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

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 $8,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$726,696$720,223$713,907$707,743$701,724$674,682
2 years$359,750$353,050$346,557$340,261$334,154$307,232
3 years$237,451$230,722$224,245$218,009$212,001$186,047
4 years$176,314$169,605$163,193$157,063$151,201$126,411
5 years$139,641$132,973$126,645$120,639$114,941$91,380
6 years$115,200$108,582$102,348$96,476$90,949$68,632
7 years$97,749$91,187$85,051$79,318$73,966$52,887
8 years$84,667$78,164$72,130$66,538$61,362$41,500
9 years$74,498$68,056$62,126$56,676$51,675$33,001
10 years$66,367$59,988$54,163$48,855$44,030$26,509
11 years$59,718$53,404$47,684$42,519$37,867$21,460
12 years$54,182$47,932$42,318$37,295$32,815$17,478
13 years$49,501$43,317$37,809$32,925$28,615$14,304
14 years$45,493$39,374$33,971$29,228$25,084$11,752
15 years$42,022$35,969$30,671$26,066$22,086$9,685
16 years$38,987$33,001$27,808$23,339$19,520$8,001
17 years$36,313$30,392$25,304$20,970$17,307$6,625
18 years$33,938$28,084$23,100$18,898$15,389$5,494
19 years$31,816$26,028$21,147$17,076$13,717$4,562
20 years$29,908$24,186$19,407$15,466$12,252$3,793
21 years$28,185$22,529$17,851$14,036$10,964$3,157
22 years$26,620$21,030$16,452$12,762$9,828$2,629
23 years$25,193$19,669$15,191$11,623$8,822$2,191
24 years$23,887$18,428$14,049$10,601$7,929$1,827
25 years$22,688$17,294$13,012$9,681$7,135$1,524
26 years$21,582$16,254$12,068$8,852$6,427$1,272
27 years$20,560$15,296$11,206$8,102$5,795$1,062
28 years$19,613$14,414$10,418$7,423$5,229$887
29 years$18,733$13,598$9,695$6,807$4,721$741
30 years$17,913$12,842$9,030$6,248$4,266$619
31 years$17,147$12,140$8,419$5,738$3,857$517
32 years$16,431$11,487$7,855$5,273$3,489$432
33 years$15,760$10,878$7,334$4,849$3,157$361
34 years$15,129$10,310$6,852$4,462$2,859$302
35 years$14,536$9,779$6,407$4,107$2,589$252
36 years$13,976$9,281$5,993$3,783$2,346$211
37 years$13,449$8,815$5,609$3,485$2,126$176
38 years$12,950$8,378$5,253$3,212$1,928$147
39 years$12,478$7,966$4,922$2,962$1,748$123
40 years$12,031$7,579$4,613$2,732$1,585$103
41 years$11,607$7,215$4,325$2,521$1,438$86
42 years$11,204$6,871$4,057$2,326$1,305$72
43 years$10,820$6,547$3,807$2,147$1,185$60
44 years$10,456$6,240$3,574$1,983$1,075$50
45 years$10,108$5,951$3,356$1,831$976$42
46 years$9,777$5,677$3,152$1,691$886$35
47 years$9,460$5,417$2,961$1,563$805$29
48 years$9,158$5,172$2,783$1,444$731$25
49 years$8,869$4,939$2,615$1,335$664$21
50 years$8,592$4,718$2,459$1,233$603$17

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 $5,074 every year, while hoping to spend $57,336 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: 69/18/13 Blend
39$8,800,000$8,800,000$8,800,000$8,800,000
40$9,702,834$9,236,434$9,100,034$10,344,062
41$10,631,518$9,628,014$9,343,880$11,162,449
42$11,653,006$10,036,860$9,593,973$12,050,129
43$12,776,704$10,463,757$9,850,462$13,019,799
44$14,012,974$10,909,528$10,113,499$14,079,516
45$15,373,235$11,375,032$10,383,239$15,238,144
46$16,870,066$11,861,171$10,659,839$16,505,442
47$18,517,331$12,368,886$10,943,462$17,892,150
48$20,330,302$12,899,165$11,234,271$19,410,089
49$22,325,809$13,453,039$11,532,435$21,072,274
50$24,522,394$14,031,591$11,838,124$22,893,033
51$26,940,491$14,635,952$12,151,514$24,888,138
52$29,602,613$15,267,305$12,472,782$27,074,958
53$32,533,569$15,926,892$12,802,109$29,472,614
54$35,760,694$16,616,011$13,139,681$32,102,162
55$39,314,109$17,336,021$13,485,685$34,986,788
56$43,227,007$18,088,344$13,840,314$38,152,025
57$47,535,961$18,874,472$14,203,764$41,625,990
58$52,281,271$19,695,963$14,576,232$45,439,650
59$57,507,347$20,554,452$14,957,922$49,627,108
60$63,263,125$21,451,648$15,349,041$54,225,924
61$69,602,528$22,389,343$15,749,798$59,277,468
62$76,584,976$23,369,412$16,160,407$64,827,305
63$84,275,949$24,393,818$16,581,086$70,925,623
64$92,747,599$25,464,619$17,012,055$77,627,705
65$102,079,435$26,583,966$17,453,541$84,994,446
66$112,359,074$27,754,117$17,905,771$93,092,923
67$123,683,064$28,977,433$18,368,978$101,997,027
68$136,157,796$30,256,387$18,843,398$111,788,157
69$149,900,511$31,593,570$19,329,272$122,555,980
70$165,040,404$32,991,695$19,826,843$134,399,280
71$181,719,842$34,453,605$20,336,359$147,426,879
72$200,095,710$35,982,276$20,858,072$161,758,667
73$220,340,891$37,580,826$21,392,236$177,526,724
74$242,645,896$39,252,521$21,939,110$194,876,561
75$267,220,664$41,000,781$22,498,956$213,968,495
76$294,296,542$42,829,189$23,072,042$234,979,149
77$324,128,470$44,741,500$23,658,636$258,103,120
78$356,997,385$46,741,645$24,259,011$283,554,807
79$393,212,876$48,833,743$24,873,446$311,570,430
80$433,116,102$51,022,110$25,502,219$342,410,253
81$477,083,016$53,311,264$26,145,615$376,361,035
82$525,527,911$55,705,944$26,803,920$413,738,729
83$578,907,332$58,211,109$27,477,426$454,891,460
84$637,724,384$60,831,957$28,166,424$500,202,800
85$702,533,483$63,573,936$28,871,211$550,095,384
86$773,945,589$66,442,749$29,592,087$605,034,892
87$852,633,971$69,444,375$30,329,354$665,534,435
88$939,340,565$72,585,078$31,083,316$732,159,389
89$1,034,882,975$75,871,420$31,854,280$805,532,727
90$1,140,162,197$79,310,278$32,642,556$886,340,887
91$1,256,171,115$82,908,856$33,448,456$975,340,243
92$1,384,003,883$86,674,704$34,272,294$1,073,364,234
93$1,524,866,248$90,615,733$35,114,384$1,181,331,224
94$1,680,086,934$94,740,233$35,975,045$1,300,253,157
95$1,851,130,186$99,056,889$36,854,594$1,431,245,099
96$2,039,609,593$103,574,805$37,753,351$1,575,535,753
97$2,247,303,320$108,303,518$38,671,636$1,734,479,044
98$2,476,170,894$113,253,026$39,609,771$1,909,566,891
99$2,728,371,703$118,433,802$40,568,076$2,102,443,270
100$3,006,285,383$123,856,824$41,546,873$2,314,919,726