Can I retire at age 40 with 15,600,000?

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 $15,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,201,742
2 years$637,739$625,862$614,351$603,190$592,365$550,248
3 years$420,936$409,008$397,526$386,470$375,821$335,134
4 years$312,556$300,664$289,297$278,430$268,038$229,093
5 years$247,545$235,724$224,506$213,861$203,758$166,657
6 years$204,218$192,487$181,434$171,026$161,227$126,000
7 years$173,283$161,650$150,773$140,610$131,121$97,762
8 years$150,092$138,564$127,867$117,954$108,777$77,261
9 years$132,064$120,645$110,132$100,471$91,606$61,893
10 years$117,650$106,342$96,016$86,607$78,053$50,095
11 years$105,864$94,670$84,531$75,374$67,128$40,871
12 years$96,050$84,971$75,019$66,113$58,172$33,556
13 years$87,752$76,789$67,024$58,368$50,727$27,688
14 years$80,646$69,799$60,222$51,813$44,467$22,939
15 years$74,493$63,763$54,372$46,208$39,152$19,067
16 years$69,114$58,501$49,296$41,374$34,603$15,891
17 years$64,373$53,877$44,858$37,174$30,681$13,273
18 years$60,163$49,785$40,949$33,501$27,280$11,107
19 years$56,401$46,140$37,487$30,271$24,316$9,308
20 years$53,019$42,876$34,404$27,417$21,719$7,810
21 years$49,964$39,937$31,645$24,882$19,436$6,561
22 years$47,190$37,280$29,166$22,624$17,422$5,516
23 years$44,661$34,867$26,929$20,604$15,639$4,640
24 years$42,346$32,668$24,905$18,792$14,057$3,907
25 years$40,219$30,657$23,067$17,162$12,649$3,290
26 years$38,260$28,813$21,394$15,692$11,394$2,773
27 years$36,448$27,116$19,866$14,363$10,272$2,337
28 years$34,769$25,552$18,468$13,160$9,269$1,971
29 years$33,209$24,105$17,186$12,068$8,369$1,662
30 years$31,755$22,765$16,008$11,075$7,562$1,402
31 years$30,398$21,520$14,924$10,172$6,837$1,183
32 years$29,128$20,362$13,924$9,348$6,185$998
33 years$27,937$19,284$13,001$8,596$5,597$843
34 years$26,819$18,277$12,147$7,909$5,068$711
35 years$25,768$17,335$11,357$7,281$4,590$600
36 years$24,776$16,453$10,624$6,706$4,159$507
37 years$23,841$15,627$9,944$6,178$3,769$428
38 years$22,957$14,851$9,312$5,695$3,417$361
39 years$22,120$14,122$8,725$5,251$3,099$305
40 years$21,328$13,436$8,177$4,843$2,811$258
41 years$20,576$12,790$7,668$4,468$2,550$218
42 years$19,861$12,181$7,193$4,124$2,314$184
43 years$19,182$11,606$6,749$3,807$2,100$155
44 years$18,535$11,063$6,335$3,515$1,906$131
45 years$17,919$10,549$5,949$3,246$1,730$111
46 years$17,331$10,063$5,587$2,998$1,571$93
47 years$16,770$9,604$5,249$2,770$1,427$79
48 years$16,234$9,168$4,933$2,560$1,296$67
49 years$15,722$8,755$4,636$2,366$1,177$56
50 years$15,231$8,363$4,359$2,187$1,069$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $15,600,000, adding $6,526 every year, while hoping to spend $39,163 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: 73/10/17 Blend
39$15,600,000$15,600,000$15,600,000$15,600,000
40$17,197,932$16,371,132$16,129,332$18,385,650
41$18,910,451$17,131,648$16,627,995$19,934,811
42$20,796,336$17,928,117$17,142,051$21,625,908
43$22,873,226$18,762,259$17,671,974$23,477,405
44$25,160,563$19,635,878$18,218,253$25,505,216
45$27,679,768$20,550,863$18,781,392$27,726,861
46$30,454,446$21,509,196$19,361,910$30,161,627
47$33,510,608$22,512,955$19,960,342$32,830,754
48$36,876,917$23,564,318$20,577,241$35,757,624
49$40,584,959$24,665,566$21,213,176$38,967,985
50$44,669,540$25,819,093$21,868,731$42,490,193
51$49,169,012$27,027,408$22,544,513$46,355,470
52$54,125,641$28,293,141$23,241,144$50,598,201
53$59,585,999$29,619,048$23,959,265$55,256,256
54$65,601,410$31,008,020$24,699,540$60,371,341
55$72,228,428$32,463,087$25,462,649$65,989,390
56$79,529,376$33,987,427$26,249,295$72,160,996
57$87,572,930$35,584,369$27,060,205$78,941,884
58$96,434,772$37,257,405$27,896,124$86,393,432
59$106,198,297$39,010,196$28,757,822$94,583,251
60$116,955,407$40,846,580$29,646,094$103,585,813
61$128,807,377$42,770,581$30,561,756$113,483,155
62$141,865,807$44,786,417$31,505,653$124,365,646
63$156,253,680$46,898,511$32,478,652$136,332,838
64$172,106,518$49,111,502$33,481,650$149,494,398
65$189,573,668$51,430,250$34,515,570$163,971,140
66$208,819,703$53,859,854$35,581,363$179,896,160
67$230,025,984$56,405,658$36,680,011$197,416,089
68$253,392,366$59,073,267$37,812,523$216,692,468
69$279,139,087$61,868,556$38,979,941$237,903,268
70$307,508,845$64,797,686$40,183,340$261,244,567
71$338,769,092$67,867,118$41,423,827$286,932,390
72$373,214,556$71,083,623$42,702,542$315,204,746
73$411,170,024$74,454,304$44,020,660$346,323,866
74$452,993,409$77,986,607$45,379,395$380,578,668
75$499,079,126$81,688,341$46,779,995$418,287,486
76$549,861,819$85,567,692$48,223,746$459,801,055
77$605,820,461$89,633,244$49,711,978$505,505,825
78$667,482,874$93,894,000$51,246,056$555,827,595
79$735,430,719$98,359,398$52,827,390$611,235,523
80$810,304,979$103,039,335$54,457,434$672,246,548
81$892,812,013$107,944,189$56,137,685$739,430,262
82$983,730,227$113,084,842$57,869,686$813,414,273
83$1,083,917,417$118,472,707$59,655,027$894,890,121
84$1,194,318,872$124,119,747$61,495,349$984,619,796
85$1,315,976,295$130,038,513$63,392,340$1,083,442,920
86$1,450,037,637$136,242,159$65,347,744$1,192,284,661
87$1,597,767,936$142,744,485$67,363,353$1,312,164,455
88$1,760,561,259$149,559,959$69,441,019$1,444,205,615
89$1,939,953,862$156,703,752$71,582,648$1,589,645,926
90$2,137,638,695$164,191,774$73,790,206$1,749,849,312
91$2,355,481,381$172,040,711$76,065,717$1,926,318,698
92$2,595,537,832$180,268,056$78,411,269$2,120,710,188
93$2,860,073,658$188,892,158$80,829,014$2,334,848,676
94$3,151,585,554$197,932,256$83,321,168$2,570,745,061
95$3,472,824,872$207,408,528$85,890,018$2,830,615,214
96$3,826,823,593$217,342,130$88,537,919$3,116,900,880
97$4,216,922,958$227,755,253$91,267,297$3,432,292,704
98$4,646,805,004$238,671,164$94,080,655$3,779,755,621
99$5,120,527,329$250,114,266$96,980,572$4,162,556,819
100$5,642,561,400$262,110,149$99,969,705$4,584,296,566