Can I retire at age 40 with 11,800,000?

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$974,433$965,753$957,285$949,019$940,949$908,286
2 years$482,393$473,408$464,701$456,259$448,071$415,501
3 years$318,401$309,378$300,693$292,330$284,274$252,822
4 years$236,421$227,425$218,827$210,607$202,747$172,651
5 years$187,245$178,304$169,819$161,766$154,125$125,465
6 years$154,473$145,599$137,239$129,366$121,954$94,753
7 years$131,073$122,274$114,046$106,359$99,181$73,434
8 years$113,531$104,811$96,720$89,222$82,280$57,966
9 years$99,894$91,257$83,305$75,997$69,292$46,379
10 years$88,992$80,438$72,627$65,510$59,040$37,491
11 years$80,077$71,610$63,940$57,014$50,777$30,548
12 years$72,653$64,273$56,745$50,009$44,002$25,047
13 years$66,377$58,084$50,698$44,150$38,370$20,639
14 years$61,001$52,797$45,552$39,192$33,635$17,075
15 years$56,347$48,231$41,128$34,952$29,615$14,173
16 years$52,278$44,251$37,288$31,296$26,174$11,795
17 years$48,692$40,753$33,931$28,119$23,208$9,837
18 years$45,508$37,658$30,974$25,341$20,635$8,219
19 years$42,662$34,901$28,356$22,898$18,393$6,878
20 years$40,104$32,432$26,023$20,738$16,429$5,762
21 years$37,793$30,209$23,936$18,821$14,702$4,833
22 years$35,695$28,199$22,061$17,113$13,178$4,057
23 years$33,782$26,374$20,370$15,585$11,829$3,408
24 years$32,031$24,711$18,838$14,214$10,633$2,864
25 years$30,422$23,190$17,448$12,981$9,568$2,409
26 years$28,940$21,795$16,182$11,870$8,618$2,026
27 years$27,570$20,511$15,027$10,864$7,770$1,705
28 years$26,300$19,328$13,969$9,954$7,011$1,436
29 years$25,119$18,233$13,000$9,128$6,331$1,209
30 years$24,020$17,219$12,109$8,377$5,720$1,018
31 years$22,993$16,278$11,289$7,694$5,172$858
32 years$22,033$15,402$10,532$7,071$4,678$723
33 years$21,132$14,586$9,834$6,502$4,234$609
34 years$20,286$13,825$9,188$5,983$3,833$513
35 years$19,491$13,112$8,591$5,507$3,472$432
36 years$18,741$12,446$8,036$5,072$3,146$364
37 years$18,034$11,820$7,522$4,673$2,851$307
38 years$17,365$11,234$7,044$4,308$2,585$259
39 years$16,732$10,682$6,599$3,972$2,344$218
40 years$16,132$10,163$6,186$3,663$2,126$184
41 years$15,564$9,674$5,800$3,380$1,929$155
42 years$15,023$9,213$5,441$3,119$1,750$131
43 years$14,509$8,779$5,105$2,879$1,588$110
44 years$14,020$8,368$4,792$2,659$1,442$93
45 years$13,554$7,979$4,500$2,455$1,309$78
46 years$13,109$7,612$4,226$2,268$1,188$66
47 years$12,685$7,264$3,971$2,095$1,079$56
48 years$12,280$6,935$3,731$1,936$980$47
49 years$11,892$6,622$3,507$1,789$890$40
50 years$11,521$6,326$3,297$1,654$808$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $11,800,000, adding $5,006 every year, while hoping to spend $28,984 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: 62/10/28 Blend
39$11,800,000$11,800,000$11,800,000$11,800,000
40$13,008,764$12,383,364$12,200,464$13,717,292
41$14,304,819$12,959,310$12,578,340$14,775,367
42$15,732,100$13,562,506$12,967,905$15,926,625
43$17,303,962$14,194,256$13,369,517$17,183,151
44$19,035,121$14,855,929$13,783,550$18,555,250
45$20,941,791$15,548,958$14,210,387$20,054,263
46$23,041,842$16,274,845$14,650,424$21,692,671
47$25,354,964$17,035,166$15,104,067$23,484,209
48$27,902,854$17,831,573$15,571,737$25,443,998
49$30,709,422$18,665,798$16,053,867$27,588,680
50$33,801,015$19,539,654$16,550,904$29,936,576
51$37,206,666$20,455,044$17,063,307$32,507,857
52$40,958,370$21,413,965$17,591,551$35,324,727
53$45,091,380$22,418,506$18,136,124$38,411,636
54$49,644,548$23,470,860$18,697,532$41,795,504
55$54,660,685$24,573,325$19,276,293$45,505,973
56$60,186,969$25,728,312$19,872,942$49,575,684
57$66,275,387$26,938,347$20,488,033$54,040,582
58$72,983,228$28,206,077$21,122,134$58,940,252
59$80,373,623$29,534,281$21,775,831$64,318,288
60$88,516,141$30,925,868$22,449,729$70,222,704
61$97,487,444$32,383,893$23,144,452$76,706,378
62$107,372,014$33,911,554$23,860,642$83,827,555
63$118,262,947$35,512,208$24,598,960$91,650,383
64$130,262,833$37,189,371$25,360,091$100,245,525
65$143,484,725$38,946,733$26,144,737$109,690,812
66$158,053,205$40,788,161$26,953,624$120,071,980
67$174,105,560$42,717,710$27,787,499$131,483,472
68$191,793,081$44,739,631$28,647,133$144,029,322
69$211,282,484$46,858,382$29,533,321$157,824,138
70$232,757,491$49,078,636$30,446,881$172,994,172
71$256,420,561$51,405,295$31,388,658$189,678,511
72$282,494,801$53,843,498$32,359,521$208,030,381
73$311,226,073$56,398,631$33,360,367$228,218,591
74$342,885,313$59,076,346$34,392,120$250,429,115
75$377,771,094$61,882,565$35,455,735$274,866,846
76$416,212,435$64,823,500$36,552,191$301,757,521
77$458,571,917$67,905,665$37,682,503$331,349,845
78$505,249,099$71,135,889$38,847,714$363,917,832
79$556,684,293$74,521,334$40,048,898$399,763,383
80$613,362,720$78,069,509$41,287,166$439,219,130
81$675,819,091$81,788,288$42,563,659$482,651,564
82$744,642,653$85,685,928$43,879,556$530,464,492
83$820,482,753$89,771,089$45,236,071$583,102,832
84$904,054,970$94,052,849$46,634,456$641,056,812
85$996,147,867$98,540,728$48,076,000$704,866,582
86$1,097,630,437$103,244,712$49,562,034$775,127,304
87$1,209,460,308$108,175,268$51,093,928$852,494,763
88$1,332,692,779$113,343,376$52,673,094$937,691,544
89$1,468,490,789$118,760,548$54,300,990$1,031,513,842
90$1,618,135,892$124,438,857$55,979,115$1,134,838,966
91$1,783,040,355$130,390,963$57,709,017$1,248,633,611
92$1,964,760,493$136,630,142$59,492,291$1,373,962,967
93$2,165,011,361$143,170,317$61,330,581$1,512,000,764
94$2,385,682,944$150,026,087$63,225,580$1,664,040,340
95$2,628,858,002$157,212,763$65,179,035$1,831,506,829
96$2,896,831,732$164,746,402$67,192,745$2,015,970,608
97$3,192,133,433$172,643,840$69,268,567$2,219,162,100
98$3,517,550,391$180,922,736$71,408,412$2,442,988,094
99$3,876,154,188$189,601,607$73,614,251$2,689,549,733
100$4,271,329,703$198,699,874$75,888,116$2,961,162,326