Can I retire at age 40 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,127,472
2 years$600,947$589,755$578,908$568,391$558,190$513,655
3 years$396,652$385,411$374,592$364,174$354,139$311,196
4 years$294,524$283,318$272,607$262,367$252,575$211,552
5 years$233,263$222,125$211,554$201,523$192,003$153,007
6 years$192,436$181,382$170,967$161,159$151,926$114,981
7 years$163,286$152,324$142,074$132,498$123,556$88,653
8 years$141,433$130,570$120,490$111,149$102,502$69,607
9 years$124,445$113,684$103,778$94,674$86,321$55,387
10 years$110,862$100,207$90,476$81,610$73,550$44,519
11 years$99,757$89,209$79,654$71,025$63,256$36,063
12 years$90,509$80,069$70,691$62,299$54,816$29,391
13 years$82,690$72,359$63,158$55,001$47,801$24,070
14 years$75,993$65,772$56,747$48,823$41,902$19,789
15 years$70,195$60,084$51,235$43,542$36,894$16,320
16 years$65,127$55,126$46,452$38,987$32,607$13,493
17 years$60,659$50,769$42,270$35,029$28,911$11,180
18 years$56,692$46,913$38,587$31,569$25,707$9,278
19 years$53,147$43,478$35,324$28,525$22,913$7,711
20 years$49,961$40,402$32,419$25,835$20,466$6,416
21 years$47,081$37,633$29,819$23,447$18,315$5,344
22 years$44,467$35,129$27,483$21,318$16,417$4,454
23 years$42,084$32,856$25,376$19,415$14,737$3,715
24 years$39,903$30,784$23,468$17,708$13,246$3,100
25 years$37,899$28,889$21,736$16,172$11,919$2,588
26 years$36,052$27,151$20,159$14,787$10,736$2,162
27 years$34,345$25,552$18,720$13,535$9,680$1,806
28 years$32,763$24,078$17,402$12,401$8,734$1,509
29 years$31,293$22,714$16,194$11,372$7,887$1,262
30 years$29,923$21,451$15,084$10,436$7,126$1,055
31 years$28,644$20,279$14,063$9,585$6,443$882
32 years$27,447$19,188$13,121$8,809$5,828$738
33 years$26,326$18,171$12,251$8,100$5,274$617
34 years$25,272$17,222$11,447$7,453$4,775$516
35 years$24,281$16,335$10,702$6,861$4,325$432
36 years$23,347$15,504$10,011$6,319$3,919$361
37 years$22,466$14,725$9,370$5,822$3,552$302
38 years$21,633$13,994$8,775$5,366$3,220$253
39 years$20,844$13,307$8,221$4,948$2,920$211
40 years$20,097$12,661$7,706$4,564$2,648$177
41 years$19,388$12,052$7,225$4,211$2,403$148
42 years$18,715$11,478$6,778$3,886$2,180$124
43 years$18,075$10,936$6,360$3,587$1,979$104
44 years$17,466$10,424$5,970$3,312$1,796$87
45 years$16,885$9,941$5,606$3,059$1,631$73
46 years$16,331$9,483$5,265$2,825$1,480$61
47 years$15,803$9,050$4,946$2,610$1,344$51
48 years$15,298$8,639$4,648$2,412$1,221$43
49 years$14,815$8,250$4,369$2,229$1,109$36
50 years$14,352$7,881$4,107$2,060$1,007$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $14,700,000, adding $5,786 every year, while hoping to spend $26,545 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: 42/47/11 Blend
39$14,700,000$14,700,000$14,700,000$14,700,000
40$16,205,368$15,426,268$15,198,418$16,833,523
41$17,830,072$16,153,912$15,679,322$18,001,302
42$19,619,606$16,916,320$16,175,446$19,261,924
43$21,590,755$17,715,169$16,687,272$20,626,357
44$23,762,014$18,552,214$17,215,298$22,104,086
45$26,153,766$19,429,299$17,760,036$23,705,510
46$28,788,468$20,348,353$18,322,016$25,442,036
47$31,690,872$21,311,402$18,901,784$27,326,179
48$34,888,249$22,320,569$19,499,901$29,371,675
49$38,410,653$23,378,080$20,116,951$31,593,595
50$42,291,203$24,486,268$20,753,531$34,008,487
51$46,566,392$25,647,582$21,410,261$36,634,520
52$51,276,437$26,864,587$22,087,778$39,491,646
53$56,465,655$28,139,973$22,786,741$42,601,776
54$62,182,883$29,476,563$23,507,828$45,988,983
55$68,481,937$30,877,314$24,251,739$49,679,714
56$75,422,121$32,345,329$25,019,199$53,703,028
57$83,068,787$33,883,859$25,810,951$58,090,861
58$91,493,951$35,496,317$26,627,767$62,878,315
59$100,776,975$37,186,277$27,470,438$68,103,975
60$111,005,313$38,957,491$28,339,783$73,810,260
61$122,275,337$40,813,890$29,236,648$80,043,810
62$134,693,249$42,759,599$30,161,904$86,855,912
63$148,376,082$44,798,941$31,116,449$94,302,968
64$163,452,804$46,936,450$32,101,212$102,447,009
65$180,065,536$49,176,882$33,117,148$111,356,269
66$198,370,893$51,525,222$34,165,246$121,105,806
67$218,541,466$53,986,699$35,246,523$131,778,195
68$240,767,444$56,566,796$36,362,030$143,464,287
69$265,258,416$59,271,262$37,512,851$156,264,045
70$292,245,347$62,106,127$38,700,104$170,287,471
71$321,982,759$65,077,713$39,924,944$185,655,613
72$354,751,130$68,192,651$41,188,559$202,501,695
73$390,859,549$71,457,894$42,492,179$220,972,342
74$430,648,626$74,880,734$43,837,070$241,228,942
75$474,493,713$78,468,817$45,224,539$263,449,142
76$522,808,445$82,230,163$46,655,935$287,828,494
77$576,048,645$86,173,180$48,132,648$314,582,278
78$634,716,629$90,306,688$49,656,113$343,947,495
79$699,365,944$94,639,934$51,227,812$376,185,078
80$770,606,599$99,182,619$52,849,272$411,582,319
81$849,110,818$103,944,913$54,522,069$450,455,545
82$935,619,391$108,937,484$56,247,828$493,153,067
83$1,030,948,666$114,171,518$58,028,227$540,058,430
84$1,135,998,253$119,658,746$59,864,996$591,593,990
85$1,251,759,523$125,411,472$61,759,921$648,224,862
86$1,379,324,960$131,442,600$63,714,844$710,463,263
87$1,519,898,479$137,765,660$65,731,665$778,873,301
88$1,674,806,792$144,394,846$67,812,344$854,076,252
89$1,845,511,931$151,345,039$69,958,903$936,756,370
90$2,033,625,051$158,631,850$72,173,430$1,027,667,295
91$2,240,921,644$166,271,648$74,458,077$1,127,639,113
92$2,469,358,294$174,281,601$76,815,066$1,237,586,125
93$2,721,091,156$182,679,716$79,246,686$1,358,515,425
94$2,998,496,307$191,484,874$81,755,303$1,491,536,335
95$3,304,192,179$200,716,882$84,343,355$1,637,870,812
96$3,641,064,282$210,396,510$87,013,358$1,798,864,913
97$4,012,292,441$220,545,541$89,767,907$1,976,001,423
98$4,421,380,820$231,186,823$92,609,682$2,170,913,777
99$4,872,191,001$242,344,315$95,541,444$2,385,401,400
100$5,368,978,446$254,043,149$98,566,045$2,621,446,603