Can I retire at age 40 with 6,000,000?

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 $6,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$495,474$491,061$486,755$482,552$478,448$463,876
2 years$245,284$240,716$236,289$231,996$227,833$213,276
3 years$161,899$157,311$152,895$148,642$144,546$130,463
4 years$120,214$115,640$111,268$107,088$103,092$89,588
5 years$95,210$90,663$86,349$82,254$78,369$65,482
6 years$78,545$74,033$69,782$65,779$62,010$49,752
7 years$66,647$62,173$57,990$54,081$50,431$38,801
8 years$57,728$53,294$49,180$45,367$41,837$30,827
9 years$50,794$46,402$42,359$38,643$35,233$24,832
10 years$45,250$40,901$36,929$33,310$30,020$20,212
11 years$40,717$36,412$32,512$28,990$25,819$16,587
12 years$36,942$32,681$28,853$25,428$22,374$13,700
13 years$33,751$29,534$25,779$22,449$19,510$11,373
14 years$31,018$26,846$23,162$19,928$17,103$9,482
15 years$28,651$24,524$20,912$17,772$15,059$7,932
16 years$26,582$22,500$18,960$15,913$13,309$6,653
17 years$24,759$20,722$17,253$14,298$11,801$5,594
18 years$23,140$19,148$15,750$12,885$10,492$4,713
19 years$21,693$17,746$14,418$11,643$9,352$3,976
20 years$20,392$16,491$13,232$10,545$8,354$3,360
21 years$19,217$15,360$12,171$9,570$7,475$2,842
22 years$18,150$14,338$11,218$8,701$6,701$2,406
23 years$17,177$13,410$10,357$7,925$6,015$2,039
24 years$16,287$12,565$9,579$7,228$5,406$1,729
25 years$15,469$11,791$8,872$6,601$4,865$1,466
26 years$14,715$11,082$8,228$6,035$4,382$1,245
27 years$14,018$10,429$7,641$5,524$3,951$1,057
28 years$13,373$9,828$7,103$5,061$3,565$898
29 years$12,773$9,271$6,610$4,641$3,219$763
30 years$12,213$8,756$6,157$4,260$2,909$648
31 years$11,691$8,277$5,740$3,912$2,630$551
32 years$11,203$7,832$5,355$3,595$2,379$469
33 years$10,745$7,417$5,000$3,306$2,153$398
34 years$10,315$7,029$4,672$3,042$1,949$339
35 years$9,911$6,667$4,368$2,800$1,765$288
36 years$9,529$6,328$4,086$2,579$1,599$245
37 years$9,170$6,010$3,825$2,376$1,450$209
38 years$8,830$5,712$3,582$2,190$1,314$177
39 years$8,508$5,432$3,356$2,020$1,192$151
40 years$8,203$5,168$3,145$1,863$1,081$128
41 years$7,914$4,919$2,949$1,719$981$109
42 years$7,639$4,685$2,766$1,586$890$93
43 years$7,378$4,464$2,596$1,464$808$79
44 years$7,129$4,255$2,437$1,352$733$67
45 years$6,892$4,057$2,288$1,248$666$57
46 years$6,666$3,871$2,149$1,153$604$49
47 years$6,450$3,694$2,019$1,065$549$41
48 years$6,244$3,526$1,897$985$498$35
49 years$6,047$3,367$1,783$910$453$30
50 years$5,858$3,217$1,677$841$411$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $6,000,000, adding $3,145 every year, while hoping to spend $21,115 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: 49/23/28 Blend
39$6,000,000$6,000,000$6,000,000$6,000,000
40$6,615,244$6,297,244$6,204,244$6,886,591
41$7,267,533$6,583,343$6,389,620$7,363,301
42$7,985,647$6,882,753$6,580,498$7,878,593
43$8,776,279$7,196,104$6,777,041$8,438,048
44$9,646,803$7,524,056$6,979,415$9,045,854
45$10,605,343$7,867,301$7,187,792$9,706,617
46$11,660,854$8,226,564$7,402,349$10,425,396
47$12,823,200$8,602,605$7,623,266$11,207,754
48$14,103,253$8,996,219$7,850,732$12,059,809
49$15,512,992$9,408,241$8,084,939$12,988,285
50$17,065,617$9,839,545$8,326,085$14,000,579
51$18,775,675$10,291,048$8,574,373$15,104,826
52$20,659,193$10,763,709$8,830,014$16,309,973
53$22,733,835$11,258,535$9,093,224$17,625,862
54$25,019,064$11,776,580$9,364,225$19,063,324
55$27,536,327$12,318,951$9,643,245$20,634,271
56$30,309,258$12,886,806$9,930,519$22,351,813
57$33,363,902$13,481,358$10,226,291$24,230,377
58$36,728,956$14,103,882$10,530,808$26,285,839
59$40,436,048$14,755,709$10,844,328$28,535,672
60$44,520,026$15,438,240$11,167,114$30,999,107
61$49,019,293$16,152,939$11,499,437$33,697,315
62$53,976,171$16,901,342$11,841,578$36,653,599
63$59,437,292$17,685,060$12,193,823$39,893,611
64$65,454,048$18,505,780$12,556,468$43,445,595
65$72,083,068$19,365,271$12,929,817$47,340,645
66$79,386,759$20,265,387$13,314,184$51,612,996
67$87,433,890$21,208,072$13,709,890$56,300,345
68$96,300,243$22,195,364$14,117,268$61,444,201
69$106,069,329$23,229,398$14,536,657$67,090,272
70$116,833,175$24,312,413$14,968,410$73,288,893
71$128,693,194$25,446,757$15,412,887$80,095,495
72$141,761,141$26,634,889$15,870,460$87,571,124
73$156,160,167$27,879,388$16,341,510$95,783,014
74$172,025,984$29,182,959$16,826,431$104,805,212
75$189,508,146$30,548,435$17,325,628$114,719,275
76$208,771,457$31,978,789$17,839,517$125,615,031
77$229,997,530$33,477,134$18,368,525$137,591,424
78$253,386,501$35,046,736$18,913,094$150,757,439
79$279,158,918$36,691,020$19,473,676$165,233,124
80$307,557,822$38,413,574$20,050,738$181,150,717
81$338,851,042$40,218,161$20,644,760$198,655,888
82$373,333,723$42,108,726$21,256,234$217,909,104
83$411,331,114$44,089,405$21,885,669$239,087,138
84$453,201,635$46,164,533$22,533,587$262,384,726
85$499,340,264$48,338,658$23,200,524$288,016,402
86$550,182,263$50,616,544$23,887,034$316,218,508
87$606,207,289$53,003,189$24,593,684$347,251,420
88$667,943,920$55,503,833$25,321,060$381,401,992
89$735,974,647$58,123,968$26,069,763$418,986,259
90$810,941,372$60,869,354$26,840,411$460,352,402
91$893,551,469$63,746,029$27,633,642$505,884,031
92$984,584,459$66,760,325$28,450,109$556,003,789
93$1,084,899,372$69,918,880$29,290,486$611,177,332
94$1,195,442,857$73,228,653$30,155,466$671,917,710
95$1,317,258,114$76,696,944$31,045,761$738,790,200
96$1,451,494,751$80,331,403$31,962,103$812,417,623
97$1,599,419,629$84,140,055$32,905,246$893,486,214
98$1,762,428,825$88,131,311$33,875,966$982,752,081
99$1,942,060,814$92,313,994$34,875,059$1,081,048,328
100$2,140,010,989$96,697,352$35,903,346$1,189,292,904