Can I retire at age 40 with 8,500,000?

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 $8,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$701,922$695,670$689,570$683,616$677,802$658,481
2 years$347,486$341,015$334,743$328,661$322,763$303,447
3 years$229,356$222,857$216,601$210,577$204,774$186,069
4 years$170,303$163,823$157,630$151,709$146,047$128,096
5 years$134,880$128,439$122,327$116,527$111,022$93,876
6 years$111,273$104,880$98,859$93,187$87,848$71,521
7 years$94,417$88,078$82,152$76,614$71,444$55,936
8 years$81,781$75,500$69,671$64,270$59,270$44,572
9 years$71,958$65,736$60,008$54,744$49,914$36,013
10 years$64,104$57,943$52,316$47,190$42,529$29,406
11 years$57,683$51,583$46,058$41,069$36,576$24,209
12 years$52,335$46,298$40,876$36,023$31,696$20,061
13 years$47,814$41,840$36,520$31,803$27,640$16,711
14 years$43,942$38,032$32,813$28,231$24,229$13,980
15 years$40,589$34,743$29,626$25,177$21,333$11,736
16 years$37,658$31,876$26,860$22,544$18,854$9,880
17 years$35,075$29,356$24,442$20,255$16,717$8,337
18 years$32,781$27,126$22,312$18,254$14,864$7,050
19 years$30,731$25,141$20,426$16,494$13,249$5,971
20 years$28,889$23,362$18,746$14,939$11,834$5,064
21 years$27,224$21,761$17,242$13,558$10,590$4,300
22 years$25,712$20,313$15,892$12,327$9,493$3,655
23 years$24,334$18,998$14,673$11,226$8,521$3,109
24 years$23,073$17,800$13,570$10,239$7,659$2,647
25 years$21,914$16,704$12,569$9,351$6,892$2,254
26 years$20,847$15,699$11,657$8,550$6,208$1,921
27 years$19,860$14,775$10,824$7,826$5,597$1,638
28 years$18,945$13,922$10,063$7,170$5,050$1,397
29 years$18,094$13,134$9,364$6,575$4,560$1,192
30 years$17,302$12,404$8,722$6,035$4,121$1,017
31 years$16,563$11,726$8,132$5,542$3,725$868
32 years$15,871$11,095$7,587$5,093$3,370$741
33 years$15,222$10,507$7,084$4,684$3,050$633
34 years$14,613$9,958$6,619$4,310$2,761$540
35 years$14,040$9,445$6,188$3,967$2,501$462
36 years$13,500$8,965$5,789$3,654$2,266$394
37 years$12,990$8,515$5,418$3,366$2,054$337
38 years$12,509$8,092$5,074$3,103$1,862$288
39 years$12,053$7,695$4,754$2,861$1,688$246
40 years$11,621$7,321$4,456$2,639$1,531$210
41 years$11,211$6,969$4,178$2,435$1,389$180
42 years$10,822$6,637$3,919$2,247$1,261$153
43 years$10,452$6,324$3,678$2,074$1,144$131
44 years$10,099$6,028$3,452$1,915$1,039$112
45 years$9,763$5,748$3,241$1,769$943$96
46 years$9,443$5,483$3,044$1,634$856$82
47 years$9,138$5,233$2,860$1,509$777$70
48 years$8,846$4,995$2,688$1,395$706$60
49 years$8,566$4,770$2,526$1,289$641$51
50 years$8,299$4,557$2,375$1,191$582$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $8,500,000, adding $2,566 every year, while hoping to spend $42,072 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: 77/5/18 Blend
39$8,500,000$8,500,000$8,500,000$8,500,000
40$9,369,647$8,919,147$8,787,397$10,052,818
41$10,280,587$9,311,421$9,037,010$10,896,923
42$11,283,032$9,721,506$9,293,576$11,816,899
43$12,386,272$10,150,231$9,557,282$12,824,713
44$13,600,543$10,598,463$9,828,322$13,929,132
45$14,937,122$11,067,111$10,106,894$15,139,811
46$16,408,435$11,557,126$10,393,201$16,467,381
47$18,028,176$12,069,506$10,687,454$17,923,553
48$19,811,432$12,605,294$10,989,866$19,521,224
49$21,774,828$13,165,583$11,300,656$21,274,600
50$23,936,683$13,751,519$11,620,051$23,199,328
51$26,317,183$14,364,302$11,948,281$25,312,641
52$28,938,572$15,005,189$12,285,585$27,633,524
53$31,825,358$15,675,496$12,632,204$30,182,890
54$35,004,552$16,376,602$12,988,390$32,983,775
55$38,505,912$17,109,952$13,354,397$36,061,556
56$42,362,235$17,877,059$13,730,489$39,444,188
57$46,609,657$18,679,509$14,116,935$43,162,470
58$51,288,000$19,518,963$14,514,010$47,250,331
59$56,441,146$20,397,162$14,921,999$51,745,148
60$62,117,447$21,315,928$15,341,191$56,688,103
61$68,370,190$22,277,171$15,771,883$62,124,565
62$75,258,090$23,282,893$16,214,383$68,104,521
63$82,845,852$24,335,192$16,669,001$74,683,041
64$91,204,776$25,436,263$17,136,059$81,920,803
65$100,413,432$26,588,409$17,615,886$89,884,659
66$110,558,403$27,794,042$18,108,819$98,648,267
67$121,735,099$29,055,689$18,615,204$108,292,783
68$134,048,660$30,375,999$19,135,394$118,907,628
69$147,614,947$31,757,746$19,669,753$130,591,328
70$162,561,634$33,203,838$20,218,653$143,452,442
71$179,029,418$34,717,323$20,782,474$157,610,586
72$197,173,340$36,301,393$21,361,608$173,197,562
73$217,164,253$37,959,395$21,956,455$190,358,594
74$239,190,437$39,694,834$22,567,426$209,253,705
75$263,459,366$41,511,386$23,194,940$230,059,219
76$290,199,679$43,412,902$23,839,428$252,969,425
77$319,663,329$45,403,416$24,501,331$278,198,410
78$352,127,965$47,487,160$25,181,102$305,982,077
79$387,899,551$49,668,564$25,879,203$336,580,367
80$427,315,256$51,952,275$26,596,107$370,279,715
81$470,746,637$54,343,162$27,332,302$407,395,747
82$518,603,144$56,846,326$28,088,284$448,276,258
83$571,335,985$59,467,117$28,864,562$493,304,492
84$629,442,389$62,211,139$29,661,658$542,902,759
85$693,470,295$65,084,267$30,480,105$597,536,415
86$764,023,528$68,092,659$31,320,452$657,718,256
87$841,767,498$71,242,769$32,183,257$724,013,350
88$927,435,480$74,541,362$33,069,093$797,044,374
89$1,021,835,538$77,995,528$33,978,548$877,497,484
90$1,125,858,154$81,612,701$34,912,220$966,128,790
91$1,240,484,632$85,400,669$35,870,726$1,063,771,492
92$1,366,796,363$89,367,600$36,854,693$1,171,343,739
93$1,505,985,032$93,522,053$37,864,766$1,289,857,294
94$1,659,363,872$97,873,000$38,901,602$1,420,427,081
95$1,828,380,057$102,429,847$39,965,876$1,564,281,703
96$2,014,628,367$107,202,454$41,058,277$1,722,775,041
97$2,219,866,241$112,201,155$42,179,510$1,897,399,027
98$2,446,030,371$117,436,784$43,330,296$2,089,797,724
99$2,695,254,981$122,920,699$44,511,373$2,301,782,841
100$2,969,891,981$128,664,805$45,723,497$2,535,350,832