,061$4,362$2,625$1,549$136
40 years$10,664$6,718$4,089$2,422$1,405$115
41 years$10,288$6,395$3,834$2,234$1,275$97
42 years$9,931$6,090$3,596$2,062$1,157$81
43 years$9,591$5,803$3,375$1,903$1,050$68
44 years$9,268$5,531$3,168$1,757$953$58
45 years$8,959$5,275$2,974$1,623$865$48
46 years$8,666$5,032$2,794$1,499$786$41
47 years$8,385$4,802$2,625$1,385$713$34
48 years$8,117$4,584$2,466$1,280$648$29
49 years$7,861$4,377$2,318$1,183$588$24
50 years$7,616$4,182$2,179$1,093$534$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $7,800,000, adding $5,961 every year, while hoping to spend $29,602 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: 54/27/19 Blend
39$7,800,000$7,800,000$7,800,000$7,800,000
40$8,601,749$8,188,349$8,067,449$9,021,620
41$9,447,631$8,558,082$8,306,212$9,679,403
42$10,378,801$8,944,939$8,551,982$10,391,428
43$11,403,927$9,349,729$8,804,961$11,165,861
44$12,532,560$9,773,299$9,065,360$12,008,668
45$13,775,224$10,216,534$9,333,393$12,926,404
46$15,143,518$10,680,365$9,609,282$13,926,278
47$16,650,219$11,165,764$9,893,255$15,016,214
48$18,309,408$11,673,754$10,185,546$16,204,927
49$20,136,602$12,205,402$10,486,396$17,502,000
50$22,148,898$12,761,829$10,796,053$18,917,975
51$24,365,136$13,344,210$11,114,772$20,464,445
52$26,806,079$13,953,775$11,442,815$22,154,166
53$29,494,601$14,591,812$11,780,452$24,001,167
54$32,455,914$15,259,674$12,127,961$26,020,890
55$35,717,796$15,958,777$12,485,626$28,230,321
56$39,310,858$16,690,604$12,853,741$30,648,155
57$43,268,832$17,456,710$13,232,609$33,294,965
58$47,628,891$18,258,727$13,622,538$36,193,394
59$52,431,994$19,098,361$14,023,850$39,368,363
60$57,723,280$19,977,403$14,436,872$42,847,306
61$63,552,489$20,897,730$14,861,941$46,660,418
62$69,974,432$21,861,308$15,299,406$50,840,942
63$77,049,510$22,870,199$15,749,622$55,425,477
64$84,844,284$23,926,562$16,212,958$60,454,314
65$93,432,100$25,032,663$16,689,791$65,971,817
66$102,893,784$26,190,873$17,180,509$72,026,832
67$113,318,406$27,403,682$17,685,512$78,673,146
68$124,804,118$28,673,697$18,205,211$85,969,986
69$137,459,080$30,003,650$18,740,027$93,982,573
70$151,402,483$31,396,406$19,290,396$102,782,734
71$166,765,675$32,854,969$19,856,763$112,449,568
72$183,693,397$34,382,485$20,439,587$123,070,189
73$202,345,152$35,982,255$21,039,342$134,740,543
74$222,896,709$37,657,737$21,656,511$147,566,300
75$245,541,764$39,412,557$22,291,595$161,663,852
76$270,493,767$41,250,515$22,945,106$177,161,394
77$297,987,936$43,175,595$23,617,572$194,200,133
78$328,283,480$45,191,974$24,309,536$212,935,608
79$361,666,045$47,304,030$25,021,555$233,539,151
80$398,450,407$49,516,353$25,754,202$256,199,493
81$438,983,448$51,833,754$26,508,068$281,124,533
82$483,647,429$54,261,278$27,283,757$308,543,297
83$532,863,598$56,804,211$28,081,894$338,708,080
84$587,096,166$59,468,099$28,903,119$371,896,822
85$646,856,691$62,258,752$29,748,090$408,415,716
86$712,708,907$65,182,264$30,617,484$448,602,087
87$785,274,042$68,245,022$31,511,996$492,827,563
88$865,236,689$71,453,723$32,432,343$541,501,568
89$953,351,265$74,815,388$33,379,260$595,075,174
90$1,050,449,131$78,337,379$34,353,502$654,045,340
91$1,157,446,444$82,027,412$35,355,846$718,959,593
92$1,275,352,805$85,893,580$36,387,091$790,421,175
93$1,405,280,790$89,944,364$37,448,057$869,094,721
94$1,548,456,453$94,188,660$38,539,589$955,712,517
95$1,706,230,899$98,635,793$39,662,554$1,051,081,390
96$1,880,093,044$103,295,539$40,817,842$1,156,090,309
97$2,071,683,665$108,178,151$42,006,370$1,271,718,751
98$2,282,810,894$113,294,376$43,229,080$1,399,045,929
99$2,515,467,290$118,655,485$44,486,938$1,539,260,957
100$2,771,848,643$124,273,293$45,780,940$1,693,674,049