Can I retire at age 40 with 12,700,000?

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$995,120
2 years$519,185$509,516$500,145$491,059$482,246$464,575
3 years$342,685$332,974$323,627$314,626$305,956$288,762
4 years$254,453$244,771$235,517$226,670$218,211$201,624
5 years$201,527$191,904$182,771$174,105$165,880$149,950
6 years$166,255$156,704$147,706$139,233$131,255$115,999
7 years$141,070$131,600$122,745$114,471$106,746$92,167
8 years$122,190$112,805$104,097$96,027$88,556$74,652
9 years$107,513$98,217$89,659$81,794$74,577$61,340
10 years$95,779$86,574$78,167$70,507$63,543$50,962
11 years$86,184$77,071$68,817$61,362$54,649$42,710
12 years$78,195$69,175$61,073$53,823$47,358$36,045
13 years$71,439$62,514$54,565$47,517$41,297$30,593
14 years$65,654$56,824$49,027$42,181$36,201$26,086
15 years$60,645$51,909$44,264$37,618$31,874$22,330
16 years$56,266$47,626$40,132$33,683$28,170$19,177
17 years$52,406$43,862$36,519$30,264$24,978$16,514
18 years$48,979$40,530$33,337$27,274$22,209$14,253
19 years$45,916$37,563$30,518$24,644$19,795$12,326
20 years$43,163$34,905$28,008$22,320$17,682$10,678
21 years$40,676$32,513$25,762$20,257$15,823$9,263
22 years$38,417$30,350$23,744$18,418$14,183$8,046
23 years$36,358$28,385$21,923$16,774$12,732$6,996
24 years$34,474$26,595$20,275$15,299$11,443$6,088
25 years$32,743$24,958$18,779$13,972$10,297$5,303
26 years$31,147$23,457$17,417$12,775$9,276$4,622
27 years$29,672$22,076$16,173$11,693$8,363$4,031
28 years$28,306$20,802$15,035$10,713$7,546$3,517
29 years$27,035$19,624$13,991$9,824$6,814$3,070
30 years$25,852$18,533$13,032$9,016$6,157$2,681
31 years$24,747$17,520$12,150$8,281$5,566$2,342
32 years$23,713$16,577$11,336$7,610$5,035$2,047
33 years$22,744$15,699$10,584$6,998$4,557$1,789
34 years$21,834$14,879$9,889$6,439$4,126$1,564
35 years$20,977$14,112$9,246$5,927$3,737$1,368
36 years$20,171$13,395$8,649$5,459$3,386$1,196
37 years$19,409$12,722$8,095$5,030$3,068$1,046
38 years$18,689$12,090$7,581$4,636$2,782$915
39 years$18,008$11,497$7,103$4,275$2,523$801
40 years$17,363$10,938$6,657$3,943$2,288$701
41 years$16,751$10,412$6,242$3,638$2,076$613
42 years$16,169$9,916$5,856$3,357$1,884$537
43 years$15,616$9,448$5,495$3,099$1,710$470
44 years$15,089$9,006$5,158$2,861$1,552$411
45 years$14,588$8,588$4,843$2,643$1,409$360
46 years$14,109$8,193$4,549$2,441$1,279$315
47 years$13,653$7,818$4,273$2,255$1,161$276
48 years$13,216$7,464$4,016$2,084$1,055$242
49 years$12,799$7,127$3,775$1,926$958$211
50 years$12,400$6,808$3,549$1,780$870$185

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $12,700,000, adding $4,839 every year, while hoping to spend $24,058 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: 65/8/27 Blend
39$12,700,000$12,700,000$12,700,000$12,700,000
40$14,000,391$13,327,291$13,130,441$14,810,495
41$15,402,834$13,954,731$13,544,714$15,985,745
42$16,947,519$14,612,109$13,972,058$17,266,682
43$18,648,930$15,300,867$14,412,886$18,666,280
44$20,523,028$16,022,516$14,867,624$20,196,217
45$22,587,398$16,778,641$15,336,711$21,869,346
46$24,861,422$17,570,903$15,820,600$23,699,815
47$27,366,454$18,401,044$16,319,757$25,703,197
48$30,126,028$19,270,891$16,834,665$27,896,637
49$33,166,077$20,182,359$17,365,820$30,299,010
50$36,515,178$21,137,456$17,913,736$32,931,098
51$40,204,820$22,138,286$18,478,941$35,815,781
52$44,269,707$23,187,057$19,061,981$38,978,254
53$48,748,079$24,286,084$19,663,418$42,446,259
54$53,682,074$25,437,793$20,283,834$46,250,348
55$59,118,130$26,644,730$20,923,827$50,424,164
56$65,107,419$27,909,561$21,584,015$55,004,757
57$71,706,332$29,235,085$22,265,035$60,032,933
58$78,977,009$30,624,236$22,967,545$65,553,634
59$86,987,929$32,080,089$23,692,224$71,616,357
60$95,814,554$33,605,870$24,439,769$78,275,623
61$105,540,041$35,204,960$25,210,904$85,591,481
62$116,256,029$36,880,906$26,006,373$93,630,079
63$128,063,500$38,637,427$26,826,943$102,464,277
64$141,073,739$40,478,423$27,673,407$112,174,335
65$155,409,377$42,407,982$28,546,582$122,848,666
66$171,205,552$44,430,391$29,447,312$134,584,666
67$188,611,186$46,550,149$30,376,464$147,489,626
68$207,790,389$48,771,968$31,334,938$161,681,744
69$228,924,007$51,100,793$32,323,657$177,291,235
70$252,211,334$53,541,810$33,343,577$194,461,553
71$277,871,985$56,100,454$34,395,683$213,350,741
72$306,147,979$58,782,427$35,480,989$234,132,918
73$337,306,014$61,593,708$36,600,544$256,999,915
74$371,639,995$64,540,566$37,755,429$282,163,083
75$409,473,797$67,629,577$38,946,759$309,855,278
76$451,164,333$70,867,635$40,175,684$340,333,055
77$497,104,916$74,261,970$41,443,390$373,879,083
78$547,728,975$77,820,165$42,751,102$410,804,807
79$603,514,149$81,550,171$44,100,082$451,453,376
80$664,986,790$85,460,327$45,491,633$496,202,882
81$732,726,938$89,559,378$46,927,098$545,469,916
82$807,373,793$93,856,495$48,407,863$599,713,493
83$889,631,751$98,361,295$49,935,358$659,439,379
84$980,277,055$103,083,863$51,511,057$725,204,854
85$1,080,165,120$108,034,778$53,136,483$797,623,966
86$1,190,238,611$113,225,131$54,813,204$877,373,313
87$1,311,536,343$118,666,557$56,542,841$965,198,427
88$1,445,203,086$124,371,254$58,327,061$1,061,920,797
89$1,592,500,373$130,352,017$60,167,590$1,168,445,614
90$1,754,818,409$136,622,264$62,066,203$1,285,770,305
91$1,933,689,200$143,196,069$64,024,734$1,414,993,936
92$2,130,801,010$150,088,188$66,045,074$1,557,327,580
93$2,348,014,304$157,314,099$68,129,174$1,714,105,729
94$2,587,379,308$164,890,035$70,279,047$1,886,798,886
95$2,851,155,370$172,833,020$72,496,768$2,077,027,429
96$3,141,832,287$181,160,907$74,784,479$2,286,576,897
97$3,462,153,811$189,892,422$77,144,389$2,517,414,825
98$3,815,143,550$199,047,201$79,578,777$2,771,709,311
99$4,204,133,520$208,645,841$82,089,993$3,051,849,461
100$4,632,795,594$218,709,943$84,680,463$3,360,467,928