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

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 $14,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,163,497
2 years$605,035$593,767$582,846$572,257$561,987$545,219
3 years$399,350$388,033$377,140$366,651$356,548$340,208
4 years$296,528$285,245$274,461$264,151$254,293$238,508
5 years$234,850$223,636$212,993$202,894$193,309$178,125
6 years$193,746$182,615$172,130$162,256$152,959$138,393
7 years$164,396$153,360$143,041$133,399$124,397$110,454
8 years$142,395$131,458$121,310$111,905$103,199$89,878
9 years$125,291$114,458$104,484$95,319$86,909$74,203
10 years$111,617$100,889$91,092$82,165$74,050$61,951
11 years$100,435$89,816$80,196$71,509$63,686$52,180
12 years$91,125$80,614$71,172$62,723$55,189$44,264
13 years$83,252$72,851$63,587$55,375$48,126$37,766
14 years$76,510$66,220$57,133$49,155$42,187$32,377
15 years$70,673$60,493$51,584$43,838$37,144$27,867
16 years$65,570$55,501$46,768$39,252$32,828$24,066
17 years$61,072$51,114$42,557$35,268$29,108$20,842
18 years$57,078$47,232$38,849$31,783$25,881$18,093
19 years$53,509$43,774$35,565$28,719$23,069$15,740
20 years$50,301$40,677$32,639$26,011$20,605$13,716
21 years$47,402$37,889$30,022$23,606$18,439$11,971
22 years$44,770$35,368$27,670$21,463$16,528$10,461
23 years$42,370$33,079$25,548$19,547$14,837$9,153
24 years$40,174$30,993$23,628$17,828$13,336$8,015
25 years$38,157$29,085$21,884$16,282$12,000$7,026
26 years$36,298$27,336$20,296$14,887$10,809$6,163
27 years$34,579$25,726$18,847$13,627$9,745$5,409
28 years$32,986$24,241$17,521$12,485$8,793$4,751
29 years$31,506$22,869$16,305$11,449$7,940$4,174
30 years$30,126$21,597$15,187$10,507$7,175$3,669
31 years$28,839$20,417$14,158$9,650$6,486$3,227
32 years$27,634$19,318$13,210$8,869$5,867$2,838
33 years$26,505$18,295$12,334$8,155$5,310$2,498
34 years$25,444$17,339$11,524$7,504$4,808$2,198
35 years$24,446$16,446$10,775$6,908$4,354$1,935
36 years$23,506$15,610$10,079$6,362$3,945$1,704
37 years$22,618$14,826$9,434$5,861$3,576$1,501
38 years$21,780$14,090$8,835$5,403$3,242$1,322
39 years$20,986$13,398$8,277$4,982$2,940$1,165
40 years$20,234$12,747$7,758$4,595$2,666$1,026
41 years$19,520$12,134$7,275$4,239$2,419$904
42 years$18,843$11,556$6,824$3,912$2,195$797
43 years$18,198$11,010$6,403$3,612$1,992$702
44 years$17,585$10,495$6,011$3,335$1,808$619
45 years$17,000$10,008$5,644$3,080$1,642$546
46 years$16,442$9,547$5,301$2,845$1,491$481
47 years$15,910$9,111$4,980$2,628$1,353$424
48 years$15,402$8,698$4,680$2,429$1,229$374
49 years$14,915$8,306$4,399$2,244$1,116$329
50 years$14,450$7,934$4,135$2,075$1,014$290

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 $3,288 every year, while hoping to spend $21,533 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: 29/49/22 Blend
39$14,800,000$14,800,000$14,800,000$14,800,000
40$16,312,992$15,528,592$15,299,192$16,673,528
41$17,954,006$16,266,582$15,788,804$17,690,224
42$19,761,682$17,040,011$16,294,096$18,780,404
43$21,752,996$17,850,595$16,815,571$19,952,049
44$23,946,657$18,700,129$17,353,748$21,212,180
45$26,363,279$19,590,498$17,909,161$22,568,476
46$29,025,579$20,523,679$18,482,364$24,029,337
47$31,958,592$21,501,742$19,073,926$25,603,958
48$35,189,902$22,526,862$19,684,437$27,302,407
49$38,749,909$23,601,315$20,314,503$29,135,706
50$42,672,112$24,727,492$20,964,751$31,115,933
51$46,993,426$25,907,897$21,635,828$33,256,320
52$51,754,529$27,145,158$22,328,403$35,571,369
53$57,000,250$28,442,030$23,043,163$38,076,978
54$62,779,988$29,801,402$23,780,821$40,790,582
55$69,148,178$31,226,302$24,542,111$43,731,302
56$76,164,810$32,719,909$25,327,789$46,920,114
57$83,895,990$34,285,553$26,138,639$50,380,034
58$92,414,564$35,926,728$26,975,466$54,136,322
59$101,800,810$37,647,098$27,839,105$58,216,706
60$112,143,191$39,450,505$28,730,414$62,651,627
61$123,539,195$41,340,978$29,650,281$67,474,514
62$136,096,249$43,322,742$30,599,622$72,722,077
63$149,932,739$45,400,229$31,579,381$78,434,643
64$165,179,122$47,578,084$32,590,534$84,656,515
65$181,979,164$49,861,182$33,634,089$91,436,370
66$200,491,291$52,254,632$34,711,083$98,827,702
67$220,890,088$54,763,794$35,822,589$106,889,302
68$243,367,946$57,394,289$36,969,715$115,685,797
69$268,136,878$60,152,010$38,153,602$125,288,231
70$295,430,521$63,043,140$39,375,429$135,774,715
71$325,506,342$66,074,161$40,636,413$147,231,139
72$358,648,066$69,251,873$41,937,811$159,751,957
73$395,168,359$72,583,405$43,280,917$173,441,050
74$435,411,774$76,076,235$44,667,071$188,412,679
75$479,758,010$79,738,205$46,097,653$204,792,532
76$528,625,490$83,577,540$47,574,087$222,718,881
77$582,475,316$87,602,866$49,097,845$242,343,853
78$641,815,621$91,823,228$50,670,445$263,834,833
79$707,206,362$96,248,115$52,293,454$287,376,004
80$779,264,615$100,887,476$53,968,488$313,170,053
81$858,670,389$105,751,746$55,697,216$341,440,043
82$946,173,058$110,851,870$57,481,361$372,431,474
83$1,042,598,425$116,199,327$59,322,702$406,414,561
84$1,148,856,524$121,806,154$61,223,072$443,686,739
85$1,265,950,211$127,684,977$63,184,367$484,575,420
86$1,394,984,629$133,849,037$65,208,539$529,441,036
87$1,537,177,643$140,312,222$67,297,608$578,680,391
88$1,693,871,340$147,089,098$69,453,655$632,730,348
89$1,866,544,693$154,194,941$71,678,829$692,071,899
90$2,056,827,531$161,645,771$73,975,348$757,234,644
91$2,266,515,919$169,458,394$76,345,502$828,801,728
92$2,497,589,120$177,650,433$78,791,654$907,415,280
93$2,752,228,277$186,240,371$81,316,242$993,782,406
94$3,032,837,009$195,247,596$83,921,783$1,088,681,791
95$3,342,064,096$204,692,441$86,610,875$1,192,970,975
96$3,682,828,494$214,596,232$89,386,200$1,307,594,369
97$4,058,346,888$224,981,334$92,250,525$1,433,592,088
98$4,472,164,059$235,871,208$95,206,706$1,572,109,680
99$4,928,186,354$247,290,458$98,257,692$1,724,408,854
100$5,430,718,563$259,264,891$101,406,525$1,891,879,291