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

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 $8,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$710,180$703,854$697,682$691,658$685,776$666,496
2 years$351,574$345,026$338,681$332,528$326,560$307,283
3 years$232,055$225,479$219,149$213,054$207,183$188,512
4 years$172,307$165,751$159,484$153,493$147,765$129,844
5 years$136,467$129,951$123,766$117,898$112,328$95,206
6 years$112,582$106,114$100,022$94,284$88,882$72,574
7 years$95,528$89,115$83,118$77,516$72,285$56,792
8 years$82,743$76,388$70,491$65,026$59,967$45,281
9 years$72,804$66,509$60,714$55,388$50,501$36,608
10 years$64,858$58,625$52,932$47,745$43,029$29,910
11 years$58,361$52,190$46,600$41,552$37,007$24,640
12 years$52,951$46,843$41,357$36,447$32,069$20,432
13 years$48,376$42,332$36,949$32,177$27,965$17,031
14 years$44,459$38,479$33,199$28,563$24,514$14,257
15 years$41,066$35,151$29,974$25,473$21,584$11,977
16 years$38,101$32,251$27,176$22,809$19,076$10,090
17 years$35,488$29,702$24,729$20,493$16,914$8,521
18 years$33,167$27,446$22,575$18,469$15,039$7,211
19 years$31,093$25,436$20,666$16,688$13,405$6,112
20 years$29,229$23,637$18,966$15,114$11,973$5,187
21 years$27,544$22,017$17,445$13,717$10,715$4,408
22 years$26,015$20,552$16,078$12,472$9,604$3,750
23 years$24,621$19,222$14,846$11,359$8,621$3,192
24 years$23,344$18,009$13,730$10,360$7,749$2,720
25 years$22,172$16,901$12,716$9,461$6,973$2,318
26 years$21,092$15,884$11,794$8,651$6,281$1,977
27 years$20,093$14,949$10,952$7,918$5,663$1,687
28 years$19,168$14,086$10,181$7,255$5,110$1,440
29 years$18,307$13,289$9,474$6,653$4,614$1,230
30 years$17,506$12,550$8,825$6,106$4,169$1,050
31 years$16,758$11,864$8,227$5,607$3,769$897
32 years$16,058$11,225$7,676$5,153$3,409$767
33 years$15,401$10,631$7,167$4,739$3,086$655
34 years$14,785$10,076$6,697$4,360$2,794$560
35 years$14,205$9,556$6,261$4,014$2,530$479
36 years$13,659$9,070$5,857$3,697$2,293$409
37 years$13,143$8,615$5,482$3,406$2,078$350
38 years$12,656$8,187$5,134$3,139$1,884$299
39 years$12,195$7,785$4,810$2,895$1,708$256
40 years$11,758$7,407$4,508$2,670$1,549$219
41 years$11,343$7,051$4,227$2,463$1,406$187
42 years$10,949$6,715$3,965$2,273$1,276$160
43 years$10,575$6,398$3,721$2,099$1,158$137
44 years$10,218$6,099$3,493$1,938$1,051$117
45 years$9,878$5,816$3,279$1,790$954$100
46 years$9,554$5,548$3,080$1,653$866$86
47 years$9,245$5,294$2,894$1,527$786$73
48 years$8,950$5,054$2,719$1,411$714$63
49 years$8,667$4,826$2,556$1,304$649$54
50 years$8,397$4,610$2,403$1,205$589$46

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 $3,205 every year, while hoping to spend $59,237 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: 35/46/19 Blend
39$8,600,000$8,600,000$8,600,000$8,600,000
40$9,480,506$9,024,706$8,891,406$9,757,160
41$10,384,490$9,403,889$9,126,240$10,339,196
42$11,378,695$9,799,666$9,366,956$10,961,036
43$12,472,261$10,212,789$9,613,688$11,630,754
44$13,675,258$10,644,042$9,866,574$12,352,642
45$14,998,782$11,094,248$10,125,751$13,131,401
46$16,455,057$11,564,266$10,391,364$13,972,192
47$18,057,555$12,054,997$10,663,556$14,880,671
48$19,821,116$12,567,382$10,942,476$15,863,047
49$21,762,093$13,102,407$11,228,272$16,926,133
50$23,898,505$13,661,104$11,521,098$18,077,406
51$26,250,207$14,244,552$11,821,109$19,325,076
52$28,839,076$14,853,882$12,128,464$20,678,157
53$31,689,216$15,490,277$12,443,322$22,146,550
54$34,827,190$16,154,975$12,765,847$23,741,128
55$38,282,266$16,849,271$13,096,205$25,473,839
56$42,086,695$17,574,523$13,434,566$27,357,811
57$46,276,014$18,332,151$13,781,100$29,407,469
58$50,889,383$19,123,642$14,135,983$31,638,668
59$55,969,952$19,950,552$14,499,390$34,068,839
60$61,565,269$20,814,512$14,871,502$36,717,141
61$67,727,729$21,717,226$15,252,500$39,604,644
62$74,515,069$22,660,481$15,642,570$42,754,514
63$81,990,910$23,646,148$16,041,900$46,192,230
64$90,225,358$24,676,185$16,450,679$49,945,814
65$99,295,668$25,752,642$16,869,100$54,046,091
66$109,286,971$26,877,666$17,297,360$58,526,971
67$120,293,075$28,053,505$17,735,655$63,425,759
68$132,417,356$29,282,513$18,184,186$68,783,503
69$145,773,726$30,567,156$18,643,156$74,645,369
70$160,487,715$31,910,016$19,112,770$81,061,059
71$176,697,650$33,313,795$19,593,237$88,085,273
72$194,555,964$34,781,325$20,084,764$95,778,211
73$214,230,634$36,315,572$20,587,565$104,206,134
74$235,906,765$37,919,640$21,101,854$113,441,979
75$259,788,335$39,596,783$21,627,847$123,566,033
76$286,100,127$41,350,407$22,165,761$134,666,680
77$315,089,843$43,184,080$22,715,817$146,841,226
78$347,030,446$45,101,539$23,278,237$160,196,799
79$382,222,736$47,106,699$23,853,242$174,851,350
80$420,998,188$49,203,660$24,441,059$190,934,753
81$463,722,082$51,396,718$25,041,912$208,590,013
82$510,796,948$53,690,371$25,656,030$227,974,603
83$562,666,369$56,089,332$26,283,640$249,261,931
84$619,819,168$58,598,538$26,924,971$272,642,965
85$682,794,018$61,223,161$27,580,253$298,328,012
86$752,184,532$63,968,620$28,249,715$326,548,688
87$828,644,862$66,840,590$28,933,588$357,560,084
88$912,895,877$69,845,019$29,632,103$391,643,156
89$1,005,731,967$72,988,135$30,345,489$429,107,350
90$1,108,028,541$76,276,467$31,073,976$470,293,507
91$1,220,750,290$79,716,852$31,817,792$515,577,055
92$1,344,960,297$83,316,455$32,577,165$565,371,527
93$1,481,830,069$87,082,783$33,352,322$620,132,439
94$1,632,650,599$91,023,702$34,143,488$680,361,569
95$1,798,844,549$95,147,452$34,950,884$746,611,658
96$1,981,979,685$99,462,670$35,774,730$819,491,605
97$2,183,783,675$103,978,402$36,615,245$899,672,179
98$2,406,160,396$108,704,130$37,472,642$987,892,324
99$2,651,207,912$113,649,788$38,347,132$1,084,966,100
100$2,921,238,279$118,825,788$39,238,920$1,191,790,330