Can I retire at age 40 with 15,000,000?

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 $15,000,000?

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$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,161,089
2 years$613,211$601,790$590,722$579,991$569,581$534,572
3 years$404,746$393,277$382,236$371,606$361,366$327,475
4 years$300,535$289,100$278,170$267,721$257,729$225,217
5 years$238,024$226,658$215,871$205,635$195,922$164,877
6 years$196,364$185,083$174,456$164,448$155,026$125,477
7 years$166,618$155,433$144,974$135,202$126,078$98,024
8 years$144,319$133,234$122,949$113,418$104,594$78,018
9 years$126,984$116,005$105,896$96,607$88,083$62,959
10 years$113,125$102,252$92,323$83,276$75,051$51,344
11 years$101,793$91,029$81,280$72,475$64,546$42,216
12 years$92,356$81,703$72,133$63,570$55,935$34,936
13 years$84,377$73,836$64,446$56,123$48,776$29,063
14 years$77,544$67,114$57,905$49,820$42,757$24,279
15 years$71,628$61,310$52,281$44,430$37,646$20,353
16 years$66,456$56,251$47,400$39,783$33,272$17,110
17 years$61,897$51,805$43,132$35,744$29,501$14,418
18 years$57,849$47,870$39,374$32,213$26,231$12,173
19 years$54,232$44,366$36,045$29,107$23,380$10,294
20 years$50,980$41,227$33,081$26,362$20,884$8,718
21 years$48,042$38,401$30,428$23,925$18,689$7,391
22 years$45,375$35,846$28,044$21,754$16,752$6,272
23 years$42,943$33,526$25,894$19,811$15,037$5,327
24 years$40,717$31,412$23,947$18,069$13,516$4,528
25 years$38,672$29,478$22,180$16,502$12,162$3,850
26 years$36,788$27,705$20,571$15,088$10,955$3,276
27 years$35,046$26,074$19,102$13,811$9,877$2,788
28 years$33,432$24,569$17,757$12,654$8,912$2,374
29 years$31,931$23,178$16,525$11,604$8,048$2,022
30 years$30,534$21,889$15,392$10,649$7,272$1,723
31 years$29,228$20,693$14,350$9,780$6,574$1,468
32 years$28,007$19,579$13,389$8,989$5,947$1,251
33 years$26,863$18,542$12,501$8,266$5,382$1,067
34 years$25,788$17,574$11,680$7,605$4,873$910
35 years$24,776$16,668$10,920$7,001$4,413$776
36 years$23,823$15,821$10,216$6,448$3,999$661
37 years$22,924$15,026$9,562$5,941$3,624$564
38 years$22,074$14,280$8,954$5,476$3,286$481
39 years$21,270$13,579$8,389$5,049$2,980$410
40 years$20,507$12,919$7,863$4,657$2,703$350
41 years$19,784$12,298$7,373$4,297$2,452$299
42 years$19,097$11,712$6,916$3,965$2,225$255
43 years$18,444$11,159$6,490$3,660$2,019$217
44 years$17,822$10,637$6,092$3,380$1,833$185
45 years$17,230$10,143$5,720$3,121$1,664$158
46 years$16,665$9,676$5,372$2,883$1,511$135
47 years$16,125$9,234$5,047$2,664$1,372$115
48 years$15,610$8,815$4,743$2,461$1,246$98
49 years$15,117$8,418$4,458$2,275$1,131$84
50 years$14,645$8,041$4,191$2,103$1,028$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $15,000,000, adding $3,894 every year, while hoping to spend $23,618 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: 78/8/14 Blend
39$15,000,000$15,000,000$15,000,000$15,000,000
40$16,534,017$15,739,017$15,506,517$17,776,081
41$18,195,357$16,485,099$16,000,856$19,340,810
42$20,025,362$17,266,948$16,510,963$21,053,300
43$22,041,212$18,086,291$17,037,343$22,931,036
44$24,261,836$18,944,940$17,580,514$24,990,519
45$26,708,095$19,844,793$18,141,013$27,249,916
46$29,402,976$20,787,843$18,719,393$29,729,234
47$32,371,810$21,776,179$19,316,223$32,450,503
48$35,642,513$22,811,989$19,932,094$35,437,988
49$39,245,843$23,897,571$20,567,614$38,718,409
50$43,215,699$25,035,331$21,223,408$42,321,195
51$47,589,433$26,227,796$21,900,126$46,278,760
52$52,408,209$27,477,612$22,598,434$50,626,805
53$57,717,387$28,787,555$23,319,022$55,404,652
54$63,566,952$30,160,537$24,062,601$60,655,615
55$70,011,988$31,599,611$24,829,905$66,427,403
56$77,113,197$33,107,977$25,621,692$72,772,571
57$84,937,467$34,688,992$26,438,744$79,749,011
58$93,558,514$36,346,178$27,281,866$87,420,494
59$103,057,566$38,083,224$28,151,892$95,857,275
60$113,524,137$39,904,002$29,049,681$105,136,744
61$125,056,873$41,812,571$29,976,118$115,344,161
62$137,764,475$43,813,188$30,932,119$126,573,453
63$151,766,734$45,910,318$31,918,628$138,928,098
64$167,195,658$48,108,640$32,936,619$152,522,098
65$184,196,717$50,413,065$33,987,098$167,481,052
66$202,930,217$52,828,741$35,071,101$183,943,334
67$223,572,816$55,361,065$36,189,699$202,061,400
68$246,319,186$58,015,701$37,343,997$222,003,219
69$271,383,858$60,798,585$38,535,136$243,953,855
70$299,003,240$63,715,944$39,764,291$268,117,209
71$329,437,853$66,774,308$41,032,678$294,717,937
72$362,974,790$69,980,524$42,341,548$324,003,569
73$399,930,423$73,341,775$43,692,195$356,246,837
74$440,653,396$76,865,592$45,085,953$391,748,246
75$485,527,909$80,559,872$46,524,199$430,838,900
76$534,977,350$84,432,901$48,008,354$473,883,629
77$589,468,291$88,493,364$49,539,885$521,284,420
78$649,514,890$92,750,372$51,120,304$573,484,207
79$715,683,748$97,213,479$52,751,174$630,971,045
80$788,599,257$101,892,707$54,434,105$694,282,711
81$868,949,495$106,798,563$56,170,762$764,011,772
82$957,492,721$111,942,070$57,962,859$840,811,170
83$1,055,064,532$117,334,785$59,812,168$925,400,378
84$1,162,585,756$122,988,831$61,720,518$1,018,572,184
85$1,281,071,141$128,916,922$63,689,793$1,121,200,167
86$1,411,638,937$135,132,390$65,721,941$1,234,246,928
87$1,555,521,452$141,649,221$67,818,969$1,358,773,176
88$1,714,076,687$148,482,080$69,982,951$1,495,947,724
89$1,888,801,155$155,646,348$72,216,027$1,647,058,517
90$2,081,344,011$163,158,157$74,520,402$1,813,524,775
91$2,293,522,621$171,034,428$76,898,356$1,996,910,383
92$2,527,339,717$179,292,903$79,352,239$2,198,938,638
93$2,785,002,307$187,952,194$81,884,478$2,421,508,511
94$3,068,942,510$197,031,819$84,497,576$2,666,712,553
95$3,381,840,517$206,552,250$87,194,117$2,936,856,643
96$3,726,649,897$216,534,957$89,976,766$3,234,481,736
97$4,106,625,475$227,002,459$92,848,276$3,562,387,840
98$4,525,354,067$237,978,372$95,811,487$3,923,660,430
99$4,986,788,338$249,487,469$98,869,328$4,321,699,563
100$5,495,284,121$261,555,728$102,024,824$4,760,251,958