Can I retire at age 40 with 10,800,000?

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 $10,800,000?

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$891,854$883,910$876,159$868,594$861,207$851,151
2 years$441,512$433,289$425,320$417,593$410,099$399,977
3 years$291,417$283,159$275,210$267,556$260,183$250,310
4 years$216,385$208,152$200,283$192,759$185,565$176,017
5 years$171,377$163,194$155,427$148,057$141,064$131,868
6 years$141,382$133,260$125,608$118,403$111,619$102,786
7 years$119,965$111,911$104,381$97,345$90,776$82,311
8 years$103,910$95,929$88,524$81,661$75,307$67,209
9 years$91,429$83,523$76,245$69,557$63,420$55,684
10 years$81,450$73,622$66,472$59,959$54,037$46,659
11 years$73,291$65,541$58,521$52,182$46,473$39,447
12 years$66,496$58,826$51,936$45,771$40,273$33,591
13 years$60,752$53,162$46,401$40,409$35,119$28,773
14 years$55,832$48,322$41,692$35,870$30,785$24,765
15 years$51,572$44,143$37,642$31,990$27,105$21,403
16 years$47,848$40,501$34,128$28,644$23,956$18,561
17 years$44,566$37,300$31,055$25,736$21,241$16,142
18 years$41,651$34,467$28,349$23,193$18,886$14,074
19 years$39,047$31,943$25,953$20,957$16,834$12,297
20 years$36,706$29,683$23,818$18,981$15,036$10,763
21 years$34,590$27,649$21,908$17,226$13,456$9,436
22 years$32,670$25,809$20,192$15,663$12,061$8,284
23 years$30,919$24,139$18,643$14,264$10,827$7,281
24 years$29,316$22,616$17,242$13,010$9,731$6,406
25 years$27,844$21,224$15,970$11,881$8,757$5,642
26 years$26,487$19,948$14,811$10,864$7,888$4,972
27 years$25,233$18,773$13,753$9,944$7,112$4,385
28 years$24,071$17,690$12,785$9,111$6,417$3,870
29 years$22,991$16,688$11,898$8,355$5,794$3,417
30 years$21,984$15,760$11,082$7,667$5,235$3,019
31 years$21,044$14,899$10,332$7,042$4,733$2,668
32 years$20,165$14,097$9,640$6,472$4,282$2,358
33 years$19,341$13,350$9,001$5,951$3,875$2,086
34 years$18,567$12,653$8,410$5,476$3,508$1,845
35 years$17,839$12,001$7,863$5,041$3,178$1,633
36 years$17,153$11,391$7,355$4,642$2,879$1,445
37 years$16,505$10,819$6,884$4,277$2,609$1,279
38 years$15,893$10,282$6,447$3,942$2,366$1,132
39 years$15,314$9,777$6,040$3,635$2,145$1,003
40 years$14,765$9,302$5,661$3,353$1,946$888
41 years$14,245$8,854$5,309$3,093$1,765$786
42 years$13,750$8,433$4,980$2,855$1,602$697
43 years$13,280$8,035$4,673$2,635$1,454$617
44 years$12,832$7,659$4,386$2,433$1,320$547
45 years$12,405$7,303$4,118$2,247$1,198$484
46 years$11,998$6,967$3,868$2,076$1,088$429
47 years$11,610$6,649$3,634$1,918$988$380
48 years$11,239$6,347$3,415$1,772$897$337
49 years$10,884$6,061$3,210$1,638$815$299
50 years$10,545$5,790$3,018$1,514$740$265

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $10,800,000, adding $5,237 every year, while hoping to spend $27,403 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: 46/39/15 Blend
39$10,800,000$10,800,000$10,800,000$10,800,000
40$11,907,002$11,334,602$11,167,202$12,403,808
41$13,092,360$11,860,841$11,512,147$13,275,910
42$14,397,705$12,411,947$11,867,729$14,218,268
43$15,835,249$12,989,110$12,234,275$15,240,002
44$17,418,445$13,593,577$12,612,124$16,348,494
45$19,162,118$14,226,655$13,001,622$17,551,850
46$21,082,607$14,889,713$13,403,129$18,858,965
47$23,197,913$15,584,190$13,817,014$20,279,612
48$25,527,874$16,311,589$14,243,658$21,824,521
49$28,094,350$17,073,489$14,683,454$23,505,481
50$30,921,430$17,871,546$15,136,805$25,335,441
51$34,035,657$18,707,494$15,604,130$27,328,633
52$37,466,284$19,583,150$16,085,857$29,500,695
53$41,245,542$20,500,422$16,582,431$31,868,815
54$45,408,952$21,461,307$17,094,307$34,451,887
55$49,995,655$22,467,902$17,621,957$37,270,683
56$55,048,785$23,522,401$18,165,865$40,348,042
57$60,615,871$24,627,109$18,726,531$43,709,077
58$66,749,291$25,784,439$19,304,472$47,381,408
59$73,506,764$26,996,922$19,900,217$51,395,411
60$80,951,895$28,267,211$20,514,315$55,784,500
61$89,154,773$29,598,089$21,147,329$60,585,429
62$98,192,637$30,992,473$21,799,841$65,838,636
63$108,150,601$32,453,419$22,472,452$71,588,612
64$119,122,461$33,984,135$23,165,777$77,884,310
65$131,211,576$35,587,982$23,880,455$84,779,600
66$144,531,847$37,268,484$24,617,141$92,333,764
67$159,208,792$39,029,336$25,376,511$100,612,046
68$175,380,728$40,874,413$26,159,264$109,686,256
69$193,200,080$42,807,777$26,966,117$119,635,434
70$212,834,817$44,833,687$27,797,810$130,546,583
71$234,470,040$46,956,609$28,655,108$142,515,482
72$258,309,726$49,181,225$29,538,797$155,647,568
73$284,578,659$51,512,445$30,449,687$170,058,922
74$313,524,545$53,955,418$31,388,614$185,877,348
75$345,420,355$56,515,540$32,356,439$203,243,563
76$380,566,902$59,198,472$33,354,050$222,312,506
77$419,295,677$62,010,148$34,382,362$243,254,789
78$461,971,981$64,956,791$35,442,317$266,258,282
79$508,998,376$68,044,926$36,534,888$291,529,870
80$560,818,479$71,281,396$37,661,074$319,297,387
81$617,921,153$74,673,374$38,821,910$349,811,744
82$680,845,124$78,228,383$40,018,458$383,349,274
83$750,184,065$81,954,312$41,251,814$420,214,319
84$826,592,200$85,859,433$42,523,110$460,742,077
85$910,790,479$89,952,420$43,833,508$505,301,743
86$1,003,573,387$94,242,368$45,184,210$554,299,963
87$1,105,816,444$98,738,815$46,576,453$608,184,651
88$1,218,484,467$103,451,763$48,011,510$667,449,181
89$1,342,640,684$108,391,701$49,490,697$732,637,020
90$1,479,456,765$113,569,625$51,015,366$804,346,819
91$1,630,223,888$118,997,070$52,586,914$883,238,038
92$1,796,364,927$124,686,129$54,206,779$970,037,132
93$1,979,447,886$130,649,486$55,876,442$1,065,544,372
94$2,181,200,699$136,900,439$57,597,432$1,170,641,359
95$2,403,527,547$143,452,937$59,371,322$1,286,299,313
96$2,648,526,831$150,321,606$61,199,736$1,413,588,189
97$2,918,510,986$157,521,782$63,084,345$1,553,686,741
98$3,216,028,309$165,069,552$65,026,872$1,707,893,601
99$3,543,887,018$172,981,781$67,029,094$1,877,639,487
100$3,905,181,766$181,276,161$69,092,841$2,064,500,661