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

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 $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%13.9%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,176,790
2 years$613,211$601,790$590,722$579,991$569,581$550,159
3 years$404,746$393,277$382,236$371,606$361,366$342,456
4 years$300,535$289,100$278,170$267,721$257,729$239,478
5 years$238,024$226,658$215,871$205,635$195,922$178,382
6 years$196,364$185,083$174,456$164,448$155,026$138,218
7 years$166,618$155,433$144,974$135,202$126,078$110,007
8 years$144,319$133,234$122,949$113,418$104,594$89,256
9 years$126,984$116,005$105,896$96,607$88,083$73,471
10 years$113,125$102,252$92,323$83,276$75,051$61,153
11 years$101,793$91,029$81,280$72,475$64,546$51,347
12 years$92,356$81,703$72,133$63,570$55,935$43,418
13 years$84,377$73,836$64,446$56,123$48,776$36,923
14 years$77,544$67,114$57,905$49,820$42,757$31,548
15 years$71,628$61,310$52,281$44,430$37,646$27,061
16 years$66,456$56,251$47,400$39,783$33,272$23,289
17 years$61,897$51,805$43,132$35,744$29,501$20,097
18 years$57,849$47,870$39,374$32,213$26,231$17,384
19 years$54,232$44,366$36,045$29,107$23,380$15,067
20 years$50,980$41,227$33,081$26,362$20,884$13,081
21 years$48,042$38,401$30,428$23,925$18,689$11,374
22 years$45,375$35,846$28,044$21,754$16,752$9,902
23 years$42,943$33,526$25,894$19,811$15,037$8,630
24 years$40,717$31,412$23,947$18,069$13,516$7,528
25 years$38,672$29,478$22,180$16,502$12,162$6,572
26 years$36,788$27,705$20,571$15,088$10,955$5,742
27 years$35,046$26,074$19,102$13,811$9,877$5,020
28 years$33,432$24,569$17,757$12,654$8,912$4,391
29 years$31,931$23,178$16,525$11,604$8,048$3,842
30 years$30,534$21,889$15,392$10,649$7,272$3,364
31 years$29,228$20,693$14,350$9,780$6,574$2,946
32 years$28,007$19,579$13,389$8,989$5,947$2,581
33 years$26,863$18,542$12,501$8,266$5,382$2,261
34 years$25,788$17,574$11,680$7,605$4,873$1,982
35 years$24,776$16,668$10,920$7,001$4,413$1,738
36 years$23,823$15,821$10,216$6,448$3,999$1,524
37 years$22,924$15,026$9,562$5,941$3,624$1,336
38 years$22,074$14,280$8,954$5,476$3,286$1,172
39 years$21,270$13,579$8,389$5,049$2,980$1,028
40 years$20,507$12,919$7,863$4,657$2,703$902
41 years$19,784$12,298$7,373$4,297$2,452$791
42 years$19,097$11,712$6,916$3,965$2,225$694
43 years$18,444$11,159$6,490$3,660$2,019$609
44 years$17,822$10,637$6,092$3,380$1,833$535
45 years$17,230$10,143$5,720$3,121$1,664$469
46 years$16,665$9,676$5,372$2,883$1,511$412
47 years$16,125$9,234$5,047$2,664$1,372$361
48 years$15,610$8,815$4,743$2,461$1,246$317
49 years$15,117$8,418$4,458$2,275$1,131$278
50 years$14,645$8,041$4,191$2,103$1,028$244

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 $6,752 every year, while hoping to spend $48,243 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: 78/14/8 Blend
39$15,000,000$15,000,000$15,000,000$15,000,000
40$16,536,965$15,741,965$15,509,465$17,808,080
41$18,172,405$16,461,991$15,977,702$19,363,490
42$19,973,043$17,215,681$16,460,008$21,061,955
43$21,955,679$18,004,635$16,956,803$22,923,238
44$24,138,823$18,830,527$17,468,520$24,963,534
45$26,542,873$19,695,112$17,995,606$27,200,670
46$29,190,305$20,600,233$18,538,519$29,654,274
47$32,105,888$21,547,816$19,097,730$32,345,959
48$35,316,913$22,539,883$19,673,728$35,299,519
49$38,853,453$23,578,552$20,267,013$38,541,158
50$42,748,648$24,666,044$20,878,101$42,099,730
51$47,039,015$25,804,685$21,507,523$46,007,010
52$51,764,795$26,996,915$22,155,825$50,297,991
53$56,970,330$28,245,290$22,823,572$55,011,209
54$62,704,484$29,552,490$23,511,342$60,189,108
55$69,021,102$30,921,322$24,219,732$65,878,432
56$75,979,519$32,354,731$24,949,357$72,130,667
57$83,645,120$33,855,803$25,700,851$79,002,521
58$92,089,956$35,427,771$26,474,863$86,556,455
59$101,393,426$37,074,027$27,272,066$94,861,272
60$111,643,024$38,798,123$28,093,148$103,992,756
61$122,935,167$40,603,785$28,938,823$114,034,390
62$135,376,101$42,494,918$29,809,821$125,078,133
63$149,082,910$44,475,615$30,706,896$137,225,289
64$164,184,614$46,550,168$31,630,825$150,587,454
65$180,823,392$48,723,073$32,582,405$165,287,566
66$199,155,922$50,999,048$33,562,460$181,461,059
67$219,354,859$53,383,034$34,571,835$199,257,138
68$241,610,467$55,880,215$35,611,403$218,840,178
69$266,132,410$58,496,021$36,682,061$240,391,272
70$293,151,739$61,236,149$37,784,733$264,109,934
71$322,923,065$64,106,569$38,920,370$290,215,973
72$355,726,966$67,113,539$40,089,951$318,951,564
73$391,872,636$70,263,622$41,294,484$350,583,525
74$431,700,802$73,563,697$42,535,007$385,405,828
75$475,586,942$77,020,977$43,812,588$423,742,366
76$523,944,827$80,643,021$45,128,326$465,950,001
77$577,230,429$84,437,758$46,483,354$512,421,928
78$635,946,223$88,413,499$47,878,837$563,591,373
79$700,645,935$92,578,958$49,315,975$619,935,673
80$771,939,763$96,943,270$50,796,003$681,980,775
81$850,500,142$101,516,013$52,320,193$750,306,191
82$937,068,089$106,307,230$53,889,851$825,550,451
83$1,032,460,200$111,327,450$55,506,327$908,417,127
84$1,137,576,358$116,587,713$57,171,007$999,681,460
85$1,253,408,229$122,099,593$58,885,318$1,100,197,663
86$1,381,048,621$127,875,226$60,650,729$1,210,906,976
87$1,521,701,805$133,927,337$62,468,753$1,332,846,536
88$1,676,694,880$140,269,267$64,340,947$1,467,159,152
89$1,847,490,302$146,915,006$66,268,913$1,615,104,082
90$2,035,699,693$153,879,221$68,254,302$1,778,068,901
91$2,243,099,051$161,177,292$70,298,810$1,957,582,586
92$2,471,645,521$168,825,346$72,404,187$2,155,329,935
93$2,723,495,866$176,840,290$74,572,230$2,373,167,447
94$3,001,026,836$185,239,856$76,804,791$2,613,140,838
95$3,306,857,598$194,042,633$79,103,776$2,877,504,330
96$3,643,874,468$203,268,117$81,471,147$3,168,741,908
97$4,015,258,156$212,936,747$83,908,923$3,489,590,754
98$4,424,513,798$223,069,958$86,419,182$3,843,067,063
99$4,875,504,043$233,690,224$89,004,063$4,232,494,493
100$5,372,485,524$244,821,113$91,665,767$4,661,535,517