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%15.6%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$958,276
2 years$502,833$493,468$484,392$475,592$467,057$444,469
3 years$331,892$322,487$313,434$304,717$296,320$274,394
4 years$246,438$237,062$228,100$219,531$211,338$190,242
5 years$195,180$185,859$177,015$168,621$160,656$140,449
6 years$161,018$151,768$143,054$134,848$127,121$107,825
7 years$136,627$127,455$118,879$110,866$103,384$85,001
8 years$118,342$109,252$100,818$93,002$85,767$68,290
9 years$104,127$95,124$86,835$79,217$72,228$55,644
10 years$92,762$83,847$75,705$68,286$61,542$45,833
11 years$83,470$74,644$66,649$59,429$52,928$38,073
12 years$75,732$66,996$59,149$52,128$45,866$31,840
13 years$69,189$60,545$52,846$46,021$39,996$26,774
14 years$63,586$55,034$47,482$40,852$35,061$22,614
15 years$58,735$50,274$42,870$36,433$30,870$19,171
16 years$54,494$46,126$38,868$32,622$27,283$16,302
17 years$50,755$42,480$35,369$29,310$24,191$13,898
18 years$47,436$39,254$32,287$26,415$21,510$11,873
19 years$44,470$36,380$29,557$23,868$19,172$10,162
20 years$41,804$33,806$27,126$21,617$17,125$8,711
21 years$39,395$31,489$24,951$19,619$15,325$7,476
22 years$37,207$29,394$22,996$17,838$13,736$6,424
23 years$35,213$27,491$21,233$16,245$12,331$5,525
24 years$33,388$25,758$19,637$14,817$11,083$4,756
25 years$31,711$24,172$18,187$13,531$9,973$4,096
26 years$30,166$22,718$16,868$12,372$8,983$3,531
27 years$28,738$21,380$15,663$11,325$8,099$3,044
28 years$27,414$20,147$14,561$10,376$7,308$2,626
29 years$26,184$19,006$13,550$9,515$6,599$2,267
30 years$25,037$17,949$12,622$8,732$5,963$1,957
31 years$23,967$16,968$11,767$8,020$5,391$1,690
32 years$22,966$16,055$10,979$7,371$4,876$1,459
33 years$22,027$15,204$10,251$6,778$4,413$1,261
34 years$21,146$14,410$9,578$6,236$3,996$1,089
35 years$20,317$13,668$8,955$5,741$3,619$941
36 years$19,535$12,973$8,377$5,287$3,279$814
37 years$18,798$12,321$7,841$4,871$2,972$703
38 years$18,101$11,710$7,342$4,490$2,694$608
39 years$17,441$11,135$6,879$4,140$2,443$526
40 years$16,816$10,594$6,448$3,819$2,216$455
41 years$16,223$10,084$6,046$3,523$2,010$393
42 years$15,660$9,604$5,671$3,251$1,824$340
43 years$15,124$9,151$5,322$3,001$1,656$294
44 years$14,614$8,722$4,995$2,771$1,503$254
45 years$14,128$8,318$4,690$2,559$1,364$220
46 years$13,665$7,935$4,405$2,364$1,239$190
47 years$13,223$7,572$4,139$2,184$1,125$164
48 years$12,800$7,229$3,889$2,018$1,022$142
49 years$12,396$6,903$3,656$1,865$928$123
50 years$12,009$6,594$3,437$1,724$843$106

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 $5,953 every year, while hoping to spend $42,920 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: 49/36/15 Blend
39$12,300,000$12,300,000$12,300,000$12,300,000
40$13,560,741$12,908,841$12,718,191$14,168,615
41$14,898,270$13,495,707$13,098,583$15,175,212
42$16,370,788$14,109,892$13,490,281$16,263,110
43$17,992,019$14,752,688$13,893,616$17,443,923
44$19,777,086$15,425,450$14,308,933$18,726,381
45$21,742,651$16,129,599$14,736,584$20,120,073
46$23,907,074$16,866,622$15,176,933$21,635,531
47$26,290,590$17,638,081$15,630,354$23,284,329
48$28,915,491$18,445,607$16,097,232$25,079,181
49$31,806,344$19,290,916$16,577,963$27,034,061
50$34,990,221$20,175,801$17,072,954$29,164,329
51$38,496,952$21,102,143$17,582,627$31,486,868
52$42,359,408$22,071,915$18,107,411$34,020,239
53$46,613,811$23,087,182$18,647,753$36,784,850
54$51,300,076$24,150,110$19,204,109$39,803,145
55$56,462,187$25,262,969$19,776,950$43,099,803
56$62,148,613$26,428,138$20,366,761$46,701,970
57$68,412,764$27,648,109$20,974,040$50,639,506
58$75,313,496$28,925,496$21,599,300$54,945,258
59$82,915,665$30,263,037$22,243,069$59,655,363
60$91,290,741$31,663,605$22,905,890$64,809,584
61$100,517,482$33,130,206$23,588,322$70,451,669
62$110,682,675$34,665,997$24,290,942$76,629,764
63$121,881,960$36,274,282$25,014,340$83,396,852
64$134,220,725$37,958,528$25,759,126$90,811,244
65$147,815,109$39,722,365$26,525,926$98,937,122
66$162,793,092$41,569,603$27,315,386$107,845,130
67$179,295,705$43,504,232$28,128,170$117,613,033
68$197,478,364$45,530,435$28,964,960$128,326,438
69$217,512,330$47,652,600$29,826,459$140,079,588
70$239,586,332$49,875,322$30,713,391$152,976,242
71$263,908,347$52,203,422$31,626,498$167,130,639
72$290,707,560$54,641,951$32,566,547$182,668,560
73$320,236,530$57,196,206$33,534,326$199,728,505
74$352,773,575$59,871,738$34,530,644$218,462,983
75$388,625,395$62,674,369$35,556,336$239,039,933
76$428,129,971$65,610,199$36,612,259$261,644,295
77$471,659,755$68,685,625$37,699,297$286,479,739
78$519,625,183$71,907,354$38,818,357$313,770,567
79$572,478,554$75,282,417$39,970,373$343,763,809
80$630,718,293$78,818,182$41,156,308$376,731,539
81$694,893,664$82,522,378$42,377,150$412,973,420
82$765,609,950$86,403,106$43,633,916$452,819,509
83$843,534,166$90,468,860$44,927,653$496,633,353
84$929,401,360$94,728,543$46,259,439$544,815,392
85$1,024,021,550$99,191,493$47,630,381$597,806,717
86$1,128,287,368$103,867,496$49,041,619$656,093,205
87$1,243,182,491$108,766,815$50,494,325$720,210,081
88$1,369,790,927$113,900,211$51,989,706$790,746,936
89$1,509,307,243$119,278,962$53,529,003$868,353,266
90$1,663,047,849$124,914,899$55,113,492$953,744,572
91$1,832,463,422$130,820,421$56,744,486$1,047,709,077
92$2,019,152,601$137,008,532$58,423,336$1,151,115,135
93$2,224,877,080$143,492,864$60,151,432$1,264,919,388
94$2,451,578,240$150,287,712$61,930,203$1,390,175,766
95$2,701,395,475$157,408,065$63,761,119$1,528,045,384
96$2,976,686,390$164,869,636$65,645,693$1,679,807,474
97$3,280,049,058$172,688,905$67,585,480$1,846,871,408
98$3,614,346,550$180,883,149$69,582,081$2,030,789,958
99$3,982,733,958$189,470,483$71,637,142$2,233,273,910
100$4,388,688,191$198,469,906$73,752,354$2,456,208,160