Can I retire at age 40 with 10,400,000?

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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$858,822$851,172$843,709$836,424$829,311$802,122
2 years$425,160$417,241$409,567$402,127$394,910$367,777
3 years$280,624$272,672$265,017$257,647$250,547$224,322
4 years$208,371$200,443$192,865$185,620$178,692$153,576
5 years$165,030$157,149$149,671$142,574$135,839$111,898
6 years$136,145$128,324$120,956$114,017$107,485$84,739
7 years$115,522$107,767$100,515$93,740$87,414$65,860
8 years$100,061$92,376$85,245$78,636$72,518$52,142
9 years$88,043$80,430$73,421$66,981$61,071$41,847
10 years$78,433$70,895$64,010$57,738$52,035$33,935
11 years$70,576$63,114$56,354$50,249$44,752$27,740
12 years$64,033$56,647$50,013$44,075$38,781$22,820
13 years$58,502$51,193$44,683$38,912$33,818$18,868
14 years$53,764$46,533$40,148$34,542$29,645$15,665
15 years$49,662$42,508$36,248$30,805$26,102$13,048
16 years$46,076$39,001$32,864$27,583$23,069$10,898
17 years$42,915$35,918$29,905$24,783$20,454$9,123
18 years$40,109$33,190$27,299$22,334$18,187$7,651
19 years$37,601$30,760$24,991$20,181$16,210$6,427
20 years$35,346$28,584$22,936$18,278$14,479$5,405
21 years$33,309$26,625$21,097$16,588$12,957$4,551
22 years$31,460$24,853$19,444$15,082$11,615$3,835
23 years$29,774$23,245$17,953$13,736$10,426$3,234
24 years$28,230$21,779$16,603$12,528$9,371$2,729
25 years$26,813$20,438$15,378$11,441$8,432$2,304
26 years$25,506$19,209$14,262$10,461$7,596$1,946
27 years$24,299$18,078$13,244$9,575$6,848$1,645
28 years$23,179$17,034$12,312$8,773$6,179$1,390
29 years$22,139$16,070$11,457$8,045$5,580$1,175
30 years$21,170$15,176$10,672$7,383$5,042$994
31 years$20,265$14,347$9,949$6,781$4,558$841
32 years$19,418$13,575$9,283$6,232$4,123$711
33 years$18,625$12,856$8,667$5,731$3,731$602
34 years$17,880$12,184$8,098$5,273$3,378$509
35 years$17,178$11,557$7,571$4,854$3,060$431
36 years$16,518$10,969$7,083$4,470$2,772$365
37 years$15,894$10,418$6,629$4,119$2,513$309
38 years$15,305$9,901$6,208$3,796$2,278$261
39 years$14,747$9,415$5,816$3,501$2,066$221
40 years$14,218$8,957$5,452$3,229$1,874$187
41 years$13,717$8,527$5,112$2,979$1,700$159
42 years$13,241$8,120$4,795$2,749$1,543$134
43 years$12,788$7,737$4,500$2,538$1,400$114
44 years$12,357$7,375$4,224$2,343$1,271$96
45 years$11,946$7,033$3,966$2,164$1,154$81
46 years$11,554$6,709$3,725$1,999$1,047$69
47 years$11,180$6,402$3,499$1,847$951$58
48 years$10,823$6,112$3,288$1,707$864$49
49 years$10,481$5,837$3,091$1,577$784$42
50 years$10,154$5,575$2,906$1,458$713$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $10,400,000, adding $4,460 every year, while hoping to spend $22,955 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: 82/10/8 Blend
39$10,400,000$10,400,000$10,400,000$10,400,000
40$11,465,400$10,914,200$10,753,000$12,394,133
41$12,610,447$11,424,572$11,088,802$13,512,792
42$13,871,520$11,959,183$11,435,084$14,737,129
43$15,260,428$12,519,196$11,792,172$16,080,544
44$16,790,186$13,105,831$12,160,404$17,554,953
45$18,475,135$13,720,367$12,540,128$19,173,478
46$20,331,078$14,364,144$12,931,702$20,950,569
47$22,375,429$15,038,568$13,335,494$22,902,141
48$24,627,377$15,745,112$13,751,887$25,045,719
49$27,108,067$16,485,321$14,181,274$27,400,607
50$29,840,802$17,260,814$14,624,059$29,988,064
51$32,851,259$18,073,289$15,080,660$32,831,507
52$36,167,734$18,924,526$15,551,508$35,956,726
53$39,821,406$19,816,392$16,037,047$39,392,131
54$43,846,637$20,750,842$16,537,736$43,169,013
55$48,281,291$21,729,930$17,054,046$47,321,843
56$53,167,091$22,755,805$17,586,465$51,888,591
57$58,550,018$23,830,723$18,135,495$56,911,083
58$64,480,739$24,957,048$18,701,654$62,435,397
59$71,015,091$26,137,260$19,285,476$68,512,292
60$78,214,602$27,373,957$19,887,511$75,197,687
61$86,147,076$28,669,866$20,508,328$82,553,184
62$94,887,232$30,027,844$21,148,511$90,646,652
63$104,517,409$31,450,887$21,808,665$99,552,858
64$115,128,341$32,942,137$22,489,412$109,354,175
65$126,820,018$34,504,888$23,191,393$120,141,358
66$139,702,627$36,142,594$23,915,272$132,014,392
67$153,897,591$37,858,878$24,661,730$145,083,438
68$169,538,719$39,657,536$25,431,471$159,469,865
69$186,773,464$41,542,551$26,225,221$175,307,398
70$205,764,320$43,518,099$27,043,729$192,743,371
71$226,690,352$45,588,557$27,887,765$211,940,119
72$249,748,888$47,758,516$28,758,125$233,076,502
73$275,157,383$50,032,792$29,655,631$256,349,596
74$303,155,469$52,416,431$30,581,127$281,976,539
75$334,007,218$54,914,728$31,535,486$310,196,587
76$368,003,637$57,533,233$32,519,609$341,273,361
77$405,465,414$60,277,767$33,534,421$375,497,335
78$446,745,942$63,154,433$34,580,879$413,188,569
79$492,234,659$66,169,632$35,659,971$454,699,728
80$542,360,726$69,330,075$36,772,711$500,419,407
81$597,597,073$72,642,802$37,920,150$550,775,790
82$658,464,867$76,115,192$39,103,368$606,240,689
83$725,538,433$79,754,985$40,323,479$667,333,989
84$799,450,672$83,570,298$41,581,635$734,628,553
85$880,899,039$87,569,642$42,879,018$808,755,621
86$970,652,129$91,761,942$44,216,853$890,410,762
87$1,069,556,927$96,156,559$45,596,399$980,360,434
88$1,178,546,811$100,763,307$47,018,956$1,079,449,210
89$1,298,650,358$105,592,481$48,485,863$1,188,607,745
90$1,431,001,058$110,654,876$49,998,502$1,308,861,552
91$1,576,848,012$115,961,811$51,558,299$1,441,340,676
92$1,737,567,728$121,525,159$53,166,721$1,587,290,351
93$1,914,677,114$127,357,370$54,825,283$1,748,082,746
94$2,109,847,798$133,471,499$56,535,548$1,925,229,912
95$2,324,921,910$139,881,239$58,299,126$2,120,398,040
96$2,561,929,475$146,600,950$60,117,678$2,335,423,187
97$2,823,107,577$153,645,692$61,992,915$2,572,328,591
98$3,110,921,475$161,031,256$63,926,603$2,833,343,763
99$3,428,087,884$168,774,207$65,920,563$3,120,925,525
100$3,777,600,618$176,891,913$67,976,671$3,437,781,182