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

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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$817,533$810,251$803,146$796,211$789,440$774,134
2 years$404,719$397,182$389,877$382,794$375,924$360,565
3 years$267,133$259,563$252,276$245,260$238,501$223,570
4 years$198,353$190,806$183,592$176,696$170,101$155,711
5 years$157,096$149,594$142,475$135,719$129,308$115,500
6 years$129,600$122,155$115,141$108,536$102,317$89,107
7 years$109,968$102,586$95,683$89,233$83,211$70,602
8 years$95,251$87,935$81,147$74,856$69,032$57,020
9 years$83,810$76,563$69,892$63,760$58,135$46,712
10 years$74,662$67,487$60,933$54,962$49,534$38,690
11 years$67,183$60,079$53,644$47,833$42,601$32,323
12 years$60,955$53,924$47,608$41,956$36,917$27,191
13 years$55,689$48,731$42,535$37,041$32,192$23,002
14 years$51,179$44,296$38,218$32,881$28,219$19,547
15 years$47,274$40,465$34,505$29,324$24,847$16,675
16 years$43,861$37,126$31,284$26,257$21,960$14,270
17 years$40,852$34,191$28,467$23,591$19,471$12,244
18 years$38,180$31,594$25,987$21,261$17,313$10,530
19 years$35,793$29,281$23,790$19,211$15,431$9,073
20 years$33,647$27,210$21,833$17,399$13,783$7,830
21 years$31,708$25,345$20,082$15,791$12,335$6,767
22 years$29,947$23,658$18,509$14,357$11,056$5,855
23 years$28,342$22,127$17,090$13,076$9,925$5,071
24 years$26,873$20,732$15,805$11,926$8,920$4,396
25 years$25,524$19,456$14,639$10,891$8,027$3,814
26 years$24,280$18,285$13,577$9,958$7,231$3,311
27 years$23,131$17,209$12,607$9,115$6,519$2,876
28 years$22,065$16,216$11,720$8,351$5,882$2,499
29 years$21,075$15,297$10,906$7,658$5,311$2,173
30 years$20,152$14,447$10,159$7,029$4,799$1,890
31 years$19,291$13,657$9,471$6,455$4,339$1,644
32 years$18,485$12,922$8,836$5,932$3,925$1,431
33 years$17,729$12,238$8,251$5,455$3,552$1,245
34 years$17,020$11,599$7,709$5,019$3,216$1,084
35 years$16,352$11,001$7,207$4,621$2,913$944
36 years$15,723$10,442$6,742$4,255$2,639$822
37 years$15,130$9,917$6,311$3,921$2,392$716
38 years$14,569$9,425$5,910$3,614$2,169$624
39 years$14,038$8,962$5,537$3,332$1,966$544
40 years$13,535$8,527$5,190$3,074$1,784$474
41 years$13,058$8,117$4,866$2,836$1,618$413
42 years$12,604$7,730$4,565$2,617$1,468$360
43 years$12,173$7,365$4,283$2,416$1,333$313
44 years$11,763$7,020$4,021$2,231$1,210$273
45 years$11,372$6,695$3,775$2,060$1,098$238
46 years$10,999$6,386$3,546$1,903$997$207
47 years$10,643$6,095$3,331$1,758$905$181
48 years$10,302$5,818$3,130$1,624$822$158
49 years$9,977$5,556$2,942$1,501$747$137
50 years$9,666$5,307$2,766$1,388$678$120

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 $6,703 every year, while hoping to spend $57,314 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: 55/33/12 Blend
39$9,900,000$9,900,000$9,900,000$9,900,000
40$10,916,714$10,392,014$10,238,564$11,483,283
41$11,969,237$10,840,241$10,520,574$12,316,535
42$13,127,197$11,308,510$10,810,111$13,216,530
43$14,401,287$11,797,743$11,107,366$14,195,130
44$15,803,290$12,308,905$11,412,535$15,259,836
45$17,346,190$12,843,005$11,725,819$16,418,892
46$19,044,291$13,401,102$12,047,423$17,681,358
47$20,913,355$13,984,302$12,377,558$19,057,198
48$22,970,749$14,593,765$12,716,438$20,557,368
49$25,235,611$15,230,705$13,064,284$22,193,912
50$27,729,027$15,896,394$13,421,322$23,980,081
51$30,474,232$16,592,161$13,787,780$25,930,445
52$33,496,829$17,319,402$14,163,896$28,061,036
53$36,825,029$18,079,576$14,549,910$30,389,486
54$40,489,918$18,874,211$14,946,068$32,935,199
55$44,525,751$19,704,909$15,352,622$35,719,520
56$48,970,273$20,573,345$15,769,831$38,765,940
57$53,865,078$21,481,276$16,197,957$42,100,309
58$59,255,998$22,430,541$16,637,271$45,751,077
59$65,193,537$23,423,065$17,088,047$49,749,555
60$71,733,348$24,460,865$17,550,567$54,130,208
61$78,936,758$25,546,055$18,025,119$58,930,973
62$86,871,343$26,680,848$18,511,996$64,193,611
63$95,611,571$27,867,561$19,011,499$69,964,097
64$105,239,502$29,108,622$19,523,935$76,293,047
65$115,845,562$30,406,576$20,049,618$83,236,186
66$127,529,397$31,764,085$20,588,867$90,854,874
67$140,400,811$33,183,941$21,142,010$99,216,669
68$154,580,808$34,669,068$21,709,382$108,395,965
69$170,202,726$36,222,529$22,291,322$118,474,682
70$187,413,502$37,847,531$22,888,179$129,543,031
71$206,375,056$39,547,436$23,500,310$141,700,362
72$227,265,817$41,325,766$24,128,076$155,056,084
73$250,282,412$43,186,210$24,771,848$169,730,696
74$275,641,517$45,132,633$25,432,004$185,856,911
75$303,581,906$47,169,086$26,108,929$203,580,899
76$334,366,700$49,299,811$26,803,018$223,063,658
77$368,285,855$51,529,254$27,514,671$244,482,517
78$405,658,898$53,862,072$28,244,298$268,032,806
79$446,837,939$56,303,148$28,992,316$293,929,680
80$492,211,000$58,857,593$29,759,150$322,410,144
81$542,205,675$61,530,768$30,545,234$353,735,271
82$597,293,164$64,328,286$31,351,010$388,192,654
83$657,992,727$67,256,032$32,176,929$426,099,110
84$724,876,578$70,320,171$33,023,449$467,803,650
85$798,575,293$73,527,163$33,891,038$513,690,760
86$879,783,758$76,883,779$34,780,173$564,184,014
87$969,267,730$80,397,113$35,691,338$619,750,055
88$1,067,871,068$84,074,601$36,625,027$680,902,980
89$1,176,523,694$87,924,033$37,581,742$748,209,176
90$1,296,250,375$91,953,576$38,561,995$822,292,645
91$1,428,180,398$96,171,786$39,566,307$903,840,874
92$1,573,558,227$100,587,631$40,595,206$993,611,305
93$1,733,755,252$105,210,511$41,649,232$1,092,438,457
94$1,910,282,738$110,050,276$42,728,931$1,201,241,787
95$2,104,806,087$115,117,250$43,834,860$1,321,034,339
96$2,319,160,565$120,422,252$44,967,585$1,452,932,283
97$2,555,368,624$125,976,623$46,127,680$1,598,165,426
98$2,815,658,995$131,792,250$47,315,729$1,758,088,790
99$3,102,487,732$137,881,590$48,532,326$1,934,195,375
100$3,418,561,393$144,257,700$49,778,071$2,128,130,221