Can I retire at age 40 with 8,400,000?

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 $8,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$693,664$687,485$681,457$675,573$669,828$647,609
2 years$343,398$337,003$330,804$324,795$318,966$296,796
3 years$226,658$220,235$214,052$208,099$202,365$180,941
4 years$168,299$161,896$155,775$149,924$144,328$123,813
5 years$133,293$126,928$120,888$115,156$109,716$90,165
6 years$109,964$103,647$97,695$92,091$86,815$68,243
7 years$93,306$87,042$81,185$75,713$70,604$53,010
8 years$80,819$74,611$68,852$63,514$58,572$41,943
9 years$71,111$64,963$59,302$54,100$49,326$33,641
10 years$63,350$57,261$51,701$46,634$42,029$27,263
11 years$57,004$50,976$45,517$40,586$36,146$22,272
12 years$51,719$45,754$40,395$35,599$31,323$18,310
13 years$47,251$41,348$36,090$31,429$27,315$15,129
14 years$43,425$37,584$32,427$27,899$23,944$12,551
15 years$40,111$34,334$29,277$24,881$21,082$10,447
16 years$37,215$31,501$26,544$22,278$18,632$8,720
17 years$34,662$29,011$24,154$20,017$16,521$7,294
18 years$32,396$26,807$22,050$18,039$14,689$6,113
19 years$30,370$24,845$20,185$16,300$13,093$5,130
20 years$28,549$23,087$18,525$14,763$11,695$4,312
21 years$26,904$21,505$17,040$13,398$10,466$3,627
22 years$25,410$20,074$15,705$12,182$9,381$3,054
23 years$24,048$18,775$14,500$11,094$8,421$2,574
24 years$22,802$17,591$13,410$10,119$7,569$2,170
25 years$21,656$16,508$12,421$9,241$6,811$1,831
26 years$20,601$15,515$11,520$8,449$6,135$1,545
27 years$19,626$14,601$10,697$7,734$5,531$1,305
28 years$18,722$13,759$9,944$7,086$4,991$1,102
29 years$17,882$12,980$9,254$6,498$4,507$931
30 years$17,099$12,258$8,620$5,964$4,072$787
31 years$16,368$11,588$8,036$5,477$3,682$665
32 years$15,684$10,964$7,498$5,034$3,330$562
33 years$15,043$10,383$7,001$4,629$3,014$475
34 years$14,441$9,841$6,541$4,259$2,729$402
35 years$13,875$9,334$6,115$3,921$2,471$340
36 years$13,341$8,860$5,721$3,611$2,239$287
37 years$12,837$8,415$5,354$3,327$2,030$243
38 years$12,361$7,997$5,014$3,066$1,840$205
39 years$11,911$7,604$4,698$2,827$1,669$174
40 years$11,484$7,235$4,403$2,608$1,513$147
41 years$11,079$6,887$4,129$2,406$1,373$124
42 years$10,694$6,559$3,873$2,221$1,246$105
43 years$10,329$6,249$3,634$2,050$1,131$89
44 years$9,980$5,957$3,411$1,893$1,026$75
45 years$9,649$5,680$3,203$1,748$932$64
46 years$9,332$5,419$3,009$1,615$846$54
47 years$9,030$5,171$2,826$1,492$768$46
48 years$8,741$4,937$2,656$1,378$698$39
49 years$8,465$4,714$2,497$1,274$634$33
50 years$8,201$4,503$2,347$1,177$575$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $8,400,000, adding $6,288 every year, while hoping to spend $55,997 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$8,400,000$8,400,000$8,400,000$8,400,000
40$9,263,286$8,818,086$8,687,886$9,523,930
41$10,148,561$9,190,592$8,919,350$10,088,966
42$11,122,257$9,579,474$9,156,691$10,692,247
43$12,193,334$9,985,475$9,400,047$11,341,639
44$13,371,664$10,409,373$9,649,559$12,041,254
45$14,668,124$10,851,983$9,905,369$12,795,596
46$16,094,699$11,314,156$10,167,625$13,609,603
47$17,664,592$11,796,783$10,436,474$14,488,694
48$19,392,354$12,300,799$10,712,069$15,438,809
49$21,294,015$12,827,180$10,994,565$16,466,466
50$23,387,241$13,376,948$11,284,119$17,578,821
51$25,691,495$13,951,173$11,580,893$18,783,724
52$28,228,223$14,550,977$11,885,049$20,089,796
53$31,021,058$15,177,531$12,196,754$21,506,503
54$34,096,039$15,832,063$12,516,178$23,044,239
55$37,481,860$16,515,859$12,843,495$24,714,423
56$41,210,137$17,230,263$13,178,879$26,529,600
57$45,315,709$17,976,685$13,522,510$28,503,553
58$49,836,968$18,756,598$13,874,570$30,651,429
59$54,816,215$19,571,548$14,235,245$32,989,875
60$60,300,065$20,423,150$14,604,722$35,537,192
61$66,339,885$21,313,098$14,983,193$38,313,498
62$72,992,277$22,243,163$15,370,854$41,340,913
63$80,319,613$23,215,202$15,767,901$44,643,760
64$88,390,624$24,231,157$16,174,536$48,248,790
65$97,281,048$25,293,065$16,590,964$52,185,424
66$107,074,345$26,403,055$17,017,391$56,486,023
67$117,862,483$27,563,359$17,454,028$61,186,189
68$129,746,807$28,776,315$17,901,090$66,325,087
69$142,838,997$30,044,369$18,358,791$71,945,812
70$157,262,117$31,370,086$18,827,354$78,095,781
71$173,151,782$32,756,150$19,306,999$84,827,173
72$190,657,435$34,205,372$19,797,954$92,197,412
73$209,943,755$35,720,697$20,300,448$100,269,698
74$231,192,217$37,305,210$20,814,711$109,113,592
75$254,602,799$38,962,141$21,340,980$118,805,661
76$280,395,873$40,694,875$21,879,492$129,430,190
77$308,814,284$42,506,955$22,430,486$141,079,962
78$340,125,640$44,402,096$22,994,208$153,857,125
79$374,624,843$46,384,186$23,570,901$167,874,137
80$412,636,865$48,457,299$24,160,814$183,254,818
81$454,519,823$50,625,704$24,764,199$200,135,500
82$500,668,353$52,893,872$25,381,308$218,666,300
83$551,517,340$55,266,487$26,012,397$239,012,522
84$607,546,020$57,748,455$26,657,723$261,356,194
85$669,282,502$60,344,918$27,317,545$285,897,776
86$737,308,760$63,061,262$27,992,126$312,858,028
87$812,266,119$65,903,129$28,681,727$342,480,076
88$894,861,312$68,876,431$29,386,614$375,031,686
89$985,873,152$71,987,362$30,107,051$410,807,770
90$1,086,159,884$75,242,413$30,843,308$450,133,148
91$1,196,667,283$78,648,383$31,595,650$493,365,589
92$1,318,437,589$82,212,397$32,364,347$540,899,165
93$1,452,619,339$85,941,920$33,149,668$593,167,944
94$1,600,478,212$89,844,774$33,951,883$650,650,061
95$1,763,408,979$93,929,158$34,771,260$713,872,204
96$1,942,948,667$98,203,658$35,608,069$783,414,553
97$2,140,791,070$102,677,276$36,462,579$859,916,230
98$2,358,802,739$107,359,444$37,335,056$944,081,299
99$2,599,040,605$112,260,043$38,225,767$1,036,685,374
100$2,863,771,393$117,389,431$39,134,976$1,138,582,911