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

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$1,007,465$998,491$989,735$981,190$972,845$939,075
2 years$498,745$489,456$480,454$471,726$463,260$429,586
3 years$329,194$319,865$310,886$302,239$293,911$261,392
4 years$244,435$235,135$226,245$217,746$209,620$178,504
5 years$193,593$184,348$175,575$167,250$159,350$129,718
6 years$159,709$150,534$141,891$133,751$126,088$97,965
7 years$135,516$126,419$117,912$109,964$102,543$75,923
8 years$117,379$108,364$99,999$92,246$85,069$59,930
9 years$103,281$94,350$86,129$78,573$71,641$47,951
10 years$92,008$83,165$75,089$67,731$61,042$38,762
11 years$82,791$74,037$66,107$58,946$52,498$31,584
12 years$75,116$66,452$58,669$51,704$45,493$25,896
13 years$68,627$60,053$52,416$45,647$39,671$21,339
14 years$63,069$54,586$47,096$40,520$34,776$17,654
15 years$58,257$49,866$42,522$36,137$30,619$14,653
16 years$54,051$45,751$38,552$32,357$27,061$12,195
17 years$50,343$42,135$35,081$29,072$23,994$10,171
18 years$47,051$38,934$32,024$26,200$21,335$8,498
19 years$44,109$36,084$29,317$23,674$19,016$7,111
20 years$41,464$33,531$26,906$21,441$16,986$5,958
21 years$39,074$31,233$24,748$19,459$15,200$4,997
22 years$36,905$29,155$22,809$17,693$13,625$4,194
23 years$34,927$27,268$21,060$16,113$12,230$3,523
24 years$33,116$25,548$19,477$14,696$10,993$2,961
25 years$31,453$23,976$18,040$13,421$9,892$2,490
26 years$29,921$22,533$16,731$12,272$8,910$2,095
27 years$28,504$21,206$15,536$11,233$8,033$1,763
28 years$27,191$19,983$14,443$10,292$7,249$1,484
29 years$25,971$18,851$13,440$9,438$6,545$1,250
30 years$24,834$17,803$12,519$8,661$5,914$1,053
31 years$23,772$16,830$11,671$7,955$5,347$887
32 years$22,779$15,925$10,889$7,311$4,837$747
33 years$21,848$15,081$10,167$6,723$4,377$629
34 years$20,974$14,293$9,500$6,186$3,963$530
35 years$20,152$13,557$8,882$5,694$3,590$447
36 years$19,376$12,867$8,309$5,244$3,252$377
37 years$18,645$12,221$7,777$4,832$2,948$318
38 years$17,954$11,614$7,283$4,454$2,672$268
39 years$17,299$11,044$6,823$4,106$2,423$226
40 years$16,679$10,508$6,395$3,788$2,198$190
41 years$16,091$10,002$5,997$3,495$1,994$160
42 years$15,532$9,526$5,625$3,225$1,809$135
43 years$15,001$9,076$5,278$2,977$1,642$114
44 years$14,495$8,651$4,955$2,749$1,491$96
45 years$14,013$8,250$4,652$2,539$1,353$81
46 years$13,554$7,870$4,370$2,345$1,229$68
47 years$13,115$7,511$4,105$2,166$1,116$58
48 years$12,696$7,170$3,858$2,002$1,013$49
49 years$12,295$6,847$3,626$1,850$920$41
50 years$11,911$6,540$3,409$1,710$836$35

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 $3,445 every year, while hoping to spend $41,469 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: 44/28/28 Blend
39$12,200,000$12,200,000$12,200,000$12,200,000
40$13,447,954$12,801,354$12,612,254$13,930,150
41$14,775,522$13,384,497$12,990,641$14,857,881
42$16,237,113$13,994,825$13,380,315$15,858,701
43$17,846,352$14,633,625$13,781,610$16,942,841
44$19,618,255$15,302,248$14,194,869$18,118,079
45$21,569,367$16,002,108$14,620,446$19,392,954
46$23,717,918$16,734,687$15,058,707$20,776,848
47$26,083,999$17,501,540$15,510,027$22,280,066
48$28,689,746$18,304,294$15,974,792$23,913,933
49$31,559,552$19,144,657$16,453,400$25,690,893
50$34,720,297$20,024,416$16,946,260$27,624,623
51$38,201,601$20,945,446$17,453,793$29,730,158
52$42,036,103$21,909,711$17,976,433$32,024,025
53$46,259,769$22,919,270$18,514,627$34,524,399
54$50,912,232$23,976,281$19,068,834$37,251,265
55$56,037,167$25,083,006$19,639,527$40,226,598
56$61,682,699$26,241,814$20,227,192$43,474,574
57$67,901,862$27,455,191$20,832,331$47,021,780
58$74,753,097$28,725,741$21,455,459$50,897,469
59$82,300,804$30,056,193$22,097,108$55,133,822
60$90,615,947$31,449,408$22,757,822$59,766,246
61$99,776,730$32,908,385$23,438,165$64,833,705
62$109,869,328$34,436,267$24,138,716$70,379,075
63$120,988,705$36,036,350$24,860,069$76,449,541
64$133,239,509$37,712,087$25,602,837$83,097,038
65$146,737,059$39,467,099$26,367,652$90,378,726
66$161,608,433$41,305,181$27,155,162$98,357,528
67$177,993,669$43,230,311$27,966,036$107,102,707
68$196,047,086$45,246,660$28,800,961$116,690,512
69$215,938,741$47,358,598$29,660,646$127,204,890
70$237,856,033$49,570,709$30,545,817$138,738,264
71$262,005,471$51,887,798$31,457,226$151,392,394
72$288,614,629$54,314,899$32,395,642$165,279,329
73$317,934,285$56,857,293$33,361,860$180,522,448
74$350,240,797$59,520,515$34,356,697$197,257,611
75$385,838,705$62,310,367$35,380,993$215,634,434
76$425,063,610$65,232,933$36,435,614$235,817,679
77$468,285,341$68,294,589$37,521,449$257,988,800
78$515,911,442$71,502,021$38,639,415$282,347,637
79$568,391,028$74,862,238$39,790,454$309,114,287
80$626,219,015$78,382,590$40,975,536$338,531,165
81$689,940,798$82,070,780$42,195,660$370,865,274
82$760,157,397$85,934,886$43,451,852$406,410,708
83$837,531,132$89,983,376$44,745,170$445,491,405
84$922,791,876$94,225,129$46,076,701$488,464,187
85$1,016,743,941$98,669,455$47,447,564$535,722,111
86$1,120,273,676$103,326,111$48,858,911$587,698,147
87$1,234,357,833$108,205,332$50,311,926$644,869,253
88$1,360,072,785$113,317,847$51,807,829$707,760,845
89$1,498,604,692$118,674,904$53,347,874$776,951,735
90$1,651,260,695$124,288,299$54,933,352$853,079,568
91$1,819,481,257$130,170,396$56,565,590$936,846,813
92$2,004,853,763$136,334,164$58,245,956$1,029,027,365
93$2,209,127,506$142,793,197$59,975,854$1,130,473,822
94$2,434,230,198$149,561,750$61,756,732$1,242,125,499
95$2,682,286,173$156,654,771$63,590,077$1,365,017,265
96$2,955,636,439$164,087,931$65,477,421$1,500,289,273
97$3,256,860,780$171,877,664$67,420,339$1,649,197,694
98$3,588,802,110$180,041,200$69,420,451$1,813,126,530
99$3,954,593,315$188,596,608$71,479,426$1,993,600,643
100$4,357,686,824$197,562,833$73,598,978$2,192,300,110