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%17.4%
1 years$734,954$728,407$722,020$715,786$709,698$688,359
2 years$363,838$357,062$350,495$344,128$337,952$316,633
3 years$240,150$233,344$226,794$220,486$214,410$193,780
4 years$178,317$171,533$165,048$158,848$152,919$133,135
5 years$141,228$134,484$128,084$122,010$116,247$97,363
6 years$116,509$109,816$103,511$97,573$91,982$74,016
7 years$98,860$92,223$86,018$80,220$74,806$57,756
8 years$85,629$79,052$72,950$67,294$62,059$45,914
9 years$75,344$68,829$62,832$57,320$52,263$37,007
10 years$67,121$60,670$54,778$49,410$44,530$30,142
11 years$60,397$54,011$48,226$43,002$38,298$24,751
12 years$54,798$48,477$42,799$37,718$33,188$20,456
13 years$50,064$43,809$38,238$33,300$28,940$16,994
14 years$46,010$39,821$34,357$29,560$25,369$14,177
15 years$42,499$36,377$31,020$26,362$22,337$11,868
16 years$39,430$33,376$28,124$23,604$19,741$9,963
17 years$36,726$30,738$25,592$21,208$17,504$8,383
18 years$34,324$28,403$23,362$19,113$15,564$7,067
19 years$32,178$26,324$21,387$17,270$13,872$5,967
20 years$30,248$24,461$19,628$15,642$12,391$5,046
21 years$28,505$22,785$18,054$14,196$11,089$4,271
22 years$26,922$21,269$16,639$12,907$9,939$3,619
23 years$25,479$19,892$15,363$11,755$8,922$3,069
24 years$24,159$18,638$14,209$10,721$8,019$2,604
25 years$22,946$17,490$13,160$9,791$7,216$2,211
26 years$21,828$16,438$12,205$8,952$6,500$1,878
27 years$20,794$15,470$11,334$8,194$5,860$1,596
28 years$19,836$14,578$10,536$7,508$5,288$1,357
29 years$18,946$13,752$9,805$6,885$4,775$1,154
30 years$18,117$12,988$9,133$6,319$4,314$981
31 years$17,342$12,278$8,514$5,803$3,901$835
32 years$16,618$11,617$7,944$5,333$3,528$710
33 years$15,939$11,002$7,417$4,904$3,193$605
34 years$15,301$10,427$6,930$4,512$2,891$515
35 years$14,701$9,890$6,479$4,154$2,619$438
36 years$14,135$9,387$6,061$3,826$2,373$373
37 years$13,602$8,915$5,673$3,525$2,150$318
38 years$13,097$8,473$5,313$3,249$1,949$270
39 years$12,620$8,057$4,977$2,996$1,768$230
40 years$12,168$7,665$4,665$2,763$1,604$196
41 years$11,739$7,297$4,375$2,549$1,455$167
42 years$11,331$6,949$4,104$2,353$1,320$142
43 years$10,943$6,621$3,851$2,172$1,198$121
44 years$10,574$6,311$3,614$2,005$1,087$103
45 years$10,223$6,018$3,394$1,852$987$88
46 years$9,888$5,741$3,188$1,711$896$75
47 years$9,568$5,479$2,995$1,580$814$64
48 years$9,262$5,230$2,814$1,460$739$54
49 years$8,969$4,995$2,645$1,350$671$46
50 years$8,690$4,771$2,487$1,248$610$39

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 $2,333 every year, while hoping to spend $49,825 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: 63/16/21 Blend
39$8,900,000$8,900,000$8,900,000$8,900,000
40$9,810,206$9,338,506$9,200,556$10,374,861
41$10,757,834$9,743,080$9,455,762$11,160,439
42$11,800,450$10,165,807$9,717,846$12,012,250
43$12,947,690$10,607,526$9,986,988$12,941,420
44$14,210,172$11,069,112$10,263,370$13,955,508
45$15,599,594$11,551,483$10,547,177$15,062,831
46$17,128,846$12,055,600$10,838,602$16,272,540
47$18,812,133$12,582,469$11,137,839$17,594,707
48$20,665,103$13,133,142$11,445,089$19,040,418
49$22,705,001$13,708,724$11,760,558$20,621,876
50$24,950,829$14,310,369$12,084,454$22,352,510
51$27,423,524$14,939,287$12,416,993$24,247,108
52$30,146,156$15,596,745$12,758,395$26,321,947
53$33,144,148$16,284,070$13,108,886$28,594,948
54$36,445,512$17,002,650$13,468,694$31,085,843
55$40,081,116$17,753,942$13,838,058$33,816,357
56$44,084,974$18,539,469$14,217,217$36,810,413
57$48,494,567$19,360,829$14,606,419$40,094,354
58$53,351,195$20,219,691$15,005,916$43,697,190
59$58,700,369$21,117,809$15,415,967$47,650,867
60$64,592,242$22,057,016$15,836,836$51,990,569
61$71,082,074$23,039,234$16,268,794$56,755,045
62$78,230,765$24,066,476$16,712,118$61,986,969
63$86,105,419$25,140,849$17,167,090$67,733,348
64$94,779,984$26,264,563$17,634,000$74,045,953
65$104,335,947$27,439,931$18,113,143$80,981,809
66$114,863,102$28,669,376$18,604,822$88,603,733
67$126,460,402$29,955,439$19,109,347$96,980,913
68$139,236,886$31,300,778$19,627,033$106,189,568
69$153,312,713$32,708,181$20,158,203$116,313,658
70$168,820,295$34,180,567$20,703,189$127,445,673
71$185,905,545$35,720,996$21,262,326$139,687,502
72$204,729,257$37,332,670$21,835,960$153,151,389
73$225,468,620$39,018,950$22,424,443$167,960,992
74$248,318,892$40,783,352$23,028,135$184,252,538
75$273,495,246$42,629,562$23,647,404$202,176,112
76$301,234,794$44,561,444$24,282,625$221,897,062
77$331,798,831$46,583,043$24,934,181$243,597,557
78$365,475,300$48,698,600$25,602,464$267,478,302
79$402,581,508$50,912,559$26,287,874$293,760,423
80$443,467,122$53,229,575$26,990,818$322,687,551
81$488,517,472$55,654,527$27,711,714$354,528,113
82$538,157,183$58,192,528$28,450,986$389,577,862
83$592,854,189$60,848,935$29,209,067$428,162,658
84$653,124,147$63,629,363$29,986,401$470,641,541
85$719,535,303$66,539,696$30,783,439$517,410,107
86$792,713,861$69,586,098$31,600,641$568,904,239
87$873,349,889$72,775,031$32,438,477$625,604,212
88$962,203,838$76,113,267$33,297,426$688,039,216
89$1,060,113,715$79,607,903$34,177,976$756,792,345
90$1,168,003,000$83,266,377$35,080,624$832,506,091
91$1,286,889,360$87,096,482$36,005,878$915,888,396
92$1,417,894,255$91,106,390$36,954,255$1,007,719,331
93$1,562,253,527$95,304,662$37,926,281$1,108,858,444
94$1,721,329,068$99,700,272$38,922,493$1,220,252,864
95$1,896,621,674$104,302,626$39,943,437$1,342,946,232
96$2,089,785,212$109,121,582$40,989,670$1,478,088,538
97$2,302,642,237$114,167,472$42,061,757$1,626,946,966
98$2,537,201,195$119,451,128$43,160,275$1,790,917,844
99$2,795,675,384$124,983,901$44,285,812$1,971,539,811
100$3,080,503,850$130,777,689$45,438,964$2,170,508,323