Can I retire at age 40 with 15,500,000?

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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,212,028
2 years$633,651$621,850$610,413$599,324$588,568$564,522
3 years$418,238$406,386$394,978$383,993$373,411$350,033
4 years$310,552$298,737$287,443$276,645$266,320$243,790
5 years$245,958$234,213$223,067$212,490$202,452$180,834
6 years$202,909$191,253$180,271$169,930$160,194$139,511
7 years$172,172$160,614$149,806$139,709$130,280$110,538
8 years$149,130$137,676$127,048$117,198$108,080$89,273
9 years$131,217$119,871$109,426$99,827$91,019$73,135
10 years$116,896$105,661$95,400$86,052$77,553$60,576
11 years$105,186$94,064$83,989$74,891$66,698$50,607
12 years$95,434$84,426$74,538$65,689$57,799$42,572
13 years$87,190$76,297$66,595$57,994$50,402$36,013
14 years$80,129$69,352$59,836$51,480$44,182$30,605
15 years$74,015$63,354$54,024$45,911$38,901$26,107
16 years$68,671$58,126$48,980$41,109$34,381$22,342
17 years$63,960$53,532$44,570$36,936$30,485$19,171
18 years$59,778$49,466$40,687$33,287$27,106$16,486
19 years$56,040$45,845$37,247$30,077$24,160$14,205
20 years$52,680$42,601$34,183$27,241$21,580$12,259
21 years$49,644$39,681$31,442$24,723$19,312$10,595
22 years$46,887$37,041$28,979$22,479$17,310$9,167
23 years$44,374$34,644$26,757$20,472$15,539$7,940
24 years$42,074$32,459$24,745$18,671$13,966$6,883
25 years$39,961$30,461$22,919$17,052$12,568$5,971
26 years$38,014$28,628$21,256$15,591$11,320$5,184
27 years$36,214$26,943$19,738$14,271$10,206$4,503
28 years$34,546$25,388$18,349$13,075$9,209$3,913
29 years$32,996$23,951$17,076$11,990$8,316$3,402
30 years$31,551$22,619$15,905$11,004$7,514$2,959
31 years$30,203$21,382$14,828$10,106$6,793$2,574
32 years$28,941$20,232$13,835$9,288$6,145$2,240
33 years$27,758$19,160$12,918$8,541$5,561$1,950
34 years$26,647$18,159$12,070$7,859$5,035$1,697
35 years$25,602$17,224$11,284$7,234$4,560$1,478
36 years$24,618$16,348$10,556$6,663$4,132$1,287
37 years$23,688$15,527$9,880$6,139$3,745$1,121
38 years$22,810$14,756$9,252$5,658$3,395$977
39 years$21,979$14,031$8,669$5,217$3,079$851
40 years$21,191$13,350$8,125$4,812$2,793$741
41 years$20,444$12,708$7,619$4,440$2,534$646
42 years$19,734$12,102$7,147$4,097$2,299$563
43 years$19,059$11,531$6,706$3,782$2,086$491
44 years$18,416$10,992$6,295$3,492$1,894$428
45 years$17,804$10,482$5,911$3,225$1,719$373
46 years$17,220$9,999$5,551$2,979$1,561$325
47 years$16,663$9,542$5,216$2,752$1,417$283
48 years$16,130$9,109$4,901$2,543$1,287$247
49 years$15,621$8,699$4,607$2,351$1,169$215
50 years$15,133$8,309$4,331$2,173$1,062$188

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $15,500,000, adding $6,009 every year, while hoping to spend $28,850 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: 52/20/28 Blend
39$15,500,000$15,500,000$15,500,000$15,500,000
40$17,087,198$16,265,698$16,025,448$17,841,188
41$18,799,396$17,032,021$16,531,605$19,132,257
42$20,685,272$17,834,927$17,053,750$20,532,557
43$22,762,509$18,676,178$17,592,390$22,055,335
44$25,050,595$19,557,622$18,148,046$23,712,297
45$27,571,006$20,481,195$18,721,255$25,516,310
46$30,347,403$21,448,928$19,312,572$27,481,522
47$33,405,864$22,462,951$19,922,569$29,623,487
48$36,775,123$23,525,497$20,551,836$31,959,311
49$40,486,845$24,638,906$21,200,982$34,507,806
50$44,575,924$25,805,633$21,870,636$37,289,664
51$49,080,810$27,028,251$22,561,444$40,327,648
52$54,043,877$28,309,459$23,274,076$43,646,798
53$59,511,816$29,652,086$24,009,221$47,274,663
54$65,536,082$31,059,099$24,767,591$51,241,558
55$72,173,376$32,533,608$25,549,919$55,580,840
56$79,486,181$34,078,876$26,356,962$60,329,217
57$87,543,353$35,698,322$27,189,502$65,527,090
58$96,420,768$37,395,533$28,048,343$71,218,925
59$106,202,041$39,174,269$28,934,317$77,453,666
60$116,979,314$41,038,473$29,848,282$84,285,190
61$128,854,126$42,992,280$30,791,121$91,772,806
62$141,938,371$45,040,026$31,763,748$99,981,807
63$156,355,354$47,186,257$32,767,103$108,984,079
64$172,240,957$49,435,740$33,802,157$118,858,768
65$189,744,917$51,793,474$34,869,913$129,693,020
66$209,032,247$54,264,702$35,971,402$141,582,791
67$230,284,784$56,854,921$37,107,693$154,633,744
68$253,702,914$59,569,894$38,279,883$168,962,236
69$279,507,460$62,415,668$39,489,107$184,696,403
70$307,941,766$65,398,580$40,736,537$201,977,360
71$339,273,993$68,525,278$42,023,378$220,960,519
72$373,799,656$71,802,732$43,350,877$241,817,043
73$411,844,408$75,238,252$44,720,318$264,735,451
74$453,767,116$78,839,505$46,133,027$289,923,381
75$499,963,249$82,614,528$47,590,371$317,609,533
76$550,868,612$86,571,752$49,093,760$348,045,819
77$606,963,459$90,720,016$50,644,650$381,509,720
78$668,777,028$95,068,593$52,244,541$418,306,888
79$736,892,534$99,627,204$53,894,983$458,774,019
80$811,952,680$104,406,044$55,597,572$503,282,008
81$894,665,719$109,415,806$57,353,957$552,239,433
82$985,812,146$114,667,704$59,165,838$606,096,393
83$1,086,252,059$120,173,496$61,034,968$665,348,734
84$1,196,933,287$125,945,514$62,963,157$730,542,710
85$1,318,900,330$131,996,693$64,952,270$802,280,117
86$1,453,304,227$138,340,594$67,004,235$881,223,947
87$1,601,413,418$144,991,442$69,121,036$968,104,628
88$1,764,625,719$151,964,156$71,304,723$1,063,726,886
89$1,944,481,520$159,274,378$73,557,410$1,168,977,322
90$2,142,678,329$166,938,516$75,881,277$1,284,832,747
91$2,361,086,793$174,973,778$78,278,574$1,412,369,380
92$2,601,768,361$183,398,208$80,751,622$1,552,772,971
93$2,866,994,747$192,230,733$83,302,814$1,707,349,967
94$3,159,269,374$201,491,201$85,934,620$1,877,539,808
95$3,481,351,009$211,200,429$88,649,589$2,064,928,483
96$3,836,279,809$221,380,248$91,450,348$2,271,263,465
97$4,227,406,024$232,053,555$94,339,609$2,498,470,170
98$4,658,421,622$243,244,362$97,320,169$2,748,670,090
99$5,133,395,146$254,977,854$100,394,914$3,024,200,784
100$5,656,810,127$267,280,446$103,566,820$3,327,637,897