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

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 $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$989,414
2 years$527,361$517,540$508,021$498,792$489,840$450,758
3 years$348,082$338,218$328,723$319,581$310,775$273,091
4 years$258,460$248,626$239,226$230,240$221,647$185,648
5 years$204,701$194,926$185,649$176,846$168,493$134,271
6 years$168,873$159,172$150,032$141,425$133,322$100,902
7 years$143,292$133,672$124,678$116,274$108,427$77,798
8 years$124,114$114,582$105,736$97,539$89,951$61,083
9 years$109,207$99,764$91,071$83,082$75,751$48,605
10 years$97,287$87,937$79,398$71,617$64,544$39,067
11 years$87,542$78,285$69,900$62,328$55,510$31,647
12 years$79,426$70,265$62,035$54,670$48,104$25,792
13 years$72,564$63,499$55,424$48,266$41,947$21,123
14 years$66,688$57,718$49,799$42,845$36,771$17,366
15 years$61,600$52,727$44,962$38,210$32,376$14,322
16 years$57,152$48,376$40,764$34,213$28,614$11,841
17 years$53,231$44,552$37,094$30,740$25,371$9,811
18 years$49,750$41,168$33,862$27,703$22,559$8,142
19 years$46,639$38,154$30,999$25,032$20,107$6,767
20 years$43,843$35,455$28,449$22,671$17,960$5,631
21 years$41,316$33,025$26,168$20,576$16,072$4,689
22 years$39,022$30,828$24,118$18,708$14,407$3,909
23 years$36,931$28,832$22,268$17,038$12,932$3,260
24 years$35,017$27,014$20,595$15,539$11,624$2,721
25 years$33,258$25,351$19,075$14,192$10,460$2,271
26 years$31,638$23,826$17,691$12,976$9,422$1,897
27 years$30,140$22,423$16,427$11,877$8,494$1,585
28 years$28,751$21,129$15,271$10,882$7,665$1,325
29 years$27,461$19,933$14,211$9,979$6,921$1,107
30 years$26,259$18,825$13,237$9,158$6,254$926
31 years$25,136$17,796$12,341$8,411$5,654$774
32 years$24,086$16,838$11,514$7,730$5,114$647
33 years$23,102$15,946$10,751$7,108$4,628$541
34 years$22,178$15,113$10,045$6,540$4,190$453
35 years$21,308$14,335$9,391$6,021$3,795$379
36 years$20,488$13,606$8,785$5,545$3,439$317
37 years$19,715$12,922$8,223$5,109$3,117$265
38 years$18,984$12,281$7,700$4,709$2,826$222
39 years$18,292$11,678$7,214$4,342$2,562$186
40 years$17,636$11,111$6,762$4,005$2,324$155
41 years$17,014$10,576$6,341$3,695$2,109$130
42 years$16,424$10,072$5,948$3,410$1,913$109
43 years$15,862$9,597$5,581$3,148$1,736$91
44 years$15,327$9,148$5,239$2,907$1,576$76
45 years$14,817$8,723$4,919$2,684$1,431$64
46 years$14,332$8,322$4,620$2,479$1,299$53
47 years$13,868$7,941$4,341$2,291$1,180$45
48 years$13,424$7,581$4,079$2,117$1,071$37
49 years$13,001$7,240$3,834$1,956$973$31
50 years$12,595$6,916$3,605$1,808$884$26

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 $4,678 every year, while hoping to spend $57,548 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: 65/22/13 Blend
39$12,900,000$12,900,000$12,900,000$12,900,000
40$14,220,625$13,536,925$13,336,975$15,101,782
41$15,609,899$14,139,004$13,722,533$16,293,047
42$17,138,949$14,768,656$14,119,079$17,587,052
43$18,821,973$15,427,171$14,526,919$18,999,531
44$20,674,613$16,115,901$14,946,370$20,542,045
45$22,714,105$16,836,263$15,377,755$22,227,310
46$24,959,443$17,589,738$15,821,409$24,069,317
47$27,431,552$18,377,881$16,277,672$26,083,461
48$30,153,493$19,202,321$16,746,897$28,286,684
49$33,150,676$20,064,761$17,229,445$30,697,627
50$36,451,100$20,966,989$17,725,686$33,336,811
51$40,085,617$21,910,876$18,236,001$36,226,817
52$44,088,225$22,898,384$18,760,782$39,392,503
53$48,496,385$23,931,567$19,300,430$42,861,232
54$53,351,380$25,012,577$19,855,358$46,663,125
55$58,698,698$26,143,670$20,425,989$50,831,345
56$64,588,464$27,327,209$21,012,759$55,402,400
57$71,075,916$28,565,671$21,616,115$60,416,487
58$78,221,920$29,861,649$22,236,515$65,917,867
59$86,093,548$31,217,862$22,874,431$71,955,275
60$94,764,711$32,637,159$23,530,346$78,582,374
61$104,316,856$34,122,524$24,204,757$85,858,262
62$114,839,734$35,677,086$24,898,174$93,848,017
63$126,432,246$37,304,122$25,611,122$102,623,310
64$139,203,378$39,007,067$26,344,137$112,263,073
65$153,273,229$40,789,520$27,097,773$122,854,237
66$168,774,145$42,655,253$27,872,595$134,492,549
67$185,851,966$44,608,219$28,669,185$147,283,465
68$204,667,405$46,652,560$29,488,142$161,343,139
69$225,397,563$48,792,618$30,330,077$176,799,515
70$248,237,601$51,032,943$31,195,621$193,793,521
71$273,402,581$53,378,302$32,085,419$212,480,393
72$301,129,499$55,833,693$33,000,135$233,031,134
73$331,679,517$58,404,354$33,940,449$255,634,116
74$365,340,434$61,095,774$34,907,061$280,496,850
75$402,429,398$63,913,706$35,900,686$307,847,932
76$443,295,899$66,864,180$36,922,062$337,939,195
77$488,325,072$69,953,516$37,971,942$371,048,071
78$537,941,330$73,188,339$39,051,103$407,480,200
79$592,612,371$76,575,592$40,160,340$447,572,302
80$652,853,589$80,122,553$41,300,468$491,695,347
81$719,232,947$83,836,850$42,472,325$540,258,038
82$792,376,330$87,726,478$43,676,771$593,710,658
83$872,973,460$91,799,820$44,914,687$652,549,308
84$961,784,401$96,065,659$46,186,977$717,320,572
85$1,059,646,740$100,533,206$47,494,570$788,626,663
86$1,167,483,487$105,212,113$48,838,418$867,131,091
87$1,286,311,795$110,112,498$50,219,497$953,564,908
88$1,417,252,557$115,244,970$51,638,810$1,048,733,594
89$1,561,540,992$120,620,648$53,097,384$1,153,524,640
90$1,720,538,300$126,251,186$54,596,273$1,268,915,907
91$1,895,744,517$132,148,805$56,136,559$1,395,984,836
92$2,088,812,675$138,326,314$57,719,351$1,535,918,599
93$2,301,564,405$144,797,141$59,345,786$1,690,025,285
94$2,536,007,136$151,575,362$61,017,032$1,859,746,219
95$2,794,353,045$158,675,736$62,734,283$2,046,669,552
96$3,079,039,942$166,113,733$64,498,768$2,252,545,222
97$3,392,754,283$173,905,573$66,311,744$2,479,301,453
98$3,738,456,534$182,068,260$68,174,501$2,729,062,923
99$4,119,409,115$190,619,619$70,088,362$3,004,170,796
100$4,539,207,205$199,578,341$72,054,682$3,307,204,796