Can I retire at age 40 with 6,500,000?

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 $6,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$536,764$531,983$527,318$522,765$518,319$505,174
2 years$265,725$260,776$255,980$251,329$246,819$233,660
3 years$175,390$170,420$165,636$161,029$156,592$143,832
4 years$130,232$125,277$120,540$116,012$111,683$99,420
5 years$103,144$98,218$93,544$89,109$84,899$73,167
6 years$85,091$80,203$75,598$71,261$67,178$55,988
7 years$72,201$67,354$62,822$58,588$54,634$43,987
8 years$62,538$57,735$53,278$49,148$45,324$35,216
9 years$55,027$50,269$45,888$41,863$38,169$28,591
10 years$49,021$44,309$40,007$36,086$32,522$23,462
11 years$44,110$39,446$35,221$31,406$27,970$19,415
12 years$40,021$35,405$31,258$27,547$24,238$16,174
13 years$36,563$31,995$27,927$24,320$21,136$13,545
14 years$33,602$29,083$25,092$21,589$18,528$11,394
15 years$31,039$26,568$22,655$19,253$16,313$9,619
16 years$28,797$24,375$20,540$17,239$14,418$8,144
17 years$26,822$22,449$18,691$15,489$12,784$6,913
18 years$25,068$20,744$17,062$13,959$11,367$5,880
19 years$23,500$19,225$15,620$12,613$10,132$5,010
20 years$22,091$17,865$14,335$11,424$9,050$4,275
21 years$20,818$16,640$13,185$10,368$8,098$3,652
22 years$19,662$15,533$12,152$9,427$7,259$3,124
23 years$18,609$14,528$11,221$8,585$6,516$2,674
24 years$17,644$13,612$10,377$7,830$5,857$2,291
25 years$16,758$12,774$9,611$7,151$5,270$1,964
26 years$15,941$12,005$8,914$6,538$4,747$1,684
27 years$15,187$11,299$8,277$5,985$4,280$1,445
28 years$14,487$10,647$7,695$5,483$3,862$1,241
29 years$13,837$10,044$7,161$5,028$3,487$1,066
30 years$13,231$9,485$6,670$4,615$3,151$915
31 years$12,666$8,967$6,218$4,238$2,849$787
32 years$12,137$8,484$5,802$3,895$2,577$676
33 years$11,641$8,035$5,417$3,582$2,332$581
34 years$11,175$7,615$5,061$3,296$2,111$500
35 years$10,736$7,223$4,732$3,034$1,912$430
36 years$10,324$6,856$4,427$2,794$1,733$369
37 years$9,934$6,511$4,143$2,574$1,570$318
38 years$9,565$6,188$3,880$2,373$1,424$273
39 years$9,217$5,884$3,635$2,188$1,291$235
40 years$8,887$5,598$3,407$2,018$1,171$202
41 years$8,573$5,329$3,195$1,862$1,062$174
42 years$8,275$5,075$2,997$1,718$964$150
43 years$7,992$4,836$2,812$1,586$875$129
44 years$7,723$4,609$2,640$1,465$794$111
45 years$7,466$4,395$2,479$1,353$721$95
46 years$7,221$4,193$2,328$1,249$655$82
47 years$6,988$4,002$2,187$1,154$594$71
48 years$6,764$3,820$2,055$1,067$540$61
49 years$6,551$3,648$1,932$986$490$52
50 years$6,346$3,485$1,816$911$445$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $6,500,000, adding $6,468 every year, while hoping to spend $51,762 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: 83/9/8 Blend
39$6,500,000$6,500,000$6,500,000$6,500,000
40$7,169,672$6,825,172$6,724,422$7,757,539
41$7,845,904$7,104,531$6,894,616$8,422,173
42$8,589,377$7,395,844$7,068,776$9,144,260
43$9,406,895$7,699,641$7,246,981$9,935,590
44$10,305,953$8,016,479$7,429,311$10,803,080
45$11,294,812$8,346,938$7,615,844$11,754,346
46$12,382,570$8,691,625$7,806,662$12,797,774
47$13,579,254$9,051,177$8,001,847$13,942,601
48$14,895,910$9,426,256$8,201,481$15,199,003
49$16,344,709$9,817,559$8,405,647$16,578,182
50$17,939,063$10,225,813$8,614,429$18,092,483
51$19,693,747$10,651,777$8,827,912$19,755,499
52$21,625,043$11,096,248$9,046,181$21,582,204
53$23,750,891$11,560,058$9,269,322$23,589,094
54$26,091,059$12,044,078$9,497,421$25,794,338
55$28,667,327$12,549,218$9,730,565$28,217,953
56$31,503,697$13,076,432$9,968,841$30,881,987
57$34,626,614$13,626,717$10,212,338$33,810,733
58$38,065,219$14,201,117$10,461,141$37,030,949
59$41,851,622$14,800,723$10,715,341$40,572,116
60$46,021,207$15,426,678$10,975,024$44,466,714
61$50,612,962$16,080,177$11,240,279$48,750,524
62$55,669,850$16,762,471$11,511,194$53,462,968
63$61,239,214$17,474,871$11,787,858$58,647,479
64$67,373,220$18,218,746$12,070,358$64,351,910
65$74,129,354$18,995,531$12,358,780$70,628,984
66$81,570,962$19,806,726$12,653,214$77,536,789
67$89,767,847$20,653,902$12,953,743$85,139,327
68$98,796,929$21,538,705$13,260,455$93,507,117
69$108,742,970$22,462,855$13,573,434$102,717,856
70$119,699,372$23,428,154$13,892,763$112,857,154
71$131,769,062$24,436,488$14,218,525$124,019,339
72$145,065,462$25,489,832$14,550,802$136,308,347
73$159,713,558$26,590,252$14,889,672$149,838,699
74$175,851,079$27,739,912$15,235,214$164,736,582
75$193,629,799$28,941,078$15,587,504$181,141,039
76$213,216,969$30,196,122$15,946,616$199,205,277
77$234,796,894$31,507,526$16,312,621$219,098,113
78$258,572,673$32,877,890$16,685,590$241,005,566
79$284,768,115$34,309,936$17,065,587$265,132,608
80$313,629,855$35,806,516$17,452,676$291,705,102
81$345,429,678$37,370,612$17,846,918$320,971,923
82$380,467,084$39,005,351$18,248,369$353,207,315
83$419,072,118$40,714,005$18,657,081$388,713,469
84$461,608,484$42,500,001$19,073,103$427,823,380
85$508,476,975$44,366,927$19,496,478$470,903,979
86$560,119,263$46,318,542$19,927,246$518,359,605
87$617,022,059$48,358,782$20,365,440$570,635,808
88$679,721,715$50,491,769$20,811,088$628,223,560
89$748,809,283$52,721,819$21,264,213$691,663,882
90$824,936,096$55,053,454$21,724,830$761,552,952
91$908,819,914$57,491,409$22,192,949$838,547,724
92$1,001,251,702$60,040,645$22,668,569$923,372,131
93$1,103,103,096$62,706,357$23,151,686$1,016,823,915
94$1,215,334,629$65,493,986$23,642,285$1,119,782,150
95$1,339,004,801$68,409,231$24,140,341$1,233,215,541
96$1,475,280,071$71,458,064$24,645,823$1,358,191,563
97$1,625,445,867$74,646,738$25,158,687$1,495,886,532
98$1,790,918,722$77,981,805$25,678,880$1,647,596,711
99$1,973,259,646$81,470,127$26,206,337$1,814,750,536
100$2,174,188,861$85,118,895$26,740,980$1,998,922,098