Can I retire at age 40 with 15,300,000?

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 $15,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,189,102
2 years$625,475$613,826$602,537$591,591$580,973$550,001
3 years$412,841$401,142$389,881$379,038$368,593$338,559
4 years$306,545$294,882$283,734$273,075$262,884$234,019
5 years$242,784$231,191$220,189$209,748$199,840$172,224
6 years$200,291$188,785$177,945$167,737$158,127$131,787
7 years$169,950$158,541$147,873$137,906$128,599$103,539
8 years$147,205$135,899$125,408$115,686$106,686$82,892
9 years$129,524$118,325$108,014$98,539$89,845$67,299
10 years$115,387$104,297$94,169$84,941$76,552$55,226
11 years$103,829$92,850$82,905$73,924$65,837$45,700
12 years$94,203$83,337$73,576$64,842$57,053$38,070
13 years$86,065$75,312$65,735$57,245$49,752$31,884
14 years$79,095$68,457$59,064$50,816$43,612$26,820
15 years$73,060$62,537$53,326$45,319$38,399$22,641
16 years$67,785$57,376$48,348$40,578$33,937$19,171
17 years$63,135$52,841$43,995$36,459$30,091$16,272
18 years$59,006$48,828$40,162$32,857$26,756$13,841
19 years$55,316$45,253$36,766$29,689$23,848$11,793
20 years$52,000$42,051$33,742$26,889$21,302$10,063
21 years$49,003$39,169$31,036$24,404$19,062$8,597
22 years$46,282$36,563$28,605$22,189$17,087$7,353
23 years$43,802$34,197$26,411$20,208$15,338$6,294
24 years$41,531$32,040$24,426$18,431$13,786$5,392
25 years$39,446$30,068$22,623$16,832$12,405$4,623
26 years$37,524$28,259$20,982$15,390$11,174$3,965
27 years$35,747$26,595$19,484$14,087$10,075$3,402
28 years$34,100$25,060$18,113$12,907$9,091$2,921
29 years$32,570$23,642$16,855$11,836$8,209$2,508
30 years$31,144$22,327$15,700$10,862$7,417$2,155
31 years$29,813$21,106$14,637$9,976$6,706$1,851
32 years$28,568$19,971$13,656$9,168$6,066$1,591
33 years$27,400$18,913$12,751$8,431$5,489$1,368
34 years$26,304$17,925$11,914$7,757$4,970$1,176
35 years$25,272$17,002$11,139$7,141$4,502$1,011
36 years$24,300$16,137$10,420$6,577$4,079$869
37 years$23,383$15,326$9,753$6,060$3,697$748
38 years$22,516$14,566$9,133$5,585$3,351$643
39 years$21,695$13,850$8,557$5,150$3,039$553
40 years$20,918$13,178$8,020$4,750$2,757$476
41 years$20,180$12,544$7,520$4,382$2,501$409
42 years$19,479$11,946$7,054$4,044$2,269$352
43 years$18,813$11,382$6,620$3,734$2,059$303
44 years$18,179$10,850$6,214$3,447$1,869$261
45 years$17,574$10,346$5,834$3,184$1,697$224
46 years$16,998$9,870$5,480$2,941$1,541$193
47 years$16,448$9,419$5,148$2,717$1,399$166
48 years$15,922$8,992$4,838$2,511$1,271$143
49 years$15,419$8,587$4,547$2,320$1,154$123
50 years$14,938$8,202$4,275$2,145$1,048$106

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $15,300,000, adding $5,113 every year, while hoping to spend $25,252 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: 55/22/23 Blend
39$15,300,000$15,300,000$15,300,000$15,300,000
40$16,865,874$16,054,974$15,817,824$17,687,156
41$18,559,325$16,814,800$16,320,853$19,010,879
42$20,424,662$17,611,011$16,839,888$20,448,649
43$22,479,390$18,445,363$17,375,437$22,013,940
44$24,742,801$19,319,698$17,928,026$23,718,992
45$27,236,150$20,235,947$18,498,198$25,577,265
46$29,982,862$21,196,133$19,086,513$27,603,556
47$33,008,751$22,202,381$19,693,548$29,814,138
48$36,342,261$23,256,915$20,319,899$32,226,907
49$40,014,738$24,362,070$20,966,182$34,861,545
50$44,060,722$25,520,292$21,633,030$37,739,705
51$48,518,278$26,734,149$22,321,099$40,885,205
52$53,429,351$28,006,331$23,031,065$44,324,248
53$58,840,163$29,339,659$23,763,623$48,085,669
54$64,801,649$30,737,092$24,519,494$52,201,191
55$71,369,941$32,201,733$25,299,421$56,705,729
56$78,606,892$33,736,835$26,104,168$61,637,706
57$86,580,664$35,345,809$26,934,527$67,039,409
58$95,366,370$37,032,233$27,791,313$72,957,385
59$105,046,785$38,799,857$28,675,367$79,442,868
60$115,713,124$40,652,616$29,587,558$86,552,258
61$127,465,903$42,594,635$30,528,782$94,347,644
62$140,415,891$44,630,239$31,499,962$102,897,380
63$154,685,156$46,763,964$32,502,054$112,276,726
64$170,408,210$49,000,567$33,536,042$122,568,542
65$187,733,290$51,345,036$34,602,941$133,864,065
66$206,823,745$53,802,603$35,703,800$146,263,760
67$227,859,590$56,378,753$36,839,700$159,878,255
68$251,039,195$59,079,239$38,011,757$174,829,377
69$276,581,164$61,910,094$39,221,122$191,251,287
70$304,726,398$64,877,643$40,468,985$209,291,738
71$335,740,365$67,988,522$41,756,570$229,113,453
72$369,915,610$71,249,687$43,085,143$250,895,649
73$407,574,517$74,668,437$44,456,010$274,835,719
74$449,072,349$78,252,422$45,870,518$301,151,073
75$494,800,605$82,009,667$47,330,057$330,081,181
76$545,190,714$85,948,587$48,836,060$361,889,816
77$600,718,107$90,078,009$50,390,009$396,867,525
78$661,906,710$94,407,187$51,993,431$435,334,359
79$729,333,885$98,945,829$53,647,900$477,642,872
80$803,635,880$103,704,114$55,355,045$524,181,431
81$885,513,843$108,692,719$57,116,541$575,377,862
82$975,740,431$113,922,838$58,934,122$631,703,470
83$1,075,167,113$119,406,215$60,809,573$693,677,465
84$1,184,732,203$125,155,164$62,744,738$761,871,839
85$1,305,469,720$131,182,600$64,741,519$836,916,745
86$1,438,519,152$137,502,067$66,801,880$919,506,417
87$1,585,136,208$144,127,771$68,927,846$1,010,405,702
88$1,746,704,679$151,074,610$71,121,507$1,110,457,251
89$1,924,749,499$158,358,209$73,385,020$1,220,589,445
90$2,120,951,140$165,994,953$75,720,610$1,341,825,128
91$2,337,161,480$174,002,029$78,130,574$1,475,291,237
92$2,575,421,284$182,397,462$80,617,281$1,622,229,403
93$2,837,979,472$191,200,155$83,183,177$1,784,007,640
94$3,127,314,350$200,429,934$85,830,785$1,962,133,224
95$3,446,157,006$210,107,593$88,562,709$2,158,266,886
96$3,797,517,095$220,254,940$91,381,634$2,374,238,451
97$4,184,711,254$230,894,847$94,290,334$2,612,064,068
98$4,611,394,411$242,051,303$97,291,669$2,873,965,208
99$5,081,594,292$253,749,468$100,388,591$3,162,389,581
100$5,599,749,447$266,015,729$103,584,146$3,480,034,209