Can I retire at age 40 with 12,800,000?

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$988,413
2 years$523,273$513,528$504,083$494,925$486,043$453,817
3 years$345,384$335,596$326,175$317,104$308,366$277,201
4 years$256,456$246,699$237,372$228,455$219,929$190,066
5 years$203,114$193,415$184,210$175,476$167,186$138,704
6 years$167,564$157,938$148,869$140,329$132,289$105,212
7 years$142,181$132,636$123,711$115,372$107,586$81,912
8 years$123,152$113,693$104,917$96,783$89,253$64,965
9 years$108,360$98,991$90,365$82,438$75,164$52,234
10 years$96,533$87,255$78,782$71,062$64,044$42,438
11 years$86,863$77,678$69,359$61,845$55,080$34,758
12 years$78,810$69,720$61,554$54,247$47,731$28,651
13 years$72,002$63,006$54,994$47,892$41,622$23,737
14 years$66,171$57,271$49,413$42,513$36,486$19,748
15 years$61,122$52,318$44,613$37,914$32,125$16,484
16 years$56,709$48,001$40,448$33,948$28,392$13,798
17 years$52,819$44,207$36,806$30,502$25,174$11,576
18 years$49,365$40,849$33,599$27,488$22,384$9,730
19 years$46,278$37,859$30,759$24,838$19,951$8,191
20 years$43,503$35,180$28,229$22,496$17,821$6,905
21 years$40,996$32,769$25,965$20,416$15,948$5,827
22 years$38,720$30,589$23,931$18,563$14,295$4,922
23 years$36,645$28,609$22,096$16,906$12,832$4,161
24 years$34,745$26,805$20,435$15,419$11,534$3,519
25 years$33,000$25,155$18,927$14,082$10,378$2,979
26 years$31,392$23,642$17,554$12,875$9,349$2,522
27 years$29,906$22,249$16,300$11,785$8,428$2,136
28 years$28,528$20,966$15,153$10,798$7,605$1,810
29 years$27,248$19,779$14,101$9,902$6,867$1,534
30 years$26,055$18,679$13,135$9,087$6,205$1,301
31 years$24,942$17,658$12,245$8,346$5,610$1,103
32 years$23,900$16,708$11,425$7,670$5,075$935
33 years$22,923$15,822$10,668$7,053$4,592$793
34 years$22,006$14,996$9,967$6,490$4,158$673
35 years$21,143$14,224$9,319$5,974$3,766$571
36 years$20,329$13,500$8,717$5,502$3,412$485
37 years$19,562$12,822$8,159$5,069$3,093$411
38 years$18,837$12,186$7,641$4,673$2,804$349
39 years$18,150$11,587$7,159$4,308$2,543$296
40 years$17,500$11,024$6,710$3,974$2,306$251
41 years$16,882$10,494$6,292$3,666$2,092$213
42 years$16,296$9,994$5,902$3,384$1,898$181
43 years$15,739$9,523$5,538$3,123$1,723$154
44 years$15,208$9,077$5,198$2,884$1,564$130
45 years$14,703$8,656$4,881$2,663$1,420$111
46 years$14,220$8,257$4,584$2,460$1,289$94
47 years$13,760$7,880$4,307$2,273$1,171$80
48 years$13,320$7,522$4,047$2,100$1,063$68
49 years$12,900$7,184$3,804$1,941$965$57
50 years$12,497$6,862$3,577$1,794$877$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $12,800,000, adding $6,274 every year, while hoping to spend $46,230 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: 65/26/9 Blend
39$12,800,000$12,800,000$12,800,000$12,800,000
40$14,112,072$13,433,672$13,235,272$15,002,924
41$15,502,315$14,042,733$13,629,465$16,206,104
42$17,032,813$14,680,089$14,035,314$17,514,109
43$18,717,824$15,347,078$14,453,161$18,941,994
44$20,573,057$16,045,100$14,883,357$20,501,427
45$22,615,824$16,775,625$15,326,265$22,205,240
46$24,865,199$17,540,191$15,782,255$24,067,553
47$27,342,200$18,340,412$16,251,712$26,103,897
48$30,069,990$19,177,977$16,735,030$28,331,359
49$33,074,089$20,054,658$17,232,613$30,768,742
50$36,382,620$20,972,310$17,744,880$33,436,735
51$40,026,573$21,932,880$18,272,260$36,358,106
52$44,040,097$22,938,404$18,815,193$39,557,914
53$48,460,821$23,991,019$19,374,136$43,063,738
54$53,330,210$25,092,965$19,949,555$46,905,933
55$58,693,958$26,246,587$20,541,932$51,117,915
56$64,602,417$27,454,345$21,151,762$55,736,467
57$71,111,071$28,718,815$21,779,554$60,802,084
58$78,281,063$30,042,700$22,425,831$66,359,348
59$86,179,769$31,428,830$23,091,134$72,457,343
60$94,881,435$32,880,172$23,776,017$79,150,112
61$104,467,878$34,399,837$24,481,050$86,497,163
62$115,029,257$35,991,085$25,206,821$94,564,019
63$126,664,925$37,657,332$25,953,933$103,422,837
64$139,484,366$39,402,159$26,723,008$113,153,074
65$153,608,228$41,229,321$27,514,685$123,842,233
66$169,169,461$43,142,753$28,329,622$135,586,683
67$186,314,577$45,146,578$29,168,494$148,492,556
68$205,205,023$47,245,120$30,031,999$162,676,743
69$226,018,716$49,442,911$30,920,851$178,267,987
70$248,951,713$51,744,702$31,835,787$195,408,089
71$274,220,067$54,155,471$32,777,565$214,253,236
72$302,061,864$56,680,440$33,746,964$234,975,466
73$332,739,472$59,325,079$34,744,785$257,764,281
74$366,542,016$62,095,126$35,771,854$282,828,421
75$403,788,107$64,996,593$36,829,017$310,397,829
76$444,828,853$68,035,784$37,917,147$340,725,801
77$490,051,166$71,219,308$39,037,142$374,091,372
78$539,881,424$74,554,093$40,189,925$410,801,928
79$594,789,486$78,047,401$41,376,444$451,196,103
80$655,293,136$81,706,845$42,597,677$495,646,950
81$721,962,964$85,540,409$43,854,628$544,565,456
82$795,427,758$89,556,460$45,148,329$598,404,399
83$876,380,434$93,763,772$46,479,844$657,662,607
84$965,584,584$98,171,542$47,850,264$722,889,652
85$1,063,881,677$102,789,413$49,260,713$794,691,013
86$1,172,199,008$107,627,495$50,712,347$873,733,778
87$1,291,558,452$112,696,387$52,206,356$960,752,915
88$1,423,086,106$118,007,202$53,743,961$1,056,558,195
89$1,568,022,925$123,571,591$55,326,419$1,162,041,808
90$1,727,736,433$129,401,768$56,955,024$1,278,186,765
91$1,903,733,636$135,510,542$58,631,104$1,406,076,151
92$2,097,675,250$141,911,341$60,356,029$1,546,903,326
93$2,311,391,372$148,618,244$62,131,203$1,701,983,161
94$2,546,898,766$155,646,012$63,958,072$1,872,764,425
95$2,806,419,897$163,010,124$65,838,125$2,060,843,430
96$3,092,403,913$170,726,806$67,772,888$2,267,979,069
97$3,407,549,768$178,813,076$69,763,936$2,496,109,391
98$3,754,831,701$187,286,773$71,812,885$2,747,369,861
99$4,137,527,315$196,166,605$73,921,396$3,024,113,483
100$4,559,248,519$205,472,187$76,091,181$3,328,932,976