Can I retire at age 40 with 12,700,000?

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$1,005,070
2 years$519,185$509,516$500,145$491,059$482,246$474,537
3 years$342,685$332,974$323,627$314,626$305,956$298,424
4 years$254,453$244,771$235,517$226,670$218,211$210,913
5 years$201,527$191,904$182,771$174,105$165,880$158,838
6 years$166,255$156,704$147,706$139,233$131,255$124,478
7 years$141,070$131,600$122,745$114,471$106,746$100,236
8 years$122,190$112,805$104,097$96,027$88,556$82,313
9 years$107,513$98,217$89,659$81,794$74,577$68,600
10 years$95,779$86,574$78,167$70,507$63,543$57,829
11 years$86,184$77,071$68,817$61,362$54,649$49,194
12 years$78,195$69,175$61,073$53,823$47,358$42,156
13 years$71,439$62,514$54,565$47,517$41,297$36,343
14 years$65,654$56,824$49,027$42,181$36,201$31,489
15 years$60,645$51,909$44,264$37,618$31,874$27,398
16 years$56,266$47,626$40,132$33,683$28,170$23,923
17 years$52,406$43,862$36,519$30,264$24,978$20,952
18 years$48,979$40,530$33,337$27,274$22,209$18,397
19 years$45,916$37,563$30,518$24,644$19,795$16,190
20 years$43,163$34,905$28,008$22,320$17,682$14,276
21 years$40,676$32,513$25,762$20,257$15,823$12,609
22 years$38,417$30,350$23,744$18,418$14,183$11,153
23 years$36,358$28,385$21,923$16,774$12,732$9,878
24 years$34,474$26,595$20,275$15,299$11,443$8,758
25 years$32,743$24,958$18,779$13,972$10,297$7,773
26 years$31,147$23,457$17,417$12,775$9,276$6,905
27 years$29,672$22,076$16,173$11,693$8,363$6,139
28 years$28,306$20,802$15,035$10,713$7,546$5,461
29 years$27,035$19,624$13,991$9,824$6,814$4,861
30 years$25,852$18,533$13,032$9,016$6,157$4,329
31 years$24,747$17,520$12,150$8,281$5,566$3,857
32 years$23,713$16,577$11,336$7,610$5,035$3,438
33 years$22,744$15,699$10,584$6,998$4,557$3,066
34 years$21,834$14,879$9,889$6,439$4,126$2,735
35 years$20,977$14,112$9,246$5,927$3,737$2,440
36 years$20,171$13,395$8,649$5,459$3,386$2,178
37 years$19,409$12,722$8,095$5,030$3,068$1,944
38 years$18,689$12,090$7,581$4,636$2,782$1,736
39 years$18,008$11,497$7,103$4,275$2,523$1,551
40 years$17,363$10,938$6,657$3,943$2,288$1,385
41 years$16,751$10,412$6,242$3,638$2,076$1,237
42 years$16,169$9,916$5,856$3,357$1,884$1,105
43 years$15,616$9,448$5,495$3,099$1,710$988
44 years$15,089$9,006$5,158$2,861$1,552$883
45 years$14,588$8,588$4,843$2,643$1,409$789
46 years$14,109$8,193$4,549$2,441$1,279$705
47 years$13,653$7,818$4,273$2,255$1,161$630
48 years$13,216$7,464$4,016$2,084$1,055$564
49 years$12,799$7,127$3,775$1,926$958$504
50 years$12,400$6,808$3,549$1,780$870$450

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $12,700,000, adding $4,328 every year, while hoping to spend $41,542 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: 57/35/8 Blend
39$12,700,000$12,700,000$12,700,000$12,700,000
40$13,999,864$13,326,764$13,129,914$14,772,030
41$15,383,650$13,935,575$13,525,566$15,901,273
42$16,907,190$14,572,826$13,933,080$17,126,037
43$18,584,694$15,239,866$14,352,809$18,459,464
44$20,431,823$15,938,109$14,785,118$19,911,938
45$22,465,830$16,669,038$15,230,381$21,494,873
46$24,705,731$17,434,206$15,688,984$23,220,816
47$27,172,475$18,235,242$16,161,325$25,103,557
48$29,889,150$19,073,851$16,647,812$27,158,258
49$32,881,196$19,951,822$17,148,866$29,401,591
50$36,176,646$20,871,030$17,664,922$31,851,889
51$39,806,391$21,833,438$18,196,424$34,529,313
52$43,804,472$22,841,106$18,743,833$37,456,041
53$48,208,399$23,896,190$19,307,622$40,656,465
54$53,059,506$25,000,954$19,888,278$44,157,419
55$58,403,343$26,157,768$20,486,303$47,988,428
56$64,290,102$27,369,116$21,102,211$52,181,974
57$70,775,092$28,637,603$21,736,536$56,773,800
58$77,919,265$29,965,960$22,389,823$61,803,239
59$85,789,785$31,357,046$23,062,637$67,313,577
60$94,460,665$32,813,863$23,755,557$73,352,454
61$104,013,464$34,339,554$24,469,180$79,972,305
62$114,538,060$35,937,415$25,204,120$87,230,846
63$126,133,495$37,610,900$25,961,010$95,191,610
64$138,908,909$39,363,632$26,740,502$103,924,537
65$152,984,573$41,199,406$27,543,265$113,506,624
66$168,493,025$43,122,202$28,369,989$124,022,639
67$185,580,316$45,136,192$29,221,386$135,565,916
68$204,407,392$47,245,750$30,098,186$148,239,216
69$225,151,613$49,455,458$31,001,142$162,155,693
70$248,008,426$51,770,125$31,931,030$177,439,943
71$273,193,212$54,194,787$32,888,646$194,229,172
72$300,943,316$56,734,728$33,874,812$212,674,473
73$331,520,289$59,395,485$34,890,372$232,942,240
74$365,212,357$62,182,862$35,936,198$255,215,723
75$402,337,141$65,102,946$37,013,185$279,696,741
76$443,244,657$68,162,118$38,122,254$306,607,573
77$488,320,617$71,367,066$39,264,354$336,193,033
78$537,990,072$74,724,805$40,440,463$368,722,771
79$592,721,426$78,242,687$41,651,584$404,493,791
80$653,030,853$81,928,420$42,898,754$443,833,240
81$719,487,175$85,790,087$44,183,037$487,101,474
82$792,717,228$89,836,162$45,505,530$534,695,435
83$873,411,780$94,075,529$46,867,360$587,052,378
84$962,332,054$98,517,503$48,269,690$644,653,974
85$1,060,316,914$103,171,851$49,713,714$708,030,831
86$1,168,290,779$108,048,811$51,200,663$777,767,476
87$1,287,272,356$113,159,121$52,731,804$854,507,848
88$1,418,384,256$118,514,038$54,308,439$938,961,343
89$1,562,863,589$124,125,364$55,931,910$1,031,909,484
90$1,722,073,644$130,005,476$57,603,598$1,134,213,267
91$1,897,516,761$136,167,349$59,324,923$1,246,821,254
92$2,090,848,511$142,624,590$61,097,349$1,370,778,491
93$2,303,893,328$149,391,464$62,922,379$1,507,236,342
94$2,538,661,732$156,482,931$64,801,564$1,657,463,315
95$2,797,369,309$163,914,674$66,736,496$1,822,856,999
96$3,082,457,627$171,703,142$68,728,818$2,004,957,215
97$3,396,617,289$179,865,579$70,780,216$2,205,460,511
98$3,742,813,328$188,420,069$72,892,429$2,426,236,127
99$4,124,313,208$197,385,572$75,067,246$2,669,343,595
100$4,544,717,662$206,781,972$77,306,506$2,937,052,135