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

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 $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$801,017$793,882$786,921$780,126$773,492$749,933
2 years$396,543$389,158$382,000$375,061$368,329$344,797
3 years$261,736$254,319$247,180$240,305$233,683$210,915
4 years$194,346$186,951$179,883$173,126$166,665$144,835
5 years$153,922$146,572$139,597$132,978$126,696$105,863
6 years$126,982$119,687$112,815$106,343$100,250$80,433
7 years$107,746$100,513$93,750$87,431$81,530$62,728
8 years$93,326$86,158$79,507$73,343$67,637$49,838
9 years$82,117$75,016$68,480$62,472$56,960$40,145
10 years$73,154$66,123$59,702$53,852$48,533$32,677
11 years$65,826$58,866$52,561$46,867$41,740$26,816
12 years$59,723$52,835$46,646$41,109$36,171$22,148
13 years$54,564$47,747$41,675$36,293$31,542$18,387
14 years$50,145$43,401$37,446$32,217$27,649$15,329
15 years$46,319$39,647$33,808$28,732$24,345$12,823
16 years$42,975$36,376$30,652$25,726$21,516$10,756
17 years$40,027$33,501$27,892$23,115$19,078$9,044
18 years$37,409$30,956$25,462$20,831$16,963$7,619
19 years$35,070$28,690$23,309$18,823$15,119$6,429
20 years$32,967$26,660$21,392$17,047$13,505$5,431
21 years$31,067$24,833$19,677$15,472$12,085$4,594
22 years$29,342$23,180$18,135$14,067$10,833$3,890
23 years$27,770$21,680$16,744$12,811$9,724$3,296
24 years$26,330$20,313$15,486$11,685$8,740$2,794
25 years$25,008$19,063$14,343$10,671$7,865$2,371
26 years$23,790$17,916$13,302$9,757$7,084$2,012
27 years$22,663$16,861$12,352$8,931$6,387$1,709
28 years$21,619$15,888$11,483$8,183$5,763$1,451
29 years$20,649$14,988$10,686$7,504$5,204$1,233
30 years$19,745$14,155$9,954$6,887$4,702$1,048
31 years$18,901$13,381$9,280$6,325$4,251$891
32 years$18,111$12,661$8,658$5,813$3,846$757
33 years$17,371$11,990$8,084$5,345$3,480$644
34 years$16,676$11,364$7,553$4,918$3,151$548
35 years$16,022$10,779$7,062$4,527$2,854$466
36 years$15,406$10,231$6,606$4,170$2,586$396
37 years$14,824$9,717$6,183$3,842$2,344$337
38 years$14,275$9,234$5,790$3,541$2,125$287
39 years$13,754$8,781$5,425$3,265$1,927$244
40 years$13,261$8,354$5,085$3,011$1,748$208
41 years$12,794$7,953$4,768$2,778$1,586$177
42 years$12,350$7,574$4,472$2,564$1,439$150
43 years$11,927$7,216$4,197$2,367$1,306$128
44 years$11,525$6,879$3,939$2,186$1,185$109
45 years$11,142$6,559$3,699$2,018$1,076$93
46 years$10,776$6,257$3,474$1,864$977$79
47 years$10,428$5,971$3,264$1,723$887$67
48 years$10,094$5,701$3,067$1,592$806$57
49 years$9,776$5,444$2,883$1,471$732$49
50 years$9,471$5,200$2,710$1,360$665$41

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 $2,034 every year, while hoping to spend $35,827 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: 63/31/6 Blend
39$9,700,000$9,700,000$9,700,000$9,700,000
40$10,691,498$10,177,398$10,027,048$11,353,874
41$11,743,911$10,637,971$10,324,835$12,256,038
42$12,902,470$11,119,911$10,631,396$13,236,208
43$14,177,963$11,624,228$10,946,989$14,305,402
44$15,582,278$12,151,978$11,271,876$15,472,231
45$17,128,516$12,704,271$11,606,330$16,746,169
46$18,831,111$13,282,266$11,950,628$18,137,632
47$20,705,968$13,887,181$12,305,058$19,658,075
48$22,770,615$14,520,291$12,669,915$21,320,100
49$25,044,363$15,182,931$13,045,503$23,137,568
50$27,548,495$15,876,501$13,432,134$25,125,729
51$30,306,461$16,602,469$13,830,130$27,301,361
52$33,344,102$17,362,372$14,239,821$29,682,925
53$36,689,893$18,157,821$14,661,548$32,290,735
54$40,375,213$18,990,505$15,095,661$35,147,147
55$44,434,639$19,862,194$15,542,520$38,276,764
56$48,906,272$20,774,742$16,002,494$41,706,666
57$53,832,100$21,730,092$16,475,966$45,466,657
58$59,258,390$22,730,282$16,963,327$49,589,547
59$65,236,127$23,777,448$17,464,979$54,111,452
60$71,821,495$24,873,826$17,981,339$59,072,131
61$79,076,406$26,021,762$18,512,832$64,515,357
62$87,069,085$27,223,713$19,059,898$70,489,323
63$95,874,714$28,482,258$19,622,987$77,047,089
64$105,576,142$29,800,095$20,202,564$84,247,083
65$116,264,665$31,180,057$20,799,106$92,153,638
66$128,040,889$32,625,108$21,413,105$100,837,596
67$141,015,681$34,138,360$22,045,066$110,376,970
68$155,311,213$35,723,071$22,695,507$120,857,671
69$171,062,114$37,382,660$23,364,965$132,374,312
70$188,416,746$39,120,706$24,053,987$145,031,094
71$207,538,599$40,940,966$24,763,140$158,942,776
72$228,607,836$42,847,373$25,493,006$174,235,757
73$251,822,995$44,844,054$26,244,181$191,049,249
74$277,402,861$46,935,332$27,017,281$209,536,594
75$305,588,531$49,125,742$27,812,938$229,866,687
76$336,645,693$51,420,035$28,631,803$252,225,572
77$370,867,130$53,823,193$29,474,545$276,818,178
78$408,575,486$56,340,439$30,341,851$303,870,245
79$450,126,312$58,977,246$31,234,429$333,630,442
80$495,911,420$61,739,355$32,153,007$366,372,700
81$546,362,584$64,632,783$33,098,332$402,398,786
82$601,955,615$67,663,837$34,071,173$442,041,136
83$663,214,852$70,839,130$35,072,323$485,665,978
84$730,718,115$74,165,594$36,102,593$533,676,773
85$805,102,153$77,650,500$37,162,821$586,518,008
86$887,068,664$81,301,465$38,253,866$644,679,373
87$977,390,910$85,126,479$39,376,613$708,700,369
88$1,076,921,025$89,133,919$40,531,972$779,175,377
89$1,186,598,053$93,332,564$41,720,876$856,759,252
90$1,307,456,817$97,731,623$42,944,288$942,173,485
91$1,440,637,686$102,340,746$44,203,196$1,036,212,988
92$1,587,397,343$107,170,056$45,498,616$1,139,753,581
93$1,749,120,645$112,230,161$46,831,593$1,253,760,230
94$1,927,333,701$117,532,189$48,203,201$1,379,296,136
95$2,123,718,274$123,087,802$49,614,544$1,517,532,743
96$2,340,127,665$128,909,231$51,066,758$1,669,760,772
97$2,578,604,203$135,009,300$52,561,010$1,837,402,371
98$2,841,398,528$141,401,452$54,098,501$2,022,024,519
99$3,130,990,841$148,099,786$55,680,463$2,225,353,779
100$3,450,114,314$155,119,082$57,308,166$2,449,292,571