Can I retire at age 40 with 14,900,000?

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,153,349
2 years$609,123$597,778$586,784$576,124$565,784$531,008
3 years$402,048$390,655$379,688$369,128$358,957$325,292
4 years$298,531$287,173$276,316$265,936$256,011$223,716
5 years$236,437$225,147$214,432$204,264$194,615$163,778
6 years$195,055$183,849$173,293$163,352$153,993$124,640
7 years$165,507$154,396$144,007$134,301$125,237$97,370
8 years$143,357$132,346$122,130$112,661$103,896$77,498
9 years$126,138$115,231$105,190$95,963$87,496$62,539
10 years$112,371$101,571$91,707$82,721$74,551$51,001
11 years$101,114$90,422$80,738$71,992$64,116$41,934
12 years$91,740$81,158$71,653$63,146$55,562$34,703
13 years$83,815$73,343$64,017$55,749$48,451$28,869
14 years$77,027$66,667$57,519$49,488$42,472$24,117
15 years$71,150$60,902$51,932$44,134$37,395$20,217
16 years$66,013$55,876$47,084$39,517$33,050$16,996
17 years$61,484$51,460$42,845$35,506$29,305$14,322
18 years$57,464$47,551$39,112$31,998$26,056$12,092
19 years$53,870$44,070$35,805$28,913$23,225$10,226
20 years$50,640$40,952$32,860$26,186$20,745$8,659
21 years$47,722$38,145$30,225$23,766$18,564$7,342
22 years$45,072$35,607$27,857$21,609$16,640$6,230
23 years$42,657$33,303$25,721$19,679$14,937$5,292
24 years$40,446$31,202$23,787$17,949$13,426$4,497
25 years$38,415$29,282$22,032$16,392$12,081$3,825
26 years$36,543$27,520$20,434$14,988$10,882$3,254
27 years$34,813$25,900$18,974$13,719$9,811$2,770
28 years$33,209$24,405$17,639$12,569$8,853$2,359
29 years$31,718$23,023$16,415$11,526$7,994$2,009
30 years$30,330$21,743$15,290$10,578$7,223$1,712
31 years$29,034$20,555$14,254$9,715$6,530$1,459
32 years$27,821$19,449$13,299$8,929$5,907$1,243
33 years$26,684$18,418$12,418$8,211$5,346$1,060
34 years$25,616$17,456$11,602$7,554$4,840$903
35 years$24,611$16,557$10,847$6,954$4,384$770
36 years$23,665$15,715$10,147$6,405$3,972$657
37 years$22,771$14,926$9,498$5,901$3,600$560
38 years$21,927$14,185$8,894$5,439$3,264$478
39 years$21,128$13,488$8,333$5,015$2,960$408
40 years$20,371$12,833$7,811$4,626$2,685$348
41 years$19,652$12,216$7,324$4,268$2,435$297
42 years$18,970$11,634$6,870$3,939$2,210$253
43 years$18,321$11,085$6,447$3,636$2,006$216
44 years$17,703$10,566$6,051$3,357$1,821$184
45 years$17,115$10,076$5,682$3,100$1,653$157
46 years$16,553$9,612$5,337$2,864$1,501$134
47 years$16,018$9,173$5,014$2,646$1,363$114
48 years$15,506$8,757$4,711$2,445$1,237$98
49 years$15,016$8,362$4,428$2,260$1,124$83
50 years$14,548$7,988$4,163$2,089$1,021$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $14,900,000, adding $3,334 every year, while hoping to spend $59,847 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: 77/9/14 Blend
39$14,900,000$14,900,000$14,900,000$14,900,000
40$16,423,239$15,633,539$15,402,589$17,640,037
41$18,034,733$16,335,906$15,854,899$19,145,091
42$19,808,593$17,070,683$16,320,356$20,787,175
43$21,761,318$17,839,394$16,799,336$22,586,199
44$23,911,086$18,643,639$17,292,228$24,557,796
45$26,277,930$19,485,090$17,799,430$26,719,179
46$28,883,921$20,365,502$18,321,353$29,089,303
47$31,753,381$21,286,711$18,858,419$31,689,039
48$34,913,109$22,250,644$19,411,059$34,541,373
49$38,392,638$23,259,317$19,979,722$37,671,619
50$42,224,508$24,314,844$20,564,863$41,107,656
51$46,444,578$25,419,441$21,166,955$44,880,188
52$51,092,359$26,575,428$21,786,483$49,023,032
53$56,211,392$27,785,237$22,423,943$53,573,436
54$61,849,657$29,051,416$23,079,847$58,572,427
55$68,060,022$30,376,636$23,754,723$64,065,195
56$74,900,749$31,763,696$24,449,111$70,101,520
57$82,436,036$33,215,527$25,163,566$76,736,234
58$90,736,627$34,735,204$25,898,661$84,029,741
59$99,880,481$36,325,946$26,654,984$92,048,578
60$109,953,502$37,991,130$27,433,138$100,866,048
61$121,050,355$39,734,291$28,233,744$110,562,900
62$133,275,358$41,559,138$29,057,441$121,228,095
63$146,743,464$43,469,555$29,904,885$132,959,638
64$161,581,348$45,469,614$30,776,750$145,865,500
65$177,928,603$47,563,583$31,673,728$160,064,634
66$195,939,056$49,755,934$32,596,533$175,688,094
67$215,782,219$52,051,354$33,545,897$192,880,268
68$237,644,893$54,454,758$34,522,572$211,800,235
69$261,732,925$56,971,294$35,527,331$232,623,265
70$288,273,157$59,606,361$36,560,970$255,542,466
71$317,515,562$62,365,615$37,624,305$280,770,603
72$349,735,606$65,254,987$38,718,176$308,542,103
73$385,236,848$68,280,692$39,843,446$339,115,259
74$424,353,806$71,449,245$41,001,001$372,774,666
75$467,455,112$74,767,476$42,191,752$409,833,901
76$514,946,993$78,242,542$43,416,635$450,638,476
77$567,277,107$81,881,947$44,676,613$495,569,094
78$624,938,766$85,693,557$45,972,674$545,045,237
79$688,475,596$89,685,617$47,305,834$599,529,118
80$758,486,665$93,866,770$48,677,137$659,530,037
81$835,632,138$98,246,076$50,087,656$725,609,185
82$920,639,515$102,833,032$51,538,491$798,384,928
83$1,014,310,491$107,637,596$53,030,775$878,538,642
84$1,117,528,527$112,670,204$54,565,673$966,821,134
85$1,231,267,192$117,941,799$56,144,377$1,064,059,722
86$1,356,599,349$123,463,850$57,768,117$1,171,166,034
87$1,494,707,287$129,248,384$59,438,154$1,289,144,609
88$1,646,893,882$135,308,006$61,155,783$1,419,102,367
89$1,814,594,892$141,655,933$62,922,337$1,562,259,048
90$1,999,392,517$148,306,020$64,739,181$1,719,958,718
91$2,203,030,332$155,272,793$66,607,722$1,893,682,445
92$2,427,429,747$162,571,480$68,529,401$2,085,062,270
93$2,674,708,147$170,218,049$70,505,703$2,295,896,602
94$2,947,198,882$178,229,238$72,538,148$2,528,167,183
95$3,247,473,293$186,622,595$74,628,300$2,784,057,783
96$3,578,364,988$195,416,521$76,777,767$3,065,974,800
97$3,942,996,592$204,630,306$78,988,198$3,376,569,970
98$4,344,809,229$214,284,175$81,261,287$3,718,765,379
99$4,787,595,004$224,399,334$83,598,774$4,095,781,034
100$5,275,532,809$234,998,016$86,002,447$4,511,165,249