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%15.8%
1 years$710,180$703,854$697,682$691,658$685,776$669,470
2 years$351,574$345,026$338,681$332,528$326,560$310,227
3 years$232,055$225,479$219,149$213,054$207,183$191,334
4 years$172,307$165,751$159,484$153,493$147,765$132,521
5 years$136,467$129,951$123,766$117,898$112,328$97,733
6 years$112,582$106,114$100,022$94,284$88,882$74,949
7 years$95,528$89,115$83,118$77,516$72,285$59,017
8 years$82,743$76,388$70,491$65,026$59,967$47,360
9 years$72,804$66,509$60,714$55,388$50,501$38,543
10 years$64,858$58,625$52,932$47,745$43,029$31,708
11 years$58,361$52,190$46,600$41,552$37,007$26,306
12 years$52,951$46,843$41,357$36,447$32,069$21,971
13 years$48,376$42,332$36,949$32,177$27,965$18,450
14 years$44,459$38,479$33,199$28,563$24,514$15,563
15 years$41,066$35,151$29,974$25,473$21,584$13,175
16 years$38,101$32,251$27,176$22,809$19,076$11,187
17 years$35,488$29,702$24,729$20,493$16,914$9,523
18 years$33,167$27,446$22,575$18,469$15,039$8,124
19 years$31,093$25,436$20,666$16,688$13,405$6,943
20 years$29,229$23,637$18,966$15,114$11,973$5,942
21 years$27,544$22,017$17,445$13,717$10,715$5,092
22 years$26,015$20,552$16,078$12,472$9,604$4,369
23 years$24,621$19,222$14,846$11,359$8,621$3,752
24 years$23,344$18,009$13,730$10,360$7,749$3,224
25 years$22,172$16,901$12,716$9,461$6,973$2,773
26 years$21,092$15,884$11,794$8,651$6,281$2,386
27 years$20,093$14,949$10,952$7,918$5,663$2,054
28 years$19,168$14,086$10,181$7,255$5,110$1,769
29 years$18,307$13,289$9,474$6,653$4,614$1,524
30 years$17,506$12,550$8,825$6,106$4,169$1,314
31 years$16,758$11,864$8,227$5,607$3,769$1,133
32 years$16,058$11,225$7,676$5,153$3,409$977
33 years$15,401$10,631$7,167$4,739$3,086$842
34 years$14,785$10,076$6,697$4,360$2,794$727
35 years$14,205$9,556$6,261$4,014$2,530$627
36 years$13,659$9,070$5,857$3,697$2,293$541
37 years$13,143$8,615$5,482$3,406$2,078$467
38 years$12,656$8,187$5,134$3,139$1,884$403
39 years$12,195$7,785$4,810$2,895$1,708$348
40 years$11,758$7,407$4,508$2,670$1,549$300
41 years$11,343$7,051$4,227$2,463$1,406$259
42 years$10,949$6,715$3,965$2,273$1,276$224
43 years$10,575$6,398$3,721$2,099$1,158$193
44 years$10,218$6,099$3,493$1,938$1,051$167
45 years$9,878$5,816$3,279$1,790$954$144
46 years$9,554$5,548$3,080$1,653$866$124
47 years$9,245$5,294$2,894$1,527$786$107
48 years$8,950$5,054$2,719$1,411$714$93
49 years$8,667$4,826$2,556$1,304$649$80
50 years$8,397$4,610$2,403$1,205$589$69

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 $2,950 every year, while hoping to spend $39,094 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: 79/13/8 Blend
39$8,600,000$8,600,000$8,600,000$8,600,000
40$9,480,243$9,024,443$8,891,143$10,218,820
41$10,405,632$9,425,045$9,147,400$11,104,264
42$11,424,100$9,843,966$9,410,932$12,069,957
43$12,545,101$10,282,063$9,681,941$13,128,149
44$13,779,050$10,740,232$9,960,635$14,288,048
45$15,137,423$11,219,414$10,247,226$15,559,791
46$16,632,868$11,720,592$10,541,935$16,954,540
47$18,279,317$12,244,798$10,844,987$18,484,585
48$20,092,126$12,793,112$11,156,613$20,163,461
49$22,088,214$13,366,666$11,477,050$22,006,070
50$24,286,223$13,966,644$11,806,543$24,028,825
51$26,706,697$14,594,289$12,145,341$26,249,800
52$29,372,273$15,250,902$12,493,703$28,688,902
53$32,307,894$15,937,845$12,851,892$31,368,054
54$35,541,048$16,656,548$13,220,179$34,311,403
55$39,102,023$17,408,507$13,598,843$37,545,545
56$43,024,195$18,195,289$13,988,169$41,099,773
57$47,344,341$19,018,537$14,388,451$45,006,355
58$52,102,990$19,879,972$14,799,991$49,300,833
59$57,344,802$20,781,397$15,223,097$54,022,358
60$63,118,989$21,724,702$15,658,088$59,214,058
61$69,479,780$22,711,867$16,105,289$64,923,442
62$76,486,936$23,744,967$16,565,034$71,202,846
63$84,206,309$24,826,176$17,037,668$78,109,925
64$92,710,466$25,957,772$17,523,543$85,708,194
65$102,079,372$27,142,142$18,023,021$94,067,625
66$112,401,149$28,381,788$18,536,473$103,265,308
67$123,772,903$29,679,331$19,064,281$113,386,169
68$136,301,640$31,037,520$19,606,835$124,523,775
69$150,105,281$32,459,232$20,164,539$136,781,210
70$165,313,772$33,947,486$20,737,802$150,272,048
71$182,070,307$35,505,444$21,327,049$165,121,419
72$200,532,687$37,136,419$21,932,714$181,467,188
73$220,874,803$38,843,885$22,555,242$199,461,252
74$243,288,279$40,631,482$23,195,089$219,270,970
75$267,984,284$42,503,026$23,852,725$241,080,741
76$295,195,521$44,462,513$24,528,631$265,093,735
77$325,178,424$46,514,136$25,223,300$291,533,814
78$358,215,581$48,662,287$25,937,238$320,647,633
79$394,618,400$50,911,569$26,670,966$352,706,968
80$434,730,050$53,266,809$27,425,016$388,011,279
81$478,928,695$55,733,063$28,199,934$426,890,522
82$527,631,072$58,315,633$28,996,282$469,708,271
83$581,296,419$61,020,076$29,814,635$516,865,134
84$640,430,810$63,852,217$30,655,582$568,802,533
85$705,591,938$66,818,160$31,519,729$626,006,866
86$777,394,372$69,924,306$32,407,696$689,014,091
87$856,515,364$73,177,363$33,320,120$758,414,777
88$943,701,240$76,584,363$34,257,653$834,859,674
89$1,039,774,447$80,152,677$35,220,965$919,065,848
90$1,145,641,314$83,890,033$36,210,741$1,011,823,444
91$1,262,300,614$87,804,530$37,227,686$1,114,003,135
92$1,390,852,984$91,904,659$38,272,522$1,226,564,333
93$1,532,511,324$96,199,323$39,345,987$1,350,564,239
94$1,688,612,241$100,697,853$40,448,840$1,487,167,813
95$1,860,628,672$105,410,030$41,581,858$1,637,658,763
96$2,050,183,786$110,346,110$42,745,840$1,803,451,652
97$2,259,066,307$115,516,845$43,941,600$1,986,105,242
98$2,489,247,405$120,933,504$45,169,978$2,187,337,201
99$2,742,899,299$126,607,905$46,431,831$2,409,040,303
100$3,022,415,768$132,552,433$47,728,038$2,653,300,287