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%17.4%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,152,422
2 years$609,123$597,778$586,784$576,124$565,784$530,093
3 years$402,048$390,655$379,688$369,128$358,957$324,418
4 years$298,531$287,173$276,316$265,936$256,011$222,890
5 years$236,437$225,147$214,432$204,264$194,615$163,001
6 years$195,055$183,849$173,293$163,352$153,993$123,914
7 years$165,507$154,396$144,007$134,301$125,237$96,692
8 years$143,357$132,346$122,130$112,661$103,896$76,868
9 years$126,138$115,231$105,190$95,963$87,496$61,955
10 years$112,371$101,571$91,707$82,721$74,551$50,462
11 years$101,114$90,422$80,738$71,992$64,116$41,437
12 years$91,740$81,158$71,653$63,146$55,562$34,247
13 years$83,815$73,343$64,017$55,749$48,451$28,451
14 years$77,027$66,667$57,519$49,488$42,472$23,735
15 years$71,150$60,902$51,932$44,134$37,395$19,869
16 years$66,013$55,876$47,084$39,517$33,050$16,679
17 years$61,484$51,460$42,845$35,506$29,305$14,034
18 years$57,464$47,551$39,112$31,998$26,056$11,831
19 years$53,870$44,070$35,805$28,913$23,225$9,990
20 years$50,640$40,952$32,860$26,186$20,745$8,447
21 years$47,722$38,145$30,225$23,766$18,564$7,151
22 years$45,072$35,607$27,857$21,609$16,640$6,059
23 years$42,657$33,303$25,721$19,679$14,937$5,138
24 years$40,446$31,202$23,787$17,949$13,426$4,360
25 years$38,415$29,282$22,032$16,392$12,081$3,702
26 years$36,543$27,520$20,434$14,988$10,882$3,144
27 years$34,813$25,900$18,974$13,719$9,811$2,672
28 years$33,209$24,405$17,639$12,569$8,853$2,272
29 years$31,718$23,023$16,415$11,526$7,994$1,932
30 years$30,330$21,743$15,290$10,578$7,223$1,643
31 years$29,034$20,555$14,254$9,715$6,530$1,398
32 years$27,821$19,449$13,299$8,929$5,907$1,189
33 years$26,684$18,418$12,418$8,211$5,346$1,012
34 years$25,616$17,456$11,602$7,554$4,840$862
35 years$24,611$16,557$10,847$6,954$4,384$733
36 years$23,665$15,715$10,147$6,405$3,972$624
37 years$22,771$14,926$9,498$5,901$3,600$532
38 years$21,927$14,185$8,894$5,439$3,264$453
39 years$21,128$13,488$8,333$5,015$2,960$385
40 years$20,371$12,833$7,811$4,626$2,685$328
41 years$19,652$12,216$7,324$4,268$2,435$279
42 years$18,970$11,634$6,870$3,939$2,210$238
43 years$18,321$11,085$6,447$3,636$2,006$203
44 years$17,703$10,566$6,051$3,357$1,821$173
45 years$17,115$10,076$5,682$3,100$1,653$147
46 years$16,553$9,612$5,337$2,864$1,501$125
47 years$16,018$9,173$5,014$2,646$1,363$107
48 years$15,506$8,757$4,711$2,445$1,237$91
49 years$15,016$8,362$4,428$2,260$1,124$77
50 years$14,548$7,988$4,163$2,089$1,021$66

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 $4,553 every year, while hoping to spend $57,929 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: 49/42/9 Blend
39$14,900,000$14,900,000$14,900,000$14,900,000
40$16,424,496$15,634,796$15,403,846$17,189,721
41$18,038,159$16,339,265$15,858,239$18,418,588
42$19,814,474$17,076,312$16,325,913$19,746,134
43$21,769,970$17,847,471$16,807,251$21,186,739
44$23,922,861$18,654,351$17,302,647$22,750,983
45$26,293,216$19,498,637$17,812,509$24,450,485
46$28,903,149$20,382,096$18,337,254$26,298,001
47$31,777,028$21,306,576$18,877,309$28,307,546
48$34,941,704$22,274,018$19,433,119$30,494,514
49$38,426,765$23,286,452$20,005,135$32,875,819
50$42,264,814$24,346,007$20,593,826$35,470,048
51$46,491,777$25,454,913$21,199,671$38,297,627
52$51,147,243$26,615,509$21,823,165$41,381,009
53$56,274,835$27,830,242$22,464,815$44,744,878
54$61,922,625$29,101,681$23,125,143$48,416,370
55$68,143,584$30,432,514$23,804,686$52,425,323
56$74,996,084$31,825,561$24,503,997$56,804,551
57$82,544,446$33,283,776$25,223,643$61,590,142
58$90,859,553$34,810,255$25,964,209$66,821,788
59$100,019,512$36,408,241$26,726,293$72,543,150
60$110,110,393$38,081,136$27,510,515$78,802,262
61$121,227,044$39,832,502$28,317,508$85,651,968
62$133,473,983$41,666,076$29,147,925$93,150,413
63$146,966,386$43,585,770$30,002,438$101,361,576
64$161,831,173$45,595,688$30,881,735$110,355,864
65$178,208,206$47,700,130$31,786,526$120,210,760
66$196,251,609$49,903,603$32,717,541$131,011,542
67$216,131,224$52,210,830$33,675,530$142,852,072
68$238,034,211$54,626,763$34,661,262$155,835,666
69$262,166,817$57,156,591$35,675,531$170,076,055
70$288,756,321$59,805,754$36,719,151$185,698,437
71$318,053,183$62,579,953$37,792,959$202,840,644
72$350,333,402$65,485,164$38,897,818$221,654,426
73$385,901,126$68,527,654$40,034,611$242,306,857
74$425,091,519$71,713,987$41,204,248$264,981,899
75$468,273,929$75,051,048$42,407,666$289,882,113
76$515,855,372$78,546,051$43,645,825$317,230,547
77$568,284,373$82,206,561$44,919,714$347,272,820
78$626,055,203$86,040,507$46,230,348$380,279,417
79$689,712,541$90,056,199$47,578,772$416,548,214
80$759,856,618$94,262,350$48,966,059$456,407,262
81$837,148,883$98,668,095$50,393,312$500,217,857
82$922,318,246$103,283,009$51,861,665$548,377,921
83$1,016,167,960$108,117,129$53,372,283$601,325,726
84$1,119,583,202$113,180,979$54,926,365$659,543,997
85$1,233,539,431$118,485,589$56,525,140$723,564,439
86$1,359,111,596$124,042,526$58,169,876$793,972,716
87$1,497,484,283$129,863,914$59,861,870$871,413,944
88$1,649,962,898$135,962,464$61,602,461$956,598,742
89$1,817,985,991$142,351,502$63,393,021$1,050,309,897
90$2,003,138,836$149,044,999$65,234,961$1,153,409,712
91$2,207,168,397$156,057,604$67,129,732$1,266,848,103
92$2,431,999,819$163,404,672$69,078,824$1,391,671,514
93$2,679,754,604$171,102,305$71,083,768$1,529,032,750
94$2,952,770,637$179,167,381$73,146,138$1,680,201,807
95$3,253,624,260$187,617,600$75,267,551$1,846,577,806
96$3,585,154,589$196,471,517$77,449,668$2,029,702,144
97$3,950,490,322$205,748,587$79,694,197$2,231,272,986
98$4,353,079,273$215,469,206$82,002,891$2,453,161,233
99$4,796,720,925$225,654,763$84,377,554$2,697,428,120
100$5,285,602,293$236,327,680$86,820,036$2,966,344,606