Can I retire at age 40 with 11,700,000?

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 $11,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$966,175$957,569$949,172$940,977$932,974$925,544
2 years$478,304$469,397$460,763$452,393$444,274$436,783
3 years$315,702$306,756$298,144$289,852$281,865$274,548
4 years$234,417$225,498$216,973$208,822$201,029$193,940
5 years$185,659$176,793$168,380$160,396$152,819$145,979
6 years$153,164$144,365$136,076$128,270$120,920$114,339
7 years$129,962$121,237$113,080$105,458$98,341$92,021
8 years$112,569$103,923$95,901$88,466$81,583$75,524
9 years$99,048$90,484$82,599$75,353$68,705$62,906
10 years$88,237$79,757$72,012$64,955$58,540$52,997
11 years$79,398$71,003$63,398$56,530$50,346$45,055
12 years$72,038$63,728$56,264$49,585$43,629$38,585
13 years$65,814$57,592$50,268$43,776$38,045$33,244
14 years$60,484$52,349$45,166$38,859$33,350$28,784
15 years$55,870$47,822$40,779$34,656$29,364$25,028
16 years$51,835$43,876$36,972$31,030$25,952$21,838
17 years$48,280$40,408$33,643$27,881$23,011$19,113
18 years$45,122$37,339$30,712$25,126$20,460$16,771
19 years$42,301$34,605$28,115$22,704$18,237$14,749
20 years$39,765$32,157$25,803$20,562$16,289$12,995
21 years$37,473$29,953$23,734$18,662$14,577$11,469
22 years$35,392$27,960$21,874$16,968$13,066$10,137
23 years$33,495$26,150$20,197$15,453$11,729$8,971
24 years$31,759$24,501$18,679$14,094$10,542$7,948
25 years$30,164$22,993$17,300$12,871$9,487$7,049
26 years$28,695$21,610$16,045$11,769$8,545$6,257
27 years$27,336$20,337$14,899$10,772$7,704$5,558
28 years$26,077$19,164$13,851$9,870$6,952$4,940
29 years$24,906$18,079$12,889$9,051$6,277$4,394
30 years$23,816$17,074$12,006$8,306$5,672$3,910
31 years$22,798$16,140$11,193$7,629$5,128$3,481
32 years$21,846$15,272$10,443$7,011$4,638$3,101
33 years$20,953$14,463$9,751$6,447$4,198$2,763
34 years$20,114$13,707$9,111$5,932$3,801$2,462
35 years$19,326$13,001$8,518$5,461$3,442$2,195
36 years$18,582$12,340$7,968$5,029$3,119$1,958
37 years$17,881$11,720$7,458$4,634$2,827$1,746
38 years$17,218$11,138$6,984$4,271$2,563$1,558
39 years$16,590$10,592$6,543$3,938$2,324$1,390
40 years$15,996$10,077$6,133$3,632$2,108$1,241
41 years$15,432$9,592$5,751$3,351$1,912$1,107
42 years$14,896$9,135$5,395$3,093$1,735$988
43 years$14,386$8,704$5,062$2,855$1,575$883
44 years$13,901$8,297$4,752$2,636$1,430$788
45 years$13,439$7,912$4,462$2,435$1,298$704
46 years$12,998$7,548$4,190$2,249$1,178$628
47 years$12,578$7,203$3,937$2,078$1,070$561
48 years$12,176$6,876$3,700$1,920$972$501
49 years$11,791$6,566$3,477$1,774$883$448
50 years$11,423$6,272$3,269$1,640$802$400

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $11,700,000, adding $2,720 every year, while hoping to spend $21,174 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: 28/42/30 Blend
39$11,700,000$11,700,000$11,700,000$11,700,000
40$12,896,206$12,276,106$12,094,756$13,137,673
41$14,189,090$12,855,106$12,477,401$13,911,840
42$15,613,138$13,461,767$12,872,155$14,740,963
43$17,181,708$14,097,423$13,279,402$15,631,328
44$18,909,516$14,763,471$13,699,536$16,588,215
45$20,812,782$15,461,377$14,132,966$17,617,401
46$22,909,378$16,192,676$14,580,112$18,725,208
47$25,218,998$16,958,981$15,041,409$19,918,557
48$27,763,344$17,761,979$15,517,305$21,205,028
49$30,566,332$18,603,443$16,008,262$22,592,923
50$33,654,315$19,485,229$16,514,756$24,091,341
51$37,056,334$20,409,285$17,037,279$25,710,252
52$40,804,392$21,377,651$17,576,339$27,460,588
53$44,933,753$22,392,469$18,132,460$29,354,337
54$49,483,279$23,455,984$18,706,181$31,404,645
55$54,495,796$24,570,548$19,298,060$33,625,937
56$60,018,493$25,738,631$19,908,671$36,034,039
57$66,103,375$26,962,820$20,538,607$38,646,322
58$72,807,749$28,245,829$21,188,481$41,481,854
59$80,194,768$29,590,502$21,858,923$44,561,570
60$88,334,022$30,999,825$22,550,584$47,908,461
61$97,302,201$32,476,924$23,264,138$51,547,776
62$107,183,814$34,025,083$24,000,275$55,507,252
63$118,071,991$35,647,739$24,759,712$59,817,361
64$130,069,358$37,348,502$25,543,186$64,511,590
65$143,289,008$39,131,155$26,351,458$69,626,737
66$157,855,568$40,999,663$27,185,314$75,203,247
67$173,906,377$42,958,187$28,045,562$81,285,583
68$191,592,778$45,011,089$28,933,040$87,922,623
69$211,081,553$47,162,944$29,848,609$95,168,113
70$232,556,492$49,418,549$30,793,157$103,081,152
71$256,220,131$51,782,934$31,767,604$111,726,735
72$282,295,660$54,261,374$32,772,896$121,176,349
73$311,029,038$56,859,402$33,810,008$131,508,626
74$342,691,306$59,582,819$34,879,949$142,810,067
75$377,581,151$62,437,708$35,983,759$155,175,837
76$416,027,722$65,430,450$37,122,509$168,710,644
77$458,393,743$68,567,735$38,297,306$183,529,698
78$505,078,930$71,856,579$39,509,291$199,759,783
79$556,523,770$75,304,341$40,759,642$217,540,421
80$613,213,678$78,918,738$42,049,573$237,025,170
81$675,683,578$82,707,861$43,380,339$258,383,039
82$744,522,954$86,680,197$44,753,231$281,800,059
83$820,381,416$90,844,647$46,169,585$307,481,009
84$903,974,830$95,210,544$47,630,775$335,651,317
85$996,092,079$99,787,677$49,138,223$366,559,152
86$1,097,602,509$104,586,312$50,693,392$400,477,738
87$1,209,464,139$109,617,214$52,297,794$437,707,891
88$1,332,732,699$114,891,676$53,952,988$478,580,828
89$1,468,571,603$120,421,537$55,660,582$523,461,247
90$1,618,262,931$126,219,217$57,422,236$572,750,732
91$1,783,219,531$132,297,739$59,239,662$626,891,501
92$1,964,998,358$138,670,763$61,114,625$686,370,533
93$2,165,315,174$145,352,614$63,048,949$751,724,121
94$2,386,060,746$152,358,316$65,044,512$823,542,882
95$2,629,318,693$159,703,625$67,103,255$902,477,281
96$2,897,385,164$167,405,066$69,227,177$989,243,718
97$3,192,790,507$175,479,971$71,418,344$1,084,631,235
98$3,518,323,165$183,946,516$73,678,885$1,189,508,901
99$3,877,055,996$192,823,764$76,010,997$1,304,833,959
100$4,272,375,289$202,131,709$78,416,946$1,431,660,793