Can I retire at age 40 with 6,800,000?

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 $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$561,538$556,536$551,656$546,893$542,242$534,580
2 years$277,989$272,812$267,794$262,929$258,210$250,506
3 years$183,485$178,285$173,280$168,461$163,819$156,312
4 years$136,242$131,059$126,104$121,367$116,837$109,585
5 years$107,904$102,752$97,862$93,221$88,818$81,841
6 years$89,018$83,904$79,087$74,550$70,279$63,586
7 years$75,534$70,463$65,722$61,292$57,155$50,749
8 years$65,425$60,400$55,737$51,416$47,416$41,295
9 years$57,566$52,589$48,006$43,795$39,931$34,093
10 years$51,283$46,354$41,853$37,752$34,023$28,464
11 years$46,146$41,267$36,847$32,855$29,261$23,975
12 years$41,868$37,039$32,701$28,819$25,357$20,337
13 years$38,251$33,472$29,216$25,442$22,112$17,352
14 years$35,153$30,425$26,250$22,585$19,383$14,876
15 years$32,471$27,794$23,701$20,142$17,066$12,804
16 years$30,127$25,500$21,488$18,035$15,083$11,057
17 years$28,060$23,485$19,553$16,204$13,374$9,576
18 years$26,225$21,701$17,850$14,603$11,891$8,313
19 years$24,585$20,112$16,341$13,195$10,599$7,232
20 years$23,111$18,689$14,997$11,951$9,467$6,302
21 years$21,779$17,408$13,794$10,846$8,472$5,500
22 years$20,570$16,250$12,713$9,862$7,594$4,807
23 years$19,467$15,198$11,738$8,981$6,817$4,205
24 years$18,458$14,240$10,856$8,191$6,127$3,683
25 years$17,531$13,364$10,055$7,481$5,514$3,228
26 years$16,677$12,560$9,325$6,840$4,966$2,831
27 years$15,888$11,820$8,659$6,261$4,478$2,485
28 years$15,156$11,138$8,050$5,736$4,040$2,183
29 years$14,476$10,507$7,491$5,260$3,648$1,918
30 years$13,842$9,923$6,978$4,828$3,296$1,686
31 years$13,250$9,381$6,505$4,434$2,980$1,483
32 years$12,697$8,876$6,070$4,075$2,696$1,304
33 years$12,178$8,406$5,667$3,747$2,440$1,148
34 years$11,690$7,967$5,295$3,448$2,209$1,010
35 years$11,232$7,556$4,950$3,174$2,001$889
36 years$10,800$7,172$4,631$2,923$1,813$783
37 years$10,392$6,812$4,335$2,693$1,643$690
38 years$10,007$6,474$4,059$2,482$1,489$607
39 years$9,642$6,156$3,803$2,289$1,351$535
40 years$9,297$5,857$3,565$2,111$1,225$471
41 years$8,969$5,575$3,342$1,948$1,111$415
42 years$8,657$5,309$3,135$1,798$1,009$366
43 years$8,361$5,059$2,942$1,659$915$323
44 years$8,079$4,822$2,762$1,532$831$284
45 years$7,811$4,598$2,593$1,415$754$251
46 years$7,555$4,387$2,435$1,307$685$221
47 years$7,310$4,186$2,288$1,208$622$195
48 years$7,076$3,996$2,150$1,116$565$172
49 years$6,853$3,816$2,021$1,031$513$151
50 years$6,639$3,645$1,900$953$466$133

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $6,800,000, adding $3,138 every year, while hoping to spend $46,219 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: 37/49/14 Blend
39$6,800,000$6,800,000$6,800,000$6,800,000
40$7,496,837$7,136,437$7,031,037$7,742,066
41$8,212,338$7,436,946$7,217,400$8,218,716
42$8,999,270$7,750,630$7,408,457$8,728,564
43$9,864,872$8,078,088$7,604,317$9,278,266
44$10,817,117$8,419,942$7,805,090$9,871,410
45$11,864,792$8,776,847$8,010,888$10,511,932
46$13,017,575$9,149,487$8,221,827$11,204,145
47$14,286,133$9,538,578$8,438,024$11,952,785
48$15,682,218$9,944,868$8,659,598$12,763,046
49$17,218,779$10,369,141$8,886,669$13,640,627
50$18,910,085$10,812,219$9,119,362$14,591,786
51$20,771,855$11,274,959$9,357,803$15,623,394
52$22,821,414$11,758,262$9,602,119$16,742,994
53$25,077,849$12,263,067$9,852,441$17,958,871
54$27,562,192$12,790,361$10,108,900$19,280,128
55$30,297,621$13,341,174$10,371,634$20,716,764
56$33,309,672$13,916,585$10,640,777$22,279,766
57$36,626,485$14,517,724$10,916,470$23,981,209
58$40,279,069$15,145,775$11,198,854$25,834,365
59$44,301,592$15,801,976$11,488,074$27,853,824
60$48,731,706$16,487,624$11,784,275$30,055,626
61$53,610,898$17,204,076$12,087,607$32,457,406
62$58,984,888$17,952,754$12,398,220$35,078,558
63$64,904,053$18,735,145$12,716,267$37,940,412
64$71,423,909$19,552,810$13,041,904$41,066,425
65$78,605,628$20,407,378$13,375,288$44,482,404
66$86,516,623$21,300,560$13,716,581$48,216,735
67$95,231,175$22,234,144$14,065,943$52,300,651
68$104,831,141$23,210,004$14,423,539$56,768,514
69$115,406,726$24,230,102$14,789,535$61,658,137
70$127,057,328$25,296,494$15,164,101$67,011,131
71$139,892,485$26,411,331$15,547,407$72,873,289
72$154,032,899$27,576,867$15,939,627$79,295,010
73$169,611,584$28,795,463$16,340,934$86,331,767
74$186,775,116$30,069,591$16,751,505$94,044,624
75$205,685,018$31,401,840$17,171,520$102,500,795
76$226,519,283$32,794,923$17,601,159$111,774,277
77$249,474,056$34,251,681$18,040,604$121,946,532
78$274,765,485$35,775,089$18,490,040$133,107,249
79$302,631,759$37,368,263$18,949,651$145,355,177
80$333,335,360$39,034,470$19,419,626$158,799,045
81$367,165,536$40,777,128$19,900,153$173,558,577
82$404,441,033$42,599,820$20,391,421$189,765,608
83$445,513,107$44,506,299$20,893,621$207,565,315
84$490,768,834$46,500,497$21,406,947$227,117,574
85$540,634,766$48,586,533$21,931,591$248,598,454
86$595,580,960$50,768,721$22,467,748$272,201,861
87$656,125,411$53,051,582$23,015,611$298,141,355
88$722,838,945$55,439,852$23,575,376$326,652,147
89$796,350,605$57,938,492$24,147,238$357,993,302
90$877,353,590$60,552,701$24,731,394$392,450,166
91$966,611,799$63,287,926$25,328,038$430,337,041
92$1,064,967,042$66,149,874$25,937,367$472,000,126
93$1,173,346,986$69,144,523$26,559,575$517,820,772
94$1,292,773,914$72,278,140$27,194,855$568,219,053
95$1,424,374,372$75,557,288$27,843,402$623,657,709
96$1,569,389,809$78,988,846$28,505,407$684,646,493
97$1,729,188,292$82,580,022$29,181,061$751,746,954
98$1,905,277,423$86,338,368$29,870,551$825,577,711
99$2,099,318,571$90,271,799$30,574,066$906,820,266
100$2,313,142,556$94,388,608$31,291,787$996,225,407