Can I retire at age 40 with 8,800,000?

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 $8,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$726,696$720,223$713,907$707,743$701,724$682,822
2 years$359,750$353,050$346,557$340,261$334,154$315,246
3 years$237,451$230,722$224,245$218,009$212,001$193,678
4 years$176,314$169,605$163,193$157,063$151,201$133,604
5 years$139,641$132,973$126,645$120,639$114,941$98,118
6 years$115,200$108,582$102,348$96,476$90,949$74,917
7 years$97,749$91,187$85,051$79,318$73,966$58,725
8 years$84,667$78,164$72,130$66,538$61,362$46,905
9 years$74,498$68,056$62,126$56,676$51,675$37,989
10 years$66,367$59,988$54,163$48,855$44,030$31,097
11 years$59,718$53,404$47,684$42,519$37,867$25,667
12 years$54,182$47,932$42,318$37,295$32,815$21,326
13 years$49,501$43,317$37,809$32,925$28,615$17,812
14 years$45,493$39,374$33,971$29,228$25,084$14,942
15 years$42,022$35,969$30,671$26,066$22,086$12,579
16 years$38,987$33,001$27,808$23,339$19,520$10,620
17 years$36,313$30,392$25,304$20,970$17,307$8,988
18 years$33,938$28,084$23,100$18,898$15,389$7,623
19 years$31,816$26,028$21,147$17,076$13,717$6,475
20 years$29,908$24,186$19,407$15,466$12,252$5,509
21 years$28,185$22,529$17,851$14,036$10,964$4,692
22 years$26,620$21,030$16,452$12,762$9,828$4,000
23 years$25,193$19,669$15,191$11,623$8,822$3,414
24 years$23,887$18,428$14,049$10,601$7,929$2,915
25 years$22,688$17,294$13,012$9,681$7,135$2,491
26 years$21,582$16,254$12,068$8,852$6,427$2,130
27 years$20,560$15,296$11,206$8,102$5,795$1,822
28 years$19,613$14,414$10,418$7,423$5,229$1,559
29 years$18,733$13,598$9,695$6,807$4,721$1,334
30 years$17,913$12,842$9,030$6,248$4,266$1,142
31 years$17,147$12,140$8,419$5,738$3,857$978
32 years$16,431$11,487$7,855$5,273$3,489$838
33 years$15,760$10,878$7,334$4,849$3,157$718
34 years$15,129$10,310$6,852$4,462$2,859$615
35 years$14,536$9,779$6,407$4,107$2,589$527
36 years$13,976$9,281$5,993$3,783$2,346$452
37 years$13,449$8,815$5,609$3,485$2,126$387
38 years$12,950$8,378$5,253$3,212$1,928$332
39 years$12,478$7,966$4,922$2,962$1,748$285
40 years$12,031$7,579$4,613$2,732$1,585$244
41 years$11,607$7,215$4,325$2,521$1,438$209
42 years$11,204$6,871$4,057$2,326$1,305$179
43 years$10,820$6,547$3,807$2,147$1,185$154
44 years$10,456$6,240$3,574$1,983$1,075$132
45 years$10,108$5,951$3,356$1,831$976$113
46 years$9,777$5,677$3,152$1,691$886$97
47 years$9,460$5,417$2,961$1,563$805$83
48 years$9,158$5,172$2,783$1,444$731$71
49 years$8,869$4,939$2,615$1,335$664$61
50 years$8,592$4,718$2,459$1,233$603$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $8,800,000, adding $4,004 every year, while hoping to spend $21,924 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: 72/23/5 Blend
39$8,800,000$8,800,000$8,800,000$8,800,000
40$9,701,730$9,235,330$9,098,930$10,395,779
41$10,667,980$9,664,534$9,380,417$11,282,912
42$11,732,052$10,114,035$9,670,600$12,250,699
43$12,903,901$10,584,803$9,969,745$13,309,597
44$14,194,498$11,077,857$10,278,130$14,468,571
45$15,615,929$11,594,264$10,596,039$15,737,482
46$17,181,513$12,135,143$10,923,767$17,127,185
47$18,905,930$12,701,667$11,261,615$18,649,623
48$20,805,352$13,295,065$11,609,896$20,317,944
49$22,897,602$13,916,628$11,968,932$22,146,615
50$25,202,319$14,567,705$12,339,053$24,151,563
51$27,741,147$15,249,713$12,720,602$26,350,319
52$30,537,933$15,964,138$13,113,932$28,762,182
53$33,618,958$16,712,536$13,519,404$31,408,398
54$37,013,181$17,496,540$13,937,393$34,312,359
55$40,752,515$18,317,860$14,368,285$37,499,817
56$44,872,126$19,178,291$14,812,478$40,999,130
57$49,410,769$20,079,712$15,270,382$44,841,519
58$54,411,145$21,024,096$15,742,418$49,061,366
59$59,920,316$22,013,510$16,229,022$53,696,531
60$65,990,137$23,050,122$16,730,644$58,788,706
61$72,677,756$24,136,202$17,247,745$64,383,804
62$80,046,145$25,274,135$17,780,803$70,532,392
63$88,164,701$26,466,416$18,330,308$77,290,158
64$97,109,896$27,715,666$18,896,769$84,718,437
65$106,966,001$29,024,629$19,480,706$92,884,783
66$117,825,881$30,396,185$20,082,659$101,863,602
67$129,791,875$31,833,351$20,703,181$111,736,848
68$142,976,754$33,339,293$21,342,846$122,594,794
69$157,504,792$34,917,328$22,002,241$134,536,874
70$173,512,940$36,570,936$22,681,975$147,672,621
71$191,152,113$38,303,765$23,382,674$162,122,691
72$210,588,618$40,119,639$24,104,983$178,019,993
73$232,005,724$42,022,569$24,849,567$195,510,945
74$255,605,394$44,016,760$25,617,113$214,756,839
75$281,610,184$46,106,622$26,408,327$235,935,364
76$310,265,354$48,296,777$27,223,937$259,242,270
77$341,841,176$50,592,075$28,064,695$284,893,210
78$376,635,487$52,997,598$28,931,374$313,125,769
79$414,976,504$55,518,677$29,824,771$344,201,692
80$457,225,916$58,160,901$30,745,710$378,409,350
81$503,782,305$60,930,131$31,695,037$416,066,453
82$555,084,905$63,832,512$32,673,625$457,523,034
83$611,617,750$66,874,490$33,682,376$503,164,746
84$673,914,242$70,062,821$34,722,217$553,416,490
85$742,562,187$73,404,592$35,794,104$608,746,416
86$818,209,347$76,907,234$36,899,024$669,670,326
87$901,569,550$80,578,539$38,037,991$736,756,534
88$993,429,434$84,426,677$39,212,053$810,631,214
89$1,094,655,870$88,460,217$40,422,290$891,984,301
90$1,206,204,146$92,688,145$41,669,814$981,575,984
91$1,329,126,987$97,119,882$42,955,771$1,080,243,871
92$1,464,584,494$101,765,310$44,281,344$1,188,910,875
93$1,613,855,092$106,634,791$45,647,749$1,308,593,917
94$1,778,347,606$111,739,190$47,056,243$1,440,413,498
95$1,959,614,554$117,089,903$48,508,119$1,585,604,265
96$2,159,366,809$122,698,878$50,004,711$1,745,526,647
97$2,379,489,748$128,578,648$51,547,394$1,921,679,671
98$2,622,061,054$134,742,353$53,137,583$2,115,715,099
99$2,889,370,328$141,203,775$54,776,739$2,329,452,992
100$3,183,940,709$147,977,368$56,466,367$2,564,898,875