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%12.5%
1 years$660,633$654,748$649,007$643,403$637,931$631,269
2 years$327,046$320,955$315,052$309,328$303,777$297,068
3 years$215,865$209,748$203,859$198,190$192,728$186,181
4 years$160,285$154,187$148,357$142,785$137,456$131,120
5 years$126,946$120,884$115,131$109,672$104,492$98,386
6 years$104,727$98,711$93,043$87,706$82,681$76,813
7 years$88,863$82,897$77,319$72,108$67,241$61,614
8 years$76,970$71,058$65,573$60,489$55,783$50,396
9 years$67,725$61,869$56,478$51,524$46,978$41,828
10 years$60,333$54,535$49,239$44,414$40,027$35,112
11 years$54,289$48,549$43,349$38,653$34,425$29,741
12 years$49,256$43,575$38,471$33,904$29,832$25,373
13 years$45,001$39,379$34,371$29,932$26,014$21,776
14 years$41,357$35,794$30,883$26,571$22,804$18,781
15 years$38,201$32,699$27,883$23,696$20,078$16,264
16 years$35,443$30,001$25,280$21,217$17,745$14,133
17 years$33,012$27,629$23,004$19,064$15,734$12,318
18 years$30,853$25,531$21,000$17,180$13,990$10,762
19 years$28,924$23,662$19,224$15,524$12,470$9,424
20 years$27,189$21,988$17,643$14,060$11,138$8,267
21 years$25,622$20,481$16,228$12,760$9,967$7,264
22 years$24,200$19,118$14,957$11,602$8,934$6,391
23 years$22,903$17,881$13,810$10,566$8,020$5,631
24 years$21,716$16,753$12,772$9,637$7,208$4,966
25 years$20,625$15,722$11,829$8,801$6,487$4,383
26 years$19,620$14,776$10,971$8,047$5,843$3,872
27 years$18,691$13,906$10,188$7,366$5,268$3,423
28 years$17,830$13,103$9,471$6,749$4,753$3,028
29 years$17,030$12,362$8,813$6,189$4,292$2,680
30 years$16,285$11,674$8,209$5,680$3,878$2,374
31 years$15,589$11,036$7,653$5,216$3,506$2,103
32 years$14,937$10,442$7,141$4,794$3,172$1,864
33 years$14,327$9,889$6,667$4,408$2,870$1,652
34 years$13,753$9,373$6,229$4,056$2,599$1,465
35 years$13,214$8,890$5,824$3,734$2,354$1,300
36 years$12,706$8,438$5,448$3,439$2,133$1,153
37 years$12,226$8,014$5,100$3,168$1,933$1,023
38 years$11,773$7,616$4,775$2,920$1,752$908
39 years$11,344$7,242$4,474$2,693$1,589$806
40 years$10,937$6,890$4,194$2,484$1,441$716
41 years$10,552$6,559$3,932$2,291$1,308$636
42 years$10,185$6,246$3,689$2,115$1,187$565
43 years$9,837$5,952$3,461$1,952$1,077$502
44 years$9,505$5,673$3,249$1,803$977$446
45 years$9,189$5,410$3,051$1,665$887$396
46 years$8,888$5,161$2,865$1,538$806$352
47 years$8,600$4,925$2,692$1,421$732$312
48 years$8,325$4,702$2,530$1,313$664$278
49 years$8,062$4,490$2,378$1,213$603$247
50 years$7,811$4,289$2,235$1,121$548$219

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 $6,772 every year, while hoping to spend $31,585 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: 76/18/6 Blend
39$8,000,000$8,000,000$8,000,000$8,000,000
40$8,822,985$8,398,985$8,274,985$9,487,838
41$9,689,324$8,776,929$8,518,591$10,303,469
42$10,642,970$9,172,334$8,769,299$11,192,467
43$11,692,796$9,586,022$9,027,314$12,165,926
44$12,848,578$10,018,854$9,292,846$13,232,209
45$14,121,088$10,471,733$9,566,111$14,400,522
46$15,522,196$10,945,604$9,847,333$15,680,999
47$17,064,980$11,441,460$10,136,739$17,084,794
48$18,763,854$11,960,336$10,434,565$18,624,190
49$20,634,697$12,503,323$10,741,053$20,312,707
50$22,695,010$13,071,559$11,056,452$22,165,232
51$24,964,075$13,666,240$11,381,017$24,198,157
52$27,463,141$14,288,616$11,715,012$26,429,530
53$30,215,623$14,940,000$12,058,706$28,879,227
54$33,247,322$15,621,765$12,412,378$31,569,134
55$36,586,670$16,335,353$12,776,314$34,523,352
56$40,264,998$17,082,273$13,150,808$37,768,425
57$44,316,829$17,864,106$13,536,162$41,333,585
58$48,780,208$18,682,510$13,932,686$45,251,028
59$53,697,059$19,539,222$14,340,700$49,556,212
60$59,113,578$20,436,063$14,760,533$54,288,194
61$65,080,674$21,374,941$15,192,522$59,489,992
62$71,654,445$22,357,856$15,637,014$65,208,987
63$78,896,711$23,386,903$16,094,366$71,497,374
64$86,875,593$24,464,279$16,564,945$78,412,643
65$95,666,161$25,592,286$17,049,128$86,018,125
66$105,351,138$26,773,337$17,547,303$94,383,582
67$116,021,685$28,009,961$18,059,868$103,585,865
68$127,778,256$29,304,808$18,587,233$113,709,633
69$140,731,552$30,660,658$19,129,819$124,848,151
70$155,003,562$32,080,421$19,688,059$137,104,163
71$170,728,714$33,567,150$20,262,398$150,590,861
72$188,055,147$35,124,045$20,853,293$165,432,948
73$207,146,108$36,754,460$21,461,214$181,767,806
74$228,181,492$38,461,908$22,086,645$199,746,796
75$251,359,538$40,250,076$22,730,082$219,536,675
76$276,898,706$42,122,825$23,392,035$241,321,168
77$305,039,736$44,084,205$24,073,029$265,302,696
78$336,047,917$46,138,459$24,773,604$291,704,280
79$370,215,597$48,290,037$25,494,313$320,771,642
80$407,864,941$50,543,602$26,235,725$352,775,518
81$449,350,970$52,904,043$26,998,427$388,014,204
82$495,064,913$55,376,485$27,783,018$426,816,368
83$545,437,904$57,966,302$28,590,119$469,544,146
84$600,945,044$60,679,126$29,420,362$516,596,550
85$662,109,897$63,520,860$30,274,402$568,413,227
86$729,509,420$66,497,697$31,152,909$625,478,604
87$803,779,421$69,616,124$32,056,571$688,326,451
88$885,620,553$72,882,945$32,986,097$757,544,906
89$975,804,933$76,305,293$33,942,215$833,782,027
90$1,075,183,429$79,890,645$34,925,672$917,751,889
91$1,184,693,693$83,646,841$35,937,236$1,010,241,325
92$1,305,369,013$87,582,099$36,977,697$1,112,117,334
93$1,438,348,067$91,705,037$38,047,865$1,224,335,261
94$1,584,885,674$96,024,688$39,148,572$1,347,947,798
95$1,746,364,640$100,550,524$40,280,676$1,484,114,915
96$1,924,308,809$105,292,476$41,445,055$1,634,114,794
97$2,120,397,456$110,260,956$42,642,613$1,799,355,881
98$2,336,481,133$115,466,879$43,874,277$1,981,390,171
99$2,574,599,143$120,921,691$45,141,000$2,181,927,842
100$2,836,998,795$126,637,393$46,443,762$2,402,853,387