Can I retire at age 40 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,240,932
2 years$641,827$629,874$618,289$607,057$596,162$585,069
3 years$423,635$411,630$400,074$388,947$378,230$367,396
4 years$314,560$302,591$291,151$280,215$269,757$259,266
5 years$249,132$237,235$225,945$215,232$205,065$194,947
6 years$205,527$193,720$182,598$172,122$162,261$152,529
7 years$174,394$162,686$151,739$141,511$131,961$122,620
8 years$151,054$139,452$128,687$118,710$109,475$100,524
9 years$132,910$121,418$110,838$101,115$92,194$83,630
10 years$118,404$107,024$96,631$87,162$78,553$70,372
11 years$106,543$95,277$85,073$75,857$67,559$59,754
12 years$96,666$85,516$75,500$66,537$58,545$51,108
13 years$88,315$77,281$67,454$58,742$51,052$43,976
14 years$81,163$70,247$60,608$52,145$44,752$38,027
15 years$74,970$64,171$54,721$46,504$39,403$33,020
16 years$69,557$58,876$49,612$41,639$34,825$28,773
17 years$64,785$54,223$45,145$37,412$30,878$25,147
18 years$60,549$50,104$41,212$33,716$27,455$22,034
19 years$56,763$46,436$37,727$30,465$24,472$19,349
20 years$53,359$43,151$34,624$27,592$21,858$17,024
21 years$50,284$40,193$31,848$25,042$19,561$15,003
22 years$47,492$37,519$29,353$22,769$17,533$13,241
23 years$44,947$35,091$27,102$20,736$15,739$11,700
24 years$42,617$32,878$25,065$18,912$14,147$10,350
25 years$40,477$30,854$23,215$17,272$12,730$9,165
26 years$38,505$28,998$21,531$15,792$11,467$8,122
27 years$36,682$27,290$19,993$14,455$10,338$7,203
28 years$34,992$25,716$18,586$13,244$9,328$6,393
29 years$33,421$24,260$17,296$12,145$8,423$5,677
30 years$31,958$22,911$16,111$11,146$7,611$5,043
31 years$30,592$21,658$15,019$10,237$6,881$4,483
32 years$29,314$20,493$14,013$9,408$6,224$3,986
33 years$28,116$19,407$13,084$8,651$5,633$3,546
34 years$26,991$18,394$12,225$7,960$5,100$3,155
35 years$25,933$17,446$11,430$7,328$4,619$2,808
36 years$24,935$16,559$10,692$6,749$4,185$2,500
37 years$23,994$15,727$10,008$6,218$3,793$2,226
38 years$23,104$14,946$9,372$5,731$3,439$1,983
39 years$22,262$14,213$8,780$5,284$3,119$1,766
40 years$21,464$13,522$8,230$4,874$2,829$1,573
41 years$20,707$12,872$7,717$4,497$2,566$1,402
42 years$19,988$12,259$7,239$4,150$2,329$1,249
43 years$19,305$11,680$6,793$3,831$2,113$1,114
44 years$18,654$11,133$6,376$3,537$1,918$993
45 years$18,034$10,617$5,987$3,267$1,741$885
46 years$17,442$10,128$5,623$3,018$1,581$789
47 years$16,878$9,665$5,283$2,788$1,436$703
48 years$16,338$9,227$4,964$2,576$1,304$627
49 years$15,822$8,811$4,666$2,381$1,184$559
50 years$15,329$8,417$4,387$2,201$1,076$499

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $15,700,000, adding $4,258 every year, while hoping to spend $21,654 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: 62/16/22 Blend
39$15,700,000$15,700,000$15,700,000$15,700,000
40$17,305,792$16,473,692$16,230,342$18,278,902
41$19,047,943$17,257,863$16,751,019$19,721,363
42$20,967,068$18,079,733$17,288,413$21,292,773
43$23,081,195$18,941,126$17,843,060$23,007,974
44$25,410,191$19,843,955$18,415,517$24,880,988
45$27,975,947$20,790,226$19,006,354$26,927,239
46$30,802,589$21,782,043$19,616,162$29,163,697
47$33,916,702$22,821,611$20,245,552$31,609,035
48$37,347,579$23,911,244$20,895,152$34,283,800
49$41,127,505$25,053,367$21,565,612$37,210,603
50$45,292,052$26,250,524$22,257,602$40,414,330
51$49,880,424$27,505,383$22,971,814$43,922,370
52$54,935,821$28,820,739$23,708,963$47,764,872
53$60,505,846$30,199,528$24,469,785$51,975,021
54$66,642,962$31,644,824$25,255,042$56,589,349
55$73,404,977$33,159,853$26,065,519$61,648,074
56$80,855,598$34,747,999$26,902,027$67,195,475
57$89,065,026$36,412,808$27,765,402$73,280,302
58$98,110,623$38,158,001$28,656,508$79,956,234
59$108,077,643$39,987,478$29,576,237$87,282,375
60$119,060,029$41,905,332$30,525,508$95,323,808
61$131,161,311$43,915,852$31,505,271$104,152,205
62$144,495,574$46,023,538$32,516,507$113,846,492
63$159,188,540$48,233,109$33,560,227$124,493,588
64$175,378,753$50,549,513$34,637,476$136,189,221
65$193,218,886$52,977,939$35,749,332$149,038,819
66$212,877,185$55,523,831$36,896,907$163,158,502
67$234,539,054$58,192,895$38,081,351$178,676,164
68$258,408,809$60,991,118$39,303,847$195,732,676
69$284,711,602$63,924,778$40,565,621$214,483,202
70$313,695,551$67,000,457$41,867,934$235,098,660
71$345,634,078$70,225,060$43,212,091$257,767,318
72$380,828,495$73,605,829$44,599,437$282,696,565
73$419,610,844$77,150,358$46,031,361$310,114,856
74$462,347,035$80,866,610$47,509,296$340,273,858
75$509,440,298$84,762,939$49,034,723$373,450,814
76$561,334,990$88,848,105$50,609,168$409,951,143
77$618,520,792$93,131,295$52,234,208$450,111,314
78$681,537,329$97,622,145$53,911,470$494,302,011
79$750,979,267$102,330,760$55,642,634$542,931,608
80$827,501,924$107,267,739$57,429,434$596,450,021
81$911,827,459$112,444,197$59,273,659$655,352,928
82$1,004,751,689$117,871,792$61,177,157$720,186,442
83$1,107,151,603$123,562,752$63,141,833$791,552,241
84$1,219,993,638$129,529,898$65,169,655$870,113,234
85$1,344,342,806$135,786,680$67,262,656$956,599,800
86$1,481,372,749$142,347,204$69,422,932$1,051,816,661
87$1,632,376,816$149,226,264$71,652,647$1,156,650,462
88$1,798,780,275$156,439,374$73,954,034$1,272,078,113
89$1,982,153,769$164,002,810$76,329,400$1,399,175,998
90$2,184,228,144$171,933,638$78,781,125$1,539,130,105
91$2,406,910,787$180,249,759$81,311,666$1,693,247,201
92$2,652,303,639$188,969,948$83,923,558$1,862,967,144
93$2,922,723,031$198,113,897$86,619,419$2,049,876,445
94$3,220,721,561$207,702,259$89,401,950$2,255,723,221
95$3,549,112,186$217,756,695$92,273,941$2,482,433,667
96$3,910,994,781$228,299,925$95,238,270$2,732,130,210
97$4,309,785,405$239,355,777$98,297,908$3,007,151,514
98$4,749,248,550$250,949,245$101,455,922$3,310,074,522
99$5,233,532,686$263,106,541$104,715,479$3,643,738,754
100$5,767,209,417$275,855,159$108,079,845$4,011,273,072