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%16.6%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,140,623
2 years$600,947$589,755$578,908$568,391$558,190$526,603
3 years$396,652$385,411$374,592$364,174$354,139$323,530
4 years$294,524$283,318$272,607$262,367$252,575$223,179
5 years$233,263$222,125$211,554$201,523$192,003$163,902
6 years$192,436$181,382$170,967$161,159$151,926$125,145
7 years$163,286$152,324$142,074$132,498$123,556$98,098
8 years$141,433$130,570$120,490$111,149$102,502$78,353
9 years$124,445$113,684$103,778$94,674$86,321$63,459
10 years$110,862$100,207$90,476$81,610$73,550$51,946
11 years$99,757$89,209$79,654$71,025$63,256$42,876
12 years$90,509$80,069$70,691$62,299$54,816$35,623
13 years$82,690$72,359$63,158$55,001$47,801$29,755
14 years$75,993$65,772$56,747$48,823$41,902$24,960
15 years$70,195$60,084$51,235$43,542$36,894$21,012
16 years$65,127$55,126$46,452$38,987$32,607$17,741
17 years$60,659$50,769$42,270$35,029$28,911$15,015
18 years$56,692$46,913$38,587$31,569$25,707$12,733
19 years$53,147$43,478$35,324$28,525$22,913$10,817
20 years$49,961$40,402$32,419$25,835$20,466$9,202
21 years$47,081$37,633$29,819$23,447$18,315$7,838
22 years$44,467$35,129$27,483$21,318$16,417$6,683
23 years$42,084$32,856$25,376$19,415$14,737$5,703
24 years$39,903$30,784$23,468$17,708$13,246$4,870
25 years$37,899$28,889$21,736$16,172$11,919$4,161
26 years$36,052$27,151$20,159$14,787$10,736$3,558
27 years$34,345$25,552$18,720$13,535$9,680$3,043
28 years$32,763$24,078$17,402$12,401$8,734$2,604
29 years$31,293$22,714$16,194$11,372$7,887$2,229
30 years$29,923$21,451$15,084$10,436$7,126$1,908
31 years$28,644$20,279$14,063$9,585$6,443$1,634
32 years$27,447$19,188$13,121$8,809$5,828$1,400
33 years$26,326$18,171$12,251$8,100$5,274$1,199
34 years$25,272$17,222$11,447$7,453$4,775$1,028
35 years$24,281$16,335$10,702$6,861$4,325$881
36 years$23,347$15,504$10,011$6,319$3,919$755
37 years$22,466$14,725$9,370$5,822$3,552$647
38 years$21,633$13,994$8,775$5,366$3,220$555
39 years$20,844$13,307$8,221$4,948$2,920$475
40 years$20,097$12,661$7,706$4,564$2,648$408
41 years$19,388$12,052$7,225$4,211$2,403$349
42 years$18,715$11,478$6,778$3,886$2,180$300
43 years$18,075$10,936$6,360$3,587$1,979$257
44 years$17,466$10,424$5,970$3,312$1,796$220
45 years$16,885$9,941$5,606$3,059$1,631$189
46 years$16,331$9,483$5,265$2,825$1,480$162
47 years$15,803$9,050$4,946$2,610$1,344$139
48 years$15,298$8,639$4,648$2,412$1,221$119
49 years$14,815$8,250$4,369$2,229$1,109$102
50 years$14,352$7,881$4,107$2,060$1,007$88

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 $5,665 every year, while hoping to spend $31,936 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: 72/8/20 Blend
39$14,700,000$14,700,000$14,700,000$14,700,000
40$16,205,243$15,426,143$15,198,293$17,293,446
41$17,824,199$16,148,045$15,673,457$18,740,136
42$19,607,217$16,904,249$16,163,467$20,319,690
43$21,570,999$17,696,403$16,668,789$22,048,853
44$23,733,948$18,526,234$17,189,901$23,942,472
45$26,116,343$19,395,552$17,727,295$26,016,891
46$28,740,530$20,306,254$18,281,480$28,290,105
47$31,631,135$21,260,331$18,852,980$30,781,926
48$34,815,292$22,259,869$19,442,336$33,514,174
49$38,322,904$23,307,054$20,050,106$36,510,870
50$42,186,920$24,404,180$20,676,865$39,798,472
51$46,443,650$25,553,649$21,323,204$43,406,113
52$51,133,108$26,757,983$21,989,737$47,365,879
53$56,299,385$28,019,824$22,677,093$51,713,107
54$61,991,068$29,341,942$23,385,922$56,486,714
55$68,261,702$30,727,242$24,116,895$61,729,567
56$75,170,288$32,178,770$24,870,704$67,488,879
57$82,781,846$33,699,717$25,648,061$73,816,654
58$91,168,024$35,293,434$26,449,701$80,770,175
59$100,407,779$36,963,428$27,276,382$88,412,539
60$110,588,119$38,713,383$28,128,887$96,813,254
61$121,804,923$40,547,155$29,008,021$106,048,885
62$134,163,852$42,468,792$29,914,616$116,203,777
63$147,781,338$44,482,536$30,849,529$127,370,848
64$162,785,690$46,592,835$31,813,644$139,652,458
65$179,318,302$48,804,356$32,807,872$153,161,375
66$197,534,987$51,121,987$33,833,154$168,021,832
67$217,607,449$53,550,859$34,890,459$184,370,698
68$239,724,906$56,096,347$35,980,786$202,358,762
69$264,095,870$58,764,092$37,105,166$222,152,154
70$290,950,122$61,560,006$38,264,662$243,933,907
71$320,540,876$64,490,288$39,460,370$267,905,679
72$353,147,173$67,561,440$40,693,420$294,289,650
73$389,076,514$70,780,279$41,964,978$323,330,617
74$428,667,759$74,153,953$43,276,246$355,298,295
75$472,294,332$77,689,959$44,628,462$390,489,859
76$520,367,744$81,396,157$46,022,906$429,232,740
77$573,341,474$85,280,789$47,460,894$471,887,714
78$631,715,256$89,352,500$48,943,785$518,852,294
79$696,039,792$93,620,351$50,472,981$570,564,480
80$766,921,952$98,093,850$52,049,927$627,506,884
81$845,030,505$102,782,962$53,676,113$690,211,278
82$931,102,429$107,698,140$55,353,076$759,263,607
83$1,025,949,871$112,850,344$57,082,399$835,309,507
84$1,130,467,816$118,251,068$58,865,717$919,060,396
85$1,245,642,529$123,912,366$60,704,714$1,011,300,179
86$1,372,560,873$129,846,878$62,601,128$1,112,892,635
87$1,512,420,567$136,067,860$64,556,751$1,224,789,565
88$1,666,541,491$142,589,212$66,573,429$1,348,039,766
89$1,836,378,152$149,425,512$68,653,067$1,483,798,916
90$2,023,533,410$156,592,048$70,797,631$1,633,340,479
91$2,229,773,611$164,104,852$73,009,145$1,798,067,710
92$2,457,045,266$171,980,736$75,289,698$1,979,526,891
93$2,707,493,424$180,237,334$77,641,444$2,179,421,915
94$2,983,481,925$188,893,135$80,066,604$2,399,630,358
95$3,287,615,715$197,967,532$82,567,469$2,642,221,190
96$3,622,765,438$207,480,861$85,146,399$2,909,474,290
97$3,992,094,540$217,454,451$87,805,831$3,203,901,956
98$4,399,089,132$227,910,667$90,548,275$3,528,272,605
99$4,847,590,902$238,872,969$93,376,321$3,885,636,890
100$5,341,833,385$250,365,955$96,292,638$4,279,356,483