Can I retire at age 40 with 10,500,000?

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$867,080$859,357$851,821$844,466$837,285$828,541
2 years$429,248$421,253$413,506$405,993$398,707$389,902
3 years$283,323$275,294$267,565$260,124$252,956$244,362
4 years$210,374$202,370$194,719$187,405$180,410$172,094
5 years$166,617$158,661$151,110$143,945$137,145$129,131
6 years$137,455$129,558$122,119$115,114$108,518$100,817
7 years$116,633$108,803$101,482$94,641$88,254$80,868
8 years$101,023$93,264$86,065$79,392$73,216$66,144
9 years$88,889$81,203$74,127$67,625$61,658$54,899
10 years$79,187$71,577$64,626$58,293$52,536$46,085
11 years$71,255$63,720$56,896$50,732$45,183$39,034
12 years$64,649$57,192$50,493$44,499$39,154$33,303
13 years$59,064$51,685$45,113$39,286$34,143$28,581
14 years$54,281$46,980$40,534$34,874$29,930$24,650
15 years$50,139$42,917$36,597$31,101$26,353$21,346
16 years$46,519$39,376$33,180$27,848$23,290$18,550
17 years$43,328$36,264$30,193$25,021$20,651$16,167
18 years$40,494$33,509$27,562$22,549$18,362$14,126
19 years$37,962$31,056$25,232$20,375$16,366$12,369
20 years$35,686$28,859$23,156$18,453$14,619$10,850
21 years$33,630$26,881$21,299$16,748$13,082$9,534
22 years$31,762$25,092$19,631$15,227$11,726$8,389
23 years$30,060$23,468$18,125$13,868$10,526$7,390
24 years$28,502$21,988$16,763$12,648$9,461$6,517
25 years$27,071$20,635$15,526$11,551$8,514$5,753
26 years$25,752$19,393$14,399$10,562$7,669$5,082
27 years$24,532$18,251$13,371$9,668$6,914$4,493
28 years$23,402$17,198$12,430$8,858$6,239$3,975
29 years$22,352$16,225$11,567$8,123$5,633$3,518
30 years$21,373$15,322$10,775$7,454$5,090$3,115
31 years$20,460$14,485$10,045$6,846$4,602$2,760
32 years$19,605$13,706$9,372$6,292$4,163$2,446
33 years$18,804$12,979$8,751$5,786$3,767$2,169
34 years$18,051$12,301$8,176$5,324$3,411$1,923
35 years$17,344$11,668$7,644$4,901$3,089$1,706
36 years$16,676$11,074$7,151$4,513$2,799$1,514
37 years$16,047$10,518$6,693$4,158$2,537$1,343
38 years$15,452$9,996$6,268$3,833$2,300$1,192
39 years$14,889$9,505$5,872$3,534$2,086$1,059
40 years$14,355$9,043$5,504$3,260$1,892$940
41 years$13,849$8,608$5,161$3,008$1,716$835
42 years$13,368$8,198$4,841$2,776$1,557$741
43 years$12,911$7,811$4,543$2,562$1,413$658
44 years$12,475$7,446$4,264$2,366$1,283$585
45 years$12,061$7,100$4,004$2,185$1,165$519
46 years$11,665$6,773$3,761$2,018$1,057$461
47 years$11,288$6,464$3,533$1,865$960$410
48 years$10,927$6,171$3,320$1,723$872$364
49 years$10,582$5,893$3,121$1,592$792$324
50 years$10,252$5,629$2,934$1,472$719$288

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $10,500,000, adding $4,008 every year, while hoping to spend $35,920 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: 81/10/9 Blend
39$10,500,000$10,500,000$10,500,000$10,500,000
40$11,575,134$11,018,634$10,855,884$12,497,437
41$12,717,579$11,520,329$11,181,338$13,603,940
42$13,975,350$12,045,402$11,516,490$14,813,015
43$15,360,171$12,594,963$11,861,628$16,138,999
44$16,884,964$13,170,171$12,217,048$17,593,573
45$18,563,963$13,772,243$12,583,052$19,189,603
46$20,412,858$14,402,453$12,959,955$20,941,254
47$22,448,935$15,062,138$13,348,078$22,864,126
48$24,691,241$15,752,698$13,747,754$24,975,400
49$27,160,766$16,475,599$14,159,322$27,293,997
50$29,880,640$17,232,379$14,583,135$29,840,758
51$32,876,350$18,024,650$15,019,555$32,638,635
52$36,175,980$18,854,101$15,468,953$35,712,910
53$39,810,480$19,722,501$15,931,712$39,091,429
54$43,813,952$20,631,706$16,408,227$42,804,865
55$48,223,976$21,583,661$16,898,904$46,887,004
56$53,081,964$22,580,403$17,404,160$51,375,065
57$58,433,550$23,624,068$17,924,425$56,310,044
58$64,329,020$24,716,896$18,460,142$61,737,105
59$70,823,789$25,861,232$19,011,765$67,706,000
60$77,978,920$27,059,537$19,579,764$74,271,538
61$85,861,704$28,314,389$20,164,620$81,494,100
62$94,546,294$29,628,490$20,766,831$89,440,205
63$104,114,402$31,004,673$21,386,906$98,183,137
64$114,656,076$32,445,907$22,025,372$107,803,634
65$126,270,544$33,955,304$22,682,771$118,390,646
66$139,067,154$35,536,128$23,359,657$130,042,174
67$153,166,403$37,191,798$24,056,606$142,866,189
68$168,701,080$38,925,900$24,774,205$156,981,651
69$185,817,512$40,742,191$25,513,063$172,519,627
70$204,676,951$42,644,611$26,273,804$189,624,523
71$225,457,094$44,637,291$27,057,070$208,455,450
72$248,353,759$46,724,559$27,863,523$229,187,714
73$273,582,735$48,910,955$28,693,844$252,014,473
74$301,381,818$51,201,237$29,548,732$277,148,553
75$332,013,058$53,600,392$30,428,909$304,824,454
76$365,765,229$56,113,650$31,335,116$335,300,561
77$402,956,556$58,746,492$32,268,117$368,861,575
78$443,937,722$61,504,668$33,228,696$405,821,197
79$489,095,174$64,394,201$34,217,662$446,525,086
80$538,854,775$67,421,409$35,235,846$491,354,115
81$593,685,819$70,592,916$36,284,103$540,727,962
82$654,105,467$73,915,663$37,363,315$595,109,064
83$720,683,625$77,396,931$38,474,387$655,006,980
84$794,048,327$81,044,353$39,618,251$720,983,192
85$874,891,660$84,865,930$40,795,867$793,656,401
86$963,976,301$88,870,052$42,008,219$873,708,359
87$1,062,142,714$93,065,515$43,256,325$961,890,299
88$1,170,317,088$97,461,542$44,541,229$1,059,030,021
89$1,289,520,076$102,067,803$45,864,005$1,166,039,695
90$1,420,876,434$106,894,435$47,225,760$1,283,924,468
91$1,565,625,638$111,952,070$48,627,630$1,413,791,942
92$1,725,133,584$117,251,853$50,070,788$1,556,862,621
93$1,900,905,486$122,805,471$51,556,436$1,714,481,429
94$2,094,600,083$128,625,176$53,085,814$1,888,130,389
95$2,308,045,300$134,723,818$54,660,196$2,079,442,611
96$2,543,255,503$141,114,867$56,280,895$2,290,217,694
97$2,802,450,518$147,812,449$57,949,259$2,522,438,708
98$3,088,076,588$154,831,377$59,666,676$2,778,290,900
99$3,402,829,464$162,187,179$61,434,575$3,060,182,316
100$3,749,679,860$169,896,141$63,254,423$3,370,766,518