Can I retire at age 40 with 5,900,000?

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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$487,216$482,877$478,642$474,510$470,474$463,061
2 years$241,196$236,704$232,351$228,130$224,035$216,586
3 years$159,200$154,689$150,346$146,165$142,137$134,884
4 years$118,210$113,713$109,414$105,304$101,373$94,371
5 years$93,623$89,152$84,909$80,883$77,063$70,332
6 years$77,236$72,799$68,619$64,683$60,977$54,526
7 years$65,536$61,137$57,023$53,179$49,591$43,421
8 years$56,765$52,406$48,360$44,611$41,140$35,251
9 years$49,947$45,628$41,653$37,999$34,646$29,034
10 years$44,496$40,219$36,314$32,755$29,520$24,181
11 years$40,038$35,805$31,970$28,507$25,388$20,316
12 years$36,327$32,136$28,373$25,004$22,001$17,190
13 years$33,188$29,042$25,349$22,075$19,185$14,628
14 years$30,501$26,398$22,776$19,596$16,818$12,507
15 years$28,174$24,115$20,564$17,476$14,808$10,736
16 years$26,139$22,125$18,644$15,648$13,087$9,245
17 years$24,346$20,377$16,965$14,059$11,604$7,984
18 years$22,754$18,829$15,487$12,670$10,318$6,911
19 years$21,331$17,450$14,178$11,449$9,196$5,995
20 years$20,052$16,216$13,012$10,369$8,214$5,208
21 years$18,897$15,104$11,968$9,411$7,351$4,532
22 years$17,847$14,099$11,031$8,556$6,589$3,948
23 years$16,891$13,187$10,185$7,792$5,915$3,444
24 years$16,015$12,355$9,419$7,107$5,316$3,007
25 years$15,211$11,595$8,724$6,491$4,784$2,627
26 years$14,470$10,897$8,091$5,935$4,309$2,297
27 years$13,785$10,256$7,513$5,432$3,885$2,010
28 years$13,150$9,664$6,985$4,977$3,506$1,759
29 years$12,560$9,117$6,500$4,564$3,165$1,541
30 years$12,010$8,610$6,054$4,189$2,860$1,350
31 years$11,497$8,139$5,644$3,847$2,586$1,183
32 years$11,016$7,701$5,266$3,535$2,339$1,037
33 years$10,566$7,293$4,917$3,251$2,117$910
34 years$10,143$6,912$4,594$2,991$1,917$798
35 years$9,745$6,556$4,295$2,754$1,736$700
36 years$9,371$6,223$4,018$2,536$1,573$615
37 years$9,017$5,910$3,761$2,337$1,426$539
38 years$8,682$5,617$3,522$2,154$1,292$473
39 years$8,366$5,341$3,300$1,986$1,172$416
40 years$8,066$5,082$3,093$1,832$1,063$365
41 years$7,782$4,837$2,900$1,690$964$321
42 years$7,512$4,607$2,720$1,560$875$281
43 years$7,255$4,389$2,553$1,440$794$247
44 years$7,010$4,184$2,396$1,329$721$217
45 years$6,777$3,990$2,250$1,228$654$191
46 years$6,555$3,806$2,113$1,134$594$168
47 years$6,343$3,632$1,985$1,048$540$147
48 years$6,140$3,467$1,866$968$490$129
49 years$5,946$3,311$1,754$895$445$114
50 years$5,760$3,163$1,649$827$404$100

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $5,900,000, adding $6,152 every year, while hoping to spend $42,943 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: 72/14/14 Blend
39$5,900,000$5,900,000$5,900,000$5,900,000
40$6,508,146$6,195,446$6,103,996$6,956,334
41$7,126,286$6,453,332$6,262,789$7,512,063
42$7,806,036$6,722,415$6,425,462$8,114,581
43$8,553,637$7,003,198$6,592,100$8,773,230
44$9,375,962$7,296,208$6,762,789$9,493,554
45$10,280,584$7,601,997$6,937,616$10,281,656
46$11,275,849$7,921,139$7,116,671$11,144,254
47$12,370,949$8,254,239$7,300,044$12,088,745
48$13,576,017$8,601,927$7,487,826$13,123,272
49$14,902,213$8,964,864$7,680,110$14,256,803
50$16,361,836$9,343,740$7,876,992$15,499,212
51$17,968,438$9,739,278$8,078,566$16,861,371
52$19,736,951$10,152,235$8,284,930$18,355,252
53$21,683,828$10,583,403$8,496,183$19,994,042
54$23,827,198$11,033,609$8,712,425$21,792,260
55$26,187,038$11,503,722$8,933,757$23,765,900
56$28,785,360$11,994,648$9,160,282$25,932,575
57$31,646,419$12,507,338$9,392,103$28,311,684
58$34,796,942$13,042,786$9,629,327$30,924,595
59$38,266,379$13,602,032$9,872,059$33,794,845
60$42,087,184$14,186,166$10,120,407$36,948,358
61$46,295,117$14,796,328$10,374,481$40,413,691
62$50,929,582$15,433,711$10,634,389$44,222,301
63$56,034,003$16,099,566$10,900,244$48,408,841
64$61,656,227$16,795,200$11,172,158$53,011,484
65$67,848,980$17,521,983$11,450,244$58,072,283
66$74,670,365$18,281,349$11,734,615$63,637,566
67$82,184,405$19,074,799$12,025,388$69,758,370
68$90,461,654$19,903,904$12,322,679$76,490,922
69$99,579,858$20,770,310$12,626,603$83,897,167
70$109,624,688$21,675,740$12,937,279$92,045,352
71$120,690,553$22,621,998$13,254,825$101,010,666
72$132,881,487$23,610,973$13,579,359$110,875,948
73$146,312,132$24,644,644$13,911,001$121,732,469
74$161,108,819$25,725,082$14,249,870$133,680,787
75$177,410,764$26,854,456$14,596,085$146,831,696
76$195,371,376$28,035,038$14,949,768$161,307,270
77$215,159,708$29,269,207$15,311,037$177,242,008
78$236,962,055$30,559,454$15,680,013$194,784,109
79$260,983,706$31,908,390$16,056,816$214,096,858
80$287,450,889$33,318,746$16,441,564$235,360,171
81$316,612,901$34,793,385$16,834,377$258,772,289
82$348,744,461$36,335,305$17,235,373$284,551,644
83$384,148,307$37,947,646$17,644,670$312,938,917
84$423,158,051$39,633,698$18,062,382$344,199,311
85$466,141,327$41,396,904$18,488,627$378,625,043
86$513,503,264$43,240,873$18,923,517$416,538,107
87$565,690,307$45,169,386$19,367,165$458,293,301
88$623,194,434$47,186,402$19,819,682$504,281,579
89$686,557,800$49,296,069$20,281,174$554,933,732
90$756,377,851$51,502,732$20,751,749$610,724,453
91$833,312,968$53,810,942$21,231,509$672,176,813
92$918,088,682$56,225,470$21,720,556$739,867,189
93$1,011,504,519$58,751,309$22,218,986$814,430,708
94$1,114,441,551$61,393,694$22,726,893$896,567,231
95$1,227,870,714$64,158,109$23,244,368$987,047,953
96$1,352,861,968$67,050,298$23,771,496$1,086,722,684
97$1,490,594,406$70,076,281$24,308,359$1,196,527,858
98$1,642,367,380$73,242,362$24,855,032$1,317,495,370
99$1,809,612,765$76,555,151$25,411,589$1,450,762,309
100$1,993,908,483$80,021,569$25,978,093$1,597,581,689