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

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 $7,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$652,375$646,564$640,894$635,360$629,957$619,266
2 years$322,958$316,943$311,114$305,462$299,980$289,242
3 years$213,166$207,126$201,311$195,712$190,319$179,869
4 years$158,282$152,259$146,503$141,000$135,737$125,654
5 years$125,359$119,373$113,692$108,301$103,185$93,499
6 years$103,418$97,477$91,880$86,609$81,647$72,369
7 years$87,752$81,861$76,353$71,206$66,401$57,533
8 years$76,008$70,170$64,753$59,733$55,086$46,627
9 years$66,878$61,096$55,772$50,879$46,390$38,335
10 years$59,579$53,853$48,623$43,859$39,527$31,869
11 years$53,611$47,942$42,807$38,170$33,994$26,725
12 years$48,641$43,030$37,990$33,480$29,459$22,569
13 years$44,439$38,887$33,942$29,558$25,689$19,168
14 years$40,840$35,347$30,497$26,238$22,519$16,355
15 years$37,724$32,290$27,535$23,400$19,827$14,010
16 years$35,000$29,626$24,964$20,952$17,523$12,040
17 years$32,599$27,284$22,716$18,825$15,537$10,375
18 years$30,467$25,212$20,737$16,965$13,815$8,962
19 years$28,562$23,366$18,984$15,330$12,314$7,756
20 years$26,850$21,713$17,422$13,884$10,999$6,724
21 years$25,302$20,225$16,025$12,601$9,843$5,837
22 years$23,897$18,879$14,770$11,457$8,823$5,074
23 years$22,617$17,657$13,637$10,434$7,920$4,415
24 years$21,444$16,544$12,612$9,516$7,118$3,846
25 years$20,367$15,525$11,681$8,691$6,405$3,352
26 years$19,375$14,591$10,834$7,947$5,770$2,924
27 years$18,458$13,732$10,060$7,274$5,202$2,552
28 years$17,607$12,940$9,352$6,664$4,694$2,229
29 years$16,817$12,207$8,703$6,111$4,238$1,947
30 years$16,081$11,528$8,107$5,609$3,830$1,702
31 years$15,394$10,898$7,558$5,151$3,462$1,488
32 years$14,751$10,312$7,051$4,734$3,132$1,301
33 years$14,148$9,765$6,584$4,353$2,834$1,138
34 years$13,582$9,255$6,152$4,005$2,566$996
35 years$13,049$8,779$5,751$3,687$2,324$872
36 years$12,547$8,332$5,380$3,396$2,106$763
37 years$12,073$7,914$5,036$3,129$1,909$668
38 years$11,626$7,521$4,716$2,884$1,730$585
39 years$11,202$7,152$4,418$2,659$1,569$512
40 years$10,801$6,804$4,141$2,453$1,423$449
41 years$10,420$6,477$3,883$2,263$1,291$393
42 years$10,058$6,168$3,642$2,088$1,172$344
43 years$9,714$5,877$3,418$1,928$1,063$302
44 years$9,386$5,602$3,208$1,780$965$264
45 years$9,074$5,342$3,013$1,644$876$231
46 years$8,777$5,096$2,829$1,518$796$203
47 years$8,493$4,863$2,658$1,403$722$178
48 years$8,221$4,643$2,498$1,296$656$156
49 years$7,962$4,434$2,348$1,198$596$136
50 years$7,713$4,235$2,207$1,107$541$120

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 $4,016 every year, while hoping to spend $57,411 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: 59/28/13 Blend
39$7,900,000$7,900,000$7,900,000$7,900,000
40$8,709,943$8,291,243$8,168,793$9,195,528
41$9,537,272$8,636,429$8,381,362$9,868,493
42$10,447,064$8,996,604$8,599,129$10,595,222
43$11,447,671$9,372,444$8,822,206$11,386,315
44$12,548,293$9,764,653$9,050,709$12,247,977
45$13,759,065$10,173,968$9,284,754$13,187,032
46$15,091,159$10,601,161$9,524,462$14,210,984
47$16,556,879$11,047,040$9,769,954$15,328,088
48$18,169,785$11,512,449$10,021,351$16,547,425
49$19,944,816$11,998,272$10,278,780$17,878,985
50$21,898,435$12,505,435$10,542,366$19,333,760
51$24,048,779$13,034,905$10,812,239$20,923,844
52$26,415,834$13,587,695$11,088,529$22,662,548
53$29,021,623$14,164,866$11,371,368$24,564,519
54$31,890,410$14,767,526$11,660,891$26,645,877
55$35,048,933$15,396,836$11,957,233$28,924,368
56$38,526,656$16,054,013$12,260,531$31,419,521
57$42,356,043$16,740,327$12,570,927$34,152,839
58$46,572,866$17,457,110$12,888,560$37,147,990
59$51,216,545$18,205,756$13,213,574$40,431,032
60$56,330,517$18,987,722$13,546,113$44,030,655
61$61,962,646$19,804,536$13,886,323$47,978,447
62$68,165,674$20,657,796$14,234,353$52,309,191
63$74,997,720$21,549,176$14,590,351$57,061,185
64$82,522,827$22,480,426$14,954,468$62,276,605
65$90,811,569$23,453,380$15,326,856$68,001,895
66$99,941,712$24,469,959$15,707,669$74,288,202
67$109,998,952$25,532,172$16,097,061$81,191,855
68$121,077,721$26,642,124$16,495,188$88,774,892
69$133,282,078$27,802,018$16,902,207$97,105,638
70$146,726,695$29,014,161$17,318,275$106,259,349
71$161,537,932$30,280,969$17,743,552$116,318,914
72$177,855,037$31,604,972$18,178,197$127,375,634
73$195,831,454$32,988,819$18,622,369$139,530,075
74$215,636,274$34,435,283$19,076,231$152,893,013
75$237,455,831$35,947,270$19,539,942$167,586,475
76$261,495,460$37,527,820$20,013,664$183,744,879
77$287,981,434$39,180,120$20,497,559$201,516,302
78$317,163,100$40,907,506$20,991,787$221,063,868
79$349,315,235$42,713,472$21,496,510$242,567,278
80$384,740,634$44,601,677$22,011,888$266,224,500
81$423,772,974$46,575,955$22,538,082$292,253,634
82$466,779,960$48,640,320$23,075,251$320,894,953
83$514,166,796$50,798,976$23,623,552$352,413,171
84$566,380,011$53,056,327$24,183,142$387,099,926
85$623,911,672$55,416,987$24,754,178$425,276,527
86$687,304,031$57,885,788$25,336,811$467,296,976
87$757,154,641$60,467,790$25,931,193$513,551,298
88$834,122,001$63,168,298$26,537,474$564,469,212
89$918,931,764$65,992,864$27,155,799$620,524,178
90$1,012,383,597$68,947,308$27,786,311$682,237,850
91$1,115,358,723$72,037,724$28,429,151$750,184,991
92$1,228,828,239$75,270,499$29,084,454$824,998,884
93$1,353,862,287$78,652,321$29,752,351$907,377,299
94$1,491,640,156$82,190,201$30,432,971$998,089,059
95$1,643,461,411$85,891,480$31,126,434$1,097,981,292
96$1,810,758,164$89,763,851$31,832,859$1,207,987,403
97$1,995,108,592$93,815,375$32,552,354$1,329,135,875
98$2,198,251,835$98,054,496$33,285,026$1,462,559,957
99$2,422,104,418$102,490,062$34,030,970$1,609,508,347
100$2,668,778,338$107,131,344$34,790,276$1,771,356,960