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

Use the below retirement simulation to view the chances of a successful retirement.
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 years$990,949$982,122$973,510$965,105$956,897$933,385
2 years$490,569$481,432$472,578$463,993$455,665$432,123
3 years$323,797$314,621$305,789$297,285$289,093$266,256
4 years$240,428$231,280$222,536$214,177$206,183$184,227
5 years$190,419$181,326$172,697$164,508$156,737$135,723
6 years$157,091$148,067$139,565$131,559$124,021$103,970
7 years$133,294$124,346$115,979$108,162$100,862$81,776
8 years$115,455$106,588$98,360$90,734$83,675$65,546
9 years$101,588$92,804$84,717$77,285$70,466$53,280
10 years$90,500$81,802$73,858$66,621$60,041$43,777
11 years$81,434$72,823$65,024$57,980$51,637$36,272
12 years$73,885$65,362$57,707$50,856$44,748$30,255
13 years$67,502$59,068$51,557$44,898$39,021$25,373
14 years$62,035$53,692$46,324$39,856$34,205$21,373
15 years$57,302$49,048$41,825$35,544$30,117$18,068
16 years$53,165$45,001$37,920$31,826$26,618$15,320
17 years$49,518$41,444$34,506$28,595$23,601$13,023
18 years$46,279$38,296$31,499$25,770$20,985$11,093
19 years$43,385$35,493$28,836$23,286$18,704$9,466
20 years$40,784$32,981$26,464$21,090$16,707$8,090
21 years$38,434$30,721$24,342$19,140$14,951$6,922
22 years$36,300$28,677$22,435$17,403$13,401$5,929
23 years$34,354$26,821$20,715$15,849$12,030$5,084
24 years$32,574$25,129$19,158$14,455$10,813$4,362
25 years$30,938$23,583$17,744$13,201$9,730$3,745
26 years$29,430$22,164$16,457$12,071$8,764$3,218
27 years$28,037$20,859$15,281$11,049$7,902$2,766
28 years$26,745$19,655$14,206$10,123$7,130$2,378
29 years$25,545$18,542$13,220$9,283$6,438$2,046
30 years$24,427$17,511$12,314$8,519$5,817$1,760
31 years$23,383$16,554$11,480$7,824$5,259$1,515
32 years$22,406$15,663$10,711$7,191$4,757$1,304
33 years$21,490$14,834$10,001$6,613$4,305$1,123
34 years$20,630$14,059$9,344$6,084$3,898$967
35 years$19,821$13,335$8,736$5,601$3,531$833
36 years$19,059$12,656$8,172$5,158$3,199$717
37 years$18,339$12,021$7,649$4,753$2,899$618
38 years$17,659$11,424$7,163$4,381$2,629$533
39 years$17,016$10,863$6,711$4,039$2,384$459
40 years$16,406$10,335$6,290$3,725$2,162$395
41 years$15,827$9,838$5,898$3,437$1,961$341
42 years$15,278$9,370$5,533$3,172$1,780$294
43 years$14,755$8,927$5,192$2,928$1,615$253
44 years$14,258$8,510$4,873$2,704$1,466$218
45 years$13,784$8,115$4,576$2,497$1,331$188
46 years$13,332$7,741$4,298$2,307$1,209$162
47 years$12,900$7,387$4,038$2,131$1,097$140
48 years$12,488$7,052$3,794$1,969$997$120
49 years$12,094$6,735$3,567$1,820$905$104
50 years$11,716$6,433$3,353$1,682$822$89

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 $2,281 every year, while hoping to spend $24,255 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: 71/23/6 Blend
39$12,000,000$12,000,000$12,000,000$12,000,000
40$13,226,353$12,590,353$12,404,353$14,155,230
41$14,549,634$13,181,473$12,794,092$15,359,792
42$16,007,076$13,800,745$13,196,074$16,674,532
43$17,612,339$14,449,523$13,610,683$18,112,835
44$19,380,475$15,129,226$14,038,318$19,686,843
45$21,328,067$15,841,343$14,479,386$21,409,918
46$23,473,394$16,587,432$14,934,309$23,296,762
47$25,836,595$17,369,131$15,403,523$25,363,555
48$28,439,863$18,188,154$15,887,477$27,628,104
49$31,307,655$19,046,299$16,386,633$30,110,005
50$34,466,919$19,945,451$16,901,468$32,830,830
51$37,947,354$20,887,587$17,432,477$35,814,321
52$41,781,684$21,874,780$17,980,165$39,086,614
53$46,005,973$22,909,201$18,545,058$42,676,484
54$50,659,960$23,993,129$19,127,695$46,615,606
55$55,787,437$25,128,954$19,728,633$50,938,856
56$61,436,661$26,319,178$20,348,448$55,684,630
57$67,660,812$27,566,430$20,987,733$60,895,207
58$74,518,492$28,873,461$21,647,098$66,617,142
59$82,074,277$30,243,160$22,327,175$72,901,696
60$90,399,331$31,678,553$23,028,614$79,805,321
61$99,572,076$33,182,815$23,752,085$87,390,181
62$109,678,929$34,759,274$24,498,282$95,724,738
63$120,815,122$36,411,421$25,267,916$104,884,390
64$133,085,598$38,142,914$26,061,725$114,952,176
65$146,606,004$39,957,592$26,880,468$126,019,551
66$161,503,780$41,859,477$27,724,927$138,187,249
67$177,919,364$43,852,790$28,595,910$151,566,218
68$196,007,517$45,941,954$29,494,251$166,278,665
69$215,938,783$48,131,610$30,420,808$182,459,201
70$237,901,101$50,426,621$31,376,467$200,256,102
71$262,101,578$52,832,089$32,362,143$219,832,699
72$288,768,442$55,353,364$33,378,778$241,368,913
73$318,153,199$57,996,056$34,427,343$265,062,941
74$350,533,009$60,766,046$35,508,843$291,133,119
75$386,213,297$63,669,503$36,624,310$319,819,971
76$425,530,641$66,712,897$37,774,812$351,388,470
77$468,855,947$69,903,010$38,961,449$386,130,524
78$516,597,952$73,246,955$40,185,356$424,367,724
79$569,207,080$76,752,193$41,447,702$466,454,364
80$627,179,698$80,426,546$42,749,696$512,780,774
81$691,062,797$84,278,217$44,092,581$563,776,987
82$761,459,162$88,315,809$45,477,642$619,916,789
83$839,033,057$92,548,344$46,906,203$681,722,173
84$924,516,499$96,985,283$48,379,631$749,768,251
85$1,018,716,166$101,636,546$49,899,334$824,688,667
86$1,122,521,018$106,512,540$51,466,764$907,181,559
87$1,236,910,683$111,624,175$53,083,422$998,016,135
88$1,362,964,708$116,982,895$54,750,852$1,098,039,911
89$1,501,872,751$122,600,700$56,470,648$1,208,186,694
90$1,654,945,812$128,490,175$58,244,455$1,329,485,375
91$1,823,628,610$134,664,519$60,073,970$1,463,069,620
92$2,009,513,221$141,137,572$61,960,940$1,610,188,550
93$2,214,354,108$147,923,852$63,907,170$1,772,218,507
94$2,440,084,688$155,038,582$65,914,521$1,950,676,024
95$2,688,835,580$162,497,726$67,984,912$2,147,232,110
96$2,962,954,724$170,318,030$70,120,322$2,363,728,004
97$3,265,029,546$178,517,053$72,322,792$2,602,192,523
98$3,597,911,382$187,113,212$74,594,428$2,864,861,185
99$3,964,742,404$196,125,820$76,937,402$3,154,197,281
100$4,368,985,278$205,575,134$79,353,954$3,472,915,098