Can I retire at age 40 with 8,900,000?

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 $8,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$734,954$728,407$722,020$715,786$709,698$705,818
2 years$363,838$357,062$350,495$344,128$337,952$334,036
3 years$240,150$233,344$226,794$220,486$214,410$210,581
4 years$178,317$171,533$165,048$158,848$152,919$149,205
5 years$141,228$134,484$128,084$122,010$116,247$112,659
6 years$116,509$109,816$103,511$97,573$91,982$88,526
7 years$98,860$92,223$86,018$80,220$74,806$71,483
8 years$85,629$79,052$72,950$67,294$62,059$58,869
9 years$75,344$68,829$62,832$57,320$52,263$49,205
10 years$67,121$60,670$54,778$49,410$44,530$41,603
11 years$60,397$54,011$48,226$43,002$38,298$35,499
12 years$54,798$48,477$42,799$37,718$33,188$30,516
13 years$50,064$43,809$38,238$33,300$28,940$26,393
14 years$46,010$39,821$34,357$29,560$25,369$22,942
15 years$42,499$36,377$31,020$26,362$22,337$20,028
16 years$39,430$33,376$28,124$23,604$19,741$17,547
17 years$36,726$30,738$25,592$21,208$17,504$15,421
18 years$34,324$28,403$23,362$19,113$15,564$13,589
19 years$32,178$26,324$21,387$17,270$13,872$12,002
20 years$30,248$24,461$19,628$15,642$12,391$10,621
21 years$28,505$22,785$18,054$14,196$11,089$9,415
22 years$26,922$21,269$16,639$12,907$9,939$8,359
23 years$25,479$19,892$15,363$11,755$8,922$7,431
24 years$24,159$18,638$14,209$10,721$8,019$6,614
25 years$22,946$17,490$13,160$9,791$7,216$5,893
26 years$21,828$16,438$12,205$8,952$6,500$5,255
27 years$20,794$15,470$11,334$8,194$5,860$4,691
28 years$19,836$14,578$10,536$7,508$5,288$4,189
29 years$18,946$13,752$9,805$6,885$4,775$3,744
30 years$18,117$12,988$9,133$6,319$4,314$3,348
31 years$17,342$12,278$8,514$5,803$3,901$2,995
32 years$16,618$11,617$7,944$5,333$3,528$2,681
33 years$15,939$11,002$7,417$4,904$3,193$2,401
34 years$15,301$10,427$6,930$4,512$2,891$2,150
35 years$14,701$9,890$6,479$4,154$2,619$1,927
36 years$14,135$9,387$6,061$3,826$2,373$1,727
37 years$13,602$8,915$5,673$3,525$2,150$1,548
38 years$13,097$8,473$5,313$3,249$1,949$1,388
39 years$12,620$8,057$4,977$2,996$1,768$1,245
40 years$12,168$7,665$4,665$2,763$1,604$1,117
41 years$11,739$7,297$4,375$2,549$1,455$1,002
42 years$11,331$6,949$4,104$2,353$1,320$899
43 years$10,943$6,621$3,851$2,172$1,198$807
44 years$10,574$6,311$3,614$2,005$1,087$724
45 years$10,223$6,018$3,394$1,852$987$650
46 years$9,888$5,741$3,188$1,711$896$584
47 years$9,568$5,479$2,995$1,580$814$524
48 years$9,262$5,230$2,814$1,460$739$470
49 years$8,969$4,995$2,645$1,350$671$422
50 years$8,690$4,771$2,487$1,248$610$379

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $8,900,000, adding $6,253 every year, while hoping to spend $54,165 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: 40/50/10 Blend
39$8,900,000$8,900,000$8,900,000$8,900,000
40$9,814,250$9,342,550$9,204,600$10,177,141
41$10,757,672$9,742,704$9,455,323$10,833,194
42$11,795,508$10,160,650$9,712,630$11,536,602
43$12,937,331$10,597,202$9,976,684$12,296,308
44$14,193,688$11,053,215$10,247,652$13,117,426
45$15,576,201$11,529,579$10,525,705$14,005,565
46$17,097,676$12,027,230$10,811,018$14,966,877
47$18,772,221$12,547,147$11,103,769$16,008,113
48$20,615,382$13,090,352$11,404,141$17,136,684
49$22,644,291$13,657,919$11,712,319$18,360,721
50$24,877,822$14,250,970$12,028,495$19,689,153
51$27,336,773$14,870,681$12,352,863$21,131,785
52$30,044,062$15,518,282$12,685,621$22,699,385
53$33,024,940$16,195,062$13,026,974$24,403,782
54$36,307,234$16,902,371$13,377,128$26,257,969
55$39,921,606$17,641,620$13,736,295$28,276,227
56$43,901,841$18,414,291$14,104,692$30,474,247
57$48,285,169$19,221,931$14,482,540$32,869,274
58$53,112,615$20,066,164$14,870,063$35,480,268
59$58,429,384$20,948,689$15,267,493$38,328,070
60$64,285,291$21,871,285$15,675,065$41,435,596
61$70,735,229$22,835,816$16,093,017$44,828,044
62$77,839,684$23,844,233$16,521,595$48,533,129
63$85,665,312$24,898,581$16,961,049$52,581,327
64$94,285,563$26,001,000$17,411,633$57,006,167
65$103,781,374$27,153,733$17,873,606$61,844,528
66$114,241,937$28,359,128$18,347,234$67,136,986
67$125,765,535$29,619,646$18,832,787$72,928,182
68$138,460,474$30,937,863$19,330,540$79,267,238
69$152,446,102$32,316,479$19,840,774$86,208,207
70$167,853,939$33,758,320$20,363,774$93,810,577
71$184,828,913$35,266,350$20,899,832$102,139,814
72$203,530,730$36,843,670$21,449,245$111,267,978
73$224,135,386$38,493,530$22,012,315$121,274,381
74$246,836,818$40,219,336$22,589,351$132,246,330
75$271,848,745$42,024,655$23,180,665$144,279,936
76$299,406,677$43,913,223$23,786,578$157,481,006
77$329,770,143$45,888,956$24,407,413$171,966,026
78$363,225,138$47,955,955$25,043,502$187,863,249
79$400,086,823$50,118,519$25,695,181$205,313,888
80$440,702,502$52,381,148$26,362,792$224,473,431
81$485,454,894$54,748,562$27,046,682$245,513,092
82$534,765,753$57,225,701$27,747,207$268,621,409
83$589,099,846$59,817,747$28,464,724$294,006,004
84$648,969,338$62,530,123$29,199,599$321,895,526
85$714,938,629$65,368,518$29,952,204$352,541,782
86$787,629,681$68,338,888$30,722,916$386,222,098
87$867,727,892$71,447,477$31,512,117$423,241,911
88$955,988,559$74,700,826$32,320,195$463,937,628
89$1,053,244,016$78,105,790$33,147,546$508,679,780
90$1,160,411,485$81,669,553$33,994,568$557,876,486
91$1,278,501,739$85,399,643$34,861,668$611,977,286
92$1,408,628,639$89,303,948$35,749,256$671,477,351
93$1,552,019,654$93,390,735$36,657,750$736,922,130
94$1,710,027,445$97,668,668$37,587,572$808,912,462
95$1,884,142,638$102,146,826$38,539,149$888,110,224
96$2,076,007,891$106,834,725$39,512,914$975,244,534
97$2,287,433,405$111,742,335$40,509,305$1,071,118,605
98$2,520,414,011$116,880,109$41,528,766$1,176,617,287
99$2,777,148,005$122,258,999$42,571,745$1,292,715,382
100$3,060,057,897$127,890,485$43,638,694$1,420,486,799