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

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 $8,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$701,922$695,670$689,570$683,616$677,802$654,013
2 years$347,486$341,015$334,743$328,661$322,763$299,046
3 years$229,356$222,857$216,601$210,577$204,774$181,874
4 years$170,303$163,823$157,630$151,709$146,047$124,138
5 years$134,880$128,439$122,327$116,527$111,022$90,164
6 years$111,273$104,880$98,859$93,187$87,848$68,055
7 years$94,417$88,078$82,152$76,614$71,444$52,713
8 years$81,781$75,500$69,671$64,270$59,270$41,585
9 years$71,958$65,736$60,008$54,744$49,914$33,252
10 years$64,104$57,943$52,316$47,190$42,529$26,863
11 years$57,683$51,583$46,058$41,069$36,576$21,874
12 years$52,335$46,298$40,876$36,023$31,696$17,923
13 years$47,814$41,840$36,520$31,803$27,640$14,759
14 years$43,942$38,032$32,813$28,231$24,229$12,202
15 years$40,589$34,743$29,626$25,177$21,333$10,120
16 years$37,658$31,876$26,860$22,544$18,854$8,416
17 years$35,075$29,356$24,442$20,255$16,717$7,014
18 years$32,781$27,126$22,312$18,254$14,864$5,856
19 years$30,731$25,141$20,426$16,494$13,249$4,897
20 years$28,889$23,362$18,746$14,939$11,834$4,100
21 years$27,224$21,761$17,242$13,558$10,590$3,436
22 years$25,712$20,313$15,892$12,327$9,493$2,882
23 years$24,334$18,998$14,673$11,226$8,521$2,419
24 years$23,073$17,800$13,570$10,239$7,659$2,031
25 years$21,914$16,704$12,569$9,351$6,892$1,707
26 years$20,847$15,699$11,657$8,550$6,208$1,435
27 years$19,860$14,775$10,824$7,826$5,597$1,206
28 years$18,945$13,922$10,063$7,170$5,050$1,015
29 years$18,094$13,134$9,364$6,575$4,560$854
30 years$17,302$12,404$8,722$6,035$4,121$719
31 years$16,563$11,726$8,132$5,542$3,725$605
32 years$15,871$11,095$7,587$5,093$3,370$509
33 years$15,222$10,507$7,084$4,684$3,050$429
34 years$14,613$9,958$6,619$4,310$2,761$361
35 years$14,040$9,445$6,188$3,967$2,501$304
36 years$13,500$8,965$5,789$3,654$2,266$256
37 years$12,990$8,515$5,418$3,366$2,054$216
38 years$12,509$8,092$5,074$3,103$1,862$182
39 years$12,053$7,695$4,754$2,861$1,688$153
40 years$11,621$7,321$4,456$2,639$1,531$129
41 years$11,211$6,969$4,178$2,435$1,389$108
42 years$10,822$6,637$3,919$2,247$1,261$91
43 years$10,452$6,324$3,678$2,074$1,144$77
44 years$10,099$6,028$3,452$1,915$1,039$65
45 years$9,763$5,748$3,241$1,769$943$55
46 years$9,443$5,483$3,044$1,634$856$46
47 years$9,138$5,233$2,860$1,509$777$39
48 years$8,846$4,995$2,688$1,395$706$33
49 years$8,566$4,770$2,526$1,289$641$28
50 years$8,299$4,557$2,375$1,191$582$23

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 $3,668 every year, while hoping to spend $26,547 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: 55/21/24 Blend
39$8,500,000$8,500,000$8,500,000$8,500,000
40$9,370,784$8,920,284$8,788,534$9,824,307
41$10,298,358$9,329,132$9,054,704$10,544,980
42$11,319,655$9,757,124$9,328,901$11,326,348
43$12,444,206$10,205,169$9,611,365$12,176,770
44$13,682,515$10,674,223$9,902,346$13,102,882
45$15,046,155$11,165,283$10,202,098$14,111,983
46$16,547,879$11,679,398$10,510,885$15,212,099
47$18,201,740$12,217,666$10,828,977$16,412,056
48$20,023,223$12,781,237$11,156,653$17,721,563
49$22,029,392$13,371,318$11,494,201$19,151,298
50$24,239,050$13,989,172$11,841,917$20,713,011
51$26,672,916$14,636,125$12,200,104$22,419,627
52$29,353,824$15,313,565$12,569,078$24,285,369
53$32,306,933$16,022,949$12,949,161$26,325,888
54$35,559,968$16,765,801$13,340,686$28,558,405
55$39,143,481$17,543,722$13,743,995$31,001,876
56$43,091,139$18,358,387$14,159,442$33,677,164
57$47,440,041$19,211,554$14,587,389$36,607,231
58$52,231,070$20,105,065$15,028,211$39,817,356
59$57,509,276$21,040,850$15,482,293$43,335,363
60$63,324,305$22,020,934$15,950,032$47,191,888
61$69,730,862$23,047,438$16,431,837$51,420,658
62$76,789,234$24,122,587$16,928,127$56,058,804
63$84,565,853$25,248,711$17,439,337$61,147,214
64$93,133,927$26,428,254$17,965,912$66,730,909
65$102,574,129$27,663,780$18,508,311$72,859,461
66$112,975,358$28,957,974$19,067,008$79,587,462
67$124,435,581$30,313,651$19,642,489$86,975,032
68$137,062,754$31,733,763$20,235,256$95,088,376
69$150,975,843$33,221,406$20,845,825$104,000,411
70$166,305,947$34,779,822$21,474,728$113,791,441
71$183,197,534$36,412,414$22,122,512$124,549,915
72$201,809,807$38,122,747$22,789,740$136,373,250
73$222,318,205$39,914,559$23,476,994$149,368,748
74$244,916,059$41,791,770$24,184,871$163,654,598
75$269,816,418$43,758,488$24,913,985$179,360,988
76$297,254,060$45,819,021$25,664,971$196,631,322
77$327,487,707$47,977,885$26,438,480$215,623,569
78$360,802,468$50,239,817$27,235,184$236,511,743
79$397,512,532$52,609,780$28,055,775$259,487,540
80$437,964,131$55,092,980$28,900,964$284,762,135
81$482,538,811$57,694,875$29,771,485$312,568,166
82$531,657,032$60,421,186$30,668,092$343,161,922
83$585,782,138$63,277,913$31,591,562$376,825,751
84$645,424,732$66,271,347$32,542,695$413,870,713
85$711,147,494$69,408,082$33,522,315$454,639,507
86$783,570,496$72,695,035$34,531,269$499,509,691
87$863,377,051$76,139,456$35,570,431$548,897,237
88$951,320,169$79,748,948$36,640,700$603,260,441
89$1,048,229,663$83,531,483$37,743,000$663,104,239
90$1,155,019,982$87,495,420$38,878,284$728,984,956
91$1,272,698,848$91,649,523$40,047,534$801,515,547
92$1,402,376,762$96,002,982$41,251,759$881,371,363
93$1,545,277,497$100,565,433$42,491,998$969,296,512
94$1,702,749,644$105,346,981$43,769,322$1,066,110,867
95$1,876,279,345$110,358,221$45,084,832$1,172,717,787
96$2,067,504,327$115,610,263$46,439,662$1,290,112,626
97$2,278,229,359$121,114,756$47,834,981$1,419,392,112
98$2,510,443,291$126,883,916$49,271,990$1,561,764,676
99$2,766,337,832$132,930,553$50,751,927$1,718,561,843
100$3,048,328,240$139,268,099$52,276,066$1,891,250,774