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%16.1%
1 years$990,949$982,122$973,510$965,105$956,897$933,007
2 years$490,569$481,432$472,578$463,993$455,665$431,748
3 years$323,797$314,621$305,789$297,285$289,093$265,896
4 years$240,428$231,280$222,536$214,177$206,183$183,885
5 years$190,419$181,326$172,697$164,508$156,737$135,400
6 years$157,091$148,067$139,565$131,559$124,021$103,666
7 years$133,294$124,346$115,979$108,162$100,862$81,491
8 years$115,455$106,588$98,360$90,734$83,675$65,279
9 years$101,588$92,804$84,717$77,285$70,466$53,031
10 years$90,500$81,802$73,858$66,621$60,041$43,545
11 years$81,434$72,823$65,024$57,980$51,637$36,057
12 years$73,885$65,362$57,707$50,856$44,748$30,056
13 years$67,502$59,068$51,557$44,898$39,021$25,190
14 years$62,035$53,692$46,324$39,856$34,205$21,203
15 years$57,302$49,048$41,825$35,544$30,117$17,912
16 years$53,165$45,001$37,920$31,826$26,618$15,177
17 years$49,518$41,444$34,506$28,595$23,601$12,892
18 years$46,279$38,296$31,499$25,770$20,985$10,974
19 years$43,385$35,493$28,836$23,286$18,704$9,357
20 years$40,784$32,981$26,464$21,090$16,707$7,991
21 years$38,434$30,721$24,342$19,140$14,951$6,832
22 years$36,300$28,677$22,435$17,403$13,401$5,848
23 years$34,354$26,821$20,715$15,849$12,030$5,010
24 years$32,574$25,129$19,158$14,455$10,813$4,295
25 years$30,938$23,583$17,744$13,201$9,730$3,685
26 years$29,430$22,164$16,457$12,071$8,764$3,163
27 years$28,037$20,859$15,281$11,049$7,902$2,717
28 years$26,745$19,655$14,206$10,123$7,130$2,334
29 years$25,545$18,542$13,220$9,283$6,438$2,006
30 years$24,427$17,511$12,314$8,519$5,817$1,725
31 years$23,383$16,554$11,480$7,824$5,259$1,483
32 years$22,406$15,663$10,711$7,191$4,757$1,276
33 years$21,490$14,834$10,001$6,613$4,305$1,098
34 years$20,630$14,059$9,344$6,084$3,898$944
35 years$19,821$13,335$8,736$5,601$3,531$813
36 years$19,059$12,656$8,172$5,158$3,199$699
37 years$18,339$12,021$7,649$4,753$2,899$602
38 years$17,659$11,424$7,163$4,381$2,629$518
39 years$17,016$10,863$6,711$4,039$2,384$446
40 years$16,406$10,335$6,290$3,725$2,162$384
41 years$15,827$9,838$5,898$3,437$1,961$331
42 years$15,278$9,370$5,533$3,172$1,780$285
43 years$14,755$8,927$5,192$2,928$1,615$245
44 years$14,258$8,510$4,873$2,704$1,466$211
45 years$13,784$8,115$4,576$2,497$1,331$182
46 years$13,332$7,741$4,298$2,307$1,209$157
47 years$12,900$7,387$4,038$2,131$1,097$135
48 years$12,488$7,052$3,794$1,969$997$116
49 years$12,094$6,735$3,567$1,820$905$100
50 years$11,716$6,433$3,353$1,682$822$86

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 $4,130 every year, while hoping to spend $29,714 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: 55/40/5 Blend
39$12,000,000$12,000,000$12,000,000$12,000,000
40$13,228,260$12,592,260$12,406,260$13,942,125
41$14,545,927$13,177,665$12,790,254$15,009,017
42$15,997,000$13,790,760$13,186,117$16,166,301
43$17,595,056$14,432,868$13,594,213$17,425,479
44$19,355,053$15,105,381$14,014,921$18,796,221
45$21,293,477$15,809,753$14,448,629$20,289,151
46$23,428,494$16,547,512$14,895,740$21,915,940
47$25,780,118$17,320,259$15,356,665$23,689,413
48$28,370,409$18,129,670$15,831,833$25,623,664
49$31,223,672$18,977,506$16,321,680$27,734,187
50$34,366,692$19,865,609$16,826,662$30,038,013
51$37,828,983$20,795,912$17,347,244$32,553,866
52$41,643,070$21,770,442$17,883,907$35,302,334
53$45,844,793$22,791,324$18,437,148$38,306,058
54$50,473,647$23,860,784$19,007,477$41,589,935
55$55,573,154$24,981,156$19,595,422$45,181,351
56$61,191,272$26,154,890$20,201,526$49,110,431
57$67,380,854$27,384,551$20,826,348$53,410,313
58$74,200,136$28,672,830$21,470,467$58,117,453
59$81,713,298$30,022,547$22,134,475$63,271,965
60$89,991,063$31,436,659$22,818,988$68,917,986
61$99,111,364$32,918,268$23,524,637$75,104,087
62$109,160,084$34,470,624$24,252,073$81,883,718
63$120,231,863$36,097,135$25,001,968$89,315,707
64$132,430,993$37,801,375$25,775,014$97,464,798
65$145,872,402$39,587,091$26,571,925$106,402,260
66$160,682,739$41,458,210$27,393,437$116,206,541
67$177,001,568$43,418,851$28,240,306$126,963,997
68$194,982,686$45,473,334$29,113,315$138,769,699
69$214,795,578$47,626,185$30,013,269$151,728,312
70$236,627,012$49,882,153$30,940,998$165,955,072
71$260,682,803$52,246,215$31,897,358$181,576,857
72$287,189,761$54,723,590$32,883,230$198,733,371
73$316,397,823$57,319,753$33,899,525$217,578,446
74$348,582,421$60,040,441$34,947,179$238,281,477
75$384,047,076$62,891,671$36,027,158$261,029,003
76$423,126,268$65,879,753$37,140,458$286,026,451
77$466,188,588$69,011,302$38,288,105$313,500,055
78$513,640,224$72,293,255$39,471,156$343,698,968
79$565,928,789$75,732,887$40,690,702$376,897,600
80$623,547,551$79,337,824$41,947,866$413,398,178
81$687,040,089$83,116,065$43,243,807$453,533,581
82$757,005,423$87,075,997$44,579,719$497,670,457
83$834,103,669$91,226,413$45,956,833$546,212,655
84$919,062,272$95,576,537$47,376,415$599,605,017
85$1,012,682,873$100,136,037$48,839,775$658,337,541
86$1,115,848,878$104,915,054$50,348,259$722,949,985
87$1,229,533,794$109,924,223$51,903,257$794,036,925
88$1,354,810,425$115,174,693$53,506,199$872,253,341
89$1,492,860,993$120,678,158$55,158,562$958,320,761
90$1,644,988,306$126,446,879$56,861,865$1,053,034,041
91$1,812,628,053$132,493,717$58,617,678$1,157,268,829
92$1,997,362,359$138,832,153$60,427,615$1,271,989,791
93$2,200,934,721$145,476,330$62,293,341$1,398,259,683
94$2,425,266,468$152,441,076$64,216,573$1,537,249,331
95$2,672,474,900$159,741,940$66,199,081$1,690,248,650
96$2,944,893,277$167,395,232$68,242,687$1,858,678,763
97$3,245,092,845$175,418,052$70,349,270$2,044,105,379
98$3,575,907,113$183,828,335$72,520,769$2,248,253,511
99$3,940,458,602$192,644,887$74,759,179$2,473,023,715
100$4,342,188,326$201,887,433$77,066,558$2,720,509,973