Can I retire at age 40 with 10,700,000?

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$883,596$875,725$868,047$860,552$853,233$841,177
2 years$437,424$429,277$421,382$413,727$406,301$394,179
3 years$288,719$280,537$272,662$265,079$257,774$245,961
4 years$214,381$206,225$198,428$190,974$183,847$172,435
5 years$169,790$161,683$153,988$146,687$139,757$128,780
6 years$140,073$132,026$124,445$117,306$110,585$100,054
7 years$118,854$110,875$103,415$96,444$89,935$79,855
8 years$102,948$95,041$87,704$80,905$74,610$64,979
9 years$90,582$82,750$75,539$68,913$62,833$53,647
10 years$80,696$72,940$65,857$59,403$53,536$44,789
11 years$72,612$64,934$57,979$51,699$46,043$37,725
12 years$65,881$58,281$51,455$45,347$39,900$32,001
13 years$60,189$52,669$45,972$40,034$34,794$27,304
14 years$55,315$47,875$41,306$35,538$30,500$23,408
15 years$51,094$43,735$37,294$31,694$26,854$20,147
16 years$47,405$40,126$33,812$28,378$23,734$17,399
17 years$44,153$36,954$30,768$25,498$21,044$15,068
18 years$41,266$34,147$28,087$22,979$18,712$13,081
19 years$38,685$31,648$25,712$20,763$16,678$11,379
20 years$36,366$29,408$23,597$18,805$14,897$9,916
21 years$34,270$27,393$21,705$17,067$13,331$8,655
22 years$32,367$25,570$20,005$15,518$11,950$7,563
23 years$30,633$23,915$18,471$14,132$10,727$6,617
24 years$29,045$22,407$17,082$12,889$9,641$5,795
25 years$27,586$21,028$15,822$11,771$8,676$5,079
26 years$26,242$19,763$14,674$10,763$7,815$4,455
27 years$25,000$18,599$13,626$9,852$7,046$3,911
28 years$23,848$17,526$12,667$9,026$6,357$3,434
29 years$22,778$16,534$11,788$8,277$5,741$3,018
30 years$21,781$15,614$10,980$7,596$5,187$2,653
31 years$20,850$14,761$10,236$6,977$4,690$2,333
32 years$19,979$13,967$9,551$6,412$4,242$2,052
33 years$19,162$13,227$8,917$5,896$3,839$1,806
34 years$18,395$12,536$8,332$5,425$3,476$1,589
35 years$17,674$11,890$7,790$4,994$3,148$1,399
36 years$16,994$11,285$7,287$4,599$2,852$1,232
37 years$16,353$10,718$6,821$4,238$2,585$1,085
38 years$15,746$10,186$6,387$3,906$2,344$956
39 years$15,172$9,686$5,984$3,602$2,125$842
40 years$14,629$9,216$5,609$3,322$1,928$742
41 years$14,113$8,772$5,259$3,065$1,749$654
42 years$13,623$8,355$4,933$2,828$1,587$576
43 years$13,157$7,960$4,629$2,611$1,440$508
44 years$12,713$7,588$4,345$2,411$1,307$447
45 years$12,290$7,236$4,080$2,226$1,187$394
46 years$11,887$6,903$3,832$2,057$1,078$348
47 years$11,503$6,587$3,600$1,900$979$306
48 years$11,135$6,288$3,383$1,756$889$270
49 years$10,783$6,005$3,180$1,623$807$238
50 years$10,447$5,736$2,990$1,500$733$210

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $10,700,000, adding $3,961 every year, while hoping to spend $24,184 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: 41/32/27 Blend
39$10,700,000$10,700,000$10,700,000$10,700,000
40$11,795,486$11,228,386$11,062,536$12,185,254
41$12,972,894$11,752,845$11,407,399$12,991,498
42$14,269,587$12,302,192$11,763,005$13,861,059
43$15,697,706$12,877,622$12,129,687$14,801,848
44$17,270,632$13,480,384$12,507,791$15,820,428
45$19,003,106$14,111,793$12,897,672$16,923,999
46$20,911,375$14,773,223$13,299,696$18,120,466
47$23,013,341$15,466,117$13,714,242$19,418,507
48$25,328,731$16,191,986$14,141,698$20,827,651
49$27,879,284$16,952,415$14,582,467$22,358,364
50$30,688,955$17,749,067$15,036,964$24,022,143
51$33,784,140$18,583,684$15,505,614$25,831,620
52$37,193,929$19,458,091$15,988,859$27,800,672
53$40,950,376$20,374,204$16,487,152$29,944,553
54$45,088,805$21,334,030$17,000,962$32,280,027
55$49,648,141$22,339,675$17,530,772$34,825,523
56$54,671,278$23,393,346$18,077,079$37,601,300
57$60,205,483$24,497,355$18,640,397$40,629,636
58$66,302,847$25,654,130$19,221,255$43,935,027
59$73,020,769$26,866,214$19,820,198$47,544,414
60$80,422,501$28,136,273$20,437,789$51,487,428
61$88,577,750$29,467,103$21,074,608$55,796,664
62$97,563,327$30,861,638$21,731,254$60,507,979
63$107,463,878$32,322,949$22,408,342$65,660,820
64$118,372,681$33,854,262$23,106,510$71,298,594
65$130,392,528$35,458,954$23,826,411$77,469,059
66$143,636,694$37,140,571$24,568,724$84,224,775
67$158,230,004$38,902,826$25,334,144$91,623,583
68$174,310,017$40,749,617$26,123,390$99,729,141
69$192,028,318$42,685,028$26,937,203$108,611,517
70$211,551,955$44,713,342$27,776,347$118,347,839
71$233,065,010$46,839,052$28,641,610$129,023,005
72$256,770,341$49,066,866$29,533,805$140,730,480
73$282,891,496$51,401,722$30,453,767$153,573,157
74$311,674,822$53,848,800$31,402,362$167,664,321
75$343,391,792$56,413,530$32,380,480$183,128,699
76$378,341,567$59,101,604$33,389,037$200,103,627
77$416,853,818$61,918,994$34,428,981$218,740,325
78$459,291,843$64,871,961$35,501,288$239,205,312
79$506,055,994$67,967,069$36,606,964$261,681,960
80$557,587,454$71,211,204$37,747,046$286,372,204
81$614,372,405$74,611,585$38,922,603$313,498,435
82$676,946,620$78,175,782$40,134,740$343,305,573
83$745,900,513$81,911,733$41,384,592$376,063,363
84$821,884,722$85,827,765$42,673,332$412,068,897
85$905,616,244$89,932,606$44,002,169$451,649,396
86$997,885,209$94,235,412$45,372,350$495,165,279
87$1,099,562,336$98,745,782$46,785,159$543,013,535
88$1,211,607,154$103,473,785$48,241,921$595,631,447
89$1,335,077,062$108,429,978$49,744,004$653,500,696
90$1,471,137,308$113,625,433$51,292,814$717,151,874
91$1,621,071,995$119,071,761$52,889,804$787,169,466
92$1,786,296,198$124,781,137$54,536,472$864,197,337
93$1,968,369,327$130,766,330$56,234,362$948,944,778
94$2,169,009,850$137,040,732$57,985,064$1,042,193,166
95$2,390,111,513$143,618,385$59,790,222$1,144,803,305
96$2,633,761,218$150,514,017$61,651,525$1,257,723,516
97$2,902,258,731$157,743,072$63,570,720$1,381,998,550
98$3,198,138,387$165,321,748$65,549,604$1,518,779,410
99$3,524,193,020$173,267,031$67,590,033$1,669,334,175
100$3,883,500,327$181,596,736$69,693,919$1,835,059,922