Can I retire at age 40 with 6,200,000?

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 $6,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$511,990$507,430$502,980$498,637$494,397$483,033
2 years$253,460$248,740$244,165$239,729$235,427$224,041
3 years$167,295$162,554$157,991$153,597$149,365$138,312
4 years$124,221$119,495$114,977$110,658$106,528$95,894
5 years$98,383$93,685$89,227$84,996$80,981$70,796
6 years$81,164$76,501$72,109$67,972$64,077$54,351
7 years$68,869$64,245$59,923$55,883$52,112$42,846
8 years$59,652$55,070$50,819$46,879$43,232$34,423
9 years$52,487$47,949$43,770$39,931$36,408$28,048
10 years$46,758$42,264$38,160$34,421$31,021$23,103
11 years$42,074$37,625$33,596$29,956$26,679$19,191
12 years$38,174$33,771$29,815$26,276$23,120$16,050
13 years$34,876$30,519$26,638$23,198$20,161$13,496
14 years$32,052$27,741$23,934$20,592$17,673$11,399
15 years$29,606$25,342$21,609$18,365$15,561$9,664
16 years$27,468$23,250$19,592$16,443$13,752$8,217
17 years$25,584$21,413$17,828$14,774$12,194$7,005
18 years$23,911$19,786$16,275$13,315$10,842$5,985
19 years$22,416$18,338$14,899$12,031$9,664$5,122
20 years$21,072$17,040$13,673$10,896$8,632$4,391
21 years$19,857$15,872$12,577$9,889$7,725$3,769
22 years$18,755$14,816$11,591$8,991$6,924$3,238
23 years$17,750$13,857$10,703$8,189$6,215$2,785
24 years$16,830$12,984$9,898$7,469$5,587$2,397
25 years$15,985$12,184$9,168$6,821$5,027$2,065
26 years$15,206$11,451$8,503$6,237$4,528$1,780
27 years$14,486$10,777$7,895$5,708$4,083$1,535
28 years$13,818$10,155$7,340$5,230$3,684$1,324
29 years$13,198$9,580$6,830$4,796$3,326$1,143
30 years$12,621$9,048$6,362$4,402$3,006$986
31 years$12,081$8,553$5,931$4,043$2,717$852
32 years$11,576$8,093$5,534$3,715$2,458$736
33 years$11,103$7,664$5,167$3,416$2,224$636
34 years$10,659$7,264$4,828$3,143$2,014$549
35 years$10,241$6,890$4,514$2,894$1,824$475
36 years$9,847$6,539$4,222$2,665$1,653$410
37 years$9,475$6,211$3,952$2,455$1,498$355
38 years$9,124$5,902$3,701$2,263$1,358$307
39 years$8,791$5,613$3,467$2,087$1,232$265
40 years$8,476$5,340$3,250$1,925$1,117$229
41 years$8,177$5,083$3,047$1,776$1,013$198
42 years$7,894$4,841$2,859$1,639$920$171
43 years$7,624$4,612$2,682$1,513$835$148
44 years$7,366$4,397$2,518$1,397$758$128
45 years$7,122$4,193$2,364$1,290$688$111
46 years$6,888$4,000$2,221$1,192$624$96
47 years$6,665$3,817$2,086$1,101$567$83
48 years$6,452$3,644$1,960$1,017$515$72
49 years$6,248$3,480$1,843$940$468$62
50 years$6,053$3,324$1,732$869$425$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $6,200,000, adding $5,783 every year, while hoping to spend $35,373 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: 37/36/27 Blend
39$6,200,000$6,200,000$6,200,000$6,200,000
40$6,838,365$6,509,765$6,413,665$7,035,940
41$7,498,242$6,791,107$6,590,886$7,463,505
42$8,224,240$7,085,049$6,772,859$7,921,383
43$9,023,068$7,392,172$6,959,705$8,415,296
44$9,902,114$7,713,081$7,151,548$8,948,521
45$10,869,522$8,048,415$7,348,517$9,524,654
46$11,934,264$8,398,837$7,550,743$10,147,642
47$13,106,225$8,765,046$7,758,359$10,821,816
48$14,396,297$9,147,771$7,971,502$11,551,931
49$15,816,484$9,547,777$8,190,312$12,343,209
50$17,380,011$9,965,863$8,414,933$13,201,385
51$19,101,450$10,402,869$8,645,511$14,132,758
52$20,996,860$10,859,671$8,882,197$15,144,249
53$23,083,933$11,337,189$9,125,144$16,243,463
54$25,382,168$11,836,385$9,374,511$17,438,757
55$27,913,049$12,358,267$9,630,456$18,739,316
56$30,700,249$12,903,891$9,893,146$20,155,239
57$33,769,856$13,474,364$10,162,748$21,697,627
58$37,150,616$14,070,842$10,439,434$23,378,685
59$40,874,204$14,694,539$10,723,381$25,211,837
60$44,975,527$15,346,725$11,014,768$27,211,845
61$49,493,047$16,028,731$11,313,779$29,394,947
62$54,469,150$16,741,951$11,620,603$31,779,004
63$59,950,542$17,487,845$11,935,431$34,383,663
64$65,988,690$18,267,942$12,258,461$37,230,544
65$72,640,310$19,083,844$12,589,893$40,343,433
66$79,967,899$19,937,230$12,929,932$43,748,504
67$88,040,328$20,829,858$13,278,788$47,474,561
68$96,933,489$21,763,569$13,636,675$51,553,303
69$106,731,014$22,740,293$14,003,813$56,019,620
70$117,525,061$23,762,051$14,380,424$60,911,915
71$129,417,187$24,830,961$14,766,738$66,272,460
72$142,519,303$25,949,241$15,162,987$72,147,790
73$156,954,735$27,119,216$15,569,410$78,589,132
74$172,859,382$28,343,322$15,986,249$85,652,887
75$190,383,004$29,624,110$16,413,753$93,401,151
76$209,690,633$30,964,254$16,852,176$101,902,294
77$230,964,129$32,366,554$17,301,776$111,231,599
78$254,403,901$33,833,946$17,762,816$121,471,961
79$280,230,794$35,369,505$18,235,566$132,714,667
80$308,688,179$36,976,454$18,720,301$145,060,240
81$340,044,242$38,658,169$19,217,300$158,619,386
82$374,594,525$40,418,190$19,726,850$173,514,024
83$412,664,709$42,260,223$20,249,242$189,878,429
84$454,613,690$44,188,155$20,784,772$207,860,488
85$500,836,968$46,206,056$21,333,743$227,623,086
86$551,770,380$48,318,194$21,896,465$249,345,626
87$607,894,213$50,529,040$22,473,251$273,225,720
88$669,737,740$52,843,280$23,064,422$299,481,030
89$737,884,213$55,265,825$23,670,304$328,351,320
90$812,976,373$57,801,820$24,291,230$360,100,695
91$895,722,515$60,456,661$24,927,538$395,020,089
92$986,903,174$63,236,000$25,579,572$433,429,987
93$1,087,378,494$66,145,760$26,247,684$475,683,441
94$1,198,096,349$69,192,151$26,932,231$522,169,381
95$1,320,101,291$72,381,681$27,633,575$573,316,271
96$1,454,544,409$75,721,170$28,352,086$629,596,138
97$1,602,694,198$79,217,766$29,088,140$691,529,000
98$1,765,948,533$82,878,963$29,842,119$759,687,765
99$1,945,847,865$86,712,614$30,614,412$834,703,610
100$2,144,089,765$90,726,950$31,405,412$917,271,922