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%13.8%
1 years$999,207$990,306$981,623$973,147$964,871$949,668
2 years$494,657$485,444$476,516$467,859$459,462$444,185
3 years$326,495$317,243$308,337$299,762$291,502$276,626
4 years$242,431$233,207$224,391$215,962$207,902$193,541
5 years$192,006$182,837$174,136$165,879$158,043$144,240
6 years$158,400$149,300$140,728$132,655$125,054$111,824
7 years$134,405$125,382$116,946$109,063$101,703$89,050
8 years$116,417$107,476$99,179$91,490$84,372$72,294
9 years$102,434$93,577$85,423$77,929$71,054$59,544
10 years$91,254$82,484$74,474$67,176$60,541$49,591
11 years$82,113$73,430$65,565$58,463$52,067$41,666
12 years$74,500$65,907$58,188$51,280$45,121$35,254
13 years$68,064$59,561$51,987$45,273$39,346$30,000
14 years$62,552$54,139$46,710$40,188$34,490$25,650
15 years$57,780$49,457$42,173$35,841$30,368$22,017
16 years$53,608$45,376$38,236$32,091$26,839$18,961
17 years$49,930$41,789$34,793$28,834$23,798$16,374
18 years$46,665$38,615$31,762$25,985$21,160$14,174
19 years$43,747$35,788$29,077$23,480$18,860$12,294
20 years$41,124$33,256$26,685$21,265$16,846$10,682
21 years$38,754$30,977$24,545$19,300$15,076$9,294
22 years$36,602$28,916$22,622$17,548$13,513$8,098
23 years$34,641$27,044$20,887$15,981$12,130$7,063
24 years$32,845$25,339$19,317$14,576$10,903$6,166
25 years$31,196$23,779$17,892$13,311$9,811$5,388
26 years$29,676$22,349$16,594$12,171$8,837$4,711
27 years$28,271$21,033$15,409$11,141$7,968$4,122
28 years$26,968$19,819$14,324$10,207$7,189$3,608
29 years$25,758$18,697$13,330$9,360$6,492$3,160
30 years$24,630$17,657$12,416$8,590$5,866$2,769
31 years$23,578$16,692$11,576$7,890$5,303$2,427
32 years$22,593$15,794$10,800$7,251$4,797$2,128
33 years$21,669$14,957$10,084$6,668$4,341$1,866
34 years$20,802$14,176$9,422$6,135$3,931$1,637
35 years$19,986$13,446$8,809$5,647$3,560$1,436
36 years$19,218$12,762$8,241$5,201$3,226$1,260
37 years$18,492$12,121$7,713$4,792$2,924$1,106
38 years$17,806$11,519$7,223$4,417$2,650$971
39 years$17,158$10,954$6,767$4,073$2,403$853
40 years$16,543$10,421$6,343$3,757$2,180$749
41 years$15,959$9,920$5,948$3,466$1,978$657
42 years$15,405$9,448$5,579$3,199$1,795$577
43 years$14,878$9,002$5,235$2,953$1,629$507
44 years$14,377$8,581$4,914$2,726$1,478$445
45 years$13,899$8,182$4,614$2,518$1,342$391
46 years$13,443$7,806$4,334$2,326$1,219$344
47 years$13,008$7,449$4,071$2,149$1,107$302
48 years$12,592$7,111$3,826$1,985$1,005$265
49 years$12,194$6,791$3,596$1,835$913$233
50 years$11,814$6,487$3,381$1,696$829$205

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 $4,558 every year, while hoping to spend $34,683 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: 69/9/22 Blend
39$12,100,000$12,100,000$12,100,000$12,100,000
40$13,338,902$12,697,602$12,510,052$14,185,439
41$14,662,567$13,282,882$12,892,236$15,337,499
42$16,120,084$13,895,678$13,286,061$16,593,260
43$17,725,069$14,537,302$13,691,880$17,966,603
44$19,492,525$15,209,129$14,110,057$19,469,151
45$21,438,986$15,912,600$14,540,968$21,113,697
46$23,582,670$16,649,225$14,984,998$22,914,323
47$25,943,653$17,420,587$15,442,545$24,886,536
48$28,544,055$18,228,346$15,914,020$27,047,405
49$31,408,255$19,074,241$16,399,846$29,415,726
50$34,563,112$19,960,094$16,900,457$32,012,197
51$38,038,229$20,887,818$17,416,301$34,859,606
52$41,866,223$21,859,415$17,947,841$37,983,051
53$46,083,036$22,876,986$18,495,553$41,410,168
54$50,728,279$23,942,731$19,059,927$45,171,395
55$55,845,596$25,058,957$19,641,467$49,300,251
56$61,483,085$26,228,085$20,240,694$53,833,656
57$67,693,747$27,452,648$20,858,145$58,812,272
58$74,535,987$28,735,306$21,494,371$64,280,886
59$82,074,167$30,078,845$22,149,941$70,288,829
60$90,379,209$31,486,185$22,825,441$76,890,440
61$99,529,270$32,960,390$23,521,475$84,145,572
62$109,610,476$34,504,669$24,238,665$92,120,160
63$120,717,735$36,122,389$24,977,651$100,886,833
64$132,955,635$37,817,077$25,739,093$110,525,601
65$146,439,428$39,592,432$26,523,672$121,124,604
66$161,296,122$41,452,333$27,332,086$132,780,940
67$177,665,674$43,400,845$28,165,059$145,601,579
68$195,702,317$45,442,231$29,023,332$159,704,368
69$215,576,011$47,580,959$29,907,673$175,219,139
70$237,474,053$49,821,714$30,818,868$192,288,927
71$261,602,837$52,169,409$31,757,731$211,071,322
72$288,189,810$54,629,194$32,725,099$231,739,946
73$317,485,614$57,206,467$33,721,833$254,486,087
74$349,766,454$59,906,891$34,748,821$279,520,503
75$385,336,705$62,736,402$35,806,979$307,075,403
76$424,531,785$65,701,221$36,897,249$337,406,635
77$467,721,320$68,807,875$38,020,601$370,796,093
78$515,312,639$72,063,204$39,178,034$407,554,373
79$567,754,610$75,474,383$40,370,580$448,023,698
80$625,541,884$79,048,932$41,599,299$492,581,143
81$689,219,564$82,794,737$42,865,283$541,642,185
82$759,388,348$86,720,068$44,169,658$595,664,622
83$836,710,202$90,833,594$45,513,585$655,152,881
84$921,914,609$95,144,406$46,898,256$720,662,776
85$1,015,805,455$99,662,038$48,324,903$792,806,745
86$1,119,268,616$104,396,483$49,794,793$872,259,626
87$1,233,280,327$109,358,223$51,309,231$959,765,012
88$1,358,916,392$114,558,246$52,869,561$1,056,142,267
89$1,497,362,341$120,008,078$54,477,168$1,162,294,248
90$1,649,924,626$125,719,800$56,133,480$1,279,215,821
91$1,818,042,951$131,706,083$57,839,964$1,408,003,237
92$2,003,303,864$137,980,213$59,598,135$1,549,864,477
93$2,207,455,737$144,556,123$61,409,552$1,706,130,637
94$2,432,425,270$151,448,421$63,275,820$1,878,268,484
95$2,680,335,681$158,672,427$65,198,593$2,067,894,296
96$2,953,526,749$166,244,204$67,179,574$2,276,789,097
97$3,254,576,906$174,180,598$69,220,519$2,506,915,466
98$3,586,327,577$182,499,275$71,323,233$2,760,436,044
99$3,951,910,008$191,218,757$73,489,579$3,039,733,940
100$4,354,774,822$200,358,470$75,721,473$3,347,435,211