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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.7%
1 years$693,664$687,485$681,457$675,573$669,828$646,319
2 years$343,398$337,003$330,804$324,795$318,966$295,528
3 years$226,658$220,235$214,052$208,099$202,365$179,734
4 years$168,299$161,896$155,775$149,924$144,328$122,678
5 years$133,293$126,928$120,888$115,156$109,716$89,103
6 years$109,964$103,647$97,695$92,091$86,815$67,255
7 years$93,306$87,042$81,185$75,713$70,604$52,093
8 years$80,819$74,611$68,852$63,514$58,572$41,096
9 years$71,111$64,963$59,302$54,100$49,326$32,861
10 years$63,350$57,261$51,701$46,634$42,029$26,547
11 years$57,004$50,976$45,517$40,586$36,146$21,617
12 years$51,719$45,754$40,395$35,599$31,323$17,712
13 years$47,251$41,348$36,090$31,429$27,315$14,585
14 years$43,425$37,584$32,427$27,899$23,944$12,058
15 years$40,111$34,334$29,277$24,881$21,082$10,001
16 years$37,215$31,501$26,544$22,278$18,632$8,317
17 years$34,662$29,011$24,154$20,017$16,521$6,932
18 years$32,396$26,807$22,050$18,039$14,689$5,787
19 years$30,370$24,845$20,185$16,300$13,093$4,839
20 years$28,549$23,087$18,525$14,763$11,695$4,051
21 years$26,904$21,505$17,040$13,398$10,466$3,395
22 years$25,410$20,074$15,705$12,182$9,381$2,848
23 years$24,048$18,775$14,500$11,094$8,421$2,390
24 years$22,802$17,591$13,410$10,119$7,569$2,007
25 years$21,656$16,508$12,421$9,241$6,811$1,687
26 years$20,601$15,515$11,520$8,449$6,135$1,418
27 years$19,626$14,601$10,697$7,734$5,531$1,192
28 years$18,722$13,759$9,944$7,086$4,991$1,003
29 years$17,882$12,980$9,254$6,498$4,507$844
30 years$17,099$12,258$8,620$5,964$4,072$710
31 years$16,368$11,588$8,036$5,477$3,682$598
32 years$15,684$10,964$7,498$5,034$3,330$503
33 years$15,043$10,383$7,001$4,629$3,014$424
34 years$14,441$9,841$6,541$4,259$2,729$357
35 years$13,875$9,334$6,115$3,921$2,471$300
36 years$13,341$8,860$5,721$3,611$2,239$253
37 years$12,837$8,415$5,354$3,327$2,030$213
38 years$12,361$7,997$5,014$3,066$1,840$179
39 years$11,911$7,604$4,698$2,827$1,669$151
40 years$11,484$7,235$4,403$2,608$1,513$127
41 years$11,079$6,887$4,129$2,406$1,373$107
42 years$10,694$6,559$3,873$2,221$1,246$90
43 years$10,329$6,249$3,634$2,050$1,131$76
44 years$9,980$5,957$3,411$1,893$1,026$64
45 years$9,649$5,680$3,203$1,748$932$54
46 years$9,332$5,419$3,009$1,615$846$45
47 years$9,030$5,171$2,826$1,492$768$38
48 years$8,741$4,937$2,656$1,378$698$32
49 years$8,465$4,714$2,497$1,274$634$27
50 years$8,201$4,503$2,347$1,177$575$23

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 $5,459 every year, while hoping to spend $31,569 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: 38/48/14 Blend
39$8,400,000$8,400,000$8,400,000$8,400,000
40$9,262,431$8,817,231$8,687,031$9,574,937
41$10,173,610$9,215,686$8,944,457$10,197,006
42$11,176,671$9,632,607$9,209,449$10,865,389
43$12,280,953$10,068,867$9,482,227$11,587,024
44$13,496,745$10,525,377$9,763,018$12,366,715
45$14,835,388$11,003,095$10,052,053$13,209,723
46$16,309,374$11,503,023$10,349,573$14,121,822
47$17,932,471$12,026,212$10,655,825$15,109,341
48$19,719,850$12,573,763$10,971,062$16,179,223
49$21,688,226$13,146,829$11,295,544$17,339,088
50$23,856,021$13,746,620$11,629,541$18,597,298
51$26,243,533$14,374,402$11,973,328$19,963,029
52$28,873,127$15,031,502$12,327,189$21,446,358
53$31,769,453$15,719,311$12,691,416$23,058,348
54$34,959,668$16,439,289$13,066,310$24,811,152
55$38,473,702$17,192,962$13,452,179$26,718,116
56$42,344,534$17,981,931$13,849,341$28,793,902
57$46,608,506$18,807,875$14,258,123$31,054,622
58$51,305,665$19,672,553$14,678,862$33,517,980
59$56,480,142$20,577,807$15,111,903$36,203,434
60$62,180,566$21,525,569$15,557,602$39,132,373
61$68,460,526$22,517,865$16,016,324$42,328,310
62$75,379,075$23,556,815$16,488,446$45,817,097
63$83,001,287$24,644,645$16,974,355$49,627,160
64$91,398,870$25,783,685$17,474,448$53,789,761
65$100,650,848$26,976,379$17,989,135$58,339,279
66$110,844,301$28,225,287$18,518,837$63,313,531
67$122,075,188$29,533,095$19,063,987$68,754,116
68$134,449,256$30,902,615$19,625,029$74,706,798
69$148,083,035$32,336,798$20,202,422$81,221,925
70$163,104,937$33,838,734$20,796,636$88,354,898
71$179,656,473$35,411,664$21,408,155$96,166,675
72$197,893,582$37,058,985$22,037,478$104,724,342
73$217,988,109$38,784,257$22,685,115$114,101,728
74$240,129,424$40,591,213$23,351,594$124,380,087
75$264,526,208$42,483,766$24,037,456$135,648,857
76$291,408,428$44,466,016$24,743,256$148,006,484
77$321,029,500$46,542,264$25,469,569$161,561,336
78$353,668,691$48,717,017$26,216,981$176,432,715
79$389,633,746$50,994,999$26,986,098$192,751,958
80$429,263,798$53,381,164$27,777,543$210,663,664
81$472,932,569$55,880,704$28,591,954$230,327,042
82$521,051,896$58,499,064$29,429,989$251,917,389
83$574,075,621$61,241,950$30,292,326$275,627,726
84$632,503,874$64,115,345$31,179,658$301,670,602
85$696,887,794$67,125,521$32,092,701$330,280,073
86$767,834,731$70,279,054$33,032,189$361,713,891
87$846,013,985$73,582,839$33,998,878$396,255,913
88$932,163,116$77,044,102$34,993,545$434,218,752
89$1,027,094,912$80,670,423$36,016,988$475,946,703
90$1,131,705,064$84,469,744$37,070,028$521,818,962
91$1,246,980,615$88,450,396$38,153,508$572,253,182
92$1,374,009,284$92,621,111$39,268,296$627,709,379
93$1,513,989,731$96,991,046$40,415,284$688,694,243
94$1,668,242,876$101,569,799$41,595,389$755,765,889
95$1,838,224,367$106,367,437$42,809,552$829,539,088
96$2,025,538,322$111,394,511$44,058,742$910,691,036
97$2,231,952,476$116,662,087$45,343,955$999,967,705
98$2,459,414,864$122,181,766$46,666,213$1,098,190,843
99$2,710,072,219$127,965,710$48,026,569$1,206,265,693
100$2,986,290,230$134,026,675$49,426,104$1,325,189,491