Can I retire at age 40 with 8,200,000?

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 $8,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$677,148$671,117$665,232$659,488$653,880$639,893
2 years$335,222$328,979$322,928$317,062$311,371$297,348
3 years$221,261$214,991$208,956$203,144$197,547$183,925
4 years$164,292$158,041$152,066$146,354$140,892$127,776
5 years$130,120$123,906$118,010$112,414$107,104$94,531
6 years$107,345$101,179$95,369$89,898$84,748$72,731
7 years$91,085$84,970$79,252$73,910$68,922$57,465
8 years$78,894$72,835$67,212$62,002$57,178$46,275
9 years$69,418$63,416$57,890$52,812$48,152$37,797
10 years$61,842$55,898$50,470$45,524$41,028$31,210
11 years$55,647$49,763$44,433$39,620$35,285$25,991
12 years$50,488$44,664$39,433$34,752$30,578$21,793
13 years$46,126$40,363$35,231$30,681$26,664$18,375
14 years$42,391$36,689$31,655$27,235$23,374$15,562
15 years$39,156$33,516$28,580$24,289$20,580$13,230
16 years$36,329$30,751$25,912$21,748$18,189$11,282
17 years$33,837$28,320$23,579$19,540$16,127$9,645
18 years$31,624$26,169$21,525$17,610$14,340$8,265
19 years$29,647$24,253$19,705$15,912$12,781$7,095
20 years$27,869$22,537$18,084$14,411$11,416$6,100
21 years$26,263$20,993$16,634$13,079$10,216$5,252
22 years$24,805$19,596$15,331$11,892$9,158$4,526
23 years$23,475$18,328$14,155$10,830$8,220$3,905
24 years$22,259$17,172$13,091$9,878$7,389$3,372
25 years$21,141$16,115$12,125$9,021$6,649$2,914
26 years$20,111$15,145$11,245$8,248$5,989$2,519
27 years$19,159$14,254$10,442$7,550$5,400$2,180
28 years$18,276$13,431$9,707$6,917$4,872$1,886
29 years$17,456$12,671$9,034$6,343$4,399$1,633
30 years$16,692$11,966$8,414$5,822$3,975$1,415
31 years$15,978$11,312$7,845$5,347$3,594$1,226
32 years$15,311$10,703$7,319$4,914$3,251$1,062
33 years$14,685$10,136$6,834$4,519$2,942$921
34 years$14,097$9,607$6,385$4,157$2,664$798
35 years$13,544$9,112$5,970$3,827$2,413$692
36 years$13,023$8,649$5,585$3,525$2,186$600
37 years$12,532$8,214$5,227$3,248$1,981$521
38 years$12,067$7,806$4,895$2,993$1,796$452
39 years$11,627$7,423$4,586$2,760$1,629$392
40 years$11,211$7,062$4,298$2,546$1,477$340
41 years$10,815$6,723$4,031$2,349$1,340$295
42 years$10,440$6,403$3,781$2,168$1,216$256
43 years$10,083$6,100$3,548$2,001$1,104$222
44 years$9,743$5,815$3,330$1,848$1,002$193
45 years$9,419$5,545$3,127$1,706$910$167
46 years$9,110$5,290$2,937$1,576$826$145
47 years$8,815$5,048$2,759$1,456$750$126
48 years$8,533$4,819$2,593$1,346$681$109
49 years$8,264$4,602$2,437$1,244$619$95
50 years$8,006$4,396$2,291$1,149$562$82

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $8,200,000, adding $4,294 every year, while hoping to spend $20,288 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: 63/14/23 Blend
39$8,200,000$8,200,000$8,200,000$8,200,000
40$9,040,829$8,606,229$8,479,129$9,555,779
41$9,941,408$9,006,348$8,741,594$10,304,216
42$10,933,165$9,425,393$9,012,171$11,118,666
43$12,025,380$9,864,270$9,291,111$12,007,761
44$13,228,278$10,323,928$9,578,672$12,978,802
45$14,553,125$10,805,363$9,875,120$14,039,820
46$16,012,336$11,309,618$10,180,730$15,199,652
47$17,619,593$11,837,789$10,495,783$16,468,026
48$19,389,972$12,391,020$10,820,571$17,855,645
49$21,340,084$12,970,515$11,155,396$19,374,290
50$23,488,236$13,577,534$11,500,565$21,036,930
51$25,854,600$14,213,397$11,856,398$22,857,840
52$28,461,407$14,879,491$12,223,225$24,852,734
53$31,333,152$15,577,267$12,601,384$27,038,912
54$34,496,827$16,308,248$12,991,225$29,435,422
55$37,982,181$17,074,029$13,393,108$32,063,236
56$41,821,990$17,876,283$13,807,404$34,945,444
57$46,052,377$18,716,765$14,234,496$38,107,473
58$50,713,147$19,597,314$14,674,779$41,577,323
59$55,848,164$20,519,858$15,128,660$45,385,824
60$61,505,764$21,486,419$15,596,557$49,566,934
61$67,739,213$22,499,114$16,078,903$54,158,046
62$74,607,210$23,560,168$16,576,143$59,200,344
63$82,174,438$24,671,909$17,088,737$64,739,187
64$90,512,178$25,836,780$17,617,157$70,824,533
65$99,698,980$27,057,342$18,161,892$77,511,410
66$109,821,405$28,336,281$18,723,444$84,860,426
67$120,974,840$29,676,411$19,302,331$92,938,342
68$133,264,403$31,080,684$19,899,089$101,818,698
69$146,805,930$32,552,195$20,514,266$111,582,499
70$161,727,073$34,094,191$21,148,432$122,318,981
71$178,168,501$35,710,072$21,802,171$134,126,444
72$196,285,230$37,403,408$22,476,086$147,113,177
73$216,248,087$39,177,939$23,170,798$161,398,474
74$238,245,322$41,037,587$23,886,949$177,113,760
75$262,484,382$42,986,466$24,625,199$194,403,817
76$289,193,874$45,028,888$25,386,229$213,428,153
77$318,625,721$47,169,376$26,170,739$234,362,500
78$351,057,540$49,412,671$26,979,455$257,400,464
79$386,795,262$51,763,745$27,813,119$282,755,349
80$426,176,022$54,227,812$28,672,502$310,662,162
81$469,571,341$56,810,339$29,558,395$341,379,827
82$517,390,631$59,517,058$30,471,615$375,193,618
83$570,085,063$62,353,982$31,413,002$412,417,849
84$628,151,826$65,327,414$32,383,424$453,398,829
85$692,138,819$68,443,964$33,383,775$498,518,127
86$762,649,823$71,710,563$34,414,977$548,196,161
87$840,350,204$75,134,480$35,477,978$602,896,162
88$925,973,193$78,723,337$36,573,758$663,128,533
89$1,020,326,805$82,485,127$37,703,325$729,455,662
90$1,124,301,473$86,428,232$38,867,720$802,497,219
91$1,238,878,448$90,561,440$40,068,014$882,935,994
92$1,365,139,069$94,893,970$41,305,312$971,524,333
93$1,504,274,967$99,435,488$42,580,752$1,069,091,228
94$1,657,599,315$104,196,128$43,895,509$1,176,550,131
95$1,826,559,229$109,186,521$45,250,792$1,294,907,564
96$2,012,749,424$114,417,815$46,647,847$1,425,272,610
97$2,217,927,275$119,901,698$48,087,960$1,568,867,365
98$2,444,029,406$125,650,429$49,572,455$1,727,038,465
99$2,693,189,970$131,676,866$51,102,698$1,901,269,782
100$2,967,760,804$137,994,489$52,680,095$2,093,196,414