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%12.4%
1 years$734,954$728,407$722,020$715,786$709,698$702,579
2 years$363,838$357,062$350,495$344,128$337,952$330,781
3 years$240,150$233,344$226,794$220,486$214,410$207,411
4 years$178,317$171,533$165,048$158,848$152,919$146,145
5 years$141,228$134,484$128,084$122,010$116,247$109,718
6 years$116,509$109,816$103,511$97,573$91,982$85,706
7 years$98,860$92,223$86,018$80,220$74,806$68,785
8 years$85,629$79,052$72,950$67,294$62,059$56,294
9 years$75,344$68,829$62,832$57,320$52,263$46,751
10 years$67,121$60,670$54,778$49,410$44,530$39,268
11 years$60,397$54,011$48,226$43,002$38,298$33,281
12 years$54,798$48,477$42,799$37,718$33,188$28,412
13 years$50,064$43,809$38,238$33,300$28,940$24,400
14 years$46,010$39,821$34,357$29,560$25,369$21,058
15 years$42,499$36,377$31,020$26,362$22,337$18,248
16 years$39,430$33,376$28,124$23,604$19,741$15,868
17 years$36,726$30,738$25,592$21,208$17,504$13,839
18 years$34,324$28,403$23,362$19,113$15,564$12,101
19 years$32,178$26,324$21,387$17,270$13,872$10,603
20 years$30,248$24,461$19,628$15,642$12,391$9,308
21 years$28,505$22,785$18,054$14,196$11,089$8,185
22 years$26,922$21,269$16,639$12,907$9,939$7,207
23 years$25,479$19,892$15,363$11,755$8,922$6,354
24 years$24,159$18,638$14,209$10,721$8,019$5,608
25 years$22,946$17,490$13,160$9,791$7,216$4,954
26 years$21,828$16,438$12,205$8,952$6,500$4,380
27 years$20,794$15,470$11,334$8,194$5,860$3,876
28 years$19,836$14,578$10,536$7,508$5,288$3,431
29 years$18,946$13,752$9,805$6,885$4,775$3,039
30 years$18,117$12,988$9,133$6,319$4,314$2,694
31 years$17,342$12,278$8,514$5,803$3,901$2,388
32 years$16,618$11,617$7,944$5,333$3,528$2,119
33 years$15,939$11,002$7,417$4,904$3,193$1,880
34 years$15,301$10,427$6,930$4,512$2,891$1,668
35 years$14,701$9,890$6,479$4,154$2,619$1,481
36 years$14,135$9,387$6,061$3,826$2,373$1,315
37 years$13,602$8,915$5,673$3,525$2,150$1,168
38 years$13,097$8,473$5,313$3,249$1,949$1,038
39 years$12,620$8,057$4,977$2,996$1,768$922
40 years$12,168$7,665$4,665$2,763$1,604$819
41 years$11,739$7,297$4,375$2,549$1,455$728
42 years$11,331$6,949$4,104$2,353$1,320$647
43 years$10,943$6,621$3,851$2,172$1,198$575
44 years$10,574$6,311$3,614$2,005$1,087$512
45 years$10,223$6,018$3,394$1,852$987$455
46 years$9,888$5,741$3,188$1,711$896$404
47 years$9,568$5,479$2,995$1,580$814$360
48 years$9,262$5,230$2,814$1,460$739$320
49 years$8,969$4,995$2,645$1,350$671$284
50 years$8,690$4,771$2,487$1,248$610$253

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 $2,837 every year, while hoping to spend $57,707 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: 49/34/17 Blend
39$8,900,000$8,900,000$8,900,000$8,900,000
40$9,810,726$9,339,026$9,201,076$10,244,825
41$10,750,021$9,735,239$9,447,913$10,941,359
42$11,783,189$10,148,932$9,701,084$11,691,417
43$12,919,745$10,580,900$9,960,741$12,504,966
44$14,170,172$11,031,978$10,227,039$13,387,989
45$15,546,021$11,503,035$10,500,136$14,347,062
46$17,060,016$11,994,985$10,780,191$15,389,411
47$18,726,180$12,508,782$11,067,370$16,522,976
48$20,559,963$13,045,425$11,361,840$17,756,487
49$22,578,389$13,605,960$11,663,771$19,099,539
50$24,800,216$14,191,483$11,973,339$20,562,682
51$27,246,112$14,803,140$12,290,720$22,157,518
52$29,938,852$15,442,131$12,616,095$23,896,804
53$32,903,531$16,109,712$12,949,651$25,794,572
54$36,167,802$16,807,198$13,291,575$27,866,255
55$39,762,133$17,535,966$13,642,058$30,128,832
56$43,720,101$18,297,459$14,001,297$32,600,982
57$48,078,702$19,093,185$14,369,491$35,303,255
58$52,878,703$19,924,724$14,746,842$38,258,265
59$58,165,027$20,793,732$15,133,558$41,490,896
60$63,987,176$21,701,942$15,529,849$45,028,533
61$70,399,698$22,651,167$15,935,929$48,901,316
62$77,462,701$23,643,308$16,352,017$53,142,418
63$85,242,421$24,680,354$16,778,333$57,788,354
64$93,811,846$25,764,389$17,215,105$62,879,319
65$103,251,405$26,897,595$17,662,562$68,459,563
66$113,649,727$28,082,256$18,120,937$74,577,799
67$125,104,479$29,320,767$18,590,468$81,287,661
68$137,723,283$30,615,632$19,071,396$88,648,200
69$151,624,738$31,969,477$19,563,967$96,724,435
70$166,939,531$33,385,052$20,068,430$105,587,961
71$183,811,680$34,865,235$20,585,039$115,317,615
72$202,399,883$36,413,044$21,114,050$126,000,214
73$222,879,024$38,031,637$21,655,724$137,731,364
74$245,441,820$39,724,322$22,210,326$150,616,354
75$270,300,639$41,494,568$22,778,125$164,771,143
76$297,689,506$43,346,003$23,359,394$180,323,444
77$327,866,311$45,282,432$23,954,409$197,413,917
78$361,115,242$47,307,839$24,563,449$216,197,490
79$397,749,472$49,426,398$25,186,800$236,844,806
80$438,114,108$51,642,481$25,824,747$259,543,830
81$482,589,454$53,960,670$26,477,583$284,501,601
82$531,594,597$56,385,762$27,145,602$311,946,183
83$585,591,368$58,922,786$27,829,101$342,128,800
84$645,088,694$61,577,009$28,528,382$375,326,196
85$710,647,408$64,353,949$29,243,750$411,843,232
86$782,885,540$67,259,389$29,975,512$452,015,747
87$862,484,153$70,299,387$30,723,980$496,213,719
88$950,193,769$73,480,290$31,489,466$544,844,733
89$1,046,841,457$76,808,748$32,272,287$598,357,818
90$1,153,338,640$80,291,730$33,072,762$657,247,667
91$1,270,689,694$83,936,539$33,891,213$722,059,284
92$1,400,001,438$87,750,823$34,727,963$793,393,114
93$1,542,493,573$91,742,602$35,583,338$871,910,691
94$1,699,510,203$95,920,276$36,457,666$958,340,857
95$1,872,532,522$100,292,647$37,351,276$1,053,486,625
96$2,063,192,794$104,868,942$38,264,499$1,158,232,735
97$2,273,289,766$109,658,826$39,197,666$1,273,553,981
98$2,504,805,644$114,672,431$40,151,110$1,400,524,388
99$2,759,924,813$119,920,373$41,125,165$1,540,327,323
100$3,041,054,449$125,413,778$42,120,164$1,694,266,644