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%12.6%
1 years$801,017$793,882$786,921$780,126$773,492$765,096
2 years$396,543$389,158$382,000$375,061$368,329$359,876
3 years$261,736$254,319$247,180$240,305$233,683$225,434
4 years$194,346$186,951$179,883$173,126$166,665$158,684
5 years$153,922$146,572$139,597$132,978$126,696$119,007
6 years$126,982$119,687$112,815$106,343$100,250$92,862
7 years$107,746$100,513$93,750$87,431$81,530$74,446
8 years$93,326$86,158$79,507$73,343$67,637$60,857
9 years$82,117$75,016$68,480$62,472$56,960$50,481
10 years$73,154$66,123$59,702$53,852$48,533$42,350
11 years$65,826$58,866$52,561$46,867$41,740$35,849
12 years$59,723$52,835$46,646$41,109$36,171$30,566
13 years$54,564$47,747$41,675$36,293$31,542$26,215
14 years$50,145$43,401$37,446$32,217$27,649$22,594
15 years$46,319$39,647$33,808$28,732$24,345$19,553
16 years$42,975$36,376$30,652$25,726$21,516$16,980
17 years$40,027$33,501$27,892$23,115$19,078$14,788
18 years$37,409$30,956$25,462$20,831$16,963$12,912
19 years$35,070$28,690$23,309$18,823$15,119$11,298
20 years$32,967$26,660$21,392$17,047$13,505$9,903
21 years$31,067$24,833$19,677$15,472$12,085$8,695
22 years$29,342$23,180$18,135$14,067$10,833$7,645
23 years$27,770$21,680$16,744$12,811$9,724$6,730
24 years$26,330$20,313$15,486$11,685$8,740$5,931
25 years$25,008$19,063$14,343$10,671$7,865$5,231
26 years$23,790$17,916$13,302$9,757$7,084$4,618
27 years$22,663$16,861$12,352$8,931$6,387$4,079
28 years$21,619$15,888$11,483$8,183$5,763$3,605
29 years$20,649$14,988$10,686$7,504$5,204$3,189
30 years$19,745$14,155$9,954$6,887$4,702$2,821
31 years$18,901$13,381$9,280$6,325$4,251$2,497
32 years$18,111$12,661$8,658$5,813$3,846$2,212
33 years$17,371$11,990$8,084$5,345$3,480$1,959
34 years$16,676$11,364$7,553$4,918$3,151$1,736
35 years$16,022$10,779$7,062$4,527$2,854$1,539
36 years$15,406$10,231$6,606$4,170$2,586$1,364
37 years$14,824$9,717$6,183$3,842$2,344$1,209
38 years$14,275$9,234$5,790$3,541$2,125$1,073
39 years$13,754$8,781$5,425$3,265$1,927$951
40 years$13,261$8,354$5,085$3,011$1,748$844
41 years$12,794$7,953$4,768$2,778$1,586$749
42 years$12,350$7,574$4,472$2,564$1,439$664
43 years$11,927$7,216$4,197$2,367$1,306$590
44 years$11,525$6,879$3,939$2,186$1,185$523
45 years$11,142$6,559$3,699$2,018$1,076$464
46 years$10,776$6,257$3,474$1,864$977$412
47 years$10,428$5,971$3,264$1,723$887$366
48 years$10,094$5,701$3,067$1,592$806$325
49 years$9,776$5,444$2,883$1,471$732$288
50 years$9,471$5,200$2,710$1,360$665$256

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 $5,814 every year, while hoping to spend $35,169 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: 48/27/25 Blend
39$9,700,000$9,700,000$9,700,000$9,700,000
40$10,695,397$10,181,297$10,030,947$11,132,409
41$11,748,908$10,642,761$10,329,564$11,900,593
42$12,908,698$11,125,658$10,637,006$12,730,366
43$14,185,572$11,631,001$10,953,532$13,630,777
44$15,591,432$12,159,852$11,279,407$14,608,493
45$17,139,396$12,713,323$11,614,905$15,670,840
46$18,843,918$13,292,580$11,960,308$16,825,864
47$20,720,925$13,898,843$12,315,906$18,082,413
48$22,787,967$14,533,394$12,681,996$19,450,208
49$25,064,382$15,197,573$13,058,886$20,939,938
50$27,571,481$15,892,787$13,446,891$22,563,356
51$30,332,747$16,620,507$13,846,336$24,333,384
52$33,374,054$17,382,279$14,257,555$26,264,232
53$36,723,916$18,179,719$14,680,892$28,371,531
54$40,413,754$19,014,524$15,116,701$30,672,472
55$44,478,191$19,888,471$15,565,345$33,185,968
56$48,955,382$20,803,421$16,027,199$35,932,824
57$53,887,369$21,761,326$16,502,648$38,935,932
58$59,320,483$22,764,233$16,992,089$42,220,481
59$65,305,777$23,814,286$17,495,929$45,814,189
60$71,899,511$24,913,731$18,014,587$49,747,560
61$79,163,681$26,064,924$18,548,496$54,054,167
62$87,166,605$27,270,334$19,098,099$58,770,960
63$95,983,567$28,532,548$19,663,853$63,938,613
64$105,697,526$29,854,278$20,246,228$69,601,898
65$116,399,904$31,238,368$20,845,707$75,810,104
66$128,191,443$32,687,797$21,462,787$82,617,491
67$141,183,160$34,205,688$22,097,980$90,083,801
68$155,497,391$35,795,316$22,751,811$98,274,807
69$171,268,952$37,460,113$23,424,823$107,262,934
70$188,646,402$39,203,676$24,117,572$117,127,926
71$207,793,455$41,029,776$24,830,631$127,957,599
72$228,890,518$42,942,366$25,564,588$139,848,651
73$252,136,399$44,945,590$26,320,050$152,907,576
74$277,750,180$47,043,792$27,097,640$167,251,649
75$305,973,287$49,241,526$27,897,999$183,010,032
76$337,071,767$51,543,566$28,721,786$200,324,976
77$371,338,801$53,954,915$29,569,681$219,353,154
78$409,097,474$56,480,820$30,442,380$240,267,131
79$450,703,817$59,126,782$31,340,601$263,256,978
80$496,550,178$61,898,565$32,265,082$288,532,054
81$547,068,915$64,802,214$33,216,582$316,322,969
82$602,736,489$67,844,067$34,195,881$346,883,747
83$664,077,952$71,030,767$35,203,784$380,494,209
84$731,671,907$74,369,279$36,241,115$417,462,601
85$806,155,973$77,866,905$37,308,724$458,128,484
86$888,232,799$81,531,301$38,407,483$502,865,927
87$978,676,704$85,370,493$39,538,293$552,087,017
88$1,078,340,977$89,392,897$40,702,075$606,245,735
89$1,188,165,942$93,607,334$41,899,780$665,842,219
90$1,309,187,831$98,023,057$43,132,386$731,427,465
91$1,442,548,565$102,649,761$44,400,895$803,608,512
92$1,589,506,536$107,497,617$45,706,343$883,054,145
93$1,751,448,488$112,577,286$47,049,791$970,501,193
94$1,929,902,606$117,899,945$48,432,331$1,066,761,451
95$2,126,552,944$123,477,315$49,855,087$1,172,729,327
96$2,343,255,326$129,321,685$51,319,214$1,289,390,258
97$2,582,054,861$135,445,939$52,825,899$1,417,829,980
98$2,845,205,255$141,863,588$54,376,365$1,559,244,757
99$3,135,190,084$148,588,797$55,971,866$1,714,952,638
100$3,454,746,244$155,636,419$57,613,694$1,886,405,872