Can I retire at age 40 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,141,546
2 years$600,947$589,755$578,908$568,391$558,190$527,516
3 years$396,652$385,411$374,592$364,174$354,139$324,404
4 years$294,524$283,318$272,607$262,367$252,575$224,008
5 years$233,263$222,125$211,554$201,523$192,003$164,684
6 years$192,436$181,382$170,967$161,159$151,926$125,880
7 years$163,286$152,324$142,074$132,498$123,556$98,786
8 years$141,433$130,570$120,490$111,149$102,502$78,995
9 years$124,445$113,684$103,778$94,674$86,321$64,057
10 years$110,862$100,207$90,476$81,610$73,550$52,501
11 years$99,757$89,209$79,654$71,025$63,256$43,389
12 years$90,509$80,069$70,691$62,299$54,816$36,097
13 years$82,690$72,359$63,158$55,001$47,801$30,191
14 years$75,993$65,772$56,747$48,823$41,902$25,361
15 years$70,195$60,084$51,235$43,542$36,894$21,380
16 years$65,127$55,126$46,452$38,987$32,607$18,077
17 years$60,659$50,769$42,270$35,029$28,911$15,321
18 years$56,692$46,913$38,587$31,569$25,707$13,013
19 years$53,147$43,478$35,324$28,525$22,913$11,071
20 years$49,961$40,402$32,419$25,835$20,466$9,432
21 years$47,081$37,633$29,819$23,447$18,315$8,046
22 years$44,467$35,129$27,483$21,318$16,417$6,871
23 years$42,084$32,856$25,376$19,415$14,737$5,873
24 years$39,903$30,784$23,468$17,708$13,246$5,023
25 years$37,899$28,889$21,736$16,172$11,919$4,299
26 years$36,052$27,151$20,159$14,787$10,736$3,681
27 years$34,345$25,552$18,720$13,535$9,680$3,154
28 years$32,763$24,078$17,402$12,401$8,734$2,703
29 years$31,293$22,714$16,194$11,372$7,887$2,318
30 years$29,923$21,451$15,084$10,436$7,126$1,988
31 years$28,644$20,279$14,063$9,585$6,443$1,705
32 years$27,447$19,188$13,121$8,809$5,828$1,463
33 years$26,326$18,171$12,251$8,100$5,274$1,255
34 years$25,272$17,222$11,447$7,453$4,775$1,078
35 years$24,281$16,335$10,702$6,861$4,325$925
36 years$23,347$15,504$10,011$6,319$3,919$794
37 years$22,466$14,725$9,370$5,822$3,552$682
38 years$21,633$13,994$8,775$5,366$3,220$585
39 years$20,844$13,307$8,221$4,948$2,920$503
40 years$20,097$12,661$7,706$4,564$2,648$432
41 years$19,388$12,052$7,225$4,211$2,403$371
42 years$18,715$11,478$6,778$3,886$2,180$318
43 years$18,075$10,936$6,360$3,587$1,979$274
44 years$17,466$10,424$5,970$3,312$1,796$235
45 years$16,885$9,941$5,606$3,059$1,631$202
46 years$16,331$9,483$5,265$2,825$1,480$173
47 years$15,803$9,050$4,946$2,610$1,344$149
48 years$15,298$8,639$4,648$2,412$1,221$128
49 years$14,815$8,250$4,369$2,229$1,109$110
50 years$14,352$7,881$4,107$2,060$1,007$94

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $14,700,000, adding $2,511 every year, while hoping to spend $41,288 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: 42/48/10 Blend
39$14,700,000$14,700,000$14,700,000$14,700,000
40$16,201,990$15,422,890$15,195,040$16,834,890
41$17,810,663$16,134,682$15,660,144$17,989,160
42$19,582,037$16,879,967$16,139,445$19,233,921
43$21,532,663$17,660,344$16,633,375$20,580,832
44$23,680,781$18,477,487$17,142,379$22,039,223
45$26,046,488$19,333,152$17,666,917$23,619,328
46$28,651,931$20,229,177$18,207,459$25,332,372
47$31,521,513$21,167,492$18,764,494$27,190,672
48$34,682,126$22,150,118$19,338,523$29,207,744
49$38,163,402$23,179,172$19,930,063$31,398,423
50$41,997,994$24,256,877$20,539,645$33,778,995
51$46,221,886$25,385,561$21,167,820$36,367,345
52$50,874,728$26,567,662$21,815,151$39,183,111
53$56,000,213$27,805,740$22,482,221$42,247,865
54$61,646,489$29,102,477$23,169,631$45,585,305
55$67,866,615$30,460,682$23,877,997$49,221,465
56$74,719,058$31,883,304$24,607,958$53,184,959
57$82,268,246$33,373,430$25,360,169$57,507,228
58$90,585,179$34,934,299$26,135,306$62,222,835
59$99,748,094$36,569,307$26,934,066$67,369,773
60$109,843,209$38,282,012$27,757,166$72,989,813
61$120,965,530$40,076,144$28,605,345$79,128,883
62$133,219,755$41,955,617$29,479,365$85,837,490
63$146,721,257$43,924,529$30,380,011$93,171,178
64$161,597,174$45,987,180$31,308,090$101,191,041
65$177,987,611$48,148,076$32,264,436$109,964,281
66$196,046,959$50,411,944$33,249,907$119,564,824
67$215,945,357$52,783,737$34,265,386$130,074,003
68$237,870,291$55,268,648$35,311,785$141,581,303
69$262,028,372$57,872,123$36,390,041$154,185,192
70$288,647,279$60,599,870$37,501,120$167,994,022
71$317,977,914$63,457,876$38,646,020$183,127,038
72$350,296,764$66,452,415$39,825,765$199,715,476
73$385,908,517$69,590,067$41,041,411$217,903,780
74$425,148,937$72,877,731$42,294,049$237,850,941
75$468,388,028$76,322,639$43,584,800$259,731,970
76$516,033,534$79,932,376$44,914,818$283,739,525
77$568,534,785$83,714,893$46,285,294$310,085,701
78$626,386,937$87,678,526$47,697,456$339,004,001
79$690,135,649$91,832,019$49,152,565$370,751,511
80$760,382,233$96,184,535$50,651,923$405,611,291
81$837,789,330$100,745,686$52,196,872$443,895,016
82$923,087,166$105,525,550$53,788,792$485,945,882
83$1,017,080,446$110,534,691$55,429,106$532,141,805
84$1,120,655,950$115,784,189$57,119,279$582,898,953
85$1,234,790,905$121,285,662$58,860,823$638,675,632
86$1,360,562,208$127,051,291$60,655,291$699,976,567
87$1,499,156,597$133,093,848$62,504,287$767,357,626
88$1,651,881,851$139,426,727$64,409,462$841,431,015
89$1,820,179,136$146,063,973$66,372,515$922,871,012
90$2,005,636,612$153,020,311$68,395,198$1,012,420,278
91$2,210,004,425$160,311,186$70,479,316$1,110,896,812
92$2,435,211,231$167,952,789$72,626,728$1,219,201,620
93$2,683,382,402$175,962,100$74,839,349$1,338,327,157
94$2,956,860,090$184,356,926$77,119,150$1,469,366,634
95$3,258,225,342$193,155,938$79,468,164$1,613,524,276
96$3,590,322,463$202,378,716$81,888,484$1,772,126,615
97$3,956,285,873$212,045,791$84,382,266$1,946,634,949
98$4,359,569,691$222,178,694$86,951,732$2,138,659,052
99$4,803,980,352$232,800,003$89,599,168$2,349,972,302
100$5,293,712,540$243,933,395$92,326,931$2,582,528,330