Can I retire at age 40 with 4,900,000?

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 $4,900,000?

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 years$404,637$401,033$397,517$394,084$390,733$384,260
2 years$200,316$196,585$192,969$189,464$186,063$179,561
3 years$132,217$128,470$124,864$121,391$118,046$111,716
4 years$98,175$94,439$90,869$87,456$84,192$78,083
5 years$77,754$74,042$70,518$67,174$64,001$58,132
6 years$64,145$60,461$56,989$53,720$50,642$45,019
7 years$54,429$50,775$47,358$44,166$41,185$35,810
8 years$47,144$43,523$40,163$37,050$34,167$29,039
9 years$41,482$37,895$34,593$31,558$28,774$23,889
10 years$36,954$33,402$30,159$27,203$24,517$19,871
11 years$33,252$29,736$26,551$23,675$21,085$16,675
12 years$30,170$26,690$23,564$20,766$18,272$14,091
13 years$27,563$24,120$21,053$18,334$15,934$11,975
14 years$25,331$21,924$18,916$16,274$13,967$10,225
15 years$23,398$20,028$17,078$14,514$12,298$8,765
16 years$21,709$18,375$15,484$12,996$10,869$7,537
17 years$20,220$16,923$14,090$11,676$9,637$6,500
18 years$18,897$15,638$12,862$10,523$8,569$5,618
19 years$17,716$14,493$11,775$9,508$7,638$4,866
20 years$16,654$13,467$10,806$8,612$6,822$4,221
21 years$15,694$12,544$9,940$7,816$6,105$3,668
22 years$14,822$11,710$9,161$7,106$5,472$3,191
23 years$14,028$10,952$8,459$6,472$4,912$2,779
24 years$13,301$10,261$7,823$5,903$4,415$2,422
25 years$12,633$9,630$7,245$5,391$3,973$2,113
26 years$12,017$9,050$6,720$4,929$3,579$1,844
27 years$11,448$8,517$6,240$4,512$3,227$1,611
28 years$10,921$8,026$5,801$4,134$2,911$1,408
29 years$10,431$7,571$5,398$3,791$2,629$1,231
30 years$9,974$7,150$5,028$3,479$2,375$1,077
31 years$9,548$6,760$4,688$3,195$2,148$942
32 years$9,149$6,396$4,374$2,936$1,943$825
33 years$8,775$6,057$4,084$2,700$1,758$722
34 years$8,424$5,741$3,816$2,484$1,592$633
35 years$8,094$5,445$3,567$2,287$1,442$554
36 years$7,782$5,168$3,337$2,106$1,306$485
37 years$7,489$4,908$3,123$1,941$1,184$425
38 years$7,211$4,665$2,925$1,789$1,073$373
39 years$6,948$4,436$2,740$1,649$973$327
40 years$6,699$4,220$2,569$1,521$883$286
41 years$6,463$4,017$2,408$1,404$801$251
42 years$6,238$3,826$2,259$1,295$727$220
43 years$6,025$3,645$2,120$1,196$660$193
44 years$5,822$3,475$1,990$1,104$599$169
45 years$5,628$3,314$1,869$1,020$544$148
46 years$5,444$3,161$1,755$942$493$130
47 years$5,268$3,017$1,649$870$448$114
48 years$5,099$2,880$1,549$804$407$100
49 years$4,938$2,750$1,456$743$370$88
50 years$4,784$2,627$1,369$687$336$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $4,900,000, adding $6,321 every year, while hoping to spend $31,647 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: 48/41/11 Blend
39$4,900,000$4,900,000$4,900,000$4,900,000
40$5,406,320$5,146,620$5,070,670$5,649,222
41$5,924,093$5,365,132$5,206,865$6,035,489
42$6,493,617$5,593,291$5,346,563$6,450,833
43$7,120,139$5,831,535$5,489,845$6,901,073
44$7,809,438$6,080,325$5,636,800$7,389,475
45$8,567,881$6,340,141$5,787,513$7,919,624
46$9,402,485$6,611,488$5,942,074$8,495,458
47$10,320,979$6,894,892$6,100,575$9,121,303
48$11,331,882$7,190,905$6,263,108$9,801,913
49$12,444,580$7,500,105$6,429,767$10,542,512
50$13,669,414$7,823,097$6,600,651$11,348,841
51$15,017,778$8,160,512$6,775,857$12,227,212
52$16,502,229$8,513,015$6,955,486$13,184,561
53$18,136,602$8,881,299$7,139,640$14,228,518
54$19,936,142$9,266,089$7,328,425$15,367,472
55$21,917,648$9,668,147$7,521,947$16,610,646
56$24,099,631$10,088,269$7,720,314$17,968,188
57$26,502,486$10,527,287$7,923,638$19,451,257
58$29,148,691$10,986,075$8,132,031$21,072,132
59$32,063,011$11,465,547$8,345,608$22,844,318
60$35,272,739$11,966,659$8,564,486$24,782,677
61$38,807,946$12,490,413$8,788,785$26,903,560
62$42,701,773$13,037,860$9,018,625$29,224,963
63$46,990,735$13,610,096$9,254,130$31,766,687
64$51,715,073$14,208,274$9,495,427$34,550,528
65$56,919,129$14,833,598$9,742,642$37,600,473
66$62,651,766$15,487,330$9,995,907$40,942,927
67$68,966,829$16,170,792$10,255,352$44,606,955
68$75,923,653$16,885,368$10,521,114$48,624,554
69$83,587,622$17,632,508$10,793,327$53,030,950
70$92,030,788$18,413,729$11,072,133$57,864,922
71$101,332,550$19,230,624$11,357,671$63,169,172
72$111,580,403$20,084,856$11,650,085$68,990,711
73$122,870,762$20,978,172$11,949,521$75,381,309
74$135,309,876$21,912,399$12,256,126$82,397,969
75$149,014,828$22,889,452$12,570,051$90,103,464
76$164,114,641$23,911,335$12,891,448$98,566,923
77$180,751,494$24,980,150$13,220,472$107,864,472
78$199,082,066$26,098,098$13,557,278$118,079,956
79$219,279,016$27,267,483$13,902,025$129,305,711
80$241,532,608$28,490,722$14,254,875$141,643,438
81$266,052,510$29,770,344$14,615,990$155,205,150
82$293,069,775$31,109,000$14,985,535$170,114,224
83$322,839,019$32,509,468$15,363,677$186,506,554
84$355,640,823$33,974,656$15,750,584$204,531,828
85$391,784,387$35,507,613$16,146,428$224,354,932
86$431,610,442$37,111,534$16,551,381$246,157,491
87$475,494,472$38,789,765$16,965,618$270,139,582
88$523,850,256$40,545,811$17,389,314$296,521,605
89$577,133,773$42,383,347$17,822,647$325,546,355
90$635,847,510$44,306,222$18,265,797$357,481,303
91$700,545,199$46,318,470$18,718,944$392,621,109
92$771,837,051$48,424,317$19,182,271$431,290,389
93$850,395,514$50,628,193$19,655,961$473,846,765
94$936,961,620$52,934,737$20,140,199$520,684,231
95$1,032,351,979$55,348,814$20,635,170$572,236,856
96$1,137,466,494$57,875,519$21,141,061$628,982,865
97$1,253,296,850$60,520,193$21,658,060$691,449,137
98$1,380,935,879$63,288,432$22,186,355$760,216,167
99$1,521,587,875$66,186,102$22,726,135$835,923,523
100$1,676,579,966$69,219,349$23,277,588$919,275,866