Can I retire at age 40 with 12,000,000?

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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$990,949$982,122$973,510$965,105$956,897$942,208
2 years$490,569$481,432$472,578$463,993$455,665$440,902
3 years$323,797$314,621$305,789$297,285$289,093$274,715
4 years$240,428$231,280$222,536$214,177$206,183$192,301
5 years$190,419$181,326$172,697$164,508$156,737$143,391
6 years$157,091$148,067$139,565$131,559$124,021$111,226
7 years$133,294$124,346$115,979$108,162$100,862$88,623
8 years$115,455$106,588$98,360$90,734$83,675$71,989
9 years$101,588$92,804$84,717$77,285$70,466$59,328
10 years$90,500$81,802$73,858$66,621$60,041$49,442
11 years$81,434$72,823$65,024$57,980$51,637$41,566
12 years$73,885$65,362$57,707$50,856$44,748$35,192
13 years$67,502$59,068$51,557$44,898$39,021$29,967
14 years$62,035$53,692$46,324$39,856$34,205$25,639
15 years$57,302$49,048$41,825$35,544$30,117$22,023
16 years$53,165$45,001$37,920$31,826$26,618$18,979
17 years$49,518$41,444$34,506$28,595$23,601$16,402
18 years$46,279$38,296$31,499$25,770$20,985$14,208
19 years$43,385$35,493$28,836$23,286$18,704$12,332
20 years$40,784$32,981$26,464$21,090$16,707$10,723
21 years$38,434$30,721$24,342$19,140$14,951$9,337
22 years$36,300$28,677$22,435$17,403$13,401$8,141
23 years$34,354$26,821$20,715$15,849$12,030$7,106
24 years$32,574$25,129$19,158$14,455$10,813$6,209
25 years$30,938$23,583$17,744$13,201$9,730$5,429
26 years$29,430$22,164$16,457$12,071$8,764$4,751
27 years$28,037$20,859$15,281$11,049$7,902$4,160
28 years$26,745$19,655$14,206$10,123$7,130$3,645
29 years$25,545$18,542$13,220$9,283$6,438$3,195
30 years$24,427$17,511$12,314$8,519$5,817$2,801
31 years$23,383$16,554$11,480$7,824$5,259$2,457
32 years$22,406$15,663$10,711$7,191$4,757$2,156
33 years$21,490$14,834$10,001$6,613$4,305$1,893
34 years$20,630$14,059$9,344$6,084$3,898$1,662
35 years$19,821$13,335$8,736$5,601$3,531$1,459
36 years$19,059$12,656$8,172$5,158$3,199$1,282
37 years$18,339$12,021$7,649$4,753$2,899$1,126
38 years$17,659$11,424$7,163$4,381$2,629$989
39 years$17,016$10,863$6,711$4,039$2,384$869
40 years$16,406$10,335$6,290$3,725$2,162$764
41 years$15,827$9,838$5,898$3,437$1,961$671
42 years$15,278$9,370$5,533$3,172$1,780$590
43 years$14,755$8,927$5,192$2,928$1,615$519
44 years$14,258$8,510$4,873$2,704$1,466$456
45 years$13,784$8,115$4,576$2,497$1,331$401
46 years$13,332$7,741$4,298$2,307$1,209$352
47 years$12,900$7,387$4,038$2,131$1,097$310
48 years$12,488$7,052$3,794$1,969$997$272
49 years$12,094$6,735$3,567$1,820$905$240
50 years$11,716$6,433$3,353$1,682$822$211

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $12,000,000, adding $5,278 every year, while hoping to spend $33,161 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: 78/8/14 Blend
39$12,000,000$12,000,000$12,000,000$12,000,000
40$13,229,444$12,593,444$12,407,444$14,223,096
41$14,543,565$13,175,240$12,787,811$15,460,112
42$15,990,614$13,784,432$13,179,808$16,811,877
43$17,584,115$14,422,329$13,583,790$18,293,673
44$19,338,972$15,090,299$14,000,124$19,918,477
45$21,271,604$15,789,781$14,429,185$21,700,579
46$23,400,106$16,522,279$14,871,361$23,655,714
47$25,744,417$17,289,371$15,327,053$25,801,214
48$28,326,510$18,092,712$15,796,671$28,156,161
49$31,170,595$18,934,036$16,280,640$30,741,574
50$34,303,352$19,815,161$16,779,399$33,580,601
51$37,754,182$20,737,991$17,293,396$36,698,740
52$41,555,480$21,704,524$17,823,097$40,124,072
53$45,742,948$22,716,855$18,368,979$43,887,528
54$50,355,924$23,777,177$18,931,536$48,023,179
55$55,437,761$24,887,791$19,511,275$52,568,554
56$61,036,230$26,051,110$20,108,720$57,564,995
57$67,203,973$27,269,661$20,724,409$63,058,041
58$73,999,000$28,546,097$21,358,899$69,097,859
59$81,485,237$29,883,194$22,012,760$75,739,711
60$89,733,127$31,283,867$22,686,584$83,044,479
61$98,820,299$32,751,169$23,380,978$91,079,233
62$108,832,296$34,288,303$24,096,567$99,917,862
63$119,863,385$35,898,625$24,833,996$109,641,769
64$132,017,446$37,585,653$25,593,931$120,340,638
65$145,408,953$39,353,077$26,377,055$132,113,274
66$160,164,054$41,204,766$27,184,075$145,068,537
67$176,421,762$43,144,774$28,015,716$159,326,361
68$194,335,267$45,177,354$28,872,728$175,018,888
69$214,073,382$47,306,962$29,755,882$192,291,709
70$235,822,136$49,538,272$30,665,973$211,305,234
71$259,786,531$51,876,184$31,603,820$232,236,205
72$286,192,477$54,325,836$32,570,267$255,279,358
73$315,288,921$56,892,615$33,566,183$280,649,257
74$347,350,205$59,582,166$34,592,464$308,582,318
75$382,678,647$62,400,413$35,650,032$339,339,033
76$421,607,399$65,353,564$36,739,839$373,206,426
77$464,503,594$68,448,129$37,862,864$410,500,755
78$511,771,806$71,690,932$39,020,115$451,570,497
79$563,857,874$75,089,132$40,212,633$496,799,629
80$621,253,110$78,650,232$41,441,488$546,611,247
81$684,498,934$82,382,100$42,707,785$601,471,555
82$754,191,989$86,292,987$44,012,660$661,894,260
83$830,989,772$90,391,544$45,357,284$728,445,417
84$915,616,840$94,686,841$46,742,865$801,748,761
85$1,008,871,652$99,188,390$48,170,645$882,491,594
86$1,111,634,104$103,906,165$49,641,905$971,431,264
87$1,224,873,839$108,850,623$51,157,965$1,069,402,304
88$1,349,659,399$114,032,732$52,720,185$1,177,324,307
89$1,487,168,310$119,463,989$54,329,964$1,296,210,598
90$1,638,698,206$125,156,452$55,988,746$1,427,177,791
91$1,805,679,071$131,122,767$57,698,017$1,571,456,318
92$1,989,686,745$137,376,190$59,459,309$1,730,402,045
93$2,192,457,795$143,930,626$61,274,198$1,905,509,050
94$2,415,905,918$150,800,654$63,144,312$2,098,423,730
95$2,662,139,998$158,001,563$65,071,322$2,310,960,322
96$2,933,484,022$165,549,384$67,056,956$2,545,118,029
97$3,232,499,018$173,460,929$69,102,989$2,803,099,875
98$3,562,007,231$181,753,828$71,211,253$3,087,333,496
99$3,925,118,771$190,446,568$73,383,633$3,400,494,042
100$4,325,260,973$199,558,537$75,622,071$3,745,529,422