Can I retire at age 40 with 8,000,000?

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 $8,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$660,633$654,748$649,007$643,403$637,931$621,501
2 years$327,046$320,955$315,052$309,328$303,777$287,333
3 years$215,865$209,748$203,859$198,190$192,728$176,785
4 years$160,285$154,187$148,357$142,785$137,456$122,136
5 years$126,946$120,884$115,131$109,672$104,492$89,838
6 years$104,727$98,711$93,043$87,706$82,681$68,707
7 years$88,863$82,897$77,319$72,108$67,241$53,949
8 years$76,970$71,058$65,573$60,489$55,783$43,166
9 years$67,725$61,869$56,478$51,524$46,978$35,024
10 years$60,333$54,535$49,239$44,414$40,027$28,724
11 years$54,289$48,549$43,349$38,653$34,425$23,754
12 years$49,256$43,575$38,471$33,904$29,832$19,775
13 years$45,001$39,379$34,371$29,932$26,014$16,551
14 years$41,357$35,794$30,883$26,571$22,804$13,912
15 years$38,201$32,699$27,883$23,696$20,078$11,737
16 years$35,443$30,001$25,280$21,217$17,745$9,930
17 years$33,012$27,629$23,004$19,064$15,734$8,423
18 years$30,853$25,531$21,000$17,180$13,990$7,159
19 years$28,924$23,662$19,224$15,524$12,470$6,095
20 years$27,189$21,988$17,643$14,060$11,138$5,197
21 years$25,622$20,481$16,228$12,760$9,967$4,437
22 years$24,200$19,118$14,957$11,602$8,934$3,792
23 years$22,903$17,881$13,810$10,566$8,020$3,243
24 years$21,716$16,753$12,772$9,637$7,208$2,776
25 years$20,625$15,722$11,829$8,801$6,487$2,378
26 years$19,620$14,776$10,971$8,047$5,843$2,038
27 years$18,691$13,906$10,188$7,366$5,268$1,747
28 years$17,830$13,103$9,471$6,749$4,753$1,499
29 years$17,030$12,362$8,813$6,189$4,292$1,286
30 years$16,285$11,674$8,209$5,680$3,878$1,104
31 years$15,589$11,036$7,653$5,216$3,506$948
32 years$14,937$10,442$7,141$4,794$3,172$814
33 years$14,327$9,889$6,667$4,408$2,870$699
34 years$13,753$9,373$6,229$4,056$2,599$600
35 years$13,214$8,890$5,824$3,734$2,354$516
36 years$12,706$8,438$5,448$3,439$2,133$443
37 years$12,226$8,014$5,100$3,168$1,933$381
38 years$11,773$7,616$4,775$2,920$1,752$327
39 years$11,344$7,242$4,474$2,693$1,589$281
40 years$10,937$6,890$4,194$2,484$1,441$242
41 years$10,552$6,559$3,932$2,291$1,308$208
42 years$10,185$6,246$3,689$2,115$1,187$179
43 years$9,837$5,952$3,461$1,952$1,077$154
44 years$9,505$5,673$3,249$1,803$977$132
45 years$9,189$5,410$3,051$1,665$887$114
46 years$8,888$5,161$2,865$1,538$806$98
47 years$8,600$4,925$2,692$1,421$732$84
48 years$8,325$4,702$2,530$1,313$664$72
49 years$8,062$4,490$2,378$1,213$603$62
50 years$7,811$4,289$2,235$1,121$548$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $8,000,000, adding $5,498 every year, while hoping to spend $43,316 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: 34/47/19 Blend
39$8,000,000$8,000,000$8,000,000$8,000,000
40$8,821,671$8,397,671$8,273,671$9,069,904
41$9,675,394$8,763,069$8,504,751$9,618,621
42$10,614,744$9,144,920$8,742,121$10,205,545
43$11,648,411$9,543,984$8,985,945$10,837,564
44$12,785,967$9,961,057$9,236,392$11,518,691
45$14,037,961$10,396,974$9,493,636$12,253,324
46$15,416,014$10,852,607$9,757,854$13,046,282
47$16,932,933$11,328,871$10,029,228$13,902,851
48$18,602,830$11,826,723$10,307,945$14,828,826
49$20,441,252$12,347,166$10,594,194$15,830,565
50$22,465,333$12,891,250$10,888,173$16,915,044
51$24,693,951$13,460,075$11,190,081$18,089,917
52$27,147,908$14,054,793$11,500,122$19,363,588
53$29,850,126$14,676,610$11,818,509$20,745,280
54$32,825,865$15,326,789$12,145,454$22,245,124
55$36,102,956$16,006,655$12,481,180$23,874,243
56$39,712,070$16,717,593$12,825,912$25,644,856
57$43,687,001$17,461,055$13,179,880$27,570,387
58$48,064,991$18,238,563$13,543,322$29,665,587
59$52,887,076$19,051,708$13,916,479$31,946,664
60$58,198,477$19,902,161$14,299,600$34,431,432
61$64,049,023$20,791,669$14,692,938$37,139,474
62$70,493,626$21,722,063$15,096,754$40,092,319
63$77,592,794$22,695,262$15,511,313$43,313,634
64$85,413,204$23,713,275$15,936,888$46,829,449
65$94,028,334$24,778,209$16,373,757$50,668,385
66$103,519,151$25,892,268$16,822,204$54,861,925
67$113,974,879$27,057,763$17,282,523$59,444,693
68$125,493,840$28,277,117$17,755,010$64,454,784
69$138,184,380$29,552,864$18,239,972$69,934,102
70$152,165,896$30,887,664$18,737,720$75,928,754
71$167,569,958$32,284,300$19,248,574$82,489,474
72$184,541,553$33,745,690$19,772,861$89,672,088
73$203,240,454$35,274,891$20,310,914$97,538,033
74$223,842,726$36,875,107$20,863,076$106,154,922
75$246,542,390$38,549,693$21,429,695$115,597,177
76$271,553,253$40,302,166$22,011,128$125,946,709
77$299,110,925$42,136,213$22,607,741$137,293,686
78$329,475,045$44,055,693$23,219,906$149,737,368
79$362,931,732$46,064,654$23,848,005$163,387,028
80$399,796,284$48,167,337$24,492,428$178,362,968
81$440,416,153$50,368,185$25,153,573$194,797,643
82$485,174,230$52,671,855$25,831,847$212,836,888
83$534,492,452$55,083,228$26,527,665$232,641,284
84$588,835,793$57,607,416$27,241,452$254,387,653
85$648,716,645$60,249,781$27,973,642$278,270,706
86$714,699,662$63,015,939$28,724,678$304,504,862
87$787,407,085$65,911,778$29,495,012$333,326,257
88$867,524,618$68,943,466$30,285,107$364,994,942
89$955,807,904$72,117,470$31,095,432$399,797,322
90$1,053,089,652$75,440,568$31,926,470$438,048,833
91$1,160,287,502$78,919,861$32,778,713$480,096,895
92$1,278,412,688$82,562,795$33,652,661$526,324,167
93$1,408,579,583$86,377,173$34,548,825$577,152,130
94$1,552,016,218$90,371,172$35,467,729$633,045,037
95$1,710,075,877$94,553,365$36,409,903$694,514,268
96$1,884,249,874$98,932,736$37,375,892$762,123,125
97$2,076,181,624$103,518,704$38,366,248$836,492,117
98$2,287,682,169$108,321,140$39,381,536$918,304,781
99$2,520,747,265$113,350,390$40,422,332$1,008,314,104
100$2,777,576,229$118,617,302$41,489,223$1,107,349,587