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

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$867,080$859,357$851,821$844,466$837,285$812,109
2 years$429,248$421,253$413,506$405,993$398,707$373,555
3 years$283,323$275,294$267,565$260,124$252,956$228,617
4 years$210,374$202,370$194,719$187,405$180,410$157,070
5 years$166,617$158,661$151,110$143,945$137,145$114,867
6 years$137,455$129,558$122,119$115,114$108,518$87,322
7 years$116,633$108,803$101,482$94,641$88,254$68,139
8 years$101,023$93,264$86,065$79,392$73,216$54,169
9 years$88,889$81,203$74,127$67,625$61,658$43,660
10 years$79,187$71,577$64,626$58,293$52,536$35,560
11 years$71,255$63,720$56,896$50,732$45,183$29,201
12 years$64,649$57,192$50,493$44,499$39,154$24,134
13 years$59,064$51,685$45,113$39,286$34,143$20,049
14 years$54,281$46,980$40,534$34,874$29,930$16,726
15 years$50,139$42,917$36,597$31,101$26,353$14,001
16 years$46,519$39,376$33,180$27,848$23,290$11,754
17 years$43,328$36,264$30,193$25,021$20,651$9,890
18 years$40,494$33,509$27,562$22,549$18,362$8,337
19 years$37,962$31,056$25,232$20,375$16,366$7,040
20 years$35,686$28,859$23,156$18,453$14,619$5,953
21 years$33,630$26,881$21,299$16,748$13,082$5,039
22 years$31,762$25,092$19,631$15,227$11,726$4,270
23 years$30,060$23,468$18,125$13,868$10,526$3,621
24 years$28,502$21,988$16,763$12,648$9,461$3,072
25 years$27,071$20,635$15,526$11,551$8,514$2,609
26 years$25,752$19,393$14,399$10,562$7,669$2,216
27 years$24,532$18,251$13,371$9,668$6,914$1,883
28 years$23,402$17,198$12,430$8,858$6,239$1,601
29 years$22,352$16,225$11,567$8,123$5,633$1,361
30 years$21,373$15,322$10,775$7,454$5,090$1,158
31 years$20,460$14,485$10,045$6,846$4,602$985
32 years$19,605$13,706$9,372$6,292$4,163$838
33 years$18,804$12,979$8,751$5,786$3,767$713
34 years$18,051$12,301$8,176$5,324$3,411$607
35 years$17,344$11,668$7,644$4,901$3,089$517
36 years$16,676$11,074$7,151$4,513$2,799$440
37 years$16,047$10,518$6,693$4,158$2,537$375
38 years$15,452$9,996$6,268$3,833$2,300$319
39 years$14,889$9,505$5,872$3,534$2,086$272
40 years$14,355$9,043$5,504$3,260$1,892$231
41 years$13,849$8,608$5,161$3,008$1,716$197
42 years$13,368$8,198$4,841$2,776$1,557$168
43 years$12,911$7,811$4,543$2,562$1,413$143
44 years$12,475$7,446$4,264$2,366$1,283$122
45 years$12,061$7,100$4,004$2,185$1,165$104
46 years$11,665$6,773$3,761$2,018$1,057$88
47 years$11,288$6,464$3,533$1,865$960$75
48 years$10,927$6,171$3,320$1,723$872$64
49 years$10,582$5,893$3,121$1,592$792$55
50 years$10,252$5,629$2,934$1,472$719$46

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 $5,205 every year, while hoping to spend $23,466 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: 63/26/11 Blend
39$10,500,000$10,500,000$10,500,000$10,500,000
40$11,576,369$11,019,869$10,857,119$12,276,427
41$12,732,191$11,534,875$11,195,865$13,260,289
42$14,005,120$12,074,330$11,545,172$14,330,938
43$15,407,077$12,639,406$11,905,370$15,499,395
44$16,951,197$13,231,335$12,276,798$16,775,151
45$18,651,954$13,851,405$12,659,805$18,168,648
46$20,525,297$14,500,968$13,054,753$19,691,369
47$22,588,803$15,181,442$13,462,013$21,355,944
48$24,861,840$15,894,311$13,881,969$23,176,270
49$27,365,749$16,641,133$14,315,016$25,167,632
50$30,124,049$17,423,542$14,761,563$27,346,850
51$33,162,655$18,243,250$15,222,029$29,732,432
52$36,510,127$19,102,050$15,696,848$32,344,744
53$40,197,935$20,001,826$16,186,467$35,206,198
54$44,260,759$20,944,549$16,691,348$38,341,461
55$48,736,813$21,932,289$17,211,965$41,777,684
56$53,668,211$22,967,214$17,748,809$45,544,751
57$59,101,359$24,051,598$18,302,384$49,675,557
58$65,087,396$25,187,825$18,873,213$54,206,317
59$71,682,676$26,378,394$19,461,831$59,176,897
60$78,949,301$27,625,927$20,068,794$64,631,190
61$86,955,704$28,933,171$20,694,673$70,617,520
62$95,777,297$30,303,008$21,340,056$77,189,097
63$105,497,184$31,738,459$22,005,551$84,404,509
64$116,206,944$33,242,690$22,691,784$92,328,271
65$128,007,494$34,819,024$23,399,401$101,031,425
66$141,010,045$36,470,942$24,129,067$110,592,206
67$155,337,148$38,202,097$24,881,469$121,096,770
68$171,123,855$40,016,317$25,657,316$132,640,004
69$188,518,988$41,917,617$26,457,336$145,326,406
70$207,686,551$43,910,206$27,282,282$159,271,072
71$228,807,271$45,998,499$28,132,931$174,600,767
72$252,080,311$48,187,124$29,010,083$191,455,113
73$277,725,145$50,480,934$29,914,562$209,987,901
74$305,983,629$52,885,019$30,847,220$230,368,527
75$337,122,290$55,404,716$31,808,933$252,783,585
76$371,434,837$58,045,621$32,800,605$277,438,614
77$409,244,935$60,813,601$33,823,170$304,560,030
78$450,909,261$63,714,810$34,877,589$334,397,246
79$496,820,871$66,755,701$35,964,853$367,225,018
80$547,412,909$69,943,039$37,085,985$403,346,023
81$603,162,699$73,283,921$38,242,039$443,093,703
82$664,596,247$76,785,787$39,434,101$486,835,397
83$732,293,213$80,456,439$40,663,292$534,975,793
84$806,892,377$84,304,060$41,930,767$587,960,734
85$889,097,670$88,337,230$43,237,719$646,281,410
86$979,684,825$92,564,947$44,585,375$710,478,972
87$1,079,508,694$96,996,646$45,975,002$781,149,629
88$1,189,511,322$101,642,224$47,407,906$858,950,253
89$1,310,730,840$106,512,055$48,885,434$944,604,558
90$1,444,311,263$111,617,024$50,408,974$1,038,909,917
91$1,591,513,295$116,968,541$51,979,958$1,142,744,860
92$1,753,726,226$122,578,575$53,599,861$1,257,077,348
93$1,932,481,051$128,459,675$55,270,206$1,382,973,886
94$2,129,464,923$134,625,004$56,992,563$1,521,609,565
95$2,346,537,081$141,088,364$58,768,549$1,674,279,129
96$2,585,746,400$147,864,231$60,599,832$1,842,409,169
97$2,849,350,740$154,967,785$62,488,134$2,027,571,562
98$3,139,838,256$162,414,947$64,435,227$2,231,498,280
99$3,459,950,891$170,222,413$66,442,941$2,456,097,705
100$3,812,710,264$178,407,692$68,513,160$2,703,472,616