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%18.5%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,178,162
2 years$625,475$613,826$602,537$591,591$580,973$539,205
3 years$412,841$401,142$389,881$379,038$368,593$328,250
4 years$306,545$294,882$283,734$273,075$262,884$224,274
5 years$242,784$231,191$220,189$209,748$199,840$163,066
6 years$200,291$188,785$177,945$167,737$158,127$123,217
7 years$169,950$158,541$147,873$137,906$128,599$95,548
8 years$147,205$135,899$125,408$115,686$106,686$75,466
9 years$129,524$118,325$108,014$98,539$89,845$60,419
10 years$115,387$104,297$94,169$84,941$76,552$48,871
11 years$103,829$92,850$82,905$73,924$65,837$39,847
12 years$94,203$83,337$73,576$64,842$57,053$32,693
13 years$86,065$75,312$65,735$57,245$49,752$26,958
14 years$79,095$68,457$59,064$50,816$43,612$22,318
15 years$73,060$62,537$53,326$45,319$38,399$18,538
16 years$67,785$57,376$48,348$40,578$33,937$15,438
17 years$63,135$52,841$43,995$36,459$30,091$12,886
18 years$59,006$48,828$40,162$32,857$26,756$10,775
19 years$55,316$45,253$36,766$29,689$23,848$9,023
20 years$52,000$42,051$33,742$26,889$21,302$7,565
21 years$49,003$39,169$31,036$24,404$19,062$6,350
22 years$46,282$36,563$28,605$22,189$17,087$5,334
23 years$43,802$34,197$26,411$20,208$15,338$4,484
24 years$41,531$32,040$24,426$18,431$13,786$3,772
25 years$39,446$30,068$22,623$16,832$12,405$3,175
26 years$37,524$28,259$20,982$15,390$11,174$2,673
27 years$35,747$26,595$19,484$14,087$10,075$2,251
28 years$34,100$25,060$18,113$12,907$9,091$1,897
29 years$32,570$23,642$16,855$11,836$8,209$1,599
30 years$31,144$22,327$15,700$10,862$7,417$1,347
31 years$29,813$21,106$14,637$9,976$6,706$1,136
32 years$28,568$19,971$13,656$9,168$6,066$958
33 years$27,400$18,913$12,751$8,431$5,489$808
34 years$26,304$17,925$11,914$7,757$4,970$681
35 years$25,272$17,002$11,139$7,141$4,502$575
36 years$24,300$16,137$10,420$6,577$4,079$485
37 years$23,383$15,326$9,753$6,060$3,697$409
38 years$22,516$14,566$9,133$5,585$3,351$345
39 years$21,695$13,850$8,557$5,150$3,039$291
40 years$20,918$13,178$8,020$4,750$2,757$246
41 years$20,180$12,544$7,520$4,382$2,501$207
42 years$19,479$11,946$7,054$4,044$2,269$175
43 years$18,813$11,382$6,620$3,734$2,059$147
44 years$18,179$10,850$6,214$3,447$1,869$124
45 years$17,574$10,346$5,834$3,184$1,697$105
46 years$16,998$9,870$5,480$2,941$1,541$89
47 years$16,448$9,419$5,148$2,717$1,399$75
48 years$15,922$8,992$4,838$2,511$1,271$63
49 years$15,419$8,587$4,547$2,320$1,154$53
50 years$14,938$8,202$4,275$2,145$1,048$45

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 $2,053 every year, while hoping to spend $57,116 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: 64/17/19 Blend
39$15,300,000$15,300,000$15,300,000$15,300,000
40$16,862,718$16,051,818$15,814,668$17,860,736
41$18,521,944$16,777,586$16,283,688$19,257,510
42$20,348,497$17,537,002$16,766,506$20,776,130
43$22,359,384$18,331,655$17,263,524$22,433,833
44$24,573,344$19,163,210$17,775,156$24,244,216
45$27,011,028$20,033,410$18,301,826$26,222,236
46$29,695,188$20,944,082$18,843,972$28,384,352
47$32,650,897$21,897,142$19,402,045$30,748,679
48$35,905,783$22,894,596$19,976,508$33,335,149
49$39,490,288$23,938,547$20,567,837$36,165,703
50$43,437,960$25,031,198$21,176,522$39,264,490
51$47,785,763$26,174,858$21,803,067$42,658,092
52$52,574,432$27,371,948$22,447,991$46,375,771
53$57,848,853$28,625,002$23,111,827$50,449,741
54$63,658,488$29,936,678$23,795,125$54,915,469
55$70,057,840$31,309,762$24,498,448$59,812,004
56$77,106,971$32,747,172$25,222,377$65,182,339
57$84,872,065$34,251,966$25,967,510$71,073,816
58$93,426,055$35,827,351$26,734,461$77,538,566
59$102,849,308$37,476,687$27,523,861$84,633,994
60$113,230,387$39,203,495$28,336,360$92,423,318
61$124,666,886$41,011,466$29,172,628$100,976,156
62$137,266,348$42,904,467$30,033,350$110,369,185
63$151,147,284$44,886,555$30,919,236$120,686,847
64$166,440,288$46,961,977$31,831,011$132,022,151
65$183,289,272$49,135,188$32,769,424$144,477,535
66$201,852,822$51,410,857$33,735,245$158,165,831
67$222,305,698$53,793,877$34,729,263$173,211,322
68$244,840,480$56,289,377$35,752,294$189,750,906
69$269,669,387$58,902,734$36,805,174$207,935,380
70$297,026,280$61,639,585$37,888,763$227,930,856
71$327,168,871$64,505,835$39,003,947$249,920,320
72$360,381,153$67,507,677$40,151,636$274,105,351
73$396,976,080$70,651,603$41,332,766$300,708,011
74$437,298,526$73,944,417$42,548,299$329,972,934
75$481,728,534$77,393,252$43,799,225$362,169,625
76$530,684,908$81,005,585$45,086,563$397,594,991
77$584,629,164$84,789,254$46,411,358$436,576,134
78$644,069,887$88,752,476$47,774,688$479,473,427
79$709,567,534$92,903,866$49,177,658$526,683,901
80$781,739,720$97,252,453$50,621,407$578,644,983
81$861,267,052$101,807,704$52,107,105$635,838,610
82$948,899,554$106,579,543$53,635,955$698,795,765
83$1,045,463,743$111,578,376$55,209,195$768,101,474
84$1,151,870,437$116,815,109$56,828,095$844,400,312
85$1,269,123,351$122,301,178$58,493,965$928,402,477
86$1,398,328,568$128,048,571$60,208,148$1,020,890,470
87$1,540,704,988$134,069,858$61,972,028$1,122,726,470
88$1,697,595,831$140,378,215$63,787,025$1,234,860,453
89$1,870,481,316$146,987,458$65,654,601$1,358,339,138
90$2,060,992,639$153,912,071$67,576,258$1,494,315,854
91$2,270,927,366$161,167,241$69,553,540$1,644,061,402
92$2,502,266,410$168,768,888$71,588,037$1,808,976,031
93$2,757,192,727$176,733,706$73,681,379$1,990,602,633
94$3,038,111,925$185,079,198$75,835,245$2,190,641,288
95$3,347,674,975$193,823,713$78,051,360$2,410,965,286
96$3,688,803,240$202,986,492$80,331,497$2,653,638,783
97$4,064,716,048$212,587,708$82,677,480$2,920,936,264
98$4,478,961,091$222,648,511$85,091,182$3,215,363,987
99$4,935,447,914$233,191,081$87,574,529$3,539,683,610
100$5,438,484,827$244,238,669$90,129,501$3,896,938,232