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%15.1%
1 years$677,148$671,117$665,232$659,488$653,880$640,154
2 years$335,222$328,979$322,928$317,062$311,371$297,608
3 years$221,261$214,991$208,956$203,144$197,547$184,175
4 years$164,292$158,041$152,066$146,354$140,892$128,014
5 years$130,120$123,906$118,010$112,414$107,104$94,757
6 years$107,345$101,179$95,369$89,898$84,748$72,945
7 years$91,085$84,970$79,252$73,910$68,922$57,666
8 years$78,894$72,835$67,212$62,002$57,178$46,464
9 years$69,418$63,416$57,890$52,812$48,152$37,974
10 years$61,842$55,898$50,470$45,524$41,028$31,375
11 years$55,647$49,763$44,433$39,620$35,285$26,146
12 years$50,488$44,664$39,433$34,752$30,578$21,937
13 years$46,126$40,363$35,231$30,681$26,664$18,508
14 years$42,391$36,689$31,655$27,235$23,374$15,686
15 years$39,156$33,516$28,580$24,289$20,580$13,344
16 years$36,329$30,751$25,912$21,748$18,189$11,387
17 years$33,837$28,320$23,579$19,540$16,127$9,743
18 years$31,624$26,169$21,525$17,610$14,340$8,354
19 years$29,647$24,253$19,705$15,912$12,781$7,177
20 years$27,869$22,537$18,084$14,411$11,416$6,175
21 years$26,263$20,993$16,634$13,079$10,216$5,320
22 years$24,805$19,596$15,331$11,892$9,158$4,589
23 years$23,475$18,328$14,155$10,830$8,220$3,963
24 years$22,259$17,172$13,091$9,878$7,389$3,424
25 years$21,141$16,115$12,125$9,021$6,649$2,961
26 years$20,111$15,145$11,245$8,248$5,989$2,563
27 years$19,159$14,254$10,442$7,550$5,400$2,219
28 years$18,276$13,431$9,707$6,917$4,872$1,922
29 years$17,456$12,671$9,034$6,343$4,399$1,665
30 years$16,692$11,966$8,414$5,822$3,975$1,444
31 years$15,978$11,312$7,845$5,347$3,594$1,252
32 years$15,311$10,703$7,319$4,914$3,251$1,086
33 years$14,685$10,136$6,834$4,519$2,942$942
34 years$14,097$9,607$6,385$4,157$2,664$817
35 years$13,544$9,112$5,970$3,827$2,413$709
36 years$13,023$8,649$5,585$3,525$2,186$616
37 years$12,532$8,214$5,227$3,248$1,981$534
38 years$12,067$7,806$4,895$2,993$1,796$464
39 years$11,627$7,423$4,586$2,760$1,629$403
40 years$11,211$7,062$4,298$2,546$1,477$350
41 years$10,815$6,723$4,031$2,349$1,340$304
42 years$10,440$6,403$3,781$2,168$1,216$264
43 years$10,083$6,100$3,548$2,001$1,104$229
44 years$9,743$5,815$3,330$1,848$1,002$199
45 years$9,419$5,545$3,127$1,706$910$173
46 years$9,110$5,290$2,937$1,576$826$150
47 years$8,815$5,048$2,759$1,456$750$130
48 years$8,533$4,819$2,593$1,346$681$113
49 years$8,264$4,602$2,437$1,244$619$98
50 years$8,006$4,396$2,291$1,149$562$85

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 $2,417 every year, while hoping to spend $40,522 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: 59/24/17 Blend
39$8,200,000$8,200,000$8,200,000$8,200,000
40$9,038,893$8,604,293$8,477,193$9,532,331
41$9,917,745$8,982,788$8,718,064$10,244,894
42$10,884,882$9,378,472$8,965,646$11,016,928
43$11,949,266$9,792,143$9,220,121$11,857,934
44$13,120,772$10,224,639$9,481,676$12,774,575
45$14,410,281$10,676,836$9,750,502$13,774,180
46$15,829,782$11,149,654$10,026,797$14,864,811
47$17,392,487$11,644,054$10,310,761$16,055,335
48$19,112,951$12,161,043$10,602,603$17,355,506
49$21,007,216$12,701,678$10,902,534$18,776,057
50$23,092,955$13,267,063$11,210,771$20,328,795
51$25,389,644$13,858,357$11,527,540$22,026,714
52$27,918,743$14,476,772$11,853,068$23,884,113
53$30,703,900$15,123,579$12,187,591$25,916,729
54$33,771,173$15,800,109$12,531,350$28,141,882
55$37,149,275$16,507,757$12,884,593$30,578,634
56$40,869,846$17,247,983$13,247,572$33,247,971
57$44,967,754$18,022,317$13,620,549$36,172,993
58$49,481,417$18,832,363$14,003,790$39,379,130
59$54,453,173$19,679,800$14,397,568$42,894,381
60$59,929,674$20,566,388$14,802,164$46,749,570
61$65,962,331$21,493,971$15,217,866$50,978,637
62$72,607,793$22,464,479$15,644,969$55,618,955
63$79,928,487$23,479,938$16,083,775$60,711,674
64$87,993,205$24,542,467$16,534,594$66,302,110
65$96,877,752$25,654,289$16,997,743$72,440,165
66$106,665,665$26,817,731$17,473,550$79,180,797
67$117,448,996$28,035,233$17,962,346$86,584,530
68$129,329,184$29,309,350$18,464,476$94,718,020
69$142,418,014$30,642,762$18,980,289$103,654,685
70$156,838,668$32,038,274$19,510,146$113,475,384
71$172,726,891$33,498,828$20,054,414$124,269,182
72$190,232,269$35,027,505$20,613,471$136,134,179
73$209,519,643$36,627,535$21,187,705$149,178,434
74$230,770,665$38,302,303$21,777,512$163,520,973
75$254,185,512$40,055,355$22,383,298$179,292,914
76$279,984,774$41,890,408$23,005,479$196,638,688
77$308,411,541$43,811,357$23,644,482$215,717,403
78$339,733,690$45,822,285$24,300,744$236,704,333
79$374,246,419$47,927,470$24,974,711$259,792,566
80$412,275,033$50,131,396$25,666,844$285,194,817
81$454,178,014$52,438,761$26,377,610$313,145,431
82$500,350,402$54,854,492$27,107,491$343,902,580
83$551,227,531$57,383,750$27,856,980$377,750,695
84$607,289,130$60,031,945$28,626,580$415,003,138
85$669,063,859$62,804,748$29,416,808$456,005,151
86$737,134,295$65,708,102$30,228,193$501,137,104
87$812,142,431$68,748,237$31,061,276$550,818,073
88$894,795,741$71,931,683$31,916,610$605,509,783
89$985,873,854$75,265,283$32,794,764$665,720,958
90$1,086,235,916$78,756,211$33,696,319$732,012,106
91$1,196,828,702$82,411,987$34,621,867$805,000,797
92$1,318,695,548$86,240,493$35,572,018$885,367,482
93$1,452,986,207$90,249,991$36,547,394$973,861,895
94$1,600,967,701$94,449,141$37,548,632$1,071,310,122
95$1,764,036,279$98,847,021$38,576,384$1,178,622,378
96$1,943,730,603$103,453,149$39,631,317$1,296,801,581
97$2,141,746,271$108,277,500$40,714,113$1,426,952,809
98$2,359,951,824$113,330,531$41,825,469$1,570,293,705
99$2,600,406,388$118,623,205$42,966,100$1,728,165,958
100$2,865,379,111$124,167,013$44,136,735$1,902,047,944