Can I retire at age 40 with 16,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $16,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,263,064
2 years$654,092$641,910$630,104$618,657$607,554$594,663
3 years$431,730$419,495$407,719$396,379$385,457$372,874
4 years$320,570$308,373$296,715$285,569$274,911$262,733
5 years$253,892$241,768$230,263$219,344$208,983$197,245
6 years$209,455$197,422$186,087$175,411$165,361$154,078
7 years$177,726$165,795$154,639$144,215$134,483$123,659
8 years$153,940$142,117$131,146$120,979$111,567$101,202
9 years$135,450$123,738$112,956$103,047$93,955$84,046
10 years$120,667$109,069$98,478$88,828$80,054$70,595
11 years$108,579$97,098$86,698$77,307$68,850$59,832
12 years$98,513$87,150$76,942$67,808$59,664$51,078
13 years$90,002$78,758$68,743$59,865$52,028$43,865
14 years$82,714$71,589$61,766$53,141$45,607$37,856
15 years$76,403$65,398$55,766$47,392$40,156$32,805
16 years$70,886$60,001$50,560$42,435$35,490$28,527
17 years$66,023$55,259$46,008$38,127$31,468$24,880
18 years$61,706$51,062$41,999$34,360$27,980$21,754
19 years$57,847$47,323$38,448$31,048$24,939$19,062
20 years$54,379$43,975$35,286$28,120$22,276$16,734
21 years$51,245$40,961$32,456$25,520$19,935$14,715
22 years$48,400$38,236$29,913$23,204$17,869$12,957
23 years$45,806$35,761$27,620$21,132$16,040$11,423
24 years$43,431$33,506$25,544$19,274$14,417$10,082
25 years$41,250$31,444$23,659$17,602$12,973$8,907
26 years$39,241$29,552$21,942$16,094$11,686$7,875
27 years$37,383$27,812$20,375$14,731$10,536$6,967
28 years$35,661$26,207$18,941$13,497$9,506$6,168
29 years$34,060$24,723$17,627$12,377$8,584$5,464
30 years$32,569$23,348$16,418$11,359$7,756$4,843
31 years$31,177$22,072$15,306$10,433$7,012$4,294
32 years$29,875$20,885$14,281$9,588$6,343$3,809
33 years$28,654$19,778$13,334$8,817$5,741$3,379
34 years$27,507$18,745$12,459$8,112$5,197$2,999
35 years$26,428$17,779$11,648$7,468$4,708$2,663
36 years$25,412$16,875$10,897$6,878$4,265$2,365
37 years$24,452$16,028$10,199$6,337$3,866$2,100
38 years$23,546$15,232$9,551$5,841$3,505$1,866
39 years$22,688$14,484$8,948$5,385$3,178$1,658
40 years$21,875$13,780$8,387$4,967$2,883$1,473
41 years$21,103$13,118$7,864$4,583$2,615$1,309
42 years$20,370$12,493$7,377$4,230$2,373$1,164
43 years$19,674$11,903$6,922$3,904$2,154$1,035
44 years$19,010$11,346$6,498$3,605$1,955$920
45 years$18,378$10,820$6,101$3,329$1,775$818
46 years$17,776$10,322$5,731$3,075$1,611$727
47 years$17,200$9,850$5,384$2,841$1,463$647
48 years$16,650$9,403$5,059$2,625$1,329$575
49 years$16,125$8,979$4,755$2,426$1,207$511
50 years$15,622$8,577$4,471$2,243$1,096$455

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $16,000,000, adding $6,069 every year, while hoping to spend $22,165 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: 46/32/22 Blend
39$16,000,000$16,000,000$16,000,000$16,000,000
40$17,638,260$16,790,260$16,542,260$18,338,117
41$19,413,779$17,589,400$17,072,843$19,629,145
42$21,369,659$18,426,954$17,620,456$21,026,332
43$23,524,271$19,304,782$18,185,649$22,541,780
44$25,897,864$20,224,833$18,768,986$24,186,532
45$28,512,748$21,189,152$19,371,048$25,972,720
46$31,393,509$22,199,881$19,992,439$27,913,661
47$34,567,240$23,259,269$20,633,779$30,023,986
48$38,063,797$24,369,671$21,295,709$32,319,767
49$41,916,079$25,533,560$21,978,891$34,818,660
50$46,160,343$26,753,528$22,684,007$37,540,070
51$50,836,539$28,032,293$23,411,763$40,505,321
52$55,988,695$29,372,703$24,162,885$43,737,854
53$61,665,325$30,777,749$24,938,125$47,263,437
54$67,919,893$32,250,564$25,738,258$51,110,399
55$74,811,316$33,794,436$26,564,083$55,309,892
56$82,404,518$35,412,810$27,416,427$59,896,171
57$90,771,042$37,109,302$28,296,141$64,906,911
58$99,989,733$38,887,701$29,204,106$70,383,552
59$110,147,471$40,751,984$30,141,229$76,371,677
60$121,340,000$42,706,318$31,108,447$82,921,432
61$133,672,828$44,755,076$32,106,728$90,087,989
62$147,262,223$46,902,841$33,137,070$97,932,052
63$162,236,311$49,154,422$34,200,503$106,520,420
64$178,736,287$51,514,861$35,298,092$115,926,601
65$196,917,744$53,989,445$36,430,934$126,231,494
66$216,952,146$56,583,719$37,600,162$137,524,136
67$239,028,443$59,303,501$38,806,947$149,902,529
68$263,354,860$62,154,887$40,052,495$163,474,546
69$290,160,854$65,144,276$41,338,052$178,358,936
70$319,699,290$68,278,374$42,664,905$194,686,425
71$352,248,820$71,564,217$44,034,382$212,600,930
72$388,116,519$75,009,182$45,447,853$232,260,902
73$427,640,780$78,621,008$46,906,732$253,840,799
74$471,194,511$82,407,809$48,412,479$277,532,712
75$519,188,656$86,378,096$49,966,601$303,548,155
76$572,076,070$90,540,795$51,570,655$332,120,041
77$630,355,802$94,905,266$53,226,244$363,504,854
78$694,577,797$99,481,328$54,935,027$397,985,045
79$765,348,096$104,279,276$56,698,714$435,871,673
80$843,334,551$109,309,910$58,519,070$477,507,313
81$929,273,134$114,584,555$60,397,918$523,269,261
82$1,023,974,885$120,115,089$62,337,138$573,573,062
83$1,128,333,564$125,913,969$64,338,674$628,876,406
84$1,243,334,096$131,994,262$66,404,527$689,683,413
85$1,370,061,863$138,369,670$68,536,768$756,549,354
86$1,509,712,954$145,054,565$70,737,531$830,085,862
87$1,663,605,458$152,064,021$73,009,021$910,966,662
88$1,833,191,902$159,413,846$75,353,511$999,933,896
89$2,020,072,973$167,120,621$77,773,351$1,097,805,081
90$2,226,012,622$175,201,737$80,270,963$1,205,480,788
91$2,452,954,718$183,675,431$82,848,850$1,323,953,098
92$2,703,041,407$192,560,835$85,509,593$1,454,314,912
93$2,978,633,324$201,878,010$88,255,859$1,597,770,227
94$3,282,331,891$211,648,000$91,090,397$1,755,645,445
95$3,617,003,867$221,892,875$94,016,049$1,929,401,837
96$3,985,808,420$232,635,784$97,035,745$2,120,649,287
97$4,392,226,947$243,901,006$100,152,511$2,331,161,421
98$4,840,095,945$255,714,005$103,369,470$2,562,892,296
99$5,333,643,230$268,101,489$106,689,845$2,817,994,775
100$5,877,527,848$281,091,471$110,116,963$3,098,840,780