Can I retire at age 40 with 12,300,000?

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$961,803
2 years$502,833$493,468$484,392$475,592$467,057$447,975
3 years$331,892$322,487$313,434$304,717$296,320$277,768
4 years$246,438$237,062$228,100$219,531$211,338$193,459
5 years$195,180$185,859$177,015$168,621$160,656$143,500
6 years$161,018$151,768$143,054$134,848$127,121$110,709
7 years$136,627$127,455$118,879$110,866$103,384$87,717
8 years$118,342$109,252$100,818$93,002$85,767$70,843
9 years$104,127$95,124$86,835$79,217$72,228$58,037
10 years$92,762$83,847$75,705$68,286$61,542$48,070
11 years$83,470$74,644$66,649$59,429$52,928$40,159
12 years$75,732$66,996$59,149$52,128$45,866$33,783
13 years$69,189$60,545$52,846$46,021$39,996$28,578
14 years$63,586$55,034$47,482$40,852$35,061$24,286
15 years$58,735$50,274$42,870$36,433$30,870$20,718
16 years$54,494$46,126$38,868$32,622$27,283$17,729
17 years$50,755$42,480$35,369$29,310$24,191$15,213
18 years$47,436$39,254$32,287$26,415$21,510$13,083
19 years$44,470$36,380$29,557$23,868$19,172$11,272
20 years$41,804$33,806$27,126$21,617$17,125$9,728
21 years$39,395$31,489$24,951$19,619$15,325$8,407
22 years$37,207$29,394$22,996$17,838$13,736$7,274
23 years$35,213$27,491$21,233$16,245$12,331$6,301
24 years$33,388$25,758$19,637$14,817$11,083$5,462
25 years$31,711$24,172$18,187$13,531$9,973$4,738
26 years$30,166$22,718$16,868$12,372$8,983$4,113
27 years$28,738$21,380$15,663$11,325$8,099$3,573
28 years$27,414$20,147$14,561$10,376$7,308$3,105
29 years$26,184$19,006$13,550$9,515$6,599$2,699
30 years$25,037$17,949$12,622$8,732$5,963$2,348
31 years$23,967$16,968$11,767$8,020$5,391$2,043
32 years$22,966$16,055$10,979$7,371$4,876$1,777
33 years$22,027$15,204$10,251$6,778$4,413$1,547
34 years$21,146$14,410$9,578$6,236$3,996$1,347
35 years$20,317$13,668$8,955$5,741$3,619$1,173
36 years$19,535$12,973$8,377$5,287$3,279$1,022
37 years$18,798$12,321$7,841$4,871$2,972$890
38 years$18,101$11,710$7,342$4,490$2,694$775
39 years$17,441$11,135$6,879$4,140$2,443$675
40 years$16,816$10,594$6,448$3,819$2,216$588
41 years$16,223$10,084$6,046$3,523$2,010$513
42 years$15,660$9,604$5,671$3,251$1,824$447
43 years$15,124$9,151$5,322$3,001$1,656$389
44 years$14,614$8,722$4,995$2,771$1,503$339
45 years$14,128$8,318$4,690$2,559$1,364$296
46 years$13,665$7,935$4,405$2,364$1,239$258
47 years$13,223$7,572$4,139$2,184$1,125$225
48 years$12,800$7,229$3,889$2,018$1,022$196
49 years$12,396$6,903$3,656$1,865$928$171
50 years$12,009$6,594$3,437$1,724$843$149

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $12,300,000, adding $3,638 every year, while hoping to spend $56,728 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: 70/14/16 Blend
39$12,300,000$12,300,000$12,300,000$12,300,000
40$13,558,353$12,906,453$12,715,803$14,456,726
41$14,880,946$13,478,511$13,081,424$15,626,808
42$16,336,544$14,076,698$13,457,392$16,899,834
43$17,938,650$14,702,236$13,843,994$18,291,658
44$19,702,149$15,356,402$14,241,524$19,813,997
45$21,643,438$16,040,535$14,650,285$21,479,746
46$23,780,586$16,756,039$15,070,587$23,303,102
47$26,133,503$17,504,382$15,502,749$25,299,692
48$28,724,127$18,287,104$15,947,098$27,486,719
49$31,576,633$19,105,817$16,403,971$29,883,124
50$34,717,658$19,962,210$16,873,712$32,509,761
51$38,176,554$20,858,052$17,356,676$35,389,589
52$41,985,664$21,795,199$17,853,226$38,547,893
53$46,180,629$22,775,591$18,363,737$42,012,511
54$50,800,723$23,801,265$18,888,591$45,814,102
55$55,889,220$24,874,350$19,428,183$49,986,427
56$61,493,810$25,997,082$19,982,916$54,566,668
57$67,667,039$27,171,800$20,553,205$59,595,773
58$74,466,816$28,400,957$21,139,475$65,118,841
59$81,956,948$29,687,121$21,742,165$71,185,545
60$90,207,751$31,032,984$22,361,722$77,850,596
61$99,296,709$32,441,368$22,998,607$85,174,255
62$109,309,205$33,915,226$23,653,291$93,222,899
63$120,339,328$35,457,657$24,326,262$102,069,646
64$132,490,763$37,071,906$25,018,015$111,795,034
65$145,877,764$38,761,373$25,729,062$122,487,785
66$160,626,237$40,529,621$26,459,926$134,245,632
67$176,874,926$42,380,385$27,211,146$147,176,241
68$194,776,723$44,317,578$27,983,274$161,398,218
69$214,500,110$46,345,301$28,776,876$177,042,228
70$236,230,753$48,467,852$29,592,532$194,252,219
71$260,173,247$50,689,734$30,430,839$213,186,778
72$286,553,054$53,015,667$31,292,408$234,020,620
73$315,618,629$55,450,598$32,177,868$256,946,234
74$347,643,764$57,999,712$33,087,860$282,175,691
75$382,930,171$60,668,441$34,023,047$309,942,640
76$421,810,334$63,462,481$34,984,105$340,504,507
77$464,650,645$66,387,798$35,971,729$374,144,919
78$511,854,860$69,450,650$36,986,631$411,176,371
79$563,867,915$72,657,592$38,029,543$451,943,170
80$621,180,124$76,015,495$39,101,214$496,824,678
81$684,331,805$79,531,562$40,202,413$546,238,881
82$753,918,383$83,213,343$41,333,928$600,646,331
83$830,596,012$87,068,751$42,496,569$660,554,481
84$915,087,764$91,106,079$43,691,163$726,522,463
85$1,008,190,461$95,334,021$44,918,561$799,166,365
86$1,110,782,190$99,761,690$46,179,635$879,165,026
87$1,223,830,599$104,398,639$47,475,279$967,266,440
88$1,348,402,028$109,254,880$48,806,408$1,064,294,806
89$1,485,671,575$114,340,909$50,173,963$1,171,158,290
90$1,636,934,190$119,667,728$51,578,905$1,288,857,594
91$1,803,616,902$125,246,872$53,022,223$1,418,495,385
92$1,987,292,286$131,090,429$54,504,928$1,561,286,691
93$2,189,693,313$137,211,073$56,028,057$1,718,570,359
94$2,412,729,708$143,622,092$57,592,673$1,891,821,678
95$2,658,505,976$150,337,413$59,199,865$2,082,666,291
96$2,929,341,275$157,371,635$60,850,751$2,292,895,526
97$3,227,791,307$164,740,068$62,546,473$2,524,483,288
98$3,556,672,445$172,458,755$64,288,204$2,779,604,680
99$3,919,088,321$180,544,521$66,077,146$3,060,656,513
100$4,318,459,128$189,015,001$67,914,528$3,370,279,919