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%15.4%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,005,840
2 years$527,361$517,540$508,021$498,792$489,840$466,964
3 years$348,082$338,218$328,723$319,581$310,775$288,560
4 years$258,460$248,626$239,226$230,240$221,647$200,266
5 years$204,701$194,926$185,649$176,846$168,493$148,005
6 years$168,873$159,172$150,032$141,425$133,322$113,750
7 years$143,292$133,672$124,678$116,274$108,427$89,773
8 years$124,114$114,582$105,736$97,539$89,951$72,208
9 years$109,207$99,764$91,071$83,082$75,751$58,907
10 years$97,287$87,937$79,398$71,617$64,544$48,581
11 years$87,542$78,285$69,900$62,328$55,510$40,407
12 years$79,426$70,265$62,035$54,670$48,104$33,836
13 years$72,564$63,499$55,424$48,266$41,947$28,490
14 years$66,688$57,718$49,799$42,845$36,771$24,097
15 years$61,600$52,727$44,962$38,210$32,376$20,457
16 years$57,152$48,376$40,764$34,213$28,614$17,420
17 years$53,231$44,552$37,094$30,740$25,371$14,872
18 years$49,750$41,168$33,862$27,703$22,559$12,724
19 years$46,639$38,154$30,999$25,032$20,107$10,907
20 years$43,843$35,455$28,449$22,671$17,960$9,363
21 years$41,316$33,025$26,168$20,576$16,072$8,049
22 years$39,022$30,828$24,118$18,708$14,407$6,927
23 years$36,931$28,832$22,268$17,038$12,932$5,967
24 years$35,017$27,014$20,595$15,539$11,624$5,144
25 years$33,258$25,351$19,075$14,192$10,460$4,438
26 years$31,638$23,826$17,691$12,976$9,422$3,831
27 years$30,140$22,423$16,427$11,877$8,494$3,309
28 years$28,751$21,129$15,271$10,882$7,665$2,859
29 years$27,461$19,933$14,211$9,979$6,921$2,471
30 years$26,259$18,825$13,237$9,158$6,254$2,137
31 years$25,136$17,796$12,341$8,411$5,654$1,849
32 years$24,086$16,838$11,514$7,730$5,114$1,599
33 years$23,102$15,946$10,751$7,108$4,628$1,384
34 years$22,178$15,113$10,045$6,540$4,190$1,198
35 years$21,308$14,335$9,391$6,021$3,795$1,037
36 years$20,488$13,606$8,785$5,545$3,439$898
37 years$19,715$12,922$8,223$5,109$3,117$777
38 years$18,984$12,281$7,700$4,709$2,826$673
39 years$18,292$11,678$7,214$4,342$2,562$583
40 years$17,636$11,111$6,762$4,005$2,324$505
41 years$17,014$10,576$6,341$3,695$2,109$437
42 years$16,424$10,072$5,948$3,410$1,913$379
43 years$15,862$9,597$5,581$3,148$1,736$328
44 years$15,327$9,148$5,239$2,907$1,576$284
45 years$14,817$8,723$4,919$2,684$1,431$246
46 years$14,332$8,322$4,620$2,479$1,299$213
47 years$13,868$7,941$4,341$2,291$1,180$185
48 years$13,424$7,581$4,079$2,117$1,071$160
49 years$13,001$7,240$3,834$1,956$973$139
50 years$12,595$6,916$3,605$1,808$884$120

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 $4,168 every year, while hoping to spend $33,495 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: 38/34/28 Blend
39$12,900,000$12,900,000$12,900,000$12,900,000
40$14,220,099$13,536,399$13,336,449$14,641,724
41$15,634,911$14,164,044$13,747,582$15,579,608
42$17,192,911$14,821,322$14,171,365$16,589,168
43$18,908,669$15,509,647$14,608,187$17,679,639
44$20,798,240$16,230,507$15,058,447$18,858,391
45$22,879,314$16,985,456$15,522,560$20,133,507
46$25,171,388$17,776,127$16,000,949$21,513,855
47$27,695,942$18,604,230$16,494,054$23,009,168
48$30,476,649$19,471,557$17,002,325$24,630,129
49$33,539,593$20,379,989$17,526,228$26,388,467
50$36,913,518$21,331,496$18,066,244$28,297,059
51$40,630,100$22,328,142$18,622,866$30,370,050
52$44,724,242$23,372,093$19,196,604$32,622,976
53$49,234,408$24,465,619$19,787,983$35,072,905
54$54,202,982$25,611,098$20,397,545$37,738,593
55$59,676,670$26,811,026$21,025,847$40,640,648
56$65,706,942$28,068,017$21,673,464$43,801,722
57$72,350,513$29,384,814$22,340,989$47,246,717
58$79,669,885$30,764,289$23,029,031$51,003,006
59$87,733,931$32,209,457$23,738,222$55,100,689
60$96,618,548$33,723,477$24,469,208$59,572,861
61$106,407,372$35,309,659$25,222,659$64,455,921
62$117,192,569$36,971,477$25,999,262$69,789,903
63$129,075,702$38,712,571$26,799,729$75,618,841
64$142,168,694$40,536,757$27,624,790$81,991,177
65$156,594,881$42,448,038$28,475,200$88,960,204
66$172,490,175$44,450,608$29,351,736$96,584,559
67$190,004,351$46,548,867$30,255,198$104,928,763
68$209,302,459$48,747,426$31,186,411$114,063,814
69$230,566,381$51,051,120$32,146,227$124,067,849
70$253,996,548$53,465,021$33,135,521$135,026,862
71$279,813,831$55,994,443$34,155,197$147,035,505
72$308,261,632$58,644,960$35,206,186$160,197,958
73$339,608,172$61,422,416$36,289,446$174,628,907
74$374,149,030$64,332,940$37,405,968$190,454,599
75$412,209,932$67,382,954$38,556,768$207,814,022
76$454,149,823$70,579,197$39,742,898$226,860,194
77$500,364,259$73,928,733$40,965,440$247,761,591
78$551,289,140$77,438,966$42,225,508$270,703,715
79$607,404,821$81,117,665$43,524,252$295,890,822
80$669,240,654$84,972,971$44,862,855$323,547,830
81$737,379,979$89,013,425$46,242,539$353,922,419
82$812,465,633$93,247,980$47,664,561$387,287,340
83$895,206,021$97,686,024$49,130,216$423,942,968
84$986,381,798$102,337,402$50,640,842$464,220,110
85$1,086,853,244$107,212,438$52,197,813$508,483,095
86$1,197,568,384$112,321,956$53,802,549$557,133,191
87$1,319,571,936$117,677,308$55,456,510$610,612,355
88$1,454,015,174$123,290,397$57,161,204$669,407,378
89$1,602,166,800$129,173,705$58,918,183$734,054,440
90$1,765,424,918$135,340,320$60,729,046$805,144,144
91$1,945,330,232$141,803,969$62,595,442$883,327,049
92$2,143,580,596$148,579,043$64,519,069$969,319,771
93$2,362,047,037$155,680,636$66,501,678$1,063,911,713
94$2,602,791,423$163,124,576$68,545,073$1,167,972,470
95$2,868,085,928$170,927,460$70,651,112$1,282,459,996
96$3,160,434,480$179,106,693$72,821,712$1,408,429,598
97$3,482,596,404$187,680,528$75,058,846$1,547,043,851
98$3,837,612,469$196,668,105$77,364,549$1,699,583,525
99$4,228,833,596$206,089,498$79,740,917$1,867,459,618
100$4,659,952,495$215,965,756$82,190,110$2,052,226,621