Can I retire at age 40 with 7,500,000?

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 $7,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$619,343$613,826$608,444$603,190$598,061$580,778
2 years$306,605$300,895$295,361$289,995$284,791$267,517
3 years$202,373$196,638$191,118$185,803$180,683$163,958
4 years$150,267$144,550$139,085$133,860$128,865$112,817
5 years$119,012$113,329$107,936$102,818$97,961$82,635
6 years$98,182$92,542$87,228$82,224$77,513$62,922
7 years$83,309$77,716$72,487$67,601$63,039$49,183
8 years$72,160$66,617$61,475$56,709$52,297$39,168
9 years$63,492$58,002$52,948$48,303$44,041$31,627
10 years$56,562$51,126$46,161$41,638$37,526$25,809
11 years$50,896$45,515$40,640$36,237$32,273$21,234
12 years$46,178$40,851$36,067$31,785$27,967$17,584
13 years$42,189$36,918$32,223$28,062$24,388$14,638
14 years$38,772$33,557$28,953$24,910$21,378$12,237
15 years$35,814$30,655$26,140$22,215$18,823$10,265
16 years$33,228$28,126$23,700$19,891$16,636$8,636
17 years$30,948$25,903$21,566$17,872$14,751$7,282
18 years$28,925$23,935$19,687$16,106$13,116$6,153
19 years$27,116$22,183$18,023$14,554$11,690$5,207
20 years$25,490$20,613$16,540$13,181$10,442$4,413
21 years$24,021$19,201$15,214$11,963$9,344$3,744
22 years$22,687$17,923$14,022$10,877$8,376$3,180
23 years$21,471$16,763$12,947$9,906$7,519$2,703
24 years$20,358$15,706$11,974$9,035$6,758$2,299
25 years$19,336$14,739$11,090$8,251$6,081$1,957
26 years$18,394$13,852$10,285$7,544$5,478$1,666
27 years$17,523$13,037$9,551$6,905$4,939$1,419
28 years$16,716$12,284$8,879$6,327$4,456$1,210
29 years$15,966$11,589$8,262$5,802$4,024$1,031
30 years$15,267$10,945$7,696$5,325$3,636$879
31 years$14,614$10,346$7,175$4,890$3,287$750
32 years$14,004$9,790$6,694$4,494$2,973$640
33 years$13,431$9,271$6,251$4,133$2,691$546
34 years$12,894$8,787$5,840$3,803$2,436$466
35 years$12,388$8,334$5,460$3,500$2,207$397
36 years$11,912$7,910$5,108$3,224$1,999$339
37 years$11,462$7,513$4,781$2,970$1,812$290
38 years$11,037$7,140$4,477$2,738$1,643$247
39 years$10,635$6,789$4,194$2,524$1,490$211
40 years$10,254$6,460$3,931$2,328$1,351$180
41 years$9,892$6,149$3,686$2,148$1,226$154
42 years$9,549$5,856$3,458$1,983$1,112$131
43 years$9,222$5,580$3,245$1,830$1,010$112
44 years$8,911$5,319$3,046$1,690$916$96
45 years$8,615$5,072$2,860$1,561$832$82
46 years$8,332$4,838$2,686$1,442$755$70
47 years$8,063$4,617$2,524$1,332$686$60
48 years$7,805$4,408$2,372$1,231$623$51
49 years$7,558$4,209$2,229$1,137$566$43
50 years$7,323$4,021$2,096$1,051$514$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $7,500,000, adding $3,647 every year, while hoping to spend $57,389 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: 64/22/14 Blend
39$7,500,000$7,500,000$7,500,000$7,500,000
40$8,268,762$7,871,262$7,755,012$8,770,091
41$9,051,114$8,195,892$7,953,743$9,430,776
42$9,911,343$8,534,506$8,157,209$10,145,218
43$10,857,331$8,887,728$8,365,506$10,924,220
44$11,897,763$9,256,211$8,578,735$11,774,072
45$13,042,209$9,640,639$8,796,997$12,701,695
46$14,301,210$10,041,727$9,020,392$13,714,705
47$15,686,384$10,460,221$9,249,025$14,821,483
48$17,210,528$10,896,905$9,483,001$16,031,251
49$18,887,745$11,352,597$9,722,425$17,354,158
50$20,733,573$11,828,153$9,967,404$18,801,378
51$22,765,134$12,324,468$10,218,048$20,385,207
52$25,001,290$12,842,479$10,474,465$22,119,183
53$27,462,829$13,383,168$10,736,767$24,018,208
54$30,172,654$13,947,560$11,005,066$26,098,689
55$33,156,003$14,536,728$11,279,473$28,378,690
56$36,440,684$15,151,797$11,560,105$30,878,100
57$40,057,340$15,793,941$11,847,074$33,618,818
58$44,039,735$16,464,391$12,140,498$36,624,959
59$48,425,076$17,164,434$12,440,492$39,923,078
60$53,254,360$17,895,418$12,747,176$43,542,417
61$58,572,764$18,658,753$13,060,665$47,515,182
62$64,430,069$19,455,914$13,381,080$51,876,841
63$70,881,129$20,288,448$13,708,540$56,666,455
64$77,986,393$21,157,970$14,043,164$61,927,047
65$85,812,468$22,066,173$14,385,073$67,706,004
66$94,432,753$23,014,829$14,734,387$74,055,519
67$103,928,132$24,005,793$15,091,226$81,033,083
68$114,387,731$25,041,007$15,455,712$88,702,020
69$125,909,765$26,122,502$15,827,964$97,132,088
70$138,602,463$27,252,406$16,208,103$106,400,126
71$152,585,088$28,432,948$16,596,248$116,590,780
72$167,989,064$29,666,460$16,992,519$127,797,296
73$184,959,215$30,955,382$17,397,035$140,122,397
74$203,655,132$32,302,273$17,809,913$153,679,247
75$224,252,680$33,709,809$18,231,269$168,592,515
76$246,945,656$35,180,793$18,661,220$184,999,547
77$271,947,622$36,718,160$19,099,879$203,051,656
78$299,493,913$38,324,984$19,547,359$222,915,548
79$329,843,866$40,004,483$20,003,770$244,774,885
80$363,283,264$41,760,026$20,469,220$268,832,019
81$400,127,034$43,595,144$20,943,816$295,309,891
82$440,722,218$45,513,532$21,427,660$324,454,132
83$485,451,250$47,519,062$21,920,852$356,535,374
84$534,735,568$49,615,786$22,423,491$391,851,798
85$589,039,587$51,807,951$22,935,670$430,731,941
86$648,875,088$54,100,003$23,457,477$473,537,791
87$714,806,044$56,496,600$23,989,000$520,668,195
88$787,453,947$59,002,620$24,530,318$572,562,618
89$867,503,672$61,623,172$25,081,507$629,705,278
90$955,709,947$64,363,607$25,642,637$692,629,715
91$1,052,904,470$67,229,533$26,213,774$761,923,815
92$1,160,003,766$70,226,820$26,794,976$838,235,346
93$1,278,017,836$73,361,620$27,386,293$922,278,072
94$1,408,059,693$76,640,376$27,987,771$1,014,838,470
95$1,551,355,865$80,069,838$28,599,445$1,116,783,153
96$1,709,257,981$83,657,078$29,221,344$1,229,067,032
97$1,883,255,523$87,409,503$29,853,487$1,352,742,323
98$2,074,989,891$91,334,873$30,495,883$1,488,968,466
99$2,286,269,897$95,441,319$31,148,533$1,639,023,056
100$2,519,088,841$99,737,359$31,811,423$1,804,313,893