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%12.5%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,183,630
2 years$613,211$601,790$590,722$579,991$569,581$557,002
3 years$404,746$393,277$382,236$371,606$361,366$349,089
4 years$300,535$289,100$278,170$267,721$257,729$245,849
5 years$238,024$226,658$215,871$205,635$195,922$184,473
6 years$196,364$185,083$174,456$164,448$155,026$144,024
7 years$166,618$155,433$144,974$135,202$126,078$115,526
8 years$144,319$133,234$122,949$113,418$104,594$94,492
9 years$126,984$116,005$105,896$96,607$88,083$78,427
10 years$113,125$102,252$92,323$83,276$75,051$65,836
11 years$101,793$91,029$81,280$72,475$64,546$55,763
12 years$92,356$81,703$72,133$63,570$55,935$47,575
13 years$84,377$73,836$64,446$56,123$48,776$40,830
14 years$77,544$67,114$57,905$49,820$42,757$35,214
15 years$71,628$61,310$52,281$44,430$37,646$30,495
16 years$66,456$56,251$47,400$39,783$33,272$26,500
17 years$61,897$51,805$43,132$35,744$29,501$23,096
18 years$57,849$47,870$39,374$32,213$26,231$20,179
19 years$54,232$44,366$36,045$29,107$23,380$17,669
20 years$50,980$41,227$33,081$26,362$20,884$15,500
21 years$48,042$38,401$30,428$23,925$18,689$13,620
22 years$45,375$35,846$28,044$21,754$16,752$11,984
23 years$42,943$33,526$25,894$19,811$15,037$10,557
24 years$40,717$31,412$23,947$18,069$13,516$9,310
25 years$38,672$29,478$22,180$16,502$12,162$8,218
26 years$36,788$27,705$20,571$15,088$10,955$7,260
27 years$35,046$26,074$19,102$13,811$9,877$6,419
28 years$33,432$24,569$17,757$12,654$8,912$5,678
29 years$31,931$23,178$16,525$11,604$8,048$5,026
30 years$30,534$21,889$15,392$10,649$7,272$4,451
31 years$29,228$20,693$14,350$9,780$6,574$3,943
32 years$28,007$19,579$13,389$8,989$5,947$3,494
33 years$26,863$18,542$12,501$8,266$5,382$3,098
34 years$25,788$17,574$11,680$7,605$4,873$2,747
35 years$24,776$16,668$10,920$7,001$4,413$2,437
36 years$23,823$15,821$10,216$6,448$3,999$2,162
37 years$22,924$15,026$9,562$5,941$3,624$1,919
38 years$22,074$14,280$8,954$5,476$3,286$1,703
39 years$21,270$13,579$8,389$5,049$2,980$1,512
40 years$20,507$12,919$7,863$4,657$2,703$1,343
41 years$19,784$12,298$7,373$4,297$2,452$1,192
42 years$19,097$11,712$6,916$3,965$2,225$1,059
43 years$18,444$11,159$6,490$3,660$2,019$940
44 years$17,822$10,637$6,092$3,380$1,833$835
45 years$17,230$10,143$5,720$3,121$1,664$742
46 years$16,665$9,676$5,372$2,883$1,511$659
47 years$16,125$9,234$5,047$2,664$1,372$586
48 years$15,610$8,815$4,743$2,461$1,246$520
49 years$15,117$8,418$4,458$2,275$1,131$462
50 years$14,645$8,041$4,191$2,103$1,028$411

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 $4,764 every year, while hoping to spend $42,094 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: 46/26/28 Blend
39$15,000,000$15,000,000$15,000,000$15,000,000
40$16,534,914$15,739,914$15,507,414$17,161,979
41$18,176,688$16,466,382$15,982,125$18,333,167
42$19,984,511$17,227,036$16,471,327$19,598,713
43$21,975,278$18,023,507$16,975,463$20,971,089
44$24,167,601$18,857,504$17,494,986$22,460,329
45$26,581,993$19,730,819$18,030,365$24,077,455
46$29,241,056$20,645,329$18,582,082$25,834,577
47$32,169,696$21,603,002$19,150,634$27,745,000
48$35,395,358$22,605,902$19,736,533$29,823,348
49$38,948,284$23,656,191$20,340,307$32,085,695
50$42,861,801$24,756,136$20,962,499$34,549,708
51$47,172,631$25,908,114$21,603,669$37,234,816
52$51,921,243$27,114,614$22,264,395$40,162,376
53$57,152,228$28,378,249$22,945,271$43,355,880
54$62,914,727$29,701,754$23,646,909$46,841,160
55$69,262,889$31,088,001$24,369,941$50,646,632
56$76,256,387$32,539,995$25,115,016$54,803,553
57$83,960,974$34,060,891$25,882,805$59,346,309
58$92,449,112$35,653,993$26,673,998$64,312,734
59$101,800,649$37,322,767$27,489,305$69,744,455
60$112,103,578$39,070,845$28,329,459$75,687,281
61$123,454,863$40,902,036$29,195,216$82,191,621
62$135,961,355$42,820,332$30,087,351$89,312,956
63$149,740,803$44,829,918$31,006,668$97,112,347
64$164,922,964$46,935,183$31,953,990$105,657,007
65$181,650,826$49,140,727$32,930,169$115,020,920
66$200,081,961$51,451,373$33,936,079$125,285,532
67$220,390,007$53,872,177$34,972,625$136,540,504
68$242,766,315$56,408,440$36,040,735$148,884,550
69$267,421,746$59,065,721$37,141,366$162,426,354
70$294,588,670$61,849,847$38,275,508$177,285,583
71$324,523,152$64,766,927$39,444,174$193,594,003
72$357,507,373$67,823,366$40,648,414$211,496,708
73$393,852,295$71,025,881$41,889,306$231,153,474
74$433,900,594$74,381,514$43,167,962$252,740,253
75$478,029,892$77,897,646$44,485,527$276,450,815
76$526,656,329$81,582,019$45,843,180$302,498,561
77$580,238,486$85,442,749$47,242,138$331,118,522
78$639,281,714$89,488,346$48,683,652$362,569,554
79$704,342,906$93,727,732$50,169,012$397,136,765
80$776,035,756$98,170,264$51,699,547$435,134,183
81$855,036,547$102,825,751$53,276,626$476,907,703
82$942,090,541$107,704,479$54,901,659$522,838,326
83$1,038,019,010$112,817,233$56,576,099$573,345,736
84$1,143,726,994$118,175,321$58,301,442$628,892,230
85$1,260,211,838$123,790,603$60,079,231$689,987,065
86$1,388,572,614$129,675,511$61,911,054$757,191,234
87$1,530,020,493$135,843,083$63,798,547$831,122,732
88$1,685,890,179$142,306,991$65,743,395$912,462,366
89$1,857,652,514$149,081,570$67,747,334$1,001,960,145
90$2,046,928,355$156,181,851$69,812,154$1,100,442,334
91$2,255,503,882$163,623,597$71,939,697$1,208,819,216
92$2,485,347,463$171,423,338$74,131,861$1,328,093,653
93$2,738,628,227$179,598,404$76,390,602$1,459,370,513
94$3,017,736,552$188,166,972$78,717,932$1,603,867,068
95$3,325,306,625$197,148,099$81,115,928$1,762,924,439
96$3,664,241,316$206,561,771$83,586,727$1,938,020,217
97$4,037,739,578$216,428,945$86,132,530$2,130,782,369
98$4,449,326,650$226,771,599$88,755,606$2,343,004,562
99$4,902,887,340$237,612,778$91,458,290$2,576,663,044
100$5,402,702,695$248,976,651$94,242,989$2,833,935,251