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%14.1%
1 years$677,148$671,117$665,232$659,488$653,880$642,783
2 years$335,222$328,979$322,928$317,062$311,371$300,225
3 years$221,261$214,991$208,956$203,144$197,547$186,699
4 years$164,292$158,041$152,066$146,354$140,892$130,426
5 years$130,120$123,906$118,010$112,414$107,104$97,050
6 years$107,345$101,179$95,369$89,898$84,748$75,117
7 years$91,085$84,970$79,252$73,910$68,922$59,718
8 years$78,894$72,835$67,212$62,002$57,178$48,397
9 years$69,418$63,416$57,890$52,812$48,152$39,791
10 years$61,842$55,898$50,470$45,524$41,028$33,079
11 years$55,647$49,763$44,433$39,620$35,285$27,740
12 years$50,488$44,664$39,433$34,752$30,578$23,426
13 years$46,126$40,363$35,231$30,681$26,664$19,896
14 years$42,391$36,689$31,655$27,235$23,374$16,977
15 years$39,156$33,516$28,580$24,289$20,580$14,542
16 years$36,329$30,751$25,912$21,748$18,189$12,497
17 years$33,837$28,320$23,579$19,540$16,127$10,769
18 years$31,624$26,169$21,525$17,610$14,340$9,302
19 years$29,647$24,253$19,705$15,912$12,781$8,050
20 years$27,869$22,537$18,084$14,411$11,416$6,979
21 years$26,263$20,993$16,634$13,079$10,216$6,059
22 years$24,805$19,596$15,331$11,892$9,158$5,267
23 years$23,475$18,328$14,155$10,830$8,220$4,583
24 years$22,259$17,172$13,091$9,878$7,389$3,992
25 years$21,141$16,115$12,125$9,021$6,649$3,479
26 years$20,111$15,145$11,245$8,248$5,989$3,035
27 years$19,159$14,254$10,442$7,550$5,400$2,649
28 years$18,276$13,431$9,707$6,917$4,872$2,313
29 years$17,456$12,671$9,034$6,343$4,399$2,021
30 years$16,692$11,966$8,414$5,822$3,975$1,766
31 years$15,978$11,312$7,845$5,347$3,594$1,544
32 years$15,311$10,703$7,319$4,914$3,251$1,351
33 years$14,685$10,136$6,834$4,519$2,942$1,182
34 years$14,097$9,607$6,385$4,157$2,664$1,034
35 years$13,544$9,112$5,970$3,827$2,413$905
36 years$13,023$8,649$5,585$3,525$2,186$792
37 years$12,532$8,214$5,227$3,248$1,981$693
38 years$12,067$7,806$4,895$2,993$1,796$607
39 years$11,627$7,423$4,586$2,760$1,629$532
40 years$11,211$7,062$4,298$2,546$1,477$466
41 years$10,815$6,723$4,031$2,349$1,340$408
42 years$10,440$6,403$3,781$2,168$1,216$357
43 years$10,083$6,100$3,548$2,001$1,104$313
44 years$9,743$5,815$3,330$1,848$1,002$274
45 years$9,419$5,545$3,127$1,706$910$240
46 years$9,110$5,290$2,937$1,576$826$210
47 years$8,815$5,048$2,759$1,456$750$184
48 years$8,533$4,819$2,593$1,346$681$162
49 years$8,264$4,602$2,437$1,244$619$142
50 years$8,006$4,396$2,291$1,149$562$124

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 $3,174 every year, while hoping to spend $37,110 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: 78/14/8 Blend
39$8,200,000$8,200,000$8,200,000$8,200,000
40$9,039,674$8,605,074$8,477,974$9,734,551
41$9,922,236$8,987,238$8,722,501$10,573,317
42$10,893,576$9,386,884$8,973,977$11,487,837
43$11,962,709$9,804,830$9,232,593$12,489,697
44$13,139,570$10,241,932$9,498,550$13,587,580
45$14,435,106$10,699,086$9,772,052$14,791,044
46$15,861,379$11,177,234$10,053,308$16,110,612
47$17,431,680$11,677,358$10,342,533$17,557,870
48$19,160,653$12,200,490$10,639,950$19,145,577
49$21,064,435$12,747,710$10,945,784$20,887,781
50$23,160,810$13,320,150$11,260,270$22,799,953
51$25,469,371$13,918,995$11,583,647$24,899,129
52$28,011,708$14,545,488$11,916,161$27,204,071
53$30,811,615$15,200,929$12,258,065$29,735,441
54$33,895,308$15,886,683$12,609,618$32,515,997
55$37,291,675$16,604,177$12,971,087$35,570,802
56$41,032,553$17,354,908$13,342,745$38,927,463
57$45,153,019$18,140,444$13,724,873$42,616,386
58$49,691,730$18,962,429$14,117,759$46,671,063
59$54,691,282$19,822,584$14,521,700$51,128,386
60$60,198,615$20,722,713$14,936,999$56,028,992
61$66,265,454$21,664,706$15,363,968$61,417,647
62$72,948,798$22,650,544$15,802,928$67,343,661
63$80,311,457$23,682,302$16,254,208$73,861,357
64$88,422,647$24,762,156$16,718,145$81,030,576
65$97,358,639$25,892,384$17,195,086$88,917,243
66$107,203,485$27,075,376$17,685,386$97,593,984
67$118,049,805$28,313,633$18,189,410$107,140,810
68$129,999,663$29,609,779$18,707,534$117,645,869
69$143,165,533$30,966,563$19,240,141$129,206,274
70$157,671,358$32,386,865$19,787,626$141,929,017
71$173,653,720$33,873,705$20,350,395$155,931,975
72$191,263,129$35,430,246$20,928,863$171,345,021
73$210,665,445$37,059,805$21,523,456$188,311,243
74$232,043,442$38,765,857$22,134,613$206,988,294
75$255,598,533$40,552,044$22,762,783$227,549,873
76$281,552,673$42,422,184$23,408,426$250,187,363
77$310,150,452$44,380,278$24,072,015$275,111,629
78$341,661,407$46,430,520$24,754,036$302,555,012
79$376,382,560$48,577,305$25,454,986$332,773,507
80$414,641,230$50,825,241$26,175,377$366,049,183
81$456,798,115$53,179,158$26,915,731$402,692,835
82$503,250,701$55,644,115$27,676,587$443,046,915
83$554,437,016$58,225,420$28,458,496$487,488,757
84$610,839,759$60,928,633$29,262,023$536,434,136
85$672,990,862$63,759,583$30,087,748$590,341,183
86$741,476,509$66,724,382$30,936,267$649,714,705
87$816,942,670$69,829,434$31,808,189$715,110,945
88$900,101,200$73,081,454$32,704,141$787,142,822
89$991,736,557$76,487,480$33,624,764$866,485,711
90$1,092,713,209$80,054,889$34,570,717$953,883,814
91$1,203,983,794$83,791,417$35,542,674$1,050,157,173
92$1,326,598,115$87,705,170$36,541,327$1,156,209,403
93$1,461,713,048$91,804,649$37,567,387$1,273,036,218
94$1,610,603,464$96,098,762$38,621,580$1,401,734,814
95$1,774,674,267$100,596,851$39,704,653$1,543,514,225
96$1,955,473,654$105,308,708$40,817,370$1,699,706,720
97$2,154,707,730$110,244,598$41,960,515$1,871,780,373
98$2,374,256,618$115,415,284$43,134,892$2,061,352,909
99$2,616,192,207$120,832,047$44,341,325$2,270,206,967
100$2,882,797,711$126,506,715$45,580,658$2,500,306,913