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%
1 years$891,854$883,910$876,159$868,594$861,207$853,991
2 years$441,512$433,289$425,320$417,593$410,099$402,826
3 years$291,417$283,159$275,210$267,556$260,183$253,079
4 years$216,385$208,152$200,283$192,759$185,565$178,684
5 years$171,377$163,194$155,427$148,057$141,064$134,427
6 years$141,382$133,260$125,608$118,403$111,619$105,234
7 years$119,965$111,911$104,381$97,345$90,776$84,646
8 years$103,910$95,929$88,524$81,661$75,307$69,432
9 years$91,429$83,523$76,245$69,557$63,420$57,797
10 years$81,450$73,622$66,472$59,959$54,037$48,664
11 years$73,291$65,541$58,521$52,182$46,473$41,346
12 years$66,496$58,826$51,936$45,771$40,273$35,387
13 years$60,752$53,162$46,401$40,409$35,119$30,468
14 years$55,832$48,322$41,692$35,870$30,785$26,364
15 years$51,572$44,143$37,642$31,990$27,105$22,908
16 years$47,848$40,501$34,128$28,644$23,956$19,975
17 years$44,566$37,300$31,055$25,736$21,241$17,470
18 years$41,651$34,467$28,349$23,193$18,886$15,318
19 years$39,047$31,943$25,953$20,957$16,834$13,461
20 years$36,706$29,683$23,818$18,981$15,036$11,852
21 years$34,590$27,649$21,908$17,226$13,456$10,453
22 years$32,670$25,809$20,192$15,663$12,061$9,232
23 years$30,919$24,139$18,643$14,264$10,827$8,164
24 years$29,316$22,616$17,242$13,010$9,731$7,228
25 years$27,844$21,224$15,970$11,881$8,757$6,405
26 years$26,487$19,948$14,811$10,864$7,888$5,681
27 years$25,233$18,773$13,753$9,944$7,112$5,042
28 years$24,071$17,690$12,785$9,111$6,417$4,478
29 years$22,991$16,688$11,898$8,355$5,794$3,980
30 years$21,984$15,760$11,082$7,667$5,235$3,539
31 years$21,044$14,899$10,332$7,042$4,733$3,148
32 years$20,165$14,097$9,640$6,472$4,282$2,801
33 years$19,341$13,350$9,001$5,951$3,875$2,494
34 years$18,567$12,653$8,410$5,476$3,508$2,221
35 years$17,839$12,001$7,863$5,041$3,178$1,978
36 years$17,153$11,391$7,355$4,642$2,879$1,763
37 years$16,505$10,819$6,884$4,277$2,609$1,571
38 years$15,893$10,282$6,447$3,942$2,366$1,400
39 years$15,314$9,777$6,040$3,635$2,145$1,249
40 years$14,765$9,302$5,661$3,353$1,946$1,113
41 years$14,245$8,854$5,309$3,093$1,765$993
42 years$13,750$8,433$4,980$2,855$1,602$886
43 years$13,280$8,035$4,673$2,635$1,454$790
44 years$12,832$7,659$4,386$2,433$1,320$705
45 years$12,405$7,303$4,118$2,247$1,198$629
46 years$11,998$6,967$3,868$2,076$1,088$561
47 years$11,610$6,649$3,634$1,918$988$501
48 years$11,239$6,347$3,415$1,772$897$447
49 years$10,884$6,061$3,210$1,638$815$399
50 years$10,545$5,790$3,018$1,514$740$356

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 $6,468 every year, while hoping to spend $28,286 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: 46/28/26 Blend
39$10,800,000$10,800,000$10,800,000$10,800,000
40$11,908,272$11,335,872$11,168,472$12,366,731
41$13,092,819$11,861,233$11,512,519$13,216,510
42$14,397,243$12,411,390$11,867,145$14,134,697
43$15,833,740$12,987,526$12,232,672$15,130,397
44$17,415,750$13,590,884$12,609,436$16,210,879
45$19,158,086$14,222,766$12,997,781$17,384,124
46$21,077,066$14,884,537$13,398,062$18,658,903
47$23,190,675$15,577,628$13,810,646$20,044,851
48$25,518,731$16,303,538$14,235,909$21,552,555
49$28,083,070$17,063,841$14,674,241$23,193,651
50$30,907,757$17,860,182$15,126,042$24,980,931
51$34,019,309$18,694,292$15,591,724$26,928,454
52$37,446,946$19,567,980$16,071,715$29,051,679
53$41,222,869$20,483,145$16,566,452$31,367,605
54$45,382,560$21,441,778$17,076,386$33,894,926
55$49,965,121$22,445,965$17,601,985$36,654,200
56$55,013,640$23,497,894$18,143,728$39,668,041
57$60,575,598$24,599,858$18,702,110$42,961,325
58$66,703,319$25,754,261$19,277,641$46,561,419
59$73,454,461$26,963,623$19,870,845$50,498,433
60$80,892,563$28,230,587$20,482,265$54,805,498
61$89,087,642$29,557,924$21,112,459$59,519,071
62$98,116,857$30,948,537$21,762,001$64,679,272
63$108,065,233$32,405,472$22,431,485$70,330,257
64$119,026,468$33,931,921$23,121,521$76,520,624
65$131,103,814$35,531,232$23,832,738$83,303,867
66$144,411,054$37,206,913$24,565,786$90,738,870
67$159,073,573$38,962,644$25,321,332$98,890,453
68$175,229,547$40,802,282$26,100,065$107,829,979
69$193,031,239$42,729,873$26,902,696$117,636,011
70$212,646,445$44,749,656$27,729,956$128,395,052
71$234,260,071$46,866,078$28,582,598$140,202,342
72$258,075,884$49,083,801$29,461,401$153,162,753
73$284,318,430$51,407,713$30,367,163$167,391,763
74$313,235,158$53,842,939$31,300,711$183,016,536
75$345,098,754$56,394,853$32,262,895$200,177,110
76$380,209,715$59,069,089$33,254,591$219,027,703
77$418,899,188$61,871,556$34,276,701$239,738,157
78$461,532,091$64,808,449$35,330,157$262,495,527
79$508,510,564$67,886,262$36,415,917$287,505,831
80$560,277,760$71,111,808$37,534,969$314,995,980
81$617,322,033$74,492,228$38,688,331$345,215,900
82$680,181,543$78,035,010$39,877,054$378,440,878
83$749,449,343$81,748,008$41,102,217$414,974,141
84$825,778,970$85,639,455$42,364,936$455,149,698
85$909,890,622$89,717,985$43,666,358$499,335,478
86$1,002,577,952$93,992,652$45,007,667$547,936,775
87$1,104,715,562$98,472,951$46,390,083$601,400,059
88$1,217,267,259$103,168,836$47,814,861$660,217,167
89$1,341,295,157$108,090,747$49,283,296$724,929,919
90$1,477,969,700$113,249,630$50,796,724$796,135,209
91$1,628,580,713$118,656,965$52,356,517$874,490,619
92$1,794,549,580$124,324,790$53,964,095$960,720,593
93$1,977,442,660$130,265,728$55,620,915$1,055,623,249
94$2,178,986,079$136,493,017$57,328,483$1,160,077,889
95$2,401,082,021$143,020,536$59,088,349$1,275,053,260
96$2,645,826,689$149,862,844$60,902,111$1,401,616,677
97$2,915,530,093$157,035,206$62,771,414$1,540,944,055
98$3,212,737,861$164,553,629$64,697,954$1,694,330,982
99$3,540,255,268$172,434,902$66,683,481$1,863,204,910
100$3,901,173,722$180,696,629$68,729,794$2,049,138,589