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

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 $15,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,223,862
2 years$637,739$625,862$614,351$603,190$592,365$572,165
3 years$420,936$409,008$397,526$386,470$375,821$356,155
4 years$312,556$300,664$289,297$278,430$268,038$249,058
5 years$247,545$235,724$224,506$213,861$203,758$185,518
6 years$204,218$192,487$181,434$171,026$161,227$143,747
7 years$173,283$161,650$150,773$140,610$131,121$114,407
8 years$150,092$138,564$127,867$117,954$108,777$92,827
9 years$132,064$120,645$110,132$100,471$91,606$76,410
10 years$117,650$106,342$96,016$86,607$78,053$63,599
11 years$105,864$94,670$84,531$75,374$67,128$53,401
12 years$96,050$84,971$75,019$66,113$58,172$45,155
13 years$87,752$76,789$67,024$58,368$50,727$38,400
14 years$80,646$69,799$60,222$51,813$44,467$32,810
15 years$74,493$63,763$54,372$46,208$39,152$28,144
16 years$69,114$58,501$49,296$41,374$34,603$24,220
17 years$64,373$53,877$44,858$37,174$30,681$20,901
18 years$60,163$49,785$40,949$33,501$27,280$18,079
19 years$56,401$46,140$37,487$30,271$24,316$15,670
20 years$53,019$42,876$34,404$27,417$21,719$13,605
21 years$49,964$39,937$31,645$24,882$19,436$11,829
22 years$47,190$37,280$29,166$22,624$17,422$10,298
23 years$44,661$34,867$26,929$20,604$15,639$8,975
24 years$42,346$32,668$24,905$18,792$14,057$7,829
25 years$40,219$30,657$23,067$17,162$12,649$6,835
26 years$38,260$28,813$21,394$15,692$11,394$5,972
27 years$36,448$27,116$19,866$14,363$10,272$5,221
28 years$34,769$25,552$18,468$13,160$9,269$4,567
29 years$33,209$24,105$17,186$12,068$8,369$3,996
30 years$31,755$22,765$16,008$11,075$7,562$3,498
31 years$30,398$21,520$14,924$10,172$6,837$3,064
32 years$29,128$20,362$13,924$9,348$6,185$2,684
33 years$27,937$19,284$13,001$8,596$5,597$2,352
34 years$26,819$18,277$12,147$7,909$5,068$2,061
35 years$25,768$17,335$11,357$7,281$4,590$1,807
36 years$24,776$16,453$10,624$6,706$4,159$1,585
37 years$23,841$15,627$9,944$6,178$3,769$1,390
38 years$22,957$14,851$9,312$5,695$3,417$1,219
39 years$22,120$14,122$8,725$5,251$3,099$1,069
40 years$21,328$13,436$8,177$4,843$2,811$938
41 years$20,576$12,790$7,668$4,468$2,550$823
42 years$19,861$12,181$7,193$4,124$2,314$722
43 years$19,182$11,606$6,749$3,807$2,100$634
44 years$18,535$11,063$6,335$3,515$1,906$556
45 years$17,919$10,549$5,949$3,246$1,730$488
46 years$17,331$10,063$5,587$2,998$1,571$428
47 years$16,770$9,604$5,249$2,770$1,427$376
48 years$16,234$9,168$4,933$2,560$1,296$330
49 years$15,722$8,755$4,636$2,366$1,177$290
50 years$15,231$8,363$4,359$2,187$1,069$254

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 $5,513 every year, while hoping to spend $56,303 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: 77/6/17 Blend
39$15,600,000$15,600,000$15,600,000$15,600,000
40$17,196,887$16,370,087$16,128,287$18,455,743
41$18,891,063$17,112,315$16,608,678$20,030,156
42$20,756,159$17,889,025$17,103,276$21,748,713
43$22,809,547$18,701,848$17,612,496$23,631,892
44$25,070,374$19,552,491$18,136,768$25,696,120
45$27,559,734$20,442,745$18,676,531$27,959,488
46$30,300,872$21,374,485$19,232,240$30,441,919
47$33,319,403$22,349,677$19,804,362$33,165,352
48$36,643,551$23,370,380$20,393,377$36,153,953
49$40,304,417$24,438,753$20,999,780$39,434,334
50$44,336,274$25,557,057$21,624,078$43,035,809
51$48,776,885$26,727,665$22,266,796$46,990,663
52$53,667,865$27,953,058$22,928,472$51,334,459
53$59,055,071$29,235,842$23,609,659$56,106,370
54$64,989,034$30,578,744$24,310,929$61,349,545
55$71,525,437$31,984,624$25,032,867$67,111,518
56$78,725,641$33,456,480$25,776,076$73,444,650
57$86,657,260$34,997,451$26,541,179$80,406,621
58$95,394,805$36,610,831$27,328,813$88,060,977
59$105,020,383$38,300,069$28,139,636$96,477,722
60$115,624,471$40,068,781$28,974,323$105,733,976
61$127,306,775$41,920,760$29,833,570$115,914,703
62$140,177,165$43,859,976$30,718,094$127,113,511
63$154,356,715$45,890,594$31,628,630$139,433,525
64$169,978,847$48,016,980$32,565,935$152,988,369
65$187,190,584$50,243,707$33,530,789$167,903,222
66$206,153,947$52,575,571$34,523,994$184,316,009
67$227,047,475$55,017,600$35,546,373$202,378,689
68$250,067,916$57,575,061$36,598,775$222,258,691
69$275,432,083$60,253,478$37,682,074$244,140,491
70$303,378,898$63,058,641$38,797,165$268,227,346
71$334,171,649$65,996,619$39,944,974$294,743,212
72$368,100,476$69,073,772$41,126,450$323,934,852
73$405,485,109$72,296,770$42,342,570$356,074,159
74$446,677,882$75,672,605$43,594,338$391,460,724
75$492,067,068$79,208,604$44,882,790$430,424,652
76$542,080,533$82,912,450$46,208,988$473,329,676
77$597,189,785$86,792,197$47,574,027$520,576,590
78$657,914,417$90,856,289$48,979,031$572,607,018
79$724,827,017$95,113,577$50,425,157$629,907,584
80$798,558,570$99,573,339$51,913,597$693,014,499
81$879,804,416$104,245,304$53,445,575$762,518,615
82$969,330,813$109,139,671$55,022,349$839,070,996
83$1,067,982,174$114,267,133$56,645,214$923,389,060
84$1,176,689,030$119,638,897$58,315,504$1,016,263,342
85$1,296,476,826$125,266,717$60,034,588$1,118,564,951
86$1,428,475,590$131,162,915$61,803,875$1,231,253,788
87$1,573,930,609$137,340,407$63,624,814$1,355,387,596
88$1,734,214,182$143,812,737$65,498,895$1,492,131,938
89$1,910,838,572$150,594,104$67,427,652$1,642,771,197
90$2,105,470,288$157,699,397$69,412,660$1,808,720,686
91$2,319,945,814$165,144,224$71,455,540$1,991,540,002
92$2,556,288,946$172,944,951$73,557,960$2,192,947,741
93$2,816,729,901$181,118,736$75,721,634$2,414,837,714
94$3,103,726,367$189,683,570$77,948,325$2,659,296,809
95$3,419,986,708$198,658,316$80,239,846$2,928,624,689
96$3,768,495,532$208,062,753$82,598,060$3,225,355,486
97$4,152,541,866$217,917,618$85,024,885$3,552,281,715
98$4,575,750,210$228,244,655$87,522,292$3,912,480,623
99$5,042,114,750$239,066,662$90,092,308$4,309,343,230
100$5,556,037,072$250,407,545$92,737,017$4,746,606,328