Can I retire at age 40 with 14,800,000?

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,160,621
2 years$605,035$593,767$582,846$572,257$561,987$542,346
3 years$399,350$388,033$377,140$366,651$356,548$337,429
4 years$296,528$285,245$274,461$264,151$254,293$235,844
5 years$234,850$223,636$212,993$202,894$193,309$175,583
6 years$193,746$182,615$172,130$162,256$152,959$135,976
7 years$164,396$153,360$143,041$133,399$124,397$108,161
8 years$142,395$131,458$121,310$111,905$103,199$87,708
9 years$125,291$114,458$104,484$95,319$86,909$72,154
10 years$111,617$100,889$91,092$82,165$74,050$60,020
11 years$100,435$89,816$80,196$71,509$63,686$50,364
12 years$91,125$80,614$71,172$62,723$55,189$42,559
13 years$83,252$72,851$63,587$55,375$48,126$36,169
14 years$76,510$66,220$57,133$49,155$42,187$30,883
15 years$70,673$60,493$51,584$43,838$37,144$26,473
16 years$65,570$55,501$46,768$39,252$32,828$22,766
17 years$61,072$51,114$42,557$35,268$29,108$19,632
18 years$57,078$47,232$38,849$31,783$25,881$16,970
19 years$53,509$43,774$35,565$28,719$23,069$14,697
20 years$50,301$40,677$32,639$26,011$20,605$12,751
21 years$47,402$37,889$30,022$23,606$18,439$11,078
22 years$44,770$35,368$27,670$21,463$16,528$9,637
23 years$42,370$33,079$25,548$19,547$14,837$8,392
24 years$40,174$30,993$23,628$17,828$13,336$7,315
25 years$38,157$29,085$21,884$16,282$12,000$6,382
26 years$36,298$27,336$20,296$14,887$10,809$5,571
27 years$34,579$25,726$18,847$13,627$9,745$4,866
28 years$32,986$24,241$17,521$12,485$8,793$4,253
29 years$31,506$22,869$16,305$11,449$7,940$3,719
30 years$30,126$21,597$15,187$10,507$7,175$3,253
31 years$28,839$20,417$14,158$9,650$6,486$2,846
32 years$27,634$19,318$13,210$8,869$5,867$2,492
33 years$26,505$18,295$12,334$8,155$5,310$2,181
34 years$25,444$17,339$11,524$7,504$4,808$1,910
35 years$24,446$16,446$10,775$6,908$4,354$1,673
36 years$23,506$15,610$10,079$6,362$3,945$1,466
37 years$22,618$14,826$9,434$5,861$3,576$1,285
38 years$21,780$14,090$8,835$5,403$3,242$1,126
39 years$20,986$13,398$8,277$4,982$2,940$987
40 years$20,234$12,747$7,758$4,595$2,666$865
41 years$19,520$12,134$7,275$4,239$2,419$758
42 years$18,843$11,556$6,824$3,912$2,195$665
43 years$18,198$11,010$6,403$3,612$1,992$583
44 years$17,585$10,495$6,011$3,335$1,808$511
45 years$17,000$10,008$5,644$3,080$1,642$448
46 years$16,442$9,547$5,301$2,845$1,491$393
47 years$15,910$9,111$4,980$2,628$1,353$345
48 years$15,402$8,698$4,680$2,429$1,229$302
49 years$14,915$8,306$4,399$2,244$1,116$265
50 years$14,450$7,934$4,135$2,075$1,014$232

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $14,800,000, adding $3,456 every year, while hoping to spend $31,744 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: 38/42/20 Blend
39$14,800,000$14,800,000$14,800,000$14,800,000
40$16,313,165$15,528,765$15,299,365$16,835,107
41$17,943,332$16,255,899$15,778,118$17,939,541
42$19,738,713$17,017,599$16,271,846$19,129,088
43$21,716,125$17,815,524$16,781,016$20,414,017
44$23,894,101$18,651,416$17,306,111$21,802,956
45$26,293,063$19,527,099$17,847,630$23,305,363
46$28,935,514$20,444,486$18,406,084$24,931,610
47$31,846,254$21,405,583$18,982,005$26,693,076
48$35,052,607$22,412,492$19,575,937$28,602,243
49$38,584,686$23,467,417$20,188,445$30,672,808
50$42,475,674$24,572,670$20,820,107$32,919,805
51$46,762,136$25,730,675$21,471,524$35,359,738
52$51,484,366$26,943,970$22,143,313$38,010,728
53$56,686,768$28,215,221$22,836,110$40,892,673
54$62,418,270$29,547,219$23,550,572$44,027,430
55$68,732,794$30,942,893$24,287,376$47,439,009
56$75,689,757$32,405,313$25,047,221$51,153,788
57$83,354,636$33,937,697$25,830,827$55,200,753
58$91,799,585$35,543,420$26,638,936$59,611,761
59$101,104,116$37,226,021$27,472,314$64,421,825
60$111,355,850$38,989,210$28,331,750$69,669,436
61$122,651,343$40,836,878$29,218,060$75,396,909
62$135,096,998$42,773,103$30,132,084$81,650,773
63$148,810,069$44,802,162$31,074,686$88,482,192
64$163,919,769$46,928,541$32,046,760$95,947,436
65$180,568,487$49,156,941$33,049,228$104,108,395
66$198,913,134$51,492,293$34,083,039$113,033,146
67$219,126,625$53,939,766$35,149,172$122,796,578
68$241,399,510$56,504,784$36,248,638$133,481,083
69$265,941,770$59,193,029$37,382,478$145,177,314
70$292,984,806$62,010,462$38,551,766$157,985,020
71$322,783,616$64,963,335$39,757,610$172,013,967
72$355,619,207$68,058,200$41,001,153$187,384,953
73$391,801,246$71,301,932$42,283,571$204,230,927
74$431,670,982$74,701,736$43,606,080$222,698,215
75$475,604,471$78,265,169$44,969,932$242,947,884
76$524,016,122$82,000,157$46,376,419$265,157,231
77$577,362,611$85,915,010$47,826,874$289,521,429
78$636,147,192$90,018,440$49,322,669$316,255,345
79$700,924,449$94,319,587$50,865,222$345,595,536
80$772,305,529$98,828,033$52,455,993$377,802,448
81$850,963,912$103,553,826$54,096,488$413,162,849
82$937,641,773$108,507,505$55,788,262$451,992,494
83$1,033,156,980$113,700,119$57,532,915$494,639,075
84$1,138,410,825$119,143,258$59,332,101$541,485,463
85$1,254,396,525$124,849,073$61,187,522$592,953,285
86$1,382,208,601$130,830,309$63,100,935$649,506,860
87$1,523,053,214$137,100,329$65,074,151$711,657,543
88$1,678,259,546$143,673,150$67,109,040$779,968,504
89$1,849,292,354$150,563,468$69,207,527$855,059,999
90$2,037,765,793$157,786,697$71,371,598$937,615,171
91$2,245,458,661$165,359,002$73,603,303$1,028,386,457
92$2,474,331,185$173,297,333$75,904,754$1,128,202,626
93$2,726,543,532$181,619,469$78,278,130$1,237,976,554
94$3,004,476,201$190,344,052$80,725,676$1,358,713,775
95$3,310,752,497$199,490,634$83,249,710$1,491,521,920
96$3,648,263,297$209,079,720$85,852,620$1,637,621,098
97$4,020,194,340$219,132,814$88,536,870$1,798,355,355
98$4,430,056,308$229,672,467$91,305,001$1,975,205,285
99$4,881,717,965$240,722,331$94,159,631$2,169,801,933
100$5,379,442,681$252,307,209$97,103,463$2,383,942,116