Can I retire at age 40 with 10,300,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$850,564$842,988$835,596$828,381$821,336$802,785
2 years$421,071$413,229$405,629$398,260$391,113$372,522
3 years$277,926$270,050$262,469$255,169$248,138$230,089
4 years$206,367$198,515$191,010$183,835$176,974$159,605
5 years$163,443$155,638$148,232$141,203$134,533$117,893
6 years$134,836$127,090$119,793$112,921$106,451$90,558
7 years$114,411$106,730$99,549$92,839$86,573$71,429
8 years$99,099$91,488$84,425$77,880$71,821$57,420
9 years$87,196$79,656$72,715$66,337$60,484$46,815
10 years$77,679$70,213$63,395$57,183$51,535$38,584
11 years$69,898$62,507$55,812$49,766$44,322$32,072
12 years$63,418$56,103$49,532$43,652$38,408$26,839
13 years$57,939$50,700$44,253$38,538$33,493$22,584
14 years$53,247$46,085$39,762$34,210$29,360$19,088
15 years$49,184$42,100$35,900$30,509$25,851$16,193
16 years$45,633$38,626$32,548$27,317$22,847$13,779
17 years$42,503$35,573$29,618$24,544$20,258$11,756
18 years$39,723$32,871$27,037$22,120$18,012$10,051
19 years$37,239$30,464$24,751$19,987$16,055$8,608
20 years$35,006$28,309$22,715$18,102$14,340$7,385
21 years$32,989$26,369$20,894$16,429$12,833$6,343
22 years$31,157$24,614$19,257$14,937$11,503$5,455
23 years$29,487$23,021$17,780$13,604$10,326$4,695
24 years$27,959$21,569$16,444$12,407$9,281$4,044
25 years$26,555$20,242$15,230$11,331$8,351$3,486
26 years$25,261$19,024$14,125$10,361$7,523$3,007
27 years$24,065$17,904$13,116$9,483$6,782$2,595
28 years$22,956$16,871$12,193$8,689$6,120$2,241
29 years$21,926$15,916$11,347$7,968$5,526$1,935
30 years$20,966$15,031$10,569$7,312$4,993$1,672
31 years$20,070$14,209$9,854$6,716$4,514$1,445
32 years$19,232$13,444$9,194$6,172$4,083$1,249
33 years$18,446$12,732$8,584$5,676$3,696$1,080
34 years$17,708$12,067$8,020$5,222$3,346$934
35 years$17,013$11,446$7,499$4,807$3,030$808
36 years$16,359$10,863$7,015$4,427$2,746$699
37 years$15,741$10,318$6,566$4,079$2,489$605
38 years$15,158$9,806$6,148$3,760$2,256$523
39 years$14,605$9,324$5,760$3,467$2,046$453
40 years$14,082$8,871$5,399$3,198$1,856$392
41 years$13,585$8,445$5,063$2,950$1,684$339
42 years$13,113$8,042$4,749$2,723$1,528$293
43 years$12,665$7,663$4,456$2,513$1,386$254
44 years$12,238$7,304$4,183$2,321$1,258$220
45 years$11,831$6,965$3,928$2,143$1,142$190
46 years$11,443$6,644$3,689$1,980$1,037$165
47 years$11,073$6,341$3,466$1,829$942$143
48 years$10,719$6,053$3,257$1,690$855$123
49 years$10,380$5,780$3,061$1,562$777$107
50 years$10,056$5,522$2,878$1,444$706$93

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $10,300,000, adding $6,283 every year, while hoping to spend $58,576 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: 57/25/18 Blend
39$10,300,000$10,300,000$10,300,000$10,300,000
40$11,357,081$10,811,181$10,651,531$11,950,078
41$12,453,179$11,278,604$10,946,033$12,821,207
42$13,659,115$11,766,968$11,248,437$13,763,184
43$14,986,032$12,277,237$11,558,947$14,788,410
44$16,446,206$12,810,420$11,877,770$15,904,902
45$18,053,163$13,367,575$12,205,120$17,121,471
46$19,821,807$13,949,807$12,541,212$18,447,810
47$21,768,560$14,558,276$12,886,272$19,894,581
48$23,911,517$15,194,196$13,240,526$21,473,511
49$26,270,617$15,858,836$13,604,208$23,197,500
50$28,867,828$16,553,528$13,977,558$25,080,742
51$31,727,360$17,279,664$14,360,820$27,138,854
52$34,875,887$18,038,704$14,754,243$29,389,021
53$38,342,803$18,832,176$15,158,085$31,850,155
54$42,160,495$19,661,679$15,572,608$34,543,069
55$46,364,654$20,528,889$15,998,078$37,490,670
56$50,994,606$21,435,563$16,434,772$40,718,173
57$56,093,688$22,383,537$16,882,968$44,253,333
58$61,709,651$23,374,737$17,342,955$48,126,704
59$67,895,116$24,411,180$17,815,025$52,371,923
60$74,708,068$25,494,978$18,299,478$57,026,021
61$82,212,402$26,628,342$18,796,621$62,129,773
62$90,478,527$27,813,592$19,306,768$67,728,070
63$99,584,032$29,053,152$19,830,240$73,870,345
64$109,614,414$30,349,568$20,367,364$80,611,032
65$120,663,888$31,705,501$20,918,474$88,010,072
66$132,836,276$33,123,742$21,483,915$96,133,474
67$146,245,985$34,607,214$22,064,035$105,053,935
68$161,019,087$36,158,979$22,659,192$114,851,515
69$177,294,510$37,782,245$23,269,751$125,614,389
70$195,225,348$39,480,372$23,896,085$137,439,674
71$214,980,305$41,256,882$24,538,575$150,434,334
72$236,745,290$43,115,463$25,197,611$164,716,185
73$260,725,168$45,059,980$25,873,590$180,415,000
74$287,145,698$47,094,481$26,566,918$197,673,724
75$316,255,658$49,223,210$27,278,009$216,649,816
76$348,329,200$51,450,612$28,007,286$237,516,724
77$383,668,429$53,781,343$28,755,181$260,465,517
78$422,606,264$56,220,283$29,522,135$285,706,675
79$465,509,573$58,772,547$30,308,596$313,472,069
80$512,782,640$61,443,493$31,115,025$344,017,136
81$564,870,979$64,238,734$31,941,888$377,623,282
82$622,265,541$67,164,154$32,789,663$414,600,523
83$685,507,346$70,225,917$33,658,837$455,290,406
84$755,192,593$73,430,485$34,549,906$500,069,212
85$831,978,285$76,784,627$35,463,376$549,351,503
86$916,588,434$80,295,437$36,399,762$603,594,015
87$1,009,820,891$83,970,350$37,359,591$663,299,960
88$1,112,554,883$87,817,158$38,343,398$729,023,757
89$1,225,759,308$91,844,026$39,351,729$801,376,255
90$1,350,501,885$96,059,511$40,385,140$881,030,478
91$1,487,959,231$100,472,581$41,444,196$968,727,965
92$1,639,427,970$105,092,635$42,529,474$1,065,285,750
93$1,806,336,973$109,929,524$43,641,562$1,171,604,057
94$1,990,260,846$114,993,572$44,781,056$1,288,674,777
95$2,192,934,796$120,295,600$45,948,564$1,417,590,817
96$2,416,271,009$125,846,949$47,144,705$1,559,556,386
97$2,662,376,707$131,659,505$48,370,108$1,715,898,350
98$2,933,574,038$137,745,727$49,625,413$1,888,078,729
99$3,232,421,995$144,118,673$50,911,270$2,077,708,477
100$3,561,740,582$150,792,032$52,228,341$2,286,562,664