Can I retire at age 40 with 9,500,000?

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$784,501$777,513$770,696$764,041$757,543$734,471
2 years$388,367$381,134$374,124$367,327$360,735$337,688
3 years$256,339$249,075$242,083$235,350$228,865$206,566
4 years$190,339$183,097$176,174$169,557$163,228$141,848
5 years$150,748$143,550$136,719$130,236$124,084$103,680
6 years$124,364$117,219$110,489$104,151$98,183$78,775
7 years$105,525$98,441$91,817$85,628$79,849$61,435
8 years$91,402$84,382$77,868$71,831$66,243$48,810
9 years$80,423$73,470$67,068$61,184$55,786$39,317
10 years$71,646$64,760$58,471$52,741$47,532$32,003
11 years$64,469$57,652$51,477$45,901$40,879$26,263
12 years$58,492$51,745$45,685$40,261$35,425$21,691
13 years$53,439$46,763$40,816$35,545$30,891$18,008
14 years$49,111$42,506$36,673$31,552$27,079$15,013
15 years$45,364$38,830$33,111$28,139$23,843$12,558
16 years$42,089$35,626$30,020$25,196$21,072$10,535
17 years$39,201$32,810$27,317$22,638$18,684$8,857
18 years$36,638$30,318$24,937$20,401$16,613$7,462
19 years$34,347$28,098$22,829$18,434$14,808$6,296
20 years$32,287$26,110$20,951$16,696$13,226$5,319
21 years$30,427$24,321$19,271$15,153$11,836$4,499
22 years$28,737$22,702$17,761$13,777$10,609$3,809
23 years$27,197$21,233$16,399$12,547$9,524$3,228
24 years$25,787$19,894$15,167$11,444$8,560$2,737
25 years$24,492$18,670$14,047$10,451$7,703$2,322
26 years$23,299$17,546$13,028$9,556$6,938$1,971
27 years$22,196$16,513$12,098$8,747$6,256$1,673
28 years$21,173$15,560$11,246$8,014$5,644$1,421
29 years$20,223$14,679$10,466$7,349$5,097$1,208
30 years$19,338$13,863$9,748$6,745$4,605$1,026
31 years$18,511$13,105$9,088$6,194$4,164$873
32 years$17,738$12,400$8,479$5,693$3,766$742
33 years$17,013$11,743$7,917$5,235$3,408$631
34 years$16,332$11,130$7,397$4,817$3,086$536
35 years$15,692$10,557$6,916$4,434$2,795$456
36 years$15,088$10,020$6,470$4,084$2,533$388
37 years$14,519$9,516$6,056$3,762$2,295$330
38 years$13,980$9,044$5,671$3,468$2,081$281
39 years$13,471$8,600$5,313$3,198$1,887$239
40 years$12,988$8,182$4,980$2,949$1,712$203
41 years$12,530$7,789$4,670$2,721$1,553$173
42 years$12,095$7,418$4,380$2,511$1,409$147
43 years$11,681$7,068$4,110$2,318$1,279$125
44 years$11,287$6,737$3,858$2,140$1,161$107
45 years$10,912$6,424$3,623$1,977$1,054$91
46 years$10,554$6,128$3,403$1,826$957$77
47 years$10,213$5,848$3,197$1,687$869$66
48 years$9,886$5,583$3,004$1,559$789$56
49 years$9,574$5,332$2,823$1,441$717$48
50 years$9,275$5,093$2,654$1,332$651$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $9,500,000, adding $2,183 every year, while hoping to spend $41,285 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: 56/33/11 Blend
39$9,500,000$9,500,000$9,500,000$9,500,000
40$10,471,252$9,967,752$9,820,502$11,028,826
41$11,495,393$10,412,245$10,105,562$11,850,675
42$12,622,612$10,877,134$10,398,787$12,740,678
43$13,863,380$11,363,376$10,700,409$13,709,103
44$15,229,235$11,871,971$11,010,662$14,763,444
45$16,732,888$12,403,969$11,329,791$15,911,937
46$18,388,348$12,960,468$11,658,044$17,163,636
47$20,211,048$13,542,620$11,995,677$18,528,492
48$22,217,997$14,151,631$12,342,954$20,017,450
49$24,427,936$14,788,764$12,700,147$21,642,544
50$26,861,515$15,455,343$13,067,531$23,417,007
51$29,541,490$16,152,755$13,445,394$25,355,394
52$32,492,936$16,882,454$13,834,028$27,473,717
53$35,743,483$17,645,961$14,233,736$29,789,589
54$39,323,578$18,444,873$14,644,826$32,322,386
55$43,266,772$19,280,861$15,067,616$35,093,428
56$47,610,036$20,155,676$15,502,435$38,126,174
57$52,394,109$21,071,154$15,949,616$41,446,440
58$57,663,885$22,029,218$16,409,505$45,082,634
59$63,468,834$23,031,882$16,882,456$49,066,025
60$69,863,470$24,081,258$17,368,832$53,431,025
61$76,907,864$25,179,560$17,869,008$58,215,515
62$84,668,213$26,329,106$18,383,367$63,461,193
63$93,217,464$27,532,325$18,912,303$69,213,961
64$102,636,001$28,791,765$19,456,221$75,524,355
65$113,012,405$30,110,093$20,015,536$82,448,010
66$124,444,289$31,490,107$20,590,676$90,046,183
67$137,039,221$32,934,736$21,182,078$98,386,320
68$150,915,737$34,447,054$21,790,193$107,542,686
69$166,204,461$36,030,278$22,415,483$117,597,060
70$183,049,337$37,687,783$23,058,423$128,639,495
71$201,608,989$39,423,104$23,719,500$140,769,160
72$222,058,218$41,239,948$24,399,215$154,095,268
73$244,589,648$43,142,198$25,098,081$168,738,096
74$269,415,552$45,133,925$25,816,626$184,830,109
75$296,769,847$47,219,396$26,555,392$202,517,202
76$326,910,308$49,403,083$27,314,934$221,960,065
77$360,121,000$51,689,674$28,095,825$243,335,687
78$396,714,956$54,084,082$28,898,649$266,839,015
79$437,037,136$56,591,457$29,724,008$292,684,784
80$481,467,682$59,217,197$30,572,521$321,109,524
81$530,425,506$61,966,960$31,444,820$352,373,786
82$584,372,243$64,846,676$32,341,558$386,764,582
83$643,816,613$67,862,565$33,263,401$424,598,081
84$709,319,218$71,021,141$34,211,036$466,222,577
85$781,497,839$74,329,237$35,185,165$512,021,759
86$861,033,262$77,794,013$36,186,512$562,418,316
87$948,675,712$81,422,977$37,215,818$617,877,910
88$1,045,251,929$85,223,998$38,273,842$678,913,549
89$1,151,672,976$89,205,324$39,361,366$746,090,414
90$1,268,942,838$93,375,603$40,479,190$820,031,169
91$1,398,167,902$97,743,902$41,628,138$901,421,819
92$1,540,567,398$102,319,724$42,809,050$991,018,162
93$1,697,484,914$107,113,031$44,022,795$1,089,652,901
94$1,870,401,074$112,134,269$45,270,258$1,198,243,477
95$2,060,947,524$117,394,388$46,552,351$1,317,800,703
96$2,270,922,325$122,904,867$47,870,009$1,449,438,281
97$2,502,306,939$128,677,742$49,224,191$1,594,383,286
98$2,757,284,924$134,725,629$50,615,879$1,753,987,717
99$3,038,262,559$141,061,757$52,046,083$1,929,741,229
100$3,347,891,551$147,699,995$53,515,838$2,123,285,164