Can I retire at age 40 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,211,380
2 years$641,827$629,874$618,289$607,057$596,162$555,679
3 years$423,635$411,630$400,074$388,947$378,230$339,094
4 years$314,560$302,591$291,151$280,215$269,757$232,268
5 years$249,132$237,235$225,945$215,232$205,065$169,324
6 years$205,527$193,720$182,598$172,122$162,261$128,297
7 years$174,394$162,686$151,739$141,511$131,961$99,772
8 years$151,054$139,452$128,687$118,710$109,475$79,036
9 years$132,910$121,418$110,838$101,115$92,194$63,470
10 years$118,404$107,024$96,631$87,162$78,553$51,501
11 years$106,543$95,277$85,073$75,857$67,559$42,127
12 years$96,666$85,516$75,500$66,537$58,545$34,679
13 years$88,315$77,281$67,454$58,742$51,052$28,693
14 years$81,163$70,247$60,608$52,145$44,752$23,838
15 years$74,970$64,171$54,721$46,504$39,403$19,870
16 years$69,557$58,876$49,612$41,639$34,825$16,608
17 years$64,785$54,223$45,145$37,412$30,878$13,913
18 years$60,549$50,104$41,212$33,716$27,455$11,677
19 years$56,763$46,436$37,727$30,465$24,472$9,816
20 years$53,359$43,151$34,624$27,592$21,858$8,262
21 years$50,284$40,193$31,848$25,042$19,561$6,961
22 years$47,492$37,519$29,353$22,769$17,533$5,871
23 years$44,947$35,091$27,102$20,736$15,739$4,955
24 years$42,617$32,878$25,065$18,912$14,147$4,184
25 years$40,477$30,854$23,215$17,272$12,730$3,536
26 years$38,505$28,998$21,531$15,792$11,467$2,989
27 years$36,682$27,290$19,993$14,455$10,338$2,528
28 years$34,992$25,716$18,586$13,244$9,328$2,138
29 years$33,421$24,260$17,296$12,145$8,423$1,810
30 years$31,958$22,911$16,111$11,146$7,611$1,532
31 years$30,592$21,658$15,019$10,237$6,881$1,297
32 years$29,314$20,493$14,013$9,408$6,224$1,098
33 years$28,116$19,407$13,084$8,651$5,633$930
34 years$26,991$18,394$12,225$7,960$5,100$787
35 years$25,933$17,446$11,430$7,328$4,619$667
36 years$24,935$16,559$10,692$6,749$4,185$565
37 years$23,994$15,727$10,008$6,218$3,793$478
38 years$23,104$14,946$9,372$5,731$3,439$405
39 years$22,262$14,213$8,780$5,284$3,119$343
40 years$21,464$13,522$8,230$4,874$2,829$291
41 years$20,707$12,872$7,717$4,497$2,566$247
42 years$19,988$12,259$7,239$4,150$2,329$209
43 years$19,305$11,680$6,793$3,831$2,113$177
44 years$18,654$11,133$6,376$3,537$1,918$150
45 years$18,034$10,617$5,987$3,267$1,741$127
46 years$17,442$10,128$5,623$3,018$1,581$108
47 years$16,878$9,665$5,283$2,788$1,436$91
48 years$16,338$9,227$4,964$2,576$1,304$77
49 years$15,822$8,811$4,666$2,381$1,184$66
50 years$15,329$8,417$4,387$2,201$1,076$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $15,700,000, adding $4,222 every year, while hoping to spend $37,703 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: 38/41/21 Blend
39$15,700,000$15,700,000$15,700,000$15,700,000
40$17,305,755$16,473,655$16,230,305$17,854,370
41$19,030,826$17,240,748$16,733,905$19,018,908
42$20,930,591$18,044,166$17,253,111$20,272,765
43$23,022,829$18,885,647$17,788,407$21,627,087
44$25,327,130$19,767,016$18,340,292$23,090,971
45$27,865,083$20,690,186$18,909,277$24,674,391
46$30,660,477$21,657,160$19,495,893$26,388,287
47$33,739,525$22,670,041$20,100,686$28,244,657
48$37,131,114$23,731,031$20,724,216$30,256,669
49$40,867,076$24,842,439$21,367,065$32,438,769
50$44,982,485$26,006,686$22,029,830$34,806,819
51$49,515,996$27,226,311$22,713,126$37,378,230
52$54,510,202$28,503,975$23,417,591$40,172,121
53$60,012,040$29,842,467$24,143,877$43,209,490
54$66,073,232$31,244,711$24,892,660$46,513,399
55$72,750,774$32,713,775$25,664,637$50,109,186
56$80,107,475$34,252,872$26,460,524$54,024,692
57$88,212,547$35,865,372$27,281,061$58,290,510
58$97,142,261$37,554,809$28,127,011$62,940,265
59$106,980,664$39,324,888$28,999,159$68,010,916
60$117,820,377$41,179,492$29,898,316$73,543,094
61$129,763,462$43,122,694$30,825,316$79,581,474
62$142,922,392$45,158,763$31,781,021$86,175,177
63$157,421,110$47,292,176$32,766,319$93,378,223
64$173,396,196$49,527,626$33,782,124$101,250,025
65$190,998,163$51,870,035$34,829,380$109,855,932
66$210,392,870$54,324,561$35,909,059$119,267,830
67$231,763,094$56,896,615$37,022,163$129,564,803
68$255,310,250$59,591,870$38,169,726$140,833,860
69$281,256,297$62,416,272$39,352,813$153,170,738
70$309,845,829$65,376,060$40,572,522$166,680,783
71$341,348,387$68,477,770$41,829,985$181,479,927
72$376,061,001$71,728,260$43,126,369$197,695,756
73$414,310,998$75,134,719$44,462,876$215,468,696
74$456,459,085$78,704,686$45,840,748$234,953,307
75$502,902,761$82,446,064$47,261,262$256,319,723
76$554,080,064$86,367,143$48,725,736$279,755,228
77$610,473,710$90,476,613$50,235,528$305,465,998
78$672,615,650$94,783,588$51,792,039$333,679,014
79$741,092,086$99,297,624$53,396,712$364,644,181
80$816,549,012$104,028,740$55,051,035$398,636,646
81$899,698,309$108,987,446$56,756,543$435,959,369
82$991,324,465$114,184,760$58,514,815$476,945,945
83$1,092,291,982$119,632,235$60,327,484$521,963,717
84$1,203,553,537$125,341,988$62,196,227$571,417,202
85$1,326,158,976$131,326,723$64,122,779$625,751,876
86$1,461,265,223$137,599,764$66,108,924$685,458,329
87$1,610,147,206$144,175,082$68,156,503$751,076,859
88$1,774,209,888$151,067,328$70,267,412$823,202,522
89$1,955,001,535$158,291,866$72,443,609$902,490,702
90$2,154,228,331$165,864,807$74,687,109$989,663,248
91$2,373,770,484$173,803,045$76,999,991$1,085,515,234
92$2,615,699,978$182,124,300$79,384,396$1,190,922,409
93$2,882,300,136$190,847,151$81,842,533$1,306,849,409
94$3,176,087,171$199,991,082$84,376,679$1,434,358,797
95$3,499,833,945$209,576,527$86,989,180$1,574,621,035
96$3,856,596,144$219,624,914$89,682,455$1,728,925,464
97$4,249,741,131$230,158,715$92,458,997$1,898,692,406
98$4,682,979,731$241,201,496$95,321,377$2,085,486,501
99$5,160,401,265$252,777,971$98,272,245$2,291,031,398
100$5,686,512,160$264,914,058$101,314,331$2,517,225,948