Can I retire at age 40 with 12,200,000?

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$1,007,465$998,491$989,735$981,190$972,845$935,355
2 years$498,745$489,456$480,454$471,726$463,260$425,936
3 years$329,194$319,865$310,886$302,239$293,911$257,928
4 years$244,435$235,135$226,245$217,746$209,620$175,252
5 years$193,593$184,348$175,575$167,250$159,350$126,685
6 years$159,709$150,534$141,891$133,751$126,088$95,149
7 years$135,516$126,419$117,912$109,964$102,543$73,320
8 years$117,379$108,364$99,999$92,246$85,069$57,533
9 years$103,281$94,350$86,129$78,573$71,641$45,752
10 years$92,008$83,165$75,089$67,731$61,042$36,751
11 years$82,791$74,037$66,107$58,946$52,498$29,751
12 years$75,116$66,452$58,669$51,704$45,493$24,231
13 years$68,627$60,053$52,416$45,647$39,671$19,830
14 years$63,069$54,586$47,096$40,520$34,776$16,292
15 years$58,257$49,866$42,522$36,137$30,619$13,426
16 years$54,051$45,751$38,552$32,357$27,061$11,093
17 years$50,343$42,135$35,081$29,072$23,994$9,184
18 years$47,051$38,934$32,024$26,200$21,335$7,616
19 years$44,109$36,084$29,317$23,674$19,016$6,325
20 years$41,464$33,531$26,906$21,441$16,986$5,259
21 years$39,074$31,233$24,748$19,459$15,200$4,376
22 years$36,905$29,155$22,809$17,693$13,625$3,645
23 years$34,927$27,268$21,060$16,113$12,230$3,038
24 years$33,116$25,548$19,477$14,696$10,993$2,533
25 years$31,453$23,976$18,040$13,421$9,892$2,113
26 years$29,921$22,533$16,731$12,272$8,910$1,764
27 years$28,504$21,206$15,536$11,233$8,033$1,472
28 years$27,191$19,983$14,443$10,292$7,249$1,229
29 years$25,971$18,851$13,440$9,438$6,545$1,027
30 years$24,834$17,803$12,519$8,661$5,914$858
31 years$23,772$16,830$11,671$7,955$5,347$717
32 years$22,779$15,925$10,889$7,311$4,837$599
33 years$21,848$15,081$10,167$6,723$4,377$500
34 years$20,974$14,293$9,500$6,186$3,963$418
35 years$20,152$13,557$8,882$5,694$3,590$350
36 years$19,376$12,867$8,309$5,244$3,252$292
37 years$18,645$12,221$7,777$4,832$2,948$244
38 years$17,954$11,614$7,283$4,454$2,672$204
39 years$17,299$11,044$6,823$4,106$2,423$171
40 years$16,679$10,508$6,395$3,788$2,198$143
41 years$16,091$10,002$5,997$3,495$1,994$119
42 years$15,532$9,526$5,625$3,225$1,809$100
43 years$15,001$9,076$5,278$2,977$1,642$83
44 years$14,495$8,651$4,955$2,749$1,491$70
45 years$14,013$8,250$4,652$2,539$1,353$58
46 years$13,554$7,870$4,370$2,345$1,229$49
47 years$13,115$7,511$4,105$2,166$1,116$41
48 years$12,696$7,170$3,858$2,002$1,013$34
49 years$12,295$6,847$3,626$1,850$920$28
50 years$11,911$6,540$3,409$1,710$836$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $12,200,000, adding $4,683 every year, while hoping to spend $39,076 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: 75/19/6 Blend
39$12,200,000$12,200,000$12,200,000$12,200,000
40$13,449,231$12,802,631$12,613,531$14,449,222
41$14,779,475$13,388,383$12,994,507$15,693,116
42$16,244,096$14,001,527$13,386,937$17,050,280
43$17,856,756$14,643,365$13,791,162$18,536,253
44$19,632,515$15,315,259$14,207,536$20,163,774
45$21,587,963$16,018,639$14,636,420$21,946,865
46$23,741,385$16,755,002$15,078,189$23,900,956
47$26,112,926$17,525,917$15,533,229$26,043,038
48$28,724,787$18,333,029$16,001,935$28,391,809
49$31,601,431$19,178,063$16,484,715$30,967,859
50$34,769,814$20,062,825$16,981,989$33,793,853
51$38,259,640$20,989,209$17,494,192$36,894,746
52$42,103,643$21,959,200$18,021,767$40,298,015
53$46,337,893$22,974,878$18,565,173$44,033,915
54$51,002,135$24,038,425$19,124,884$48,135,761
55$56,140,170$25,152,125$19,701,385$52,640,240
56$61,800,263$26,318,374$20,295,177$57,587,750
57$68,035,600$27,539,685$20,906,775$63,022,784
58$74,904,790$28,818,688$21,536,711$68,994,339
59$82,472,419$30,158,144$22,185,531$75,556,380
60$90,809,657$31,560,945$22,853,798$82,768,339
61$99,994,932$33,030,121$23,542,091$90,695,679
62$110,114,670$34,568,852$24,251,006$99,410,501
63$121,264,110$36,180,469$24,981,158$108,992,222
64$133,548,201$37,868,465$25,733,179$119,528,318
65$147,082,597$39,636,499$26,507,720$131,115,147
66$161,994,745$41,488,410$27,305,451$143,858,851
67$178,425,088$43,428,221$28,127,062$157,876,351
68$196,528,392$45,460,149$28,973,264$173,296,446
69$216,475,208$47,588,616$29,844,788$190,261,023
70$238,453,478$49,818,257$30,742,388$208,926,387
71$262,670,312$52,153,931$31,666,837$229,464,731
72$289,353,942$54,600,732$32,618,935$252,065,755
73$318,755,877$57,164,001$33,599,502$276,938,445
74$351,153,277$59,849,337$34,609,386$304,313,044
75$386,851,567$62,662,610$35,649,455$334,443,208
76$426,187,323$65,609,974$36,720,608$367,608,402
77$469,531,448$68,697,882$37,823,767$404,116,520
78$517,292,674$71,933,096$38,959,882$444,306,786
79$569,921,419$75,322,710$40,129,930$488,552,945
80$627,914,041$78,874,160$41,334,920$537,266,781
81$691,817,520$82,595,240$42,575,886$590,901,992
82$762,234,625$86,494,126$43,853,897$649,958,464
83$839,829,604$90,579,385$45,170,050$714,986,972
84$925,334,454$94,860,005$46,525,476$786,594,374
85$1,019,555,828$99,345,405$47,921,339$865,449,318
86$1,123,382,656$104,045,463$49,358,838$952,288,550
87$1,237,794,532$108,970,537$50,839,204$1,047,923,844
88$1,363,870,966$114,131,484$52,363,709$1,153,249,659
89$1,502,801,570$119,539,692$53,933,659$1,269,251,559
90$1,655,897,292$125,207,099$55,550,398$1,397,015,508
91$1,824,602,791$131,146,222$57,215,312$1,537,738,097
92$2,010,510,076$137,370,188$58,929,826$1,692,737,826
93$2,215,373,536$143,892,759$60,695,406$1,863,467,532
94$2,441,126,498$150,728,366$62,513,564$2,051,528,081
95$2,689,899,486$157,892,140$64,385,853$2,258,683,463
96$2,964,040,328$165,399,950$66,313,874$2,486,877,420
97$3,266,136,325$173,268,431$68,299,272$2,738,251,777
98$3,599,038,676$181,515,030$70,343,744$3,015,166,631
99$3,965,889,396$190,158,041$72,449,034$3,320,222,612
100$4,370,150,975$199,216,646$74,616,937$3,656,285,404