Can I retire at age 40 with 7,300,000?

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 $7,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$602,827$597,458$592,219$587,105$582,112$578,201
2 years$298,429$292,871$287,485$282,262$277,196$273,252
3 years$196,977$191,395$186,022$180,848$175,865$172,009
4 years$146,260$140,695$135,376$130,291$125,428$121,691
5 years$115,838$110,307$105,057$100,076$95,349$91,741
6 years$95,564$90,074$84,902$80,031$75,446$71,973
7 years$81,087$75,644$70,554$65,798$61,358$58,020
8 years$70,235$64,841$59,835$55,197$50,902$47,700
9 years$61,799$56,456$51,536$47,015$42,867$39,800
10 years$55,054$49,763$44,930$40,528$36,525$33,591
11 years$49,539$44,301$39,556$35,271$31,413$28,610
12 years$44,947$39,762$35,105$30,938$27,221$24,548
13 years$41,064$35,933$31,364$27,313$23,738$21,190
14 years$37,738$32,662$28,181$24,246$20,808$18,384
15 years$34,859$29,838$25,443$21,623$18,321$16,017
16 years$32,342$27,376$23,068$19,361$16,192$14,004
17 years$30,123$25,212$20,991$17,396$14,357$12,282
18 years$28,153$23,297$19,162$15,677$12,766$10,800
19 years$26,393$21,591$17,542$14,165$11,378$9,518
20 years$24,810$20,064$16,099$12,830$10,163$8,405
21 years$23,381$18,689$14,808$11,644$9,095$7,434
22 years$22,082$17,445$13,648$10,587$8,153$6,586
23 years$20,899$16,316$12,602$9,642$7,318$5,842
24 years$19,816$15,287$11,654$8,794$6,578$5,187
25 years$18,821$14,346$10,794$8,031$5,919$4,611
26 years$17,904$13,483$10,011$7,343$5,332$4,103
27 years$17,056$12,689$9,296$6,721$4,807$3,653
28 years$16,270$11,957$8,642$6,158$4,337$3,255
29 years$15,540$11,280$8,042$5,647$3,916$2,902
30 years$14,860$10,653$7,491$5,183$3,539$2,589
31 years$14,225$10,070$6,984$4,760$3,199$2,310
32 years$13,630$9,529$6,516$4,374$2,894$2,063
33 years$13,073$9,024$6,084$4,023$2,619$1,842
34 years$12,550$8,552$5,684$3,701$2,371$1,646
35 years$12,058$8,112$5,314$3,407$2,148$1,471
36 years$11,594$7,699$4,972$3,138$1,946$1,315
37 years$11,156$7,313$4,653$2,891$1,764$1,176
38 years$10,743$6,950$4,358$2,665$1,599$1,052
39 years$10,351$6,608$4,083$2,457$1,450$941
40 years$9,980$6,287$3,827$2,266$1,315$842
41 years$9,628$5,985$3,588$2,091$1,193$754
42 years$9,294$5,700$3,366$1,930$1,083$675
43 years$8,976$5,431$3,158$1,781$983$604
44 years$8,673$5,177$2,965$1,645$892$541
45 years$8,385$4,936$2,784$1,519$810$484
46 years$8,110$4,709$2,615$1,403$735$433
47 years$7,848$4,494$2,456$1,296$668$388
48 years$7,597$4,290$2,308$1,198$606$347
49 years$7,357$4,097$2,170$1,107$551$311
50 years$7,127$3,913$2,040$1,023$500$279

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $7,300,000, adding $3,598 every year, while hoping to spend $53,327 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: 60/14/26 Blend
39$7,300,000$7,300,000$7,300,000$7,300,000
40$8,048,311$7,661,411$7,548,261$8,474,707
41$8,812,500$7,980,081$7,744,389$9,084,130
42$9,652,848$8,312,578$7,945,299$9,742,722
43$10,577,068$8,659,524$8,151,096$10,460,211
44$11,593,657$9,021,569$8,361,886$11,242,336
45$12,711,976$9,399,392$8,577,775$12,095,418
46$13,942,341$9,793,705$8,798,874$13,026,411
47$15,296,115$10,205,253$9,025,292$14,042,968
48$16,785,822$10,634,813$9,257,142$15,153,513
49$18,425,258$11,083,201$9,494,539$16,367,320
50$20,229,626$11,551,270$9,737,598$17,694,597
51$22,215,677$12,039,911$9,986,436$19,146,582
52$24,401,868$12,550,059$10,241,174$20,735,650
53$26,808,537$13,082,689$10,501,931$22,475,422
54$29,458,092$13,638,826$10,768,830$24,380,900
55$32,375,228$14,219,538$11,041,996$26,468,601
56$35,587,152$14,825,947$11,321,554$28,756,714
57$39,123,846$15,459,223$11,607,631$31,265,269
58$43,018,347$16,120,594$11,900,355$34,016,326
59$47,307,060$16,811,344$12,199,858$37,034,178
60$52,030,098$17,532,818$12,506,271$40,345,582
61$57,231,663$18,286,421$12,819,727$43,980,008
62$62,960,465$19,073,628$13,140,360$47,969,913
63$69,270,177$19,895,980$13,468,306$52,351,051
64$76,219,943$20,755,091$13,803,703$57,162,801
65$83,874,938$21,652,652$14,146,688$62,448,543
66$92,306,980$22,590,430$14,497,400$68,256,060
67$101,595,209$23,570,279$14,855,980$74,637,990
68$111,826,835$24,594,137$15,222,570$81,652,319
69$123,097,958$25,664,035$15,597,312$89,362,924
70$135,514,475$26,782,098$15,980,347$97,840,177
71$149,193,084$27,950,554$16,371,822$107,161,603
72$164,262,380$29,171,731$16,771,878$117,412,610
73$180,864,068$30,448,072$17,180,662$128,687,293
74$199,154,308$31,782,132$17,598,319$141,089,318
75$219,305,178$33,176,587$18,024,993$154,732,897
76$241,506,306$34,634,240$18,460,831$169,743,861
77$265,966,657$36,158,026$18,905,977$186,260,850
78$292,916,506$37,751,019$19,360,576$204,436,612
79$322,609,609$39,416,438$19,824,775$224,439,441
80$355,325,600$41,157,654$20,298,715$246,454,768
81$391,372,631$42,978,199$20,782,542$270,686,899
82$431,090,279$44,881,771$21,276,398$297,360,946
83$474,852,754$46,872,244$21,780,423$326,724,940
84$523,072,425$48,953,675$22,294,758$359,052,178
85$576,203,721$51,130,313$22,819,541$394,643,787
86$634,747,413$53,406,611$23,354,908$433,831,569
87$699,255,346$55,787,232$23,900,994$476,981,125
88$770,335,644$58,277,059$24,457,930$524,495,300
89$848,658,455$60,881,210$25,025,846$576,817,982
90$934,962,272$63,605,044$25,604,866$634,438,285
91$1,030,060,909$66,454,177$26,195,115$697,895,160
92$1,134,851,181$69,434,490$26,796,710$767,782,478
93$1,250,321,368$72,552,147$27,409,767$844,754,626
94$1,377,560,548$75,813,603$28,034,395$929,532,682
95$1,517,768,877$79,225,622$28,670,699$1,022,911,209
96$1,672,268,915$82,795,290$29,318,780$1,125,765,754
97$1,842,518,116$86,530,031$29,978,732$1,239,061,101
98$2,030,122,587$90,437,625$30,650,642$1,363,860,375
99$2,236,852,243$94,526,221$31,334,591$1,501,335,062
100$2,464,657,524$98,804,359$32,030,652$1,652,776,069