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

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 $8,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$734,954$728,407$722,020$715,786$709,698$690,581
2 years$363,838$357,062$350,495$344,128$337,952$318,828
3 years$240,150$233,344$226,794$220,486$214,410$195,879
4 years$178,317$171,533$165,048$158,848$152,919$135,122
5 years$141,228$134,484$128,084$122,010$116,247$99,233
6 years$116,509$109,816$103,511$97,573$91,982$75,768
7 years$98,860$92,223$86,018$80,220$74,806$59,393
8 years$85,629$79,052$72,950$67,294$62,059$47,438
9 years$75,344$68,829$62,832$57,320$52,263$38,421
10 years$67,121$60,670$54,778$49,410$44,530$31,450
11 years$60,397$54,011$48,226$43,002$38,298$25,959
12 years$54,798$48,477$42,799$37,718$33,188$21,568
13 years$50,064$43,809$38,238$33,300$28,940$18,015
14 years$46,010$39,821$34,357$29,560$25,369$15,112
15 years$42,499$36,377$31,020$26,362$22,337$12,722
16 years$39,430$33,376$28,124$23,604$19,741$10,741
17 years$36,726$30,738$25,592$21,208$17,504$9,091
18 years$34,324$28,403$23,362$19,113$15,564$7,709
19 years$32,178$26,324$21,387$17,270$13,872$6,549
20 years$30,248$24,461$19,628$15,642$12,391$5,571
21 years$28,505$22,785$18,054$14,196$11,089$4,745
22 years$26,922$21,269$16,639$12,907$9,939$4,046
23 years$25,479$19,892$15,363$11,755$8,922$3,453
24 years$24,159$18,638$14,209$10,721$8,019$2,948
25 years$22,946$17,490$13,160$9,791$7,216$2,519
26 years$21,828$16,438$12,205$8,952$6,500$2,154
27 years$20,794$15,470$11,334$8,194$5,860$1,842
28 years$19,836$14,578$10,536$7,508$5,288$1,577
29 years$18,946$13,752$9,805$6,885$4,775$1,349
30 years$18,117$12,988$9,133$6,319$4,314$1,155
31 years$17,342$12,278$8,514$5,803$3,901$989
32 years$16,618$11,617$7,944$5,333$3,528$848
33 years$15,939$11,002$7,417$4,904$3,193$726
34 years$15,301$10,427$6,930$4,512$2,891$622
35 years$14,701$9,890$6,479$4,154$2,619$533
36 years$14,135$9,387$6,061$3,826$2,373$457
37 years$13,602$8,915$5,673$3,525$2,150$392
38 years$13,097$8,473$5,313$3,249$1,949$336
39 years$12,620$8,057$4,977$2,996$1,768$288
40 years$12,168$7,665$4,665$2,763$1,604$247
41 years$11,739$7,297$4,375$2,549$1,455$212
42 years$11,331$6,949$4,104$2,353$1,320$181
43 years$10,943$6,621$3,851$2,172$1,198$156
44 years$10,574$6,311$3,614$2,005$1,087$133
45 years$10,223$6,018$3,394$1,852$987$114
46 years$9,888$5,741$3,188$1,711$896$98
47 years$9,568$5,479$2,995$1,580$814$84
48 years$9,262$5,230$2,814$1,460$739$72
49 years$8,969$4,995$2,645$1,350$671$62
50 years$8,690$4,771$2,487$1,248$610$53

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 $2,751 every year, while hoping to spend $29,702 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: 42/50/8 Blend
39$8,900,000$8,900,000$8,900,000$8,900,000
40$9,810,638$9,338,938$9,200,988$10,199,567
41$10,779,720$9,764,943$9,477,618$10,896,820
42$11,846,653$10,210,827$9,762,520$11,648,131
43$13,021,387$10,677,532$10,055,939$12,460,964
44$14,314,884$11,166,047$10,358,129$13,340,931
45$15,739,226$11,677,407$10,669,350$14,294,190
46$17,307,723$12,212,696$10,989,869$15,327,492
47$19,035,044$12,773,052$11,319,964$16,448,246
48$20,937,354$13,359,666$11,659,917$17,664,581
49$23,032,461$13,973,788$12,010,022$18,985,421
50$25,339,995$14,616,725$12,370,580$20,420,560
51$27,881,580$15,289,851$12,741,901$21,980,755
52$30,681,050$15,994,602$13,124,303$23,677,816
53$33,764,665$16,732,486$13,518,115$25,524,715
54$37,161,365$17,505,082$13,923,676$27,535,703
55$40,903,039$18,314,045$14,341,333$29,726,436
56$45,024,826$19,161,111$14,771,446$32,114,120
57$49,565,450$20,048,097$15,214,381$34,717,660
58$54,567,584$20,976,911$15,670,520$37,557,838
59$60,078,248$21,949,551$16,140,253$40,657,499
60$66,149,260$22,968,110$16,623,983$44,041,757
61$72,837,721$24,034,783$17,122,122$47,738,226
62$80,206,554$25,151,873$17,635,099$51,777,273
63$88,325,098$26,321,791$18,163,351$56,192,291
64$97,269,764$27,547,065$18,707,329$61,020,011
65$107,124,755$28,830,346$19,267,500$66,300,833
66$117,982,859$30,174,412$19,844,340$72,079,201
67$129,946,329$31,582,176$20,438,343$78,404,009
68$143,127,843$33,056,691$21,050,016$85,329,053
69$157,651,571$34,601,157$21,679,880$92,913,526
70$173,654,347$36,218,930$22,328,472$101,222,564
71$191,286,959$37,913,526$22,996,344$110,327,849
72$210,715,574$39,688,634$23,684,067$120,308,271
73$232,123,304$41,548,118$24,392,224$131,250,656
74$255,711,936$43,496,031$25,121,419$143,250,578
75$281,703,839$45,536,622$25,872,272$156,413,234
76$310,344,058$47,674,344$26,645,421$170,854,432
77$341,902,632$49,913,867$27,441,522$186,701,661
78$376,677,140$52,260,086$28,261,253$204,095,274
79$414,995,512$54,718,134$29,105,309$223,189,802
80$457,219,123$57,293,391$29,974,405$244,155,384
81$503,746,206$59,991,499$30,869,280$267,179,358
82$555,015,609$62,818,373$31,790,691$292,468,007
83$611,510,940$65,780,213$32,739,418$320,248,481
84$673,765,133$68,883,521$33,716,266$350,770,919
85$742,365,477$72,135,113$34,722,061$384,310,785
86$817,959,159$75,542,137$35,757,653$421,171,445
87$901,259,377$79,112,085$36,823,919$461,686,996
88$993,052,071$82,852,815$37,921,758$506,225,399
89$1,094,203,344$86,772,565$39,052,098$555,191,919
90$1,205,667,636$90,879,971$40,215,894$609,032,918
91$1,328,496,735$95,184,090$41,414,127$668,240,037
92$1,463,849,708$99,694,417$42,647,807$733,354,803
93$1,613,003,844$104,420,909$43,917,973$804,973,704
94$1,777,366,707$109,374,005$45,225,697$883,753,783
95$1,958,489,432$114,564,651$46,572,078$970,418,799
96$2,158,081,361$120,004,326$47,958,250$1,065,766,017
97$2,378,026,186$125,705,064$49,385,377$1,170,673,696
98$2,620,399,729$131,679,485$50,854,660$1,286,109,327
99$2,887,489,543$137,940,821$52,367,333$1,413,138,723
100$3,181,816,503$144,502,947$53,924,664$1,552,936,029