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

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,144,625
2 years$609,123$597,778$586,784$576,124$565,784$522,421
3 years$402,048$390,655$379,688$369,128$358,957$317,116
4 years$298,531$287,173$276,316$265,936$256,011$216,012
5 years$236,437$225,147$214,432$204,264$194,615$156,562
6 years$195,055$183,849$173,293$163,352$153,993$117,913
7 years$165,507$154,396$144,007$134,301$125,237$91,122
8 years$143,357$132,346$122,130$112,661$103,896$71,715
9 years$126,138$115,231$105,190$95,963$87,496$57,205
10 years$112,371$101,571$91,707$82,721$74,551$46,097
11 years$101,114$90,422$80,738$71,992$64,116$37,438
12 years$91,740$81,158$71,653$63,146$55,562$30,594
13 years$83,815$73,343$64,017$55,749$48,451$25,124
14 years$77,027$66,667$57,519$49,488$42,472$20,713
15 years$71,150$60,902$51,932$44,134$37,395$17,131
16 years$66,013$55,876$47,084$39,517$33,050$14,205
17 years$61,484$51,460$42,845$35,506$29,305$11,804
18 years$57,464$47,551$39,112$31,998$26,056$9,826
19 years$53,870$44,070$35,805$28,913$23,225$8,191
20 years$50,640$40,952$32,860$26,186$20,745$6,837
21 years$47,722$38,145$30,225$23,766$18,564$5,711
22 years$45,072$35,607$27,857$21,609$16,640$4,776
23 years$42,657$33,303$25,721$19,679$14,937$3,996
24 years$40,446$31,202$23,787$17,949$13,426$3,345
25 years$38,415$29,282$22,032$16,392$12,081$2,802
26 years$36,543$27,520$20,434$14,988$10,882$2,348
27 years$34,813$25,900$18,974$13,719$9,811$1,968
28 years$33,209$24,405$17,639$12,569$8,853$1,650
29 years$31,718$23,023$16,415$11,526$7,994$1,384
30 years$30,330$21,743$15,290$10,578$7,223$1,160
31 years$29,034$20,555$14,254$9,715$6,530$974
32 years$27,821$19,449$13,299$8,929$5,907$817
33 years$26,684$18,418$12,418$8,211$5,346$685
34 years$25,616$17,456$11,602$7,554$4,840$575
35 years$24,611$16,557$10,847$6,954$4,384$483
36 years$23,665$15,715$10,147$6,405$3,972$405
37 years$22,771$14,926$9,498$5,901$3,600$340
38 years$21,927$14,185$8,894$5,439$3,264$286
39 years$21,128$13,488$8,333$5,015$2,960$240
40 years$20,371$12,833$7,811$4,626$2,685$201
41 years$19,652$12,216$7,324$4,268$2,435$169
42 years$18,970$11,634$6,870$3,939$2,210$142
43 years$18,321$11,085$6,447$3,636$2,006$119
44 years$17,703$10,566$6,051$3,357$1,821$100
45 years$17,115$10,076$5,682$3,100$1,653$84
46 years$16,553$9,612$5,337$2,864$1,501$70
47 years$16,018$9,173$5,014$2,646$1,363$59
48 years$15,506$8,757$4,711$2,445$1,237$50
49 years$15,016$8,362$4,428$2,260$1,124$42
50 years$14,548$7,988$4,163$2,089$1,021$35

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 $3,908 every year, while hoping to spend $27,657 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: 58/16/26 Blend
39$14,900,000$14,900,000$14,900,000$14,900,000
40$16,423,831$15,634,131$15,403,181$17,260,172
41$18,069,635$16,370,777$15,889,761$18,569,025
42$19,882,384$17,142,591$16,391,714$19,992,153
43$21,879,077$17,951,268$16,909,527$21,543,301
44$24,078,447$18,798,584$17,443,699$23,234,876
45$26,501,135$19,686,401$17,994,750$25,080,522
46$29,169,888$20,616,672$18,563,211$27,095,250
47$32,109,771$21,591,443$19,149,633$29,295,571
48$35,348,406$22,612,862$19,754,584$31,699,652
49$38,916,230$23,683,179$20,378,649$34,327,484
50$42,846,784$24,804,753$21,022,433$37,201,063
51$47,177,029$25,980,059$21,686,557$40,344,596
52$51,947,695$27,211,691$22,371,666$43,784,723
53$57,203,665$28,502,369$23,078,422$47,550,767
54$62,994,399$29,854,946$23,807,509$51,675,004
55$69,374,401$31,272,411$24,559,634$56,192,962
56$76,403,732$32,757,902$25,335,524$61,143,752
57$84,148,579$34,314,705$26,135,930$66,570,431
58$92,681,878$35,946,269$26,961,628$72,520,404
59$102,084,002$37,656,210$27,813,415$79,045,865
60$112,443,524$39,448,317$28,692,118$86,204,283
61$123,858,046$41,326,567$29,598,586$94,058,938
62$136,435,125$43,295,127$30,533,697$102,679,512
63$150,293,288$45,358,369$31,498,357$112,142,738
64$165,563,151$47,520,876$32,493,499$122,533,122
65$182,388,647$49,787,454$33,520,086$133,943,726
66$200,928,393$52,163,143$34,579,113$146,477,045
67$221,357,180$54,653,229$35,671,604$160,245,960
68$243,867,628$57,263,252$36,798,618$175,374,801
69$268,671,999$59,999,025$37,961,245$192,000,507
70$296,004,208$62,866,641$39,160,612$210,273,911
71$326,122,023$65,872,493$40,397,878$230,361,154
72$359,309,505$69,023,281$41,674,243$252,445,243
73$395,879,685$72,326,033$42,990,941$276,727,767
74$436,177,524$75,788,119$44,349,248$303,430,790
75$480,583,162$79,417,268$45,750,479$332,798,935
76$529,515,515$83,221,584$47,195,990$365,101,678
77$583,436,223$87,209,567$48,687,181$400,635,887
78$642,854,013$91,390,130$50,225,497$439,728,602
79$708,329,496$95,772,621$51,812,425$482,740,114
80$780,480,467$100,366,842$53,449,504$530,067,350
81$859,987,730$105,183,072$55,138,317$582,147,604
82$947,601,528$110,232,093$56,880,501$639,462,652
83$1,044,148,628$115,525,209$58,677,742$702,543,280
84$1,150,540,122$121,074,279$60,531,780$771,974,280
85$1,267,780,031$126,891,735$62,444,411$848,399,952
86$1,396,974,783$132,990,619$64,417,487$932,530,166
87$1,539,343,657$139,384,605$66,452,919$1,025,147,046
88$1,696,230,295$146,088,036$68,552,677$1,127,112,332
89$1,869,115,388$153,115,953$70,718,795$1,239,375,493
90$2,059,630,654$160,484,130$72,953,371$1,362,982,669
91$2,269,574,239$168,209,111$75,258,567$1,499,086,522
92$2,500,927,700$176,308,246$77,636,618$1,648,957,096
93$2,755,874,706$184,799,731$80,089,825$1,813,993,777
94$3,036,821,657$193,702,648$82,620,565$1,995,738,483
95$3,346,420,400$203,037,012$85,231,288$2,195,890,186
96$3,687,593,267$212,823,812$87,924,522$2,416,320,926
97$4,063,560,663$223,085,062$90,702,877$2,659,093,453
98$4,477,871,470$233,843,849$93,569,042$2,926,480,669
99$4,934,436,549$245,124,386$96,525,794$3,220,987,050
100$5,437,565,664$256,952,069$99,575,996$3,545,372,257