Can I retire at age 40 with 7,700,000?

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 $7,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$635,859$630,195$624,669$619,275$614,009$599,409
2 years$314,782$308,919$303,237$297,729$292,385$277,761
3 years$207,770$201,882$196,215$190,758$185,501$171,310
4 years$154,274$148,405$142,794$137,430$132,301$118,653
5 years$122,186$116,351$110,814$105,559$100,573$87,505
6 years$100,800$95,009$89,554$84,417$79,580$67,106
7 years$85,531$79,789$74,420$69,404$64,720$52,841
8 years$74,084$68,394$63,114$58,221$53,691$42,403
9 years$65,185$59,549$54,360$49,591$45,216$34,510
10 years$58,071$52,490$47,392$42,748$38,526$28,390
11 years$52,254$46,728$41,723$37,204$33,134$23,553
12 years$47,409$41,941$37,029$32,633$28,713$19,672
13 years$43,314$37,902$33,083$28,810$25,038$16,519
14 years$39,806$34,452$29,725$25,574$21,948$13,934
15 years$36,769$31,473$26,838$22,808$19,325$11,796
16 years$34,114$28,876$24,332$20,422$17,080$10,016
17 years$31,774$26,593$22,141$18,349$15,144$8,527
18 years$29,696$24,573$20,212$16,536$13,465$7,274
19 years$27,839$22,774$18,503$14,942$12,002$6,216
20 years$26,170$21,163$16,981$13,533$10,720$5,320
21 years$24,662$19,713$15,620$12,282$9,594$4,560
22 years$23,292$18,401$14,396$11,167$8,599$3,912
23 years$22,044$17,210$13,292$10,170$7,719$3,359
24 years$20,901$16,125$12,293$9,275$6,938$2,887
25 years$19,852$15,132$11,386$8,471$6,243$2,483
26 years$18,885$14,222$10,560$7,745$5,624$2,136
27 years$17,990$13,384$9,806$7,090$5,070$1,839
28 years$17,162$12,612$9,116$6,496$4,575$1,584
29 years$16,391$11,898$8,483$5,957$4,131$1,365
30 years$15,674$11,236$7,901$5,467$3,733$1,176
31 years$15,004$10,622$7,366$5,021$3,375$1,014
32 years$14,377$10,051$6,873$4,614$3,053$874
33 years$13,790$9,518$6,417$4,243$2,763$754
34 years$13,238$9,021$5,996$3,904$2,501$651
35 years$12,719$8,556$5,606$3,594$2,266$561
36 years$12,229$8,121$5,244$3,310$2,053$484
37 years$11,768$7,713$4,908$3,050$1,860$418
38 years$11,331$7,330$4,596$2,811$1,687$361
39 years$10,918$6,970$4,306$2,592$1,529$311
40 years$10,527$6,632$4,036$2,391$1,387$269
41 years$10,156$6,313$3,785$2,206$1,259$232
42 years$9,803$6,012$3,550$2,035$1,142$200
43 years$9,468$5,728$3,331$1,879$1,036$173
44 years$9,149$5,460$3,127$1,735$941$149
45 years$8,845$5,207$2,936$1,602$854$129
46 years$8,554$4,967$2,758$1,480$775$111
47 years$8,278$4,740$2,591$1,367$704$96
48 years$8,013$4,525$2,435$1,263$639$83
49 years$7,760$4,321$2,289$1,168$581$72
50 years$7,518$4,128$2,152$1,079$528$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $7,700,000, adding $6,460 every year, while hoping to spend $58,029 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: 40/32/28 Blend
39$7,700,000$7,700,000$7,700,000$7,700,000
40$8,492,063$8,083,963$7,964,613$8,761,287
41$9,296,512$8,418,335$8,169,686$9,291,979
42$10,181,068$8,767,146$8,379,683$9,859,878
43$11,153,844$9,131,043$8,594,709$10,473,186
44$12,223,773$9,510,701$8,814,869$11,136,101
45$13,400,701$9,906,829$9,040,269$11,853,230
46$14,695,473$10,320,164$9,271,019$12,629,633
47$16,120,041$10,751,482$9,507,228$13,470,871
48$17,687,573$11,201,592$9,749,008$14,383,052
49$19,412,576$11,671,340$9,996,470$15,372,889
50$21,311,037$12,161,614$10,249,730$16,447,758
51$23,400,569$12,673,340$10,508,903$17,615,769
52$25,700,582$13,207,489$10,774,106$18,885,837
53$28,232,461$13,765,075$11,045,458$20,267,764
54$31,019,770$14,347,161$11,323,078$21,772,328
55$34,088,473$14,954,859$11,607,088$23,411,383
56$37,467,182$15,589,332$11,897,610$25,197,966
57$41,187,422$16,251,797$12,194,768$27,146,420
58$45,283,932$16,943,528$12,498,686$29,272,520
59$49,794,991$17,665,858$12,809,490$31,593,624
60$54,762,779$18,420,184$13,127,306$34,128,831
61$60,233,776$19,207,967$13,452,264$36,899,156
62$66,259,197$20,030,734$13,784,492$39,927,726
63$72,895,482$20,890,086$14,124,119$43,239,995
64$80,204,819$21,787,698$14,471,275$46,863,975
65$88,255,740$22,725,325$14,826,092$50,830,502
66$97,123,761$23,704,801$15,188,701$55,173,518
67$106,892,097$24,728,049$15,559,235$59,930,387
68$117,652,447$25,797,079$15,937,826$65,142,245
69$129,505,860$26,913,999$16,324,606$70,854,379
70$142,563,686$28,081,013$16,719,708$77,116,652
71$156,948,629$29,300,430$17,123,266$83,983,965
72$172,795,905$30,574,667$17,535,411$91,516,772
73$190,254,516$31,906,255$17,956,277$99,781,640
74$209,488,659$33,297,844$18,385,994$108,851,876
75$230,679,272$34,752,208$18,824,695$118,808,207
76$254,025,745$36,272,254$19,272,509$129,739,537
77$279,747,800$37,861,023$19,729,567$141,743,780
78$308,087,564$39,521,701$20,195,996$154,928,771
79$339,311,857$41,257,626$20,671,923$169,413,282
80$373,714,708$43,072,291$21,157,474$185,328,130
81$411,620,130$44,969,355$21,652,772$202,817,405
82$453,385,181$46,952,651$22,157,937$222,039,820
83$499,403,331$49,026,193$22,673,089$243,170,198
84$550,108,177$51,194,182$23,198,344$266,401,115
85$605,977,537$53,461,023$23,733,815$291,944,702
86$667,537,959$55,831,327$24,279,611$320,034,644
87$735,369,692$58,309,923$24,835,838$350,928,365
88$810,112,161$60,901,870$25,402,600$384,909,453
89$892,470,008$63,612,467$25,979,993$422,290,322
90$983,219,736$66,447,266$26,568,110$463,415,144
91$1,083,217,047$69,412,080$27,167,040$508,663,091
92$1,193,404,914$72,513,000$27,776,864$558,451,895
93$1,314,822,485$75,756,407$28,397,659$613,241,776
94$1,448,614,892$79,148,984$29,029,494$673,539,772
95$1,596,044,060$82,697,734$29,672,431$739,904,510
96$1,758,500,623$86,409,991$30,326,526$812,951,459
97$1,937,517,047$90,293,442$30,991,826$893,358,725
98$2,134,782,102$94,356,136$31,668,367$981,873,431
99$2,352,156,799$98,606,509$32,356,180$1,079,318,752
100$2,591,691,963$103,053,399$33,055,283$1,186,601,665