Can I retire at age 40 with 14,600,000?

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 $14,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,147,774
2 years$596,859$585,743$574,970$564,524$554,393$537,851
3 years$393,953$382,789$372,043$361,696$351,729$335,611
4 years$292,520$281,391$270,752$260,582$250,856$235,285
5 years$231,677$220,614$210,115$200,152$190,697$175,718
6 years$191,127$180,148$169,804$160,063$150,892$136,523
7 years$162,175$151,288$141,108$131,597$122,716$108,962
8 years$140,471$129,682$119,671$110,393$101,804$88,664
9 years$123,598$112,911$103,072$94,030$85,734$73,200
10 years$110,108$99,526$89,861$81,055$73,050$61,113
11 years$99,078$88,602$79,112$70,542$62,825$51,475
12 years$89,893$79,524$70,210$61,875$54,443$43,666
13 years$82,127$71,867$62,728$54,626$47,475$37,256
14 years$75,476$65,325$56,361$48,491$41,617$31,939
15 years$69,718$59,675$50,887$43,246$36,643$27,491
16 years$64,684$54,751$46,136$38,722$32,385$23,741
17 years$60,246$50,424$41,982$34,791$28,715$20,560
18 years$56,307$46,594$38,324$31,354$25,532$17,849
19 years$52,786$43,183$35,084$28,331$22,757$15,527
20 years$49,621$40,127$32,198$25,659$20,327$13,531
21 years$46,761$37,377$29,616$23,287$18,190$11,809
22 years$44,165$34,890$27,296$21,173$16,305$10,320
23 years$41,798$32,632$25,203$19,283$14,636$9,029
24 years$39,631$30,574$23,309$17,587$13,155$7,907
25 years$37,641$28,692$21,588$16,062$11,838$6,931
26 years$35,807$26,966$20,022$14,686$10,663$6,079
27 years$34,112$25,378$18,592$13,442$9,614$5,336
28 years$32,540$23,914$17,284$12,316$8,675$4,686
29 years$31,080$22,560$16,084$11,294$7,833$4,118
30 years$29,719$21,305$14,982$10,365$7,078$3,620
31 years$28,449$20,141$13,967$9,520$6,399$3,183
32 years$27,261$19,057$13,032$8,749$5,788$2,800
33 years$26,146$18,047$12,168$8,045$5,238$2,464
34 years$25,100$17,105$11,369$7,402$4,743$2,169
35 years$24,116$16,224$10,629$6,814$4,296$1,909
36 years$23,188$15,399$9,943$6,276$3,892$1,681
37 years$22,313$14,625$9,307$5,782$3,528$1,481
38 years$21,485$13,899$8,715$5,330$3,198$1,304
39 years$20,702$13,217$8,165$4,914$2,900$1,149
40 years$19,961$12,575$7,653$4,533$2,630$1,012
41 years$19,257$11,970$7,176$4,182$2,386$892
42 years$18,588$11,400$6,732$3,859$2,165$786
43 years$17,952$10,862$6,317$3,563$1,965$693
44 years$17,347$10,353$5,929$3,290$1,784$611
45 years$16,770$9,873$5,567$3,038$1,619$538
46 years$16,220$9,418$5,229$2,806$1,470$474
47 years$15,695$8,988$4,913$2,593$1,335$418
48 years$15,193$8,580$4,617$2,396$1,213$369
49 years$14,714$8,194$4,339$2,214$1,101$325
50 years$14,255$7,827$4,080$2,046$1,000$286

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $14,600,000, adding $6,250 every year, while hoping to spend $56,962 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: 59/11/30 Blend
39$14,600,000$14,600,000$14,600,000$14,600,000
40$16,095,647$15,321,847$15,095,547$16,912,942
41$17,676,796$16,012,010$15,540,641$18,163,684
42$19,417,313$16,734,082$15,998,736$19,520,830
43$21,333,393$17,489,567$16,470,208$21,000,131
44$23,442,882$18,280,039$16,955,443$22,613,492
45$25,765,444$19,107,149$17,454,838$24,374,011
46$28,322,746$19,972,626$17,968,802$26,296,103
47$31,138,664$20,878,282$18,497,754$28,395,630
48$34,239,505$21,826,015$19,042,127$30,690,051
49$37,654,260$22,817,816$19,602,364$33,198,581
50$41,414,874$23,855,767$20,178,922$35,942,373
51$45,556,546$24,942,055$20,772,271$38,944,711
52$50,118,065$26,078,968$21,382,893$42,231,228
53$55,142,174$27,268,904$22,011,287$45,830,147
54$60,675,973$28,514,376$22,657,962$49,772,538
55$66,771,361$29,818,020$23,323,443$54,092,613
56$73,485,532$31,182,596$24,008,270$58,828,045
57$80,881,509$32,610,995$24,713,000$64,020,316
58$89,028,739$34,106,250$25,438,202$69,715,105
59$98,003,753$35,671,538$26,184,463$75,962,721
60$107,890,881$37,310,189$26,952,388$82,818,566
61$118,783,055$39,025,693$27,742,597$90,343,656
62$130,782,681$40,821,706$28,555,729$98,605,194
63$144,002,607$42,702,062$29,392,438$107,677,198
64$158,567,188$44,670,778$30,253,400$117,641,195
65$174,613,460$46,732,065$31,139,308$128,586,983
66$192,292,433$48,890,337$32,050,875$140,613,476
67$211,770,517$51,150,219$32,988,835$153,829,631
68$233,231,088$53,516,558$33,953,940$168,355,472
69$256,876,228$55,994,438$34,946,965$184,323,212
70$282,928,622$58,589,184$35,968,707$201,878,501
71$311,633,667$61,306,380$37,019,985$221,181,788
72$343,261,786$64,151,878$38,101,639$242,409,834
73$378,110,981$67,131,812$39,214,536$265,757,369
74$416,509,642$70,252,612$40,359,565$291,438,925
75$458,819,654$73,521,019$41,537,639$319,690,854
76$505,439,808$76,944,098$42,749,698$350,773,548
77$556,809,564$80,529,254$43,996,709$384,973,890
78$613,413,204$84,284,253$45,279,664$422,607,955
79$675,784,402$88,217,232$46,599,583$464,023,983
80$744,511,258$92,336,723$47,957,516$509,605,654
81$820,241,853$96,651,670$49,354,540$559,775,706
82$903,690,369$101,171,448$50,791,764$614,999,909
83$995,643,824$105,905,887$52,270,326$675,791,457
84$1,096,969,509$110,865,290$53,791,396$742,715,795
85$1,208,623,168$116,060,459$55,356,178$816,395,950
86$1,331,658,029$121,502,718$56,965,907$897,518,400
87$1,467,234,737$127,203,940$58,621,853$986,839,537
88$1,616,632,318$133,176,572$60,325,323$1,085,192,800
89$1,781,260,251$139,433,660$62,077,658$1,193,496,527
90$1,962,671,773$145,988,886$63,880,237$1,312,762,607
91$2,162,578,545$152,856,592$65,734,475$1,444,106,023
92$2,382,866,806$160,051,815$67,641,830$1,588,755,357
93$2,625,615,185$167,590,319$69,603,796$1,748,064,376
94$2,893,114,321$175,488,632$71,621,911$1,923,524,791
95$3,187,888,491$183,764,084$73,697,754$2,116,780,328
96$3,512,719,436$192,434,843$75,832,948$2,329,642,218
97$3,870,672,627$201,519,958$78,029,159$2,564,106,285
98$4,265,126,200$211,039,402$80,288,102$2,822,371,763
99$4,699,802,855$221,014,116$82,611,536$3,106,862,039
100$5,178,804,993$231,466,054$85,001,269$3,420,247,508