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%17%
1 years$652,375$646,564$640,894$635,360$629,957$612,000
2 years$322,958$316,943$311,114$305,462$299,980$282,027
3 years$213,166$207,126$201,311$195,712$190,319$172,935
4 years$158,282$152,259$146,503$141,000$135,737$119,054
5 years$125,359$119,373$113,692$108,301$103,185$87,249
6 years$103,418$97,477$91,880$86,609$81,647$66,472
7 years$87,752$81,861$76,353$71,206$66,401$51,988
8 years$76,008$70,170$64,753$59,733$55,086$41,426
9 years$66,878$61,096$55,772$50,879$46,390$33,471
10 years$59,579$53,853$48,623$43,859$39,527$27,330
11 years$53,611$47,942$42,807$38,170$33,994$22,500
12 years$48,641$43,030$37,990$33,480$29,459$18,645
13 years$44,439$38,887$33,942$29,558$25,689$15,531
14 years$40,840$35,347$30,497$26,238$22,519$12,993
15 years$37,724$32,290$27,535$23,400$19,827$10,907
16 years$35,000$29,626$24,964$20,952$17,523$9,182
17 years$32,599$27,284$22,716$18,825$15,537$7,749
18 years$30,467$25,212$20,737$16,965$13,815$6,552
19 years$28,562$23,366$18,984$15,330$12,314$5,549
20 years$26,850$21,713$17,422$13,884$10,999$4,706
21 years$25,302$20,225$16,025$12,601$9,843$3,996
22 years$23,897$18,879$14,770$11,457$8,823$3,397
23 years$22,617$17,657$13,637$10,434$7,920$2,889
24 years$21,444$16,544$12,612$9,516$7,118$2,460
25 years$20,367$15,525$11,681$8,691$6,405$2,095
26 years$19,375$14,591$10,834$7,947$5,770$1,785
27 years$18,458$13,732$10,060$7,274$5,202$1,522
28 years$17,607$12,940$9,352$6,664$4,694$1,298
29 years$16,817$12,207$8,703$6,111$4,238$1,108
30 years$16,081$11,528$8,107$5,609$3,830$945
31 years$15,394$10,898$7,558$5,151$3,462$807
32 years$14,751$10,312$7,051$4,734$3,132$689
33 years$14,148$9,765$6,584$4,353$2,834$588
34 years$13,582$9,255$6,152$4,005$2,566$502
35 years$13,049$8,779$5,751$3,687$2,324$429
36 years$12,547$8,332$5,380$3,396$2,106$366
37 years$12,073$7,914$5,036$3,129$1,909$313
38 years$11,626$7,521$4,716$2,884$1,730$267
39 years$11,202$7,152$4,418$2,659$1,569$229
40 years$10,801$6,804$4,141$2,453$1,423$195
41 years$10,420$6,477$3,883$2,263$1,291$167
42 years$10,058$6,168$3,642$2,088$1,172$143
43 years$9,714$5,877$3,418$1,928$1,063$122
44 years$9,386$5,602$3,208$1,780$965$104
45 years$9,074$5,342$3,013$1,644$876$89
46 years$8,777$5,096$2,829$1,518$796$76
47 years$8,493$4,863$2,658$1,403$722$65
48 years$8,221$4,643$2,498$1,296$656$56
49 years$7,962$4,434$2,348$1,198$596$47
50 years$7,713$4,235$2,207$1,107$541$41

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 $6,596 every year, while hoping to spend $33,938 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: 58/32/10 Blend
39$7,900,000$7,900,000$7,900,000$7,900,000
40$8,712,604$8,293,904$8,171,454$9,196,833
41$9,565,180$8,664,195$8,409,088$9,893,980
42$10,503,581$9,051,494$8,653,545$10,649,130
43$11,536,525$9,456,596$8,905,018$11,471,414
44$12,673,620$9,880,339$9,163,706$12,367,271
45$13,925,450$10,323,596$9,429,811$13,343,783
46$15,303,679$10,787,286$9,703,542$14,408,734
47$16,821,160$11,272,368$9,985,116$15,570,683
48$18,492,053$11,779,848$10,274,752$16,839,044
49$20,331,964$12,310,783$10,572,678$18,224,166
50$22,358,088$12,866,275$10,879,126$19,737,437
51$24,589,373$13,447,482$11,194,337$21,391,379
52$27,046,698$14,055,618$11,518,557$23,199,772
53$29,753,070$14,691,952$11,852,037$25,177,772
54$32,733,842$15,357,817$12,195,040$27,342,058
55$36,016,951$16,054,606$12,547,830$29,710,981
56$39,633,181$16,783,783$12,910,683$32,304,739
57$43,616,454$17,546,877$13,283,880$35,145,555
58$48,004,154$18,345,496$13,667,711$38,257,892
59$52,837,471$19,181,319$14,062,473$41,668,674
60$58,161,800$20,056,110$14,468,472$45,407,537
61$64,027,159$20,971,715$14,886,022$49,507,104
62$70,488,670$21,930,069$15,315,444$54,003,290
63$77,607,073$22,933,202$15,757,071$58,935,633
64$85,449,303$23,983,237$16,211,241$64,347,663
65$94,089,119$25,082,403$16,678,305$70,287,309
66$103,607,802$26,233,034$17,158,621$76,807,342
67$114,094,921$27,437,575$17,652,558$83,965,871
68$125,649,178$28,698,592$18,160,494$91,826,882
69$138,379,342$30,018,770$18,682,818$100,460,839
70$152,405,272$31,400,927$19,219,929$109,945,337
71$167,859,050$32,848,013$19,772,238$120,365,832
72$184,886,230$34,363,123$20,340,165$131,816,437
73$203,647,208$35,949,498$20,924,142$144,400,804
74$224,318,736$37,610,536$21,524,614$158,233,094
75$247,095,595$39,349,800$22,142,036$173,439,045
76$272,192,428$41,171,023$22,776,877$190,157,152
77$299,845,771$43,078,118$23,429,617$208,539,960
78$330,316,280$45,075,187$24,100,750$228,755,500
79$363,891,198$47,166,528$24,790,783$250,988,861
80$400,887,062$49,356,649$25,500,235$275,443,928
81$441,652,690$51,650,274$26,229,642$302,345,293
82$486,572,480$54,052,353$26,979,550$331,940,366
83$536,070,032$56,568,077$27,750,524$364,501,697
84$590,612,150$59,202,887$28,543,141$400,329,535
85$650,713,247$61,962,487$29,357,994$439,754,647
86$716,940,204$64,852,854$30,195,693$483,141,432
87$789,917,719$67,880,257$31,056,862$530,891,339
88$870,334,202$71,051,266$31,942,143$583,446,647
89$958,948,280$74,372,768$32,852,194$641,294,619
90$1,056,595,954$77,851,983$33,787,692$704,972,087
91$1,164,198,492$81,496,480$34,749,330$775,070,502
92$1,282,771,126$85,314,195$35,737,820$852,241,497
93$1,413,432,636$89,313,447$36,753,893$937,203,020
94$1,557,415,915$93,502,955$37,798,298$1,030,746,092
95$1,716,079,602$97,891,864$38,871,805$1,133,742,250
96$1,890,920,914$102,489,758$39,975,203$1,247,151,755
97$2,083,589,777$107,306,686$41,109,302$1,372,032,631
98$2,295,904,405$112,353,184$42,274,934$1,509,550,630
99$2,529,868,461$117,640,297$43,472,952$1,660,990,211
100$2,787,689,979$123,179,606$44,704,230$1,827,766,637