Can I retire at age 40 with 10,900,000?

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$900,112$892,094$884,272$876,637$869,181$834,366
2 years$445,600$437,301$429,258$421,460$413,896$379,257
3 years$294,116$285,781$277,758$270,033$262,593$229,221
4 years$218,389$210,079$202,137$194,544$187,283$155,433
5 years$172,964$164,705$156,867$149,428$142,370$112,122
6 years$142,691$134,494$126,772$119,499$112,652$84,025
7 years$121,076$112,948$105,348$98,247$91,616$64,600
8 years$104,872$96,817$89,343$82,417$76,005$50,570
9 years$92,275$84,297$76,951$70,201$64,007$40,116
10 years$82,204$74,303$67,088$60,514$54,537$32,142
11 years$73,969$66,148$59,063$52,665$46,904$25,952
12 years$67,112$59,371$52,417$46,194$40,646$21,080
13 years$61,314$53,654$46,831$40,783$35,444$17,205
14 years$56,349$48,770$42,078$36,202$31,070$14,095
15 years$52,049$44,552$37,991$32,286$27,356$11,583
16 years$48,291$40,876$34,444$28,909$24,178$9,542
17 years$44,978$37,645$31,343$25,974$21,438$7,877
18 years$42,037$34,786$28,612$23,408$19,061$6,513
19 years$39,408$32,239$26,193$21,151$16,990$5,392
20 years$37,046$29,958$24,039$19,156$15,176$4,469
21 years$34,911$27,905$22,111$17,386$13,580$3,708
22 years$32,972$26,048$20,379$15,808$12,173$3,078
23 years$31,205$24,362$18,816$14,396$10,927$2,558
24 years$29,588$22,826$17,402$13,130$9,822$2,126
25 years$28,102$21,421$16,117$11,991$8,838$1,768
26 years$26,733$20,132$14,948$10,964$7,961$1,471
27 years$25,467$18,947$13,881$10,036$7,177$1,224
28 years$24,294$17,853$12,904$9,195$6,476$1,018
29 years$23,203$16,843$12,008$8,432$5,848$848
30 years$22,188$15,906$11,185$7,738$5,284$706
31 years$21,239$15,037$10,428$7,107$4,777$588
32 years$20,352$14,228$9,729$6,532$4,321$490
33 years$19,520$13,474$9,084$6,006$3,911$408
34 years$18,739$12,770$8,488$5,526$3,541$340
35 years$18,004$12,112$7,935$5,087$3,207$283
36 years$17,312$11,496$7,423$4,685$2,906$236
37 years$16,658$10,919$6,948$4,317$2,634$196
38 years$16,041$10,377$6,507$3,979$2,388$164
39 years$15,456$9,867$6,096$3,669$2,165$136
40 years$14,902$9,388$5,714$3,384$1,964$114
41 years$14,376$8,936$5,358$3,122$1,782$95
42 years$13,877$8,511$5,026$2,881$1,617$79
43 years$13,403$8,109$4,716$2,660$1,467$66
44 years$12,951$7,730$4,427$2,456$1,332$55
45 years$12,520$7,371$4,157$2,268$1,209$46
46 years$12,110$7,032$3,904$2,095$1,098$38
47 years$11,718$6,710$3,668$1,936$997$32
48 years$11,343$6,406$3,447$1,789$905$26
49 years$10,985$6,117$3,240$1,653$822$22
50 years$10,642$5,843$3,046$1,528$747$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $10,900,000, adding $6,716 every year, while hoping to spend $42,564 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: 67/5/28 Blend
39$10,900,000$10,900,000$10,900,000$10,900,000
40$12,018,728$11,441,028$11,272,078$12,735,348
41$13,199,350$11,956,350$11,604,404$13,734,432
42$14,498,969$12,495,497$11,946,438$14,821,363
43$15,929,678$13,059,590$12,298,457$16,009,285
44$17,504,802$13,649,807$12,660,752$17,308,181
45$19,239,022$14,267,378$13,033,618$18,729,042
46$21,148,518$14,913,595$13,417,360$20,283,970
47$23,251,117$15,589,811$13,812,291$21,986,289
48$25,566,462$16,297,443$14,218,734$23,850,671
49$28,116,201$17,037,977$14,637,021$25,893,272
50$30,924,184$17,812,969$15,067,492$28,131,883
51$34,016,695$18,624,049$15,510,498$30,586,097
52$37,422,698$19,472,927$15,966,399$33,277,493
53$41,174,106$20,361,393$16,435,566$36,229,836
54$45,306,088$21,291,325$16,918,381$39,469,302
55$49,857,397$22,264,688$17,415,235$43,024,719
56$54,870,738$23,283,544$17,926,531$46,927,843
57$60,393,168$24,350,052$18,452,685$51,213,653
58$66,476,542$25,466,476$18,994,121$55,920,677
59$73,178,004$26,635,187$19,551,278$61,091,357
60$80,560,521$27,858,673$20,124,607$66,772,446
61$88,693,484$29,139,537$20,714,571$73,015,449
62$97,653,356$30,480,512$21,321,647$79,877,104
63$107,524,399$31,884,458$21,946,323$87,419,915
64$118,399,467$33,354,374$22,589,103$95,712,743
65$130,380,879$34,893,406$23,250,505$104,831,452
66$143,581,393$36,504,847$23,931,061$114,859,619
67$158,125,262$38,192,151$24,631,318$125,889,327
68$174,149,410$39,958,938$25,351,839$138,022,025
69$191,804,726$41,809,002$26,093,201$151,369,486
70$211,257,484$43,746,319$26,855,999$166,054,859
71$232,690,917$45,775,058$27,640,845$182,213,827
72$256,306,942$47,899,588$28,448,365$199,995,885
73$282,328,071$50,124,488$29,279,206$219,565,749
74$310,999,507$52,454,561$30,134,032$241,104,908
75$342,591,459$54,894,837$31,013,525$264,813,328
76$377,401,696$57,450,592$31,918,386$290,911,344
77$415,758,353$60,127,354$32,849,335$319,641,731
78$458,023,031$62,930,921$33,807,115$351,271,993
79$504,594,213$65,867,369$34,792,486$386,096,883
80$555,911,020$68,943,067$35,806,231$424,441,183
81$612,457,359$72,164,692$36,849,154$466,662,766
82$674,766,492$75,539,245$37,922,084$513,155,966
83$743,426,069$79,074,062$39,025,868$564,355,301
84$819,083,674$82,776,838$40,161,381$620,739,563
85$902,452,942$86,655,637$41,329,521$682,836,342
86$994,320,292$90,718,912$42,531,209$751,226,992
87$1,095,552,351$94,975,529$43,767,395$826,552,119
88$1,207,104,140$99,434,778$45,039,051$909,517,622
89$1,330,028,082$104,106,402$46,347,179$1,000,901,350
90$1,465,483,945$109,000,614$47,692,808$1,101,560,438
91$1,614,749,785$114,128,122$49,076,995$1,212,439,395
92$1,779,234,015$119,500,153$50,500,827$1,334,579,012
93$1,960,488,699$125,128,474$51,965,419$1,469,126,181
94$2,160,224,205$131,025,428$53,471,918$1,617,344,714
95$2,380,325,350$137,203,950$55,021,503$1,780,627,267
96$2,622,869,197$143,677,605$56,615,386$1,960,508,483
97$2,890,144,663$150,460,615$58,254,809$2,158,679,465
98$3,184,674,125$157,567,892$59,941,051$2,377,003,739
99$3,509,237,235$165,015,068$61,675,426$2,617,534,834
100$3,866,897,162$172,818,536$63,459,282$2,882,535,660