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%17.6%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$950,565
2 years$502,833$493,468$484,392$475,592$467,057$436,840
3 years$331,892$322,487$313,434$304,717$296,320$267,089
4 years$246,438$237,062$228,100$219,531$211,338$183,317
5 years$195,180$185,859$177,015$168,621$160,656$133,920
6 years$161,018$151,768$143,054$134,848$127,121$101,695
7 years$136,627$127,455$118,879$110,866$103,384$79,264
8 years$118,342$109,252$100,818$93,002$85,767$62,939
9 years$104,127$95,124$86,835$79,217$72,228$50,667
10 years$92,762$83,847$75,705$68,286$61,542$41,216
11 years$83,470$74,644$66,649$59,429$52,928$33,801
12 years$75,732$66,996$59,149$52,128$45,866$27,899
13 years$69,189$60,545$52,846$46,021$39,996$23,146
14 years$63,586$55,034$47,482$40,852$35,061$19,283
15 years$58,735$50,274$42,870$36,433$30,870$16,119
16 years$54,494$46,126$38,868$32,622$27,283$13,512
17 years$50,755$42,480$35,369$29,310$24,191$11,352
18 years$47,436$39,254$32,287$26,415$21,510$9,556
19 years$44,470$36,380$29,557$23,868$19,172$8,057
20 years$41,804$33,806$27,126$21,617$17,125$6,802
21 years$39,395$31,489$24,951$19,619$15,325$5,749
22 years$37,207$29,394$22,996$17,838$13,736$4,864
23 years$35,213$27,491$21,233$16,245$12,331$4,118
24 years$33,388$25,758$19,637$14,817$11,083$3,489
25 years$31,711$24,172$18,187$13,531$9,973$2,957
26 years$30,166$22,718$16,868$12,372$8,983$2,508
27 years$28,738$21,380$15,663$11,325$8,099$2,128
28 years$27,414$20,147$14,561$10,376$7,308$1,806
29 years$26,184$19,006$13,550$9,515$6,599$1,533
30 years$25,037$17,949$12,622$8,732$5,963$1,302
31 years$23,967$16,968$11,767$8,020$5,391$1,106
32 years$22,966$16,055$10,979$7,371$4,876$939
33 years$22,027$15,204$10,251$6,778$4,413$798
34 years$21,146$14,410$9,578$6,236$3,996$678
35 years$20,317$13,668$8,955$5,741$3,619$576
36 years$19,535$12,973$8,377$5,287$3,279$490
37 years$18,798$12,321$7,841$4,871$2,972$416
38 years$18,101$11,710$7,342$4,490$2,694$354
39 years$17,441$11,135$6,879$4,140$2,443$301
40 years$16,816$10,594$6,448$3,819$2,216$256
41 years$16,223$10,084$6,046$3,523$2,010$217
42 years$15,660$9,604$5,671$3,251$1,824$185
43 years$15,124$9,151$5,322$3,001$1,656$157
44 years$14,614$8,722$4,995$2,771$1,503$134
45 years$14,128$8,318$4,690$2,559$1,364$114
46 years$13,665$7,935$4,405$2,364$1,239$97
47 years$13,223$7,572$4,139$2,184$1,125$82
48 years$12,800$7,229$3,889$2,018$1,022$70
49 years$12,396$6,903$3,656$1,865$928$59
50 years$12,009$6,594$3,437$1,724$843$50

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 $3,946 every year, while hoping to spend $45,717 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: 58/16/26 Blend
39$12,300,000$12,300,000$12,300,000$12,300,000
40$13,558,670$12,906,770$12,716,120$14,249,073
41$14,893,012$13,490,560$13,093,468$15,305,302
42$16,361,925$14,101,422$13,481,924$16,451,197
43$17,979,086$14,740,637$13,881,813$17,699,681
44$19,759,567$15,409,542$14,293,469$19,060,702
45$21,719,975$16,109,543$14,717,233$20,545,202
46$23,878,611$16,842,108$15,153,458$22,165,219
47$26,255,638$17,608,780$15,602,508$23,933,997
48$28,873,277$18,411,174$16,064,755$25,866,111
49$31,756,010$19,250,981$16,540,584$27,977,596
50$34,930,819$20,129,975$17,030,389$30,286,102
51$38,427,433$21,050,014$17,534,578$32,811,051
52$42,278,612$22,013,046$18,053,567$35,573,821
53$46,520,456$23,021,110$18,587,787$38,597,945
54$51,192,745$24,076,347$19,137,680$41,909,327
55$56,339,315$25,180,998$19,703,702$45,536,482
56$62,008,469$26,337,411$20,286,320$49,510,805
57$68,253,437$27,548,048$20,886,016$53,866,861
58$75,132,875$28,815,490$21,503,285$58,642,707
59$82,711,420$30,142,440$22,138,637$63,880,247
60$91,060,298$31,531,734$22,792,595$69,625,623
61$100,258,000$32,986,340$23,465,698$75,929,646
62$110,391,019$34,509,373$24,158,501$82,848,271
63$121,554,666$36,104,096$24,871,575$90,443,119
64$133,853,974$37,773,929$25,605,505$98,782,053
65$147,404,685$39,522,457$26,360,894$107,939,816
66$162,334,343$41,353,437$27,138,364$117,998,726
67$178,783,498$43,270,808$27,938,552$129,049,450
68$196,907,036$45,278,699$28,762,115$141,191,854
69$216,875,635$47,381,436$29,609,726$154,535,937
70$238,877,379$49,583,556$30,482,082$169,202,863
71$263,119,535$51,889,813$31,379,895$185,326,098
72$289,830,506$54,305,192$32,303,899$203,052,662
73$319,261,988$56,834,917$33,254,850$222,544,511
74$351,691,347$59,484,465$34,233,524$243,980,053
75$387,424,237$62,259,576$35,240,720$267,555,828
76$426,797,484$65,166,270$36,277,259$293,488,353
77$470,182,265$68,210,855$37,343,985$322,016,156
78$517,987,614$71,399,945$38,441,766$353,402,019
79$570,664,281$74,740,473$39,571,496$387,935,447
80$628,708,990$78,239,708$40,734,093$425,935,393
81$692,669,123$81,905,269$41,930,501$467,753,255
82$763,147,891$85,745,145$43,161,690$513,776,183
83$840,810,029$89,767,711$44,428,660$564,430,724
84$926,388,068$93,981,745$45,732,437$620,186,832
85$1,020,689,253$98,396,452$47,074,075$681,562,294
86$1,124,603,162$103,021,483$48,454,661$749,127,604
87$1,239,110,102$107,866,954$49,875,311$823,511,335
88$1,365,290,369$112,943,471$51,337,170$905,406,056
89$1,504,334,441$118,262,155$52,841,420$995,574,858
90$1,657,554,219$123,834,666$54,389,272$1,094,858,539
91$1,826,395,410$129,673,225$55,981,973$1,204,183,524
92$2,012,451,179$135,790,650$57,620,806$1,324,570,595
93$2,217,477,184$142,200,377$59,307,089$1,457,144,511
94$2,443,408,156$148,916,494$61,042,175$1,603,144,600
95$2,692,376,158$155,953,773$62,827,458$1,763,936,449
96$2,966,730,717$163,327,699$64,664,369$1,941,024,765
97$3,269,061,006$171,054,512$66,554,381$2,136,067,565
98$3,602,220,283$179,151,238$68,499,007$2,350,891,801
99$3,969,352,830$187,635,727$70,499,802$2,587,510,590
100$4,373,923,639$196,526,697$72,558,365$2,848,142,186