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%12.7%
1 years$784,501$777,513$770,696$764,041$757,543$749,009
2 years$388,367$381,134$374,124$367,327$360,735$352,143
3 years$256,339$249,075$242,083$235,350$228,865$220,483
4 years$190,339$183,097$176,174$169,557$163,228$155,120
5 years$150,748$143,550$136,719$130,236$124,084$116,273
6 years$124,364$117,219$110,489$104,151$98,183$90,680
7 years$105,525$98,441$91,817$85,628$79,849$72,656
8 years$91,402$84,382$77,868$71,831$66,243$59,360
9 years$80,423$73,470$67,068$61,184$55,786$49,210
10 years$71,646$64,760$58,471$52,741$47,532$41,259
11 years$64,469$57,652$51,477$45,901$40,879$34,904
12 years$58,492$51,745$45,685$40,261$35,425$29,741
13 years$53,439$46,763$40,816$35,545$30,891$25,491
14 years$49,111$42,506$36,673$31,552$27,079$21,956
15 years$45,364$38,830$33,111$28,139$23,843$18,988
16 years$42,089$35,626$30,020$25,196$21,072$16,477
17 years$39,201$32,810$27,317$22,638$18,684$14,341
18 years$36,638$30,318$24,937$20,401$16,613$12,512
19 years$34,347$28,098$22,829$18,434$14,808$10,940
20 years$32,287$26,110$20,951$16,696$13,226$9,583
21 years$30,427$24,321$19,271$15,153$11,836$8,408
22 years$28,737$22,702$17,761$13,777$10,609$7,387
23 years$27,197$21,233$16,399$12,547$9,524$6,497
24 years$25,787$19,894$15,167$11,444$8,560$5,721
25 years$24,492$18,670$14,047$10,451$7,703$5,042
26 years$23,299$17,546$13,028$9,556$6,938$4,447
27 years$22,196$16,513$12,098$8,747$6,256$3,926
28 years$21,173$15,560$11,246$8,014$5,644$3,467
29 years$20,223$14,679$10,466$7,349$5,097$3,064
30 years$19,338$13,863$9,748$6,745$4,605$2,709
31 years$18,511$13,105$9,088$6,194$4,164$2,396
32 years$17,738$12,400$8,479$5,693$3,766$2,120
33 years$17,013$11,743$7,917$5,235$3,408$1,876
34 years$16,332$11,130$7,397$4,817$3,086$1,661
35 years$15,692$10,557$6,916$4,434$2,795$1,471
36 years$15,088$10,020$6,470$4,084$2,533$1,303
37 years$14,519$9,516$6,056$3,762$2,295$1,154
38 years$13,980$9,044$5,671$3,468$2,081$1,023
39 years$13,471$8,600$5,313$3,198$1,887$907
40 years$12,988$8,182$4,980$2,949$1,712$804
41 years$12,530$7,789$4,670$2,721$1,553$712
42 years$12,095$7,418$4,380$2,511$1,409$631
43 years$11,681$7,068$4,110$2,318$1,279$560
44 years$11,287$6,737$3,858$2,140$1,161$496
45 years$10,912$6,424$3,623$1,977$1,054$440
46 years$10,554$6,128$3,403$1,826$957$390
47 years$10,213$5,848$3,197$1,687$869$346
48 years$9,886$5,583$3,004$1,559$789$307
49 years$9,574$5,332$2,823$1,441$717$272
50 years$9,275$5,093$2,654$1,332$651$242

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 $5,897 every year, while hoping to spend $38,903 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: 33/40/27 Blend
39$9,500,000$9,500,000$9,500,000$9,500,000
40$10,475,083$9,971,583$9,824,333$10,734,497
41$11,502,149$10,418,798$10,112,055$11,378,896
42$12,632,672$10,886,623$10,408,113$12,069,016
43$13,877,163$11,376,026$10,712,743$12,812,031
44$15,247,205$11,888,022$11,026,192$13,612,647
45$16,755,560$12,423,676$11,348,710$14,476,022
46$18,416,291$12,984,100$11,680,556$15,407,809
47$20,244,895$13,570,463$12,021,996$16,414,209
48$22,258,445$14,183,987$12,373,304$17,502,020
49$24,475,758$14,825,954$12,734,761$18,678,701
50$26,917,566$15,497,705$13,106,656$19,952,435
51$29,606,714$16,200,650$13,489,285$21,332,204
52$32,568,377$16,936,260$13,882,955$22,827,867
53$35,830,296$17,706,081$14,287,978$24,450,248
54$39,423,039$18,511,732$14,704,678$26,211,232
55$43,380,291$19,354,908$15,133,387$28,123,873
56$47,739,169$20,237,388$15,574,444$30,202,511
57$52,540,577$21,161,032$16,028,200$32,462,900
58$57,829,587$22,127,793$16,495,016$34,922,351
59$63,655,866$23,139,717$16,975,260$37,599,886
60$70,074,148$24,198,946$17,469,315$40,516,416
61$77,144,743$25,307,727$17,977,570$43,694,926
62$84,934,115$26,468,414$18,500,426$47,160,685
63$93,515,503$27,683,474$19,038,298$50,941,478
64$102,969,612$28,955,492$19,591,609$55,067,857
65$113,385,379$30,287,178$20,160,795$59,573,425
66$124,860,810$31,681,372$20,746,303$64,495,138
67$137,503,903$33,141,050$21,348,596$69,873,649
68$151,433,672$34,669,333$21,968,144$75,753,680
69$166,781,265$36,269,488$22,605,436$82,184,432
70$183,691,206$37,944,944$23,260,969$89,220,039
71$202,322,755$39,699,293$23,935,258$96,920,069
72$222,851,416$41,536,298$24,628,829$105,350,073
73$245,470,590$43,459,907$25,342,224$114,582,190
74$270,393,402$45,474,254$26,076,001$124,695,816
75$297,854,713$47,583,677$26,830,731$135,778,340
76$328,113,335$49,792,718$27,607,002$147,925,952
77$361,454,476$52,106,142$28,405,417$161,244,538
78$398,192,431$54,528,941$29,226,597$175,850,663
79$438,673,550$57,066,350$30,071,178$191,872,656
80$483,279,505$59,723,855$30,939,816$209,451,800
81$532,430,898$62,507,207$31,833,183$228,743,652
82$586,591,224$65,422,435$32,751,970$249,919,489
83$646,271,254$68,475,859$33,696,886$273,167,910
84$712,033,850$71,674,104$34,668,659$298,696,586
85$784,499,283$75,024,115$35,668,040$326,734,211
86$864,351,087$78,533,174$36,695,796$357,532,627
87$952,342,510$82,208,911$37,752,717$391,369,184
88$1,049,303,628$86,059,330$38,839,615$428,549,332
89$1,156,149,179$90,092,818$39,957,323$469,409,476
90$1,273,887,198$94,318,169$41,106,697$514,320,128
91$1,403,628,536$98,744,603$42,288,615$563,689,375
92$1,546,597,343$103,381,785$43,503,979$617,966,697
93$1,704,142,626$108,239,847$44,753,717$677,647,186
94$1,877,750,988$113,329,414$46,038,781$743,276,183
95$2,069,060,657$118,661,622$47,360,147$815,454,393
96$2,279,876,951$124,248,149$48,718,820$894,843,518
97$2,512,189,330$130,101,238$50,115,830$982,172,469
98$2,768,190,166$136,233,723$51,552,235$1,078,244,207
99$3,050,295,449$142,659,062$53,029,121$1,183,943,280
100$3,361,167,593$149,391,364$54,547,605$1,300,244,134