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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.2%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$991,053
2 years$519,185$509,516$500,145$491,059$482,246$460,527
3 years$342,685$332,974$323,627$314,626$305,956$284,859
4 years$254,453$244,771$235,517$226,670$218,211$197,897
5 years$201,527$191,904$182,771$174,105$165,880$146,408
6 years$166,255$156,704$147,706$139,233$131,255$112,645
7 years$141,070$131,600$122,745$114,471$106,746$89,001
8 years$122,190$112,805$104,097$96,027$88,556$71,670
9 years$107,513$98,217$89,659$81,794$74,577$58,539
10 years$95,779$86,574$78,167$70,507$63,543$48,337
11 years$86,184$77,071$68,817$61,362$54,649$40,255
12 years$78,195$69,175$61,073$53,823$47,358$33,753
13 years$71,439$62,514$54,565$47,517$41,297$28,458
14 years$65,654$56,824$49,027$42,181$36,201$24,103
15 years$60,645$51,909$44,264$37,618$31,874$20,490
16 years$56,266$47,626$40,132$33,683$28,170$17,473
17 years$52,406$43,862$36,519$30,264$24,978$14,939
18 years$48,979$40,530$33,337$27,274$22,209$12,800
19 years$45,916$37,563$30,518$24,644$19,795$10,988
20 years$43,163$34,905$28,008$22,320$17,682$9,447
21 years$40,676$32,513$25,762$20,257$15,823$8,133
22 years$38,417$30,350$23,744$18,418$14,183$7,010
23 years$36,358$28,385$21,923$16,774$12,732$6,048
24 years$34,474$26,595$20,275$15,299$11,443$5,223
25 years$32,743$24,958$18,779$13,972$10,297$4,513
26 years$31,147$23,457$17,417$12,775$9,276$3,902
27 years$29,672$22,076$16,173$11,693$8,363$3,376
28 years$28,306$20,802$15,035$10,713$7,546$2,922
29 years$27,035$19,624$13,991$9,824$6,814$2,530
30 years$25,852$18,533$13,032$9,016$6,157$2,191
31 years$24,747$17,520$12,150$8,281$5,566$1,898
32 years$23,713$16,577$11,336$7,610$5,035$1,645
33 years$22,744$15,699$10,584$6,998$4,557$1,426
34 years$21,834$14,879$9,889$6,439$4,126$1,236
35 years$20,977$14,112$9,246$5,927$3,737$1,072
36 years$20,171$13,395$8,649$5,459$3,386$930
37 years$19,409$12,722$8,095$5,030$3,068$806
38 years$18,689$12,090$7,581$4,636$2,782$699
39 years$18,008$11,497$7,103$4,275$2,523$607
40 years$17,363$10,938$6,657$3,943$2,288$526
41 years$16,751$10,412$6,242$3,638$2,076$457
42 years$16,169$9,916$5,856$3,357$1,884$396
43 years$15,616$9,448$5,495$3,099$1,710$344
44 years$15,089$9,006$5,158$2,861$1,552$298
45 years$14,588$8,588$4,843$2,643$1,409$259
46 years$14,109$8,193$4,549$2,441$1,279$225
47 years$13,653$7,818$4,273$2,255$1,161$195
48 years$13,216$7,464$4,016$2,084$1,055$169
49 years$12,799$7,127$3,775$1,926$958$147
50 years$12,400$6,808$3,549$1,780$870$128

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 $4,144 every year, while hoping to spend $35,191 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: 32/47/21 Blend
39$12,700,000$12,700,000$12,700,000$12,700,000
40$13,999,675$13,326,575$13,129,725$14,356,588
41$15,390,198$13,942,134$13,532,127$15,240,383
42$16,921,376$14,586,676$13,946,831$16,188,195
43$18,607,518$15,261,584$14,374,211$17,208,379
44$20,464,390$15,968,308$14,814,653$18,307,292
45$22,509,370$16,708,366$15,268,556$19,491,899
46$24,761,602$17,483,353$15,736,329$20,769,824
47$27,242,184$18,294,936$16,218,395$22,149,424
48$29,974,366$19,144,866$16,715,189$23,639,852
49$32,983,764$20,034,978$17,227,161$25,251,146
50$36,298,609$20,967,193$17,754,772$26,994,308
51$39,950,009$21,943,528$18,298,499$28,881,405
52$43,972,244$22,966,094$18,858,833$30,925,675
53$48,403,088$24,037,108$19,436,279$33,141,639
54$53,284,167$25,158,890$20,031,358$35,545,235
55$58,661,350$26,333,874$20,644,607$38,153,955
56$64,585,186$27,564,611$21,276,579$40,987,001
57$71,111,374$28,853,777$21,927,844$44,065,459
58$78,301,297$30,204,174$22,598,989$47,412,483
59$86,222,593$31,618,743$23,290,619$51,053,507
60$94,949,800$33,100,564$24,003,358$55,016,470
61$104,565,057$34,652,868$24,737,847$59,332,070
62$115,158,876$36,279,043$25,494,748$64,034,038
63$126,831,003$37,982,637$26,274,744$69,159,448
64$139,691,353$39,767,374$27,078,535$74,749,048
65$153,861,052$41,637,156$27,906,847$80,847,633
66$169,473,577$43,596,075$28,760,425$87,504,452
67$186,676,019$45,648,420$29,640,036$94,773,655
68$205,630,468$47,798,688$30,546,473$102,714,793
69$226,515,546$50,051,594$31,480,550$111,393,356
70$249,528,092$52,412,082$32,443,108$120,881,376
71$274,885,018$54,885,334$33,435,013$131,258,090
72$302,825,359$57,476,785$34,457,155$142,610,664
73$333,612,531$60,192,133$35,510,455$155,034,996
74$367,536,812$63,037,351$36,595,859$168,636,602
75$404,918,088$66,018,702$37,714,341$183,531,586
76$446,108,868$69,142,753$38,866,906$199,847,714
77$491,497,616$72,416,391$40,054,591$217,725,592
78$541,512,414$75,846,835$41,278,461$237,319,970
79$596,625,005$79,441,655$42,539,614$258,801,176
80$657,355,248$83,208,789$43,839,184$282,356,691
81$724,276,022$87,156,558$45,178,335$308,192,892
82$798,018,637$91,293,691$46,558,270$336,536,968
83$879,278,793$95,629,336$47,980,227$367,639,031
84$968,823,145$100,173,089$49,445,480$401,774,441
85$1,067,496,545$104,935,010$50,955,343$439,246,373
86$1,176,230,016$109,925,648$52,511,170$480,388,637
87$1,296,049,539$115,156,066$54,114,355$525,568,792
88$1,428,085,741$120,637,862$55,766,335$575,191,573
89$1,573,584,568$126,383,200$57,468,589$629,702,670
90$1,733,919,050$132,404,832$59,222,643$689,592,886
91$1,910,602,258$138,716,133$61,030,066$755,402,725
92$2,105,301,592$145,331,128$62,892,477$827,727,446
93$2,319,854,522$152,264,521$64,811,543$907,222,626
94$2,556,285,934$159,531,733$66,788,980$994,610,298
95$2,816,827,247$167,148,936$68,826,559$1,090,685,705
96$3,103,937,479$175,133,087$70,926,101$1,196,324,751
97$3,420,326,461$183,501,967$73,089,485$1,312,492,208
98$3,768,980,421$192,274,224$75,318,643$1,440,250,752
99$4,153,190,175$201,469,413$77,615,569$1,580,770,930
100$4,576,582,198$211,108,039$79,982,316$1,735,342,138