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%16.8%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,155,209
2 years$609,123$597,778$586,784$576,124$565,784$532,845
3 years$402,048$390,655$379,688$369,128$358,957$327,049
4 years$298,531$287,173$276,316$265,936$256,011$225,379
5 years$236,437$225,147$214,432$204,264$194,615$165,343
6 years$195,055$183,849$173,293$163,352$153,993$126,107
7 years$165,507$154,396$144,007$134,301$125,237$98,740
8 years$143,357$132,346$122,130$112,661$103,896$78,773
9 years$126,138$115,231$105,190$95,963$87,496$63,723
10 years$112,371$101,571$91,707$82,721$74,551$52,097
11 years$101,114$90,422$80,738$71,992$64,116$42,945
12 years$91,740$81,158$71,653$63,146$55,562$35,634
13 years$83,815$73,343$64,017$55,749$48,451$29,724
14 years$77,027$66,667$57,519$49,488$42,472$24,900
15 years$71,150$60,902$51,932$44,134$37,395$20,932
16 years$66,013$55,876$47,084$39,517$33,050$17,647
17 years$61,484$51,460$42,845$35,506$29,305$14,914
18 years$57,464$47,551$39,112$31,998$26,056$12,629
19 years$53,870$44,070$35,805$28,913$23,225$10,712
20 years$50,640$40,952$32,860$26,186$20,745$9,099
21 years$47,722$38,145$30,225$23,766$18,564$7,738
22 years$45,072$35,607$27,857$21,609$16,640$6,588
23 years$42,657$33,303$25,721$19,679$14,937$5,613
24 years$40,446$31,202$23,787$17,949$13,426$4,785
25 years$38,415$29,282$22,032$16,392$12,081$4,083
26 years$36,543$27,520$20,434$14,988$10,882$3,485
27 years$34,813$25,900$18,974$13,719$9,811$2,976
28 years$33,209$24,405$17,639$12,569$8,853$2,542
29 years$31,718$23,023$16,415$11,526$7,994$2,173
30 years$30,330$21,743$15,290$10,578$7,223$1,857
31 years$29,034$20,555$14,254$9,715$6,530$1,588
32 years$27,821$19,449$13,299$8,929$5,907$1,358
33 years$26,684$18,418$12,418$8,211$5,346$1,161
34 years$25,616$17,456$11,602$7,554$4,840$993
35 years$24,611$16,557$10,847$6,954$4,384$850
36 years$23,665$15,715$10,147$6,405$3,972$727
37 years$22,771$14,926$9,498$5,901$3,600$622
38 years$21,927$14,185$8,894$5,439$3,264$533
39 years$21,128$13,488$8,333$5,015$2,960$456
40 years$20,371$12,833$7,811$4,626$2,685$390
41 years$19,652$12,216$7,324$4,268$2,435$334
42 years$18,970$11,634$6,870$3,939$2,210$286
43 years$18,321$11,085$6,447$3,636$2,006$245
44 years$17,703$10,566$6,051$3,357$1,821$209
45 years$17,115$10,076$5,682$3,100$1,653$179
46 years$16,553$9,612$5,337$2,864$1,501$153
47 years$16,018$9,173$5,014$2,646$1,363$131
48 years$15,506$8,757$4,711$2,445$1,237$112
49 years$15,016$8,362$4,428$2,260$1,124$96
50 years$14,548$7,988$4,163$2,089$1,021$82

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 $6,451 every year, while hoping to spend $44,368 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: 60/22/18 Blend
39$14,900,000$14,900,000$14,900,000$14,900,000
40$16,426,454$15,636,754$15,405,804$17,335,244
41$18,054,745$16,355,748$15,874,691$18,669,229
42$19,847,635$17,108,485$16,357,799$20,118,393
43$21,821,866$17,896,573$16,855,558$21,698,346
44$23,995,886$18,721,695$17,368,408$23,421,759
45$26,390,024$19,585,616$17,896,808$25,302,564
46$29,026,681$20,490,185$18,441,225$27,356,088
47$31,930,540$21,437,342$19,002,144$29,599,187
48$35,128,801$22,429,118$19,580,062$32,050,410
49$38,651,438$23,467,644$20,175,494$34,730,161
50$42,531,478$24,555,152$20,788,966$37,660,891
51$46,805,316$25,693,982$21,421,024$40,867,307
52$51,513,058$26,886,587$22,072,228$44,376,597
53$56,698,899$28,135,538$22,743,155$48,218,683
54$62,411,537$29,443,529$23,434,402$52,426,499
55$68,704,639$30,813,388$24,146,579$57,036,294
56$75,637,341$32,248,073$24,880,319$62,087,970
57$83,274,812$33,750,691$25,636,272$67,625,455
58$91,688,862$35,324,494$26,415,106$73,697,104
59$100,958,626$36,972,894$27,217,512$80,356,158
60$111,171,307$38,699,467$28,044,200$87,661,232
61$122,423,001$40,507,961$28,895,901$95,676,868
62$134,819,602$42,402,307$29,773,369$104,474,129
63$148,477,805$44,386,623$30,677,381$114,131,269
64$163,526,203$46,465,229$31,608,734$124,734,459
65$180,106,502$48,642,652$32,568,253$136,378,595
66$198,374,862$50,923,638$33,556,786$149,168,181
67$218,503,365$53,313,164$34,575,206$163,218,311
68$240,681,645$55,816,446$35,624,413$178,655,741
69$265,118,674$58,438,953$36,705,332$195,620,078
70$292,044,737$61,186,420$37,818,918$214,265,088
71$321,713,603$64,064,857$38,966,154$234,760,133
72$354,404,922$67,080,567$40,148,053$257,291,762
73$390,426,867$70,240,157$41,365,655$282,065,456
74$430,119,038$73,550,556$42,620,036$309,307,559
75$473,855,673$77,019,026$43,912,300$339,267,398
76$522,049,176$80,653,182$45,243,586$372,219,625
77$575,154,013$84,461,010$46,615,068$408,466,794
78$633,671,003$88,450,879$48,027,952$448,342,202
79$698,152,040$92,631,567$49,483,484$492,213,022
80$769,205,311$97,012,277$50,982,943$540,483,746
81$847,501,031$101,602,657$52,527,650$593,599,995
82$933,777,773$106,412,824$54,118,963$652,052,700
83$1,028,849,440$111,453,386$55,758,282$716,382,723
84$1,133,612,946$116,735,465$57,447,048$787,185,939
85$1,249,056,686$122,270,723$59,186,744$865,118,843
86$1,376,269,868$128,071,388$60,978,899$950,904,725
87$1,516,452,790$134,150,282$62,825,088$1,045,340,475
88$1,670,928,177$140,520,848$64,726,931$1,149,304,083
89$1,841,153,666$147,197,184$66,686,098$1,263,762,903
90$2,028,735,565$154,194,071$68,704,308$1,389,782,758
91$2,235,444,021$161,527,009$70,783,330$1,528,537,976
92$2,463,229,728$169,212,250$72,924,989$1,681,322,445
93$2,714,242,346$177,266,836$75,131,162$1,849,561,803
94$2,990,850,791$185,708,636$77,403,781$2,034,826,863
95$3,295,665,603$194,556,391$79,744,839$2,238,848,409
96$3,631,563,589$203,829,748$82,156,386$2,463,533,502
97$4,001,714,982$213,549,313$84,640,532$2,710,983,448
98$4,409,613,372$223,736,691$87,199,451$2,983,513,602
99$4,859,108,687$234,414,540$89,835,384$3,283,675,180
100$5,354,443,539$245,606,619$92,550,636$3,614,279,311