Can I retire at age 40 with 6,400,000?

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$528,506$523,798$519,205$514,722$510,345$506,492
2 years$261,637$256,764$252,041$247,463$243,021$239,137
3 years$172,692$167,798$163,088$158,552$154,183$150,387
4 years$128,228$123,349$118,686$114,228$109,964$106,287
5 years$101,557$96,707$92,105$87,738$83,593$80,044
6 years$83,782$78,969$74,435$70,165$66,144$62,729
7 years$71,090$66,318$61,856$57,686$53,793$50,512
8 years$61,576$56,847$52,458$48,392$44,627$41,481
9 years$54,180$49,495$45,182$41,219$37,582$34,570
10 years$48,267$43,628$39,391$35,531$32,022$29,142
11 years$43,432$38,839$34,679$30,923$27,540$24,791
12 years$39,405$34,860$30,777$27,123$23,865$21,244
13 years$36,001$31,503$27,497$23,946$20,811$18,315
14 years$33,086$28,636$24,706$21,256$18,243$15,868
15 years$30,561$26,159$22,306$18,957$16,062$13,807
16 years$28,354$24,000$20,224$16,974$14,196$12,056
17 years$26,409$22,104$18,403$15,251$12,587$10,558
18 years$24,682$20,425$16,800$13,744$11,192$9,271
19 years$23,139$18,929$15,379$12,419$9,976$8,159
20 years$21,752$17,590$14,114$11,248$8,910$7,194
21 years$20,498$16,384$12,982$10,208$7,974$6,354
22 years$19,360$15,294$11,965$9,282$7,147$5,620
23 years$18,322$14,304$11,048$8,453$6,416$4,978
24 years$17,373$13,402$10,217$7,709$5,767$4,414
25 years$16,500$12,577$9,463$7,041$5,189$3,917
26 years$15,696$11,821$8,777$6,438$4,674$3,480
27 years$14,953$11,125$8,150$5,893$4,214$3,093
28 years$14,264$10,483$7,577$5,399$3,803$2,752
29 years$13,624$9,889$7,051$4,951$3,434$2,450
30 years$13,028$9,339$6,567$4,544$3,103$2,182
31 years$12,471$8,829$6,123$4,173$2,805$1,944
32 years$11,950$8,354$5,712$3,835$2,537$1,733
33 years$11,461$7,911$5,334$3,527$2,296$1,545
34 years$11,003$7,498$4,984$3,245$2,079$1,378
35 years$10,571$7,112$4,659$2,987$1,883$1,230
36 years$10,165$6,750$4,359$2,751$1,706$1,098
37 years$9,781$6,411$4,080$2,535$1,546$980
38 years$9,418$6,093$3,820$2,336$1,402$875
39 years$9,075$5,794$3,579$2,154$1,271$781
40 years$8,750$5,512$3,355$1,987$1,153$698
41 years$8,441$5,247$3,146$1,833$1,046$624
42 years$8,148$4,997$2,951$1,692$949$557
43 years$7,869$4,761$2,769$1,562$861$498
44 years$7,604$4,538$2,599$1,442$782$445
45 years$7,351$4,328$2,441$1,332$710$398
46 years$7,110$4,129$2,292$1,230$645$355
47 years$6,880$3,940$2,153$1,137$585$318
48 years$6,660$3,761$2,024$1,050$532$284
49 years$6,450$3,592$1,902$971$483$254
50 years$6,249$3,431$1,788$897$438$227

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $6,400,000, adding $2,431 every year, while hoping to spend $30,714 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: 47/33/20 Blend
39$6,400,000$6,400,000$6,400,000$6,400,000
40$7,055,308$6,716,108$6,616,908$7,346,678
41$7,742,269$7,012,517$6,805,895$7,846,647
42$8,498,272$7,322,422$7,000,183$8,385,723
43$9,330,325$7,646,450$7,199,919$8,970,205
44$10,246,152$7,985,260$7,405,250$9,604,354
45$11,254,264$8,339,542$7,616,330$10,292,848
46$12,364,038$8,710,018$7,833,316$11,040,826
47$13,585,807$9,097,446$8,056,369$11,853,934
48$14,930,956$9,502,618$8,285,654$12,738,380
49$16,412,031$9,926,364$8,521,341$13,700,984
50$18,042,857$10,369,554$8,763,605$14,749,242
51$19,838,666$10,833,100$9,012,623$15,891,398
52$21,816,244$11,317,956$9,268,580$17,136,513
53$23,994,087$11,825,122$9,531,664$18,494,552
54$26,392,577$12,355,646$9,802,067$19,976,475
55$29,034,171$12,910,624$10,079,988$21,594,335
56$31,943,620$13,491,208$10,365,631$23,361,391
57$35,148,193$14,098,601$10,659,203$25,292,226
58$38,677,941$14,734,065$10,960,919$27,402,887
59$42,565,980$15,398,923$11,270,999$29,711,028
60$46,848,800$16,094,560$11,589,667$32,236,077
61$51,566,612$16,822,428$11,917,155$34,999,410
62$56,763,726$17,584,047$12,253,700$38,024,552
63$62,488,972$18,381,011$12,599,545$41,337,397
64$68,796,156$19,214,989$12,954,938$44,966,442
65$75,744,572$20,087,732$13,320,137$48,943,057
66$83,399,560$21,001,072$13,695,403$53,301,773
67$91,833,121$21,956,931$14,081,005$58,080,604
68$101,124,600$22,957,321$14,477,219$63,321,398
69$111,361,431$24,004,352$14,884,328$69,070,231
70$122,639,966$25,100,234$15,302,623$75,377,832
71$135,066,381$26,247,284$15,732,399$82,300,058
72$148,757,681$27,447,930$16,173,963$89,898,414
73$163,842,801$28,704,715$16,627,627$98,240,625
74$180,463,825$30,020,305$17,093,711$107,401,272
75$198,777,330$31,397,494$17,572,545$117,462,488
76$218,955,857$32,839,211$18,064,465$128,514,723
77$241,189,546$34,348,524$18,569,816$140,657,590
78$265,687,927$35,928,649$19,088,953$154,000,802
79$292,681,901$37,582,957$19,622,237$168,665,192
80$322,425,914$39,314,982$20,170,042$184,783,849
81$355,200,366$41,128,425$20,732,747$202,503,364
82$391,314,253$43,027,167$21,310,744$221,985,202
83$431,108,085$45,015,277$21,904,432$243,407,219
84$474,957,101$47,097,017$22,514,222$266,965,326
85$523,274,811$49,276,856$23,140,533$292,875,330
86$576,516,897$51,559,477$23,783,797$321,374,960
87$635,185,520$53,949,791$24,444,454$352,726,094
88$699,834,056$56,452,943$25,122,955$387,217,222
89$771,072,320$59,074,328$25,819,764$425,166,157
90$849,572,325$61,819,599$26,535,355$466,923,015
91$936,074,626$64,694,682$27,270,213$512,873,513
92$1,031,395,308$67,705,792$28,024,835$563,442,587
93$1,136,433,693$70,859,440$28,799,731$619,098,392
94$1,252,180,829$74,162,452$29,595,422$680,356,702
95$1,379,728,847$77,621,985$30,412,442$747,785,764
96$1,520,281,268$81,245,541$31,251,337$822,011,640
97$1,675,164,368$85,040,984$32,112,668$903,724,100
98$1,845,839,699$89,016,557$32,997,008$993,683,112
99$2,033,917,883$93,180,903$33,904,942$1,092,725,996
100$2,241,173,822$97,543,082$34,837,073$1,201,775,304