Can I retire at age 40 with 9,600,000?

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 $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$792,759$785,698$778,808$772,084$765,517$761,012
2 years$392,455$385,146$378,062$371,194$364,532$359,987
3 years$259,038$251,697$244,631$237,828$231,274$226,829
4 years$192,342$185,024$178,029$171,341$164,947$160,637
5 years$152,335$145,061$138,158$131,607$125,390$121,228
6 years$125,673$118,453$111,652$105,247$99,217$95,208
7 years$106,636$99,477$92,783$86,529$80,690$76,836
8 years$92,364$85,270$78,688$72,587$66,940$63,241
9 years$81,270$74,243$67,774$61,828$56,373$52,829
10 years$72,400$65,441$59,087$53,297$48,033$44,641
11 years$65,147$58,259$52,019$46,384$41,310$38,068
12 years$59,108$52,290$46,165$40,685$35,798$32,704
13 years$54,001$47,255$41,246$35,919$31,217$28,267
14 years$49,628$42,953$37,060$31,885$27,364$24,555
15 years$45,842$39,239$33,460$28,435$24,094$21,422
16 years$42,532$36,001$30,336$25,461$21,294$18,756
17 years$39,614$33,155$27,605$22,876$18,881$16,472
18 years$37,024$30,637$25,200$20,616$16,788$14,505
19 years$34,708$28,394$23,069$18,629$14,963$12,801
20 years$32,627$26,385$21,172$16,872$13,366$11,320
21 years$30,747$24,577$19,474$15,312$11,961$10,028
22 years$29,040$22,941$17,948$13,922$10,721$8,897
23 years$27,483$21,457$16,572$12,679$9,624$7,903
24 years$26,059$20,104$15,326$11,564$8,650$7,029
25 years$24,750$18,866$14,195$10,561$7,784$6,258
26 years$23,544$17,731$13,165$9,657$7,011$5,576
27 years$22,430$16,687$12,225$8,839$6,321$4,973
28 years$21,396$15,724$11,365$8,098$5,704$4,438
29 years$20,436$14,834$10,576$7,426$5,150$3,963
30 years$19,541$14,009$9,851$6,816$4,654$3,541
31 years$18,706$13,243$9,184$6,260$4,207$3,165
32 years$17,925$12,531$8,569$5,753$3,806$2,831
33 years$17,192$11,867$8,001$5,290$3,444$2,533
34 years$16,504$11,247$7,475$4,867$3,118$2,267
35 years$15,857$10,668$6,989$4,481$2,825$2,029
36 years$15,247$10,125$6,538$4,127$2,559$1,817
37 years$14,671$9,617$6,119$3,802$2,319$1,628
38 years$14,127$9,139$5,731$3,504$2,103$1,458
39 years$13,613$8,690$5,369$3,231$1,907$1,307
40 years$13,125$8,268$5,032$2,980$1,730$1,171
41 years$12,662$7,871$4,719$2,750$1,569$1,050
42 years$12,222$7,496$4,426$2,538$1,424$941
43 years$11,804$7,142$4,153$2,343$1,292$844
44 years$11,406$6,808$3,899$2,163$1,173$757
45 years$11,027$6,492$3,661$1,998$1,065$679
46 years$10,665$6,193$3,438$1,845$967$609
47 years$10,320$5,910$3,230$1,705$878$546
48 years$9,990$5,642$3,036$1,575$797$490
49 years$9,675$5,388$2,853$1,456$724$440
50 years$9,373$5,146$2,682$1,346$658$394

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $9,600,000, adding $3,480 every year, while hoping to spend $23,293 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: 32/47/21 Blend
39$9,600,000$9,600,000$9,600,000$9,600,000
40$10,582,790$10,073,990$9,925,190$10,852,582
41$11,637,451$10,542,832$10,232,900$11,524,214
42$12,798,906$11,033,866$10,550,138$12,244,785
43$14,078,025$11,548,156$10,877,198$13,020,448
44$15,486,784$12,086,815$11,214,384$13,856,041
45$17,038,379$12,651,012$11,562,009$14,756,862
46$18,747,352$13,241,971$11,920,395$15,728,713
47$20,629,730$13,860,975$12,289,876$16,777,950
48$22,703,170$14,509,370$12,670,794$17,911,537
49$24,987,130$15,188,567$13,063,503$19,137,110
50$27,503,054$15,900,043$13,468,367$20,463,037
51$30,274,571$16,645,350$13,885,762$21,898,497
52$33,327,717$17,426,113$14,316,075$23,453,558
53$36,691,186$18,244,034$14,759,706$25,139,264
54$40,396,596$19,100,901$15,217,066$26,967,735
55$44,478,790$19,998,586$15,688,578$28,952,273
56$48,976,163$20,939,053$16,174,681$31,107,482
57$53,931,024$21,924,359$16,675,826$33,449,394
58$59,389,999$22,956,664$17,192,477$35,995,615
59$65,404,467$24,038,228$17,725,113$38,765,484
60$72,031,046$25,171,424$18,274,227$41,780,244
61$79,332,129$26,358,740$18,840,330$45,063,232
62$87,376,470$27,602,783$19,423,946$48,640,096
63$96,239,838$28,906,287$20,025,615$52,539,017
64$106,005,724$30,272,118$20,645,896$56,790,974
65$116,766,137$31,703,281$21,285,363$61,430,019
66$128,622,469$33,202,928$21,944,608$66,493,589
67$141,686,452$34,774,362$22,624,244$72,022,847
68$156,081,212$36,421,048$23,324,898$78,063,058
69$171,942,435$38,146,618$24,047,221$84,663,999
70$189,419,641$39,954,881$24,791,881$91,880,423
71$208,677,604$41,849,829$25,559,569$99,772,553
72$229,897,900$43,835,651$26,350,994$108,406,639
73$253,280,623$45,916,736$27,166,890$117,855,566
74$279,046,279$48,097,688$28,008,013$128,199,526
75$307,437,859$50,383,334$28,875,141$139,526,759
76$338,723,139$52,778,735$29,769,077$151,934,360
77$373,197,206$55,289,200$30,690,648$165,529,188
78$411,185,243$57,920,294$31,640,707$180,428,843
79$453,045,601$60,677,851$32,620,134$196,762,763
80$499,173,179$63,567,992$33,629,834$214,673,417
81$550,003,152$66,597,133$34,670,743$234,317,634
82$606,015,084$69,772,003$35,743,823$255,868,053
83$667,737,448$73,099,657$36,850,067$279,514,729
84$735,752,622$76,587,494$37,990,498$305,466,902
85$810,702,381$80,243,273$39,166,171$333,954,941
86$893,293,960$84,075,129$40,378,174$365,232,494
87$984,306,727$88,091,594$41,627,626$399,578,847
88$1,084,599,545$92,301,614$42,915,684$437,301,530
89$1,195,118,878$96,714,572$44,243,538$478,739,189
90$1,316,907,722$101,340,305$45,612,416$524,264,744
91$1,451,115,461$106,189,131$47,023,583$574,288,874
92$1,599,008,708$111,271,868$48,478,343$629,263,855
93$1,761,983,270$116,599,863$49,978,041$689,687,791
94$1,941,577,320$122,185,014$51,524,062$756,109,270
95$2,139,485,925$128,039,797$53,117,836$829,132,502
96$2,357,577,039$134,177,297$54,760,834$909,422,974
97$2,597,909,150$140,611,237$56,454,574$997,713,685
98$2,862,750,702$147,356,007$58,200,621$1,094,812,015
99$3,154,601,519$154,426,697$60,000,588$1,201,607,292
100$3,476,216,403$161,839,133$61,856,136$1,319,079,133