Can I retire at age 40 with 9,700,000?

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 $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$801,017$793,882$786,921$780,126$773,492$762,562
2 years$396,543$389,158$382,000$375,061$368,329$357,339
3 years$261,736$254,319$247,180$240,305$233,683$222,974
4 years$194,346$186,951$179,883$173,126$166,665$156,319
5 years$153,922$146,572$139,597$132,978$126,696$116,744
6 years$126,982$119,687$112,815$106,343$100,250$90,704
7 years$107,746$100,513$93,750$87,431$81,530$72,392
8 years$93,326$86,158$79,507$73,343$67,637$58,907
9 years$82,117$75,016$68,480$62,472$56,960$48,633
10 years$73,154$66,123$59,702$53,852$48,533$40,603
11 years$65,826$58,866$52,561$46,867$41,740$34,199
12 years$59,723$52,835$46,646$41,109$36,171$29,011
13 years$54,564$47,747$41,675$36,293$31,542$24,752
14 years$50,145$43,401$37,446$32,217$27,649$21,220
15 years$46,319$39,647$33,808$28,732$24,345$18,264
16 years$42,975$36,376$30,652$25,726$21,516$15,773
17 years$40,027$33,501$27,892$23,115$19,078$13,660
18 years$37,409$30,956$25,462$20,831$16,963$11,858
19 years$35,070$28,690$23,309$18,823$15,119$10,316
20 years$32,967$26,660$21,392$17,047$13,505$8,990
21 years$31,067$24,833$19,677$15,472$12,085$7,846
22 years$29,342$23,180$18,135$14,067$10,833$6,856
23 years$27,770$21,680$16,744$12,811$9,724$5,999
24 years$26,330$20,313$15,486$11,685$8,740$5,253
25 years$25,008$19,063$14,343$10,671$7,865$4,605
26 years$23,790$17,916$13,302$9,757$7,084$4,039
27 years$22,663$16,861$12,352$8,931$6,387$3,545
28 years$21,619$15,888$11,483$8,183$5,763$3,114
29 years$20,649$14,988$10,686$7,504$5,204$2,736
30 years$19,745$14,155$9,954$6,887$4,702$2,405
31 years$18,901$13,381$9,280$6,325$4,251$2,115
32 years$18,111$12,661$8,658$5,813$3,846$1,860
33 years$17,371$11,990$8,084$5,345$3,480$1,637
34 years$16,676$11,364$7,553$4,918$3,151$1,441
35 years$16,022$10,779$7,062$4,527$2,854$1,268
36 years$15,406$10,231$6,606$4,170$2,586$1,117
37 years$14,824$9,717$6,183$3,842$2,344$984
38 years$14,275$9,234$5,790$3,541$2,125$866
39 years$13,754$8,781$5,425$3,265$1,927$763
40 years$13,261$8,354$5,085$3,011$1,748$673
41 years$12,794$7,953$4,768$2,778$1,586$593
42 years$12,350$7,574$4,472$2,564$1,439$522
43 years$11,927$7,216$4,197$2,367$1,306$460
44 years$11,525$6,879$3,939$2,186$1,185$406
45 years$11,142$6,559$3,699$2,018$1,076$358
46 years$10,776$6,257$3,474$1,864$977$315
47 years$10,428$5,971$3,264$1,723$887$278
48 years$10,094$5,701$3,067$1,592$806$245
49 years$9,776$5,444$2,883$1,471$732$216
50 years$9,471$5,200$2,710$1,360$665$190

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $9,700,000, adding $5,543 every year, while hoping to spend $36,313 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: 44/35/21 Blend
39$9,700,000$9,700,000$9,700,000$9,700,000
40$10,695,118$10,181,018$10,030,668$11,100,420
41$11,747,383$10,641,251$10,328,058$11,847,225
42$12,905,762$11,122,818$10,634,194$12,652,233
43$14,181,041$11,626,727$10,949,331$13,524,083
44$15,585,103$12,154,033$11,273,729$14,468,980
45$17,131,043$12,705,840$11,607,659$15,493,739
46$18,833,292$13,283,309$11,951,398$16,605,841
47$20,707,749$13,887,652$12,305,231$17,813,505
48$22,771,934$14,520,142$12,669,451$19,125,756
49$25,045,155$15,182,112$13,044,361$20,552,510
50$27,548,684$15,874,959$13,430,270$22,104,663
51$30,305,964$16,600,146$13,827,499$23,794,189
52$33,342,827$17,359,208$14,236,374$25,634,248
53$36,687,738$18,153,752$14,657,236$27,639,305
54$40,372,064$18,985,463$15,090,430$29,825,264
55$44,430,370$19,856,106$15,536,315$32,209,611
56$48,900,745$20,767,532$15,995,259$34,811,572
57$53,825,159$21,721,680$16,467,639$37,652,295
58$59,249,865$22,720,582$16,953,844$40,755,035
59$65,225,829$23,766,368$17,454,276$44,145,374
60$71,809,215$24,861,271$17,969,345$47,851,455
61$79,061,912$26,007,630$18,499,475$51,904,236
62$87,052,120$27,207,898$19,045,101$56,337,783
63$95,854,996$28,464,644$19,606,671$61,189,578
64$105,553,357$29,780,563$20,184,646$66,500,866
65$116,238,468$31,158,479$20,779,500$72,317,040
66$128,010,897$32,601,350$21,391,719$78,688,055
67$140,981,472$34,112,280$22,021,805$85,668,899
68$155,272,319$35,694,519$22,670,273$93,320,092
69$171,018,022$37,351,476$23,337,652$101,708,259
70$188,366,885$39,086,723$24,024,489$110,906,740
71$207,482,341$40,904,006$24,731,343$120,996,276
72$228,544,487$42,807,250$25,458,790$132,065,760
73$251,751,789$44,800,570$26,207,424$144,213,064
74$277,322,953$46,888,279$26,977,854$157,545,949
75$305,498,988$49,074,898$27,770,706$172,183,073
76$336,545,485$51,365,169$28,586,625$188,255,096
77$370,755,122$53,764,059$29,426,274$205,905,899
78$408,450,424$56,276,778$30,290,335$225,293,930
79$449,986,813$58,908,786$31,179,506$246,593,682
80$495,755,959$61,665,807$32,094,511$269,997,327
81$546,189,478$64,553,843$33,036,088$295,716,511
82$601,763,008$67,579,185$34,005,000$323,984,337
83$663,000,698$70,748,427$35,002,030$355,057,546
84$730,480,154$74,068,485$36,027,984$389,218,921
85$804,837,897$77,546,608$37,083,688$426,779,940
86$886,775,365$81,190,395$38,169,995$468,083,691
87$977,065,542$85,007,814$39,287,779$513,508,095
88$1,076,560,247$89,007,217$40,437,940$563,469,444
89$1,186,198,185$93,197,363$41,621,403$618,426,313
90$1,307,013,799$97,587,432$42,839,119$678,883,862
91$1,440,147,042$102,187,053$44,092,066$745,398,577
92$1,586,854,138$107,006,316$45,381,248$818,583,500
93$1,748,519,440$112,055,805$46,707,699$899,113,986
94$1,926,668,496$117,346,613$48,072,480$987,734,048
95$2,122,982,459$122,890,373$49,476,684$1,085,263,350
96$2,339,313,950$128,699,281$50,921,433$1,192,604,914
97$2,577,704,552$134,786,126$52,407,880$1,310,753,608
98$2,840,404,084$141,164,313$53,937,212$1,440,805,504
99$3,129,891,838$147,847,903$55,510,647$1,583,968,189
100$3,448,899,990$154,851,634$57,129,437$1,741,572,124