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

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$784,501$777,513$770,696$764,041$757,543$744,687
2 years$388,367$381,134$374,124$367,327$360,735$347,822
3 years$256,339$249,075$242,083$235,350$228,865$216,298
4 years$190,339$183,097$176,174$169,557$163,228$151,103
5 years$150,748$143,550$136,719$130,236$124,084$112,436
6 years$124,364$117,219$110,489$104,151$98,183$87,026
7 years$105,525$98,441$91,817$85,628$79,849$69,185
8 years$91,402$84,382$77,868$71,831$66,243$56,070
9 years$80,423$73,470$67,068$61,184$55,786$46,099
10 years$71,646$64,760$58,471$52,741$47,532$38,323
11 years$64,469$57,652$51,477$45,901$40,879$32,138
12 years$58,492$51,745$45,685$40,261$35,425$27,140
13 years$53,439$46,763$40,816$35,545$30,891$23,050
14 years$49,111$42,506$36,673$31,552$27,079$19,668
15 years$45,364$38,830$33,111$28,139$23,843$16,847
16 years$42,089$35,626$30,020$25,196$21,072$14,478
17 years$39,201$32,810$27,317$22,638$18,684$12,477
18 years$36,638$30,318$24,937$20,401$16,613$10,777
19 years$34,347$28,098$22,829$18,434$14,808$9,327
20 years$32,287$26,110$20,951$16,696$13,226$8,085
21 years$30,427$24,321$19,271$15,153$11,836$7,019
22 years$28,737$22,702$17,761$13,777$10,609$6,102
23 years$27,197$21,233$16,399$12,547$9,524$5,309
24 years$25,787$19,894$15,167$11,444$8,560$4,624
25 years$24,492$18,670$14,047$10,451$7,703$4,031
26 years$23,299$17,546$13,028$9,556$6,938$3,516
27 years$22,196$16,513$12,098$8,747$6,256$3,069
28 years$21,173$15,560$11,246$8,014$5,644$2,680
29 years$20,223$14,679$10,466$7,349$5,097$2,341
30 years$19,338$13,863$9,748$6,745$4,605$2,046
31 years$18,511$13,105$9,088$6,194$4,164$1,789
32 years$17,738$12,400$8,479$5,693$3,766$1,565
33 years$17,013$11,743$7,917$5,235$3,408$1,369
34 years$16,332$11,130$7,397$4,817$3,086$1,198
35 years$15,692$10,557$6,916$4,434$2,795$1,048
36 years$15,088$10,020$6,470$4,084$2,533$918
37 years$14,519$9,516$6,056$3,762$2,295$803
38 years$13,980$9,044$5,671$3,468$2,081$703
39 years$13,471$8,600$5,313$3,198$1,887$616
40 years$12,988$8,182$4,980$2,949$1,712$540
41 years$12,530$7,789$4,670$2,721$1,553$473
42 years$12,095$7,418$4,380$2,511$1,409$414
43 years$11,681$7,068$4,110$2,318$1,279$363
44 years$11,287$6,737$3,858$2,140$1,161$318
45 years$10,912$6,424$3,623$1,977$1,054$278
46 years$10,554$6,128$3,403$1,826$957$244
47 years$10,213$5,848$3,197$1,687$869$214
48 years$9,886$5,583$3,004$1,559$789$187
49 years$9,574$5,332$2,823$1,441$717$164
50 years$9,275$5,093$2,654$1,332$651$144

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 $4,436 every year, while hoping to spend $57,203 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: 65/30/5 Blend
39$9,500,000$9,500,000$9,500,000$9,500,000
40$10,473,576$9,970,076$9,822,826$11,147,021
41$11,481,017$10,397,746$10,091,027$12,022,509
42$12,589,300$10,844,455$10,366,295$12,971,334
43$13,808,650$11,311,075$10,648,808$14,006,362
44$15,150,334$11,798,519$10,938,745$15,135,961
45$16,626,766$12,307,744$11,236,290$16,369,331
46$18,251,623$12,839,751$11,541,633$17,716,597
47$20,039,977$13,395,587$11,854,967$19,188,893
48$22,008,434$13,976,350$12,176,487$20,798,470
49$24,175,291$14,583,188$12,506,396$22,558,807
50$26,560,711$15,217,304$12,844,901$24,484,735
51$29,186,909$15,879,957$13,192,210$26,592,575
52$32,078,365$16,572,467$13,548,540$28,900,286
53$35,262,052$17,296,212$13,914,111$31,427,638
54$38,767,695$18,052,639$14,289,146$34,196,387
55$42,628,043$18,843,262$14,673,876$37,230,482
56$46,879,187$19,669,666$15,068,535$40,556,285
57$51,560,895$20,533,510$15,473,362$44,202,816
58$56,716,989$21,436,534$15,888,602$48,202,025
59$62,395,756$22,380,558$16,314,504$52,589,087
60$68,650,406$23,367,489$16,751,323$57,402,730
61$75,539,575$24,399,323$17,199,320$62,685,596
62$83,127,873$25,478,152$17,658,759$68,484,638
63$91,486,502$26,606,167$18,129,913$74,851,560
64$100,693,917$27,785,661$18,613,057$81,843,299
65$110,836,576$29,019,038$19,108,474$89,522,553
66$122,009,750$30,308,815$19,616,451$97,958,374
67$134,318,425$31,657,627$20,137,283$107,226,808
68$147,878,291$33,068,238$20,671,268$117,411,607
69$162,816,834$34,543,539$21,218,713$128,605,018
70$179,274,540$36,086,560$21,779,929$140,908,640
71$197,406,219$37,700,478$22,355,232$154,434,380
72$217,382,468$39,388,615$22,944,947$169,305,500
73$239,391,279$41,154,458$23,549,403$185,657,772
74$263,639,818$43,001,654$24,168,936$203,640,755
75$290,356,372$44,934,028$24,803,888$223,419,193
76$319,792,511$46,955,585$25,454,607$245,174,564
77$352,225,460$49,070,521$26,121,449$269,106,784
78$387,960,714$51,283,234$26,804,775$295,436,082
79$427,334,924$53,598,330$27,504,952$324,405,071
80$470,719,074$56,020,635$28,222,356$356,281,024
81$518,521,980$58,555,207$28,957,365$391,358,388
82$571,194,154$61,207,344$29,710,369$429,961,553
83$629,232,053$63,982,598$30,481,761$472,447,899
84$693,182,763$66,886,787$31,271,941$519,211,157
85$763,649,171$69,926,006$32,081,317$570,685,113
86$841,295,648$73,106,642$32,910,303$627,347,689
87$926,854,326$76,435,388$33,759,319$689,725,439
88$1,021,132,003$79,919,259$34,628,793$758,398,504
89$1,125,017,768$83,565,603$35,519,158$834,006,072
90$1,239,491,385$87,382,122$36,430,854$917,252,397
91$1,365,632,548$91,376,888$37,364,330$1,008,913,427
92$1,504,631,070$95,558,357$38,320,037$1,109,844,110
93$1,657,798,118$99,935,396$39,298,437$1,220,986,450
94$1,826,578,587$104,517,291$40,299,995$1,343,378,373
95$2,012,564,743$109,313,778$41,325,186$1,478,163,508
96$2,217,511,254$114,335,061$42,374,487$1,626,601,960
97$2,443,351,754$119,591,831$43,448,384$1,790,082,182
98$2,692,217,097$125,095,294$44,547,368$1,970,134,057
99$2,966,455,474$130,857,197$45,671,938$2,168,443,318
100$3,268,654,580$136,889,848$46,822,597$2,386,867,431