Can I retire at age 40 with 10,700,000?

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$883,596$875,725$868,047$860,552$853,233$843,270
2 years$437,424$429,277$421,382$413,727$406,301$396,274
3 years$288,719$280,537$272,662$265,079$257,774$247,993
4 years$214,381$206,225$198,428$190,974$183,847$174,387
5 years$169,790$161,683$153,988$146,687$139,757$130,647
6 years$140,073$132,026$124,445$117,306$110,585$101,835
7 years$118,854$110,875$103,415$96,444$89,935$81,549
8 years$102,948$95,041$87,704$80,905$74,610$66,586
9 years$90,582$82,750$75,539$68,913$62,833$55,168
10 years$80,696$72,940$65,857$59,403$53,536$46,227
11 years$72,612$64,934$57,979$51,699$46,043$39,082
12 years$65,881$58,281$51,455$45,347$39,900$33,280
13 years$60,189$52,669$45,972$40,034$34,794$28,506
14 years$55,315$47,875$41,306$35,538$30,500$24,536
15 years$51,094$43,735$37,294$31,694$26,854$21,205
16 years$47,405$40,126$33,812$28,378$23,734$18,389
17 years$44,153$36,954$30,768$25,498$21,044$15,993
18 years$41,266$34,147$28,087$22,979$18,712$13,944
19 years$38,685$31,648$25,712$20,763$16,678$12,183
20 years$36,366$29,408$23,597$18,805$14,897$10,664
21 years$34,270$27,393$21,705$17,067$13,331$9,349
22 years$32,367$25,570$20,005$15,518$11,950$8,207
23 years$30,633$23,915$18,471$14,132$10,727$7,214
24 years$29,045$22,407$17,082$12,889$9,641$6,347
25 years$27,586$21,028$15,822$11,771$8,676$5,590
26 years$26,242$19,763$14,674$10,763$7,815$4,926
27 years$25,000$18,599$13,626$9,852$7,046$4,345
28 years$23,848$17,526$12,667$9,026$6,357$3,834
29 years$22,778$16,534$11,788$8,277$5,741$3,386
30 years$21,781$15,614$10,980$7,596$5,187$2,991
31 years$20,850$14,761$10,236$6,977$4,690$2,643
32 years$19,979$13,967$9,551$6,412$4,242$2,337
33 years$19,162$13,227$8,917$5,896$3,839$2,066
34 years$18,395$12,536$8,332$5,425$3,476$1,828
35 years$17,674$11,890$7,790$4,994$3,148$1,617
36 years$16,994$11,285$7,287$4,599$2,852$1,431
37 years$16,353$10,718$6,821$4,238$2,585$1,267
38 years$15,746$10,186$6,387$3,906$2,344$1,122
39 years$15,172$9,686$5,984$3,602$2,125$993
40 years$14,629$9,216$5,609$3,322$1,928$880
41 years$14,113$8,772$5,259$3,065$1,749$779
42 years$13,623$8,355$4,933$2,828$1,587$690
43 years$13,157$7,960$4,629$2,611$1,440$611
44 years$12,713$7,588$4,345$2,411$1,307$542
45 years$12,290$7,236$4,080$2,226$1,187$480
46 years$11,887$6,903$3,832$2,057$1,078$425
47 years$11,503$6,587$3,600$1,900$979$377
48 years$11,135$6,288$3,383$1,756$889$334
49 years$10,783$6,005$3,180$1,623$807$296
50 years$10,447$5,736$2,990$1,500$733$262

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $10,700,000, adding $3,144 every year, while hoping to spend $53,664 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: 63/29/8 Blend
39$10,700,000$10,700,000$10,700,000$10,700,000
40$11,794,643$11,227,543$11,061,693$12,518,397
41$12,940,599$11,720,595$11,375,162$13,494,794
42$14,201,643$12,236,007$11,697,333$14,553,863
43$15,589,459$12,774,819$12,028,442$15,708,807
44$17,116,918$13,338,120$12,368,729$16,968,913
45$18,798,204$13,927,048$12,718,442$18,344,395
46$20,648,945$14,542,798$13,077,834$19,846,487
47$22,686,361$15,186,619$13,447,165$21,487,547
48$24,929,428$15,859,821$13,826,703$23,281,169
49$27,399,052$16,563,775$14,216,720$25,242,309
50$30,118,273$17,299,918$14,617,498$27,387,421
51$33,112,477$18,069,754$15,029,324$29,734,611
52$36,409,637$18,874,859$15,452,494$32,303,805
53$40,040,578$19,716,885$15,887,311$35,116,931
54$44,039,265$20,597,561$16,334,084$38,198,121
55$48,443,127$21,518,698$16,793,132$41,573,937
56$53,293,406$22,482,194$17,264,782$45,273,618
57$58,635,549$23,490,037$17,749,368$49,329,349
58$64,519,636$24,544,311$18,247,233$53,776,559
59$71,000,854$25,647,196$18,758,730$58,654,256
60$78,140,012$26,800,980$19,284,219$64,005,383
61$86,004,122$28,008,057$19,824,069$69,877,223
62$94,667,027$29,270,936$20,378,660$76,321,837
63$104,210,099$30,592,247$20,948,380$83,396,550
64$114,723,005$31,974,743$21,533,627$91,164,487
65$126,304,558$33,421,312$22,134,809$99,695,159
66$139,063,643$34,934,976$22,752,345$109,065,118
67$153,120,249$36,518,904$23,386,663$119,358,667
68$168,606,600$38,176,417$24,038,202$130,668,649
69$185,668,404$39,910,992$24,707,413$143,097,320
70$204,466,226$41,726,275$25,394,756$156,757,300
71$225,177,004$43,626,086$26,100,703$171,772,633
72$247,995,721$45,614,427$26,825,740$188,279,945
73$273,137,244$47,695,492$27,570,361$206,429,727
74$300,838,349$49,873,678$28,335,075$226,387,742
75$331,359,962$52,153,590$29,120,401$248,336,586
76$364,989,617$54,540,054$29,926,873$272,477,394
77$402,044,171$57,038,130$30,755,036$299,031,733
78$442,872,796$59,653,118$31,605,450$328,243,678
79$487,860,275$62,390,575$32,478,686$360,382,106
80$537,430,632$65,256,322$33,375,331$395,743,220
81$592,051,137$68,256,462$34,295,985$434,653,333
82$652,236,714$71,397,390$35,241,262$477,471,934
83$718,554,806$74,685,809$36,211,791$524,595,066
84$791,630,726$78,128,743$37,208,216$576,459,051
85$872,153,565$81,733,557$38,231,196$633,544,591
86$960,882,694$85,507,966$39,281,406$696,381,292
87$1,058,654,931$89,460,059$40,359,536$765,552,641
88$1,166,392,447$93,598,315$41,466,293$841,701,502
89$1,285,111,462$97,931,618$42,602,400$925,536,160
90$1,415,931,848$102,469,284$43,768,597$1,017,836,992
91$1,560,087,691$107,221,073$44,965,640$1,119,463,808
92$1,718,938,951$112,197,221$46,194,304$1,231,363,952
93$1,893,984,292$117,408,453$47,455,381$1,354,581,215
94$2,086,875,235$122,866,012$48,749,681$1,490,265,670
95$2,299,431,747$128,581,686$50,078,034$1,639,684,503
96$2,533,659,424$134,567,827$51,441,287$1,804,233,946
97$2,791,768,421$140,837,386$52,840,306$1,985,452,436
98$3,076,194,322$147,403,940$54,275,978$2,185,035,103
99$3,389,621,129$154,281,719$55,749,209$2,404,849,749
100$3,735,006,602$161,485,641$57,260,926$2,646,954,443