Can I retire at age 40 with 10,400,000?

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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$858,822$851,172$843,709$836,424$829,311$801,161
2 years$425,160$417,241$409,567$402,127$394,910$366,832
3 years$280,624$272,672$265,017$257,647$250,547$223,423
4 years$208,371$200,443$192,865$185,620$178,692$152,729
5 years$165,030$157,149$149,671$142,574$135,839$111,105
6 years$136,145$128,324$120,956$114,017$107,485$84,000
7 years$115,522$107,767$100,515$93,740$87,414$65,174
8 years$100,061$92,376$85,245$78,636$72,518$51,507
9 years$88,043$80,430$73,421$66,981$61,071$41,262
10 years$78,433$70,895$64,010$57,738$52,035$33,397
11 years$70,576$63,114$56,354$50,249$44,752$27,248
12 years$64,033$56,647$50,013$44,075$38,781$22,371
13 years$58,502$51,193$44,683$38,912$33,818$18,459
14 years$53,764$46,533$40,148$34,542$29,645$15,293
15 years$49,662$42,508$36,248$30,805$26,102$12,711
16 years$46,076$39,001$32,864$27,583$23,069$10,594
17 years$42,915$35,918$29,905$24,783$20,454$8,849
18 years$40,109$33,190$27,299$22,334$18,187$7,404
19 years$37,601$30,760$24,991$20,181$16,210$6,205
20 years$35,346$28,584$22,936$18,278$14,479$5,207
21 years$33,309$26,625$21,097$16,588$12,957$4,374
22 years$31,460$24,853$19,444$15,082$11,615$3,677
23 years$29,774$23,245$17,953$13,736$10,426$3,094
24 years$28,230$21,779$16,603$12,528$9,371$2,604
25 years$26,813$20,438$15,378$11,441$8,432$2,194
26 years$25,506$19,209$14,262$10,461$7,596$1,848
27 years$24,299$18,078$13,244$9,575$6,848$1,558
28 years$23,179$17,034$12,312$8,773$6,179$1,314
29 years$22,139$16,070$11,457$8,045$5,580$1,108
30 years$21,170$15,176$10,672$7,383$5,042$935
31 years$20,265$14,347$9,949$6,781$4,558$789
32 years$19,418$13,575$9,283$6,232$4,123$666
33 years$18,625$12,856$8,667$5,731$3,731$562
34 years$17,880$12,184$8,098$5,273$3,378$474
35 years$17,178$11,557$7,571$4,854$3,060$400
36 years$16,518$10,969$7,083$4,470$2,772$338
37 years$15,894$10,418$6,629$4,119$2,513$285
38 years$15,305$9,901$6,208$3,796$2,278$241
39 years$14,747$9,415$5,816$3,501$2,066$203
40 years$14,218$8,957$5,452$3,229$1,874$172
41 years$13,717$8,527$5,112$2,979$1,700$145
42 years$13,241$8,120$4,795$2,749$1,543$122
43 years$12,788$7,737$4,500$2,538$1,400$103
44 years$12,357$7,375$4,224$2,343$1,271$87
45 years$11,946$7,033$3,966$2,164$1,154$74
46 years$11,554$6,709$3,725$1,999$1,047$62
47 years$11,180$6,402$3,499$1,847$951$53
48 years$10,823$6,112$3,288$1,707$864$44
49 years$10,481$5,837$3,091$1,577$784$38
50 years$10,154$5,575$2,906$1,458$713$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $10,400,000, adding $4,965 every year, while hoping to spend $49,041 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: 67/19/14 Blend
39$10,400,000$10,400,000$10,400,000$10,400,000
40$11,465,921$10,914,721$10,753,521$12,196,667
41$12,583,266$11,397,364$11,061,585$13,167,134
42$13,812,936$11,902,011$11,378,325$14,221,595
43$15,166,338$12,429,692$11,703,981$15,373,296
44$16,656,037$12,981,479$12,038,797$16,631,766
45$18,295,882$13,558,501$12,383,026$18,007,490
46$20,101,130$14,161,936$12,736,925$19,512,006
47$22,088,594$14,793,019$13,100,761$21,158,013
48$24,276,799$15,453,046$13,474,806$22,959,487
49$26,686,160$16,143,372$13,859,339$24,931,809
50$29,339,169$16,865,418$14,254,647$27,091,913
51$32,260,611$17,620,671$14,661,025$29,458,438
52$35,477,800$18,410,690$15,078,776$32,051,905
53$39,020,830$19,237,108$15,508,209$34,894,904
54$42,922,864$20,101,636$15,949,643$38,012,308
55$47,220,446$21,006,066$16,403,406$41,431,504
56$51,953,844$21,952,276$16,869,833$45,182,646
57$57,167,431$22,942,232$17,349,267$49,298,940
58$62,910,104$23,977,997$17,842,063$53,816,948
59$69,235,745$25,061,730$18,348,583$58,776,939
60$76,203,730$26,195,693$18,869,199$64,223,255
61$83,879,485$27,382,257$19,404,292$70,204,733
62$92,335,112$28,623,906$19,954,255$76,775,159
63$101,650,060$29,923,244$20,519,489$83,993,772
64$111,911,880$31,282,998$21,100,406$91,925,818
65$123,217,052$32,706,025$21,697,430$100,643,162
66$135,671,892$34,195,321$22,310,994$110,224,961
67$149,393,556$35,754,023$22,941,544$120,758,408
68$164,511,149$37,385,420$23,589,536$132,339,546
69$181,166,939$39,092,958$24,255,438$145,074,174
70$199,517,703$40,880,249$24,939,731$159,078,834
71$219,736,204$42,751,077$25,642,908$174,481,912
72$242,012,825$44,709,407$26,365,473$191,424,838
73$266,557,362$46,759,397$27,107,945$210,063,418
74$293,601,007$48,905,402$27,870,856$230,569,294
75$323,398,531$51,151,988$28,654,750$253,131,563
76$356,230,684$53,503,938$29,460,187$277,958,549
77$392,406,849$55,966,267$30,287,740$305,279,765
78$432,267,964$58,544,230$31,137,995$335,348,071
79$476,189,734$61,243,335$32,011,556$368,442,051
80$524,586,184$64,069,355$32,909,040$404,868,637
81$577,913,562$67,028,341$33,831,080$444,965,992
82$636,674,650$70,126,634$34,778,325$489,106,699
83$701,423,507$73,370,882$35,751,441$537,701,264
84$772,770,700$76,768,050$36,751,110$591,201,980
85$851,389,070$80,325,443$37,778,031$650,107,190
86$938,020,080$84,050,715$38,832,920$714,965,976
87$1,033,480,816$87,951,889$39,916,511$786,383,330
88$1,138,671,703$92,037,374$41,029,558$865,025,858
89$1,254,584,999$96,315,988$42,172,830$951,628,053
90$1,382,314,168$100,796,971$43,347,119$1,046,999,220
91$1,523,064,199$105,490,008$44,553,234$1,152,031,099
92$1,678,162,985$110,405,256$45,792,004$1,267,706,269
93$1,849,073,852$115,553,356$47,064,279$1,395,107,411
94$2,037,409,383$120,945,469$48,370,931$1,535,427,507
95$2,244,946,633$126,593,290$49,712,850$1,689,981,090
96$2,473,643,910$132,509,081$51,090,950$1,860,216,633
97$2,725,659,259$138,705,696$52,506,168$2,047,730,207
98$3,003,370,840$145,196,611$53,959,460$2,254,280,525
99$3,309,399,373$151,995,953$55,451,810$2,481,805,530
100$3,646,632,885$159,118,531$56,984,222$2,732,440,665