Can I retire at age 40 with 8,000,000?

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 $8,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$660,633$654,748$649,007$643,403$637,931$622,005
2 years$327,046$320,955$315,052$309,328$303,777$287,832
3 years$215,865$209,748$203,859$198,190$192,728$177,264
4 years$160,285$154,187$148,357$142,785$137,456$122,590
5 years$126,946$120,884$115,131$109,672$104,492$90,267
6 years$104,727$98,711$93,043$87,706$82,681$69,110
7 years$88,863$82,897$77,319$72,108$67,241$54,327
8 years$76,970$71,058$65,573$60,489$55,783$43,520
9 years$67,725$61,869$56,478$51,524$46,978$35,354
10 years$60,333$54,535$49,239$44,414$40,027$29,030
11 years$54,289$48,549$43,349$38,653$34,425$24,038
12 years$49,256$43,575$38,471$33,904$29,832$20,038
13 years$45,001$39,379$34,371$29,932$26,014$16,793
14 years$41,357$35,794$30,883$26,571$22,804$14,136
15 years$38,201$32,699$27,883$23,696$20,078$11,942
16 years$35,443$30,001$25,280$21,217$17,745$10,118
17 years$33,012$27,629$23,004$19,064$15,734$8,595
18 years$30,853$25,531$21,000$17,180$13,990$7,316
19 years$28,924$23,662$19,224$15,524$12,470$6,238
20 years$27,189$21,988$17,643$14,060$11,138$5,327
21 years$25,622$20,481$16,228$12,760$9,967$4,555
22 years$24,200$19,118$14,957$11,602$8,934$3,898
23 years$22,903$17,881$13,810$10,566$8,020$3,340
24 years$21,716$16,753$12,772$9,637$7,208$2,863
25 years$20,625$15,722$11,829$8,801$6,487$2,457
26 years$19,620$14,776$10,971$8,047$5,843$2,109
27 years$18,691$13,906$10,188$7,366$5,268$1,811
28 years$17,830$13,103$9,471$6,749$4,753$1,556
29 years$17,030$12,362$8,813$6,189$4,292$1,337
30 years$16,285$11,674$8,209$5,680$3,878$1,150
31 years$15,589$11,036$7,653$5,216$3,506$989
32 years$14,937$10,442$7,141$4,794$3,172$850
33 years$14,327$9,889$6,667$4,408$2,870$732
34 years$13,753$9,373$6,229$4,056$2,599$630
35 years$13,214$8,890$5,824$3,734$2,354$542
36 years$12,706$8,438$5,448$3,439$2,133$466
37 years$12,226$8,014$5,100$3,168$1,933$401
38 years$11,773$7,616$4,775$2,920$1,752$346
39 years$11,344$7,242$4,474$2,693$1,589$297
40 years$10,937$6,890$4,194$2,484$1,441$256
41 years$10,552$6,559$3,932$2,291$1,308$221
42 years$10,185$6,246$3,689$2,115$1,187$190
43 years$9,837$5,952$3,461$1,952$1,077$164
44 years$9,505$5,673$3,249$1,803$977$141
45 years$9,189$5,410$3,051$1,665$887$121
46 years$8,888$5,161$2,865$1,538$806$104
47 years$8,600$4,925$2,692$1,421$732$90
48 years$8,325$4,702$2,530$1,313$664$77
49 years$8,062$4,490$2,378$1,213$603$67
50 years$7,811$4,289$2,235$1,121$548$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $8,000,000, adding $2,966 every year, while hoping to spend $24,706 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: 41/31/28 Blend
39$8,000,000$8,000,000$8,000,000$8,000,000
40$8,819,059$8,395,059$8,271,059$9,107,893
41$9,692,316$8,780,130$8,521,853$9,702,192
42$10,653,818$9,183,242$8,780,220$10,342,527
43$11,712,538$9,605,251$9,046,388$11,035,191
44$12,878,367$10,047,059$9,320,592$11,785,015
45$14,162,201$10,509,605$9,603,073$12,597,297
46$15,576,049$10,993,880$9,894,079$13,477,857
47$17,133,143$11,500,917$10,193,868$14,433,083
48$18,848,063$12,031,801$10,502,702$15,469,993
49$20,736,876$12,587,669$10,820,853$16,596,294
50$22,817,286$13,169,715$11,148,600$17,820,455
51$25,108,804$13,779,185$11,486,233$19,151,779
52$27,632,928$14,417,391$11,834,048$20,600,492
53$30,413,347$15,085,704$12,192,349$22,177,832
54$33,476,168$15,785,563$12,561,452$23,896,154
55$36,850,157$16,518,475$12,941,681$25,769,039
56$40,567,015$17,286,022$13,333,369$27,811,420
57$44,661,674$18,089,861$13,736,860$30,039,719
58$49,172,628$18,931,727$14,152,508$32,471,995
59$54,142,297$19,813,442$14,580,678$35,128,112
60$59,617,424$20,736,914$15,021,744$38,029,920
61$65,649,522$21,704,144$15,476,093$41,201,455
62$72,295,354$22,717,228$15,944,123$44,669,160
63$79,617,473$23,778,365$16,426,244$48,462,132
64$87,684,810$24,889,859$16,922,878$52,612,388
65$96,573,325$26,054,127$17,434,459$57,155,159
66$106,366,726$27,273,701$17,961,435$62,129,218
67$117,157,256$28,551,236$18,504,266$67,577,241
68$129,046,565$29,889,515$19,063,428$73,546,197
69$142,146,671$31,291,458$19,639,409$80,087,789
70$156,581,014$32,760,122$20,232,712$87,258,930
71$172,485,624$34,298,715$20,843,855$95,122,274
72$190,010,406$35,910,600$21,473,372$103,746,798
73$209,320,549$37,599,301$22,121,812$113,208,446
74$230,598,093$39,368,515$22,789,741$123,590,830
75$254,043,643$41,222,116$23,477,741$134,986,017
76$279,878,261$43,164,167$24,186,412$147,495,383
77$308,345,559$45,198,926$24,916,372$161,230,559
78$339,713,992$47,330,860$25,668,257$176,314,477
79$374,279,397$49,564,650$26,442,721$192,882,511
80$412,367,782$51,905,204$27,240,439$211,083,753
81$454,338,408$54,357,670$28,062,105$231,082,396
82$500,587,173$56,927,445$28,908,434$253,059,279
83$551,550,360$59,620,184$29,780,161$277,213,575
84$607,708,746$62,441,822$30,678,046$303,764,657
85$669,592,144$65,398,578$31,602,867$332,954,155
86$737,784,409$68,496,974$32,555,428$365,048,219
87$812,928,941$71,743,848$33,536,558$400,340,013
88$895,734,766$75,146,371$34,547,106$439,152,469
89$986,983,229$78,712,059$35,587,951$481,841,312
90$1,087,535,366$82,448,798$36,659,994$528,798,400
91$1,198,340,036$86,364,851$37,764,167$580,455,404
92$1,320,442,878$90,468,887$38,901,425$637,287,860
93$1,454,996,183$94,769,994$40,072,754$699,819,638
94$1,603,269,772$99,277,702$41,279,169$768,627,861
95$1,766,662,981$104,002,002$42,521,714$844,348,328
96$1,946,717,879$108,953,374$43,801,465$927,681,496
97$2,145,133,817$114,142,803$45,119,528$1,019,399,059
98$2,363,783,478$119,581,813$46,477,045$1,120,351,211
99$2,604,730,554$125,282,483$47,875,187$1,231,474,636
100$2,870,249,228$131,257,482$49,315,163$1,353,801,326