Can I retire at age 40 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$718,438$712,038$705,795$699,701$693,750$669,668
2 years$355,662$349,038$342,619$336,395$330,357$306,344
3 years$234,753$228,100$221,697$215,531$209,592$186,402
4 years$174,310$167,678$161,339$155,278$149,483$127,294
5 years$138,054$131,462$125,205$119,269$113,635$92,504
6 years$113,891$107,348$101,185$95,380$89,915$69,860
7 years$96,638$90,151$84,085$78,417$73,125$54,142
8 years$83,705$77,276$71,311$65,782$60,664$42,737
9 years$73,651$67,283$61,420$56,032$51,088$34,195
10 years$65,612$59,306$53,547$48,300$43,530$27,642
11 years$59,040$52,797$47,142$42,035$37,437$22,523
12 years$53,566$47,388$41,837$36,871$32,442$18,467
13 years$48,939$42,825$37,379$32,551$28,290$15,217
14 years$44,976$38,926$33,585$28,895$24,799$12,589
15 years$41,544$35,560$30,323$25,770$21,835$10,449
16 years$38,544$32,626$27,492$23,074$19,298$8,696
17 years$35,900$30,047$25,017$20,732$17,111$7,253
18 years$33,553$27,765$22,837$18,683$15,214$6,060
19 years$31,454$25,732$20,906$16,882$13,561$5,071
20 years$29,569$23,911$19,187$15,290$12,113$4,249
21 years$27,864$22,273$17,648$13,877$10,839$3,563
22 years$26,317$20,791$16,265$12,617$9,716$2,991
23 years$24,907$19,445$15,018$11,491$8,722$2,512
24 years$23,616$18,219$13,889$10,480$7,839$2,112
25 years$22,430$17,097$12,864$9,571$7,054$1,776
26 years$21,337$16,069$11,931$8,751$6,354$1,494
27 years$20,327$15,123$11,079$8,010$5,729$1,257
28 years$19,390$14,250$10,299$7,339$5,169$1,058
29 years$18,520$13,443$9,584$6,730$4,668$891
30 years$17,709$12,696$8,928$6,177$4,217$751
31 years$16,953$12,002$8,323$5,673$3,813$632
32 years$16,244$11,356$7,765$5,213$3,449$533
33 years$15,580$10,754$7,251$4,794$3,121$449
34 years$14,957$10,193$6,775$4,411$2,826$378
35 years$14,370$9,668$6,334$4,061$2,560$319
36 years$13,818$9,176$5,925$3,740$2,319$269
37 years$13,296$8,715$5,546$3,446$2,102$226
38 years$12,803$8,282$5,193$3,176$1,906$191
39 years$12,336$7,876$4,866$2,928$1,728$161
40 years$11,894$7,493$4,561$2,701$1,567$136
41 years$11,475$7,133$4,276$2,492$1,422$114
42 years$11,076$6,793$4,011$2,300$1,290$96
43 years$10,697$6,472$3,764$2,123$1,171$81
44 years$10,337$6,169$3,533$1,960$1,063$69
45 years$9,993$5,883$3,318$1,810$965$58
46 years$9,665$5,612$3,116$1,672$876$49
47 years$9,353$5,356$2,927$1,545$796$41
48 years$9,054$5,113$2,751$1,428$723$35
49 years$8,768$4,883$2,586$1,319$656$29
50 years$8,494$4,664$2,431$1,219$596$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $8,700,000, adding $4,665 every year, while hoping to spend $20,330 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: 62/21/17 Blend
39$8,700,000$8,700,000$8,700,000$8,700,000
40$9,592,212$9,131,112$8,996,262$10,145,493
41$10,548,987$9,556,905$9,276,006$10,944,242
42$11,602,671$10,002,882$9,564,440$11,813,136
43$12,763,128$10,470,008$9,861,833$12,761,216
44$14,041,227$10,959,298$10,168,464$13,796,181
45$15,448,944$11,471,815$10,484,620$14,926,498
46$16,999,477$12,008,675$10,810,595$16,161,483
47$18,707,369$12,571,045$11,146,695$17,511,381
48$20,588,645$13,160,150$11,493,234$18,987,468
49$22,660,964$13,777,276$11,850,535$20,602,149
50$24,943,787$14,423,766$12,218,932$22,369,075
51$27,458,557$15,101,035$12,598,770$24,303,269
52$30,228,904$15,810,560$12,990,403$26,421,264
53$33,280,869$16,553,893$13,394,198$28,741,258
54$36,643,145$17,332,662$13,810,531$31,283,280
55$40,347,353$18,148,570$14,239,792$34,069,380
56$44,428,339$19,003,406$14,682,381$37,123,829
57$48,924,501$19,899,044$15,138,712$40,473,347
58$53,878,152$20,837,449$15,609,210$44,147,354
59$59,335,921$21,820,681$16,094,316$48,178,238
60$65,349,191$22,850,901$16,594,482$52,601,663
61$71,974,587$23,930,373$17,110,176$57,456,898
62$79,274,506$25,061,473$17,641,878$62,787,182
63$87,317,710$26,246,690$18,190,085$68,640,133
64$96,179,973$27,488,634$18,755,309$75,068,187
65$105,944,796$28,790,043$19,338,078$82,129,092
66$116,704,197$30,153,786$19,938,935$89,886,445
67$128,559,577$31,582,874$20,558,442$98,410,290
68$141,622,679$33,080,460$21,197,175$107,777,771
69$156,016,644$34,649,855$21,855,732$118,073,855
70$171,877,170$36,294,525$22,534,727$129,392,130
71$189,353,794$38,018,110$23,234,794$141,835,678
72$208,611,307$39,824,423$23,956,585$155,518,046
73$229,831,303$41,717,463$24,700,773$170,564,305
74$253,213,901$43,701,424$25,468,054$187,112,231
75$278,979,628$45,780,702$26,259,143$205,313,591
76$307,371,503$47,959,910$27,074,777$225,335,571
77$338,657,332$50,243,881$27,915,718$247,362,346
78$373,132,234$52,637,685$28,782,749$271,596,807
79$411,121,430$55,146,640$29,676,679$298,262,472
80$452,983,309$57,776,319$30,598,341$327,605,581
81$499,112,816$60,532,568$31,548,595$359,897,416
82$549,945,177$63,421,518$32,528,327$395,436,845
83$605,960,009$66,449,596$33,538,450$434,553,140
84$667,685,847$69,623,543$34,579,905$477,609,068
85$735,705,135$72,950,428$35,653,663$525,004,304
86$810,659,723$76,437,663$36,760,725$577,179,197
87$893,256,928$80,093,022$37,902,123$634,618,906
88$984,276,211$83,924,656$39,078,920$697,857,973
89$1,084,576,533$87,941,113$40,292,212$767,485,352
90$1,195,104,468$92,151,356$41,543,130$844,149,952
91$1,316,903,139$96,564,787$42,832,840$928,566,753
92$1,451,122,061$101,191,264$44,162,542$1,021,523,533
93$1,599,028,000$106,041,125$45,533,476$1,123,888,291
94$1,762,016,926$111,125,210$46,946,918$1,236,617,423
95$1,941,627,197$116,454,890$48,404,184$1,360,764,734
96$2,139,554,079$122,042,087$49,906,632$1,497,491,361
97$2,357,665,751$127,899,306$51,455,660$1,648,076,720
98$2,598,020,944$134,039,659$53,052,712$1,813,930,561
99$2,862,888,376$140,476,897$54,699,273$1,996,606,253
100$3,154,768,168$147,225,443$56,396,876$2,197,815,427