Can I retire at age 40 with 8,600,000?

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 $8,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$710,180$703,854$697,682$691,658$685,776$678,614
2 years$351,574$345,026$338,681$332,528$326,560$319,348
3 years$232,055$225,479$219,149$213,054$207,183$200,144
4 years$172,307$165,751$159,484$153,493$147,765$140,954
5 years$136,467$129,951$123,766$117,898$112,328$105,765
6 years$112,582$106,114$100,022$94,284$88,882$82,574
7 years$95,528$89,115$83,118$77,516$72,285$66,235
8 years$82,743$76,388$70,491$65,026$59,967$54,175
9 years$72,804$66,509$60,714$55,388$50,501$44,965
10 years$64,858$58,625$52,932$47,745$43,029$37,746
11 years$58,361$52,190$46,600$41,552$37,007$31,971
12 years$52,951$46,843$41,357$36,447$32,069$27,276
13 years$48,376$42,332$36,949$32,177$27,965$23,409
14 years$44,459$38,479$33,199$28,563$24,514$20,189
15 years$41,066$35,151$29,974$25,473$21,584$17,484
16 years$38,101$32,251$27,176$22,809$19,076$15,193
17 years$35,488$29,702$24,729$20,493$16,914$13,241
18 years$33,167$27,446$22,575$18,469$15,039$11,570
19 years$31,093$25,436$20,666$16,688$13,405$10,130
20 years$29,229$23,637$18,966$15,114$11,973$8,887
21 years$27,544$22,017$17,445$13,717$10,715$7,809
22 years$26,015$20,552$16,078$12,472$9,604$6,871
23 years$24,621$19,222$14,846$11,359$8,621$6,053
24 years$23,344$18,009$13,730$10,360$7,749$5,338
25 years$22,172$16,901$12,716$9,461$6,973$4,712
26 years$21,092$15,884$11,794$8,651$6,281$4,163
27 years$20,093$14,949$10,952$7,918$5,663$3,680
28 years$19,168$14,086$10,181$7,255$5,110$3,256
29 years$18,307$13,289$9,474$6,653$4,614$2,881
30 years$17,506$12,550$8,825$6,106$4,169$2,552
31 years$16,758$11,864$8,227$5,607$3,769$2,261
32 years$16,058$11,225$7,676$5,153$3,409$2,004
33 years$15,401$10,631$7,167$4,739$3,086$1,776
34 years$14,785$10,076$6,697$4,360$2,794$1,575
35 years$14,205$9,556$6,261$4,014$2,530$1,397
36 years$13,659$9,070$5,857$3,697$2,293$1,240
37 years$13,143$8,615$5,482$3,406$2,078$1,100
38 years$12,656$8,187$5,134$3,139$1,884$977
39 years$12,195$7,785$4,810$2,895$1,708$867
40 years$11,758$7,407$4,508$2,670$1,549$770
41 years$11,343$7,051$4,227$2,463$1,406$684
42 years$10,949$6,715$3,965$2,273$1,276$607
43 years$10,575$6,398$3,721$2,099$1,158$539
44 years$10,218$6,099$3,493$1,938$1,051$479
45 years$9,878$5,816$3,279$1,790$954$425
46 years$9,554$5,548$3,080$1,653$866$378
47 years$9,245$5,294$2,894$1,527$786$336
48 years$8,950$5,054$2,719$1,411$714$298
49 years$8,667$4,826$2,556$1,304$649$265
50 years$8,397$4,610$2,403$1,205$589$236

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $8,600,000, adding $3,855 every year, while hoping to spend $39,756 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: 80/8/12 Blend
39$8,600,000$8,600,000$8,600,000$8,600,000
40$9,481,176$9,025,376$8,892,076$10,218,454
41$10,405,956$9,425,320$9,147,661$11,103,144
42$11,423,731$9,843,528$9,410,475$12,068,224
43$12,543,945$10,280,854$9,680,719$13,126,144
44$13,777,003$10,738,191$9,958,598$14,286,177
45$15,134,370$11,216,475$10,244,324$15,558,536
46$16,628,680$11,716,687$10,538,114$16,954,469
47$18,273,854$12,239,853$10,840,189$18,486,361
48$20,085,231$12,787,050$11,150,779$20,167,854
49$22,079,712$13,359,403$11,470,118$22,013,974
50$24,275,923$13,958,094$11,798,448$24,041,268
51$26,694,387$14,584,360$12,136,014$26,267,964
52$29,357,716$15,239,496$12,483,073$28,714,139
53$32,290,831$15,924,859$12,839,884$31,401,908
54$35,521,190$16,641,871$13,206,714$34,355,632
55$39,079,052$17,392,023$13,583,840$37,602,145
56$42,997,759$18,176,876$13,971,542$41,171,009
57$47,314,052$18,998,065$14,370,110$45,094,788
58$52,068,418$19,857,303$14,779,842$49,409,355
59$57,305,473$20,756,386$15,201,042$54,154,233
60$63,074,378$21,697,196$15,634,024$59,372,960
61$69,429,310$22,681,704$16,079,109$65,113,502
62$76,429,967$23,711,975$16,536,627$71,428,705
63$84,142,135$24,790,174$17,006,916$78,376,789
64$92,638,308$25,918,568$17,490,323$86,021,898
65$101,998,372$27,099,534$17,987,205$94,434,704
66$112,310,358$28,335,563$18,497,928$103,693,069
67$123,671,272$29,629,264$19,022,867$113,882,781
68$136,188,016$30,983,371$19,562,407$125,098,360
69$149,978,389$32,400,752$20,116,943$137,443,948
70$165,172,205$33,884,409$20,686,881$151,034,293
71$181,912,515$35,437,490$21,272,636$165,995,823
72$200,356,958$37,063,294$21,874,636$182,467,844
73$220,679,249$38,765,276$22,493,318$200,603,847
74$243,070,819$40,547,061$23,129,130$220,572,958
75$267,742,621$42,412,446$23,782,535$242,561,529
76$294,927,122$44,365,410$24,454,004$266,774,896
77$324,880,498$46,410,124$25,144,021$293,439,314
78$357,885,047$48,550,959$25,853,085$322,804,086
79$394,251,864$50,792,497$26,581,705$355,143,920
80$434,323,765$53,139,541$27,330,404$390,761,514
81$478,478,534$55,597,124$28,099,717$429,990,409
82$527,132,483$58,170,521$28,890,196$473,198,137
83$580,744,382$60,865,262$29,702,403$520,789,686
84$639,819,793$63,687,144$30,536,918$573,211,316
85$704,915,840$66,642,242$31,394,332$630,954,772
86$776,646,468$69,736,924$32,275,255$694,561,918
87$855,688,240$72,977,866$33,180,308$764,629,851
88$942,786,724$76,372,064$34,110,132$841,816,529
89$1,038,763,529$79,926,855$35,065,380$926,846,980
90$1,144,524,063$83,649,925$36,046,725$1,020,520,143
91$1,261,066,082$87,549,336$37,054,855$1,123,716,399
92$1,389,489,104$91,633,536$38,090,475$1,237,405,881
93$1,531,004,795$95,911,381$39,154,308$1,362,657,628
94$1,686,948,402$100,392,156$40,247,095$1,500,649,664
95$1,858,791,362$105,085,595$41,369,596$1,652,680,121
96$2,048,155,192$110,001,900$42,522,588$1,820,179,481
97$2,256,826,797$115,151,768$43,706,870$2,004,724,076
98$2,486,775,338$120,546,413$44,923,258$2,208,050,963
99$2,740,170,825$126,197,590$46,172,590$2,432,074,312
100$3,019,404,600$132,117,623$47,455,722$2,678,903,472