Can I retire at age 40 with 15,600,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $15,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,227,912
2 years$637,739$625,862$614,351$603,190$592,365$576,214
3 years$420,936$409,008$397,526$386,470$375,821$360,075
4 years$312,556$300,664$289,297$278,430$268,038$252,819
5 years$247,545$235,724$224,506$213,861$203,758$189,109
6 years$204,218$192,487$181,434$171,026$161,227$147,166
7 years$173,283$161,650$150,773$140,610$131,121$117,652
8 years$150,092$138,564$127,867$117,954$108,777$95,901
9 years$132,064$120,645$110,132$100,471$91,606$79,316
10 years$117,650$106,342$96,016$86,607$78,053$66,340
11 years$105,864$94,670$84,531$75,374$67,128$55,982
12 years$96,050$84,971$75,019$66,113$58,172$47,580
13 years$87,752$76,789$67,024$58,368$50,727$40,675
14 years$80,646$69,799$60,222$51,813$44,467$34,941
15 years$74,493$63,763$54,372$46,208$39,152$30,135
16 years$69,114$58,501$49,296$41,374$34,603$26,079
17 years$64,373$53,877$44,858$37,174$30,681$22,633
18 years$60,163$49,785$40,949$33,501$27,280$19,691
19 years$56,401$46,140$37,487$30,271$24,316$17,167
20 years$53,019$42,876$34,404$27,417$21,719$14,993
21 years$49,964$39,937$31,645$24,882$19,436$13,115
22 years$47,190$37,280$29,166$22,624$17,422$11,487
23 years$44,661$34,867$26,929$20,604$15,639$10,073
24 years$42,346$32,668$24,905$18,792$14,057$8,843
25 years$40,219$30,657$23,067$17,162$12,649$7,769
26 years$38,260$28,813$21,394$15,692$11,394$6,831
27 years$36,448$27,116$19,866$14,363$10,272$6,010
28 years$34,769$25,552$18,468$13,160$9,269$5,291
29 years$33,209$24,105$17,186$12,068$8,369$4,660
30 years$31,755$22,765$16,008$11,075$7,562$4,107
31 years$30,398$21,520$14,924$10,172$6,837$3,620
32 years$29,128$20,362$13,924$9,348$6,185$3,193
33 years$27,937$19,284$13,001$8,596$5,597$2,817
34 years$26,819$18,277$12,147$7,909$5,068$2,485
35 years$25,768$17,335$11,357$7,281$4,590$2,193
36 years$24,776$16,453$10,624$6,706$4,159$1,936
37 years$23,841$15,627$9,944$6,178$3,769$1,710
38 years$22,957$14,851$9,312$5,695$3,417$1,510
39 years$22,120$14,122$8,725$5,251$3,099$1,333
40 years$21,328$13,436$8,177$4,843$2,811$1,178
41 years$20,576$12,790$7,668$4,468$2,550$1,041
42 years$19,861$12,181$7,193$4,124$2,314$919
43 years$19,182$11,606$6,749$3,807$2,100$812
44 years$18,535$11,063$6,335$3,515$1,906$718
45 years$17,919$10,549$5,949$3,246$1,730$634
46 years$17,331$10,063$5,587$2,998$1,571$561
47 years$16,770$9,604$5,249$2,770$1,427$495
48 years$16,234$9,168$4,933$2,560$1,296$438
49 years$15,722$8,755$4,636$2,366$1,177$387
50 years$15,231$8,363$4,359$2,187$1,069$342

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $15,600,000, adding $4,961 every year, while hoping to spend $20,746 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: 55/16/29 Blend
39$15,600,000$15,600,000$15,600,000$15,600,000
40$17,196,317$16,369,517$16,127,717$18,003,490
41$18,928,268$17,149,550$16,645,922$19,341,462
42$20,836,182$17,967,109$17,180,792$20,795,428
43$22,937,987$18,824,011$17,732,862$22,378,671
44$25,253,436$19,722,162$18,302,687$24,103,649
45$27,804,297$20,663,559$18,890,838$25,984,064
46$30,614,559$21,650,297$19,497,905$28,034,983
47$33,710,656$22,684,573$20,124,497$30,272,979
48$37,121,717$23,768,692$20,771,241$32,716,283
49$40,879,843$24,905,068$21,438,788$35,384,950
50$45,020,406$26,096,236$22,127,807$38,301,045
51$49,582,388$27,344,851$22,838,989$41,488,850
52$54,608,743$28,653,701$23,573,047$44,975,079
53$60,146,809$30,025,706$24,330,718$48,789,135
54$66,248,749$31,463,931$25,112,762$52,963,377
55$72,972,045$32,971,588$25,919,964$57,533,420
56$80,380,045$34,552,047$26,753,134$62,538,465
57$88,542,554$36,208,841$27,613,108$68,021,667
58$97,536,496$37,945,676$28,500,749$74,030,529
59$107,446,643$39,766,438$29,416,948$80,617,351
60$118,366,409$41,675,203$30,362,624$87,839,711
61$130,398,738$43,676,243$31,338,728$95,761,005
62$143,657,071$45,774,041$32,346,237$104,451,037
63$158,266,421$47,973,298$33,386,165$113,986,667
64$174,364,549$50,278,942$34,459,554$124,452,534
65$192,103,267$52,696,145$35,567,484$135,941,842
66$211,649,871$55,230,326$36,711,065$148,557,232
67$233,188,719$57,887,173$37,891,446$162,411,742
68$256,922,971$60,672,648$39,109,813$177,629,864
69$283,076,511$63,593,004$40,367,388$194,348,710
70$311,896,055$66,654,801$41,665,436$212,719,294
71$343,653,484$69,864,917$43,005,259$232,907,948
72$378,648,407$73,230,566$44,388,203$255,097,880
73$417,210,993$76,759,313$45,815,656$279,490,892
74$459,705,088$80,459,092$47,289,054$306,309,271
75$506,531,645$84,338,226$48,809,876$335,797,877
76$558,132,515$88,405,442$50,379,649$368,226,437
77$614,994,615$92,669,892$51,999,951$403,892,082
78$677,654,526$97,141,177$53,672,409$443,122,132
79$746,703,557$101,829,364$55,398,705$486,277,173
80$822,793,330$106,745,013$57,180,571$533,754,445
81$906,641,929$111,899,198$59,019,800$585,991,575
82$999,040,681$117,303,534$60,918,238$643,470,690
83$1,100,861,626$122,970,202$62,877,795$706,722,950
84$1,213,065,750$128,911,980$64,900,438$776,333,542
85$1,336,712,055$135,142,266$66,988,202$852,947,187
86$1,472,967,562$141,675,114$69,143,184$937,274,204
87$1,623,118,323$148,525,265$71,367,550$1,030,097,193
88$1,788,581,566$155,708,177$73,663,538$1,132,278,399
89$1,970,919,073$163,240,064$76,033,453$1,244,767,833
90$2,171,851,925$171,137,934$78,479,680$1,368,612,211
91$2,393,276,749$179,419,620$81,004,677$1,504,964,809
92$2,637,283,627$188,103,831$83,610,983$1,655,096,326
93$2,906,175,825$197,210,187$86,301,219$1,820,406,851
94$3,202,491,539$206,759,266$89,078,090$2,002,439,050
95$3,529,027,858$216,772,652$91,944,388$2,202,892,697
96$3,888,867,170$227,272,983$94,902,996$2,423,640,692
97$4,285,406,264$238,284,002$97,956,889$2,666,746,706
98$4,722,388,397$249,830,612$101,109,139$2,934,484,627
99$5,203,938,634$261,938,932$104,362,916$3,229,359,992
100$5,734,602,794$274,636,359$107,721,493$3,554,133,601