Can I retire at age 40 with 9,300,000?

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$767,985$761,144$754,470$747,956$741,595$736,613
2 years$380,191$373,110$366,248$359,594$353,141$348,116
3 years$250,943$243,832$236,987$230,396$224,047$219,135
4 years$186,331$179,242$172,466$165,987$159,792$155,031
5 years$147,575$140,528$133,840$127,494$121,471$116,875
6 years$121,745$114,752$108,163$101,958$96,116$91,691
7 years$103,303$96,368$89,884$83,825$78,168$73,916
8 years$89,478$82,605$76,229$70,319$64,848$60,769
9 years$78,730$71,923$65,656$59,896$54,611$50,704
10 years$70,137$63,396$57,240$51,631$46,532$42,794
11 years$63,111$56,438$50,393$44,934$40,019$36,449
12 years$57,261$50,656$44,723$39,414$34,679$31,274
13 years$52,314$45,778$39,957$34,796$30,241$26,996
14 years$48,077$41,611$35,901$30,888$26,509$23,421
15 years$44,409$38,012$32,414$27,547$23,341$20,405
16 years$41,203$34,876$29,388$24,665$20,629$17,841
17 years$38,376$32,119$26,742$22,162$18,291$15,647
18 years$35,867$29,680$24,412$19,972$16,263$13,759
19 years$33,624$27,507$22,348$18,046$14,496$12,126
20 years$31,608$25,561$20,510$16,344$12,948$10,707
21 years$29,786$23,809$18,865$14,834$11,587$9,471
22 years$28,132$22,225$17,387$13,487$10,386$8,390
23 years$26,625$20,786$16,054$12,283$9,323$7,442
24 years$25,245$19,475$14,847$11,203$8,380$6,609
25 years$23,977$18,277$13,752$10,231$7,541$5,874
26 years$22,809$17,177$12,754$9,355$6,792$5,227
27 years$21,729$16,166$11,843$8,563$6,124$4,654
28 years$20,728$15,233$11,010$7,845$5,526$4,146
29 years$19,797$14,370$10,245$7,194$4,990$3,697
30 years$18,931$13,571$9,543$6,603$4,508$3,298
31 years$18,122$12,829$8,897$6,064$4,076$2,943
32 years$17,365$12,139$8,301$5,573$3,687$2,628
33 years$16,655$11,496$7,751$5,125$3,337$2,347
34 years$15,988$10,896$7,242$4,715$3,021$2,097
35 years$15,361$10,334$6,771$4,341$2,736$1,874
36 years$14,771$9,809$6,334$3,998$2,479$1,676
37 years$14,213$9,316$5,928$3,683$2,247$1,499
38 years$13,686$8,854$5,551$3,395$2,037$1,340
39 years$13,187$8,419$5,201$3,130$1,847$1,199
40 years$12,715$8,010$4,875$2,887$1,676$1,073
41 years$12,266$7,625$4,571$2,664$1,520$960
42 years$11,840$7,261$4,288$2,458$1,379$859
43 years$11,435$6,919$4,024$2,269$1,252$769
44 years$11,050$6,595$3,777$2,095$1,136$689
45 years$10,682$6,289$3,546$1,935$1,032$616
46 years$10,332$5,999$3,331$1,788$937$552
47 years$9,998$5,725$3,129$1,651$850$494
48 years$9,678$5,466$2,941$1,526$772$443
49 years$9,372$5,219$2,764$1,410$701$396
50 years$9,080$4,986$2,599$1,304$637$355

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $9,300,000, adding $3,234 every year, while hoping to spend $49,203 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: 55/19/26 Blend
39$9,300,000$9,300,000$9,300,000$9,300,000
40$10,251,936$9,759,036$9,614,886$10,742,140
41$11,245,282$10,184,877$9,884,633$11,505,693
42$12,338,300$10,629,935$10,161,767$12,331,467
43$13,541,105$11,095,100$10,446,485$13,229,832
44$14,864,841$11,581,304$10,738,986$14,207,781
45$16,321,789$12,089,522$11,039,476$15,273,009
46$17,925,478$12,620,775$11,348,165$16,433,976
47$19,690,818$13,176,134$11,665,270$17,699,989
48$21,634,236$13,756,720$11,991,011$19,081,288
49$23,773,834$14,363,705$12,325,616$20,589,140
50$26,129,558$14,998,319$12,669,317$22,235,942
51$28,723,385$15,661,849$13,022,351$24,035,334
52$31,579,534$16,355,644$13,384,964$26,002,331
53$34,724,691$17,081,114$13,757,404$28,153,454
54$38,188,261$17,839,741$14,139,929$30,506,891
55$42,002,647$18,633,072$14,532,800$33,082,661
56$46,203,555$19,462,730$14,936,287$35,902,800
57$50,830,330$20,330,416$15,350,665$38,991,569
58$55,926,327$21,237,910$15,776,215$42,375,676
59$61,539,322$22,187,077$16,213,228$46,084,527
60$67,721,960$23,179,871$16,661,999$50,150,501
61$74,532,255$24,218,339$17,122,830$54,609,248
62$82,034,133$25,304,626$17,596,034$59,500,026
63$90,298,041$26,440,979$18,081,926$64,866,065
64$99,401,603$27,629,749$18,580,833$70,754,972
65$109,430,365$28,873,404$19,093,089$77,219,174
66$120,478,588$30,174,527$19,619,033$84,316,413
67$132,650,149$31,535,825$20,159,016$92,110,281
68$146,059,516$32,960,132$20,713,395$100,670,818
69$160,832,829$34,450,420$21,282,536$110,075,168
70$177,109,089$36,009,803$21,866,813$120,408,302
71$195,041,475$37,641,542$22,466,610$131,763,815
72$214,798,782$39,349,054$23,082,318$144,244,800
73$236,567,022$41,135,922$23,714,340$157,964,821
74$260,551,173$43,005,897$24,363,085$173,048,974
75$286,977,119$44,962,912$25,028,974$189,635,064
76$316,093,777$47,011,087$25,712,437$207,874,897
77$348,175,452$49,154,740$26,413,914$227,935,707
78$383,524,422$51,398,395$27,133,853$250,001,728
79$422,473,790$53,746,794$27,872,715$274,275,925
80$465,390,636$56,204,906$28,630,970$300,981,899
81$512,679,472$58,777,938$29,409,099$330,365,994
82$564,786,068$61,471,347$30,207,593$362,699,611
83$622,201,655$64,290,851$31,026,955$398,281,761
84$685,467,565$67,242,444$31,867,700$437,441,877
85$755,180,341$70,332,407$32,730,352$480,542,918
86$831,997,365$73,567,324$33,615,448$527,984,780
87$916,643,067$76,954,094$34,523,536$580,208,063
88$1,009,915,762$80,499,947$35,455,177$637,698,218
89$1,112,695,189$84,212,464$36,410,944$700,990,119
90$1,225,950,809$88,099,585$37,391,422$770,673,099
91$1,350,750,965$92,169,639$38,397,208$847,396,499
92$1,488,272,962$96,431,349$39,428,913$931,875,789
93$1,639,814,183$100,893,864$40,487,160$1,024,899,303
94$1,806,804,336$105,566,770$41,572,586$1,127,335,669
95$1,990,818,951$110,460,114$42,685,841$1,240,141,995
96$2,193,594,254$115,584,431$43,827,587$1,364,372,885
97$2,417,043,560$120,950,759$44,998,503$1,501,190,382
98$2,663,275,330$126,570,673$46,199,279$1,651,874,917
99$2,934,613,080$132,456,302$47,430,622$1,817,837,382
100$3,233,617,315$138,620,363$48,693,249$2,000,632,428