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

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,140,163
2 years$600,947$589,755$578,908$568,391$558,190$526,148
3 years$396,652$385,411$374,592$364,174$354,139$323,094
4 years$294,524$283,318$272,607$262,367$252,575$222,766
5 years$233,263$222,125$211,554$201,523$192,003$163,512
6 years$192,436$181,382$170,967$161,159$151,926$124,779
7 years$163,286$152,324$142,074$132,498$123,556$97,756
8 years$141,433$130,570$120,490$111,149$102,502$78,034
9 years$124,445$113,684$103,778$94,674$86,321$63,163
10 years$110,862$100,207$90,476$81,610$73,550$51,671
11 years$99,757$89,209$79,654$71,025$63,256$42,622
12 years$90,509$80,069$70,691$62,299$54,816$35,389
13 years$82,690$72,359$63,158$55,001$47,801$29,539
14 years$75,993$65,772$56,747$48,823$41,902$24,762
15 years$70,195$60,084$51,235$43,542$36,894$20,831
16 years$65,127$55,126$46,452$38,987$32,607$17,575
17 years$60,659$50,769$42,270$35,029$28,911$14,864
18 years$56,692$46,913$38,587$31,569$25,707$12,596
19 years$53,147$43,478$35,324$28,525$22,913$10,692
20 years$49,961$40,402$32,419$25,835$20,466$9,089
21 years$47,081$37,633$29,819$23,447$18,315$7,736
22 years$44,467$35,129$27,483$21,318$16,417$6,590
23 years$42,084$32,856$25,376$19,415$14,737$5,619
24 years$39,903$30,784$23,468$17,708$13,246$4,795
25 years$37,899$28,889$21,736$16,172$11,919$4,094
26 years$36,052$27,151$20,159$14,787$10,736$3,497
27 years$34,345$25,552$18,720$13,535$9,680$2,989
28 years$32,763$24,078$17,402$12,401$8,734$2,556
29 years$31,293$22,714$16,194$11,372$7,887$2,186
30 years$29,923$21,451$15,084$10,436$7,126$1,870
31 years$28,644$20,279$14,063$9,585$6,443$1,600
32 years$27,447$19,188$13,121$8,809$5,828$1,369
33 years$26,326$18,171$12,251$8,100$5,274$1,172
34 years$25,272$17,222$11,447$7,453$4,775$1,004
35 years$24,281$16,335$10,702$6,861$4,325$859
36 years$23,347$15,504$10,011$6,319$3,919$736
37 years$22,466$14,725$9,370$5,822$3,552$630
38 years$21,633$13,994$8,775$5,366$3,220$540
39 years$20,844$13,307$8,221$4,948$2,920$462
40 years$20,097$12,661$7,706$4,564$2,648$396
41 years$19,388$12,052$7,225$4,211$2,403$339
42 years$18,715$11,478$6,778$3,886$2,180$291
43 years$18,075$10,936$6,360$3,587$1,979$249
44 years$17,466$10,424$5,970$3,312$1,796$213
45 years$16,885$9,941$5,606$3,059$1,631$183
46 years$16,331$9,483$5,265$2,825$1,480$157
47 years$15,803$9,050$4,946$2,610$1,344$134
48 years$15,298$8,639$4,648$2,412$1,221$115
49 years$14,815$8,250$4,369$2,229$1,109$98
50 years$14,352$7,881$4,107$2,060$1,007$84

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 $5,581 every year, while hoping to spend $29,922 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: 66/14/20 Blend
39$14,700,000$14,700,000$14,700,000$14,700,000
40$16,205,157$15,426,057$15,198,207$17,192,809
41$17,826,246$16,150,097$15,675,510$18,579,891
42$19,611,683$16,908,612$16,167,800$20,091,709
43$21,578,201$17,703,260$16,675,547$21,743,733
44$23,744,237$18,535,778$17,199,237$23,549,731
45$26,130,107$19,407,990$17,739,369$25,524,849
46$28,758,201$20,321,804$18,296,461$27,685,760
47$31,653,189$21,279,224$18,871,045$30,050,811
48$34,842,258$22,282,350$19,463,668$32,640,197
49$38,355,366$23,333,383$20,074,899$35,476,147
50$42,225,526$24,434,632$20,705,321$38,583,134
51$46,489,117$25,588,516$21,355,536$41,988,094
52$51,186,226$26,797,572$22,026,166$45,720,688
53$56,361,030$28,064,462$22,717,851$49,813,567
54$62,062,209$29,391,974$23,431,253$54,302,685
55$68,343,407$30,783,034$24,167,053$59,227,628
56$75,263,739$32,240,707$24,925,954$64,631,988
57$82,888,348$33,768,210$25,708,681$70,563,766
58$91,289,020$35,368,913$26,515,982$77,075,825
59$100,544,862$37,046,351$27,348,629$84,226,378
60$110,743,047$38,804,231$28,207,417$92,079,537
61$121,979,639$40,646,439$29,093,167$100,705,912
62$134,360,498$42,577,051$30,006,724$110,183,272
63$148,002,282$44,600,339$30,948,962$120,597,270
64$163,033,543$46,720,785$31,920,781$132,042,251
65$179,595,947$48,943,085$32,923,110$144,622,133
66$197,845,604$51,272,168$33,956,905$158,451,379
67$217,954,549$53,713,197$35,023,155$173,656,076
68$240,112,361$56,271,591$36,122,878$190,375,116
69$264,527,952$58,953,030$37,257,124$208,761,496
70$291,431,544$61,763,469$38,426,979$228,983,759
71$321,076,836$64,709,154$39,633,558$251,227,576
72$353,743,406$67,796,635$40,878,015$275,697,488
73$389,739,343$71,032,780$42,161,538$302,618,830
74$429,404,160$74,424,790$43,485,353$332,239,847
75$473,111,998$77,980,218$44,850,726$364,834,030
76$521,275,156$81,706,984$46,258,960$400,702,686
77$574,347,988$85,613,391$47,711,400$440,177,772
78$632,831,185$89,708,150$49,209,434$483,625,018
79$697,276,509$94,000,392$50,754,494$531,447,369
80$768,291,997$98,499,695$52,348,053$584,088,774
81$846,547,703$103,216,103$53,991,635$642,038,366
82$932,782,023$108,160,147$55,686,810$705,835,068
83$1,027,808,668$113,342,873$57,435,197$776,072,663
84$1,132,524,342$118,775,863$59,238,465$853,405,389
85$1,247,917,208$124,471,263$61,098,337$938,554,099
86$1,375,076,221$130,441,813$63,016,590$1,032,313,048
87$1,515,201,405$136,700,871$64,995,055$1,135,557,378
88$1,669,615,181$143,262,447$67,035,621$1,249,251,361
89$1,839,774,854$150,141,231$69,140,239$1,374,457,485
90$2,027,286,369$157,352,632$71,310,917$1,512,346,466
91$2,233,919,475$164,912,807$73,549,730$1,664,208,277
92$2,461,624,430$172,838,703$75,858,814$1,831,464,312
93$2,712,550,413$181,148,090$78,240,375$2,015,680,778
94$2,989,065,815$189,859,607$80,696,688$2,218,583,460
95$3,293,780,599$198,992,799$83,230,098$2,442,073,993
96$3,629,570,939$208,568,164$85,843,025$2,688,247,786
97$3,999,606,371$218,607,201$88,537,963$2,959,413,780
98$4,407,379,723$229,132,455$91,317,486$3,258,116,221
99$4,856,740,081$240,167,572$94,184,249$3,587,158,649
100$5,351,929,137$251,737,350$97,140,988$3,949,630,338