Can I retire at age 40 with 8,400,000?

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 $8,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$693,664$687,485$681,457$675,573$669,828$660,090
2 years$343,398$337,003$330,804$324,795$318,966$309,176
3 years$226,658$220,235$214,052$208,099$202,365$192,827
4 years$168,299$161,896$155,775$149,924$144,328$135,116
5 years$133,293$126,928$120,888$115,156$109,716$100,856
6 years$109,964$103,647$97,695$92,091$86,815$78,317
7 years$93,306$87,042$81,185$75,713$70,604$62,471
8 years$80,819$74,611$68,852$63,514$58,572$50,805
9 years$71,111$64,963$59,302$54,100$49,326$41,919
10 years$63,350$57,261$51,701$46,634$42,029$34,976
11 years$57,004$50,976$45,517$40,586$36,146$29,442
12 years$51,719$45,754$40,395$35,599$31,323$24,959
13 years$47,251$41,348$36,090$31,429$27,315$21,281
14 years$43,425$37,584$32,427$27,899$23,944$18,232
15 years$40,111$34,334$29,277$24,881$21,082$15,682
16 years$37,215$31,501$26,544$22,278$18,632$13,533
17 years$34,662$29,011$24,154$20,017$16,521$11,712
18 years$32,396$26,807$22,050$18,039$14,689$10,160
19 years$30,370$24,845$20,185$16,300$13,093$8,832
20 years$28,549$23,087$18,525$14,763$11,695$7,691
21 years$26,904$21,505$17,040$13,398$10,466$6,707
22 years$25,410$20,074$15,705$12,182$9,381$5,857
23 years$24,048$18,775$14,500$11,094$8,421$5,120
24 years$22,802$17,591$13,410$10,119$7,569$4,481
25 years$21,656$16,508$12,421$9,241$6,811$3,924
26 years$20,601$15,515$11,520$8,449$6,135$3,439
27 years$19,626$14,601$10,697$7,734$5,531$3,017
28 years$18,722$13,759$9,944$7,086$4,991$2,647
29 years$17,882$12,980$9,254$6,498$4,507$2,324
30 years$17,099$12,258$8,620$5,964$4,072$2,041
31 years$16,368$11,588$8,036$5,477$3,682$1,794
32 years$15,684$10,964$7,498$5,034$3,330$1,576
33 years$15,043$10,383$7,001$4,629$3,014$1,386
34 years$14,441$9,841$6,541$4,259$2,729$1,219
35 years$13,875$9,334$6,115$3,921$2,471$1,072
36 years$13,341$8,860$5,721$3,611$2,239$943
37 years$12,837$8,415$5,354$3,327$2,030$830
38 years$12,361$7,997$5,014$3,066$1,840$731
39 years$11,911$7,604$4,698$2,827$1,669$643
40 years$11,484$7,235$4,403$2,608$1,513$566
41 years$11,079$6,887$4,129$2,406$1,373$498
42 years$10,694$6,559$3,873$2,221$1,246$439
43 years$10,329$6,249$3,634$2,050$1,131$386
44 years$9,980$5,957$3,411$1,893$1,026$340
45 years$9,649$5,680$3,203$1,748$932$300
46 years$9,332$5,419$3,009$1,615$846$264
47 years$9,030$5,171$2,826$1,492$768$232
48 years$8,741$4,937$2,656$1,378$698$205
49 years$8,465$4,714$2,497$1,274$634$180
50 years$8,201$4,503$2,347$1,177$575$159

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $8,400,000, adding $6,734 every year, while hoping to spend $24,122 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: 40/50/10 Blend
39$8,400,000$8,400,000$8,400,000$8,400,000
40$9,263,746$8,818,546$8,688,346$9,606,250
41$10,182,983$9,224,989$8,953,740$10,254,297
42$11,195,173$9,650,540$9,227,216$10,951,990
43$12,309,772$10,096,108$9,509,020$11,706,188
44$13,537,201$10,562,649$9,799,404$12,522,010
45$14,888,940$11,051,163$10,098,628$13,405,068
46$16,377,641$11,562,700$10,406,962$14,361,517
47$18,017,245$12,098,357$10,724,680$15,398,108
48$19,823,116$12,659,288$11,052,068$16,522,246
49$21,812,181$13,246,700$11,389,419$17,742,058
50$24,003,094$13,861,859$11,737,036$19,066,461
51$26,416,411$14,506,092$12,095,228$20,505,244
52$29,074,785$15,180,790$12,464,318$22,069,155
53$32,003,175$15,887,411$12,844,635$23,769,996
54$35,229,088$16,627,483$13,236,519$25,620,728
55$38,782,834$17,402,609$13,640,322$27,635,589
56$42,697,815$18,214,469$14,056,404$29,830,221
57$47,010,836$19,064,822$14,485,138$32,221,808
58$51,762,457$19,955,514$14,926,906$34,829,239
59$56,997,374$20,888,480$15,382,104$37,673,270
60$62,764,840$21,865,749$15,851,138$40,776,718
61$69,119,130$22,889,447$16,334,427$44,164,667
62$76,120,054$23,961,803$16,832,403$47,864,694
63$83,833,521$25,085,153$17,345,511$51,907,123
64$92,332,163$26,261,948$17,874,208$56,325,304
65$101,696,016$27,494,757$18,418,966$61,155,913
66$112,013,281$28,786,270$18,980,273$66,439,290
67$123,381,151$30,139,313$19,558,627$72,219,811
68$135,906,733$31,556,844$20,154,546$78,546,295
69$149,708,056$33,041,966$20,768,560$85,472,452
70$164,915,188$34,597,933$21,401,217$93,057,377
71$181,671,460$36,228,154$22,053,080$101,366,100
72$200,134,822$37,936,207$22,724,731$110,470,179
73$220,479,332$39,725,839$23,416,768$120,448,369
74$242,896,801$41,600,982$24,129,807$131,387,344
75$267,598,602$43,565,758$24,864,483$143,382,506
76$294,817,667$45,624,487$25,621,450$156,538,865
77$324,810,682$47,781,700$26,401,382$170,972,014
78$357,860,515$50,042,147$27,204,972$186,809,206
79$394,278,884$52,410,809$28,032,935$204,190,531
80$434,409,300$54,892,908$28,886,008$223,270,225
81$478,630,308$57,493,920$29,764,949$244,218,101
82$527,359,064$60,219,587$30,670,539$267,221,133
83$581,055,270$63,075,928$31,603,583$292,485,199
84$640,225,514$66,069,255$32,564,910$320,237,000
85$705,428,055$69,206,187$33,555,373$350,726,176
86$777,278,091$72,493,665$34,575,853$384,227,638
87$856,453,567$75,938,964$35,627,254$421,044,134
88$943,701,574$79,549,717$36,710,510$461,509,080
89$1,039,845,404$83,333,923$37,826,582$505,989,681
90$1,145,792,323$87,299,973$38,976,460$554,890,362
91$1,262,542,132$91,456,663$40,161,164$608,656,555
92$1,391,196,610$95,813,220$41,381,743$667,778,872
93$1,532,969,913$100,379,317$42,639,280$732,797,698
94$1,689,200,037$105,165,096$43,934,889$804,308,257
95$1,861,361,450$110,181,196$45,269,717$882,966,194
96$2,051,079,012$115,438,769$46,644,947$969,493,719
97$2,260,143,315$120,949,511$48,061,796$1,064,686,385
98$2,490,527,585$126,725,689$49,521,518$1,169,420,554
99$2,744,406,314$132,780,164$51,025,405$1,284,661,621
100$3,024,175,789$139,126,423$52,574,787$1,411,473,083