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%14.6%
1 years$710,180$703,854$697,682$691,658$685,776$672,755
2 years$351,574$345,026$338,681$332,528$326,560$313,493
3 years$232,055$225,479$219,149$213,054$207,183$194,476
4 years$172,307$165,751$159,484$153,493$147,765$135,517
5 years$136,467$129,951$123,766$117,898$112,328$100,574
6 years$112,582$106,114$100,022$94,284$88,882$77,633
7 years$95,528$89,115$83,118$77,516$72,285$61,546
8 years$82,743$76,388$70,491$65,026$59,967$49,735
9 years$72,804$66,509$60,714$55,388$50,501$40,768
10 years$64,858$58,625$52,932$47,745$43,029$33,788
11 years$58,361$52,190$46,600$41,552$37,007$28,245
12 years$52,951$46,843$41,357$36,447$32,069$23,776
13 years$48,376$42,332$36,949$32,177$27,965$20,126
14 years$44,459$38,479$33,199$28,563$24,514$17,115
15 years$41,066$35,151$29,974$25,473$21,584$14,611
16 years$38,101$32,251$27,176$22,809$19,076$12,512
17 years$35,488$29,702$24,729$20,493$16,914$10,744
18 years$33,167$27,446$22,575$18,469$15,039$9,246
19 years$31,093$25,436$20,666$16,688$13,405$7,973
20 years$29,229$23,637$18,966$15,114$11,973$6,886
21 years$27,544$22,017$17,445$13,717$10,715$5,955
22 years$26,015$20,552$16,078$12,472$9,604$5,157
23 years$24,621$19,222$14,846$11,359$8,621$4,470
24 years$23,344$18,009$13,730$10,360$7,749$3,878
25 years$22,172$16,901$12,716$9,461$6,973$3,367
26 years$21,092$15,884$11,794$8,651$6,281$2,925
27 years$20,093$14,949$10,952$7,918$5,663$2,543
28 years$19,168$14,086$10,181$7,255$5,110$2,212
29 years$18,307$13,289$9,474$6,653$4,614$1,924
30 years$17,506$12,550$8,825$6,106$4,169$1,675
31 years$16,758$11,864$8,227$5,607$3,769$1,458
32 years$16,058$11,225$7,676$5,153$3,409$1,270
33 years$15,401$10,631$7,167$4,739$3,086$1,107
34 years$14,785$10,076$6,697$4,360$2,794$964
35 years$14,205$9,556$6,261$4,014$2,530$840
36 years$13,659$9,070$5,857$3,697$2,293$732
37 years$13,143$8,615$5,482$3,406$2,078$639
38 years$12,656$8,187$5,134$3,139$1,884$557
39 years$12,195$7,785$4,810$2,895$1,708$485
40 years$11,758$7,407$4,508$2,670$1,549$423
41 years$11,343$7,051$4,227$2,463$1,406$369
42 years$10,949$6,715$3,965$2,273$1,276$322
43 years$10,575$6,398$3,721$2,099$1,158$281
44 years$10,218$6,099$3,493$1,938$1,051$245
45 years$9,878$5,816$3,279$1,790$954$214
46 years$9,554$5,548$3,080$1,653$866$186
47 years$9,245$5,294$2,894$1,527$786$163
48 years$8,950$5,054$2,719$1,411$714$142
49 years$8,667$4,826$2,556$1,304$649$124
50 years$8,397$4,610$2,403$1,205$589$108

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 $5,411 every year, while hoping to spend $58,324 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: 40/35/25 Blend
39$8,600,000$8,600,000$8,600,000$8,600,000
40$9,482,781$9,026,981$8,893,681$9,791,801
41$10,387,969$9,407,247$9,129,563$10,395,854
42$11,383,531$9,804,191$9,371,393$11,043,048
43$12,478,623$10,218,569$9,619,307$11,742,093
44$13,683,336$10,651,172$9,873,447$12,497,761
45$15,008,783$11,102,827$10,133,954$13,315,294
46$16,467,214$11,574,400$10,400,976$14,200,447
47$18,072,121$12,066,797$10,674,661$15,159,539
48$19,838,375$12,580,967$10,955,159$16,199,511
49$21,782,357$13,117,903$11,242,625$17,327,989
50$23,922,121$13,678,643$11,537,216$18,553,354
51$26,277,556$14,264,276$11,839,092$19,884,814
52$28,870,580$14,875,939$12,148,415$21,332,489
53$31,725,343$15,514,824$12,465,351$22,907,506
54$34,868,456$16,182,178$12,790,068$24,622,096
55$38,329,241$16,879,307$13,122,738$26,489,708
56$42,140,008$17,607,578$13,463,534$28,525,132
57$46,336,361$18,368,421$13,812,634$30,744,634
58$50,957,531$19,163,335$14,170,219$33,166,102
59$56,046,749$19,993,888$14,536,471$35,809,216
60$61,651,651$20,861,721$14,911,576$38,695,626
61$67,824,728$21,768,555$15,295,723$41,849,151
62$74,623,825$22,716,189$15,689,104$45,295,998
63$82,112,681$23,706,507$16,091,914$49,065,005
64$90,361,532$24,741,484$16,504,351$53,187,911
65$99,447,777$25,823,186$16,926,616$57,699,641
66$109,456,704$26,953,776$17,358,911$62,638,640
67$120,482,297$28,135,520$17,801,444$68,047,219
68$132,628,122$29,370,791$18,254,424$73,971,958
69$146,008,306$30,662,075$18,718,062$80,464,130
70$160,748,610$32,011,973$19,192,573$87,580,182
71$176,987,619$33,423,212$19,678,176$95,382,260
72$194,878,051$34,898,644$20,175,090$103,938,786
73$214,588,195$36,441,260$20,683,538$113,325,098
74$236,303,500$38,054,190$21,203,745$123,624,150
75$260,228,325$39,740,714$21,735,939$134,927,287
76$286,587,872$41,504,267$22,280,351$147,335,098
77$315,630,305$43,348,446$22,837,213$160,958,356
78$347,629,096$45,277,020$23,406,759$175,919,051
79$382,885,606$47,293,935$23,989,227$192,351,535
80$421,731,927$49,403,327$24,584,855$210,403,773
81$464,534,020$51,609,527$25,193,885$230,238,735
82$511,695,168$53,917,072$25,816,558$252,035,916
83$563,659,782$56,330,715$26,453,120$275,993,020
84$620,917,595$58,855,436$27,103,814$302,327,816
85$684,008,287$61,496,450$27,768,890$331,280,172
86$753,526,578$64,259,222$28,448,593$363,114,312
87$830,127,843$67,149,477$29,143,175$398,121,293
88$914,534,295$70,173,214$29,852,884$436,621,733
89$1,007,541,809$73,336,717$30,577,971$478,968,826
90$1,110,027,426$76,646,569$31,318,686$525,551,655
91$1,222,957,642$80,109,669$32,075,280$576,798,849
92$1,347,397,523$83,733,244$32,848,003$633,182,608
93$1,484,520,766$87,524,868$33,637,107$695,223,144
94$1,635,620,773$91,492,476$34,442,839$763,493,565
95$1,802,122,866$95,644,382$35,265,448$838,625,273
96$1,985,597,739$99,989,297$36,105,181$921,313,890
97$2,187,776,286$104,536,350$36,962,283$1,012,325,812
98$2,410,565,944$109,295,109$37,836,996$1,112,505,412
99$2,656,068,696$114,275,595$38,729,561$1,222,782,987
100$2,926,600,918$119,488,313$39,640,216$1,344,183,513