Can I retire at age 40 with 7,100,000?

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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$586,311$581,089$575,993$571,020$566,164$548,041
2 years$290,253$284,847$279,608$274,529$269,602$251,510
3 years$191,580$186,151$180,925$175,893$171,047$153,554
4 years$142,253$136,841$131,667$126,721$121,992$105,233
5 years$112,665$107,285$102,179$97,334$92,736$76,755
6 years$92,945$87,606$82,576$77,839$73,379$58,190
7 years$78,866$73,571$68,621$63,996$59,677$45,277
8 years$68,311$63,064$58,196$53,684$49,508$35,888
9 years$60,106$54,909$50,124$45,727$41,693$28,838
10 years$53,546$48,399$43,699$39,417$35,524$23,415
11 years$48,182$43,087$38,472$34,305$30,552$19,165
12 years$43,715$38,673$34,143$30,090$26,476$15,787
13 years$39,939$34,949$30,505$26,565$23,087$13,071
14 years$36,704$31,768$27,409$23,581$20,238$10,867
15 years$33,904$29,020$24,746$21,030$17,819$9,064
16 years$31,456$26,625$22,436$18,830$15,749$7,582
17 years$29,298$24,521$20,416$16,919$13,964$6,356
18 years$27,382$22,659$18,637$15,247$12,416$5,339
19 years$25,670$21,000$17,061$13,777$11,067$4,491
20 years$24,131$19,514$15,658$12,478$9,885$3,783
21 years$22,740$18,177$14,402$11,325$8,846$3,190
22 years$21,477$16,967$13,274$10,297$7,929$2,692
23 years$20,326$15,869$12,256$9,377$7,118$2,274
24 years$19,273$14,868$11,335$8,553$6,398$1,922
25 years$18,305$13,953$10,498$7,811$5,757$1,625
26 years$17,413$13,114$9,737$7,142$5,186$1,375
27 years$16,589$12,341$9,041$6,537$4,675$1,164
28 years$15,824$11,629$8,405$5,989$4,218$985
29 years$15,114$10,971$7,822$5,492$3,809$835
30 years$14,453$10,361$7,286$5,041$3,442$707
31 years$13,835$9,794$6,792$4,629$3,112$599
32 years$13,257$9,268$6,337$4,255$2,815$508
33 years$12,715$8,777$5,917$3,912$2,547$430
34 years$12,206$8,318$5,529$3,600$2,306$365
35 years$11,728$7,890$5,169$3,314$2,089$309
36 years$11,276$7,488$4,835$3,052$1,893$262
37 years$10,851$7,112$4,526$2,812$1,715$222
38 years$10,448$6,759$4,238$2,592$1,555$188
39 years$10,068$6,427$3,971$2,390$1,410$160
40 years$9,707$6,115$3,722$2,204$1,279$135
41 years$9,364$5,821$3,490$2,034$1,161$115
42 years$9,039$5,544$3,274$1,877$1,053$97
43 years$8,730$5,282$3,072$1,733$956$83
44 years$8,436$5,035$2,883$1,600$867$70
45 years$8,155$4,801$2,707$1,477$788$59
46 years$7,888$4,580$2,543$1,365$715$50
47 years$7,633$4,371$2,389$1,261$649$43
48 years$7,389$4,173$2,245$1,165$590$36
49 years$7,155$3,985$2,110$1,077$536$31
50 years$6,932$3,806$1,984$995$486$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $7,100,000, adding $4,702 every year, while hoping to spend $43,984 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: 56/33/11 Blend
39$7,100,000$7,100,000$7,100,000$7,100,000
40$7,829,050$7,452,750$7,342,700$8,245,763
41$8,580,815$7,771,136$7,541,882$8,846,528
42$9,407,785$8,103,649$7,746,262$9,495,322
43$10,317,586$8,450,935$7,955,969$10,200,956
44$11,318,617$8,813,668$8,171,132$10,968,861
45$12,420,137$9,192,558$8,391,885$11,805,012
46$13,632,342$9,588,345$8,618,364$12,715,974
47$14,966,471$10,001,804$8,850,709$13,708,965
48$16,434,905$10,433,747$9,089,062$14,791,924
49$18,051,288$10,885,023$9,333,569$15,973,583
50$19,830,653$11,356,522$9,584,377$17,263,542
51$21,789,564$11,849,177$9,841,638$18,672,364
52$23,946,274$12,363,961$10,105,507$20,211,668
53$26,320,895$12,901,896$10,376,143$21,894,238
54$28,935,588$13,464,051$10,653,705$23,734,138
55$31,814,774$14,051,545$10,938,360$25,746,845
56$34,985,361$14,665,551$11,230,276$27,949,390
57$38,477,001$15,307,296$11,529,623$30,360,515
58$42,322,366$15,978,065$11,836,577$33,000,850
59$46,557,462$16,679,204$12,151,316$35,893,099
60$51,221,960$17,412,123$12,474,023$39,062,254
61$56,359,581$18,178,297$12,804,883$42,535,827
62$62,018,497$18,979,272$13,144,085$46,344,104
63$68,251,795$19,816,668$13,491,824$50,520,429
64$75,117,973$20,692,180$13,848,295$55,101,511
65$82,681,493$21,607,584$14,213,700$60,127,768
66$91,013,389$22,564,739$14,588,242$65,643,705
67$100,191,938$23,565,594$14,972,131$71,698,325
68$110,303,396$24,612,189$15,365,578$78,345,592
69$121,442,818$25,706,661$15,768,800$85,644,927
70$133,714,947$26,851,250$16,182,017$93,661,773
71$147,235,210$28,048,300$16,605,453$102,468,198
72$162,130,802$29,300,267$17,039,336$112,143,573
73$178,541,889$30,609,725$17,483,899$122,775,315
74$196,622,930$31,979,369$17,939,378$134,459,704
75$216,544,134$33,412,024$18,406,013$147,302,785
76$238,493,070$34,910,647$18,884,048$161,421,361
77$262,676,433$36,478,338$19,373,733$176,944,091
78$289,321,996$38,118,344$19,875,320$194,012,692
79$318,680,762$39,834,066$20,389,066$212,783,268
80$351,029,332$41,629,067$20,915,232$233,427,779
81$386,672,515$43,507,083$21,454,084$256,135,652
82$425,946,206$45,472,024$22,005,889$281,115,560
83$469,220,556$47,527,989$22,570,923$308,597,381
84$516,903,466$49,679,274$23,149,463$338,834,357
85$569,444,439$51,930,378$23,741,789$372,105,477
86$627,338,821$54,286,016$24,348,188$408,718,091
87$691,132,478$56,751,128$24,968,950$449,010,810
88$761,426,948$59,330,891$25,604,368$493,356,681
89$838,885,122$62,030,730$26,254,739$542,166,697
90$924,237,497$64,856,328$26,920,365$595,893,667
91$1,018,289,076$67,813,643$27,601,552$655,036,470
92$1,121,926,966$70,908,916$28,298,609$720,144,755
93$1,236,128,752$74,148,688$29,011,847$791,824,110
94$1,361,971,725$77,539,813$29,741,584$870,741,760
95$1,500,643,053$81,089,476$30,488,139$957,632,856
96$1,653,450,987$84,805,204$31,251,835$1,053,307,389
97$1,821,837,216$88,694,886$32,032,999$1,158,657,821
98$2,007,390,467$92,766,791$32,831,960$1,274,667,489
99$2,211,861,515$97,029,584$33,649,051$1,402,419,869
100$2,437,179,702$101,492,346$34,484,606$1,543,108,778