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%18.2%
1 years$652,375$646,564$640,894$635,360$629,957$609,061
2 years$322,958$316,943$311,114$305,462$299,980$279,130
3 years$213,166$207,126$201,311$195,712$190,319$170,170
4 years$158,282$152,259$146,503$141,000$135,737$116,444
5 years$125,359$119,373$113,692$108,301$103,185$84,798
6 years$103,418$97,477$91,880$86,609$81,647$64,181
7 years$87,752$81,861$76,353$71,206$66,401$49,854
8 years$76,008$70,170$64,753$59,733$55,086$39,446
9 years$66,878$61,096$55,772$50,879$46,390$31,639
10 years$59,579$53,853$48,623$43,859$39,527$25,640
11 years$53,611$47,942$42,807$38,170$33,994$20,946
12 years$48,641$43,030$37,990$33,480$29,459$17,220
13 years$44,439$38,887$33,942$29,558$25,689$14,228
14 years$40,840$35,347$30,497$26,238$22,519$11,804
15 years$37,724$32,290$27,535$23,400$19,827$9,825
16 years$35,000$29,626$24,964$20,952$17,523$8,201
17 years$32,599$27,284$22,716$18,825$15,537$6,860
18 years$30,467$25,212$20,737$16,965$13,815$5,749
19 years$28,562$23,366$18,984$15,330$12,314$4,825
20 years$26,850$21,713$17,422$13,884$10,999$4,055
21 years$25,302$20,225$16,025$12,601$9,843$3,411
22 years$23,897$18,879$14,770$11,457$8,823$2,872
23 years$22,617$17,657$13,637$10,434$7,920$2,421
24 years$21,444$16,544$12,612$9,516$7,118$2,041
25 years$20,367$15,525$11,681$8,691$6,405$1,722
26 years$19,375$14,591$10,834$7,947$5,770$1,453
27 years$18,458$13,732$10,060$7,274$5,202$1,227
28 years$17,607$12,940$9,352$6,664$4,694$1,036
29 years$16,817$12,207$8,703$6,111$4,238$875
30 years$16,081$11,528$8,107$5,609$3,830$740
31 years$15,394$10,898$7,558$5,151$3,462$625
32 years$14,751$10,312$7,051$4,734$3,132$528
33 years$14,148$9,765$6,584$4,353$2,834$447
34 years$13,582$9,255$6,152$4,005$2,566$378
35 years$13,049$8,779$5,751$3,687$2,324$319
36 years$12,547$8,332$5,380$3,396$2,106$270
37 years$12,073$7,914$5,036$3,129$1,909$228
38 years$11,626$7,521$4,716$2,884$1,730$193
39 years$11,202$7,152$4,418$2,659$1,569$163
40 years$10,801$6,804$4,141$2,453$1,423$138
41 years$10,420$6,477$3,883$2,263$1,291$117
42 years$10,058$6,168$3,642$2,088$1,172$99
43 years$9,714$5,877$3,418$1,928$1,063$84
44 years$9,386$5,602$3,208$1,780$965$71
45 years$9,074$5,342$3,013$1,644$876$60
46 years$8,777$5,096$2,829$1,518$796$51
47 years$8,493$4,863$2,658$1,403$722$43
48 years$8,221$4,643$2,498$1,296$656$36
49 years$7,962$4,434$2,348$1,198$596$31
50 years$7,713$4,235$2,207$1,107$541$26

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 $4,456 every year, while hoping to spend $42,045 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: 41/44/15 Blend
39$7,900,000$7,900,000$7,900,000$7,900,000
40$8,710,396$8,291,696$8,169,246$9,028,770
41$9,554,121$8,653,254$8,398,181$9,615,727
42$10,482,497$9,031,119$8,633,375$10,246,150
43$11,504,113$9,426,045$8,874,995$10,927,576
44$12,628,435$9,838,824$9,123,209$11,664,671
45$13,865,891$10,270,282$9,378,193$12,462,557
46$15,227,973$10,721,286$9,640,123$13,326,853
47$16,727,341$11,192,744$9,909,182$14,263,727
48$18,377,947$11,685,606$10,185,557$15,279,951
49$20,195,165$12,200,868$10,469,440$16,382,959
50$22,195,932$12,739,571$10,761,027$17,580,916
51$24,398,915$13,302,808$11,060,519$18,882,792
52$26,824,681$13,891,722$11,368,123$20,298,438
53$29,495,892$14,507,510$11,684,049$21,838,680
54$32,437,523$15,151,428$12,008,514$23,515,414
55$35,677,091$15,824,789$12,341,740$25,341,715
56$39,244,920$16,528,969$12,683,954$27,331,953
57$43,174,423$17,265,409$13,035,388$29,501,928
58$47,502,421$18,035,621$13,396,280$31,869,008
59$52,269,488$18,841,186$13,766,875$34,452,296
60$57,520,332$19,683,761$14,147,422$37,272,794
61$63,304,222$20,565,082$14,538,177$40,353,604
62$69,675,449$21,486,967$14,939,402$43,720,136
63$76,693,838$22,451,322$15,351,365$47,400,342
64$84,425,315$23,460,142$15,774,341$51,424,971
65$92,942,527$24,515,518$16,208,612$55,827,857
66$102,325,528$25,619,642$16,654,463$60,646,225
67$112,662,535$26,774,808$17,112,191$65,921,038
68$124,050,761$27,983,421$17,582,097$71,697,377
69$136,597,330$29,248,000$18,064,489$78,024,853
70$150,420,292$30,571,185$18,559,683$84,958,070
71$165,649,731$31,955,743$19,068,001$92,557,130
72$182,429,000$33,404,571$19,589,776$100,888,193
73$200,916,069$34,920,706$20,125,344$110,024,086
74$221,285,017$36,507,329$20,675,052$120,044,985
75$243,727,676$38,167,776$21,239,254$131,039,157
76$268,455,442$39,905,540$21,818,312$143,103,783
77$295,701,267$41,724,282$22,412,596$156,345,865
78$325,721,863$43,627,838$23,022,484$170,883,218
79$358,800,120$45,620,229$23,648,364$186,845,575
80$395,247,780$47,705,668$24,290,632$204,375,793
81$435,408,378$49,888,570$24,949,693$223,631,188
82$479,660,484$52,173,562$25,625,960$244,785,008
83$528,421,280$54,565,493$26,319,856$268,028,045
84$582,150,493$57,069,444$27,031,813$293,570,427
85$641,354,738$59,690,742$27,762,273$321,643,581
86$706,592,300$62,434,967$28,511,689$352,502,396
87$778,478,404$65,307,970$29,280,520$386,427,616
88$857,691,022$68,315,881$30,069,238$423,728,465
89$944,977,273$71,465,126$30,878,324$464,745,547
90$1,041,160,477$74,762,440$31,708,271$509,854,041
91$1,147,147,928$78,214,881$32,559,579$559,467,214
92$1,263,939,454$81,829,848$33,432,763$614,040,305
93$1,392,636,863$85,615,095$34,328,345$674,074,794
94$1,534,454,338$89,578,750$35,246,860$740,123,106
95$1,690,729,904$93,729,333$36,188,853$812,793,807
96$1,862,938,057$98,075,772$37,154,882$892,757,310
97$2,052,703,682$102,627,429$38,145,514$980,752,181
98$2,261,817,399$107,394,114$39,161,330$1,077,592,076
99$2,492,252,460$112,386,111$40,202,921$1,184,173,389
100$2,746,183,382$117,614,202$41,270,890$1,301,483,680