Can I retire at age 40 with 16,100,000?

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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,277,889
2 years$658,180$645,922$634,042$622,523$611,351$605,348
3 years$434,428$422,117$410,267$398,857$387,866$381,993
4 years$322,574$310,301$298,569$287,354$276,629$270,931
5 years$255,479$243,280$231,702$220,715$210,289$204,783
6 years$210,764$198,656$187,250$176,508$166,395$161,088
7 years$178,837$166,831$155,605$145,117$135,323$130,219
8 years$154,902$143,005$131,966$121,735$112,264$107,361
9 years$136,297$124,512$113,662$103,691$94,542$89,841
10 years$121,421$109,751$99,093$89,383$80,555$76,052
11 years$109,257$97,705$87,240$77,790$69,280$64,973
12 years$99,129$87,694$77,423$68,232$60,036$55,923
13 years$90,565$79,250$69,173$60,239$52,353$48,428
14 years$83,231$72,036$62,152$53,473$45,892$42,152
15 years$76,880$65,806$56,115$47,689$40,407$36,846
16 years$71,329$60,376$50,876$42,700$35,712$32,326
17 years$66,436$55,604$46,295$38,366$31,665$28,449
18 years$62,092$51,381$42,262$34,575$28,155$25,103
19 years$58,209$47,619$38,689$31,242$25,095$22,203
20 years$54,719$44,250$35,506$28,295$22,415$19,677
21 years$51,565$41,217$32,659$25,680$20,059$17,469
22 years$48,702$38,475$30,100$23,349$17,980$15,532
23 years$46,092$35,985$27,792$21,264$16,140$13,829
24 years$43,703$33,715$25,703$19,394$14,507$12,327
25 years$41,508$31,640$23,806$17,712$13,054$11,000
26 years$39,486$29,737$22,079$16,195$11,759$9,825
27 years$37,616$27,986$20,502$14,824$10,601$8,783
28 years$35,883$26,371$19,060$13,582$9,566$7,857
29 years$34,273$24,878$17,737$12,455$8,638$7,033
30 years$32,773$23,494$16,521$11,430$7,805$6,299
31 years$31,372$22,210$15,402$10,498$7,056$5,645
32 years$30,061$21,015$14,370$9,648$6,383$5,060
33 years$28,833$19,902$13,418$8,872$5,777$4,539
34 years$27,679$18,862$12,537$8,163$5,230$4,072
35 years$26,593$17,891$11,721$7,514$4,737$3,655
36 years$25,571$16,981$10,965$6,921$4,292$3,281
37 years$24,605$16,128$10,263$6,376$3,890$2,947
38 years$23,693$15,327$9,611$5,877$3,527$2,647
39 years$22,829$14,575$9,004$5,419$3,198$2,378
40 years$22,011$13,867$8,440$4,998$2,901$2,137
41 years$21,235$13,200$7,914$4,612$2,632$1,920
42 years$20,498$12,571$7,423$4,256$2,388$1,726
43 years$19,797$11,978$6,966$3,929$2,167$1,552
44 years$19,129$11,417$6,539$3,628$1,967$1,395
45 years$18,493$10,887$6,139$3,350$1,786$1,255
46 years$17,887$10,386$5,766$3,095$1,621$1,128
47 years$17,308$9,911$5,417$2,859$1,472$1,015
48 years$16,754$9,462$5,091$2,642$1,337$913
49 years$16,225$9,035$4,785$2,442$1,214$821
50 years$15,719$8,631$4,499$2,257$1,103$739

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $16,100,000, adding $6,406 every year, while hoping to spend $31,480 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: 71/8/21 Blend
39$16,100,000$16,100,000$16,100,000$16,100,000
40$17,748,808$16,895,508$16,645,958$18,917,098
41$19,525,692$17,689,893$17,170,103$20,491,133
42$21,482,763$18,522,148$17,710,752$22,209,655
43$23,638,367$19,394,096$18,268,424$24,090,542
44$26,012,720$20,307,646$18,843,656$26,149,887
45$28,628,099$21,264,802$19,437,000$28,405,410
46$31,509,052$22,267,665$20,049,027$30,876,616
47$34,682,630$23,318,435$20,680,324$33,584,984
48$38,178,643$24,419,423$21,331,499$36,554,163
49$42,029,938$25,573,048$22,003,178$39,810,193
50$46,272,712$26,781,849$22,696,005$43,381,748
51$50,946,855$28,048,486$23,410,648$47,300,406
52$56,096,322$29,375,749$24,147,792$51,600,941
53$61,769,551$30,766,564$24,908,147$56,321,653
54$68,019,918$32,223,999$25,692,443$61,504,721
55$74,906,243$33,751,269$26,501,433$67,196,599
56$82,493,345$35,351,746$27,335,896$73,448,455
57$90,852,651$37,028,966$28,196,634$80,316,646
58$100,062,874$38,786,638$29,084,473$87,863,248
59$110,210,752$40,628,648$30,000,268$96,156,641
60$121,391,869$42,559,072$30,944,897$105,272,143
61$133,711,558$44,582,185$31,919,270$115,292,726
62$147,285,894$46,702,469$32,924,322$126,309,787
63$162,242,788$48,924,623$33,961,020$138,424,012
64$178,723,198$51,253,575$35,030,360$151,746,318
65$196,882,457$53,694,493$36,133,370$166,398,898
66$216,891,739$56,252,795$37,271,109$182,516,368
67$238,939,677$58,934,163$38,444,672$200,247,031
68$263,234,142$61,744,554$39,655,186$219,754,276
69$290,004,205$64,690,217$40,903,815$241,218,107
70$319,502,299$67,777,704$42,191,758$264,836,847
71$352,006,606$71,013,883$43,520,254$290,828,993
72$387,823,676$74,405,960$44,890,580$319,435,280
73$427,291,329$77,961,490$46,304,052$350,920,944
74$470,781,835$81,688,394$47,762,029$385,578,217
75$518,705,438$85,594,980$49,265,911$423,729,082
76$571,514,219$89,689,960$50,817,146$465,728,304
77$629,706,371$93,982,471$52,417,223$511,966,769
78$693,830,901$98,482,092$54,067,679$562,875,167
79$764,492,809$103,198,871$55,770,103$618,928,052
80$842,358,803$108,143,343$57,526,129$680,648,308
81$928,163,592$113,326,558$59,337,445$748,612,080
82$1,022,716,821$118,760,102$61,205,793$823,454,202
83$1,126,910,717$124,456,127$63,132,967$905,874,178
84$1,241,728,509$130,427,376$65,120,820$996,642,780
85$1,368,253,712$136,687,212$67,171,262$1,096,609,306
86$1,507,680,356$143,249,651$69,286,264$1,206,709,594
87$1,661,324,257$150,129,389$71,467,860$1,327,974,841
88$1,830,635,443$157,341,840$73,718,144$1,461,541,324
89$2,017,211,836$164,903,169$76,039,281$1,608,661,119
90$2,222,814,347$172,830,327$78,433,500$1,770,713,902
91$2,449,383,491$181,141,094$80,903,103$1,949,219,963
92$2,699,057,714$189,854,114$83,450,463$2,145,854,546
93$2,974,193,576$198,988,941$86,078,029$2,362,463,644
94$3,277,388,003$208,566,082$88,788,325$2,601,081,412
95$3,611,502,803$218,607,043$91,583,957$2,863,949,355
96$3,979,691,680$229,134,379$94,467,611$3,153,537,474
97$4,385,430,014$240,171,747$97,442,059$3,472,567,561
98$4,832,547,666$251,743,953$100,510,159$3,824,038,879
99$5,325,265,138$263,877,017$103,674,859$4,211,256,456
100$5,868,233,417$276,598,226$106,939,202$4,637,862,269