Can I retire at age 40 with 8,300,000?

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 $8,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$685,406$679,301$673,344$667,531$661,854$651,963
2 years$339,310$332,991$326,866$320,928$315,168$305,226
3 years$223,960$217,613$211,504$205,622$199,956$190,271
4 years$166,296$159,969$153,921$148,139$142,610$133,258
5 years$131,707$125,417$119,449$113,785$108,410$99,417
6 years$108,655$102,413$96,532$90,995$85,781$77,158
7 years$92,195$86,006$80,219$74,812$69,763$61,512
8 years$79,857$73,723$68,032$62,758$57,875$49,996
9 years$70,265$64,189$58,596$53,456$48,739$41,227
10 years$62,596$56,580$51,085$46,079$41,528$34,378
11 years$56,325$50,370$44,975$40,103$35,716$28,920
12 years$51,104$45,209$39,914$35,176$30,950$24,501
13 years$46,689$40,856$35,660$31,055$26,989$20,877
14 years$42,908$37,137$32,041$27,567$23,659$17,874
15 years$39,634$33,925$28,929$24,585$20,831$15,363
16 years$36,772$31,126$26,228$22,013$18,411$13,249
17 years$34,250$28,665$23,867$19,779$16,324$11,458
18 years$32,010$26,488$21,787$17,824$14,515$9,933
19 years$30,008$24,549$19,945$16,106$12,937$8,628
20 years$28,209$22,812$18,305$14,587$11,556$7,507
21 years$26,583$21,249$16,837$13,239$10,341$6,542
22 years$25,107$19,835$15,518$12,037$9,269$5,709
23 years$23,762$18,551$14,328$10,962$8,321$4,987
24 years$22,530$17,381$13,251$9,998$7,479$4,360
25 years$21,399$16,311$12,273$9,131$6,730$3,816
26 years$20,356$15,330$11,382$8,349$6,062$3,342
27 years$19,392$14,427$10,570$7,642$5,465$2,929
28 years$18,499$13,595$9,826$7,002$4,931$2,568
29 years$17,669$12,825$9,144$6,421$4,453$2,253
30 years$16,895$12,112$8,517$5,893$4,024$1,977
31 years$16,173$11,450$7,940$5,412$3,638$1,736
32 years$15,497$10,834$7,408$4,974$3,291$1,524
33 years$14,864$10,260$6,917$4,574$2,978$1,339
34 years$14,269$9,724$6,463$4,208$2,696$1,177
35 years$13,710$9,223$6,042$3,874$2,442$1,034
36 years$13,182$8,754$5,653$3,568$2,213$909
37 years$12,685$8,314$5,291$3,287$2,005$799
38 years$12,214$7,902$4,955$3,030$1,818$703
39 years$11,769$7,514$4,642$2,794$1,649$618
40 years$11,347$7,149$4,351$2,577$1,495$544
41 years$10,947$6,805$4,080$2,377$1,357$478
42 years$10,567$6,481$3,827$2,194$1,231$421
43 years$10,206$6,175$3,591$2,025$1,117$370
44 years$9,862$5,886$3,371$1,870$1,014$326
45 years$9,534$5,613$3,165$1,727$921$287
46 years$9,221$5,354$2,973$1,595$836$252
47 years$8,923$5,110$2,793$1,474$759$222
48 years$8,637$4,878$2,624$1,362$689$195
49 years$8,365$4,658$2,467$1,259$626$172
50 years$8,104$4,450$2,319$1,163$569$151

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $8,300,000, adding $3,543 every year, while hoping to spend $34,011 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: 66/19/15 Blend
39$8,300,000$8,300,000$8,300,000$8,300,000
40$9,150,255$8,710,355$8,581,705$9,721,304
41$10,047,393$9,100,975$8,833,004$10,493,877
42$11,034,900$9,509,595$9,091,583$11,333,731
43$12,121,957$9,937,062$9,357,647$12,250,911
44$13,318,680$10,384,262$9,631,413$13,252,982
45$14,636,218$10,852,124$9,913,098$14,348,274
46$16,086,855$11,341,620$10,202,929$15,545,949
47$17,684,126$11,853,771$10,501,139$16,856,092
48$19,442,945$12,389,644$10,807,965$18,289,799
49$21,379,747$12,950,359$11,123,654$19,859,285
50$23,512,643$13,537,087$11,448,457$21,577,996
51$25,861,586$14,151,059$11,782,635$23,460,729
52$28,448,568$14,793,561$12,126,453$25,523,777
53$31,297,818$15,465,942$12,480,186$27,785,074
54$34,436,038$16,169,615$12,844,115$30,264,367
55$37,892,651$16,906,063$13,218,529$32,983,394
56$41,700,078$17,676,837$13,603,727$35,966,094
57$45,894,048$18,483,564$14,000,013$39,238,824
58$50,513,931$19,327,948$14,407,703$42,830,606
59$55,603,110$20,211,776$14,827,120$46,773,401
60$61,209,393$21,136,919$15,258,594$51,102,405
61$67,385,462$22,105,339$15,702,468$55,856,379
62$74,189,371$23,119,092$16,159,093$61,078,011
63$81,685,092$24,180,333$16,628,828$66,814,314
64$89,943,122$25,291,320$17,112,043$73,117,069
65$99,041,144$26,454,418$17,609,121$80,043,309
66$109,064,765$27,672,109$18,120,450$87,655,852
67$120,108,320$28,946,991$18,646,434$96,023,890
68$132,275,765$30,281,790$19,187,486$105,223,639
69$145,681,655$31,679,360$19,744,029$115,339,054
70$160,452,230$33,142,694$20,316,500$126,462,615
71$176,726,601$34,674,930$20,905,347$138,696,196
72$194,658,068$36,279,356$21,511,030$152,152,020
73$214,415,563$37,959,416$22,134,021$166,953,717
74$236,185,248$39,718,725$22,774,808$183,237,481
75$260,172,268$41,561,067$23,433,889$201,153,351
76$286,602,692$43,490,412$24,111,777$220,866,621
77$315,725,644$45,510,920$24,808,999$242,559,397
78$347,815,656$47,626,951$25,526,097$266,432,303
79$383,175,258$49,843,077$26,263,626$292,706,373
80$422,137,835$52,164,088$27,022,158$321,625,129
81$465,070,774$54,595,008$27,802,280$353,456,872
82$512,378,932$57,141,102$28,604,595$388,497,204
83$564,508,456$59,807,890$29,429,723$427,071,814
84$621,950,998$62,601,156$30,278,298$469,539,542
85$685,248,354$65,526,967$31,150,975$516,295,758
86$754,997,578$68,591,680$32,048,425$567,776,084
87$831,856,621$71,801,962$32,971,337$624,460,495
88$916,550,539$75,164,801$33,920,419$686,877,841
89$1,009,878,339$78,687,522$34,896,399$755,610,832
90$1,112,720,524$82,377,805$35,900,023$831,301,519
91$1,226,047,402$86,243,701$36,932,057$914,657,352
92$1,350,928,247$90,293,652$37,993,291$1,006,457,841
93$1,488,541,394$94,536,507$39,084,532$1,107,561,901
94$1,640,185,364$98,981,544$40,206,612$1,218,915,950
95$1,807,291,120$103,638,489$41,360,383$1,341,562,830
96$1,991,435,579$108,517,540$42,546,720$1,476,651,630
97$2,194,356,498$113,629,388$43,766,525$1,625,448,528
98$2,417,968,876$118,985,244$45,020,719$1,789,348,718
99$2,664,383,039$124,596,859$46,310,251$1,969,889,573
100$2,935,924,559$130,476,555$47,636,094$2,168,765,135