Can I retire at age 40 with 9,900,000?

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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$817,533$810,251$803,146$796,211$789,440$769,419
2 years$404,719$397,182$389,877$382,794$375,924$355,883
3 years$267,133$259,563$252,276$245,260$238,501$219,068
4 years$198,353$190,806$183,592$176,696$170,101$151,424
5 years$157,096$149,594$142,475$135,719$129,308$111,439
6 years$129,600$122,155$115,141$108,536$102,317$85,274
7 years$109,968$102,586$95,683$89,233$83,211$66,996
8 years$95,251$87,935$81,147$74,856$69,032$53,636
9 years$83,810$76,563$69,892$63,760$58,135$43,546
10 years$74,662$67,487$60,933$54,962$49,534$35,735
11 years$67,183$60,079$53,644$47,833$42,601$29,571
12 years$60,955$53,924$47,608$41,956$36,917$24,634
13 years$55,689$48,731$42,535$37,041$32,192$20,631
14 years$51,179$44,296$38,218$32,881$28,219$17,354
15 years$47,274$40,465$34,505$29,324$24,847$14,650
16 years$43,861$37,126$31,284$26,257$21,960$12,405
17 years$40,852$34,191$28,467$23,591$19,471$10,529
18 years$38,180$31,594$25,987$21,261$17,313$8,956
19 years$35,793$29,281$23,790$19,211$15,431$7,631
20 years$33,647$27,210$21,833$17,399$13,783$6,511
21 years$31,708$25,345$20,082$15,791$12,335$5,563
22 years$29,947$23,658$18,509$14,357$11,056$4,758
23 years$28,342$22,127$17,090$13,076$9,925$4,073
24 years$26,873$20,732$15,805$11,926$8,920$3,489
25 years$25,524$19,456$14,639$10,891$8,027$2,991
26 years$24,280$18,285$13,577$9,958$7,231$2,565
27 years$23,131$17,209$12,607$9,115$6,519$2,201
28 years$22,065$16,216$11,720$8,351$5,882$1,890
29 years$21,075$15,297$10,906$7,658$5,311$1,623
30 years$20,152$14,447$10,159$7,029$4,799$1,394
31 years$19,291$13,657$9,471$6,455$4,339$1,198
32 years$18,485$12,922$8,836$5,932$3,925$1,030
33 years$17,729$12,238$8,251$5,455$3,552$885
34 years$17,020$11,599$7,709$5,019$3,216$761
35 years$16,352$11,001$7,207$4,621$2,913$654
36 years$15,723$10,442$6,742$4,255$2,639$563
37 years$15,130$9,917$6,311$3,921$2,392$484
38 years$14,569$9,425$5,910$3,614$2,169$416
39 years$14,038$8,962$5,537$3,332$1,966$358
40 years$13,535$8,527$5,190$3,074$1,784$308
41 years$13,058$8,117$4,866$2,836$1,618$265
42 years$12,604$7,730$4,565$2,617$1,468$228
43 years$12,173$7,365$4,283$2,416$1,333$196
44 years$11,763$7,020$4,021$2,231$1,210$169
45 years$11,372$6,695$3,775$2,060$1,098$145
46 years$10,999$6,386$3,546$1,903$997$125
47 years$10,643$6,095$3,331$1,758$905$107
48 years$10,302$5,818$3,130$1,624$822$92
49 years$9,977$5,556$2,942$1,501$747$80
50 years$9,666$5,307$2,766$1,388$678$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $9,900,000, adding $4,714 every year, while hoping to spend $45,939 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: 71/7/22 Blend
39$9,900,000$9,900,000$9,900,000$9,900,000
40$10,914,662$10,389,962$10,236,512$11,629,856
41$11,979,079$10,850,192$10,530,557$12,567,801
42$13,150,527$11,331,433$10,832,912$13,588,578
43$14,439,874$11,834,667$11,143,808$14,705,162
44$15,859,097$12,360,920$11,463,481$15,927,053
45$17,421,390$12,911,271$11,792,173$17,264,710
46$19,141,294$13,486,845$12,130,133$18,729,649
47$21,034,830$14,088,825$12,477,617$20,334,550
48$23,119,653$14,718,448$12,834,887$22,093,376
49$25,415,214$15,377,008$13,202,212$24,021,506
50$27,942,949$16,065,865$13,579,870$26,135,871
51$30,726,478$16,786,441$13,968,144$28,455,123
52$33,791,828$17,540,225$14,367,325$30,999,801
53$37,167,677$18,328,779$14,777,714$33,792,527
54$40,885,629$19,153,738$15,199,616$36,858,217
55$44,980,508$20,016,816$15,633,348$40,224,318
56$49,490,688$20,919,808$16,079,233$43,921,058
57$54,458,454$21,864,595$16,537,604$47,981,737
58$59,930,404$22,853,147$17,008,801$52,443,036
59$65,957,884$23,887,530$17,493,174$57,345,361
60$72,597,476$24,969,907$17,991,083$62,733,223
61$79,911,531$26,102,545$18,502,897$68,655,657
62$87,968,757$27,287,819$19,028,993$75,166,683
63$96,844,866$28,528,218$19,569,761$82,325,812
64$106,623,293$29,826,351$20,125,598$90,198,604
65$117,395,977$31,184,951$20,696,914$98,857,291
66$129,264,233$32,606,880$21,284,127$108,381,449
67$142,339,709$34,095,141$21,887,669$118,858,751
68$156,745,434$35,652,878$22,507,981$130,385,791
69$172,616,986$37,283,387$23,145,517$143,068,991
70$190,103,768$38,990,122$23,800,741$157,025,608
71$209,370,416$40,776,702$24,474,130$172,384,831
72$230,598,359$42,646,921$25,166,173$189,289,003
73$253,987,525$44,604,753$25,877,373$207,894,958
74$279,758,232$46,654,365$26,608,244$228,375,502
75$308,153,266$48,800,124$27,359,315$250,921,035
76$339,440,174$51,046,605$28,131,128$275,741,352
77$373,913,789$53,398,605$28,924,237$303,067,613
78$411,899,009$55,861,151$29,739,212$333,154,526
79$453,753,871$58,439,510$30,576,639$366,282,746
80$499,872,926$61,139,206$31,437,117$402,761,519
81$550,690,963$63,966,026$32,321,259$442,931,598
82$606,687,117$66,926,037$33,229,697$487,168,456
83$668,389,387$70,025,597$34,163,076$535,885,827
84$736,379,625$73,271,371$35,122,059$589,539,601
85$811,299,024$76,670,346$36,107,325$648,632,130
86$893,854,175$80,229,844$37,119,572$713,716,962
87$984,823,735$83,957,540$38,159,511$785,404,058
88$1,085,065,778$87,861,482$39,227,877$864,365,552
89$1,195,525,895$91,950,102$40,325,419$951,342,082
90$1,317,246,122$96,232,242$41,452,905$1,047,149,784
91$1,451,374,773$100,717,169$42,611,125$1,152,687,982
92$1,599,177,288$105,414,599$43,800,886$1,268,947,678
93$1,762,048,172$110,334,714$45,023,015$1,397,020,897
94$1,941,524,162$115,488,192$46,278,363$1,538,110,992
95$2,139,298,736$120,886,222$47,567,797$1,693,543,994
96$2,357,238,098$126,540,539$48,892,210$1,864,781,121
97$2,597,398,798$132,463,439$50,252,513$2,053,432,573
98$2,862,047,146$138,667,818$51,649,643$2,261,272,714
99$3,153,680,606$145,167,192$53,084,557$2,490,256,821
100$3,475,051,376$151,975,732$54,558,237$2,742,539,535