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%18.4%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,178,632
2 years$625,475$613,826$602,537$591,591$580,973$539,667
3 years$412,841$401,142$389,881$379,038$368,593$328,689
4 years$306,545$294,882$283,734$273,075$262,884$224,687
5 years$242,784$231,191$220,189$209,748$199,840$163,452
6 years$200,291$188,785$177,945$167,737$158,127$123,577
7 years$169,950$158,541$147,873$137,906$128,599$95,882
8 years$147,205$135,899$125,408$115,686$106,686$75,775
9 years$129,524$118,325$108,014$98,539$89,845$60,703
10 years$115,387$104,297$94,169$84,941$76,552$49,132
11 years$103,829$92,850$82,905$73,924$65,837$40,085
12 years$94,203$83,337$73,576$64,842$57,053$32,911
13 years$86,065$75,312$65,735$57,245$49,752$27,156
14 years$79,095$68,457$59,064$50,816$43,612$22,498
15 years$73,060$62,537$53,326$45,319$38,399$18,700
16 years$67,785$57,376$48,348$40,578$33,937$15,585
17 years$63,135$52,841$43,995$36,459$30,091$13,018
18 years$59,006$48,828$40,162$32,857$26,756$10,893
19 years$55,316$45,253$36,766$29,689$23,848$9,129
20 years$52,000$42,051$33,742$26,889$21,302$7,660
21 years$49,003$39,169$31,036$24,404$19,062$6,434
22 years$46,282$36,563$28,605$22,189$17,087$5,410
23 years$43,802$34,197$26,411$20,208$15,338$4,551
24 years$41,531$32,040$24,426$18,431$13,786$3,831
25 years$39,446$30,068$22,623$16,832$12,405$3,227
26 years$37,524$28,259$20,982$15,390$11,174$2,719
27 years$35,747$26,595$19,484$14,087$10,075$2,292
28 years$34,100$25,060$18,113$12,907$9,091$1,933
29 years$32,570$23,642$16,855$11,836$8,209$1,630
30 years$31,144$22,327$15,700$10,862$7,417$1,375
31 years$29,813$21,106$14,637$9,976$6,706$1,160
32 years$28,568$19,971$13,656$9,168$6,066$979
33 years$27,400$18,913$12,751$8,431$5,489$826
34 years$26,304$17,925$11,914$7,757$4,970$698
35 years$25,272$17,002$11,139$7,141$4,502$589
36 years$24,300$16,137$10,420$6,577$4,079$497
37 years$23,383$15,326$9,753$6,060$3,697$420
38 years$22,516$14,566$9,133$5,585$3,351$354
39 years$21,695$13,850$8,557$5,150$3,039$299
40 years$20,918$13,178$8,020$4,750$2,757$253
41 years$20,180$12,544$7,520$4,382$2,501$213
42 years$19,479$11,946$7,054$4,044$2,269$180
43 years$18,813$11,382$6,620$3,734$2,059$152
44 years$18,179$10,850$6,214$3,447$1,869$129
45 years$17,574$10,346$5,834$3,184$1,697$109
46 years$16,998$9,870$5,480$2,941$1,541$92
47 years$16,448$9,419$5,148$2,717$1,399$77
48 years$15,922$8,992$4,838$2,511$1,271$65
49 years$15,419$8,587$4,547$2,320$1,154$55
50 years$14,938$8,202$4,275$2,145$1,048$47

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 $2,999 every year, while hoping to spend $53,671 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: 72/15/13 Blend
39$15,300,000$15,300,000$15,300,000$15,300,000
40$16,863,693$16,052,793$15,815,643$18,030,883
41$18,526,685$16,782,275$16,288,362$19,533,789
42$20,357,502$17,545,702$16,775,118$21,172,109
43$22,373,208$18,344,681$17,276,324$22,964,667
44$24,592,601$19,180,897$17,792,407$24,926,703
45$27,036,398$20,056,113$18,323,805$27,074,988
46$29,727,426$20,972,178$18,870,968$29,427,988
47$32,690,839$21,931,030$19,434,361$32,006,027
48$35,954,353$22,934,699$20,014,460$34,831,481
49$39,548,510$23,985,312$20,611,758$37,928,983
50$43,506,966$25,085,101$21,226,760$41,325,657
51$47,866,807$26,236,400$21,859,986$45,051,365
52$52,668,898$27,441,661$22,511,973$49,138,991
53$57,958,272$28,703,449$23,183,271$53,624,742
54$63,784,553$30,024,455$23,874,447$58,548,492
55$70,202,423$31,407,499$24,586,086$63,954,150
56$77,272,138$32,855,534$25,318,788$69,890,071
57$85,060,099$34,371,659$26,073,171$76,409,513
58$93,639,479$35,959,119$26,849,871$83,571,128
59$103,090,907$37,621,317$27,649,543$91,439,515
60$113,503,237$39,361,820$28,472,861$100,085,827
61$124,974,382$41,184,364$29,320,517$109,588,433
62$137,612,240$43,092,868$30,193,224$120,033,655
63$151,535,708$45,091,439$31,091,717$131,516,578
64$166,875,812$47,184,381$32,016,751$144,141,940
65$183,776,935$49,376,205$32,969,103$158,025,116
66$202,398,186$51,671,643$33,949,571$173,293,202
67$222,914,898$54,075,651$34,958,980$190,086,205
68$245,520,287$56,593,427$35,998,174$208,558,360
69$270,427,269$59,230,418$37,068,026$228,879,580
70$297,870,477$61,992,335$38,169,431$251,237,051
71$328,108,470$64,885,164$39,303,312$275,836,990
72$361,426,177$67,915,180$40,470,616$302,906,586
73$398,137,586$71,088,963$41,672,320$332,696,136
74$438,588,705$74,413,408$42,909,429$365,481,399
75$483,160,833$77,895,744$44,182,975$401,566,187
76$532,274,155$81,543,552$45,494,021$441,285,229
77$586,391,709$85,364,777$46,843,661$485,007,315
78$646,023,760$89,367,747$48,233,020$533,138,772
79$711,732,612$93,561,196$49,663,255$586,127,285
80$784,137,923$97,954,279$51,135,558$644,466,115
81$863,922,546$102,556,593$52,651,154$708,698,742
82$951,838,980$107,378,201$54,211,303$779,423,981
83$1,048,716,475$112,429,652$55,817,301$857,301,627
84$1,155,468,858$117,722,007$57,470,482$943,058,666
85$1,273,103,157$123,266,861$59,172,219$1,037,496,125
86$1,402,729,114$129,076,373$60,923,923$1,141,496,621
87$1,545,569,656$135,163,287$62,727,047$1,256,032,673
88$1,702,972,441$141,540,968$64,583,083$1,382,175,873
89$1,876,422,583$148,223,429$66,493,570$1,521,106,980
90$2,067,556,669$155,225,359$68,460,086$1,674,127,053
91$2,278,178,209$162,562,161$70,484,259$1,842,669,711
92$2,510,274,665$170,249,986$72,567,761$2,028,314,653
93$2,766,036,211$178,305,766$74,712,311$2,232,802,548
94$3,047,876,411$186,747,255$76,919,680$2,458,051,444
95$3,358,455,004$195,593,070$79,191,688$2,706,174,860
96$3,700,703,012$204,862,728$81,530,208$2,979,501,709
97$4,077,850,413$214,576,695$83,937,163$3,280,598,266
98$4,493,456,634$224,756,431$86,414,537$3,612,292,364
99$4,951,444,151$235,424,437$88,964,364$3,977,700,070
100$5,456,135,526$246,604,306$91,588,742$4,380,255,070