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%18.2%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$979,123
2 years$519,185$509,516$500,145$491,059$482,246$448,727
3 years$342,685$332,974$323,627$314,626$305,956$273,565
4 years$254,453$244,771$235,517$226,670$218,211$187,194
5 years$201,527$191,904$182,771$174,105$165,880$136,321
6 years$166,255$156,704$147,706$139,233$131,255$103,178
7 years$141,070$131,600$122,745$114,471$106,746$80,146
8 years$122,190$112,805$104,097$96,027$88,556$63,414
9 years$107,513$98,217$89,659$81,794$74,577$50,862
10 years$95,779$86,574$78,167$70,507$63,543$41,219
11 years$86,184$77,071$68,817$61,362$54,649$33,673
12 years$78,195$69,175$61,073$53,823$47,358$27,683
13 years$71,439$62,514$54,565$47,517$41,297$22,873
14 years$65,654$56,824$49,027$42,181$36,201$18,976
15 years$60,645$51,909$44,264$37,618$31,874$15,795
16 years$56,266$47,626$40,132$33,683$28,170$13,183
17 years$52,406$43,862$36,519$30,264$24,978$11,028
18 years$48,979$40,530$33,337$27,274$22,209$9,242
19 years$45,916$37,563$30,518$24,644$19,795$7,757
20 years$43,163$34,905$28,008$22,320$17,682$6,519
21 years$40,676$32,513$25,762$20,257$15,823$5,484
22 years$38,417$30,350$23,744$18,418$14,183$4,618
23 years$36,358$28,385$21,923$16,774$12,732$3,891
24 years$34,474$26,595$20,275$15,299$11,443$3,281
25 years$32,743$24,958$18,779$13,972$10,297$2,768
26 years$31,147$23,457$17,417$12,775$9,276$2,336
27 years$29,672$22,076$16,173$11,693$8,363$1,973
28 years$28,306$20,802$15,035$10,713$7,546$1,666
29 years$27,035$19,624$13,991$9,824$6,814$1,407
30 years$25,852$18,533$13,032$9,016$6,157$1,189
31 years$24,747$17,520$12,150$8,281$5,566$1,005
32 years$23,713$16,577$11,336$7,610$5,035$850
33 years$22,744$15,699$10,584$6,998$4,557$718
34 years$21,834$14,879$9,889$6,439$4,126$607
35 years$20,977$14,112$9,246$5,927$3,737$514
36 years$20,171$13,395$8,649$5,459$3,386$434
37 years$19,409$12,722$8,095$5,030$3,068$367
38 years$18,689$12,090$7,581$4,636$2,782$311
39 years$18,008$11,497$7,103$4,275$2,523$263
40 years$17,363$10,938$6,657$3,943$2,288$222
41 years$16,751$10,412$6,242$3,638$2,076$188
42 years$16,169$9,916$5,856$3,357$1,884$159
43 years$15,616$9,448$5,495$3,099$1,710$134
44 years$15,089$9,006$5,158$2,861$1,552$114
45 years$14,588$8,588$4,843$2,643$1,409$96
46 years$14,109$8,193$4,549$2,441$1,279$81
47 years$13,653$7,818$4,273$2,255$1,161$69
48 years$13,216$7,464$4,016$2,084$1,055$58
49 years$12,799$7,127$3,775$1,926$958$49
50 years$12,400$6,808$3,549$1,780$870$42

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 $4,896 every year, while hoping to spend $55,480 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: 46/47/7 Blend
39$12,700,000$12,700,000$12,700,000$12,700,000
40$14,000,450$13,327,350$13,130,500$14,617,453
41$15,369,466$13,921,360$13,511,342$15,636,483
42$16,876,262$14,542,617$13,903,082$16,735,081
43$18,534,833$15,192,397$14,306,027$17,925,495
44$20,360,599$15,872,039$14,720,493$19,216,224
45$22,370,553$16,582,942$15,146,803$20,616,595
46$24,583,418$17,326,574$15,585,288$22,136,848
47$27,019,823$18,104,472$16,036,292$23,788,223
48$29,702,502$18,918,248$16,500,165$25,583,063
49$32,656,504$19,769,589$16,977,267$27,534,925
50$35,909,430$20,660,263$17,467,969$29,658,700
51$39,491,698$21,592,121$17,972,651$31,970,745
52$43,436,820$22,567,104$18,491,705$34,489,038
53$47,781,730$23,587,247$19,025,531$37,233,329
54$52,567,123$24,654,678$19,574,543$40,225,329
55$57,837,844$25,771,631$20,139,164$43,488,903
56$63,643,307$26,940,444$20,719,829$47,050,284
57$70,037,966$28,163,568$21,316,985$50,938,317
58$77,081,827$29,443,571$21,931,092$55,184,719
59$84,841,011$30,783,144$22,562,621$59,824,370
60$93,388,382$32,185,106$23,212,057$64,895,631
61$102,804,233$33,652,412$23,879,897$70,440,697
62$113,177,043$35,188,159$24,566,652$76,505,985
63$124,604,314$36,795,591$25,272,847$83,142,556
64$137,193,487$38,478,108$25,999,021$90,406,592
65$151,062,961$40,239,274$26,745,727$98,359,909
66$166,343,208$42,082,822$27,513,533$107,070,526
67$183,178,002$44,012,667$28,303,023$116,613,299
68$201,725,780$46,032,910$29,114,796$127,070,607
69$222,161,136$48,147,849$29,949,468$138,533,121
70$244,676,466$50,361,988$30,807,670$151,100,637
71$269,483,790$52,680,050$31,690,051$164,883,005
72$296,816,746$55,106,982$32,597,277$180,001,152
73$326,932,800$57,647,970$33,530,032$196,588,197
74$360,115,675$60,308,450$34,489,018$214,790,697
75$396,678,029$63,094,119$35,474,955$234,770,005
76$436,964,405$66,010,948$36,488,583$256,703,776
77$481,354,486$69,065,196$37,530,662$280,787,620
78$530,266,677$72,263,424$38,601,972$307,236,924
79$584,162,053$75,612,506$39,703,313$336,288,866
80$643,548,714$79,119,651$40,835,506$368,204,625
81$708,986,582$82,792,413$41,999,395$403,271,824
82$781,092,684$86,638,712$43,195,845$441,807,211
83$860,546,976$90,666,847$44,425,745$484,159,629
84$948,098,766$94,885,521$45,690,005$530,713,273
85$1,044,573,782$99,303,853$46,989,562$581,891,285
86$1,150,881,971$103,931,406$48,325,376$638,159,720
87$1,268,026,089$108,778,201$49,698,432$700,031,908
88$1,397,111,162$113,854,745$51,109,742$768,073,262
89$1,539,354,924$119,172,051$52,560,342$842,906,583
90$1,696,099,310$124,741,666$54,051,298$925,217,893
91$1,868,823,125$130,575,692$55,583,701$1,015,762,876
92$2,059,156,002$136,686,819$57,158,673$1,115,373,962
93$2,268,893,789$143,088,349$58,777,364$1,224,968,145
94$2,500,015,503$149,794,225$60,440,953$1,345,555,589
95$2,754,702,010$156,819,067$62,150,650$1,478,249,114
96$3,035,356,615$164,178,202$63,907,697$1,624,274,652
97$3,344,627,753$171,887,697$65,713,368$1,784,982,761
98$3,685,433,987$179,964,397$67,568,969$1,961,861,320
99$4,060,991,564$188,425,963$69,475,840$2,156,549,512
100$4,474,844,778$197,290,910$71,435,355$2,370,853,242