Can I retire at age 40 with 4,700,000?

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$388,122$384,664$381,291$377,999$374,785$359,915
2 years$192,139$188,561$185,093$181,730$178,469$163,672
3 years$126,821$123,227$119,767$116,436$113,228$98,970
4 years$94,168$90,585$87,160$83,886$80,755$67,145
5 years$74,581$71,019$67,640$64,432$61,389$48,460
6 years$61,527$57,993$54,663$51,527$48,575$36,337
7 years$52,207$48,702$45,425$42,363$39,504$27,952
8 years$45,220$41,747$38,524$35,538$32,773$21,895
9 years$39,788$36,348$33,181$30,270$27,599$17,379
10 years$35,446$32,039$28,928$26,093$23,516$13,934
11 years$31,895$28,522$25,468$22,709$20,225$11,257
12 years$28,938$25,600$22,602$19,919$17,526$9,150
13 years$26,438$23,135$20,193$17,585$15,283$7,473
14 years$24,297$21,029$18,144$15,610$13,397$6,127
15 years$22,443$19,211$16,381$13,922$11,796$5,038
16 years$20,823$17,625$14,852$12,465$10,425$4,154
17 years$19,394$16,232$13,515$11,200$9,244$3,431
18 years$18,126$14,999$12,337$10,093$8,219$2,839
19 years$16,993$13,901$11,294$9,120$7,326$2,352
20 years$15,974$12,918$10,365$8,260$6,544$1,951
21 years$15,053$12,032$9,534$7,497$5,856$1,620
22 years$14,217$11,232$8,787$6,816$5,249$1,346
23 years$13,455$10,505$8,113$6,208$4,712$1,119
24 years$12,758$9,842$7,503$5,662$4,235$931
25 years$12,117$9,237$6,950$5,171$3,811$775
26 years$11,527$8,681$6,445$4,728$3,433$645
27 years$10,981$8,170$5,985$4,327$3,095$537
28 years$10,475$7,698$5,564$3,965$2,793$448
29 years$10,005$7,262$5,178$3,636$2,522$373
30 years$9,567$6,859$4,823$3,337$2,278$311
31 years$9,158$6,484$4,496$3,065$2,060$259
32 years$8,776$6,135$4,195$2,816$1,863$216
33 years$8,417$5,810$3,917$2,590$1,686$180
34 years$8,080$5,506$3,660$2,383$1,527$150
35 years$7,763$5,223$3,422$2,194$1,383$125
36 years$7,465$4,957$3,201$2,020$1,253$104
37 years$7,183$4,708$2,996$1,861$1,136$87
38 years$6,917$4,474$2,806$1,716$1,030$73
39 years$6,664$4,255$2,629$1,582$934$60
40 years$6,426$4,048$2,464$1,459$847$50
41 years$6,199$3,853$2,310$1,346$768$42
42 years$5,984$3,670$2,167$1,242$697$35
43 years$5,779$3,497$2,033$1,147$633$29
44 years$5,584$3,333$1,909$1,059$574$24
45 years$5,399$3,178$1,792$978$521$20
46 years$5,222$3,032$1,683$903$473$17
47 years$5,053$2,893$1,581$835$430$14
48 years$4,891$2,762$1,486$771$390$12
49 years$4,737$2,638$1,397$713$355$10
50 years$4,589$2,520$1,313$659$322$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $4,700,000, adding $5,412 every year, while hoping to spend $34,847 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: 43/35/22 Blend
39$4,700,000$4,700,000$4,700,000$4,700,000
40$5,184,982$4,935,882$4,863,032$5,374,491
41$5,676,774$5,140,664$4,988,867$5,714,245
42$6,217,560$5,354,311$5,117,749$6,078,326
43$6,812,301$5,577,223$5,249,744$6,472,087
44$7,466,464$5,809,815$5,384,919$6,898,284
45$8,186,069$6,052,522$5,523,339$7,359,946
46$8,977,752$6,305,799$5,665,075$7,860,400
47$9,848,823$6,570,123$5,810,195$8,403,302
48$10,807,336$6,845,992$5,958,770$8,992,666
49$11,862,166$7,133,928$6,110,870$9,632,905
50$13,023,092$7,434,476$6,266,570$10,328,872
51$14,300,889$7,748,206$6,425,941$11,085,897
52$15,707,428$8,075,717$6,589,059$11,909,842
53$17,255,792$8,417,633$6,755,998$12,807,153
54$18,960,394$8,774,609$6,926,836$13,784,919
55$20,837,117$9,147,328$7,101,648$14,850,933
56$22,903,464$9,536,507$7,280,514$16,013,772
57$25,178,718$9,942,897$7,463,512$17,282,865
58$27,684,130$10,367,282$7,650,722$18,668,589
59$30,443,115$10,810,482$7,842,225$20,182,360
60$33,481,475$11,273,358$8,038,102$21,836,739
61$36,827,643$11,756,810$8,238,436$23,645,547
62$40,512,948$12,261,779$8,443,309$25,623,996
63$44,571,914$12,789,252$8,652,805$27,788,825
64$49,042,584$13,340,260$8,867,009$30,158,461
65$53,966,879$13,915,884$9,086,005$32,753,184
66$59,390,993$14,517,255$9,309,879$35,595,319
67$65,365,832$15,145,558$9,538,717$38,709,441
68$71,947,487$15,802,031$9,772,605$42,122,607
69$79,197,774$16,487,973$10,011,630$45,864,603
70$87,184,806$17,204,743$10,255,879$49,968,225
71$95,983,645$17,953,764$10,505,439$54,469,585
72$105,677,004$18,736,526$10,760,399$59,408,444
73$116,356,031$19,554,588$11,020,845$64,828,585
74$128,121,168$20,409,585$11,286,864$70,778,225
75$141,083,098$21,303,226$11,558,546$77,310,461
76$155,363,794$22,237,303$11,835,976$84,483,766
77$171,097,661$23,213,692$12,119,242$92,362,540
78$188,432,817$24,234,357$12,408,431$101,017,711
79$207,532,479$25,301,355$12,703,628$110,527,395
80$228,576,511$26,416,840$13,004,919$120,977,635
81$251,763,119$27,583,070$13,312,388$132,463,199
82$277,310,724$28,802,407$13,626,119$145,088,476
83$305,460,018$30,077,326$13,946,195$158,968,448
84$336,476,244$31,410,419$14,272,697$174,229,772
85$370,651,694$32,804,402$14,605,705$191,011,971
86$408,308,467$34,262,118$14,945,297$209,468,735
87$449,801,516$35,786,547$15,291,549$229,769,376
88$495,521,992$37,380,809$15,644,537$252,100,405
89$545,900,939$39,048,173$16,004,333$276,667,296
90$601,413,364$40,792,062$16,371,007$303,696,407
91$662,582,717$42,616,064$16,744,626$333,437,113
92$729,985,838$44,523,934$17,125,255$366,164,151
93$804,258,398$46,519,611$17,512,955$402,180,199
94$886,100,899$48,607,217$17,907,784$441,818,724
95$976,285,292$50,791,072$18,309,796$485,447,122
96$1,075,662,260$53,075,703$18,719,042$533,470,170
97$1,185,169,248$55,465,850$19,135,568$586,333,839
98$1,305,839,316$57,966,481$19,559,414$644,529,488
99$1,438,810,890$60,582,802$19,990,618$708,598,490
100$1,585,338,507$63,320,265$20,429,209$779,137,332