Can I retire at age 40 with 9,600,000?

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 $9,600,000?

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$792,759$785,698$778,808$772,084$765,517$752,526
2 years$392,455$385,146$378,062$371,194$364,532$351,483
3 years$259,038$251,697$244,631$237,828$231,274$218,574
4 years$192,342$185,024$178,029$171,341$164,947$152,694
5 years$152,335$145,061$138,158$131,607$125,390$113,619
6 years$125,673$118,453$111,652$105,247$99,217$87,942
7 years$106,636$99,477$92,783$86,529$80,690$69,914
8 years$92,364$85,270$78,688$72,587$66,940$56,660
9 years$81,270$74,243$67,774$61,828$56,373$46,585
10 years$72,400$65,441$59,087$53,297$48,033$38,727
11 years$65,147$58,259$52,019$46,384$41,310$32,476
12 years$59,108$52,290$46,165$40,685$35,798$27,426
13 years$54,001$47,255$41,246$35,919$31,217$23,293
14 years$49,628$42,953$37,060$31,885$27,364$19,875
15 years$45,842$39,239$33,460$28,435$24,094$17,025
16 years$42,532$36,001$30,336$25,461$21,294$14,631
17 years$39,614$33,155$27,605$22,876$18,881$12,608
18 years$37,024$30,637$25,200$20,616$16,788$10,890
19 years$34,708$28,394$23,069$18,629$14,963$9,425
20 years$32,627$26,385$21,172$16,872$13,366$8,170
21 years$30,747$24,577$19,474$15,312$11,961$7,093
22 years$29,040$22,941$17,948$13,922$10,721$6,166
23 years$27,483$21,457$16,572$12,679$9,624$5,365
24 years$26,059$20,104$15,326$11,564$8,650$4,673
25 years$24,750$18,866$14,195$10,561$7,784$4,073
26 years$23,544$17,731$13,165$9,657$7,011$3,553
27 years$22,430$16,687$12,225$8,839$6,321$3,101
28 years$21,396$15,724$11,365$8,098$5,704$2,708
29 years$20,436$14,834$10,576$7,426$5,150$2,366
30 years$19,541$14,009$9,851$6,816$4,654$2,068
31 years$18,706$13,243$9,184$6,260$4,207$1,808
32 years$17,925$12,531$8,569$5,753$3,806$1,581
33 years$17,192$11,867$8,001$5,290$3,444$1,383
34 years$16,504$11,247$7,475$4,867$3,118$1,210
35 years$15,857$10,668$6,989$4,481$2,825$1,059
36 years$15,247$10,125$6,538$4,127$2,559$927
37 years$14,671$9,617$6,119$3,802$2,319$812
38 years$14,127$9,139$5,731$3,504$2,103$711
39 years$13,613$8,690$5,369$3,231$1,907$623
40 years$13,125$8,268$5,032$2,980$1,730$545
41 years$12,662$7,871$4,719$2,750$1,569$478
42 years$12,222$7,496$4,426$2,538$1,424$418
43 years$11,804$7,142$4,153$2,343$1,292$366
44 years$11,406$6,808$3,899$2,163$1,173$321
45 years$11,027$6,492$3,661$1,998$1,065$281
46 years$10,665$6,193$3,438$1,845$967$246
47 years$10,320$5,910$3,230$1,705$878$216
48 years$9,990$5,642$3,036$1,575$797$189
49 years$9,675$5,388$2,853$1,456$724$166
50 years$9,373$5,146$2,682$1,346$658$145

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $9,600,000, adding $5,180 every year, while hoping to spend $25,365 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: 64/10/26 Blend
39$9,600,000$9,600,000$9,600,000$9,600,000
40$10,584,543$10,075,743$9,926,943$11,189,059
41$11,637,178$10,542,466$10,232,508$12,065,080
42$12,796,332$11,031,209$10,547,458$13,018,575
43$14,072,843$11,543,023$10,872,083$14,059,861
44$15,478,653$12,079,011$11,206,678$15,197,556
45$17,026,923$12,640,330$11,551,549$16,441,146
46$18,732,154$13,228,191$11,907,011$17,801,070
47$20,610,326$13,843,865$12,273,388$19,288,819
48$22,679,047$14,488,682$12,651,014$20,917,041
49$24,957,722$15,164,040$13,040,235$22,699,660
50$27,467,732$15,871,400$13,441,405$24,652,007
51$30,232,639$16,612,297$13,854,891$26,790,957
52$33,278,408$17,388,339$14,281,069$29,135,093
53$36,633,649$18,201,211$14,720,328$31,704,875
54$40,329,891$19,052,680$15,173,069$34,522,833
55$44,401,878$19,944,599$15,639,705$37,613,777
56$48,887,894$20,878,910$16,120,660$41,005,025
57$53,830,131$21,857,648$16,616,374$44,726,665
58$59,275,080$22,882,948$17,127,298$48,811,833
59$65,273,973$23,957,048$17,653,898$53,297,022
60$71,883,268$25,082,293$18,196,653$58,222,424
61$79,165,178$26,261,142$18,756,057$63,632,310
62$87,188,262$27,496,174$19,332,621$69,575,439
63$96,028,071$28,790,092$19,926,870$76,105,520
64$105,767,858$30,145,730$20,539,343$83,281,714
65$116,499,368$31,566,059$21,170,600$91,169,187
66$128,323,702$33,054,195$21,821,214$99,839,727
67$141,352,273$34,613,404$22,491,778$109,372,412
68$155,707,854$36,247,110$23,182,902$119,854,354
69$171,525,740$37,958,904$23,895,214$131,381,520
70$188,955,025$39,752,549$24,629,363$144,059,632
71$208,160,007$41,631,993$25,386,016$158,005,161
72$229,321,742$43,601,375$26,165,861$173,346,419
73$252,639,750$45,665,032$26,969,608$190,224,772
74$278,333,901$47,827,516$27,797,987$208,795,962
75$306,646,490$50,093,595$28,651,751$229,231,578
76$337,844,523$52,468,272$29,531,675$251,720,667
77$372,222,238$54,956,791$30,438,560$276,471,515
78$410,103,883$57,564,652$31,373,229$303,713,607
79$451,846,778$60,297,619$32,336,531$333,699,784
80$497,844,686$63,161,738$33,329,341$366,708,631
81$548,531,531$66,163,350$34,352,561$403,047,092
82$604,385,495$69,309,102$35,407,120$443,053,367
83$665,933,531$72,605,964$36,493,974$487,100,095
84$733,756,339$76,061,244$37,614,110$535,597,862
85$808,493,848$79,682,607$38,768,545$588,999,076
86$890,851,255$83,478,089$39,958,326$647,802,223
87$981,605,685$87,456,118$41,184,532$712,556,567
88$1,081,613,527$91,625,529$42,448,275$783,867,329
89$1,191,818,516$95,995,590$43,750,702$862,401,386
90$1,313,260,647$100,576,016$45,092,993$948,893,563
91$1,447,085,990$105,376,998$46,476,365$1,044,153,556
92$1,594,557,509$110,409,219$47,902,072$1,149,073,567
93$1,757,066,989$115,683,885$49,371,405$1,264,636,717
94$1,936,148,172$121,212,745$50,885,697$1,391,926,312
95$2,133,491,236$127,008,120$52,446,318$1,532,136,065
96$2,350,958,755$133,082,931$54,054,682$1,686,581,346
97$2,590,603,280$139,450,727$55,712,247$1,856,711,592
98$2,854,686,719$146,125,717$57,420,511$2,044,123,975
99$3,145,701,689$153,122,801$59,181,023$2,250,578,467
100$3,466,395,049$160,457,606$60,995,375$2,478,014,440