Can I retire at age 40 with 12,000,000?

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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$990,949$982,122$973,510$965,105$956,897$942,597
2 years$490,569$481,432$472,578$463,993$455,665$441,291
3 years$323,797$314,621$305,789$297,285$289,093$275,091
4 years$240,428$231,280$222,536$214,177$206,183$192,662
5 years$190,419$181,326$172,697$164,508$156,737$143,735
6 years$157,091$148,067$139,565$131,559$124,021$111,553
7 years$133,294$124,346$115,979$108,162$100,862$88,933
8 years$115,455$106,588$98,360$90,734$83,675$72,283
9 years$101,588$92,804$84,717$77,285$70,466$59,606
10 years$90,500$81,802$73,858$66,621$60,041$49,703
11 years$81,434$72,823$65,024$57,980$51,637$41,812
12 years$73,885$65,362$57,707$50,856$44,748$35,423
13 years$67,502$59,068$51,557$44,898$39,021$30,184
14 years$62,035$53,692$46,324$39,856$34,205$25,842
15 years$57,302$49,048$41,825$35,544$30,117$22,212
16 years$53,165$45,001$37,920$31,826$26,618$19,155
17 years$49,518$41,444$34,506$28,595$23,601$16,566
18 years$46,279$38,296$31,499$25,770$20,985$14,360
19 years$43,385$35,493$28,836$23,286$18,704$12,474
20 years$40,784$32,981$26,464$21,090$16,707$10,854
21 years$38,434$30,721$24,342$19,140$14,951$9,459
22 years$36,300$28,677$22,435$17,403$13,401$8,254
23 years$34,354$26,821$20,715$15,849$12,030$7,210
24 years$32,574$25,129$19,158$14,455$10,813$6,304
25 years$30,938$23,583$17,744$13,201$9,730$5,517
26 years$29,430$22,164$16,457$12,071$8,764$4,832
27 years$28,037$20,859$15,281$11,049$7,902$4,234
28 years$26,745$19,655$14,206$10,123$7,130$3,713
29 years$25,545$18,542$13,220$9,283$6,438$3,257
30 years$24,427$17,511$12,314$8,519$5,817$2,858
31 years$23,383$16,554$11,480$7,824$5,259$2,509
32 years$22,406$15,663$10,711$7,191$4,757$2,204
33 years$21,490$14,834$10,001$6,613$4,305$1,936
34 years$20,630$14,059$9,344$6,084$3,898$1,701
35 years$19,821$13,335$8,736$5,601$3,531$1,495
36 years$19,059$12,656$8,172$5,158$3,199$1,314
37 years$18,339$12,021$7,649$4,753$2,899$1,155
38 years$17,659$11,424$7,163$4,381$2,629$1,016
39 years$17,016$10,863$6,711$4,039$2,384$894
40 years$16,406$10,335$6,290$3,725$2,162$786
41 years$15,827$9,838$5,898$3,437$1,961$691
42 years$15,278$9,370$5,533$3,172$1,780$608
43 years$14,755$8,927$5,192$2,928$1,615$535
44 years$14,258$8,510$4,873$2,704$1,466$471
45 years$13,784$8,115$4,576$2,497$1,331$414
46 years$13,332$7,741$4,298$2,307$1,209$364
47 years$12,900$7,387$4,038$2,131$1,097$321
48 years$12,488$7,052$3,794$1,969$997$282
49 years$12,094$6,735$3,567$1,820$905$248
50 years$11,716$6,433$3,353$1,682$822$219

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $12,000,000, adding $5,228 every year, while hoping to spend $29,386 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: 61/29/10 Blend
39$12,000,000$12,000,000$12,000,000$12,000,000
40$13,229,393$12,593,393$12,407,393$14,005,972
41$14,547,524$13,179,202$12,791,774$15,112,906
42$15,999,120$13,792,732$13,188,047$16,316,373
43$17,597,763$14,435,309$13,596,579$17,628,794
44$19,358,420$15,108,323$14,017,749$19,060,692
45$21,297,583$15,813,235$14,451,948$20,623,638
46$23,433,425$16,551,573$14,899,577$22,330,355
47$25,785,973$17,324,938$15,361,052$24,194,836
48$28,377,295$18,135,013$15,836,799$26,232,470
49$31,231,708$18,983,557$16,327,261$28,460,186
50$34,376,008$19,872,418$16,832,891$30,896,606
51$37,839,726$20,803,531$17,354,157$33,562,216
52$41,655,399$21,778,926$17,891,543$36,479,559
53$45,858,886$22,800,729$18,445,546$39,673,437
54$50,489,700$23,871,172$19,016,679$43,171,142
55$55,591,382$24,992,593$19,605,470$47,002,712
56$61,211,916$26,167,443$20,212,467$51,201,203
57$67,404,176$27,398,292$20,838,229$55,802,998
58$74,226,429$28,687,835$21,483,336$60,848,145
59$81,742,883$30,038,897$22,148,386$66,380,729
60$90,024,294$31,454,440$22,833,994$72,449,276
61$99,148,634$32,937,569$23,540,794$79,107,212
62$109,201,824$34,491,540$24,269,441$86,413,353
63$120,278,552$36,119,767$25,020,609$94,432,457
64$132,483,156$37,825,828$25,794,992$103,235,825
65$145,930,621$39,613,476$26,593,306$112,901,967
66$160,747,654$41,486,646$27,416,292$123,517,330
67$177,073,885$43,449,462$28,264,708$135,177,113
68$195,063,186$45,506,251$29,139,341$147,986,146
69$214,885,121$47,661,547$30,040,998$162,059,877
70$236,726,546$49,920,105$30,970,514$177,525,448
71$260,793,375$52,286,911$31,928,748$194,522,885
72$287,312,523$54,767,194$32,916,585$213,206,406
73$316,534,049$57,366,435$33,934,939$233,745,867
74$348,733,513$60,090,381$34,984,750$256,328,352
75$384,214,582$62,945,060$36,066,990$281,159,926
76$423,311,892$65,936,792$37,182,657$308,467,565
77$466,394,212$69,072,201$38,332,783$338,501,283
78$513,867,921$72,358,238$39,518,430$371,536,482
79$566,180,845$75,802,188$40,740,694$407,876,528
80$623,826,487$79,411,691$42,000,703$447,855,606
81$687,348,683$83,194,758$43,299,621$491,841,850
82$757,346,738$87,159,791$44,638,647$540,240,804
83$834,481,081$91,315,597$46,019,019$593,499,232
84$919,479,505$95,671,414$47,442,009$652,109,311
85$1,013,144,030$100,236,929$48,908,932$716,613,258
86$1,116,358,482$105,022,300$50,421,142$787,608,429
87$1,230,096,832$110,038,177$51,980,034$865,752,931
88$1,355,432,391$115,295,730$53,587,048$951,771,813
89$1,493,547,946$120,806,672$55,243,666$1,046,463,884
90$1,645,746,924$126,583,286$56,951,416$1,150,709,229
91$1,813,465,695$132,638,452$58,711,873$1,265,477,486
92$1,998,287,138$138,985,678$60,526,663$1,391,836,975
93$2,201,955,578$145,639,128$62,397,458$1,530,964,749
94$2,426,393,258$152,613,657$64,325,984$1,684,157,675
95$2,673,718,486$159,924,841$66,314,020$1,852,844,644
96$2,946,265,629$167,589,016$68,363,397$2,038,600,027
97$3,246,607,159$175,623,314$70,476,007$2,243,158,494
98$3,577,577,931$184,045,699$72,653,795$2,468,431,361
99$3,942,301,953$192,875,011$74,898,770$2,716,524,586
100$4,344,221,874$202,131,008$77,213,001$2,989,758,613