Can I retire at age 40 with 9,500,000?

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$784,501$777,513$770,696$764,041$757,543$741,642
2 years$388,367$381,134$374,124$367,327$360,735$344,789
3 years$256,339$249,075$242,083$235,350$228,865$213,373
4 years$190,339$183,097$176,174$169,557$163,228$148,309
5 years$150,748$143,550$136,719$130,236$124,084$109,779
6 years$124,364$117,219$110,489$104,151$98,183$84,509
7 years$105,525$98,441$91,817$85,628$79,849$66,808
8 years$91,402$84,382$77,868$71,831$66,243$53,831
9 years$80,423$73,470$67,068$61,184$55,786$43,994
10 years$71,646$64,760$58,471$52,741$47,532$36,349
11 years$64,469$57,652$51,477$45,901$40,879$30,291
12 years$58,492$51,745$45,685$40,261$35,425$25,415
13 years$53,439$46,763$40,816$35,545$30,891$21,443
14 years$49,111$42,506$36,673$31,552$27,079$18,173
15 years$45,364$38,830$33,111$28,139$23,843$15,460
16 years$42,089$35,626$30,020$25,196$21,072$13,193
17 years$39,201$32,810$27,317$22,638$18,684$11,287
18 years$36,638$30,318$24,937$20,401$16,613$9,679
19 years$34,347$28,098$22,829$18,434$14,808$8,315
20 years$32,287$26,110$20,951$16,696$13,226$7,154
21 years$30,427$24,321$19,271$15,153$11,836$6,164
22 years$28,737$22,702$17,761$13,777$10,609$5,317
23 years$27,197$21,233$16,399$12,547$9,524$4,591
24 years$25,787$19,894$15,167$11,444$8,560$3,967
25 years$24,492$18,670$14,047$10,451$7,703$3,431
26 years$23,299$17,546$13,028$9,556$6,938$2,969
27 years$22,196$16,513$12,098$8,747$6,256$2,570
28 years$21,173$15,560$11,246$8,014$5,644$2,226
29 years$20,223$14,679$10,466$7,349$5,097$1,929
30 years$19,338$13,863$9,748$6,745$4,605$1,672
31 years$18,511$13,105$9,088$6,194$4,164$1,450
32 years$17,738$12,400$8,479$5,693$3,766$1,258
33 years$17,013$11,743$7,917$5,235$3,408$1,091
34 years$16,332$11,130$7,397$4,817$3,086$947
35 years$15,692$10,557$6,916$4,434$2,795$822
36 years$15,088$10,020$6,470$4,084$2,533$713
37 years$14,519$9,516$6,056$3,762$2,295$619
38 years$13,980$9,044$5,671$3,468$2,081$538
39 years$13,471$8,600$5,313$3,198$1,887$467
40 years$12,988$8,182$4,980$2,949$1,712$405
41 years$12,530$7,789$4,670$2,721$1,553$352
42 years$12,095$7,418$4,380$2,511$1,409$306
43 years$11,681$7,068$4,110$2,318$1,279$265
44 years$11,287$6,737$3,858$2,140$1,161$231
45 years$10,912$6,424$3,623$1,977$1,054$200
46 years$10,554$6,128$3,403$1,826$957$174
47 years$10,213$5,848$3,197$1,687$869$151
48 years$9,886$5,583$3,004$1,559$789$131
49 years$9,574$5,332$2,823$1,441$717$114
50 years$9,275$5,093$2,654$1,332$651$99

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $9,500,000, adding $5,717 every year, while hoping to spend $20,972 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: 70/16/14 Blend
39$9,500,000$9,500,000$9,500,000$9,500,000
40$10,474,897$9,971,397$9,824,147$11,174,896
41$11,521,023$10,437,681$10,130,942$12,106,896
42$12,673,150$10,926,111$10,447,312$13,123,460
43$13,942,069$11,437,748$10,773,555$14,235,442
44$15,339,670$11,973,708$11,109,979$15,452,247
45$16,879,056$12,535,159$11,456,902$16,784,224
46$18,574,662$13,123,324$11,814,651$18,242,762
47$20,442,400$13,739,490$12,183,564$19,840,399
48$22,499,800$14,385,000$12,563,989$21,590,935
49$24,766,182$15,061,267$12,956,285$23,509,561
50$27,262,834$15,769,771$13,360,822$25,613,002
51$30,013,215$16,512,062$13,777,981$27,919,669
52$33,043,177$17,289,767$14,208,158$30,449,834
53$36,381,206$18,104,590$14,651,756$33,225,817
54$40,058,695$18,958,320$15,109,195$36,272,194
55$44,110,235$19,852,831$15,580,906$39,616,027
56$48,573,947$20,790,088$16,067,335$43,287,116
57$53,491,838$21,772,152$16,568,940$47,318,278
58$58,910,200$22,801,181$17,086,194$51,745,653
59$64,880,044$23,879,443$17,619,585$56,609,043
60$71,457,584$25,009,311$18,169,616$61,952,281
61$78,704,766$26,193,275$18,736,806$67,823,647
62$86,689,853$27,433,947$19,321,690$74,276,314
63$95,488,071$28,734,063$19,924,820$81,368,851
64$105,182,317$30,096,495$20,546,764$89,165,768
65$115,863,941$31,524,251$21,188,108$97,738,124
66$127,633,611$33,020,487$21,849,458$107,164,191
67$140,602,262$34,588,513$22,531,437$117,530,189
68$154,892,140$36,231,798$23,234,688$128,931,096
69$170,637,962$37,953,980$23,959,874$141,471,537
70$187,988,183$39,758,874$24,707,679$155,266,772
71$207,106,399$41,650,480$25,478,807$170,443,770
72$228,172,890$43,632,992$26,273,986$187,142,410
73$251,386,325$45,710,809$27,093,964$205,516,792
74$276,965,635$47,888,543$27,939,516$225,736,684
75$305,152,078$50,171,030$28,811,438$247,989,121
76$336,211,520$52,563,341$29,710,552$272,480,162
77$370,436,944$55,070,793$30,637,705$299,436,830
78$408,151,215$57,698,965$31,593,770$329,109,244
79$449,710,127$60,453,702$32,579,650$361,772,977
80$495,505,764$63,341,138$33,596,272$397,731,645
81$545,970,200$66,367,701$34,644,595$437,319,769
82$601,579,578$69,540,136$35,725,606$480,905,920
83$662,858,606$72,865,514$36,840,325$528,896,193
84$730,385,508$76,351,249$37,989,801$581,738,026
85$804,797,488$80,005,118$39,175,117$639,924,419
86$886,796,738$83,835,275$40,397,390$703,998,576
87$977,157,074$87,850,272$41,657,771$774,559,019
88$1,076,731,237$92,059,076$42,957,447$852,265,230
89$1,186,458,944$96,471,093$44,297,643$937,843,863
90$1,307,375,764$101,096,183$45,679,621$1,032,095,592
91$1,440,622,886$105,944,690$47,104,683$1,135,902,657
92$1,587,457,900$111,027,460$48,574,170$1,250,237,178
93$1,749,266,668$116,355,868$50,089,466$1,376,170,316
94$1,927,576,404$121,941,841$51,651,999$1,514,882,375
95$2,124,070,095$127,797,890$53,263,240$1,667,673,924
96$2,340,602,392$133,937,133$54,924,705$1,835,978,060
97$2,579,217,113$140,373,330$56,637,960$2,021,373,923
98$2,842,166,544$147,120,908$58,404,617$2,225,601,580
99$3,131,932,699$154,195,001$60,226,339$2,450,578,438
100$3,451,250,755$161,611,476$62,104,842$2,698,417,325