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%11.5%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,244,050
2 years$641,827$629,874$618,289$607,057$596,162$588,203
3 years$423,635$411,630$400,074$388,947$378,230$370,449
4 years$314,560$302,591$291,151$280,215$269,757$262,213
5 years$249,132$237,235$225,945$215,232$205,065$197,781
6 years$205,527$193,720$182,598$172,122$162,261$155,247
7 years$174,394$162,686$151,739$141,511$131,961$125,220
8 years$151,054$139,452$128,687$118,710$109,475$103,006
9 years$132,910$121,418$110,838$101,115$92,194$85,996
10 years$118,404$107,024$96,631$87,162$78,553$72,624
11 years$106,543$95,277$85,073$75,857$67,559$61,893
12 years$96,666$85,516$75,500$66,537$58,545$53,139
13 years$88,315$77,281$67,454$58,742$51,052$45,900
14 years$81,163$70,247$60,608$52,145$44,752$39,847
15 years$74,970$64,171$54,721$46,504$39,403$34,739
16 years$69,557$58,876$49,612$41,639$34,825$30,395
17 years$64,785$54,223$45,145$37,412$30,878$26,676
18 years$60,549$50,104$41,212$33,716$27,455$23,473
19 years$56,763$46,436$37,727$30,465$24,472$20,702
20 years$53,359$43,151$34,624$27,592$21,858$18,293
21 years$50,284$40,193$31,848$25,042$19,561$16,193
22 years$47,492$37,519$29,353$22,769$17,533$14,355
23 years$44,947$35,091$27,102$20,736$15,739$12,743
24 years$42,617$32,878$25,065$18,912$14,147$11,325
25 years$40,477$30,854$23,215$17,272$12,730$10,074
26 years$38,505$28,998$21,531$15,792$11,467$8,970
27 years$36,682$27,290$19,993$14,455$10,338$7,993
28 years$34,992$25,716$18,586$13,244$9,328$7,128
29 years$33,421$24,260$17,296$12,145$8,423$6,360
30 years$31,958$22,911$16,111$11,146$7,611$5,678
31 years$30,592$21,658$15,019$10,237$6,881$5,072
32 years$29,314$20,493$14,013$9,408$6,224$4,532
33 years$28,116$19,407$13,084$8,651$5,633$4,051
34 years$26,991$18,394$12,225$7,960$5,100$3,623
35 years$25,933$17,446$11,430$7,328$4,619$3,241
36 years$24,935$16,559$10,692$6,749$4,185$2,900
37 years$23,994$15,727$10,008$6,218$3,793$2,595
38 years$23,104$14,946$9,372$5,731$3,439$2,323
39 years$22,262$14,213$8,780$5,284$3,119$2,080
40 years$21,464$13,522$8,230$4,874$2,829$1,863
41 years$20,707$12,872$7,717$4,497$2,566$1,668
42 years$19,988$12,259$7,239$4,150$2,329$1,495
43 years$19,305$11,680$6,793$3,831$2,113$1,339
44 years$18,654$11,133$6,376$3,537$1,918$1,200
45 years$18,034$10,617$5,987$3,267$1,741$1,075
46 years$17,442$10,128$5,623$3,018$1,581$963
47 years$16,878$9,665$5,283$2,788$1,436$863
48 years$16,338$9,227$4,964$2,576$1,304$774
49 years$15,822$8,811$4,666$2,381$1,184$694
50 years$15,329$8,417$4,387$2,201$1,076$622

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 $2,483 every year, while hoping to spend $31,305 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: 72/19/9 Blend
39$15,700,000$15,700,000$15,700,000$15,700,000
40$17,303,961$16,471,861$16,228,511$18,521,937
41$19,035,657$17,245,674$16,738,858$20,100,709
42$20,942,937$18,056,355$17,265,252$21,824,650
43$23,043,676$18,905,676$17,808,199$23,711,334
44$25,357,575$19,795,498$18,368,217$25,776,810
45$27,906,340$20,727,770$18,945,845$28,038,740
46$30,713,891$21,704,535$19,541,635$30,516,562
47$33,806,588$22,727,937$20,156,159$33,231,670
48$37,213,475$23,800,222$20,790,006$36,207,614
49$40,966,562$24,923,744$21,443,783$39,470,315
50$45,101,118$26,100,975$22,118,117$43,048,310
51$49,656,013$27,334,503$22,813,655$46,973,014
52$54,674,076$28,627,044$23,531,062$51,279,014
53$60,202,505$29,981,442$24,271,026$56,004,391
54$66,293,312$31,400,685$25,034,257$61,191,073
55$73,003,811$32,887,899$25,821,486$66,885,227
56$80,397,162$34,446,368$26,633,467$73,137,690
57$88,542,963$36,079,531$27,470,979$80,004,445
58$97,517,913$37,790,995$28,334,824$87,547,140
59$107,406,530$39,584,544$29,225,831$95,833,665
60$118,301,952$41,464,143$30,144,852$104,938,792
61$130,306,816$43,433,951$31,092,770$114,944,867
62$143,534,225$45,498,329$32,070,492$125,942,583
63$158,108,818$47,661,848$33,078,955$138,031,834
64$174,167,943$49,929,304$34,119,125$151,322,642
65$191,862,957$52,305,725$35,192,001$165,936,196
66$211,360,655$54,796,381$36,298,609$182,005,983
67$232,844,840$57,406,802$37,440,010$199,679,040
68$256,518,061$60,142,783$38,617,298$219,117,336
69$282,603,527$63,010,403$39,831,601$240,499,290
70$311,347,210$66,016,036$41,084,083$264,021,445
71$343,020,170$69,166,366$42,375,944$289,900,314
72$377,921,111$72,468,402$43,708,422$318,374,414
73$416,379,204$75,929,493$45,082,794$349,706,506
74$458,757,192$79,557,348$46,500,377$384,186,063
75$505,454,815$83,360,047$47,962,529$422,131,994
76$556,912,584$87,346,067$49,470,651$463,895,636
77$613,615,938$91,524,295$51,026,189$509,864,063
78$676,099,830$95,904,052$52,630,633$560,463,724
79$744,953,774$100,495,112$54,285,520$616,164,454
80$820,827,411$105,307,724$55,992,437$677,483,896
81$904,436,642$110,352,638$57,753,018$744,992,367
82$996,570,386$115,641,124$59,568,951$819,318,234
83$1,098,098,031$121,185,004$61,441,976$901,153,819
84$1,209,977,635$126,996,674$63,373,888$991,261,924
85$1,333,264,978$133,089,135$65,366,537$1,090,483,009
86$1,469,123,522$139,476,020$67,421,833$1,199,743,109
87$1,618,835,402$146,171,625$69,541,745$1,320,062,551
88$1,783,813,524$153,190,946$71,728,304$1,452,565,570
89$1,965,614,907$160,549,706$73,983,606$1,598,490,898
90$2,165,955,382$168,264,396$76,309,811$1,759,203,430
91$2,386,725,790$176,352,310$78,709,149$1,936,207,090
92$2,630,009,833$184,831,586$81,183,917$2,131,159,000
93$2,898,103,745$193,721,243$83,736,488$2,345,885,096
94$3,193,537,973$203,041,229$86,369,306$2,582,397,340
95$3,519,101,063$212,812,466$89,084,895$2,842,912,679
96$3,877,865,988$223,056,894$91,885,855$3,129,873,950
97$4,273,219,159$233,797,522$94,774,871$3,445,972,901
98$4,708,892,395$245,058,482$97,754,711$3,794,175,576
99$5,188,998,154$256,865,083$100,828,229$4,177,750,274
100$5,718,068,361$269,243,867$103,998,370$4,600,298,369