Can I retire at age 40 with 8,300,000?

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 $8,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$685,406$679,301$673,344$667,531$661,854$635,845
2 years$339,310$332,991$326,866$320,928$315,168$289,283
3 years$223,960$217,613$211,504$205,622$199,956$175,009
4 years$166,296$159,969$153,921$148,139$142,610$118,792
5 years$131,707$125,417$119,449$113,785$108,410$85,781
6 years$108,655$102,413$96,532$90,995$85,781$64,356
7 years$92,195$86,006$80,219$74,812$69,763$49,535
8 years$79,857$73,723$68,032$62,758$57,875$38,823
9 years$70,265$64,189$58,596$53,456$48,739$30,835
10 years$62,596$56,580$51,085$46,079$41,528$24,738
11 years$56,325$50,370$44,975$40,103$35,716$20,000
12 years$51,104$45,209$39,914$35,176$30,950$16,267
13 years$46,689$40,856$35,660$31,055$26,989$13,295
14 years$42,908$37,137$32,041$27,567$23,659$10,907
15 years$39,634$33,925$28,929$24,585$20,831$8,976
16 years$36,772$31,126$26,228$22,013$18,411$7,405
17 years$34,250$28,665$23,867$19,779$16,324$6,122
18 years$32,010$26,488$21,787$17,824$14,515$5,069
19 years$30,008$24,549$19,945$16,106$12,937$4,203
20 years$28,209$22,812$18,305$14,587$11,556$3,489
21 years$26,583$21,249$16,837$13,239$10,341$2,899
22 years$25,107$19,835$15,518$12,037$9,269$2,411
23 years$23,762$18,551$14,328$10,962$8,321$2,006
24 years$22,530$17,381$13,251$9,998$7,479$1,670
25 years$21,399$16,311$12,273$9,131$6,730$1,391
26 years$20,356$15,330$11,382$8,349$6,062$1,159
27 years$19,392$14,427$10,570$7,642$5,465$966
28 years$18,499$13,595$9,826$7,002$4,931$805
29 years$17,669$12,825$9,144$6,421$4,453$672
30 years$16,895$12,112$8,517$5,893$4,024$560
31 years$16,173$11,450$7,940$5,412$3,638$467
32 years$15,497$10,834$7,408$4,974$3,291$390
33 years$14,864$10,260$6,917$4,574$2,978$325
34 years$14,269$9,724$6,463$4,208$2,696$271
35 years$13,710$9,223$6,042$3,874$2,442$226
36 years$13,182$8,754$5,653$3,568$2,213$189
37 years$12,685$8,314$5,291$3,287$2,005$158
38 years$12,214$7,902$4,955$3,030$1,818$132
39 years$11,769$7,514$4,642$2,794$1,649$110
40 years$11,347$7,149$4,351$2,577$1,495$92
41 years$10,947$6,805$4,080$2,377$1,357$76
42 years$10,567$6,481$3,827$2,194$1,231$64
43 years$10,206$6,175$3,591$2,025$1,117$53
44 years$9,862$5,886$3,371$1,870$1,014$44
45 years$9,534$5,613$3,165$1,727$921$37
46 years$9,221$5,354$2,973$1,595$836$31
47 years$8,923$5,110$2,793$1,474$759$26
48 years$8,637$4,878$2,624$1,362$689$22
49 years$8,365$4,658$2,467$1,259$626$18
50 years$8,104$4,450$2,319$1,163$569$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $8,300,000, adding $2,242 every year, while hoping to spend $31,466 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: 71/9/20 Blend
39$8,300,000$8,300,000$8,300,000$8,300,000
40$9,148,913$8,709,013$8,580,363$9,753,878
41$10,048,622$9,102,275$8,834,325$10,550,440
42$11,039,047$9,513,752$9,095,741$11,418,339
43$12,129,408$9,944,304$9,364,826$12,367,818
44$13,329,864$10,394,831$9,641,804$13,406,958
45$14,651,608$10,866,276$9,926,903$14,544,653
46$16,106,977$11,359,628$10,220,358$15,790,697
47$17,709,562$11,875,923$10,522,414$17,155,872
48$19,474,340$12,416,246$10,833,317$18,652,052
49$21,417,815$12,981,734$11,153,326$20,292,309
50$23,558,173$13,573,580$11,482,703$22,091,039
51$25,915,453$14,193,032$11,821,720$24,064,096
52$28,511,738$14,841,399$12,170,656$26,228,939
53$31,371,360$15,520,053$12,529,799$28,604,795
54$34,521,134$16,230,431$12,899,442$31,212,841
55$37,990,607$16,974,038$13,279,890$34,076,400
56$41,812,337$17,752,455$13,671,455$37,221,161
57$46,022,205$18,567,335$14,074,458$40,675,420
58$50,659,747$19,420,412$14,489,230$44,470,343
59$55,768,532$20,313,502$14,916,110$48,640,260
60$61,396,570$21,248,511$15,355,447$53,222,988
61$67,596,766$22,227,435$15,807,601$58,260,185
62$74,427,422$23,252,365$16,272,941$63,797,740
63$81,952,782$24,325,493$16,751,847$69,886,205
64$90,243,642$25,449,118$17,244,710$76,581,270
65$99,378,017$26,625,649$17,751,932$83,944,287
66$109,441,879$27,857,610$18,273,925$92,042,844
67$120,529,964$29,147,647$18,811,116$100,951,405
68$132,746,673$30,498,533$19,363,940$110,752,005
69$146,207,049$31,913,177$19,932,848$121,535,026
70$161,037,870$33,394,625$20,518,300$133,400,044
71$177,378,843$34,946,072$21,120,773$146,456,767
72$195,383,920$36,570,865$21,740,755$160,826,071
73$215,222,758$38,272,515$22,378,748$176,641,130
74$237,082,312$40,054,701$23,035,269$194,048,679
75$261,168,605$41,921,279$23,710,848$213,210,388
76$287,708,673$43,876,292$24,406,032$234,304,388
77$316,952,706$45,923,978$25,121,382$257,526,949
78$349,176,409$48,068,780$25,857,475$283,094,329
79$384,683,607$50,315,354$26,614,905$311,244,809
80$423,809,112$52,668,584$27,394,282$342,240,939
81$466,921,884$55,133,587$28,196,232$376,372,013
82$514,428,512$57,715,729$29,021,402$413,956,796
83$566,777,056$60,420,635$29,870,454$455,346,527
84$624,461,270$63,254,201$30,744,070$500,928,228
85$688,025,273$66,222,610$31,642,949$551,128,355
86$758,068,676$69,332,343$32,567,813$606,416,818
87$835,252,249$72,590,196$33,519,402$667,311,412
88$920,304,153$76,003,290$34,498,477$734,382,695
89$1,014,026,821$79,579,096$35,505,821$808,259,373
90$1,117,304,529$83,325,443$36,542,238$889,634,227
91$1,231,111,742$87,250,541$37,608,554$979,270,646
92$1,356,522,318$91,362,997$38,705,619$1,078,009,825
93$1,494,719,645$95,671,833$39,834,307$1,186,778,702
94$1,647,007,808$100,186,513$40,995,516$1,306,598,702
95$1,814,823,907$104,916,954$42,190,168$1,438,595,365
96$1,999,751,619$109,873,559$43,419,212$1,584,008,972
97$2,203,536,151$115,067,230$44,683,623$1,744,206,239
98$2,428,100,717$120,509,403$45,984,403$1,920,693,213
99$2,675,564,690$126,212,063$47,322,580$2,115,129,481
100$2,948,263,616$132,187,782$48,699,215$2,329,343,825