Can I retire at age 40 with 12,900,000?

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 $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,005,430
2 years$527,361$517,540$508,021$498,792$489,840$466,557
3 years$348,082$338,218$328,723$319,581$310,775$288,169
4 years$258,460$248,626$239,226$230,240$221,647$199,894
5 years$204,701$194,926$185,649$176,846$168,493$147,652
6 years$168,873$159,172$150,032$141,425$133,322$113,417
7 years$143,292$133,672$124,678$116,274$108,427$89,459
8 years$124,114$114,582$105,736$97,539$89,951$71,914
9 years$109,207$99,764$91,071$83,082$75,751$58,632
10 years$97,287$87,937$79,398$71,617$64,544$48,324
11 years$87,542$78,285$69,900$62,328$55,510$40,167
12 years$79,426$70,265$62,035$54,670$48,104$33,614
13 years$72,564$63,499$55,424$48,266$41,947$28,285
14 years$66,688$57,718$49,799$42,845$36,771$23,907
15 years$61,600$52,727$44,962$38,210$32,376$20,281
16 years$57,152$48,376$40,764$34,213$28,614$17,258
17 years$53,231$44,552$37,094$30,740$25,371$14,723
18 years$49,750$41,168$33,862$27,703$22,559$12,588
19 years$46,639$38,154$30,999$25,032$20,107$10,781
20 years$43,843$35,455$28,449$22,671$17,960$9,249
21 years$41,316$33,025$26,168$20,576$16,072$7,944
22 years$39,022$30,828$24,118$18,708$14,407$6,831
23 years$36,931$28,832$22,268$17,038$12,932$5,880
24 years$35,017$27,014$20,595$15,539$11,624$5,065
25 years$33,258$25,351$19,075$14,192$10,460$4,367
26 years$31,638$23,826$17,691$12,976$9,422$3,766
27 years$30,140$22,423$16,427$11,877$8,494$3,250
28 years$28,751$21,129$15,271$10,882$7,665$2,806
29 years$27,461$19,933$14,211$9,979$6,921$2,424
30 years$26,259$18,825$13,237$9,158$6,254$2,094
31 years$25,136$17,796$12,341$8,411$5,654$1,810
32 years$24,086$16,838$11,514$7,730$5,114$1,565
33 years$23,102$15,946$10,751$7,108$4,628$1,353
34 years$22,178$15,113$10,045$6,540$4,190$1,170
35 years$21,308$14,335$9,391$6,021$3,795$1,012
36 years$20,488$13,606$8,785$5,545$3,439$875
37 years$19,715$12,922$8,223$5,109$3,117$757
38 years$18,984$12,281$7,700$4,709$2,826$655
39 years$18,292$11,678$7,214$4,342$2,562$567
40 years$17,636$11,111$6,762$4,005$2,324$491
41 years$17,014$10,576$6,341$3,695$2,109$425
42 years$16,424$10,072$5,948$3,410$1,913$368
43 years$15,862$9,597$5,581$3,148$1,736$318
44 years$15,327$9,148$5,239$2,907$1,576$275
45 years$14,817$8,723$4,919$2,684$1,431$238
46 years$14,332$8,322$4,620$2,479$1,299$206
47 years$13,868$7,941$4,341$2,291$1,180$179
48 years$13,424$7,581$4,079$2,117$1,071$155
49 years$13,001$7,240$3,834$1,956$973$134
50 years$12,595$6,916$3,605$1,808$884$116

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $12,900,000, adding $6,981 every year, while hoping to spend $38,878 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: 68/16/16 Blend
39$12,900,000$12,900,000$12,900,000$12,900,000
40$14,223,001$13,539,301$13,339,351$15,135,785
41$15,632,381$14,161,361$13,744,853$16,367,388
42$17,184,215$14,812,599$14,162,637$17,708,766
43$18,892,992$15,494,403$14,593,072$19,174,977
44$20,774,678$16,208,229$15,036,541$20,778,292
45$22,846,865$16,955,603$15,493,435$22,532,216
46$25,128,941$17,738,123$15,964,161$24,451,612
47$27,642,267$18,557,465$16,449,134$26,552,836
48$30,410,382$19,415,385$16,948,784$28,853,897
49$33,459,227$20,313,724$17,463,554$31,374,612
50$36,817,383$21,254,412$17,993,898$34,136,801
51$40,516,349$22,239,471$18,540,287$37,164,483
52$44,590,833$23,271,021$19,103,202$40,484,104
53$49,079,081$24,351,284$19,683,143$44,124,779
54$54,023,240$25,482,589$20,280,621$48,118,567
55$59,469,753$26,667,379$20,896,164$52,500,768
56$65,469,798$27,908,211$21,530,317$57,310,254
57$72,079,774$29,207,770$22,183,638$62,589,827
58$79,361,827$30,568,867$22,856,706$68,386,628
59$87,384,441$31,994,449$23,550,114$74,752,569
60$96,223,086$33,487,608$24,264,474$81,744,821
61$105,960,922$35,051,583$25,000,416$89,426,354
62$116,689,596$36,689,770$25,758,589$97,866,517
63$128,510,095$38,405,729$26,539,662$107,141,697
64$141,533,706$40,203,192$27,344,323$117,336,029
65$155,883,067$42,086,071$28,173,280$128,542,184
66$171,693,320$44,058,469$29,027,265$140,862,244
67$189,113,389$46,124,684$29,907,029$154,408,652
68$208,307,387$48,289,226$30,813,347$169,305,272
69$229,456,162$50,556,820$31,747,016$185,688,552
70$252,759,008$52,932,421$32,708,857$203,708,799
71$278,435,540$55,421,223$33,699,718$223,531,599
72$306,727,775$58,028,672$34,720,468$245,339,366
73$337,902,409$60,760,479$35,772,005$269,333,061
74$372,253,341$63,622,629$36,855,254$295,734,074
75$410,104,442$66,621,398$37,971,165$324,786,315
76$451,812,615$69,763,366$39,120,719$356,758,499
77$497,771,164$73,055,433$40,304,925$391,946,676
78$548,413,505$76,504,831$41,524,822$430,677,018
79$604,217,260$80,119,145$42,781,480$473,308,886
80$665,708,763$83,906,326$44,076,003$520,238,212
81$733,468,032$87,874,711$45,409,524$571,901,223
82$808,134,241$92,033,041$46,783,213$628,778,552
83$890,411,756$96,390,483$48,198,273$691,399,762
84$981,076,784$100,956,646$49,655,944$760,348,329
85$1,080,984,700$105,741,606$51,157,503$836,267,139
86$1,191,078,124$110,755,929$52,704,263$919,864,544
87$1,312,395,816$116,010,692$54,297,579$1,011,921,034
88$1,446,082,485$121,517,513$55,938,845$1,113,296,589
89$1,593,399,597$127,288,569$57,629,495$1,224,938,782
90$1,755,737,281$133,336,634$59,371,007$1,347,891,709
91$1,934,627,453$139,675,098$61,164,905$1,483,305,827
92$2,131,758,278$146,318,003$63,012,755$1,632,448,795
93$2,348,990,111$153,280,074$64,916,170$1,796,717,427
94$2,588,373,054$160,576,749$66,876,814$1,977,650,855
95$2,852,166,315$168,224,219$68,896,396$2,176,945,039
96$3,142,859,533$176,239,460$70,976,680$2,396,468,757
97$3,463,196,286$184,640,274$73,119,479$2,638,281,224
98$3,816,199,987$193,445,327$75,326,662$2,904,651,509
99$4,205,202,433$202,674,196$77,600,152$3,198,079,930
100$4,633,875,255$212,347,405$79,941,931$3,521,321,634