Can I retire at age 40 with 12,800,000?

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$996,015
2 years$523,273$513,528$504,083$494,925$486,043$461,332
3 years$345,384$335,596$326,175$317,104$308,366$284,390
4 years$256,456$246,699$237,372$228,455$219,929$196,874
5 years$203,114$193,415$184,210$175,476$167,186$145,117
6 years$167,564$157,938$148,869$140,329$132,289$111,226
7 years$142,181$132,636$123,711$115,372$107,586$87,534
8 years$123,152$113,693$104,917$96,783$89,253$70,202
9 years$108,360$98,991$90,365$82,438$75,164$57,099
10 years$96,533$87,255$78,782$71,062$64,044$46,944
11 years$86,863$77,678$69,359$61,845$55,080$38,921
12 years$78,810$69,720$61,554$54,247$47,731$32,486
13 years$72,002$63,006$54,994$47,892$41,622$27,262
14 years$66,171$57,271$49,413$42,513$36,486$22,979
15 years$61,122$52,318$44,613$37,914$32,125$19,440
16 years$56,709$48,001$40,448$33,948$28,392$16,495
17 years$52,819$44,207$36,806$30,502$25,174$14,032
18 years$49,365$40,849$33,599$27,488$22,384$11,961
19 years$46,278$37,859$30,759$24,838$19,951$10,215
20 years$43,503$35,180$28,229$22,496$17,821$8,736
21 years$40,996$32,769$25,965$20,416$15,948$7,481
22 years$38,720$30,589$23,931$18,563$14,295$6,413
23 years$36,645$28,609$22,096$16,906$12,832$5,503
24 years$34,745$26,805$20,435$15,419$11,534$4,725
25 years$33,000$25,155$18,927$14,082$10,378$4,060
26 years$31,392$23,642$17,554$12,875$9,349$3,491
27 years$29,906$22,249$16,300$11,785$8,428$3,003
28 years$28,528$20,966$15,153$10,798$7,605$2,584
29 years$27,248$19,779$14,101$9,902$6,867$2,225
30 years$26,055$18,679$13,135$9,087$6,205$1,916
31 years$24,942$17,658$12,245$8,346$5,610$1,650
32 years$23,900$16,708$11,425$7,670$5,075$1,422
33 years$22,923$15,822$10,668$7,053$4,592$1,225
34 years$22,006$14,996$9,967$6,490$4,158$1,056
35 years$21,143$14,224$9,319$5,974$3,766$910
36 years$20,329$13,500$8,717$5,502$3,412$785
37 years$19,562$12,822$8,159$5,069$3,093$677
38 years$18,837$12,186$7,641$4,673$2,804$584
39 years$18,150$11,587$7,159$4,308$2,543$503
40 years$17,500$11,024$6,710$3,974$2,306$434
41 years$16,882$10,494$6,292$3,666$2,092$374
42 years$16,296$9,994$5,902$3,384$1,898$323
43 years$15,739$9,523$5,538$3,123$1,723$279
44 years$15,208$9,077$5,198$2,884$1,564$240
45 years$14,703$8,656$4,881$2,663$1,420$207
46 years$14,220$8,257$4,584$2,460$1,289$179
47 years$13,760$7,880$4,307$2,273$1,171$154
48 years$13,320$7,522$4,047$2,100$1,063$133
49 years$12,900$7,184$3,804$1,941$965$115
50 years$12,497$6,862$3,577$1,794$877$99

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $12,800,000, adding $5,432 every year, while hoping to spend $34,189 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: 37/40/23 Blend
39$12,800,000$12,800,000$12,800,000$12,800,000
40$14,111,203$13,432,803$13,234,403$14,535,625
41$15,514,169$14,054,634$13,641,379$15,468,062
42$17,059,092$14,705,788$14,060,842$16,470,996
43$18,760,414$15,387,667$14,493,176$17,553,654
44$20,634,053$16,101,739$14,938,773$18,723,236
45$22,697,544$16,849,542$15,398,041$19,987,635
46$24,970,215$17,632,691$15,871,396$21,355,506
47$27,473,361$18,452,876$16,359,271$22,836,346
48$30,230,446$19,311,870$16,862,110$24,440,571
49$33,267,331$20,211,531$17,380,370$26,179,614
50$36,612,510$21,153,807$17,914,523$28,066,022
51$40,297,382$22,140,740$18,465,056$30,113,571
52$44,356,548$23,174,469$19,032,469$32,337,387
53$48,828,138$24,257,240$19,617,278$34,754,081
54$53,754,167$25,391,404$20,220,016$37,381,897
55$59,180,936$26,579,427$20,841,231$40,240,880
56$65,159,467$27,823,894$21,481,487$43,353,052
57$71,745,983$29,127,516$22,141,368$46,742,613
58$79,002,442$30,493,133$22,821,472$50,436,161
59$86,997,118$31,923,723$23,522,419$54,462,931
60$95,805,249$33,422,411$24,244,845$58,855,062
61$105,509,744$34,992,468$24,989,406$63,647,889
62$116,201,966$36,637,327$25,756,779$68,880,266
63$127,982,597$38,360,587$26,547,662$74,594,920
64$140,962,586$40,166,019$27,362,772$80,838,843
65$155,264,194$42,057,579$28,202,850$87,663,722
66$171,022,155$44,039,413$29,068,659$95,126,415
67$188,384,940$46,115,870$29,960,984$103,289,469
68$207,516,162$48,291,506$30,880,635$112,221,704
69$228,596,122$50,571,101$31,828,447$121,998,836
70$251,823,507$52,959,665$32,805,281$132,704,188
71$277,417,268$55,462,452$33,812,022$144,429,448
72$305,618,688$58,084,971$34,849,583$157,275,526
73$336,693,655$60,832,996$35,918,905$171,353,483
74$370,935,178$63,712,582$37,020,958$186,785,560
75$408,666,147$66,730,080$38,156,741$203,706,317
76$450,242,386$69,892,146$39,327,284$222,263,873
77$496,056,009$73,205,760$40,533,647$242,621,291
78$546,539,121$76,678,242$41,776,924$264,958,090
79$602,167,901$80,317,265$43,058,241$289,471,913
80$663,467,093$84,130,877$44,378,758$316,380,372
81$731,014,962$88,127,515$45,739,671$345,923,075
82$805,448,751$92,316,027$47,142,213$378,363,857
83$887,470,700$96,705,689$48,587,654$413,993,243
84$977,854,672$101,306,228$50,077,301$453,131,161
85$1,077,453,462$106,127,846$51,612,504$496,129,930
86$1,187,206,842$111,181,238$53,194,650$543,377,553
87$1,308,150,441$116,477,620$54,825,172$595,301,342
88$1,441,425,515$122,028,752$56,505,544$652,371,919
89$1,588,289,724$127,846,967$58,237,286$715,107,618
90$1,750,129,004$133,945,198$60,021,964$784,079,341
91$1,928,470,654$140,337,003$61,861,191$859,915,901
92$2,124,997,749$147,036,605$63,756,629$943,309,919
93$2,341,565,036$154,058,915$65,709,992$1,035,024,312
94$2,580,216,437$161,419,569$67,723,045$1,135,899,451
95$2,843,204,352$169,134,967$69,797,605$1,246,861,043
96$3,133,010,918$177,222,302$71,935,547$1,368,928,816
97$3,452,371,446$185,699,609$74,138,801$1,503,226,090
98$3,804,300,239$194,585,795$76,409,357$1,650,990,326
99$4,192,119,057$203,900,693$78,749,264$1,813,584,746
100$4,619,488,471$213,665,097$81,160,635$1,992,511,140