Can I retire at age 40 with 9,900,000?

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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$817,533$810,251$803,146$796,211$789,440$769,107
2 years$404,719$397,182$389,877$382,794$375,924$355,574
3 years$267,133$259,563$252,276$245,260$238,501$218,772
4 years$198,353$190,806$183,592$176,696$170,101$151,143
5 years$157,096$149,594$142,475$135,719$129,308$111,174
6 years$129,600$122,155$115,141$108,536$102,317$85,025
7 years$109,968$102,586$95,683$89,233$83,211$66,762
8 years$95,251$87,935$81,147$74,856$69,032$53,418
9 years$83,810$76,563$69,892$63,760$58,135$43,343
10 years$74,662$67,487$60,933$54,962$49,534$35,546
11 years$67,183$60,079$53,644$47,833$42,601$29,396
12 years$60,955$53,924$47,608$41,956$36,917$24,471
13 years$55,689$48,731$42,535$37,041$32,192$20,481
14 years$51,179$44,296$38,218$32,881$28,219$17,217
15 years$47,274$40,465$34,505$29,324$24,847$14,524
16 years$43,861$37,126$31,284$26,257$21,960$12,289
17 years$40,852$34,191$28,467$23,591$19,471$10,423
18 years$38,180$31,594$25,987$21,261$17,313$8,859
19 years$35,793$29,281$23,790$19,211$15,431$7,543
20 years$33,647$27,210$21,833$17,399$13,783$6,431
21 years$31,708$25,345$20,082$15,791$12,335$5,491
22 years$29,947$23,658$18,509$14,357$11,056$4,692
23 years$28,342$22,127$17,090$13,076$9,925$4,014
24 years$26,873$20,732$15,805$11,926$8,920$3,436
25 years$25,524$19,456$14,639$10,891$8,027$2,943
26 years$24,280$18,285$13,577$9,958$7,231$2,522
27 years$23,131$17,209$12,607$9,115$6,519$2,162
28 years$22,065$16,216$11,720$8,351$5,882$1,855
29 years$21,075$15,297$10,906$7,658$5,311$1,592
30 years$20,152$14,447$10,159$7,029$4,799$1,366
31 years$19,291$13,657$9,471$6,455$4,339$1,173
32 years$18,485$12,922$8,836$5,932$3,925$1,007
33 years$17,729$12,238$8,251$5,455$3,552$865
34 years$17,020$11,599$7,709$5,019$3,216$743
35 years$16,352$11,001$7,207$4,621$2,913$638
36 years$15,723$10,442$6,742$4,255$2,639$549
37 years$15,130$9,917$6,311$3,921$2,392$471
38 years$14,569$9,425$5,910$3,614$2,169$405
39 years$14,038$8,962$5,537$3,332$1,966$348
40 years$13,535$8,527$5,190$3,074$1,784$299
41 years$13,058$8,117$4,866$2,836$1,618$257
42 years$12,604$7,730$4,565$2,617$1,468$221
43 years$12,173$7,365$4,283$2,416$1,333$190
44 years$11,763$7,020$4,021$2,231$1,210$163
45 years$11,372$6,695$3,775$2,060$1,098$140
46 years$10,999$6,386$3,546$1,903$997$121
47 years$10,643$6,095$3,331$1,758$905$104
48 years$10,302$5,818$3,130$1,624$822$89
49 years$9,977$5,556$2,942$1,501$747$77
50 years$9,666$5,307$2,766$1,388$678$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $9,900,000, adding $4,749 every year, while hoping to spend $55,013 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: 49/23/28 Blend
39$9,900,000$9,900,000$9,900,000$9,900,000
40$10,914,699$10,389,999$10,236,549$11,362,420
41$11,969,464$10,840,575$10,520,940$12,127,461
42$13,129,973$11,311,386$10,813,014$12,952,355
43$14,406,951$11,803,365$11,112,971$13,847,533
44$15,812,219$12,317,489$11,421,014$14,819,673
45$17,358,801$12,854,781$11,737,354$15,876,114
46$19,061,047$13,416,314$12,062,203$17,024,926
47$20,934,768$14,003,208$12,395,782$18,274,982
48$22,997,389$14,616,640$12,738,315$19,636,037
49$25,268,106$15,257,839$13,090,032$21,118,823
50$27,768,073$15,928,093$13,451,169$22,735,140
51$30,520,599$16,628,752$13,821,966$24,497,970
52$33,551,369$17,361,230$14,202,670$26,421,596
53$36,888,684$18,127,005$14,593,535$28,521,730
54$40,563,730$18,927,629$14,994,818$30,815,660
55$44,610,871$19,764,723$15,406,785$33,322,411
56$49,067,974$20,639,989$15,829,707$36,062,919
57$53,976,766$21,555,207$16,263,860$39,060,225
58$59,383,226$22,512,242$16,709,530$42,339,691
59$65,338,021$23,513,048$17,167,005$45,929,231
60$71,896,983$24,559,671$17,636,583$49,859,572
61$79,121,635$25,654,255$18,118,569$54,164,542
62$87,079,774$26,799,045$18,613,273$58,881,380
63$95,846,106$27,996,393$19,121,012$64,051,088
64$105,502,956$29,248,763$19,642,114$69,718,807
65$116,141,042$30,558,737$20,176,909$75,934,243
66$127,860,331$31,929,019$20,725,738$82,752,127
67$140,770,985$33,362,440$21,288,950$90,232,728
68$154,994,395$34,861,970$21,866,900$98,442,416
69$170,664,334$36,430,717$22,459,952$107,454,279
70$187,928,212$38,071,938$23,068,476$117,348,811
71$206,948,474$39,789,047$23,692,854$128,214,661
72$227,904,127$41,585,619$24,333,474$140,149,466
73$250,992,434$43,465,401$24,990,732$153,260,763
74$276,430,775$45,432,318$25,665,033$167,666,997
75$304,458,695$47,490,483$26,356,793$183,498,631
76$335,340,171$49,644,205$27,066,435$200,899,369
77$369,366,098$51,898,001$27,794,389$220,027,503
78$406,857,038$54,256,601$28,541,100$241,057,401
79$448,166,245$56,724,964$29,307,016$264,181,140
80$493,683,000$59,308,285$30,092,599$289,610,310
81$543,836,283$62,012,008$30,898,318$317,578,003
82$599,098,827$64,841,839$31,724,654$348,341,000
83$659,991,573$67,803,755$32,572,097$382,182,184
84$727,088,597$70,904,023$33,441,145$419,413,201
85$801,022,521$74,149,207$34,332,311$460,377,387
86$882,490,488$77,546,188$35,246,113$505,452,995
87$972,260,743$81,102,176$36,183,083$555,056,757
88$1,071,179,886$84,824,729$37,143,763$609,647,799
89$1,180,180,860$88,721,767$38,128,705$669,731,966
90$1,300,291,763$92,801,589$39,138,472$735,866,573
91$1,432,645,550$97,072,895$40,173,638$808,665,661
92$1,578,490,731$101,544,801$41,234,790$888,805,769
93$1,739,203,154$106,226,864$42,322,523$977,032,305
94$1,916,298,993$111,129,098$43,437,446$1,074,166,569
95$2,111,449,068$116,262,002$44,580,177$1,181,113,479
96$2,326,494,609$121,636,576$45,751,350$1,298,870,103
97$2,563,464,644$127,264,353$46,951,605$1,428,535,043
98$2,824,595,152$133,157,420$48,181,597$1,571,318,789
99$3,112,350,170$139,328,447$49,441,993$1,728,555,124
100$3,429,445,059$145,790,712$50,733,472$1,901,713,688