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%11.7%
1 years$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,171,753
2 years$605,035$593,767$582,846$572,257$561,987$553,497
3 years$399,350$388,033$377,140$366,651$356,548$348,250
4 years$296,528$285,245$274,461$264,151$254,293$246,252
5 years$234,850$223,636$212,993$202,894$193,309$185,548
6 years$193,746$182,615$172,130$162,256$152,959$145,488
7 years$164,396$153,360$143,041$133,399$124,397$117,219
8 years$142,395$131,458$121,310$111,905$103,199$96,315
9 years$125,291$114,458$104,484$95,319$86,909$80,316
10 years$111,617$100,889$91,092$82,165$74,050$67,746
11 years$100,435$89,816$80,196$71,509$63,686$57,666
12 years$91,125$80,614$71,172$62,723$55,189$49,447
13 years$83,252$72,851$63,587$55,375$48,126$42,656
14 years$76,510$66,220$57,133$49,155$42,187$36,983
15 years$70,673$60,493$51,584$43,838$37,144$32,199
16 years$65,570$55,501$46,768$39,252$32,828$28,134
17 years$61,072$51,114$42,557$35,268$29,108$24,657
18 years$57,078$47,232$38,849$31,783$25,881$21,666
19 years$53,509$43,774$35,565$28,719$23,069$19,081
20 years$50,301$40,677$32,639$26,011$20,605$16,837
21 years$47,402$37,889$30,022$23,606$18,439$14,882
22 years$44,770$35,368$27,670$21,463$16,528$13,173
23 years$42,370$33,079$25,548$19,547$14,837$11,676
24 years$40,174$30,993$23,628$17,828$13,336$10,361
25 years$38,157$29,085$21,884$16,282$12,000$9,203
26 years$36,298$27,336$20,296$14,887$10,809$8,181
27 years$34,579$25,726$18,847$13,627$9,745$7,279
28 years$32,986$24,241$17,521$12,485$8,793$6,480
29 years$31,506$22,869$16,305$11,449$7,940$5,773
30 years$30,126$21,597$15,187$10,507$7,175$5,146
31 years$28,839$20,417$14,158$9,650$6,486$4,589
32 years$27,634$19,318$13,210$8,869$5,867$4,094
33 years$26,505$18,295$12,334$8,155$5,310$3,653
34 years$25,444$17,339$11,524$7,504$4,808$3,262
35 years$24,446$16,446$10,775$6,908$4,354$2,913
36 years$23,506$15,610$10,079$6,362$3,945$2,602
37 years$22,618$14,826$9,434$5,861$3,576$2,325
38 years$21,780$14,090$8,835$5,403$3,242$2,077
39 years$20,986$13,398$8,277$4,982$2,940$1,857
40 years$20,234$12,747$7,758$4,595$2,666$1,660
41 years$19,520$12,134$7,275$4,239$2,419$1,484
42 years$18,843$11,556$6,824$3,912$2,195$1,327
43 years$18,198$11,010$6,403$3,612$1,992$1,187
44 years$17,585$10,495$6,011$3,335$1,808$1,062
45 years$17,000$10,008$5,644$3,080$1,642$950
46 years$16,442$9,547$5,301$2,845$1,491$850
47 years$15,910$9,111$4,980$2,628$1,353$760
48 years$15,402$8,698$4,680$2,429$1,229$680
49 years$14,915$8,306$4,399$2,244$1,116$609
50 years$14,450$7,934$4,135$2,075$1,014$545

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 $2,992 every year, while hoping to spend $44,639 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: 75/5/20 Blend
39$14,800,000$14,800,000$14,800,000$14,800,000
40$16,312,686$15,528,286$15,298,886$17,458,909
41$17,929,085$16,241,677$15,763,903$18,932,731
42$19,708,860$16,988,527$16,243,002$20,542,046
43$21,668,628$17,770,430$16,736,608$22,304,966
44$23,826,702$18,589,054$17,245,158$24,236,804
45$26,203,257$19,446,149$17,769,102$26,354,421
46$28,820,526$20,343,548$18,308,904$28,676,385
47$31,703,011$21,283,173$18,865,043$31,223,145
48$34,877,706$22,267,036$19,438,010$34,017,221
49$38,374,362$23,297,251$20,028,313$37,083,417
50$42,225,759$24,376,028$20,636,474$40,449,049
51$46,468,020$25,505,688$21,263,030$44,144,207
52$51,140,952$26,688,661$21,908,536$48,202,034
53$56,288,419$27,927,495$22,573,561$52,659,033
54$61,958,757$29,224,861$23,258,695$57,555,417
55$68,205,230$30,583,559$23,964,541$62,935,481
56$75,086,534$32,006,524$24,691,724$68,848,020
57$82,667,349$33,496,832$25,440,885$75,346,785
58$91,018,949$35,057,708$26,212,685$82,490,993
59$100,219,878$36,692,531$27,007,806$90,345,875
60$110,356,687$38,404,847$27,826,949$98,983,300
61$121,524,754$40,198,369$28,670,836$108,482,439
62$133,829,181$42,076,991$29,540,211$118,930,520
63$147,385,790$44,044,796$30,435,841$130,423,642
64$162,322,214$46,106,064$31,358,515$143,067,680
65$178,779,099$48,265,281$32,309,045$156,979,282
66$196,911,438$50,527,150$33,288,268$172,286,970
67$216,890,026$52,896,602$34,297,047$189,132,344
68$238,903,079$55,378,807$35,336,269$207,671,419
69$263,158,008$57,979,183$36,406,848$228,076,091
70$289,883,374$60,703,411$37,509,726$250,535,762
71$319,331,049$63,557,450$38,645,874$275,259,117
72$351,778,594$66,547,543$39,816,288$302,476,093
73$387,531,875$69,680,237$41,021,999$332,440,045
74$426,927,955$72,962,397$42,264,064$365,430,135
75$470,338,272$76,401,220$43,543,575$401,753,960
76$518,172,146$80,004,251$44,861,656$441,750,451
77$570,880,646$83,779,400$46,219,462$485,793,070
78$628,960,843$87,734,962$47,618,186$534,293,330
79$692,960,507$91,879,633$49,059,053$587,704,672
80$763,483,275$96,222,531$50,543,328$646,526,741
81$841,194,351$100,773,217$52,072,310$711,310,098
82$926,826,783$105,541,713$53,647,341$782,661,413
83$1,021,188,388$110,538,530$55,269,800$861,249,182
84$1,125,169,372$115,774,686$56,941,107$947,810,032
85$1,239,750,740$121,261,738$58,662,726$1,043,155,673
86$1,366,013,551$127,011,798$60,436,163$1,148,180,548
87$1,505,149,128$133,037,571$62,262,969$1,263,870,272
88$1,658,470,303$139,352,376$64,144,742$1,391,310,931
89$1,827,423,811$145,970,179$66,083,128$1,531,699,324
90$2,013,603,947$152,905,625$68,079,820$1,686,354,255
91$2,218,767,618$160,174,070$70,136,563$1,856,728,973
92$2,444,850,930$167,791,614$72,255,153$2,044,424,888
93$2,693,987,464$175,775,142$74,437,439$2,251,206,671
94$2,968,528,419$184,142,358$76,685,327$2,479,018,912
95$3,271,064,810$192,911,826$79,000,778$2,730,004,464
96$3,604,451,927$202,103,012$81,385,811$3,006,524,665
97$3,971,836,293$211,736,329$83,842,505$3,311,181,615
98$4,376,685,368$221,833,182$86,373,002$3,646,842,737
99$4,822,820,285$232,416,017$88,979,506$4,016,667,830
100$5,314,451,922$243,508,370$91,664,288$4,424,138,891