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%15.9%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,143,861
2 years$600,947$589,755$578,908$568,391$558,190$529,811
3 years$396,652$385,411$374,592$364,174$354,139$326,605
4 years$294,524$283,318$272,607$262,367$252,575$226,098
5 years$233,263$222,125$211,554$201,523$192,003$166,657
6 years$192,436$181,382$170,967$161,159$151,926$127,736
7 years$163,286$152,324$142,074$132,498$123,556$100,527
8 years$141,433$130,570$120,490$111,149$102,502$80,622
9 years$124,445$113,684$103,778$94,674$86,321$65,574
10 years$110,862$100,207$90,476$81,610$73,550$53,912
11 years$99,757$89,209$79,654$71,025$63,256$44,698
12 years$90,509$80,069$70,691$62,299$54,816$37,308
13 years$82,690$72,359$63,158$55,001$47,801$31,309
14 years$75,993$65,772$56,747$48,823$41,902$26,390
15 years$70,195$60,084$51,235$43,542$36,894$22,326
16 years$65,127$55,126$46,452$38,987$32,607$18,944
17 years$60,659$50,769$42,270$35,029$28,911$16,115
18 years$56,692$46,913$38,587$31,569$25,707$13,737
19 years$53,147$43,478$35,324$28,525$22,913$11,731
20 years$49,961$40,402$32,419$25,835$20,466$10,033
21 years$47,081$37,633$29,819$23,447$18,315$8,591
22 years$44,467$35,129$27,483$21,318$16,417$7,365
23 years$42,084$32,856$25,376$19,415$14,737$6,320
24 years$39,903$30,784$23,468$17,708$13,246$5,427
25 years$37,899$28,889$21,736$16,172$11,919$4,663
26 years$36,052$27,151$20,159$14,787$10,736$4,009
27 years$34,345$25,552$18,720$13,535$9,680$3,449
28 years$32,763$24,078$17,402$12,401$8,734$2,968
29 years$31,293$22,714$16,194$11,372$7,887$2,555
30 years$29,923$21,451$15,084$10,436$7,126$2,200
31 years$28,644$20,279$14,063$9,585$6,443$1,895
32 years$27,447$19,188$13,121$8,809$5,828$1,633
33 years$26,326$18,171$12,251$8,100$5,274$1,407
34 years$25,272$17,222$11,447$7,453$4,775$1,213
35 years$24,281$16,335$10,702$6,861$4,325$1,046
36 years$23,347$15,504$10,011$6,319$3,919$901
37 years$22,466$14,725$9,370$5,822$3,552$777
38 years$21,633$13,994$8,775$5,366$3,220$670
39 years$20,844$13,307$8,221$4,948$2,920$578
40 years$20,097$12,661$7,706$4,564$2,648$498
41 years$19,388$12,052$7,225$4,211$2,403$430
42 years$18,715$11,478$6,778$3,886$2,180$371
43 years$18,075$10,936$6,360$3,587$1,979$320
44 years$17,466$10,424$5,970$3,312$1,796$276
45 years$16,885$9,941$5,606$3,059$1,631$238
46 years$16,331$9,483$5,265$2,825$1,480$205
47 years$15,803$9,050$4,946$2,610$1,344$177
48 years$15,298$8,639$4,648$2,412$1,221$153
49 years$14,815$8,250$4,369$2,229$1,109$132
50 years$14,352$7,881$4,107$2,060$1,007$114

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 $5,384 every year, while hoping to spend $20,722 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: 69/12/19 Blend
39$14,700,000$14,700,000$14,700,000$14,700,000
40$16,204,954$15,425,854$15,198,004$17,247,626
41$17,835,811$16,159,672$15,685,089$18,677,998
42$19,632,321$16,928,754$16,187,797$20,239,612
43$21,611,359$17,734,804$16,706,629$21,947,838
44$23,791,519$18,579,611$17,242,103$23,817,142
45$26,193,294$19,465,052$17,794,753$25,863,447
46$28,839,264$20,393,093$18,365,131$28,104,278
47$31,754,311$21,365,797$18,953,806$30,558,928
48$34,965,857$22,385,327$19,561,364$33,248,634
49$38,504,118$23,453,952$20,188,413$36,196,777
50$42,402,391$24,574,048$20,835,578$39,429,098
51$46,697,370$25,748,112$21,503,505$42,973,938
52$51,429,489$26,978,757$22,192,860$46,862,504
53$56,643,308$28,268,727$22,904,332$51,129,158
54$62,387,929$29,620,898$23,638,630$55,811,738
55$68,717,461$31,038,286$24,396,488$60,951,911
56$75,691,534$32,524,054$25,178,662$66,595,566
57$83,375,857$34,081,518$25,985,933$72,793,235
58$91,842,839$35,714,158$26,819,107$79,600,577
59$101,172,277$37,425,620$27,679,016$87,078,887
60$111,452,104$39,219,730$28,566,518$95,295,679
61$122,779,222$41,100,500$29,482,499$104,325,314
62$135,260,414$43,072,135$30,427,874$114,249,697
63$149,013,355$45,139,049$31,403,587$125,159,048
64$164,167,723$47,305,868$32,410,612$137,152,743
65$180,866,418$49,577,443$33,449,955$150,340,251
66$199,266,919$51,958,864$34,522,655$164,842,158
67$219,542,762$54,455,466$35,629,782$180,791,302
68$241,885,186$57,072,846$36,772,442$198,334,017
69$266,504,933$59,816,873$37,951,776$217,631,511
70$293,634,239$62,693,703$39,168,963$238,861,377
71$323,529,027$65,709,790$40,425,219$262,219,267
72$356,471,322$68,871,904$41,721,798$287,920,724
73$392,771,915$72,187,145$43,059,997$316,203,217
74$432,773,294$75,662,959$44,441,151$347,328,367
75$476,852,882$79,307,156$45,866,641$381,584,411
76$525,426,594$83,127,925$47,337,891$419,288,915
77$578,952,768$87,133,855$48,856,372$460,791,761
78$637,936,491$91,333,954$50,423,601$506,478,437
79$702,934,365$95,737,670$52,041,145$556,773,670
80$774,559,766$100,354,912$53,710,618$612,145,423
81$853,488,630$105,196,070$55,433,692$673,109,301
82$940,465,837$110,272,044$57,212,087$740,233,406
83$1,036,312,241$115,594,263$59,047,581$814,143,688
84$1,141,932,424$121,174,717$60,942,009$895,529,841
85$1,258,323,230$127,025,977$62,897,266$985,151,800
86$1,386,583,180$133,161,230$64,915,304$1,083,846,903
87$1,527,922,841$139,594,307$66,998,143$1,192,537,778
88$1,683,676,255$146,339,711$69,147,865$1,312,241,040
89$1,855,313,533$153,412,658$71,366,619$1,444,076,868
90$2,044,454,736$160,829,101$73,656,623$1,589,279,569
91$2,252,885,167$168,605,775$76,020,168$1,749,209,208
92$2,482,572,228$176,760,231$78,459,618$1,925,364,431
93$2,735,683,992$185,310,879$80,977,411$2,119,396,595
94$3,014,609,671$194,277,024$83,576,067$2,333,125,334
95$3,321,982,176$203,678,917$86,258,183$2,568,555,720
96$3,660,702,969$213,537,795$89,026,444$2,827,897,168
97$4,033,969,459$223,875,935$91,883,617$3,113,584,272
98$4,445,305,188$234,716,699$94,832,562$3,428,299,764
99$4,898,593,092$246,084,592$97,876,228$3,774,999,817
100$5,398,112,166$258,005,316$101,017,660$4,156,941,925