Can I retire at age 40 with 15,300,000?

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 $15,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,179,573
2 years$625,475$613,826$602,537$591,591$580,973$540,593
3 years$412,841$401,142$389,881$379,038$368,593$329,570
4 years$306,545$294,882$283,734$273,075$262,884$225,517
5 years$242,784$231,191$220,189$209,748$199,840$164,229
6 years$200,291$188,785$177,945$167,737$158,127$124,300
7 years$169,950$158,541$147,873$137,906$128,599$96,553
8 years$147,205$135,899$125,408$115,686$106,686$76,396
9 years$129,524$118,325$108,014$98,539$89,845$61,275
10 years$115,387$104,297$94,169$84,941$76,552$49,658
11 years$103,829$92,850$82,905$73,924$65,837$40,567
12 years$94,203$83,337$73,576$64,842$57,053$33,350
13 years$86,065$75,312$65,735$57,245$49,752$27,556
14 years$79,095$68,457$59,064$50,816$43,612$22,861
15 years$73,060$62,537$53,326$45,319$38,399$19,029
16 years$67,785$57,376$48,348$40,578$33,937$15,882
17 years$63,135$52,841$43,995$36,459$30,091$13,285
18 years$59,006$48,828$40,162$32,857$26,756$11,134
19 years$55,316$45,253$36,766$29,689$23,848$9,345
20 years$52,000$42,051$33,742$26,889$21,302$7,853
21 years$49,003$39,169$31,036$24,404$19,062$6,607
22 years$46,282$36,563$28,605$22,189$17,087$5,563
23 years$43,802$34,197$26,411$20,208$15,338$4,688
24 years$41,531$32,040$24,426$18,431$13,786$3,953
25 years$39,446$30,068$22,623$16,832$12,405$3,335
26 years$37,524$28,259$20,982$15,390$11,174$2,814
27 years$35,747$26,595$19,484$14,087$10,075$2,376
28 years$34,100$25,060$18,113$12,907$9,091$2,007
29 years$32,570$23,642$16,855$11,836$8,209$1,696
30 years$31,144$22,327$15,700$10,862$7,417$1,433
31 years$29,813$21,106$14,637$9,976$6,706$1,211
32 years$28,568$19,971$13,656$9,168$6,066$1,024
33 years$27,400$18,913$12,751$8,431$5,489$865
34 years$26,304$17,925$11,914$7,757$4,970$732
35 years$25,272$17,002$11,139$7,141$4,502$619
36 years$24,300$16,137$10,420$6,577$4,079$523
37 years$23,383$15,326$9,753$6,060$3,697$442
38 years$22,516$14,566$9,133$5,585$3,351$374
39 years$21,695$13,850$8,557$5,150$3,039$316
40 years$20,918$13,178$8,020$4,750$2,757$268
41 years$20,180$12,544$7,520$4,382$2,501$226
42 years$19,479$11,946$7,054$4,044$2,269$192
43 years$18,813$11,382$6,620$3,734$2,059$162
44 years$18,179$10,850$6,214$3,447$1,869$137
45 years$17,574$10,346$5,834$3,184$1,697$116
46 years$16,998$9,870$5,480$2,941$1,541$98
47 years$16,448$9,419$5,148$2,717$1,399$83
48 years$15,922$8,992$4,838$2,511$1,271$70
49 years$15,419$8,587$4,547$2,320$1,154$59
50 years$14,938$8,202$4,275$2,145$1,048$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $15,300,000, adding $3,400 every year, while hoping to spend $31,712 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: 60/27/13 Blend
39$15,300,000$15,300,000$15,300,000$15,300,000
40$16,864,107$16,053,207$15,816,057$17,821,988
41$18,550,505$16,806,073$16,312,154$19,219,855
42$20,407,852$17,594,766$16,823,807$20,740,142
43$22,453,552$18,421,009$17,351,504$22,397,761
44$24,706,783$19,286,607$17,895,748$24,205,972
45$27,188,677$20,193,453$18,457,057$26,179,353
46$29,922,521$21,143,531$19,035,968$28,333,935
47$32,933,976$22,138,922$19,633,030$30,687,350
48$36,251,320$23,181,807$20,248,814$33,258,988
49$39,905,711$24,274,473$20,883,907$36,070,179
50$43,931,488$25,419,317$21,538,912$39,144,388
51$48,366,490$26,618,853$22,214,456$42,507,429
52$53,252,412$27,875,717$22,911,180$46,187,705
53$58,635,204$29,192,673$23,629,750$50,216,470
54$64,565,498$30,572,617$24,370,851$54,628,114
55$71,099,092$32,018,588$25,135,187$59,460,486
56$78,297,471$33,533,771$25,923,488$64,755,241
57$86,228,393$35,121,505$26,736,504$70,558,227
58$94,966,523$36,785,293$27,575,011$76,919,908
59$104,594,141$38,528,805$28,439,807$83,895,836
60$115,201,919$40,355,892$29,331,716$91,547,163
61$126,889,775$42,270,591$30,251,588$99,941,214
62$139,767,815$44,277,133$31,200,300$109,152,107
63$153,957,377$46,379,957$32,178,754$119,261,449
64$169,592,171$48,583,717$33,187,885$130,359,093
65$186,819,546$50,893,292$34,228,652$142,543,977
66$205,801,875$53,313,799$35,302,047$155,925,046
67$226,718,094$55,850,603$36,409,094$170,622,268
68$249,765,387$58,509,330$37,550,845$186,767,757
69$275,161,048$61,295,879$38,728,391$204,507,005
70$303,144,534$64,216,436$39,942,850$224,000,243
71$333,979,723$67,277,488$41,195,382$245,423,942
72$367,957,406$70,485,836$42,487,179$268,972,458
73$405,398,033$73,848,613$43,819,471$294,859,859
74$446,654,736$77,373,299$45,193,527$323,321,925
75$492,116,666$81,067,737$46,610,657$354,618,360
76$542,212,661$84,940,152$48,072,209$389,035,223
77$597,415,301$88,999,168$49,579,577$426,887,614
78$658,245,364$93,253,829$51,134,195$468,522,626
79$725,276,745$97,713,621$52,737,544$514,322,604
80$799,141,873$102,388,489$54,391,152$564,708,732
81$880,537,682$107,288,862$56,096,593$620,144,988
82$970,232,188$112,425,679$57,855,492$681,142,503
83$1,069,071,743$117,810,409$59,669,523$748,264,357
84$1,177,989,023$123,455,081$61,540,413$822,130,874
85$1,298,011,832$129,372,309$63,469,946$903,425,452
86$1,430,272,807$135,575,320$65,459,958$992,900,984
87$1,576,020,110$142,077,988$67,512,344$1,091,386,938
88$1,736,629,212$148,894,860$69,629,058$1,199,797,158
89$1,913,615,877$156,041,193$71,812,116$1,319,138,461
90$2,108,650,471$163,532,987$74,063,597$1,450,520,105
91$2,323,573,737$171,387,020$76,385,645$1,595,164,227
92$2,560,414,164$179,620,890$78,780,470$1,754,417,348
93$2,821,407,145$188,253,051$81,250,352$1,929,763,043
94$3,109,016,079$197,302,856$83,797,644$2,122,835,907
95$3,425,955,625$206,790,601$86,424,771$2,335,436,950
96$3,775,217,331$216,737,573$89,134,233$2,569,550,548
97$4,160,097,879$227,166,095$91,928,611$2,827,363,136
98$4,584,230,208$238,099,578$94,810,564$3,111,283,802
99$5,051,617,808$249,562,576$97,782,836$3,423,966,979
100$5,566,672,520$261,580,839$100,848,258$3,768,337,448