Can I retire at age 40 with 12,900,000?

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 $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,014,129
2 years$527,361$517,540$508,021$498,792$489,840$475,225
3 years$348,082$338,218$328,723$319,581$310,775$296,533
4 years$258,460$248,626$239,226$230,240$221,647$207,889
5 years$204,701$194,926$185,649$176,846$168,493$155,258
6 years$168,873$159,172$150,032$141,425$133,322$120,626
7 years$143,292$133,672$124,678$116,274$108,427$96,274
8 years$124,114$114,582$105,736$97,539$89,951$78,340
9 years$109,207$99,764$91,071$83,082$75,751$64,677
10 years$97,287$87,937$79,398$71,617$64,544$53,997
11 years$87,542$78,285$69,900$62,328$55,510$45,481
12 years$79,426$70,265$62,035$54,670$48,104$38,581
13 years$72,564$63,499$55,424$48,266$41,947$32,918
14 years$66,688$57,718$49,799$42,845$36,771$28,220
15 years$61,600$52,727$44,962$38,210$32,376$24,290
16 years$57,152$48,376$40,764$34,213$28,614$20,976
17 years$53,231$44,552$37,094$30,740$25,371$18,166
18 years$49,750$41,168$33,862$27,703$22,559$15,771
19 years$46,639$38,154$30,999$25,032$20,107$13,719
20 years$43,843$35,455$28,449$22,671$17,960$11,955
21 years$41,316$33,025$26,168$20,576$16,072$10,434
22 years$39,022$30,828$24,118$18,708$14,407$9,118
23 years$36,931$28,832$22,268$17,038$12,932$7,978
24 years$35,017$27,014$20,595$15,539$11,624$6,986
25 years$33,258$25,351$19,075$14,192$10,460$6,124
26 years$31,638$23,826$17,691$12,976$9,422$5,371
27 years$30,140$22,423$16,427$11,877$8,494$4,715
28 years$28,751$21,129$15,271$10,882$7,665$4,141
29 years$27,461$19,933$14,211$9,979$6,921$3,638
30 years$26,259$18,825$13,237$9,158$6,254$3,198
31 years$25,136$17,796$12,341$8,411$5,654$2,812
32 years$24,086$16,838$11,514$7,730$5,114$2,474
33 years$23,102$15,946$10,751$7,108$4,628$2,177
34 years$22,178$15,113$10,045$6,540$4,190$1,916
35 years$21,308$14,335$9,391$6,021$3,795$1,687
36 years$20,488$13,606$8,785$5,545$3,439$1,485
37 years$19,715$12,922$8,223$5,109$3,117$1,308
38 years$18,984$12,281$7,700$4,709$2,826$1,152
39 years$18,292$11,678$7,214$4,342$2,562$1,015
40 years$17,636$11,111$6,762$4,005$2,324$894
41 years$17,014$10,576$6,341$3,695$2,109$788
42 years$16,424$10,072$5,948$3,410$1,913$694
43 years$15,862$9,597$5,581$3,148$1,736$612
44 years$15,327$9,148$5,239$2,907$1,576$539
45 years$14,817$8,723$4,919$2,684$1,431$475
46 years$14,332$8,322$4,620$2,479$1,299$419
47 years$13,868$7,941$4,341$2,291$1,180$369
48 years$13,424$7,581$4,079$2,117$1,071$326
49 years$13,001$7,240$3,834$1,956$973$287
50 years$12,595$6,916$3,605$1,808$884$253

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $12,900,000, adding $4,856 every year, while hoping to spend $36,660 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: 67/22/11 Blend
39$12,900,000$12,900,000$12,900,000$12,900,000
40$14,220,809$13,537,109$13,337,159$15,139,706
41$15,632,326$14,161,421$13,744,948$16,375,968
42$17,186,588$14,815,096$14,165,169$17,722,272
43$18,898,118$15,499,534$14,598,200$19,193,252
44$20,782,917$16,216,202$15,044,430$20,801,105
45$22,858,616$16,966,638$15,504,261$22,559,250
46$25,144,646$17,752,454$15,978,105$24,482,452
47$27,662,417$18,575,341$16,466,388$26,586,958
48$30,435,520$19,437,069$16,969,548$28,890,645
49$33,489,953$20,339,495$17,488,038$31,413,187
50$36,854,363$21,284,566$18,022,322$34,176,240
51$40,560,319$22,274,320$18,572,881$37,203,636
52$44,642,606$23,310,897$19,140,208$40,521,609
53$49,139,559$24,396,538$19,724,812$44,159,037
54$54,093,419$25,533,593$20,327,218$48,147,711
55$59,550,733$26,724,525$20,947,965$52,522,630
56$65,562,797$27,971,916$21,587,611$57,322,325
57$72,186,135$29,278,472$22,246,728$62,589,221
58$79,483,035$30,647,031$22,925,908$68,370,030
59$87,522,137$32,080,568$23,625,758$74,716,187
60$96,379,080$33,582,201$24,346,906$81,684,331
61$106,137,217$35,155,200$25,089,998$89,336,832
62$116,888,398$36,802,990$25,855,699$97,742,374
63$128,733,844$38,529,166$26,644,693$106,976,599
64$141,785,094$40,337,493$27,457,689$117,122,812
65$156,165,064$42,231,921$28,295,412$128,272,759
66$172,009,205$44,216,589$29,158,613$140,527,491
67$189,466,780$46,295,838$30,048,062$153,998,304
68$208,702,276$48,474,218$30,964,557$168,807,787
69$229,896,954$50,756,501$31,908,915$185,090,965
70$253,250,561$53,147,687$32,881,982$202,996,570
71$278,983,216$55,653,021$33,884,625$222,688,435
72$307,337,486$58,278,001$34,917,742$244,347,027
73$338,580,678$61,028,391$35,982,255$268,171,146
74$373,007,360$63,910,236$37,079,114$294,379,786
75$410,942,146$66,929,872$38,209,299$323,214,195
76$452,742,752$70,093,943$39,373,818$354,940,139
77$498,803,382$73,409,416$40,573,710$389,850,401
78$549,558,444$76,883,594$41,810,046$428,267,528
79$605,486,651$80,524,136$43,083,928$470,546,866
80$667,115,542$84,339,072$44,396,493$517,079,903
81$735,026,463$88,336,821$45,748,911$568,297,942
82$809,860,048$92,526,212$47,142,385$624,676,169
83$892,322,277$96,916,501$48,578,160$686,738,111
84$983,191,134$101,517,394$50,057,512$755,060,571
85$1,083,323,951$106,339,068$51,581,761$830,279,051
86$1,193,665,507$111,392,194$53,152,262$913,093,737
87$1,315,256,940$116,687,963$54,770,415$1,004,276,083
88$1,449,245,582$122,238,108$56,437,658$1,104,676,084
89$1,596,895,788$128,054,931$58,155,475$1,215,230,271
90$1,759,600,870$134,151,335$59,925,395$1,336,970,533
91$1,938,896,254$140,540,845$61,748,992$1,471,033,839
92$2,136,473,974$147,237,649$63,627,885$1,618,672,943
93$2,354,198,646$154,256,621$65,563,746$1,781,268,189
94$2,594,125,072$161,613,359$67,558,295$1,960,340,514
95$2,858,517,634$169,324,219$69,613,303$2,157,565,781
96$3,149,871,680$177,406,353$71,730,596$2,374,790,570
97$3,470,937,074$185,877,746$73,912,054$2,614,049,580
98$3,824,744,161$194,757,261$76,159,612$2,877,584,810
99$4,214,632,372$204,064,674$78,475,266$3,167,866,688
100$4,644,281,757$213,820,726$80,861,071$3,487,617,362