Can I retire at age 40 with 9,300,000?

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$767,985$761,144$754,470$747,956$741,595$716,138
2 years$380,191$373,110$366,248$359,594$353,141$327,752
3 years$250,943$243,832$236,987$230,396$224,047$199,524
4 years$186,331$179,242$172,466$165,987$159,792$136,323
5 years$147,575$140,528$133,840$127,494$121,471$99,118
6 years$121,745$114,752$108,163$101,958$96,116$74,896
7 years$103,303$96,368$89,884$83,825$78,168$58,078
8 years$89,478$82,605$76,229$70,319$64,848$45,872
9 years$78,730$71,923$65,656$59,896$54,611$36,725
10 years$70,137$63,396$57,240$51,631$46,532$29,706
11 years$63,111$56,438$50,393$44,934$40,019$24,221
12 years$57,261$50,656$44,723$39,414$34,679$19,872
13 years$52,314$45,778$39,957$34,796$30,241$16,386
14 years$48,077$41,611$35,901$30,888$26,509$13,566
15 years$44,409$38,012$32,414$27,547$23,341$11,268
16 years$41,203$34,876$29,388$24,665$20,629$9,384
17 years$38,376$32,119$26,742$22,162$18,291$7,833
18 years$35,867$29,680$24,412$19,972$16,263$6,549
19 years$33,624$27,507$22,348$18,046$14,496$5,484
20 years$31,608$25,561$20,510$16,344$12,948$4,599
21 years$29,786$23,809$18,865$14,834$11,587$3,860
22 years$28,132$22,225$17,387$13,487$10,386$3,242
23 years$26,625$20,786$16,054$12,283$9,323$2,726
24 years$25,245$19,475$14,847$11,203$8,380$2,293
25 years$23,977$18,277$13,752$10,231$7,541$1,930
26 years$22,809$17,177$12,754$9,355$6,792$1,625
27 years$21,729$16,166$11,843$8,563$6,124$1,368
28 years$20,728$15,233$11,010$7,845$5,526$1,153
29 years$19,797$14,370$10,245$7,194$4,990$972
30 years$18,931$13,571$9,543$6,603$4,508$819
31 years$18,122$12,829$8,897$6,064$4,076$690
32 years$17,365$12,139$8,301$5,573$3,687$582
33 years$16,655$11,496$7,751$5,125$3,337$491
34 years$15,988$10,896$7,242$4,715$3,021$414
35 years$15,361$10,334$6,771$4,341$2,736$349
36 years$14,771$9,809$6,334$3,998$2,479$295
37 years$14,213$9,316$5,928$3,683$2,247$249
38 years$13,686$8,854$5,551$3,395$2,037$210
39 years$13,187$8,419$5,201$3,130$1,847$177
40 years$12,715$8,010$4,875$2,887$1,676$149
41 years$12,266$7,625$4,571$2,664$1,520$126
42 years$11,840$7,261$4,288$2,458$1,379$106
43 years$11,435$6,919$4,024$2,269$1,252$90
44 years$11,050$6,595$3,777$2,095$1,136$76
45 years$10,682$6,289$3,546$1,935$1,032$64
46 years$10,332$5,999$3,331$1,788$937$54
47 years$9,998$5,725$3,129$1,651$850$45
48 years$9,678$5,466$2,941$1,526$772$38
49 years$9,372$5,219$2,764$1,410$701$32
50 years$9,080$4,986$2,599$1,304$637$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $9,300,000, adding $4,983 every year, while hoping to spend $27,015 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: 78/16/6 Blend
39$9,300,000$9,300,000$9,300,000$9,300,000
40$10,253,740$9,760,840$9,616,690$11,047,835
41$11,270,878$10,210,377$9,910,105$12,018,801
42$12,390,858$10,681,037$10,212,445$13,079,316
43$13,624,142$11,173,824$10,523,978$14,241,509
44$14,982,258$11,689,795$10,844,985$15,515,483
45$16,477,909$12,230,055$11,175,752$16,912,361
46$18,125,090$12,795,762$11,516,574$18,444,387
47$19,939,227$13,388,132$11,867,757$20,125,041
48$21,937,315$14,008,438$12,229,614$21,969,166
49$24,138,083$14,658,013$12,602,468$23,993,104
50$26,562,169$15,338,257$12,986,652$26,214,850
51$29,232,314$16,050,636$13,382,509$28,654,221
52$32,173,580$16,796,687$13,790,393$31,333,036
53$35,413,582$17,578,021$14,210,668$34,275,326
54$38,982,750$18,396,327$14,643,708$37,507,554
55$42,914,618$19,253,375$15,089,900$41,058,867
56$47,246,139$20,151,020$15,549,641$44,961,364
57$52,018,033$21,091,208$16,023,342$49,250,398
58$57,275,174$22,075,978$16,511,425$53,964,908
59$63,067,008$23,107,468$17,014,325$59,147,785
60$69,448,028$24,187,919$17,532,490$64,846,269
61$76,478,279$25,319,679$18,066,380$71,112,399
62$84,223,932$26,505,212$18,616,473$78,003,495
63$92,757,905$27,747,100$19,183,257$85,582,697
64$102,160,553$29,048,048$19,767,237$93,919,560
65$112,520,422$30,410,896$20,368,932$103,090,706
66$123,935,092$31,838,617$20,988,879$113,180,542
67$136,512,093$33,334,330$21,627,627$124,282,054
68$150,369,919$34,901,306$22,285,746$136,497,680
69$165,639,152$36,542,971$22,963,820$149,940,273
70$182,463,690$38,262,920$23,662,452$164,734,164
71$201,002,104$40,064,921$24,382,262$181,016,325
72$221,429,141$41,952,925$25,123,890$198,937,665
73$243,937,367$43,931,072$25,887,994$218,664,442
74$268,738,990$46,003,706$26,675,253$240,379,833
75$296,067,859$48,175,379$27,486,366$264,285,651
76$326,181,673$50,450,866$28,322,052$290,604,252
77$359,364,416$52,835,170$29,183,053$319,580,622
78$395,929,033$55,333,540$30,070,131$351,484,686
79$436,220,388$57,951,477$30,984,075$386,613,847
80$480,618,519$60,694,752$31,925,693$425,295,788
81$529,542,225$63,569,411$32,895,821$467,891,561
82$583,453,019$66,581,799$33,895,317$514,798,980
83$642,859,484$69,738,564$34,925,067$566,456,376
84$708,322,077$73,046,680$35,985,983$623,346,722
85$780,458,419$76,513,457$37,079,004$686,002,186
86$859,949,124$80,146,563$38,205,097$755,009,143
87$947,544,226$83,954,035$39,365,258$831,013,703
88$1,044,070,257$87,944,303$40,560,514$914,727,799
89$1,150,438,053$92,126,204$41,791,922$1,006,935,900
90$1,267,651,352$96,509,006$43,060,569$1,108,502,401
91$1,396,816,270$101,102,427$44,367,578$1,220,379,774
92$1,539,151,740$105,916,656$45,714,102$1,343,617,551
93$1,696,001,024$110,962,380$47,101,332$1,479,372,212
94$1,868,844,394$116,250,801$48,530,491$1,628,918,096
95$2,059,313,102$121,793,671$50,002,843$1,793,659,413
96$2,269,204,786$127,603,308$51,519,685$1,975,143,490
97$2,500,500,436$133,692,632$53,082,357$2,175,075,359
98$2,755,383,101$140,075,191$54,692,236$2,395,333,839
99$3,036,258,494$146,765,192$56,350,743$2,637,989,260
100$3,345,777,706$153,777,532$58,059,338$2,905,322,983