Can I retire at age 40 with 10,500,000?

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$867,080$859,357$851,821$844,466$837,285$821,051
2 years$429,248$421,253$413,506$405,993$398,707$382,418
3 years$283,323$275,294$267,565$260,124$252,956$237,119
4 years$210,374$202,370$194,719$187,405$180,410$165,148
5 years$166,617$158,661$151,110$143,945$137,145$122,500
6 years$137,455$129,558$122,119$115,114$108,518$94,507
7 years$116,633$108,803$101,482$94,641$88,254$74,881
8 years$101,023$93,264$86,065$79,392$73,216$60,475
9 years$88,889$81,203$74,127$67,625$61,658$49,543
10 years$79,187$71,577$64,626$58,293$52,536$41,035
11 years$71,255$63,720$56,896$50,732$45,183$34,282
12 years$64,649$57,192$50,493$44,499$39,154$28,839
13 years$59,064$51,685$45,113$39,286$34,143$24,396
14 years$54,281$46,980$40,534$34,874$29,930$20,732
15 years$50,139$42,917$36,597$31,101$26,353$17,686
16 years$46,519$39,376$33,180$27,848$23,290$15,135
17 years$43,328$36,264$30,193$25,021$20,651$12,986
18 years$40,494$33,509$27,562$22,549$18,362$11,168
19 years$37,962$31,056$25,232$20,375$16,366$9,623
20 years$35,686$28,859$23,156$18,453$14,619$8,305
21 years$33,630$26,881$21,299$16,748$13,082$7,177
22 years$31,762$25,092$19,631$15,227$11,726$6,210
23 years$30,060$23,468$18,125$13,868$10,526$5,379
24 years$28,502$21,988$16,763$12,648$9,461$4,663
25 years$27,071$20,635$15,526$11,551$8,514$4,045
26 years$25,752$19,393$14,399$10,562$7,669$3,512
27 years$24,532$18,251$13,371$9,668$6,914$3,050
28 years$23,402$17,198$12,430$8,858$6,239$2,651
29 years$22,352$16,225$11,567$8,123$5,633$2,304
30 years$21,373$15,322$10,775$7,454$5,090$2,004
31 years$20,460$14,485$10,045$6,846$4,602$1,744
32 years$19,605$13,706$9,372$6,292$4,163$1,517
33 years$18,804$12,979$8,751$5,786$3,767$1,321
34 years$18,051$12,301$8,176$5,324$3,411$1,150
35 years$17,344$11,668$7,644$4,901$3,089$1,001
36 years$16,676$11,074$7,151$4,513$2,799$872
37 years$16,047$10,518$6,693$4,158$2,537$760
38 years$15,452$9,996$6,268$3,833$2,300$662
39 years$14,889$9,505$5,872$3,534$2,086$576
40 years$14,355$9,043$5,504$3,260$1,892$502
41 years$13,849$8,608$5,161$3,008$1,716$438
42 years$13,368$8,198$4,841$2,776$1,557$381
43 years$12,911$7,811$4,543$2,562$1,413$332
44 years$12,475$7,446$4,264$2,366$1,283$290
45 years$12,061$7,100$4,004$2,185$1,165$252
46 years$11,665$6,773$3,761$2,018$1,057$220
47 years$11,288$6,464$3,533$1,865$960$192
48 years$10,927$6,171$3,320$1,723$872$167
49 years$10,582$5,893$3,121$1,592$792$146
50 years$10,252$5,629$2,934$1,472$719$127

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $10,500,000, adding $4,182 every year, while hoping to spend $37,227 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: 35/37/28 Blend
39$10,500,000$10,500,000$10,500,000$10,500,000
40$11,575,314$11,018,814$10,856,064$11,882,586
41$12,716,386$11,519,126$11,180,133$12,613,439
42$13,972,601$12,042,707$11,513,810$13,397,817
43$15,355,662$12,590,655$11,857,379$14,243,442
44$16,878,468$13,164,126$12,211,130$15,155,822
45$18,555,231$13,764,327$12,575,362$16,140,994
46$20,401,612$14,392,526$12,950,383$17,205,578
47$22,434,866$15,050,050$13,336,511$18,356,839
48$24,674,009$15,738,289$13,734,070$19,602,743
49$27,139,995$16,458,702$14,143,398$20,952,037
50$29,855,912$17,212,816$14,564,840$22,414,318
51$32,847,203$18,002,232$14,998,750$24,000,125
52$36,141,904$18,828,628$15,445,495$25,721,027
53$39,770,910$19,693,763$15,905,451$27,589,732
54$43,768,265$20,599,479$16,379,005$29,620,199
55$48,171,482$21,547,707$16,866,556$31,827,761
56$53,021,902$22,540,473$17,368,514$34,229,269
57$58,365,077$23,579,898$17,885,301$36,843,237
58$64,251,207$24,668,205$18,417,351$39,690,016
59$70,735,608$25,807,725$18,965,110$42,791,976
60$77,879,238$27,000,902$19,529,039$46,173,709
61$85,749,269$28,250,294$20,109,610$49,862,254
62$94,419,723$29,558,587$20,707,311$53,887,345
63$103,972,170$30,928,594$21,322,641$58,281,680
64$114,496,499$32,363,262$21,956,117$63,081,223
65$126,091,762$33,865,682$22,608,267$68,325,531
66$138,867,116$35,439,095$23,279,639$74,058,121
67$152,942,847$37,086,896$23,970,792$80,326,868
68$168,451,508$38,812,644$24,682,304$87,184,448
69$185,539,170$40,620,072$25,414,769$94,688,819
70$204,366,800$42,513,090$26,168,798$102,903,762
71$225,111,781$44,495,799$26,945,021$111,899,467
72$247,969,587$46,572,497$27,744,083$121,753,184
73$273,155,626$48,747,690$28,566,651$132,549,938
74$300,907,274$51,026,102$29,413,408$144,383,316
75$331,486,119$53,412,683$30,285,060$157,356,338
76$365,180,424$55,912,626$31,182,331$171,582,413
77$402,307,855$58,531,372$32,105,966$187,186,392
78$443,218,472$61,274,625$33,056,732$204,305,729
79$488,298,042$64,148,367$34,035,418$223,091,766
80$537,971,673$67,158,868$35,042,835$243,711,134
81$592,707,832$70,312,702$36,079,819$266,347,315
82$653,022,766$73,616,759$37,147,228$291,202,348
83$719,485,373$77,078,265$38,245,945$318,498,718
84$792,722,576$80,704,795$39,376,879$348,481,432
85$873,425,240$84,504,290$40,540,965$381,420,310
86$962,354,691$88,485,077$41,739,164$417,612,505
87$1,060,349,908$92,655,885$42,972,465$457,385,287
88$1,168,335,441$97,025,866$44,241,885$501,099,102
89$1,287,330,139$101,604,616$45,548,471$549,150,946
90$1,418,456,768$106,402,197$46,893,299$601,978,087
91$1,562,952,609$111,429,155$48,277,476$660,062,160
92$1,722,181,143$116,696,553$49,702,139$723,933,681
93$1,897,644,921$122,215,984$51,168,462$794,177,025
94$2,090,999,744$127,999,609$52,677,647$871,435,902
95$2,304,070,303$134,060,175$54,230,933$956,419,403
96$2,538,867,400$140,411,050$55,829,595$1,049,908,650
97$2,797,606,931$147,066,247$57,474,943$1,152,764,134
98$3,082,730,809$154,040,464$59,168,325$1,265,933,795
99$3,396,930,014$161,349,109$60,911,125$1,390,461,926
100$3,743,169,998$169,008,338$62,704,771$1,527,498,986