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%17.1%
1 years$784,501$777,513$770,696$764,041$757,543$735,653
2 years$388,367$381,134$374,124$367,327$360,735$338,854
3 years$256,339$249,075$242,083$235,350$228,865$207,680
4 years$190,339$183,097$176,174$169,557$163,228$142,902
5 years$150,748$143,550$136,719$130,236$124,084$104,671
6 years$124,364$117,219$110,489$104,151$98,183$79,701
7 years$105,525$98,441$91,817$85,628$79,849$62,299
8 years$91,402$84,382$77,868$71,831$66,243$49,613
9 years$80,423$73,470$67,068$61,184$55,786$40,061
10 years$71,646$64,760$58,471$52,741$47,532$32,691
11 years$64,469$57,652$51,477$45,901$40,879$26,896
12 years$58,492$51,745$45,685$40,261$35,425$22,273
13 years$53,439$46,763$40,816$35,545$30,891$18,541
14 years$49,111$42,506$36,673$31,552$27,079$15,500
15 years$45,364$38,830$33,111$28,139$23,843$13,003
16 years$42,089$35,626$30,020$25,196$21,072$10,939
17 years$39,201$32,810$27,317$22,638$18,684$9,224
18 years$36,638$30,318$24,937$20,401$16,613$7,794
19 years$34,347$28,098$22,829$18,434$14,808$6,596
20 years$32,287$26,110$20,951$16,696$13,226$5,590
21 years$30,427$24,321$19,271$15,153$11,836$4,743
22 years$28,737$22,702$17,761$13,777$10,609$4,028
23 years$27,197$21,233$16,399$12,547$9,524$3,424
24 years$25,787$19,894$15,167$11,444$8,560$2,912
25 years$24,492$18,670$14,047$10,451$7,703$2,479
26 years$23,299$17,546$13,028$9,556$6,938$2,111
27 years$22,196$16,513$12,098$8,747$6,256$1,798
28 years$21,173$15,560$11,246$8,014$5,644$1,532
29 years$20,223$14,679$10,466$7,349$5,097$1,306
30 years$19,338$13,863$9,748$6,745$4,605$1,114
31 years$18,511$13,105$9,088$6,194$4,164$950
32 years$17,738$12,400$8,479$5,693$3,766$810
33 years$17,013$11,743$7,917$5,235$3,408$691
34 years$16,332$11,130$7,397$4,817$3,086$590
35 years$15,692$10,557$6,916$4,434$2,795$503
36 years$15,088$10,020$6,470$4,084$2,533$430
37 years$14,519$9,516$6,056$3,762$2,295$367
38 years$13,980$9,044$5,671$3,468$2,081$313
39 years$13,471$8,600$5,313$3,198$1,887$267
40 years$12,988$8,182$4,980$2,949$1,712$228
41 years$12,530$7,789$4,670$2,721$1,553$195
42 years$12,095$7,418$4,380$2,511$1,409$166
43 years$11,681$7,068$4,110$2,318$1,279$142
44 years$11,287$6,737$3,858$2,140$1,161$121
45 years$10,912$6,424$3,623$1,977$1,054$104
46 years$10,554$6,128$3,403$1,826$957$88
47 years$10,213$5,848$3,197$1,687$869$75
48 years$9,886$5,583$3,004$1,559$789$64
49 years$9,574$5,332$2,823$1,441$717$55
50 years$9,275$5,093$2,654$1,332$651$47

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 $3,345 every year, while hoping to spend $28,511 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: 43/45/12 Blend
39$9,500,000$9,500,000$9,500,000$9,500,000
40$10,472,450$9,968,950$9,821,700$10,886,164
41$11,510,305$10,427,093$10,120,392$11,633,635
42$12,653,065$10,906,730$10,428,134$12,439,789
43$13,911,401$11,408,883$10,745,200$13,312,496
44$15,297,070$11,934,625$11,071,870$14,257,871
45$16,823,029$12,485,079$11,408,436$15,282,618
46$18,503,554$13,061,424$11,755,195$16,394,096
47$20,354,377$13,664,894$12,112,454$17,600,380
48$22,392,833$14,296,783$12,480,530$18,910,335
49$24,638,023$14,958,448$12,859,750$20,333,694
50$27,110,999$15,651,309$13,250,449$21,881,143
51$29,834,955$16,376,857$13,652,973$23,564,421
52$32,835,451$17,136,654$14,067,678$25,396,422
53$36,140,654$17,932,337$14,494,933$27,391,309
54$39,781,602$18,765,622$14,935,113$29,564,649
55$43,792,495$19,638,308$15,388,610$31,933,545
56$48,211,025$20,552,280$15,855,824$34,516,797
57$53,078,724$21,509,516$16,337,168$37,335,071
58$58,441,357$22,512,086$16,833,067$40,411,083
59$64,349,361$23,562,163$17,343,960$43,769,813
60$70,858,311$24,662,025$17,870,298$47,438,726
61$78,029,452$25,814,056$18,412,545$51,448,030
62$85,930,272$27,020,761$18,971,181$55,830,943
63$94,635,142$28,284,761$19,546,699$60,624,009
64$104,226,019$29,608,807$20,139,606$65,867,422
65$114,793,216$30,995,781$20,750,425$71,605,405
66$126,436,255$32,448,705$21,379,695$77,886,611
67$139,264,809$33,970,748$22,027,971$84,764,574
68$153,399,735$35,565,230$22,695,824$92,298,202
69$168,974,216$37,235,635$23,383,842$100,552,323
70$186,135,017$38,985,612$24,092,632$109,598,280
71$205,043,871$40,818,989$24,822,817$119,514,597
72$225,879,004$42,739,778$25,575,040$130,387,702
73$248,836,823$44,752,187$26,349,964$142,312,733
74$274,133,761$46,860,627$27,148,270$155,394,414
75$302,008,327$49,069,720$27,970,660$169,748,038
76$332,723,356$51,384,316$28,817,857$185,500,528
77$366,568,489$53,809,498$29,690,605$202,791,625
78$403,862,907$56,350,595$30,589,672$221,775,190
79$444,958,345$59,013,196$31,515,848$242,620,630
80$490,242,412$61,803,159$32,469,945$265,514,484
81$540,142,252$64,726,627$33,452,802$290,662,163
82$595,128,571$67,790,041$34,465,280$318,289,863
83$655,720,087$71,000,155$35,508,269$348,646,683
84$722,488,421$74,364,049$36,582,682$382,006,947
85$796,063,500$77,889,147$37,689,461$418,672,773
86$877,139,497$81,583,235$38,829,578$458,976,897
87$966,481,387$85,454,475$40,004,030$503,285,790
88$1,064,932,171$89,511,426$41,213,847$552,003,082
89$1,173,420,829$93,763,063$42,460,088$605,573,348
90$1,292,971,096$98,218,795$43,743,844$664,486,274
91$1,424,711,123$102,888,491$45,066,237$729,281,241
92$1,569,884,127$107,782,497$46,428,426$800,552,390
93$1,729,860,130$112,911,661$47,831,600$878,954,188
94$1,906,148,892$118,287,361$49,276,987$965,207,572
95$2,100,414,163$123,921,526$50,765,851$1,060,106,715
96$2,314,489,391$129,826,665$52,299,490$1,164,526,482
97$2,550,395,032$136,015,894$53,879,246$1,279,430,644
98$2,810,357,621$142,502,969$55,506,497$1,405,880,931
99$3,096,830,797$149,302,313$57,182,663$1,545,047,010
100$3,412,518,463$156,429,050$58,909,206$1,698,217,474