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%16%
1 years$776,243$769,329$762,583$755,999$749,569$731,152
2 years$384,279$377,122$370,186$363,461$356,938$338,496
3 years$253,641$246,453$239,535$232,873$226,456$208,567
4 years$188,335$181,169$174,320$167,772$161,510$144,311
5 years$149,162$142,039$135,279$128,865$122,778$106,316
6 years$123,055$115,985$109,326$103,054$97,150$81,443
7 years$104,414$97,404$90,850$84,727$79,009$64,058
8 years$90,440$83,494$77,048$71,075$65,545$51,345
9 years$79,577$72,696$66,362$60,540$55,199$41,736
10 years$70,892$64,078$57,856$52,186$47,032$34,292
11 years$63,790$57,045$50,935$45,418$40,449$28,413
12 years$57,876$51,201$45,204$39,837$35,052$23,700
13 years$52,876$46,270$40,386$35,170$30,566$19,876
14 years$48,594$42,058$36,287$31,220$26,794$16,742
15 years$44,887$38,421$32,763$27,843$23,592$14,153
16 years$41,646$35,251$29,704$24,930$20,850$12,001
17 years$38,789$32,465$27,030$22,400$18,487$10,201
18 years$36,252$29,999$24,675$20,187$16,438$8,690
19 years$33,985$27,802$22,588$18,240$14,652$7,415
20 years$31,948$25,835$20,730$16,520$13,087$6,337
21 years$30,106$24,065$19,068$14,993$11,712$5,422
22 years$28,435$22,463$17,574$13,632$10,498$4,645
23 years$26,911$21,010$16,227$12,415$9,423$3,982
24 years$25,516$19,685$15,007$11,323$8,470$3,417
25 years$24,235$18,473$13,899$10,341$7,622$2,934
26 years$23,054$17,362$12,891$9,455$6,865$2,520
27 years$21,962$16,339$11,970$8,655$6,190$2,166
28 years$20,951$15,397$11,128$7,930$5,585$1,863
29 years$20,010$14,525$10,356$7,272$5,043$1,602
30 years$19,134$13,717$9,646$6,674$4,557$1,379
31 years$18,317$12,967$8,993$6,129$4,120$1,187
32 years$17,551$12,270$8,390$5,633$3,727$1,022
33 years$16,834$11,620$7,834$5,180$3,373$880
34 years$16,160$11,013$7,320$4,766$3,054$757
35 years$15,527$10,445$6,843$4,387$2,766$652
36 years$14,929$9,914$6,402$4,041$2,506$562
37 years$14,366$9,416$5,992$3,723$2,271$484
38 years$13,833$8,949$5,611$3,431$2,059$417
39 years$13,329$8,509$5,257$3,164$1,867$359
40 years$12,851$8,096$4,927$2,918$1,694$310
41 years$12,398$7,707$4,620$2,692$1,536$267
42 years$11,968$7,340$4,334$2,485$1,394$230
43 years$11,558$6,993$4,067$2,294$1,265$198
44 years$11,169$6,666$3,818$2,118$1,149$171
45 years$10,797$6,357$3,585$1,956$1,043$147
46 years$10,443$6,064$3,367$1,807$947$127
47 years$10,105$5,787$3,163$1,669$860$109
48 years$9,782$5,524$2,972$1,542$781$94
49 years$9,473$5,275$2,794$1,425$709$81
50 years$9,178$5,039$2,627$1,318$644$70

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 $6,363 every year, while hoping to spend $31,529 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: 73/5/22 Blend
39$9,400,000$9,400,000$9,400,000$9,400,000
40$10,365,363$9,867,163$9,721,463$11,065,869
41$11,389,084$10,317,108$10,013,586$11,982,811
42$12,516,167$10,788,043$10,314,438$12,982,699
43$13,757,123$11,280,964$10,624,278$14,077,392
44$15,123,532$11,796,913$10,943,374$15,276,322
45$16,628,154$12,336,984$11,271,999$16,589,875
46$18,285,053$12,902,323$11,610,437$18,029,487
47$20,109,720$13,494,129$11,958,979$19,607,751
48$22,119,231$14,113,661$12,317,925$21,338,538
49$24,332,399$14,762,237$12,687,582$23,237,120
50$26,769,956$15,441,239$13,068,268$25,320,322
51$29,454,747$16,152,115$13,460,310$27,606,670
52$32,411,945$16,896,382$13,864,045$30,116,574
53$35,669,292$17,675,633$14,279,818$32,872,510
54$39,257,354$18,491,534$14,707,987$35,899,239
55$43,209,818$19,345,833$15,148,918$39,224,033
56$47,563,801$20,240,360$15,602,989$42,876,936
57$52,360,209$21,177,037$16,070,588$46,891,043
58$57,644,114$22,157,876$16,552,117$51,302,809
59$63,465,187$23,184,985$17,047,986$56,152,398
60$69,878,162$24,260,576$17,558,620$61,484,054
61$76,943,357$25,386,966$18,084,456$67,346,519
62$84,727,236$26,566,584$18,625,942$73,793,493
63$93,303,044$27,801,977$19,183,541$80,884,136
64$102,751,494$29,095,813$19,757,729$88,683,627
65$113,161,529$30,450,891$20,348,996$97,263,775
66$124,631,163$31,870,143$20,957,845$106,703,699
67$137,268,406$33,356,644$21,584,797$117,090,565
68$151,192,280$34,913,616$22,230,385$128,520,415
69$166,533,948$36,544,439$22,895,158$141,099,066
70$183,437,949$38,252,655$23,579,684$154,943,107
71$202,063,559$40,041,975$24,284,543$170,180,998
72$222,586,303$41,916,292$25,010,336$186,954,282
73$245,199,603$43,879,687$25,757,679$205,418,913
74$270,116,608$45,936,437$26,527,207$225,746,732
75$297,572,207$48,091,028$27,319,574$248,127,080
76$327,825,245$50,348,161$28,135,452$272,768,586
77$361,160,963$52,712,764$28,975,532$299,901,134
78$397,893,697$55,190,005$29,840,528$329,778,027
79$438,369,840$57,785,302$30,731,173$362,678,375
80$482,971,117$60,504,334$31,648,220$398,909,730
81$532,118,181$63,353,057$32,592,446$438,810,980
82$586,274,593$66,337,714$33,564,650$482,755,550
83$645,951,190$69,464,850$34,565,654$531,154,919
84$711,710,912$72,741,329$35,596,304$584,462,503
85$784,174,116$76,174,345$36,657,471$643,177,929
86$864,024,430$79,771,442$37,750,051$707,851,750
87$952,015,210$83,540,531$38,874,966$779,090,633
88$1,048,976,649$87,489,904$40,033,164$857,563,087
89$1,155,823,615$91,628,257$41,225,623$944,005,765
90$1,273,564,288$95,964,707$42,453,347$1,039,230,417
91$1,403,309,681$100,508,813$43,717,369$1,144,131,541
92$1,546,284,121$105,270,597$45,018,753$1,259,694,831
93$1,703,836,815$110,260,570$46,358,595$1,387,006,468
94$1,877,454,583$115,489,751$47,738,021$1,527,263,375
95$2,068,775,895$120,969,694$49,158,189$1,681,784,505
96$2,279,606,341$126,712,513$50,620,293$1,852,023,290
97$2,511,935,674$132,730,913$52,125,560$2,039,581,354
98$2,767,956,598$139,038,213$53,675,251$2,246,223,623
99$3,050,085,466$145,648,380$55,270,667$2,473,894,987
100$3,360,985,094$152,576,061$56,913,145$2,724,738,647