Can I retire at age 40 with 8,600,000?

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 $8,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$710,180$703,854$697,682$691,658$685,776$678,897
2 years$351,574$345,026$338,681$332,528$326,560$319,631
3 years$232,055$225,479$219,149$213,054$207,183$200,420
4 years$172,307$165,751$159,484$153,493$147,765$141,219
5 years$136,467$129,951$123,766$117,898$112,328$106,019
6 years$112,582$106,114$100,022$94,284$88,882$82,817
7 years$95,528$89,115$83,118$77,516$72,285$66,467
8 years$82,743$76,388$70,491$65,026$59,967$54,396
9 years$72,804$66,509$60,714$55,388$50,501$45,175
10 years$64,858$58,625$52,932$47,745$43,029$37,945
11 years$58,361$52,190$46,600$41,552$37,007$32,160
12 years$52,951$46,843$41,357$36,447$32,069$27,455
13 years$48,376$42,332$36,949$32,177$27,965$23,578
14 years$44,459$38,479$33,199$28,563$24,514$20,348
15 years$41,066$35,151$29,974$25,473$21,584$17,633
16 years$38,101$32,251$27,176$22,809$19,076$15,333
17 years$35,488$29,702$24,729$20,493$16,914$13,373
18 years$33,167$27,446$22,575$18,469$15,039$11,693
19 years$31,093$25,436$20,666$16,688$13,405$10,246
20 years$29,229$23,637$18,966$15,114$11,973$8,995
21 years$27,544$22,017$17,445$13,717$10,715$7,909
22 years$26,015$20,552$16,078$12,472$9,604$6,964
23 years$24,621$19,222$14,846$11,359$8,621$6,140
24 years$23,344$18,009$13,730$10,360$7,749$5,419
25 years$22,172$16,901$12,716$9,461$6,973$4,787
26 years$21,092$15,884$11,794$8,651$6,281$4,233
27 years$20,093$14,949$10,952$7,918$5,663$3,745
28 years$19,168$14,086$10,181$7,255$5,110$3,315
29 years$18,307$13,289$9,474$6,653$4,614$2,937
30 years$17,506$12,550$8,825$6,106$4,169$2,603
31 years$16,758$11,864$8,227$5,607$3,769$2,308
32 years$16,058$11,225$7,676$5,153$3,409$2,047
33 years$15,401$10,631$7,167$4,739$3,086$1,816
34 years$14,785$10,076$6,697$4,360$2,794$1,612
35 years$14,205$9,556$6,261$4,014$2,530$1,431
36 years$13,659$9,070$5,857$3,697$2,293$1,271
37 years$13,143$8,615$5,482$3,406$2,078$1,129
38 years$12,656$8,187$5,134$3,139$1,884$1,003
39 years$12,195$7,785$4,810$2,895$1,708$891
40 years$11,758$7,407$4,508$2,670$1,549$792
41 years$11,343$7,051$4,227$2,463$1,406$704
42 years$10,949$6,715$3,965$2,273$1,276$626
43 years$10,575$6,398$3,721$2,099$1,158$556
44 years$10,218$6,099$3,493$1,938$1,051$494
45 years$9,878$5,816$3,279$1,790$954$440
46 years$9,554$5,548$3,080$1,653$866$391
47 years$9,245$5,294$2,894$1,527$786$348
48 years$8,950$5,054$2,719$1,411$714$309
49 years$8,667$4,826$2,556$1,304$649$275
50 years$8,397$4,610$2,403$1,205$589$244

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $8,600,000, adding $6,450 every year, while hoping to spend $50,796 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: 31/49/20 Blend
39$8,600,000$8,600,000$8,600,000$8,600,000
40$9,483,853$9,028,053$8,894,753$9,718,514
41$10,397,160$9,416,381$9,138,681$10,284,326
42$11,401,921$9,822,035$9,389,078$10,887,946
43$12,507,412$10,245,809$9,646,107$11,536,665
44$13,723,851$10,688,538$9,909,935$12,234,438
45$15,062,499$11,151,091$10,180,733$12,985,594
46$16,535,762$11,634,382$10,458,675$13,794,878
47$18,157,309$12,139,366$10,743,940$14,667,486
48$19,942,203$12,667,044$11,036,711$15,609,117
49$21,907,042$13,218,463$11,337,174$16,626,017
50$24,070,112$13,794,720$11,645,522$17,725,038
51$26,451,565$14,396,962$11,961,948$18,913,694
52$29,073,604$15,026,393$12,286,653$20,200,230
53$31,960,697$15,684,272$12,619,841$21,593,694
54$35,139,803$16,371,916$12,961,720$23,104,017
55$38,640,630$17,090,707$13,312,505$24,742,101
56$42,495,913$17,842,090$13,672,413$26,519,919
57$46,741,724$18,627,581$14,041,667$28,450,616
58$51,417,812$19,448,764$14,420,495$30,548,636
59$56,567,976$20,307,301$14,809,128$32,829,842
60$62,240,482$21,204,931$15,207,806$35,311,666
61$68,488,514$22,143,476$15,616,771$38,013,264
62$75,370,680$23,124,843$16,036,270$40,955,691
63$82,951,561$24,151,033$16,466,557$44,162,087
64$91,302,324$25,224,137$16,907,891$47,657,895
65$100,501,391$26,346,349$17,360,535$51,471,086
66$110,635,178$27,519,966$17,824,759$55,632,420
67$121,798,916$28,747,394$18,300,837$60,175,722
68$134,097,541$30,031,152$18,789,051$65,138,194
69$147,646,693$31,373,881$19,289,687$70,560,758
70$162,573,801$32,778,347$19,803,037$76,488,429
71$179,019,290$34,247,447$20,329,400$82,970,729
72$197,137,901$35,784,216$20,869,079$90,062,144
73$217,100,159$37,391,834$21,422,384$97,822,628
74$239,093,973$39,073,632$21,989,632$106,318,152
75$263,326,419$40,833,101$22,571,146$115,621,319
76$290,025,688$42,673,896$23,167,253$125,812,030
77$319,443,241$44,599,850$23,778,289$136,978,230
78$351,856,185$46,614,976$24,404,595$149,216,716
79$387,569,885$48,723,480$25,046,519$162,634,043
80$426,920,851$50,929,768$25,704,415$177,347,506
81$470,279,909$53,238,458$26,378,644$193,486,235
82$518,055,704$55,654,387$27,069,573$211,192,396
83$570,698,559$58,182,625$27,777,576$230,622,511
84$628,704,722$60,828,483$28,503,035$251,948,916
85$692,621,053$63,597,528$29,246,336$275,361,373
86$763,050,186$66,495,592$30,007,874$301,068,833
87$840,656,217$69,528,788$30,788,049$329,301,389
88$926,170,972$72,703,521$31,587,271$360,312,425
89$1,020,400,919$76,026,501$32,405,952$394,380,982
90$1,124,234,777$79,504,763$33,244,515$431,814,367
91$1,238,651,907$83,145,679$34,103,389$472,951,028
92$1,364,731,557$86,956,973$34,983,008$518,163,719
93$1,503,663,052$90,946,741$35,883,815$567,862,989
94$1,656,757,018$95,123,466$36,806,258$622,501,031
95$1,825,457,760$99,496,042$37,750,794$682,575,910
96$2,011,356,891$104,073,788$38,717,885$748,636,242
97$2,216,208,360$108,866,469$39,708,000$821,286,329
98$2,441,945,010$113,884,324$40,721,615$901,191,827
99$2,690,696,826$119,138,080$41,759,214$989,085,999
100$2,964,811,040$124,638,984$42,821,285$1,085,776,588