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%18.6%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$992,956
2 years$527,361$517,540$508,021$498,792$489,840$454,234
3 years$348,082$338,218$328,723$319,581$310,775$276,390
4 years$258,460$248,626$239,226$230,240$221,647$188,746
5 years$204,701$194,926$185,649$176,846$168,493$137,161
6 years$168,873$159,172$150,032$141,425$133,322$103,586
7 years$143,292$133,672$124,678$116,274$108,427$80,279
8 years$124,114$114,582$105,736$97,539$89,951$63,369
9 years$109,207$99,764$91,071$83,082$75,751$50,703
10 years$97,287$87,937$79,398$71,617$64,544$40,986
11 years$87,542$78,285$69,900$62,328$55,510$33,396
12 years$79,426$70,265$62,035$54,670$48,104$27,382
13 years$72,564$63,499$55,424$48,266$41,947$22,563
14 years$66,688$57,718$49,799$42,845$36,771$18,667
15 years$61,600$52,727$44,962$38,210$32,376$15,494
16 years$57,152$48,376$40,764$34,213$28,614$12,894
17 years$53,231$44,552$37,094$30,740$25,371$10,754
18 years$49,750$41,168$33,862$27,703$22,559$8,986
19 years$46,639$38,154$30,999$25,032$20,107$7,519
20 years$43,843$35,455$28,449$22,671$17,960$6,300
21 years$41,316$33,025$26,168$20,576$16,072$5,283
22 years$39,022$30,828$24,118$18,708$14,407$4,435
23 years$36,931$28,832$22,268$17,038$12,932$3,725
24 years$35,017$27,014$20,595$15,539$11,624$3,131
25 years$33,258$25,351$19,075$14,192$10,460$2,633
26 years$31,638$23,826$17,691$12,976$9,422$2,215
27 years$30,140$22,423$16,427$11,877$8,494$1,864
28 years$28,751$21,129$15,271$10,882$7,665$1,569
29 years$27,461$19,933$14,211$9,979$6,921$1,322
30 years$26,259$18,825$13,237$9,158$6,254$1,113
31 years$25,136$17,796$12,341$8,411$5,654$938
32 years$24,086$16,838$11,514$7,730$5,114$790
33 years$23,102$15,946$10,751$7,108$4,628$666
34 years$22,178$15,113$10,045$6,540$4,190$561
35 years$21,308$14,335$9,391$6,021$3,795$473
36 years$20,488$13,606$8,785$5,545$3,439$398
37 years$19,715$12,922$8,223$5,109$3,117$336
38 years$18,984$12,281$7,700$4,709$2,826$283
39 years$18,292$11,678$7,214$4,342$2,562$239
40 years$17,636$11,111$6,762$4,005$2,324$201
41 years$17,014$10,576$6,341$3,695$2,109$170
42 years$16,424$10,072$5,948$3,410$1,913$143
43 years$15,862$9,597$5,581$3,148$1,736$121
44 years$15,327$9,148$5,239$2,907$1,576$102
45 years$14,817$8,723$4,919$2,684$1,431$86
46 years$14,332$8,322$4,620$2,479$1,299$72
47 years$13,868$7,941$4,341$2,291$1,180$61
48 years$13,424$7,581$4,079$2,117$1,071$51
49 years$13,001$7,240$3,834$1,956$973$43
50 years$12,595$6,916$3,605$1,808$884$37

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 $5,342 every year, while hoping to spend $55,802 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: 80/8/12 Blend
39$12,900,000$12,900,000$12,900,000$12,900,000
40$14,221,310$13,537,610$13,337,660$15,327,227
41$15,612,511$14,141,580$13,725,099$16,658,254
42$17,143,744$14,773,275$14,123,647$18,110,796
43$18,829,234$15,433,993$14,533,617$19,703,189
44$20,684,653$16,125,096$14,955,330$21,449,403
45$22,727,273$16,848,011$15,389,119$23,364,826
46$24,976,123$17,604,231$15,835,323$25,466,402
47$27,452,171$18,395,323$16,294,290$27,772,791
48$30,178,524$19,222,925$16,766,380$30,304,546
49$33,180,641$20,088,755$17,251,961$33,084,303
50$36,486,577$20,994,615$17,751,412$36,136,992
51$40,127,246$21,942,389$18,265,123$39,490,075
52$44,136,712$22,934,054$18,793,492$43,173,798
53$48,552,514$23,971,680$19,336,931$47,221,479
54$53,416,014$25,057,436$19,895,862$51,669,819
55$58,772,793$26,193,595$20,470,718$56,559,246
56$64,673,075$27,382,539$21,061,945$61,934,293
57$71,172,208$28,626,763$21,669,999$67,844,022
58$78,331,181$29,928,882$22,295,352$74,342,478
59$86,217,200$31,291,636$22,938,485$81,489,200
60$94,904,325$32,717,897$23,599,895$89,349,781
61$104,474,166$34,210,673$24,280,090$97,996,486
62$115,016,652$35,773,117$24,979,595$107,508,926
63$126,630,885$37,408,534$25,698,946$117,974,813
64$139,426,069$39,120,386$26,438,694$129,490,781
65$153,522,545$40,912,302$27,199,408$142,163,298
66$169,052,925$42,788,085$27,981,668$156,109,665
67$186,163,343$44,751,721$28,786,074$171,459,123
68$205,014,834$46,807,386$29,613,238$188,354,070
69$225,784,857$48,959,458$30,463,791$206,951,396
70$248,668,965$51,212,524$31,338,381$227,423,969
71$273,882,655$53,571,393$32,237,672$249,962,256
72$301,663,399$56,041,104$33,162,347$274,776,121
73$332,272,888$58,626,940$34,113,107$302,096,801
74$365,999,498$61,334,436$35,090,672$332,179,083
75$403,161,019$64,169,395$36,095,782$365,303,709
76$444,107,646$67,137,898$37,129,193$401,780,016
77$489,225,291$70,246,321$38,191,687$441,948,857
78$538,939,224$73,501,344$39,284,062$486,185,810
79$593,718,086$76,909,971$40,407,139$534,904,719
80$654,078,315$80,479,544$41,561,762$588,561,595
81$720,589,018$84,217,756$42,748,796$647,658,919
82$793,877,346$88,132,675$43,969,129$712,750,374
83$874,634,414$92,232,754$45,223,673$784,446,069
84$963,621,822$96,526,857$46,513,364$863,418,293
85$1,061,678,848$101,024,274$47,839,163$950,407,852
86$1,169,730,371$105,734,743$49,202,055$1,046,231,058
87$1,288,795,598$110,668,475$50,603,053$1,151,787,429
88$1,419,997,689$115,836,170$52,043,195$1,268,068,170
89$1,564,574,359$121,249,049$53,523,548$1,396,165,523
90$1,723,889,562$126,918,870$55,045,205$1,537,283,076
91$1,899,446,367$132,857,965$56,609,289$1,692,747,107
92$2,092,901,149$139,079,257$58,216,952$1,864,019,105
93$2,306,079,222$145,596,297$59,869,377$2,052,709,553
94$2,540,992,077$152,423,290$61,567,775$2,260,593,122
95$2,799,856,366$159,575,127$63,313,392$2,489,625,419
96$3,085,114,830$167,067,423$65,107,505$2,741,961,434
97$3,399,459,360$174,916,544$66,951,424$3,019,975,875
98$3,745,856,410$183,139,651$68,846,493$3,326,285,575
99$4,127,575,004$191,754,734$70,794,090$3,663,774,188
100$4,548,217,594$200,780,655$72,795,632$4,035,619,393