Can I retire at age 40 with 12,100,000?

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$999,207$990,306$981,623$973,147$964,871$960,401
2 years$494,657$485,444$476,516$467,859$459,462$454,951
3 years$326,495$317,243$308,337$299,762$291,502$287,088
4 years$242,431$233,207$224,391$215,962$207,902$203,619
5 years$192,006$182,837$174,136$165,879$158,043$153,906
6 years$158,400$149,300$140,728$132,655$125,054$121,066
7 years$134,405$125,382$116,946$109,063$101,703$97,866
8 years$116,417$107,476$99,179$91,490$84,372$80,688
9 years$102,434$93,577$85,423$77,929$71,054$67,520
10 years$91,254$82,484$74,474$67,176$60,541$57,157
11 years$82,113$73,430$65,565$58,463$52,067$48,831
12 years$74,500$65,907$58,188$51,280$45,121$42,029
13 years$68,064$59,561$51,987$45,273$39,346$36,396
14 years$62,552$54,139$46,710$40,188$34,490$31,679
15 years$57,780$49,457$42,173$35,841$30,368$27,692
16 years$53,608$45,376$38,236$32,091$26,839$24,295
17 years$49,930$41,789$34,793$28,834$23,798$21,381
18 years$46,665$38,615$31,762$25,985$21,160$18,866
19 years$43,747$35,788$29,077$23,480$18,860$16,686
20 years$41,124$33,256$26,685$21,265$16,846$14,788
21 years$38,754$30,977$24,545$19,300$15,076$13,129
22 years$36,602$28,916$22,622$17,548$13,513$11,673
23 years$34,641$27,044$20,887$15,981$12,130$10,393
24 years$32,845$25,339$19,317$14,576$10,903$9,265
25 years$31,196$23,779$17,892$13,311$9,811$8,267
26 years$29,676$22,349$16,594$12,171$8,837$7,384
27 years$28,271$21,033$15,409$11,141$7,968$6,601
28 years$26,968$19,819$14,324$10,207$7,189$5,905
29 years$25,758$18,697$13,330$9,360$6,492$5,285
30 years$24,630$17,657$12,416$8,590$5,866$4,734
31 years$23,578$16,692$11,576$7,890$5,303$4,242
32 years$22,593$15,794$10,800$7,251$4,797$3,803
33 years$21,669$14,957$10,084$6,668$4,341$3,411
34 years$20,802$14,176$9,422$6,135$3,931$3,060
35 years$19,986$13,446$8,809$5,647$3,560$2,747
36 years$19,218$12,762$8,241$5,201$3,226$2,466
37 years$18,492$12,121$7,713$4,792$2,924$2,215
38 years$17,806$11,519$7,223$4,417$2,650$1,989
39 years$17,158$10,954$6,767$4,073$2,403$1,787
40 years$16,543$10,421$6,343$3,757$2,180$1,606
41 years$15,959$9,920$5,948$3,466$1,978$1,443
42 years$15,405$9,448$5,579$3,199$1,795$1,297
43 years$14,878$9,002$5,235$2,953$1,629$1,166
44 years$14,377$8,581$4,914$2,726$1,478$1,049
45 years$13,899$8,182$4,614$2,518$1,342$943
46 years$13,443$7,806$4,334$2,326$1,219$848
47 years$13,008$7,449$4,071$2,149$1,107$763
48 years$12,592$7,111$3,826$1,985$1,005$686
49 years$12,194$6,791$3,596$1,835$913$617
50 years$11,814$6,487$3,381$1,696$829$555

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $12,100,000, adding $5,501 every year, while hoping to spend $34,870 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: 57/35/8 Blend
39$12,100,000$12,100,000$12,100,000$12,100,000
40$13,339,874$12,698,574$12,511,024$14,075,559
41$14,663,440$13,283,703$12,893,042$15,156,694
42$16,120,841$13,896,334$13,286,689$16,329,711
43$17,725,691$14,537,779$13,692,317$17,606,920
44$19,492,992$15,209,411$14,110,291$18,998,277
45$21,439,276$15,912,671$14,540,984$20,514,727
46$23,582,757$16,649,067$14,984,782$22,168,298
47$25,943,509$17,420,181$15,442,083$23,972,211
48$28,543,650$18,227,673$15,913,295$25,941,004
49$31,407,552$19,073,280$16,398,841$28,090,658
50$34,562,076$19,958,823$16,899,156$30,438,751
51$38,036,815$20,886,214$17,414,685$33,004,609
52$41,864,385$21,857,452$17,945,891$35,809,493
53$46,080,722$22,874,638$18,493,249$38,876,787
54$50,725,431$23,939,970$19,057,248$42,232,215
55$55,842,150$25,055,754$19,638,391$45,904,076
56$61,478,971$26,224,408$20,237,199$49,923,510
57$67,688,887$27,448,464$20,854,206$54,324,778
58$74,530,295$28,730,580$21,489,963$59,145,583
59$82,067,546$30,073,539$22,145,037$64,427,415
60$90,371,554$31,480,261$22,820,015$70,215,939
61$99,520,464$32,953,806$23,515,497$76,561,414
62$109,600,390$34,497,381$24,232,105$83,519,161
63$120,706,227$36,114,350$24,970,477$91,150,075
64$132,942,547$37,808,238$25,731,273$99,521,191
65$146,424,586$39,582,741$26,515,170$108,706,307
66$161,279,334$41,441,735$27,322,868$118,786,670
67$177,646,728$43,389,282$28,155,086$129,851,732
68$195,680,979$45,429,641$29,012,566$141,999,985
69$215,552,023$47,567,278$29,896,072$155,339,875
70$237,447,128$49,806,874$30,806,389$169,990,816
71$261,572,662$52,153,337$31,744,330$186,084,306
72$288,156,037$54,611,814$32,710,728$203,765,149
73$317,447,859$57,187,700$33,706,444$223,192,815
74$349,724,294$59,886,650$34,732,363$244,542,924
75$385,289,673$62,714,598$35,789,399$268,008,891
76$424,479,367$65,677,759$36,878,490$293,803,738
77$467,662,948$68,782,656$38,000,606$322,162,082
78$515,247,686$72,036,123$39,156,743$353,342,337
79$567,682,385$75,445,328$40,347,929$387,629,133
80$625,461,625$79,017,786$41,575,222$425,335,981
81$689,130,431$82,761,377$42,839,711$466,808,218
82$759,289,414$86,684,364$44,142,521$512,426,237
83$836,600,445$90,795,408$45,484,806$562,609,064
84$921,792,902$95,103,595$46,867,758$617,818,282
85$1,015,670,554$99,618,448$48,292,605$678,562,371
86$1,119,119,153$104,349,954$49,760,609$745,401,477
87$1,233,114,790$109,308,585$51,273,073$818,952,676
88$1,358,733,115$114,505,322$52,831,337$899,895,770
89$1,497,159,488$119,951,678$54,436,783$988,979,671
90$1,649,700,172$125,659,727$56,090,832$1,087,029,447
91$1,817,794,665$131,642,129$57,794,949$1,194,954,074
92$2,003,029,286$137,912,158$59,550,645$1,313,754,980
93$2,207,152,154$144,483,734$61,359,473$1,444,535,470
94$2,432,089,692$151,371,456$63,223,033$1,588,511,098
95$2,679,964,811$158,590,628$65,142,976$1,747,021,107
96$2,953,116,955$166,157,302$67,120,999$1,921,541,028
97$3,254,124,183$174,088,308$69,158,851$2,113,696,569
98$3,585,827,511$182,401,297$71,258,334$2,325,278,914
99$3,951,357,733$191,114,776$73,421,303$2,558,261,589
100$4,354,164,975$200,248,153$75,649,670$2,814,819,042