Can I retire at age 40 with 6,700,000?

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$553,280$548,351$543,543$538,850$534,267$526,501
2 years$273,901$268,800$263,856$259,063$254,413$246,605
3 years$180,787$175,664$170,732$165,984$161,410$153,803
4 years$134,239$129,131$124,249$119,582$115,119$107,771
5 years$106,317$101,241$96,423$91,850$87,512$80,445
6 years$87,709$82,671$77,924$73,454$69,245$62,467
7 years$74,423$69,427$64,755$60,390$56,315$49,828
8 years$64,463$59,511$54,917$50,660$46,718$40,523
9 years$56,720$51,815$47,300$43,151$39,344$33,436
10 years$50,529$45,673$41,238$37,197$33,523$27,898
11 years$45,467$40,660$36,305$32,372$28,831$23,483
12 years$41,252$36,494$32,220$28,395$24,984$19,908
13 years$37,689$32,980$28,786$25,068$21,787$16,974
14 years$34,636$29,978$25,864$22,253$19,098$14,542
15 years$31,994$27,385$23,352$19,846$16,815$12,508
16 years$29,684$25,125$21,172$17,770$14,862$10,794
17 years$27,647$23,140$19,266$15,966$13,177$9,342
18 years$25,839$21,382$17,587$14,388$11,717$8,104
19 years$24,224$19,817$16,100$13,001$10,443$7,045
20 years$22,771$18,415$14,776$11,775$9,328$6,134
21 years$21,459$17,152$13,591$10,687$8,348$5,350
22 years$20,267$16,011$12,526$9,717$7,482$4,672
23 years$19,181$14,975$11,566$8,849$6,717$4,084
24 years$18,187$14,031$10,696$8,071$6,037$3,574
25 years$17,274$13,167$9,907$7,371$5,432$3,130
26 years$16,432$12,375$9,188$6,739$4,893$2,743
27 years$15,654$11,646$8,532$6,169$4,412$2,406
28 years$14,933$10,974$7,932$5,652$3,981$2,111
29 years$14,263$10,353$7,381$5,183$3,595$1,854
30 years$13,638$9,777$6,875$4,757$3,248$1,628
31 years$13,055$9,243$6,410$4,369$2,936$1,431
32 years$12,510$8,745$5,980$4,015$2,656$1,257
33 years$11,999$8,282$5,584$3,692$2,404$1,106
34 years$11,519$7,850$5,217$3,397$2,176$972
35 years$11,067$7,445$4,878$3,127$1,971$855
36 years$10,641$7,067$4,563$2,880$1,786$752
37 years$10,239$6,712$4,271$2,654$1,619$662
38 years$9,860$6,378$3,999$2,446$1,468$583
39 years$9,500$6,065$3,747$2,255$1,331$513
40 years$9,160$5,771$3,512$2,080$1,207$451
41 years$8,837$5,493$3,293$1,919$1,095$397
42 years$8,530$5,231$3,089$1,771$994$350
43 years$8,238$4,984$2,899$1,635$902$308
44 years$7,961$4,751$2,721$1,510$819$271
45 years$7,696$4,531$2,555$1,394$743$239
46 years$7,444$4,322$2,400$1,288$675$210
47 years$7,203$4,125$2,254$1,190$613$185
48 years$6,972$3,938$2,119$1,099$556$163
49 years$6,752$3,760$1,991$1,016$505$144
50 years$6,542$3,592$1,872$939$459$127

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $6,700,000, adding $2,536 every year, while hoping to spend $48,035 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: 42/37/21 Blend
39$6,700,000$6,700,000$6,700,000$6,700,000
40$7,386,016$7,030,916$6,927,066$7,650,691
41$8,088,281$7,324,322$7,108,014$8,132,532
42$8,860,566$7,630,495$7,293,413$8,649,160
43$9,709,965$7,950,010$7,483,363$9,207,647
44$10,644,289$8,283,468$7,677,964$9,811,866
45$11,672,147$8,631,498$7,877,316$10,466,068
46$12,803,024$8,994,760$8,081,524$11,174,920
47$14,047,371$9,373,941$8,290,693$11,943,550
48$15,416,701$9,769,763$8,504,931$12,777,590
49$16,923,704$10,182,980$8,724,345$13,683,230
50$18,582,357$10,614,382$8,949,045$14,667,269
51$20,408,064$11,064,794$9,179,146$15,737,182
52$22,417,799$11,535,080$9,414,759$16,901,186
53$24,630,261$12,026,147$9,656,000$18,168,311
54$27,066,060$12,538,939$9,902,988$19,548,490
55$29,747,900$13,074,449$10,155,840$21,052,642
56$32,700,802$13,633,714$10,414,678$22,692,777
57$35,952,337$14,217,819$10,679,622$24,482,103
58$39,532,885$14,827,901$10,950,799$26,435,149
59$43,475,920$15,465,150$11,228,332$28,567,899
60$47,818,332$16,130,810$11,512,349$30,897,936
61$52,600,767$16,826,185$11,802,978$33,444,609
62$57,868,018$17,552,640$12,100,350$36,229,205
63$63,669,439$18,311,604$12,404,595$39,275,154
64$70,059,421$19,104,571$12,715,848$42,608,237
65$77,097,896$19,933,109$13,034,243$46,256,831
66$84,850,906$20,798,856$13,359,914$50,252,169
67$93,391,227$21,703,528$13,693,000$54,628,631
68$102,799,055$22,648,924$14,033,639$59,424,062
69$113,162,762$23,636,925$14,381,969$64,680,126
70$124,579,731$24,669,501$14,738,132$70,442,690
71$137,157,273$25,748,716$15,102,269$76,762,255
72$151,013,642$26,876,731$15,474,522$83,694,423
73$166,279,150$28,055,807$15,855,036$91,300,417
74$183,097,396$29,288,315$16,243,953$99,647,651
75$201,626,624$30,576,736$16,641,418$108,810,362
76$222,041,212$31,923,668$17,047,578$118,870,300
77$244,533,321$33,331,833$17,462,577$129,917,492
78$269,314,707$34,804,081$17,886,561$142,051,086
79$296,618,724$36,343,397$18,319,677$155,380,279
80$326,702,518$37,952,908$18,762,071$170,025,332
81$359,849,463$39,635,889$19,213,889$186,118,707
82$396,371,830$41,395,769$19,675,276$203,806,297
83$436,613,737$43,236,142$20,146,378$223,248,801
84$480,954,396$45,160,770$20,627,339$244,623,226
85$529,811,692$47,173,596$21,118,303$268,124,547
86$583,646,131$49,278,749$21,619,412$293,967,538
87$642,965,183$51,480,554$22,130,809$322,388,788
88$708,328,073$53,783,543$22,652,633$353,648,917
89$780,351,062$56,192,462$23,185,021$388,035,028
90$859,713,262$58,712,284$23,728,111$425,863,402
91$947,163,048$61,348,219$24,282,036$467,482,468
92$1,043,525,121$64,105,724$24,846,926$513,276,077
93$1,149,708,296$66,990,517$25,422,911$563,667,114
94$1,266,714,079$70,008,589$26,010,115$619,121,468
95$1,395,646,121$73,166,216$26,608,660$680,152,416
96$1,537,720,638$76,469,973$27,218,663$747,325,449
97$1,694,277,893$79,926,751$27,840,238$821,263,594
98$1,866,794,844$83,543,769$28,473,492$902,653,273
99$2,056,899,094$87,328,589$29,118,529$992,250,763
100$2,266,384,249$91,289,137$29,775,448$1,090,889,316