Can I retire at age 40 with 15,200,000?

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 $15,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,204,431
2 years$621,387$609,814$598,598$587,724$577,176$569,471
3 years$410,143$398,520$387,333$376,560$366,184$358,651
4 years$304,542$292,955$281,879$271,291$261,166$253,863
5 years$241,198$229,680$218,750$208,377$198,534$191,483
6 years$198,982$187,551$176,782$166,641$157,093$150,302
7 years$168,840$157,505$146,907$137,005$127,759$121,232
8 years$146,243$135,011$124,589$114,930$105,988$99,726
9 years$128,678$117,551$107,308$97,895$89,257$83,257
10 years$114,633$103,616$93,554$84,386$76,052$70,311
11 years$103,150$92,243$82,363$73,441$65,407$59,922
12 years$93,587$82,792$73,095$64,418$56,680$51,446
13 years$85,502$74,820$65,306$56,871$49,426$44,438
14 years$78,578$68,009$58,678$50,484$43,327$38,578
15 years$72,583$62,128$52,978$45,023$38,148$33,633
16 years$67,342$57,001$48,032$40,313$33,716$29,427
17 years$62,722$52,496$43,707$36,221$29,895$25,826
18 years$58,621$48,509$39,899$32,642$26,581$22,725
19 years$54,955$44,957$36,526$29,495$23,692$20,042
20 years$51,660$41,776$33,522$26,714$21,162$17,711
21 years$48,683$38,913$30,833$24,244$18,938$15,677
22 years$45,980$36,324$28,418$22,044$16,975$13,898
23 years$43,515$33,973$26,239$20,076$15,238$12,337
24 years$41,260$31,831$24,266$18,310$13,696$10,964
25 years$39,188$29,871$22,476$16,722$12,324$9,754
26 years$37,279$28,074$20,845$15,290$11,101$8,684
27 years$35,514$26,421$19,356$13,995$10,009$7,739
28 years$33,877$24,897$17,994$12,822$9,031$6,901
29 years$32,357$23,487$16,745$11,758$8,155$6,157
30 years$30,941$22,181$15,598$10,791$7,368$5,497
31 years$29,618$20,968$14,541$9,911$6,662$4,910
32 years$28,381$19,840$13,567$9,108$6,026$4,388
33 years$27,221$18,789$12,668$8,376$5,454$3,922
34 years$26,132$17,808$11,836$7,707$4,938$3,507
35 years$25,107$16,890$11,066$7,094$4,472$3,138
36 years$24,141$16,032$10,352$6,534$4,052$2,807
37 years$23,230$15,226$9,689$6,020$3,672$2,513
38 years$22,368$14,470$9,073$5,549$3,329$2,249
39 years$21,553$13,760$8,501$5,116$3,019$2,014
40 years$20,781$13,091$7,968$4,719$2,739$1,803
41 years$20,048$12,462$7,471$4,354$2,485$1,615
42 years$19,352$11,868$7,008$4,018$2,254$1,447
43 years$18,690$11,308$6,576$3,709$2,046$1,296
44 years$18,060$10,779$6,173$3,425$1,857$1,161
45 years$17,459$10,279$5,796$3,163$1,686$1,041
46 years$16,887$9,805$5,444$2,922$1,531$933
47 years$16,340$9,357$5,115$2,699$1,390$836
48 years$15,818$8,933$4,806$2,494$1,262$749
49 years$15,318$8,530$4,518$2,305$1,147$672
50 years$14,841$8,149$4,247$2,131$1,041$602

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $15,200,000, adding $5,971 every year, while hoping to spend $37,861 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: 70/21/9 Blend
39$15,200,000$15,200,000$15,200,000$15,200,000
40$16,756,559$15,950,959$15,715,359$17,901,089
41$18,425,444$16,692,272$16,201,540$19,400,927
42$20,263,287$17,468,641$16,702,739$21,036,391
43$22,287,280$18,281,743$17,219,419$22,824,988
44$24,516,371$19,133,336$17,752,057$24,781,764
45$26,971,437$20,025,265$18,301,147$26,923,276
46$29,675,482$20,959,462$18,867,194$29,267,744
47$32,653,859$21,937,953$19,450,722$31,835,217
48$35,934,501$22,962,861$20,052,270$34,647,764
49$39,548,192$24,036,414$20,672,394$37,729,673
50$43,528,853$25,160,944$21,311,665$41,107,677
51$47,913,865$26,338,898$21,970,674$44,811,206
52$52,744,417$27,572,842$22,650,029$48,872,657
53$58,065,901$28,865,465$23,350,358$53,327,693
54$63,928,335$30,219,585$24,072,307$58,215,582
55$70,386,838$31,638,157$24,816,543$63,579,555
56$77,502,149$33,124,281$25,583,751$69,467,212
57$85,341,202$34,681,204$26,374,640$75,930,967
58$93,977,754$36,312,333$27,189,940$83,028,536
59$103,493,084$38,021,236$28,030,402$90,823,474
60$113,976,760$39,811,658$28,896,802$99,385,770
61$125,527,484$41,687,524$29,789,939$108,792,502
62$138,254,022$43,652,947$30,710,637$119,128,555
63$152,276,233$45,712,243$31,659,744$130,487,418
64$167,726,199$47,869,933$32,638,136$142,972,058
65$184,749,472$50,130,760$33,646,714$156,695,880
66$203,506,448$52,499,697$34,686,409$171,783,798
67$224,173,880$54,981,956$35,758,178$188,373,396
68$246,946,548$57,583,004$36,863,009$206,616,223
69$272,039,096$60,308,572$38,001,920$226,679,215
70$299,688,061$63,164,669$39,175,961$248,746,255
71$330,154,100$66,157,595$40,386,213$273,019,905
72$363,724,458$69,293,957$41,633,791$299,723,304
73$400,715,674$72,580,681$42,919,844$329,102,264
74$441,476,570$76,025,032$44,245,556$361,427,577
75$486,391,547$79,634,625$45,612,148$396,997,559
76$535,884,208$83,417,446$47,020,879$436,140,858
77$590,421,364$87,381,867$48,473,045$479,219,534
78$650,517,434$91,536,670$49,969,983$526,632,470
79$716,739,306$95,891,060$51,513,071$578,819,119
80$789,711,685$100,454,692$53,103,729$636,263,639
81$870,122,994$105,237,688$54,743,420$699,499,445
82$958,731,868$110,250,664$56,433,654$769,114,228
83$1,056,374,322$115,504,750$58,175,985$845,755,485
84$1,163,971,638$121,011,618$59,972,015$930,136,616
85$1,282,539,065$126,783,507$61,823,398$1,023,043,633
86$1,413,195,402$132,833,252$63,731,835$1,125,342,564
87$1,557,173,563$139,174,311$65,699,081$1,237,987,606
88$1,715,832,211$145,820,797$67,726,945$1,362,030,112
89$1,890,668,591$152,787,510$69,817,291$1,498,628,487
90$2,083,332,658$160,089,968$71,972,041$1,649,059,107
91$2,295,642,659$167,744,447$74,193,175$1,814,728,338
92$2,529,602,298$175,768,013$76,482,734$1,997,185,785
93$2,787,419,649$184,178,562$78,842,822$2,198,138,896
94$3,071,528,005$192,994,863$81,275,608$2,419,469,048
95$3,384,608,846$202,236,596$83,783,326$2,663,249,282
96$3,729,617,160$211,924,401$86,368,279$2,931,763,836
97$4,109,809,336$222,079,922$89,032,842$3,227,529,676
98$4,528,773,907$232,725,857$91,779,461$3,553,320,227
99$4,990,465,432$243,886,010$94,610,659$3,912,191,512
100$5,499,241,824$255,585,343$97,529,034$4,307,510,969