Can I retire at age 40 with 8,800,000?

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 $8,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$726,696$720,223$713,907$707,743$701,724$686,434
2 years$359,750$353,050$346,557$340,261$334,154$318,827
3 years$237,451$230,722$224,245$218,009$212,001$197,115
4 years$176,314$169,605$163,193$157,063$151,201$136,870
5 years$139,641$132,973$126,645$120,639$114,941$101,206
6 years$115,200$108,582$102,348$96,476$90,949$77,825
7 years$97,749$91,187$85,051$79,318$73,966$61,455
8 years$84,667$78,164$72,130$66,538$61,362$49,459
9 years$74,498$68,056$62,126$56,676$51,675$40,373
10 years$66,367$59,988$54,163$48,855$44,030$33,316
11 years$59,718$53,404$47,684$42,519$37,867$27,728
12 years$54,182$47,932$42,318$37,295$32,815$23,235
13 years$49,501$43,317$37,809$32,925$28,615$19,577
14 years$45,493$39,374$33,971$29,228$25,084$16,569
15 years$42,022$35,969$30,671$26,066$22,086$14,076
16 years$38,987$33,001$27,808$23,339$19,520$11,995
17 years$36,313$30,392$25,304$20,970$17,307$10,248
18 years$33,938$28,084$23,100$18,898$15,389$8,774
19 years$31,816$26,028$21,147$17,076$13,717$7,526
20 years$29,908$24,186$19,407$15,466$12,252$6,466
21 years$28,185$22,529$17,851$14,036$10,964$5,563
22 years$26,620$21,030$16,452$12,762$9,828$4,791
23 years$25,193$19,669$15,191$11,623$8,822$4,130
24 years$23,887$18,428$14,049$10,601$7,929$3,564
25 years$22,688$17,294$13,012$9,681$7,135$3,077
26 years$21,582$16,254$12,068$8,852$6,427$2,658
27 years$20,560$15,296$11,206$8,102$5,795$2,298
28 years$19,613$14,414$10,418$7,423$5,229$1,987
29 years$18,733$13,598$9,695$6,807$4,721$1,719
30 years$17,913$12,842$9,030$6,248$4,266$1,488
31 years$17,147$12,140$8,419$5,738$3,857$1,288
32 years$16,431$11,487$7,855$5,273$3,489$1,115
33 years$15,760$10,878$7,334$4,849$3,157$966
34 years$15,129$10,310$6,852$4,462$2,859$837
35 years$14,536$9,779$6,407$4,107$2,589$725
36 years$13,976$9,281$5,993$3,783$2,346$628
37 years$13,449$8,815$5,609$3,485$2,126$544
38 years$12,950$8,378$5,253$3,212$1,928$472
39 years$12,478$7,966$4,922$2,962$1,748$409
40 years$12,031$7,579$4,613$2,732$1,585$354
41 years$11,607$7,215$4,325$2,521$1,438$307
42 years$11,204$6,871$4,057$2,326$1,305$266
43 years$10,820$6,547$3,807$2,147$1,185$231
44 years$10,456$6,240$3,574$1,983$1,075$200
45 years$10,108$5,951$3,356$1,831$976$174
46 years$9,777$5,677$3,152$1,691$886$151
47 years$9,460$5,417$2,961$1,563$805$131
48 years$9,158$5,172$2,783$1,444$731$113
49 years$8,869$4,939$2,615$1,335$664$98
50 years$8,592$4,718$2,459$1,233$603$85

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $8,800,000, adding $3,581 every year, while hoping to spend $23,532 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: 38/36/26 Blend
39$8,800,000$8,800,000$8,800,000$8,800,000
40$9,701,294$9,234,894$9,098,494$9,994,595
41$10,665,788$9,662,366$9,378,255$10,636,962
42$11,727,872$10,109,995$9,666,600$11,328,296
43$12,897,475$10,578,745$9,963,791$12,075,009
44$14,185,538$11,069,624$10,270,099$12,882,136
45$15,604,118$11,583,691$10,585,803$13,755,202
46$17,166,500$12,122,054$10,911,189$14,700,265
47$18,887,324$12,685,876$11,246,556$15,723,976
48$20,782,723$13,276,375$11,592,206$16,833,630
49$22,870,472$13,894,829$11,948,457$18,037,241
50$25,170,160$14,542,576$12,315,631$19,343,603
51$27,703,375$15,221,020$12,694,062$20,762,376
52$30,493,901$15,931,633$13,084,096$22,304,168
53$33,567,952$16,675,956$13,486,086$23,980,635
54$36,954,412$17,455,606$13,900,399$25,804,581
55$40,685,111$18,272,279$14,327,411$27,790,076
56$44,795,123$19,127,752$14,767,510$29,952,584
57$49,323,101$20,023,887$15,221,096$32,309,101
58$54,311,637$20,962,637$15,688,583$34,878,312
59$59,807,667$21,946,050$16,170,394$37,680,760
60$65,862,914$22,976,271$16,666,967$40,739,033
61$72,534,375$24,055,552$17,178,754$44,077,968
62$79,884,858$25,186,251$17,706,219$47,724,884
63$87,983,577$26,370,841$18,249,841$51,709,827
64$96,906,806$27,611,916$18,810,115$56,065,851
65$106,738,594$28,912,194$19,387,548$60,829,314
66$117,571,565$30,274,526$19,982,664$66,040,222
67$129,507,786$31,701,899$20,596,005$71,742,589
68$142,659,735$33,197,447$21,228,126$77,984,850
69$157,151,361$34,764,454$21,879,601$84,820,305
70$173,119,253$36,406,366$22,551,021$92,307,610
71$190,713,931$38,126,792$23,242,995$100,511,326
72$210,101,267$39,929,520$23,956,150$109,502,511
73$231,464,048$41,818,518$24,691,133$119,359,382
74$255,003,705$43,797,950$25,448,610$130,168,042
75$280,942,213$45,872,179$26,229,268$142,023,277
76$309,524,184$48,045,781$27,033,814$155,029,439
77$341,019,181$50,323,555$27,862,977$169,301,419
78$375,724,259$52,710,530$28,717,508$184,965,712
79$413,966,770$55,211,983$29,598,181$202,161,603
80$456,107,454$57,833,444$30,505,794$221,042,456
81$502,543,845$60,580,713$31,441,168$241,777,154
82$553,714,020$63,459,871$32,405,151$264,551,671
83$610,100,740$66,477,295$33,398,614$289,570,810
84$672,236,005$69,639,671$34,422,456$317,060,119
85$740,706,073$72,954,011$35,477,604$347,267,996
86$816,157,002$76,427,667$36,565,013$380,468,017
87$899,300,740$80,068,347$37,685,666$416,961,493
88$990,921,856$83,884,136$38,840,575$457,080,296
89$1,091,884,937$87,883,510$40,030,786$501,189,961
90$1,203,142,757$92,075,359$41,257,374$549,693,120
91$1,325,745,270$96,469,004$42,521,448$603,033,269
92$1,460,849,521$101,074,218$43,824,150$661,698,929
93$1,609,730,570$105,901,253$45,166,657$726,228,233
94$1,773,793,530$110,960,856$46,550,181$797,213,971
95$1,954,586,830$116,264,298$47,975,973$875,309,155
96$2,153,816,837$121,823,399$49,445,318$961,233,154
97$2,373,363,963$127,650,554$50,959,545$1,055,778,446
98$2,615,300,417$133,758,760$52,520,019$1,159,818,065
99$2,881,909,768$140,161,648$54,128,149$1,274,313,805
100$3,175,708,508$146,873,512$55,785,385$1,400,325,260