Can I retire at age 40 with 12,100,000?

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$999,207$990,306$981,623$973,147$964,871$952,025
2 years$494,657$485,444$476,516$467,859$459,462$446,541
3 years$326,495$317,243$308,337$299,762$291,502$278,906
4 years$242,431$233,207$224,391$215,962$207,902$195,729
5 years$192,006$182,837$174,136$165,879$158,043$146,329
6 years$158,400$149,300$140,728$132,655$125,054$113,813
7 years$134,405$125,382$116,946$109,063$101,703$90,938
8 years$116,417$107,476$99,179$91,490$84,372$74,082
9 years$102,434$93,577$85,423$77,929$71,054$61,234
10 years$91,254$82,484$74,474$67,176$60,541$51,186
11 years$82,113$73,430$65,565$58,463$52,067$43,167
12 years$74,500$65,907$58,188$51,280$45,121$36,665
13 years$68,064$59,561$51,987$45,273$39,346$31,324
14 years$62,552$54,139$46,710$40,188$34,490$26,889
15 years$57,780$49,457$42,173$35,841$30,368$23,176
16 years$53,608$45,376$38,236$32,091$26,839$20,042
17 years$49,930$41,789$34,793$28,834$23,798$17,382
18 years$46,665$38,615$31,762$25,985$21,160$15,111
19 years$43,747$35,788$29,077$23,480$18,860$13,165
20 years$41,124$33,256$26,685$21,265$16,846$11,489
21 years$38,754$30,977$24,545$19,300$15,076$10,042
22 years$36,602$28,916$22,622$17,548$13,513$8,789
23 years$34,641$27,044$20,887$15,981$12,130$7,702
24 years$32,845$25,339$19,317$14,576$10,903$6,755
25 years$31,196$23,779$17,892$13,311$9,811$5,930
26 years$29,676$22,349$16,594$12,171$8,837$5,210
27 years$28,271$21,033$15,409$11,141$7,968$4,581
28 years$26,968$19,819$14,324$10,207$7,189$4,029
29 years$25,758$18,697$13,330$9,360$6,492$3,546
30 years$24,630$17,657$12,416$8,590$5,866$3,122
31 years$23,578$16,692$11,576$7,890$5,303$2,750
32 years$22,593$15,794$10,800$7,251$4,797$2,423
33 years$21,669$14,957$10,084$6,668$4,341$2,136
34 years$20,802$14,176$9,422$6,135$3,931$1,883
35 years$19,986$13,446$8,809$5,647$3,560$1,661
36 years$19,218$12,762$8,241$5,201$3,226$1,465
37 years$18,492$12,121$7,713$4,792$2,924$1,292
38 years$17,806$11,519$7,223$4,417$2,650$1,140
39 years$17,158$10,954$6,767$4,073$2,403$1,006
40 years$16,543$10,421$6,343$3,757$2,180$888
41 years$15,959$9,920$5,948$3,466$1,978$784
42 years$15,405$9,448$5,579$3,199$1,795$692
43 years$14,878$9,002$5,235$2,953$1,629$611
44 years$14,377$8,581$4,914$2,726$1,478$539
45 years$13,899$8,182$4,614$2,518$1,342$476
46 years$13,443$7,806$4,334$2,326$1,219$420
47 years$13,008$7,449$4,071$2,149$1,107$371
48 years$12,592$7,111$3,826$1,985$1,005$328
49 years$12,194$6,791$3,596$1,835$913$290
50 years$11,814$6,487$3,381$1,696$829$256

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $12,100,000, adding $4,087 every year, while hoping to spend $29,221 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: 26/45/29 Blend
39$12,100,000$12,100,000$12,100,000$12,100,000
40$13,338,416$12,697,116$12,509,566$13,564,455
41$14,667,843$13,288,183$12,897,545$14,342,717
42$16,131,893$13,907,234$13,297,543$15,174,362
43$17,744,266$14,555,608$13,709,930$16,066,062
44$19,520,058$15,234,710$14,135,090$17,022,919
45$21,475,907$15,946,014$14,573,418$18,050,516
46$23,630,143$16,691,062$15,025,322$19,154,955
47$26,002,968$17,471,475$15,491,220$20,342,914
48$28,616,641$18,288,948$15,971,547$21,621,701
49$31,495,692$19,145,260$16,466,747$22,999,319
50$34,667,152$20,042,276$16,977,282$24,484,530
51$38,160,805$20,981,952$17,503,625$26,086,934
52$42,009,475$21,966,336$18,046,264$27,817,049
53$46,249,333$22,997,577$18,605,705$29,686,403
54$50,920,235$24,077,928$19,182,466$31,707,636
55$56,066,103$25,209,751$19,777,083$33,894,609
56$61,735,338$26,395,521$20,390,108$36,262,521
57$67,981,275$27,637,834$21,022,109$38,828,053
58$74,862,689$28,939,413$21,673,674$41,609,503
59$82,444,349$30,303,109$22,345,407$44,626,958
60$90,797,626$31,731,915$23,037,932$47,902,466
61$100,001,171$33,228,966$23,751,891$51,460,237
62$110,141,658$34,797,553$24,487,946$55,326,853
63$121,314,595$36,441,121$25,246,780$59,531,513
64$133,625,235$38,163,287$26,029,098$64,106,291
65$147,189,561$39,967,840$26,835,625$69,086,426
66$162,135,387$41,858,755$27,667,110$74,510,639
67$178,603,560$43,840,198$28,524,322$80,421,483
68$196,749,294$45,916,538$29,408,057$86,865,732
69$216,743,630$48,092,356$30,319,135$93,894,800
70$238,775,054$50,372,456$31,258,400$101,565,212
71$263,051,276$52,761,873$32,226,723$109,939,121
72$289,801,190$55,265,888$33,225,001$119,084,870
73$319,277,033$57,890,038$34,254,161$129,077,623
74$351,756,770$60,640,130$35,315,155$140,000,047
75$387,546,715$63,522,250$36,408,967$151,943,078
76$426,984,423$66,542,784$37,536,610$165,006,748
77$470,441,877$69,708,423$38,699,130$179,301,112
78$518,329,001$73,026,188$39,897,603$194,947,256
79$571,097,526$76,503,438$41,133,139$212,078,418
80$629,245,257$80,147,891$42,406,883$230,841,216
81$693,320,775$83,967,639$43,720,015$251,397,002
82$763,928,609$87,971,168$45,073,751$273,923,357
83$841,734,950$92,167,378$46,469,344$298,615,734
84$927,473,934$96,565,599$47,908,087$325,689,271
85$1,021,954,578$101,175,616$49,391,310$355,380,785
86$1,126,068,415$106,007,691$50,920,389$387,950,974
87$1,240,797,909$111,072,583$52,496,737$423,686,836
88$1,367,225,732$116,381,576$54,121,815$462,904,344
89$1,506,544,986$121,946,503$55,797,125$505,951,381
90$1,660,070,464$127,779,771$57,524,218$553,210,984
91$1,829,251,064$133,894,393$59,304,692$605,104,913
92$2,015,683,469$140,304,014$61,140,195$662,097,584
93$2,221,127,215$147,022,943$63,032,424$724,700,404
94$2,447,521,311$154,066,187$64,983,130$793,476,545
95$2,697,002,536$161,449,482$66,994,117$869,046,209
96$2,971,925,620$169,189,332$69,067,245$952,092,419
97$3,274,885,465$177,303,042$71,204,430$1,043,367,411
98$3,608,741,654$185,808,761$73,407,649$1,143,699,673
99$3,976,645,436$194,725,524$75,678,939$1,254,001,697
100$4,382,069,486$204,073,291$78,020,399$1,375,278,525