Can I retire at age 40 with 9,400,000?

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$776,243$769,329$762,583$755,999$749,569$743,910
2 years$384,279$377,122$370,186$363,461$356,938$351,232
3 years$253,641$246,453$239,535$232,873$226,456$220,881
4 years$188,335$181,169$174,320$167,772$161,510$156,109
5 years$149,162$142,039$135,279$128,865$122,778$117,565
6 years$123,055$115,985$109,326$103,054$97,150$92,133
7 years$104,414$97,404$90,850$84,727$79,009$74,190
8 years$90,440$83,494$77,048$71,075$65,545$60,925
9 years$79,577$72,696$66,362$60,540$55,199$50,775
10 years$70,892$64,078$57,856$52,186$47,032$42,803
11 years$63,790$57,045$50,935$45,418$40,449$36,411
12 years$57,876$51,201$45,204$39,837$35,052$31,202
13 years$52,876$46,270$40,386$35,170$30,566$26,900
14 years$48,594$42,058$36,287$31,220$26,794$23,307
15 years$44,887$38,421$32,763$27,843$23,592$20,279
16 years$41,646$35,251$29,704$24,930$20,850$17,707
17 years$38,789$32,465$27,030$22,400$18,487$15,508
18 years$36,252$29,999$24,675$20,187$16,438$13,617
19 years$33,985$27,802$22,588$18,240$14,652$11,983
20 years$31,948$25,835$20,730$16,520$13,087$10,566
21 years$30,106$24,065$19,068$14,993$11,712$9,333
22 years$28,435$22,463$17,574$13,632$10,498$8,255
23 years$26,911$21,010$16,227$12,415$9,423$7,311
24 years$25,516$19,685$15,007$11,323$8,470$6,482
25 years$24,235$18,473$13,899$10,341$7,622$5,753
26 years$23,054$17,362$12,891$9,455$6,865$5,111
27 years$21,962$16,339$11,970$8,655$6,190$4,543
28 years$20,951$15,397$11,128$7,930$5,585$4,042
29 years$20,010$14,525$10,356$7,272$5,043$3,598
30 years$19,134$13,717$9,646$6,674$4,557$3,204
31 years$18,317$12,967$8,993$6,129$4,120$2,855
32 years$17,551$12,270$8,390$5,633$3,727$2,545
33 years$16,834$11,620$7,834$5,180$3,373$2,269
34 years$16,160$11,013$7,320$4,766$3,054$2,024
35 years$15,527$10,445$6,843$4,387$2,766$1,806
36 years$14,929$9,914$6,402$4,041$2,506$1,612
37 years$14,366$9,416$5,992$3,723$2,271$1,439
38 years$13,833$8,949$5,611$3,431$2,059$1,285
39 years$13,329$8,509$5,257$3,164$1,867$1,148
40 years$12,851$8,096$4,927$2,918$1,694$1,025
41 years$12,398$7,707$4,620$2,692$1,536$916
42 years$11,968$7,340$4,334$2,485$1,394$818
43 years$11,558$6,993$4,067$2,294$1,265$731
44 years$11,169$6,666$3,818$2,118$1,149$653
45 years$10,797$6,357$3,585$1,956$1,043$584
46 years$10,443$6,064$3,367$1,807$947$522
47 years$10,105$5,787$3,163$1,669$860$467
48 years$9,782$5,524$2,972$1,542$781$417
49 years$9,473$5,275$2,794$1,425$709$373
50 years$9,178$5,039$2,627$1,318$644$333

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $9,400,000, adding $3,779 every year, while hoping to spend $53,062 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: 43/34/23 Blend
39$9,400,000$9,400,000$9,400,000$9,400,000
40$10,362,698$9,864,498$9,718,798$10,738,681
41$11,363,236$10,291,401$9,987,920$11,433,144
42$12,464,050$10,737,444$10,264,280$12,179,675
43$13,675,312$11,203,508$10,548,063$12,987,452
44$15,008,232$11,690,517$10,839,460$13,862,162
45$16,475,157$12,199,438$11,138,667$14,810,047
46$18,089,695$12,731,283$11,445,885$15,837,964
47$19,866,840$13,287,111$11,761,318$16,953,445
48$21,823,111$13,868,033$12,085,175$18,164,764
49$23,976,712$14,475,210$12,417,672$19,481,012
50$26,347,701$15,109,860$12,759,029$20,912,181
51$28,958,180$15,773,257$13,109,470$22,469,252
52$31,832,503$16,466,735$13,469,226$24,164,295
53$34,997,505$17,191,692$13,838,532$26,010,583
54$38,482,757$17,949,592$14,217,629$28,022,707
55$42,320,843$18,741,967$14,606,765$30,216,712
56$46,547,669$19,570,423$15,006,192$32,610,246
57$51,202,799$20,436,642$15,416,167$35,222,718
58$56,329,832$21,342,384$15,836,955$38,075,478
59$61,976,809$22,289,495$16,268,827$41,192,015
60$68,196,669$23,279,906$16,712,059$44,598,168
61$75,047,749$24,315,641$17,166,933$48,322,371
62$82,594,333$25,398,821$17,633,738$52,395,909
63$90,907,257$26,531,665$18,112,770$56,853,213
64$100,064,580$27,716,500$18,604,332$61,732,172
65$110,152,322$28,955,763$19,108,731$67,074,491
66$121,265,269$30,252,006$19,626,284$72,926,070
67$133,507,876$31,607,903$20,157,314$79,337,438
68$146,995,245$33,026,256$20,702,150$86,364,215
69$161,854,217$34,510,000$21,261,129$94,067,632
70$178,224,566$36,062,209$21,834,596$102,515,101
71$196,260,320$37,686,105$22,422,902$111,780,844
72$216,131,210$39,385,062$23,026,407$121,946,578
73$238,024,281$41,162,617$23,645,479$133,102,285
74$262,145,646$43,022,474$24,280,491$145,347,045
75$288,722,442$44,968,515$24,931,828$158,789,964
76$318,004,966$47,004,807$25,599,879$173,551,192
77$350,269,042$49,135,612$26,285,044$189,763,046
78$385,818,622$51,365,395$26,987,731$207,571,247
79$424,988,657$53,698,835$27,708,355$227,136,283
80$468,148,256$56,140,833$28,447,341$248,634,908
81$515,704,172$58,696,529$29,205,122$272,261,805
82$568,104,644$61,371,305$29,982,139$298,231,398
83$625,843,621$64,170,802$30,778,844$326,779,872
84$689,465,431$67,100,932$31,595,696$358,167,379
85$759,569,917$70,167,890$32,433,164$392,680,483
86$836,818,100$73,378,168$33,291,726$430,634,844
87$921,938,416$76,738,569$34,171,870$472,378,182
88$1,015,733,599$80,256,222$35,074,092$518,293,542
89$1,119,088,250$83,938,602$35,998,898$568,802,886
90$1,232,977,196$87,793,537$36,946,805$624,371,063
91$1,358,474,684$91,829,235$37,918,338$685,510,168
92$1,496,764,532$96,054,298$38,914,032$752,784,360
93$1,649,151,296$100,477,739$39,934,433$826,815,161
94$1,817,072,588$105,109,008$40,980,097$908,287,300
95$2,002,112,649$109,958,007$42,051,587$997,955,154
96$2,206,017,304$115,035,114$43,149,480$1,096,649,838
97$2,430,710,443$120,351,209$44,274,362$1,205,287,025
98$2,678,312,182$125,917,692$45,426,827$1,324,875,562
99$2,951,158,881$131,746,515$46,607,482$1,456,526,965
100$3,251,825,197$137,850,205$47,816,942$1,601,465,876