Can I retire at age 40 with 10,800,000?

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$891,854$883,910$876,159$868,594$861,207$842,442
2 years$441,512$433,289$425,320$417,593$410,099$391,287
3 years$291,417$283,159$275,210$267,556$260,183$241,914
4 years$216,385$208,152$200,283$192,759$185,565$167,977
5 years$171,377$163,194$155,427$148,057$141,064$124,207
6 years$141,382$133,260$125,608$118,403$111,619$95,512
7 years$119,965$111,911$104,381$97,345$90,776$75,422
8 years$103,910$95,929$88,524$81,661$75,307$60,700
9 years$91,429$83,523$76,245$69,557$63,420$49,549
10 years$81,450$73,622$66,472$59,959$54,037$40,888
11 years$73,291$65,541$58,521$52,182$46,473$34,030
12 years$66,496$58,826$51,936$45,771$40,273$28,515
13 years$60,752$53,162$46,401$40,409$35,119$24,026
14 years$55,832$48,322$41,692$35,870$30,785$20,335
15 years$51,572$44,143$37,642$31,990$27,105$17,275
16 years$47,848$40,501$34,128$28,644$23,956$14,721
17 years$44,566$37,300$31,055$25,736$21,241$12,577
18 years$41,651$34,467$28,349$23,193$18,886$10,768
19 years$39,047$31,943$25,953$20,957$16,834$9,237
20 years$36,706$29,683$23,818$18,981$15,036$7,936
21 years$34,590$27,649$21,908$17,226$13,456$6,827
22 years$32,670$25,809$20,192$15,663$12,061$5,880
23 years$30,919$24,139$18,643$14,264$10,827$5,069
24 years$29,316$22,616$17,242$13,010$9,731$4,373
25 years$27,844$21,224$15,970$11,881$8,757$3,776
26 years$26,487$19,948$14,811$10,864$7,888$3,262
27 years$25,233$18,773$13,753$9,944$7,112$2,820
28 years$24,071$17,690$12,785$9,111$6,417$2,439
29 years$22,991$16,688$11,898$8,355$5,794$2,110
30 years$21,984$15,760$11,082$7,667$5,235$1,826
31 years$21,044$14,899$10,332$7,042$4,733$1,581
32 years$20,165$14,097$9,640$6,472$4,282$1,369
33 years$19,341$13,350$9,001$5,951$3,875$1,185
34 years$18,567$12,653$8,410$5,476$3,508$1,027
35 years$17,839$12,001$7,863$5,041$3,178$890
36 years$17,153$11,391$7,355$4,642$2,879$771
37 years$16,505$10,819$6,884$4,277$2,609$668
38 years$15,893$10,282$6,447$3,942$2,366$579
39 years$15,314$9,777$6,040$3,635$2,145$502
40 years$14,765$9,302$5,661$3,353$1,946$435
41 years$14,245$8,854$5,309$3,093$1,765$377
42 years$13,750$8,433$4,980$2,855$1,602$327
43 years$13,280$8,035$4,673$2,635$1,454$283
44 years$12,832$7,659$4,386$2,433$1,320$246
45 years$12,405$7,303$4,118$2,247$1,198$213
46 years$11,998$6,967$3,868$2,076$1,088$185
47 years$11,610$6,649$3,634$1,918$988$160
48 years$11,239$6,347$3,415$1,772$897$139
49 years$10,884$6,061$3,210$1,638$815$121
50 years$10,545$5,790$3,018$1,514$740$105

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $10,800,000, adding $6,383 every year, while hoping to spend $33,709 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: 52/38/10 Blend
39$10,800,000$10,800,000$10,800,000$10,800,000
40$11,908,184$11,335,784$11,168,384$12,496,295
41$13,086,953$11,855,371$11,506,659$13,417,039
42$14,384,826$12,399,289$11,855,136$14,413,689
43$15,813,917$12,968,693$12,214,122$15,496,779
44$17,387,573$13,564,795$12,583,932$16,674,476
45$19,120,502$14,188,867$12,964,890$17,955,746
46$21,028,911$14,842,239$13,357,331$19,350,442
47$23,130,659$15,526,307$13,761,600$20,869,391
48$25,445,423$16,242,534$14,178,052$22,524,488
49$27,994,890$16,992,452$14,607,050$24,328,810
50$30,802,955$17,777,668$15,048,972$26,296,727
51$33,895,949$18,599,866$15,504,205$28,444,041
52$37,302,888$19,460,811$15,973,148$30,788,124
53$41,055,745$20,362,353$16,456,211$33,348,078
54$45,189,754$21,306,432$16,953,818$36,144,910
55$49,743,742$22,295,080$17,466,403$39,201,724
56$54,760,492$23,330,428$17,994,416$42,543,934
57$60,287,152$24,414,708$18,538,319$46,199,495
58$66,375,675$25,550,263$19,098,586$50,199,160
59$73,083,314$26,739,545$19,675,709$54,576,766
60$80,473,157$27,985,128$20,270,190$59,369,544
61$88,614,728$29,289,708$20,882,550$64,618,461
62$97,584,638$30,656,112$21,513,324$70,368,603
63$107,467,312$32,087,303$22,163,061$76,669,584
64$118,355,784$33,586,386$22,832,330$83,576,015
65$130,352,574$35,156,619$23,521,713$91,148,003
66$143,570,658$36,801,416$24,231,812$99,451,710
67$158,134,534$38,524,354$24,963,247$108,559,969
68$174,181,395$40,329,186$25,716,654$118,552,958
69$191,862,426$42,219,844$26,492,690$129,518,949
70$211,344,229$44,200,452$27,292,031$141,555,126
71$232,810,399$46,275,333$28,115,372$154,768,489
72$256,463,254$48,449,018$28,963,431$169,276,858
73$282,525,745$50,726,259$29,836,945$185,209,961
74$311,243,562$53,112,037$30,736,674$202,710,653
75$342,887,452$55,611,574$31,663,400$221,936,246
76$377,755,777$58,230,345$32,617,928$243,059,979
77$416,177,325$60,974,091$33,601,088$266,272,636
78$458,514,421$63,848,830$34,613,733$291,784,329
79$505,166,341$66,860,872$35,656,742$319,826,467
80$556,573,085$70,016,833$36,731,021$350,653,920
81$613,219,531$73,323,648$37,837,501$384,547,400
82$675,640,008$76,788,592$38,977,142$421,816,101
83$744,423,344$80,419,288$40,150,931$462,800,585
84$820,218,424$84,223,732$41,359,886$507,875,983
85$903,740,315$88,210,307$42,605,054$557,455,505
86$995,777,016$92,387,801$43,887,513$611,994,324
87$1,097,196,900$96,765,432$45,208,373$671,993,838
88$1,208,956,907$101,352,861$46,568,776$738,006,384
89$1,332,111,581$106,160,220$47,969,900$810,640,418
90$1,467,823,025$111,198,134$49,412,954$890,566,232
91$1,617,371,873$116,477,742$50,899,188$978,522,251
92$1,782,169,376$122,010,724$52,429,883$1,075,321,966
93$1,963,770,730$127,809,327$54,006,362$1,181,861,587
94$2,163,889,755$133,886,395$55,629,985$1,299,128,460
95$2,384,415,075$140,255,392$57,302,154$1,428,210,356
96$2,627,427,946$146,930,440$59,024,310$1,570,305,697
97$2,895,221,911$153,926,346$60,797,939$1,726,734,829
98$3,190,324,444$161,258,635$62,624,567$1,898,952,445
99$3,515,520,817$168,943,587$64,505,770$2,088,561,269
100$3,873,880,393$176,998,276$66,443,166$2,297,327,143