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%12.3%
1 years$1,007,465$998,491$989,735$981,190$972,845$963,487
2 years$498,745$489,456$480,454$471,726$463,260$453,833
3 years$329,194$319,865$310,886$302,239$293,911$284,708
4 years$244,435$235,135$226,245$217,746$209,620$200,711
5 years$193,593$184,348$175,575$167,250$159,350$150,761
6 years$159,709$150,534$141,891$133,751$126,088$117,830
7 years$135,516$126,419$117,912$109,964$102,543$94,620
8 years$117,379$108,364$99,999$92,246$85,069$77,481
9 years$103,281$94,350$86,129$78,573$71,641$64,384
10 years$92,008$83,165$75,089$67,731$61,042$54,112
11 years$82,791$74,037$66,107$58,946$52,498$45,891
12 years$75,116$66,452$58,669$51,704$45,493$39,202
13 years$68,627$60,053$52,416$45,647$39,671$33,687
14 years$63,069$54,586$47,096$40,520$34,776$29,092
15 years$58,257$49,866$42,522$36,137$30,619$25,227
16 years$54,051$45,751$38,552$32,357$27,061$21,952
17 years$50,343$42,135$35,081$29,072$23,994$19,159
18 years$47,051$38,934$32,024$26,200$21,335$16,764
19 years$44,109$36,084$29,317$23,674$19,016$14,700
20 years$41,464$33,531$26,906$21,441$16,986$12,915
21 years$39,074$31,233$24,748$19,459$15,200$11,364
22 years$36,905$29,155$22,809$17,693$13,625$10,014
23 years$34,927$27,268$21,060$16,113$12,230$8,836
24 years$33,116$25,548$19,477$14,696$10,993$7,804
25 years$31,453$23,976$18,040$13,421$9,892$6,900
26 years$29,921$22,533$16,731$12,272$8,910$6,105
27 years$28,504$21,206$15,536$11,233$8,033$5,406
28 years$27,191$19,983$14,443$10,292$7,249$4,790
29 years$25,971$18,851$13,440$9,438$6,545$4,246
30 years$24,834$17,803$12,519$8,661$5,914$3,767
31 years$23,772$16,830$11,671$7,955$5,347$3,342
32 years$22,779$15,925$10,889$7,311$4,837$2,967
33 years$21,848$15,081$10,167$6,723$4,377$2,635
34 years$20,974$14,293$9,500$6,186$3,963$2,341
35 years$20,152$13,557$8,882$5,694$3,590$2,080
36 years$19,376$12,867$8,309$5,244$3,252$1,848
37 years$18,645$12,221$7,777$4,832$2,948$1,643
38 years$17,954$11,614$7,283$4,454$2,672$1,461
39 years$17,299$11,044$6,823$4,106$2,423$1,299
40 years$16,679$10,508$6,395$3,788$2,198$1,156
41 years$16,091$10,002$5,997$3,495$1,994$1,028
42 years$15,532$9,526$5,625$3,225$1,809$914
43 years$15,001$9,076$5,278$2,977$1,642$814
44 years$14,495$8,651$4,955$2,749$1,491$724
45 years$14,013$8,250$4,652$2,539$1,353$644
46 years$13,554$7,870$4,370$2,345$1,229$573
47 years$13,115$7,511$4,105$2,166$1,116$510
48 years$12,696$7,170$3,858$2,002$1,013$454
49 years$12,295$6,847$3,626$1,850$920$404
50 years$11,911$6,540$3,409$1,710$836$360

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 $2,932 every year, while hoping to spend $38,539 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: 54/40/6 Blend
39$12,200,000$12,200,000$12,200,000$12,200,000
40$13,447,424$12,800,824$12,611,724$14,155,340
41$14,778,056$13,387,060$12,993,212$15,220,190
42$16,243,121$14,000,729$13,386,188$16,373,984
43$17,856,291$14,643,135$13,790,996$17,628,706
44$19,632,629$15,315,645$14,207,991$18,993,918
45$21,588,736$16,019,691$14,637,537$20,480,121
46$23,742,903$16,756,772$15,080,011$22,098,852
47$26,115,288$17,528,462$15,535,800$23,862,791
48$28,728,099$18,336,409$16,005,302$25,785,871
49$31,605,813$19,182,341$16,488,927$27,883,406
50$34,775,398$20,068,068$16,987,098$30,172,232
51$38,266,573$20,995,488$17,500,250$32,670,858
52$42,112,087$21,966,590$18,028,832$35,399,633
53$46,348,027$22,983,459$18,573,304$38,380,936
54$51,014,158$24,048,281$19,134,143$41,639,378
55$56,154,301$25,163,346$19,711,836$45,202,027
56$61,816,745$26,331,056$20,306,888$49,098,657
57$68,054,702$27,553,926$20,919,817$53,362,022
58$74,926,808$28,834,595$21,551,158$58,028,157
59$82,497,682$30,175,829$22,201,460$63,136,707
60$90,838,526$31,580,526$22,871,290$68,731,297
61$100,027,809$33,051,725$23,561,231$74,859,932
62$110,151,996$34,592,610$24,271,884$81,575,440
63$121,306,374$36,206,522$25,003,866$88,935,965
64$133,595,942$37,896,960$25,757,813$97,005,497
65$147,136,410$39,667,593$26,534,382$105,854,474
66$162,055,287$41,522,268$27,334,247$115,560,429
67$178,493,085$43,465,018$28,158,103$126,208,714
68$196,604,645$45,500,069$29,006,665$137,893,290
69$216,560,600$47,631,854$29,880,669$150,717,602
70$238,548,985$49,865,018$30,780,875$164,795,544
71$262,777,010$52,204,432$31,708,062$180,252,513
72$289,473,018$54,655,202$32,663,036$197,226,586
73$318,888,640$57,222,682$33,646,622$215,869,800
74$351,301,171$59,912,483$34,659,674$236,349,576
75$387,016,186$62,730,490$35,703,069$258,850,280
76$426,370,425$65,682,872$36,777,709$283,574,943
77$469,734,972$68,776,096$37,884,526$310,747,161
78$517,518,758$72,016,944$39,024,476$340,613,187
79$570,172,420$75,412,523$40,198,545$373,444,229
80$628,192,559$78,970,289$41,407,748$409,538,996
81$692,126,422$82,698,055$42,653,130$449,226,489
82$762,577,073$86,604,016$43,935,766$492,869,082
83$840,209,084$90,696,762$45,256,764$540,865,924
84$925,754,809$94,985,301$46,617,263$593,656,674
85$1,020,021,296$99,479,077$48,018,438$651,725,626
86$1,123,897,908$104,187,992$49,461,496$715,606,253
87$1,238,364,720$109,122,429$50,947,681$785,886,211
88$1,364,501,767$114,293,274$52,478,274$863,212,857
89$1,503,499,245$119,711,942$54,054,593$948,299,321
90$1,656,668,741$125,390,400$55,677,996$1,041,931,213
91$1,825,455,622$131,341,199$57,349,878$1,144,973,991
92$2,011,452,675$137,577,498$59,071,678$1,258,381,104
93$2,216,415,146$144,113,093$60,844,877$1,383,202,945
94$2,442,277,309$150,962,452$62,670,999$1,520,596,727
95$2,691,170,728$158,140,747$64,551,612$1,671,837,365
96$2,965,444,383$165,663,884$66,488,331$1,838,329,464
97$3,267,686,839$173,548,543$68,482,819$2,021,620,531
98$3,600,750,690$181,812,215$70,536,787$2,223,415,533
99$3,967,779,487$190,473,240$72,651,996$2,445,592,940
100$4,372,237,416$199,550,851$74,830,260$2,690,222,403