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

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$1,007,518
2 years$523,273$513,528$504,083$494,925$486,043$472,791
3 years$345,384$335,596$326,175$317,104$308,366$295,446
4 years$256,456$246,699$237,372$228,455$219,929$207,441
5 years$203,114$193,415$184,210$175,476$167,186$155,166
6 years$167,564$157,938$148,869$140,329$132,289$120,751
7 years$142,181$132,636$123,711$115,372$107,586$96,535
8 years$123,152$113,693$104,917$96,783$89,253$78,688
9 years$108,360$98,991$90,365$82,438$75,164$65,080
10 years$96,533$87,255$78,782$71,062$64,044$54,433
11 years$86,863$77,678$69,359$61,845$55,080$45,934
12 years$78,810$69,720$61,554$54,247$47,731$39,040
13 years$72,002$63,006$54,994$47,892$41,622$33,375
14 years$66,171$57,271$49,413$42,513$36,486$28,669
15 years$61,122$52,318$44,613$37,914$32,125$24,726
16 years$56,709$48,001$40,448$33,948$28,392$21,398
17 years$52,819$44,207$36,806$30,502$25,174$18,571
18 years$49,365$40,849$33,599$27,488$22,384$16,157
19 years$46,278$37,859$30,759$24,838$19,951$14,086
20 years$43,503$35,180$28,229$22,496$17,821$12,302
21 years$40,996$32,769$25,965$20,416$15,948$10,761
22 years$38,720$30,589$23,931$18,563$14,295$9,425
23 years$36,645$28,609$22,096$16,906$12,832$8,265
24 years$34,745$26,805$20,435$15,419$11,534$7,255
25 years$33,000$25,155$18,927$14,082$10,378$6,374
26 years$31,392$23,642$17,554$12,875$9,349$5,605
27 years$29,906$22,249$16,300$11,785$8,428$4,931
28 years$28,528$20,966$15,153$10,798$7,605$4,341
29 years$27,248$19,779$14,101$9,902$6,867$3,824
30 years$26,055$18,679$13,135$9,087$6,205$3,370
31 years$24,942$17,658$12,245$8,346$5,610$2,971
32 years$23,900$16,708$11,425$7,670$5,075$2,620
33 years$22,923$15,822$10,668$7,053$4,592$2,311
34 years$22,006$14,996$9,967$6,490$4,158$2,039
35 years$21,143$14,224$9,319$5,974$3,766$1,800
36 years$20,329$13,500$8,717$5,502$3,412$1,589
37 years$19,562$12,822$8,159$5,069$3,093$1,403
38 years$18,837$12,186$7,641$4,673$2,804$1,239
39 years$18,150$11,587$7,159$4,308$2,543$1,094
40 years$17,500$11,024$6,710$3,974$2,306$966
41 years$16,882$10,494$6,292$3,666$2,092$854
42 years$16,296$9,994$5,902$3,384$1,898$754
43 years$15,739$9,523$5,538$3,123$1,723$667
44 years$15,208$9,077$5,198$2,884$1,564$589
45 years$14,703$8,656$4,881$2,663$1,420$520
46 years$14,220$8,257$4,584$2,460$1,289$460
47 years$13,760$7,880$4,307$2,273$1,171$407
48 years$13,320$7,522$4,047$2,100$1,063$359
49 years$12,900$7,184$3,804$1,941$965$318
50 years$12,497$6,862$3,577$1,794$877$281

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 $5,371 every year, while hoping to spend $24,394 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: 60/29/11 Blend
39$12,800,000$12,800,000$12,800,000$12,800,000
40$14,111,140$13,432,740$13,234,340$14,920,768
41$15,524,521$14,064,989$13,651,736$16,097,574
42$17,081,250$14,727,401$14,082,296$17,377,409
43$18,795,922$15,421,428$14,526,437$18,772,838
44$20,684,620$16,148,592$14,984,587$20,295,010
45$22,765,068$16,910,490$15,457,187$21,956,177
46$25,056,796$17,708,795$15,944,694$23,769,816
47$27,581,326$18,545,263$16,447,578$25,750,743
48$30,362,373$19,421,732$16,966,324$27,915,253
49$33,426,071$20,340,133$17,501,432$30,281,271
50$36,801,218$21,302,488$18,053,418$32,868,512
51$40,519,550$22,310,917$18,622,814$35,698,664
52$44,616,036$23,367,644$19,210,171$38,795,590
53$49,129,214$24,475,001$19,816,054$42,185,543
54$54,101,550$25,635,433$20,441,048$45,897,413
55$59,579,841$26,851,502$21,085,756$49,962,989
56$65,615,655$28,125,896$21,750,800$54,417,259
57$72,265,821$29,461,433$22,436,820$59,298,725
58$79,592,960$30,861,069$23,144,479$64,649,769
59$87,666,083$32,327,902$23,874,460$70,517,041
60$96,561,235$33,865,181$24,627,466$76,951,889
61$106,362,219$35,476,313$25,404,224$84,010,845
62$117,161,383$37,164,870$26,205,483$91,756,139
63$129,060,493$38,934,598$27,032,016$100,256,288
64$142,171,695$40,789,425$27,884,621$109,586,729
65$156,618,572$42,733,471$28,764,119$119,830,519
66$172,537,309$44,771,053$29,671,359$131,079,117
67$190,077,981$46,906,702$30,607,217$143,433,228
68$209,405,971$49,145,166$31,572,595$157,003,753
69$230,703,527$51,491,426$32,568,424$171,912,813
70$254,171,486$53,950,705$33,595,665$188,294,900
71$280,031,167$56,528,479$34,655,309$206,298,130
72$308,526,462$59,230,490$35,748,377$226,085,627
73$339,926,138$62,062,762$36,875,926$247,837,053
74$374,526,376$65,031,609$38,039,041$271,750,287
75$412,653,563$68,143,655$39,238,846$298,043,278
76$454,667,377$71,405,843$40,476,497$326,956,090
77$500,964,178$74,825,459$41,753,189$358,753,149
78$551,980,756$78,410,138$43,070,153$393,725,722
79$608,198,450$82,167,892$44,428,659$432,194,653
80$670,147,691$86,107,118$45,830,019$474,513,367
81$738,413,015$90,236,626$47,275,583$521,071,192
82$813,638,575$94,565,652$48,766,748$572,297,012
83$896,534,225$99,103,886$50,304,950$628,663,293
84$987,882,225$103,861,485$51,891,674$690,690,525
85$1,088,544,618$108,849,103$53,528,451$758,952,105
86$1,199,471,375$114,077,915$55,216,860$834,079,733
87$1,321,709,360$119,559,638$56,958,530$916,769,347
88$1,456,412,215$125,306,560$58,755,141$1,007,787,662
89$1,604,851,248$131,331,569$60,608,426$1,107,979,388
90$1,768,427,440$137,648,181$62,520,173$1,218,275,166
91$1,948,684,667$144,270,570$64,492,226$1,339,700,329
92$2,147,324,276$151,213,600$66,526,489$1,473,384,548
93$2,366,221,149$158,492,864$68,624,923$1,620,572,460
94$2,607,441,401$166,124,709$70,789,553$1,782,635,385
95$2,873,261,889$174,126,285$73,022,468$1,961,084,235
96$3,166,191,703$182,515,574$75,325,822$2,157,583,735
97$3,488,995,856$191,311,437$77,701,836$2,373,968,104
98$3,844,721,390$200,533,654$80,152,804$2,612,258,323
99$4,236,726,139$210,202,970$82,681,091$2,874,681,173
100$4,668,710,432$220,341,142$85,289,134$3,163,690,207