Can I retire at age 40 with 8,200,000?

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 $8,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$677,148$671,117$665,232$659,488$653,880$632,442
2 years$335,222$328,979$322,928$317,062$311,371$289,978
3 years$221,261$214,991$208,956$203,144$197,547$176,869
4 years$164,292$158,041$152,066$146,354$140,892$121,089
5 years$130,120$123,906$118,010$112,414$107,104$88,227
6 years$107,345$101,179$95,369$89,898$84,748$66,813
7 years$91,085$84,970$79,252$73,910$68,922$51,928
8 years$78,894$72,835$67,212$62,002$57,178$41,112
9 years$69,418$63,416$57,890$52,812$48,152$32,995
10 years$61,842$55,898$50,470$45,524$41,028$26,756
11 years$55,647$49,763$44,433$39,620$35,285$21,872
12 years$50,488$44,664$39,433$34,752$30,578$17,993
13 years$46,126$40,363$35,231$30,681$26,664$14,877
14 years$42,391$36,689$31,655$27,235$23,374$12,351
15 years$39,156$33,516$28,580$24,289$20,580$10,288
16 years$36,329$30,751$25,912$21,748$18,189$8,593
17 years$33,837$28,320$23,579$19,540$16,127$7,193
18 years$31,624$26,169$21,525$17,610$14,340$6,033
19 years$29,647$24,253$19,705$15,912$12,781$5,067
20 years$27,869$22,537$18,084$14,411$11,416$4,262
21 years$26,263$20,993$16,634$13,079$10,216$3,588
22 years$24,805$19,596$15,331$11,892$9,158$3,024
23 years$23,475$18,328$14,155$10,830$8,220$2,550
24 years$22,259$17,172$13,091$9,878$7,389$2,152
25 years$21,141$16,115$12,125$9,021$6,649$1,817
26 years$20,111$15,145$11,245$8,248$5,989$1,535
27 years$19,159$14,254$10,442$7,550$5,400$1,297
28 years$18,276$13,431$9,707$6,917$4,872$1,096
29 years$17,456$12,671$9,034$6,343$4,399$927
30 years$16,692$11,966$8,414$5,822$3,975$784
31 years$15,978$11,312$7,845$5,347$3,594$663
32 years$15,311$10,703$7,319$4,914$3,251$561
33 years$14,685$10,136$6,834$4,519$2,942$475
34 years$14,097$9,607$6,385$4,157$2,664$402
35 years$13,544$9,112$5,970$3,827$2,413$340
36 years$13,023$8,649$5,585$3,525$2,186$288
37 years$12,532$8,214$5,227$3,248$1,981$243
38 years$12,067$7,806$4,895$2,993$1,796$206
39 years$11,627$7,423$4,586$2,760$1,629$174
40 years$11,211$7,062$4,298$2,546$1,477$148
41 years$10,815$6,723$4,031$2,349$1,340$125
42 years$10,440$6,403$3,781$2,168$1,216$106
43 years$10,083$6,100$3,548$2,001$1,104$90
44 years$9,743$5,815$3,330$1,848$1,002$76
45 years$9,419$5,545$3,127$1,706$910$64
46 years$9,110$5,290$2,937$1,576$826$54
47 years$8,815$5,048$2,759$1,456$750$46
48 years$8,533$4,819$2,593$1,346$681$39
49 years$8,264$4,602$2,437$1,244$619$33
50 years$8,006$4,396$2,291$1,149$562$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $8,200,000, adding $6,503 every year, while hoping to spend $43,777 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: 60/26/14 Blend
39$8,200,000$8,200,000$8,200,000$8,200,000
40$9,043,108$8,608,508$8,481,408$9,553,835
41$9,918,926$8,983,746$8,718,957$10,273,829
42$10,882,611$9,375,904$8,962,996$11,053,400
43$11,943,079$9,785,765$9,213,697$11,902,760
44$13,110,153$10,214,147$9,471,236$12,828,652
45$14,394,658$10,661,910$9,735,792$13,838,495
46$15,808,521$11,129,952$10,007,550$14,940,446
47$17,364,886$11,619,215$10,286,698$16,143,481
48$19,078,232$12,130,684$10,573,430$17,457,470
49$20,964,517$12,665,393$10,867,945$18,893,274
50$23,041,322$13,224,421$11,170,446$20,462,844
51$25,328,022$13,808,903$11,481,141$22,179,328
52$27,845,964$14,420,023$11,800,243$24,057,197
53$30,618,673$15,059,025$12,127,972$26,112,375
54$33,672,069$15,727,209$12,464,550$28,362,388
55$37,034,716$16,425,938$12,810,209$30,826,527
56$40,738,088$17,156,640$13,165,181$33,526,028
57$44,816,867$17,920,810$13,529,710$36,484,264
58$49,309,273$18,720,014$13,904,040$39,726,968
59$54,257,417$19,555,894$14,288,424$43,282,471
60$59,707,708$20,430,167$14,683,121$47,181,964
61$65,711,285$21,344,635$15,088,395$51,459,787
62$72,324,497$22,301,184$15,504,518$56,153,756
63$79,609,443$23,301,789$15,931,766$61,305,507
64$87,634,551$24,348,521$16,370,425$66,960,892
65$96,475,226$25,443,549$16,820,785$73,170,402
66$106,214,560$26,589,145$17,283,143$79,989,641
67$116,944,121$27,787,689$17,757,804$87,479,847
68$128,764,812$29,041,676$18,245,080$95,708,462
69$141,787,822$30,353,718$18,745,291$104,749,765
70$156,135,684$31,726,553$19,258,761$114,685,567
71$171,943,420$33,163,051$19,785,827$125,605,978
72$189,359,826$34,666,218$20,326,828$137,610,249
73$208,548,867$36,239,201$20,882,116$150,807,705
74$229,691,233$37,885,303$21,452,048$165,318,769
75$252,986,036$39,607,981$22,036,990$181,276,093
76$278,652,698$41,410,858$22,637,315$198,825,799
77$306,933,015$43,297,732$23,253,407$218,128,854
78$338,093,444$45,272,582$23,885,657$239,362,583
79$372,427,613$47,339,577$24,534,465$262,722,328
80$410,259,101$49,503,087$25,200,240$288,423,289
81$451,944,482$51,767,691$25,883,401$316,702,544
82$497,876,698$54,138,187$26,584,374$347,821,277
83$548,488,768$56,619,605$27,303,598$382,067,236
84$604,257,872$59,217,215$28,041,517$419,757,433
85$665,709,856$61,936,540$28,798,590$461,241,133
86$733,424,200$64,783,369$29,575,281$506,903,132
87$808,039,483$67,763,769$30,372,068$557,167,384
88$890,259,414$70,884,097$31,189,436$612,500,987
89$980,859,476$74,151,019$32,027,883$673,418,578
90$1,080,694,242$77,571,518$32,887,916$740,487,181
91$1,190,705,447$81,152,916$33,770,055$814,331,545
92$1,311,930,878$84,902,884$34,674,827$895,640,022
93$1,445,514,168$88,829,465$35,602,774$985,171,054
94$1,592,715,593$92,941,089$36,554,446$1,083,760,317
95$1,754,923,971$97,246,589$37,530,408$1,192,328,587
96$1,933,669,772$101,755,229$38,531,232$1,311,890,422
97$2,130,639,567$106,476,713$39,557,507$1,443,563,715
98$2,347,691,948$111,421,218$40,609,829$1,588,580,230
99$2,586,875,078$116,599,408$41,688,809$1,748,297,208
100$2,850,446,021$122,022,464$42,795,070$1,924,210,162