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

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 $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%13.5%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,257,315
2 years$654,092$641,910$630,104$618,657$607,554$588,906
3 years$431,730$419,495$407,719$396,379$385,457$367,290
4 years$320,570$308,373$296,715$285,569$274,911$257,364
5 years$253,892$241,768$230,263$219,344$208,983$192,107
6 years$209,455$197,422$186,087$175,411$165,361$149,175
7 years$177,726$165,795$154,639$144,215$134,483$118,993
8 years$153,940$142,117$131,146$120,979$111,567$96,771
9 years$135,450$123,738$112,956$103,047$93,955$79,846
10 years$120,667$109,069$98,478$88,828$80,054$66,621
11 years$108,579$97,098$86,698$77,307$68,850$56,079
12 years$98,513$87,150$76,942$67,808$59,664$47,541
13 years$90,002$78,758$68,743$59,865$52,028$40,536
14 years$82,714$71,589$61,766$53,141$45,607$34,728
15 years$76,403$65,398$55,766$47,392$40,156$29,870
16 years$70,886$60,001$50,560$42,435$35,490$25,778
17 years$66,023$55,259$46,008$38,127$31,468$22,309
18 years$61,706$51,062$41,999$34,360$27,980$19,353
19 years$57,847$47,323$38,448$31,048$24,939$16,823
20 years$54,379$43,975$35,286$28,120$22,276$14,649
21 years$51,245$40,961$32,456$25,520$19,935$12,776
22 years$48,400$38,236$29,913$23,204$17,869$11,156
23 years$45,806$35,761$27,620$21,132$16,040$9,753
24 years$43,431$33,506$25,544$19,274$14,417$8,535
25 years$41,250$31,444$23,659$17,602$12,973$7,475
26 years$39,241$29,552$21,942$16,094$11,686$6,551
27 years$37,383$27,812$20,375$14,731$10,536$5,746
28 years$35,661$26,207$18,941$13,497$9,506$5,042
29 years$34,060$24,723$17,627$12,377$8,584$4,427
30 years$32,569$23,348$16,418$11,359$7,756$3,888
31 years$31,177$22,072$15,306$10,433$7,012$3,416
32 years$29,875$20,885$14,281$9,588$6,343$3,003
33 years$28,654$19,778$13,334$8,817$5,741$2,640
34 years$27,507$18,745$12,459$8,112$5,197$2,322
35 years$26,428$17,779$11,648$7,468$4,708$2,042
36 years$25,412$16,875$10,897$6,878$4,265$1,797
37 years$24,452$16,028$10,199$6,337$3,866$1,581
38 years$23,546$15,232$9,551$5,841$3,505$1,391
39 years$22,688$14,484$8,948$5,385$3,178$1,225
40 years$21,875$13,780$8,387$4,967$2,883$1,078
41 years$21,103$13,118$7,864$4,583$2,615$949
42 years$20,370$12,493$7,377$4,230$2,373$836
43 years$19,674$11,903$6,922$3,904$2,154$736
44 years$19,010$11,346$6,498$3,605$1,955$648
45 years$18,378$10,820$6,101$3,329$1,775$571
46 years$17,776$10,322$5,731$3,075$1,611$503
47 years$17,200$9,850$5,384$2,841$1,463$443
48 years$16,650$9,403$5,059$2,625$1,329$390
49 years$16,125$8,979$4,755$2,426$1,207$343
50 years$15,622$8,577$4,471$2,243$1,096$303

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 $2,315 every year, while hoping to spend $34,269 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: 62/32/6 Blend
39$16,000,000$16,000,000$16,000,000$16,000,000
40$17,634,388$16,786,388$16,538,388$18,708,726
41$19,396,634$17,572,459$17,055,962$20,211,870
42$21,337,480$18,395,899$17,589,726$21,847,538
43$23,475,107$19,258,503$18,140,187$23,631,839
44$25,829,551$20,162,152$18,707,866$25,579,127
45$28,422,887$21,108,820$19,293,301$27,705,180
46$31,279,444$22,100,574$19,897,049$30,027,350
47$34,426,028$23,139,583$20,519,681$32,564,714
48$37,892,180$24,228,119$21,161,787$35,338,257
49$41,710,452$25,368,568$21,823,977$38,371,057
50$45,916,717$26,563,426$22,506,879$41,688,501
51$50,550,502$27,815,313$23,211,139$45,318,516
52$55,655,367$29,126,977$23,937,426$49,291,827
53$61,279,312$30,501,297$24,686,428$53,642,240
54$67,475,234$31,941,293$25,458,855$58,406,952
55$74,301,421$33,450,129$26,255,440$63,626,897
56$81,822,105$35,031,125$27,076,937$69,347,123
57$90,108,071$36,687,761$27,924,125$75,617,208
58$99,237,319$38,423,686$28,797,808$82,491,720
59$109,295,804$40,242,725$29,698,813$90,030,723
60$120,378,247$42,148,890$30,627,994$98,300,334
61$132,589,029$44,146,386$31,586,233$107,373,336
62$146,043,175$46,239,624$32,574,437$117,329,857
63$160,867,441$48,433,228$33,593,543$128,258,110
64$177,201,510$50,732,046$34,644,516$140,255,221
65$195,199,310$53,141,162$35,728,353$153,428,129
66$215,030,468$55,665,907$36,846,081$167,894,581
67$236,881,910$58,311,871$37,998,759$183,784,237
68$260,959,626$61,084,914$39,187,479$201,239,872
69$287,490,616$63,991,184$40,413,368$220,418,714
70$316,725,030$67,037,123$41,677,587$241,493,912
71$348,938,531$70,229,490$42,981,334$264,656,152
72$384,434,897$73,575,370$44,325,845$290,115,443
73$423,548,888$77,082,195$45,712,392$318,103,080
74$466,649,408$80,757,756$47,142,290$348,873,810
75$514,142,984$84,610,223$48,616,894$382,708,216
76$566,477,609$88,648,163$50,137,600$419,915,347
77$624,146,964$92,880,563$51,705,849$460,835,611
78$687,695,086$97,316,842$53,323,126$505,843,971
79$757,721,497$101,966,880$54,990,964$555,353,457
80$834,886,871$106,841,038$56,710,942$609,819,042
81$919,919,262$111,950,179$58,484,689$669,741,911
82$1,013,620,987$117,305,698$60,313,886$735,674,168
83$1,116,876,191$122,919,540$62,200,264$808,224,014
84$1,230,659,200$128,804,235$64,145,611$888,061,465
85$1,356,043,718$134,972,923$66,151,768$975,924,642
86$1,494,212,961$141,439,380$68,220,636$1,072,626,710
87$1,646,470,830$148,218,056$70,354,174$1,179,063,519
88$1,814,254,218$155,324,104$72,554,402$1,296,222,022
89$1,999,146,577$162,773,414$74,823,404$1,425,189,562
90$2,202,892,868$170,582,651$77,163,328$1,567,164,093
91$2,427,416,030$178,769,291$79,576,389$1,723,465,448
92$2,674,835,140$187,351,661$82,064,873$1,895,547,760
93$2,947,485,413$196,348,981$84,631,135$2,085,013,139
94$3,247,940,252$205,781,408$87,277,605$2,293,626,755
95$3,579,035,542$215,670,081$90,006,789$2,523,333,448
96$3,943,896,421$226,037,169$92,821,270$2,776,276,041
97$4,345,966,786$236,905,920$95,723,713$3,054,815,512
98$4,789,041,806$248,300,718$98,716,865$3,361,553,227
99$5,277,303,749$260,247,132$101,803,559$3,699,355,440
100$5,815,361,470$272,771,981$104,986,717$4,071,380,288