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%14%
1 years$726,696$720,223$713,907$707,743$701,724$690,099
2 years$359,750$353,050$346,557$340,261$334,154$322,476
3 years$237,451$230,722$224,245$218,009$212,001$200,634
4 years$176,314$169,605$163,193$157,063$151,201$140,231
5 years$139,641$132,973$126,645$120,639$114,941$104,401
6 years$115,200$108,582$102,348$96,476$90,949$80,850
7 years$97,749$91,187$85,051$79,318$73,966$64,312
8 years$84,667$78,164$72,130$66,538$61,362$52,151
9 years$74,498$68,056$62,126$56,676$51,675$42,902
10 years$66,367$59,988$54,163$48,855$44,030$35,687
11 years$59,718$53,404$47,684$42,519$37,867$29,946
12 years$54,182$47,932$42,318$37,295$32,815$25,305
13 years$49,501$43,317$37,809$32,925$28,615$21,506
14 years$45,493$39,374$33,971$29,228$25,084$18,363
15 years$42,022$35,969$30,671$26,066$22,086$15,740
16 years$38,987$33,001$27,808$23,339$19,520$13,537
17 years$36,313$30,392$25,304$20,970$17,307$11,673
18 years$33,938$28,084$23,100$18,898$15,389$10,090
19 years$31,816$26,028$21,147$17,076$13,717$8,739
20 years$29,908$24,186$19,407$15,466$12,252$7,581
21 years$28,185$22,529$17,851$14,036$10,964$6,587
22 years$26,620$21,030$16,452$12,762$9,828$5,730
23 years$25,193$19,669$15,191$11,623$8,822$4,990
24 years$23,887$18,428$14,049$10,601$7,929$4,350
25 years$22,688$17,294$13,012$9,681$7,135$3,794
26 years$21,582$16,254$12,068$8,852$6,427$3,312
27 years$20,560$15,296$11,206$8,102$5,795$2,894
28 years$19,613$14,414$10,418$7,423$5,229$2,529
29 years$18,733$13,598$9,695$6,807$4,721$2,211
30 years$17,913$12,842$9,030$6,248$4,266$1,934
31 years$17,147$12,140$8,419$5,738$3,857$1,693
32 years$16,431$11,487$7,855$5,273$3,489$1,481
33 years$15,760$10,878$7,334$4,849$3,157$1,297
34 years$15,129$10,310$6,852$4,462$2,859$1,136
35 years$14,536$9,779$6,407$4,107$2,589$995
36 years$13,976$9,281$5,993$3,783$2,346$872
37 years$13,449$8,815$5,609$3,485$2,126$764
38 years$12,950$8,378$5,253$3,212$1,928$669
39 years$12,478$7,966$4,922$2,962$1,748$587
40 years$12,031$7,579$4,613$2,732$1,585$514
41 years$11,607$7,215$4,325$2,521$1,438$451
42 years$11,204$6,871$4,057$2,326$1,305$395
43 years$10,820$6,547$3,807$2,147$1,185$346
44 years$10,456$6,240$3,574$1,983$1,075$304
45 years$10,108$5,951$3,356$1,831$976$266
46 years$9,777$5,677$3,152$1,691$886$234
47 years$9,460$5,417$2,961$1,563$805$205
48 years$9,158$5,172$2,783$1,444$731$180
49 years$8,869$4,939$2,615$1,335$664$158
50 years$8,592$4,718$2,459$1,233$603$138

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 $2,326 every year, while hoping to spend $26,976 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: 40/49/11 Blend
39$8,800,000$8,800,000$8,800,000$8,800,000
40$9,699,999$9,233,599$9,097,199$10,055,973
41$10,660,697$9,657,343$9,373,253$10,730,771
42$11,718,482$10,100,947$9,657,651$11,457,452
43$12,883,228$10,565,354$9,950,643$12,242,955
44$14,165,816$11,051,556$10,252,489$13,092,614
45$15,578,236$11,560,589$10,563,454$14,012,277
46$17,133,699$12,093,541$10,883,813$15,008,358
47$18,846,764$12,651,552$11,213,848$16,087,892
48$20,733,473$13,235,816$11,553,850$17,258,599
49$22,811,502$13,847,586$11,904,119$18,528,947
50$25,100,331$14,488,174$12,264,964$19,908,234
51$27,621,426$15,158,956$12,636,701$21,406,664
52$30,398,440$15,861,373$13,019,659$23,035,442
53$33,457,437$16,596,937$13,414,174$24,806,873
54$36,827,141$17,367,231$13,820,594$26,734,471
55$40,539,201$18,173,918$14,239,275$28,833,082
56$44,628,495$19,018,735$14,670,587$31,119,017
57$49,133,458$19,903,510$15,114,908$33,610,199
58$54,096,442$20,830,153$15,572,628$36,326,324
59$59,564,119$21,800,670$16,044,151$39,289,041
60$65,587,918$22,817,162$16,529,889$42,522,148
61$72,224,515$23,881,833$17,030,270$46,051,809
62$79,536,364$24,996,991$17,545,733$49,906,790
63$87,592,288$26,165,058$18,076,729$54,118,724
64$96,468,127$27,388,571$18,623,725$58,722,400
65$106,247,456$28,670,192$19,187,200$63,756,079
66$117,022,374$30,012,708$19,767,649$69,261,848
67$128,894,370$31,419,045$20,365,579$75,286,006
68$141,975,285$32,892,267$20,981,515$81,879,485
69$156,388,364$34,435,588$21,615,996$89,098,327
70$172,269,423$36,052,378$22,269,577$97,004,194
71$189,768,127$37,746,168$22,942,831$105,664,939
72$209,049,407$39,520,661$23,636,347$115,155,233
73$230,295,013$41,379,739$24,350,731$125,557,258
74$253,705,231$43,327,473$25,086,607$136,961,462
75$279,500,775$45,368,130$25,844,619$149,467,403
76$307,924,870$47,506,184$26,625,430$163,184,669
77$339,245,545$49,746,326$27,429,720$178,233,897
78$373,758,168$52,093,473$28,258,193$194,747,893
79$411,788,230$54,552,782$29,111,571$212,872,865
80$453,694,421$57,129,659$29,990,600$232,769,788
81$499,872,012$59,829,773$30,896,045$254,615,899
82$550,756,591$62,659,066$31,828,697$278,606,349
83$606,828,173$65,623,770$32,789,368$304,956,025
84$668,615,731$68,730,419$33,778,896$333,901,551
85$736,702,188$71,985,862$34,798,142$365,703,499
86$811,729,925$75,397,283$35,847,993$400,648,825
87$894,406,841$78,972,213$36,929,364$439,053,545
88$985,513,037$82,718,550$38,043,196$481,265,695
89$1,085,908,180$86,644,573$39,190,457$527,668,582
90$1,196,539,623$90,758,965$40,372,145$578,684,374
91$1,318,451,339$95,070,829$41,589,287$634,778,054
92$1,452,793,788$99,589,712$42,842,941$696,461,770
93$1,600,834,770$104,325,623$44,134,195$764,299,638
94$1,763,971,396$109,289,059$45,464,170$838,913,028
95$1,943,743,280$114,491,024$46,834,021$920,986,388
96$2,141,847,070$119,943,060$48,244,937$1,011,273,670
97$2,360,152,470$125,657,268$49,698,140$1,110,605,399
98$2,600,719,885$131,646,337$51,194,891$1,219,896,467
99$2,865,819,880$137,923,575$52,736,487$1,340,154,727
100$3,157,954,612$144,502,934$54,324,263$1,472,490,454