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%15.5%
1 years$701,922$695,670$689,570$683,616$677,802$662,493
2 years$347,486$341,015$334,743$328,661$322,763$307,421
3 years$229,356$222,857$216,601$210,577$204,774$189,879
4 years$170,303$163,823$157,630$151,709$146,047$131,713
5 years$134,880$128,439$122,327$116,527$111,022$97,290
6 years$111,273$104,880$98,859$93,187$87,848$74,732
7 years$94,417$88,078$82,152$76,614$71,444$58,946
8 years$81,781$75,500$69,671$64,270$59,270$47,385
9 years$71,958$65,736$60,008$54,744$49,914$38,634
10 years$64,104$57,943$52,316$47,190$42,529$31,841
11 years$57,683$51,583$46,058$41,069$36,576$26,467
12 years$52,335$46,298$40,876$36,023$31,696$22,149
13 years$47,814$41,840$36,520$31,803$27,640$18,637
14 years$43,942$38,032$32,813$28,231$24,229$15,752
15 years$40,589$34,743$29,626$25,177$21,333$13,363
16 years$37,658$31,876$26,860$22,544$18,854$11,371
17 years$35,075$29,356$24,442$20,255$16,717$9,701
18 years$32,781$27,126$22,312$18,254$14,864$8,294
19 years$30,731$25,141$20,426$16,494$13,249$7,104
20 years$28,889$23,362$18,746$14,939$11,834$6,094
21 years$27,224$21,761$17,242$13,558$10,590$5,235
22 years$25,712$20,313$15,892$12,327$9,493$4,501
23 years$24,334$18,998$14,673$11,226$8,521$3,874
24 years$23,073$17,800$13,570$10,239$7,659$3,338
25 years$21,914$16,704$12,569$9,351$6,892$2,877
26 years$20,847$15,699$11,657$8,550$6,208$2,482
27 years$19,860$14,775$10,824$7,826$5,597$2,142
28 years$18,945$13,922$10,063$7,170$5,050$1,849
29 years$18,094$13,134$9,364$6,575$4,560$1,597
30 years$17,302$12,404$8,722$6,035$4,121$1,380
31 years$16,563$11,726$8,132$5,542$3,725$1,193
32 years$15,871$11,095$7,587$5,093$3,370$1,031
33 years$15,222$10,507$7,084$4,684$3,050$891
34 years$14,613$9,958$6,619$4,310$2,761$771
35 years$14,040$9,445$6,188$3,967$2,501$667
36 years$13,500$8,965$5,789$3,654$2,266$577
37 years$12,990$8,515$5,418$3,366$2,054$499
38 years$12,509$8,092$5,074$3,103$1,862$432
39 years$12,053$7,695$4,754$2,861$1,688$374
40 years$11,621$7,321$4,456$2,639$1,531$323
41 years$11,211$6,969$4,178$2,435$1,389$280
42 years$10,822$6,637$3,919$2,247$1,261$242
43 years$10,452$6,324$3,678$2,074$1,144$210
44 years$10,099$6,028$3,452$1,915$1,039$181
45 years$9,763$5,748$3,241$1,769$943$157
46 years$9,443$5,483$3,044$1,634$856$136
47 years$9,138$5,233$2,860$1,509$777$118
48 years$8,846$4,995$2,688$1,395$706$102
49 years$8,566$4,770$2,526$1,289$641$88
50 years$8,299$4,557$2,375$1,191$582$76

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 $4,163 every year, while hoping to spend $53,315 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: 49/40/11 Blend
39$8,500,000$8,500,000$8,500,000$8,500,000
40$9,371,294$8,920,794$8,789,044$9,802,344
41$10,270,439$9,301,186$9,026,750$10,478,972
42$11,259,511$9,698,431$9,270,633$11,207,591
43$12,347,624$10,113,297$9,520,842$11,997,808
44$13,544,823$10,546,591$9,777,532$12,855,403
45$14,862,176$10,999,154$10,040,861$13,786,723
46$16,311,876$11,471,871$10,310,987$14,798,742
47$17,907,359$11,965,664$10,588,077$15,899,120
48$19,663,428$12,481,500$10,872,296$17,096,276
49$21,596,397$13,020,392$11,163,817$18,399,464
50$23,724,238$13,583,400$11,462,813$19,818,853
51$26,066,757$14,171,633$11,769,464$21,365,623
52$28,645,776$14,786,253$12,083,951$23,052,068
53$31,485,341$15,428,476$12,406,460$24,891,701
54$34,611,950$16,099,575$12,737,180$26,899,389
55$38,054,798$16,800,884$13,076,305$29,091,477
56$41,846,059$17,533,799$13,424,033$31,485,946
57$46,021,183$18,299,781$13,780,563$34,102,576
58$50,619,234$19,100,361$14,146,103$36,963,127
59$55,683,259$19,937,142$14,520,861$40,091,538
60$61,260,692$20,811,802$14,905,050$43,514,154
61$67,403,803$21,726,100$15,298,889$47,259,959
62$74,170,187$22,681,876$15,702,599$51,360,854
63$81,623,316$23,681,057$16,116,405$55,851,946
64$89,833,128$24,725,663$16,540,539$60,771,874
65$98,876,695$25,817,808$16,975,235$66,163,168
66$108,838,944$26,959,707$17,420,731$72,072,646
67$119,813,462$28,153,679$17,877,272$78,551,843
68$131,903,379$29,402,153$18,345,104$85,657,495
69$145,222,340$30,707,674$18,824,481$93,452,064
70$159,895,576$32,072,907$19,315,658$102,004,322
71$176,061,089$33,500,645$19,818,898$111,389,987
72$193,870,954$34,993,811$20,334,465$121,692,435
73$213,492,752$36,555,468$20,862,630$133,003,471
74$235,111,153$38,188,826$21,403,668$145,424,193
75$258,929,658$39,897,245$21,957,858$159,065,930
76$285,172,521$41,684,248$22,525,484$174,051,284
77$314,086,865$43,553,524$23,106,835$190,515,278
78$345,945,015$45,508,936$23,702,204$208,606,617
79$381,047,067$47,554,534$24,311,888$228,489,081
80$419,723,721$49,694,560$24,936,190$250,343,054
81$462,339,405$51,933,458$25,575,417$274,367,222
82$509,295,710$54,275,883$26,229,879$300,780,424
83$561,035,186$56,726,714$26,899,893$329,823,713
84$618,045,514$59,291,062$27,585,778$361,762,607
85$680,864,115$61,974,283$28,287,861$396,889,587
86$750,083,219$64,781,987$29,006,468$435,526,839
87$826,355,456$67,720,054$29,741,934$478,029,275
88$910,400,021$70,794,644$30,494,597$524,787,868
89$1,003,009,454$74,012,213$31,264,797$576,233,325
90$1,105,057,132$77,379,525$32,052,881$632,840,127
91$1,217,505,505$80,903,668$32,859,199$695,130,995
92$1,341,415,188$84,592,068$33,684,103$763,681,794
93$1,477,954,967$88,452,510$34,527,951$839,126,956
94$1,628,412,841$92,493,150$35,391,104$922,165,435
95$1,794,208,171$96,722,535$36,273,927$1,013,567,288
96$1,976,905,088$101,149,622$37,176,786$1,114,180,916
97$2,178,227,252$105,783,799$38,100,053$1,224,941,040
98$2,400,074,128$110,634,902$39,044,102$1,346,877,508
99$2,644,538,919$115,713,242$40,009,309$1,481,124,973
100$2,913,928,321$121,029,623$40,996,053$1,628,933,585