Can I retire at age 40 with 6,900,000?

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 $6,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$569,796$564,720$559,768$554,935$550,216$538,007
2 years$282,077$276,824$271,732$266,796$262,007$249,771
3 years$186,183$180,907$175,829$170,939$166,228$154,346
4 years$138,246$132,986$127,958$123,152$118,555$107,119
5 years$109,491$104,263$99,301$94,592$90,124$79,165
6 years$90,327$85,138$80,250$75,646$71,312$60,843
7 years$76,644$71,499$66,688$62,193$57,996$48,018
8 years$66,387$61,288$56,557$52,172$48,113$38,623
9 years$58,413$53,362$48,712$44,439$40,518$31,509
10 years$52,037$47,036$42,468$38,307$34,524$25,985
11 years$46,825$41,873$37,389$33,338$29,691$21,613
12 years$42,484$37,583$33,181$29,242$25,730$18,099
13 years$38,814$33,964$29,645$25,817$22,437$15,239
14 years$35,670$30,873$26,637$22,917$19,668$12,889
15 years$32,949$28,203$24,049$20,438$17,317$10,942
16 years$30,570$25,875$21,804$18,300$15,305$9,318
17 years$28,473$23,830$19,841$16,442$13,571$7,955
18 years$26,611$22,020$18,112$14,818$12,066$6,806
19 years$24,947$20,408$16,581$13,389$10,755$5,834
20 years$23,451$18,964$15,217$12,127$9,607$5,008
21 years$22,099$17,665$13,997$11,006$8,597$4,305
22 years$20,872$16,489$12,900$10,007$7,706$3,705
23 years$19,754$15,422$11,911$9,113$6,917$3,191
24 years$18,730$14,449$11,016$8,312$6,217$2,751
25 years$17,789$13,560$10,203$7,591$5,595$2,374
26 years$16,922$12,744$9,463$6,941$5,039$2,049
27 years$16,121$11,994$8,787$6,353$4,543$1,770
28 years$15,379$11,302$8,168$5,821$4,100$1,529
29 years$14,688$10,662$7,601$5,338$3,702$1,322
30 years$14,045$10,069$7,080$4,899$3,345$1,143
31 years$13,445$9,519$6,601$4,499$3,024$989
32 years$12,883$9,006$6,159$4,135$2,736$855
33 years$12,357$8,529$5,750$3,802$2,476$740
34 years$11,862$8,084$5,373$3,498$2,241$641
35 years$11,397$7,667$5,023$3,220$2,030$555
36 years$10,959$7,277$4,699$2,966$1,839$480
37 years$10,545$6,912$4,398$2,733$1,667$416
38 years$10,154$6,569$4,119$2,519$1,511$360
39 years$9,784$6,246$3,859$2,322$1,371$312
40 years$9,433$5,943$3,617$2,142$1,243$270
41 years$9,101$5,657$3,392$1,976$1,128$234
42 years$8,785$5,388$3,181$1,824$1,023$203
43 years$8,484$5,133$2,985$1,684$929$176
44 years$8,198$4,893$2,802$1,555$843$152
45 years$7,926$4,666$2,631$1,436$765$132
46 years$7,666$4,451$2,471$1,326$695$114
47 years$7,418$4,248$2,322$1,225$631$99
48 years$7,180$4,055$2,182$1,132$573$86
49 years$6,954$3,872$2,051$1,046$520$74
50 years$6,737$3,699$1,928$967$473$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $6,900,000, adding $6,402 every year, while hoping to spend $54,691 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: 28/43/29 Blend
39$6,900,000$6,900,000$6,900,000$6,900,000
40$7,610,404$7,244,704$7,137,754$7,755,035
41$8,328,474$7,541,503$7,318,678$8,168,551
42$9,117,955$7,851,013$7,503,830$8,607,365
43$9,986,071$8,173,798$7,693,293$9,077,727
44$10,940,786$8,510,450$7,887,154$9,582,386
45$11,990,869$8,861,585$8,085,497$10,124,352
46$13,145,986$9,227,851$8,288,409$10,706,925
47$14,416,785$9,609,923$8,495,979$11,333,723
48$15,814,997$10,008,510$8,708,294$12,008,711
49$17,353,549$10,424,349$8,925,444$12,736,237
50$19,046,684$10,858,215$9,147,520$13,521,074
51$20,910,096$11,310,918$9,374,612$14,368,456
52$22,961,076$11,783,303$9,606,812$15,284,127
53$25,218,678$12,276,257$9,844,212$16,274,395
54$27,703,896$12,790,707$10,086,906$17,346,184
55$30,439,863$13,327,621$10,334,987$18,507,096
56$33,452,069$13,888,014$10,588,549$19,765,483
57$36,768,601$14,472,948$10,847,686$21,130,519
58$40,420,409$15,083,533$11,112,494$22,612,283
59$44,441,595$15,720,931$11,383,068$24,221,850
60$48,869,739$16,386,358$11,659,502$25,971,394
61$53,746,250$17,081,087$11,941,892$27,874,294
62$59,116,756$17,806,448$12,230,334$29,945,259
63$65,031,538$18,563,837$12,524,923$32,200,461
64$71,546,001$19,354,712$12,825,755$34,657,682
65$78,721,199$20,180,598$13,132,923$37,336,479
66$86,624,408$21,043,095$13,446,523$40,258,359
67$95,329,765$21,943,874$13,766,649$43,446,981
68$104,918,963$22,884,685$14,093,393$46,928,369
69$115,482,023$23,867,361$14,426,848$50,731,156
70$127,118,148$24,893,820$14,767,106$54,886,843
71$139,936,652$25,966,070$15,114,257$59,430,094
72$154,057,996$27,086,213$15,468,390$64,399,053
73$169,614,922$28,256,448$15,829,591$69,835,699
74$186,753,710$29,479,079$16,197,948$75,786,231
75$205,635,553$30,756,519$16,573,544$82,301,502
76$226,438,082$32,091,292$16,956,461$89,437,484
77$249,357,042$33,486,041$17,346,778$97,255,794
78$274,608,138$34,943,534$17,744,573$105,824,261
79$302,429,071$36,466,670$18,149,919$115,217,560
80$333,081,782$38,058,483$18,562,887$125,517,906
81$366,854,926$39,722,151$18,983,546$136,815,820
82$404,066,593$41,461,000$19,411,959$149,210,973
83$445,067,312$43,278,516$19,848,187$162,813,114
84$490,243,362$45,178,347$20,292,285$177,743,095
85$540,020,412$47,164,314$20,744,304$194,134,002
86$594,867,548$49,240,418$21,204,291$212,132,393
87$655,301,690$51,410,851$21,672,287$231,899,674
88$721,892,480$53,680,001$22,148,327$253,613,603
89$795,267,657$56,052,465$22,632,440$277,469,958
90$876,118,980$58,533,057$23,124,648$303,684,367
91$965,208,759$61,126,820$23,624,967$332,494,328
92$1,063,377,053$63,839,035$24,133,404$364,161,435
93$1,171,549,598$66,675,234$24,649,960$398,973,828
94$1,290,746,549$69,641,212$25,174,624$437,248,898
95$1,422,092,103$72,743,037$25,707,380$479,336,261
96$1,566,825,120$75,987,069$26,248,200$525,621,038
97$1,726,310,812$79,379,965$26,797,045$576,527,473
98$1,902,053,636$82,928,705$27,353,867$632,522,914
99$2,095,711,490$86,640,594$27,918,605$694,122,201
100$2,309,111,369$90,523,290$28,491,185$761,892,504