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

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 $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%13.1%
1 years$850,564$842,988$835,596$828,381$821,336$810,737
2 years$421,071$413,229$405,629$398,260$391,113$380,449
3 years$277,926$270,050$262,469$255,169$248,138$237,742
4 years$206,367$198,515$191,010$183,835$176,974$166,925
5 years$163,443$155,638$148,232$141,203$134,533$124,860
6 years$134,836$127,090$119,793$112,921$106,451$97,167
7 years$114,411$106,730$99,549$92,839$86,573$77,681
8 years$99,099$91,488$84,425$77,880$71,821$63,319
9 years$87,196$79,656$72,715$66,337$60,484$52,369
10 years$77,679$70,213$63,395$57,183$51,535$43,801
11 years$69,898$62,507$55,812$49,766$44,322$36,962
12 years$63,418$56,103$49,532$43,652$38,408$31,415
13 years$57,939$50,700$44,253$38,538$33,493$26,856
14 years$53,247$46,085$39,762$34,210$29,360$23,070
15 years$49,184$42,100$35,900$30,509$25,851$19,897
16 years$45,633$38,626$32,548$27,317$22,847$17,219
17 years$42,503$35,573$29,618$24,544$20,258$14,944
18 years$39,723$32,871$27,037$22,120$18,012$13,001
19 years$37,239$30,464$24,751$19,987$16,055$11,334
20 years$35,006$28,309$22,715$18,102$14,340$9,899
21 years$32,989$26,369$20,894$16,429$12,833$8,659
22 years$31,157$24,614$19,257$14,937$11,503$7,585
23 years$29,487$23,021$17,780$13,604$10,326$6,651
24 years$27,959$21,569$16,444$12,407$9,281$5,838
25 years$26,555$20,242$15,230$11,331$8,351$5,129
26 years$25,261$19,024$14,125$10,361$7,523$4,510
27 years$24,065$17,904$13,116$9,483$6,782$3,968
28 years$22,956$16,871$12,193$8,689$6,120$3,493
29 years$21,926$15,916$11,347$7,968$5,526$3,077
30 years$20,966$15,031$10,569$7,312$4,993$2,712
31 years$20,070$14,209$9,854$6,716$4,514$2,390
32 years$19,232$13,444$9,194$6,172$4,083$2,108
33 years$18,446$12,732$8,584$5,676$3,696$1,860
34 years$17,708$12,067$8,020$5,222$3,346$1,641
35 years$17,013$11,446$7,499$4,807$3,030$1,448
36 years$16,359$10,863$7,015$4,427$2,746$1,278
37 years$15,741$10,318$6,566$4,079$2,489$1,129
38 years$15,158$9,806$6,148$3,760$2,256$997
39 years$14,605$9,324$5,760$3,467$2,046$880
40 years$14,082$8,871$5,399$3,198$1,856$778
41 years$13,585$8,445$5,063$2,950$1,684$687
42 years$13,113$8,042$4,749$2,723$1,528$607
43 years$12,665$7,663$4,456$2,513$1,386$536
44 years$12,238$7,304$4,183$2,321$1,258$474
45 years$11,831$6,965$3,928$2,143$1,142$419
46 years$11,443$6,644$3,689$1,980$1,037$370
47 years$11,073$6,341$3,466$1,829$942$327
48 years$10,719$6,053$3,257$1,690$855$289
49 years$10,380$5,780$3,061$1,562$777$256
50 years$10,056$5,522$2,878$1,444$706$226

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 $4,780 every year, while hoping to spend $53,454 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: 77/18/5 Blend
39$10,300,000$10,300,000$10,300,000$10,300,000
40$11,355,531$10,809,631$10,649,981$12,226,595
41$12,456,920$11,282,428$10,949,880$13,271,442
42$13,668,860$11,776,601$11,258,035$14,409,214
43$15,002,569$12,293,140$11,574,665$15,654,979
44$16,470,411$12,833,083$11,899,996$17,019,435
45$18,086,006$13,397,518$12,234,259$18,514,357
46$19,864,364$13,987,581$12,577,692$20,152,708
47$21,822,022$14,604,466$12,930,538$21,948,759
48$23,977,204$15,249,420$13,293,046$23,918,222
49$26,349,988$15,923,751$13,665,472$26,078,394
50$28,962,500$16,628,828$14,048,079$28,448,323
51$31,839,119$17,366,085$14,441,134$31,048,981
52$35,006,711$18,137,025$14,844,914$33,903,462
53$38,494,878$18,943,221$15,259,701$37,037,195
54$42,336,238$19,786,322$15,685,783$40,478,186
55$46,566,735$20,668,053$16,123,458$44,257,276
56$51,225,978$21,590,223$16,573,030$48,408,432
57$56,357,611$22,554,727$17,034,809$52,969,062
58$62,009,727$23,563,549$17,509,115$57,980,366
59$68,235,325$24,618,767$17,996,276$63,487,725
60$75,092,802$25,722,561$18,496,625$69,541,121
61$82,646,512$26,877,211$19,010,506$76,195,610
62$90,967,369$28,085,107$19,538,271$83,511,834
63$100,133,518$29,348,754$20,080,280$91,556,594
64$110,231,069$30,670,776$20,636,902$100,403,473
65$121,354,914$32,053,920$21,208,515$110,133,530
66$133,609,620$33,501,067$21,795,505$120,836,057
67$147,110,417$35,015,234$22,398,269$132,609,422
68$161,984,281$36,599,583$23,017,213$145,561,989
69$178,371,141$38,257,426$23,652,753$159,813,139
70$196,425,191$39,992,233$24,305,314$175,494,390
71$216,316,351$41,807,643$24,975,332$192,750,635
72$238,231,866$43,707,465$25,663,253$211,741,504
73$262,378,078$45,695,692$26,369,534$232,642,862
74$288,982,370$47,776,509$27,094,641$255,648,468
75$318,295,314$49,954,301$27,839,055$280,971,796
76$350,593,037$52,233,662$28,603,263$308,848,042
77$386,179,822$54,619,407$29,387,768$339,536,341
78$425,390,988$57,116,581$30,193,082$373,322,202
79$468,596,048$59,730,474$31,019,730$410,520,199
80$516,202,203$62,466,625$31,868,249$451,476,931
81$568,658,180$65,330,842$32,739,188$496,574,288
82$626,458,473$68,329,212$33,633,109$546,233,045
83$690,148,006$71,468,112$34,550,587$600,916,828
84$760,327,281$74,754,227$35,492,210$661,136,480
85$837,658,043$78,194,564$36,458,578$727,454,871
86$922,869,530$81,796,465$37,450,308$800,492,210
87$1,016,765,356$85,567,625$38,468,027$880,931,879
88$1,120,231,095$89,516,111$39,512,378$969,526,881
89$1,234,242,643$93,650,377$40,584,019$1,067,106,934
90$1,359,875,429$97,979,283$41,683,621$1,174,586,292
91$1,498,314,572$102,512,116$42,811,870$1,292,972,363
92$1,650,866,060$107,258,611$43,969,470$1,423,375,207
93$1,818,969,087$112,228,972$45,157,136$1,567,018,001
94$2,004,209,635$117,433,893$46,375,601$1,725,248,573
95$2,208,335,449$122,884,585$47,625,615$1,899,552,111
96$2,433,272,533$128,592,798$48,907,942$2,091,565,165
97$2,681,143,337$134,570,851$50,223,363$2,303,091,085
98$2,954,286,788$140,831,653$51,572,676$2,536,117,026
99$3,255,280,376$147,388,740$52,956,697$2,792,832,688
100$3,586,964,485$154,256,299$54,376,257$3,075,650,974