Can I retire at age 40 with 8,900,000?

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 $8,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$734,954$728,407$722,020$715,786$709,698$682,889
2 years$363,838$357,062$350,495$344,128$337,952$311,253
3 years$240,150$233,344$226,794$220,486$214,410$188,662
4 years$178,317$171,533$165,048$158,848$152,919$128,318
5 years$141,228$134,484$128,084$122,010$116,247$92,856
6 years$116,509$109,816$103,511$97,573$91,982$69,818
7 years$98,860$92,223$86,018$80,220$74,806$53,862
8 years$85,629$79,052$72,950$67,294$62,059$42,315
9 years$75,344$68,829$62,832$57,320$52,263$33,691
10 years$67,121$60,670$54,778$49,410$44,530$27,098
11 years$60,397$54,011$48,226$43,002$38,298$21,965
12 years$54,798$48,477$42,799$37,718$33,188$17,913
13 years$50,064$43,809$38,238$33,300$28,940$14,680
14 years$46,010$39,821$34,357$29,560$25,369$12,078
15 years$42,499$36,377$31,020$26,362$22,337$9,968
16 years$39,430$33,376$28,124$23,604$19,741$8,247
17 years$36,726$30,738$25,592$21,208$17,504$6,838
18 years$34,324$28,403$23,362$19,113$15,564$5,679
19 years$32,178$26,324$21,387$17,270$13,872$4,724
20 years$30,248$24,461$19,628$15,642$12,391$3,933
21 years$28,505$22,785$18,054$14,196$11,089$3,279
22 years$26,922$21,269$16,639$12,907$9,939$2,735
23 years$25,479$19,892$15,363$11,755$8,922$2,283
24 years$24,159$18,638$14,209$10,721$8,019$1,907
25 years$22,946$17,490$13,160$9,791$7,216$1,593
26 years$21,828$16,438$12,205$8,952$6,500$1,332
27 years$20,794$15,470$11,334$8,194$5,860$1,113
28 years$19,836$14,578$10,536$7,508$5,288$931
29 years$18,946$13,752$9,805$6,885$4,775$779
30 years$18,117$12,988$9,133$6,319$4,314$652
31 years$17,342$12,278$8,514$5,803$3,901$546
32 years$16,618$11,617$7,944$5,333$3,528$457
33 years$15,939$11,002$7,417$4,904$3,193$382
34 years$15,301$10,427$6,930$4,512$2,891$320
35 years$14,701$9,890$6,479$4,154$2,619$268
36 years$14,135$9,387$6,061$3,826$2,373$224
37 years$13,602$8,915$5,673$3,525$2,150$188
38 years$13,097$8,473$5,313$3,249$1,949$157
39 years$12,620$8,057$4,977$2,996$1,768$132
40 years$12,168$7,665$4,665$2,763$1,604$110
41 years$11,739$7,297$4,375$2,549$1,455$92
42 years$11,331$6,949$4,104$2,353$1,320$77
43 years$10,943$6,621$3,851$2,172$1,198$65
44 years$10,574$6,311$3,614$2,005$1,087$54
45 years$10,223$6,018$3,394$1,852$987$45
46 years$9,888$5,741$3,188$1,711$896$38
47 years$9,568$5,479$2,995$1,580$814$32
48 years$9,262$5,230$2,814$1,460$739$27
49 years$8,969$4,995$2,645$1,350$671$22
50 years$8,690$4,771$2,487$1,248$610$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $8,900,000, adding $3,416 every year, while hoping to spend $21,657 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: 69/21/10 Blend
39$8,900,000$8,900,000$8,900,000$8,900,000
40$9,811,324$9,339,624$9,201,674$10,468,457
41$10,789,036$9,774,222$9,486,887$11,339,336
42$11,865,749$10,229,390$9,780,929$12,288,766
43$13,051,538$10,706,113$10,084,072$13,326,827
44$14,357,505$11,205,423$10,396,599$14,462,215
45$15,795,884$11,728,402$10,718,799$15,704,503
46$17,380,156$12,276,186$11,050,970$17,064,222
47$19,125,176$12,849,963$11,393,422$18,552,962
48$21,047,314$13,450,982$11,746,472$20,183,477
49$23,164,608$14,080,548$12,110,447$21,969,805
50$25,496,936$14,740,032$12,485,685$23,927,397
51$28,066,202$15,430,872$12,872,534$26,073,262
52$30,896,543$16,154,574$13,271,352$28,426,122
53$34,014,558$16,912,715$13,682,510$31,006,588
54$37,449,557$17,706,953$14,106,388$33,837,352
55$41,233,840$18,539,022$14,543,381$36,943,396
56$45,403,000$19,410,742$14,993,892$40,352,227
57$49,996,258$20,324,020$15,458,339$44,094,132
58$55,056,836$21,280,856$15,937,153$48,202,461
59$60,632,363$22,283,348$16,430,777$52,713,939
60$66,775,325$23,333,694$16,939,670$57,669,006
61$73,543,561$24,434,198$17,464,302$63,112,198
62$81,000,808$25,587,277$18,005,159$69,092,562
63$89,217,301$26,795,464$18,562,743$75,664,114
64$98,270,441$28,061,417$19,137,570$82,886,346
65$108,245,519$29,387,920$19,730,172$90,824,782
66$119,236,528$30,777,894$20,341,098$99,551,590
67$131,347,044$32,234,400$20,970,915$109,146,261
68$144,691,206$33,760,650$21,620,204$119,696,354
69$159,394,796$35,360,008$22,289,568$131,298,312
70$175,596,422$37,036,006$22,979,626$144,058,373
71$193,448,830$38,792,343$23,691,016$158,093,562
72$213,120,344$40,632,901$24,424,398$173,532,794
73$234,796,453$42,561,747$25,180,449$190,518,077
74$258,681,567$44,583,148$25,959,870$209,205,852
75$285,000,943$46,701,579$26,763,382$229,768,460
76$314,002,811$48,921,729$27,591,728$252,395,763
77$345,960,721$51,248,516$28,445,674$277,296,922
78$381,176,121$53,687,100$29,326,010$304,702,373
79$419,981,205$56,242,888$30,233,551$334,865,983
80$462,742,049$58,921,550$31,169,136$368,067,447
81$509,862,066$61,729,034$32,133,630$404,614,911
82$561,785,815$64,671,575$33,127,925$444,847,875
83$619,003,198$67,755,712$34,152,940$489,140,386
84$682,054,083$70,988,301$35,209,623$537,904,558
85$751,533,404$74,376,533$36,298,950$591,594,451
86$828,096,775$77,927,946$37,421,929$650,710,347
87$912,466,679$81,650,449$38,579,596$715,803,456
88$1,005,439,291$85,552,331$39,773,023$787,481,110
89$1,107,891,991$89,642,287$41,003,311$866,412,483
90$1,220,791,649$93,929,435$42,271,598$953,334,888
91$1,345,203,755$98,423,335$43,579,054$1,049,060,731
92$1,482,302,474$103,134,014$44,926,888$1,154,485,157
93$1,633,381,732$108,071,986$46,316,344$1,270,594,486
94$1,799,867,433$113,248,278$47,748,706$1,398,475,509
95$1,983,330,919$118,674,452$49,225,296$1,539,325,728
96$2,185,503,807$124,362,635$50,747,478$1,694,464,641
97$2,408,294,334$130,325,542$52,316,657$1,865,346,180
98$2,653,805,371$136,576,509$53,934,280$2,053,572,417
99$2,924,354,283$143,129,522$55,601,843$2,260,908,661
100$3,222,494,798$149,999,246$57,320,882$2,489,300,108