Can I retire at age 40 with 7,900,000?

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 $7,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$652,375$646,564$640,894$635,360$629,957$618,503
2 years$322,958$316,943$311,114$305,462$299,980$288,481
3 years$213,166$207,126$201,311$195,712$190,319$179,134
4 years$158,282$152,259$146,503$141,000$135,737$124,952
5 years$125,359$119,373$113,692$108,301$103,185$92,830
6 years$103,418$97,477$91,880$86,609$81,647$71,734
7 years$87,752$81,861$76,353$71,206$66,401$56,933
8 years$76,008$70,170$64,753$59,733$55,086$46,060
9 years$66,878$61,096$55,772$50,879$46,390$37,802
10 years$59,579$53,853$48,623$43,859$39,527$31,368
11 years$53,611$47,942$42,807$38,170$33,994$26,255
12 years$48,641$43,030$37,990$33,480$29,459$22,129
13 years$44,439$38,887$33,942$29,558$25,689$18,757
14 years$40,840$35,347$30,497$26,238$22,519$15,973
15 years$37,724$32,290$27,535$23,400$19,827$13,654
16 years$35,000$29,626$24,964$20,952$17,523$11,709
17 years$32,599$27,284$22,716$18,825$15,537$10,069
18 years$30,467$25,212$20,737$16,965$13,815$8,678
19 years$28,562$23,366$18,984$15,330$12,314$7,494
20 years$26,850$21,713$17,422$13,884$10,999$6,482
21 years$25,302$20,225$16,025$12,601$9,843$5,614
22 years$23,897$18,879$14,770$11,457$8,823$4,869
23 years$22,617$17,657$13,637$10,434$7,920$4,227
24 years$21,444$16,544$12,612$9,516$7,118$3,673
25 years$20,367$15,525$11,681$8,691$6,405$3,194
26 years$19,375$14,591$10,834$7,947$5,770$2,780
27 years$18,458$13,732$10,060$7,274$5,202$2,420
28 years$17,607$12,940$9,352$6,664$4,694$2,108
29 years$16,817$12,207$8,703$6,111$4,238$1,837
30 years$16,081$11,528$8,107$5,609$3,830$1,602
31 years$15,394$10,898$7,558$5,151$3,462$1,397
32 years$14,751$10,312$7,051$4,734$3,132$1,219
33 years$14,148$9,765$6,584$4,353$2,834$1,064
34 years$13,582$9,255$6,152$4,005$2,566$928
35 years$13,049$8,779$5,751$3,687$2,324$810
36 years$12,547$8,332$5,380$3,396$2,106$708
37 years$12,073$7,914$5,036$3,129$1,909$618
38 years$11,626$7,521$4,716$2,884$1,730$540
39 years$11,202$7,152$4,418$2,659$1,569$471
40 years$10,801$6,804$4,141$2,453$1,423$412
41 years$10,420$6,477$3,883$2,263$1,291$360
42 years$10,058$6,168$3,642$2,088$1,172$314
43 years$9,714$5,877$3,418$1,928$1,063$275
44 years$9,386$5,602$3,208$1,780$965$240
45 years$9,074$5,342$3,013$1,644$876$210
46 years$8,777$5,096$2,829$1,518$796$183
47 years$8,493$4,863$2,658$1,403$722$160
48 years$8,221$4,643$2,498$1,296$656$140
49 years$7,962$4,434$2,348$1,198$596$122
50 years$7,713$4,235$2,207$1,107$541$107

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $7,900,000, adding $6,944 every year, while hoping to spend $46,937 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: 62/32/6 Blend
39$7,900,000$7,900,000$7,900,000$7,900,000
40$8,712,963$8,294,263$8,171,813$9,243,417
41$9,551,744$8,650,741$8,395,628$9,954,669
42$10,474,509$9,023,114$8,625,368$10,724,510
43$11,489,772$9,412,110$8,861,181$11,563,511
44$12,606,919$9,818,493$9,103,220$12,478,349
45$13,836,287$10,243,062$9,351,642$13,476,367
46$15,189,271$10,686,655$9,606,604$14,565,639
47$16,678,422$11,150,146$9,868,270$15,755,046
48$18,317,572$11,634,454$10,136,808$17,054,356
49$20,121,960$12,140,538$10,412,387$18,474,316
50$22,108,380$12,669,404$10,695,182$20,026,746
51$24,295,334$13,222,105$10,985,371$21,724,655
52$26,703,214$13,799,743$11,283,135$23,582,354
53$29,354,484$14,403,473$11,588,663$25,615,592
54$32,273,901$15,034,503$11,902,143$27,841,703
55$35,488,744$15,694,099$12,223,770$30,279,760
56$39,029,073$16,383,587$12,553,744$32,950,760
57$42,928,011$17,104,355$12,892,266$35,877,812
58$47,222,056$17,857,857$13,239,545$39,086,355
59$51,951,429$18,645,615$13,595,793$42,604,393
60$57,160,449$19,469,223$13,961,226$46,462,755
61$62,897,952$20,330,353$14,336,065$50,695,385
62$69,217,756$21,230,753$14,720,536$55,339,651
63$76,179,163$22,172,256$15,114,869$60,436,703
64$83,847,520$23,156,779$15,519,300$66,031,848
65$92,294,840$24,186,334$15,934,070$72,174,975
66$101,600,475$25,263,026$16,359,422$78,921,025
67$111,851,869$26,389,060$16,795,608$86,330,499
68$123,145,382$27,566,746$17,242,883$94,470,024
69$135,587,198$28,798,504$17,701,507$103,412,981
70$149,294,331$30,086,869$18,171,746$113,240,184
71$164,395,725$31,434,497$18,653,872$124,040,641
72$181,033,471$32,844,171$19,148,159$135,912,388
73$199,364,154$34,318,803$19,654,891$148,963,404
74$219,560,322$35,861,449$20,174,354$163,312,625
75$241,812,122$37,475,307$20,706,842$179,091,058
76$266,329,089$39,163,728$21,252,652$196,443,011
77$293,342,129$40,930,224$21,812,089$215,527,446
78$323,105,695$42,778,473$22,385,463$236,519,469
79$355,900,189$44,712,331$22,973,089$259,611,975
80$392,034,609$46,735,836$23,575,288$285,017,463
81$431,849,466$48,853,220$24,192,387$312,970,022
82$475,720,000$51,068,916$24,824,721$343,727,542
83$524,059,718$53,387,571$25,472,627$377,574,128
84$577,324,300$55,814,052$26,136,450$414,822,774
85$636,015,899$58,353,462$26,816,542$455,818,307
86$700,687,885$61,011,145$27,513,260$500,940,627
87$771,950,061$63,792,703$28,226,966$550,608,281
88$850,474,427$66,704,006$28,958,030$605,282,398
89$937,001,521$69,751,204$29,706,826$665,471,033
90$1,032,347,408$72,940,744$30,473,736$731,733,942
91$1,137,411,384$76,279,382$31,259,147$804,687,852
92$1,253,184,469$79,774,196$32,063,453$885,012,269
93$1,380,758,758$83,432,605$32,887,052$973,455,872
94$1,521,337,734$87,262,384$33,730,350$1,070,843,563
95$1,676,247,624$91,271,682$34,593,758$1,178,084,237
96$1,846,949,927$95,469,040$35,477,694$1,296,179,339
97$2,035,055,203$99,863,407$36,382,581$1,426,232,302
98$2,242,338,284$104,464,164$37,308,847$1,569,458,937
99$2,470,755,024$109,281,142$38,256,928$1,727,198,890
100$2,722,460,765$114,324,648$39,227,264$1,900,928,265