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

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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,251,277
2 years$658,180$645,922$634,042$622,523$611,351$578,759
3 years$434,428$422,117$410,267$398,857$387,866$356,261
4 years$322,574$310,301$298,569$287,354$276,629$246,255
5 years$255,479$243,280$231,702$220,715$210,289$181,229
6 years$210,764$198,656$187,250$176,508$166,395$138,678
7 years$178,837$166,831$155,605$145,117$135,323$108,953
8 years$154,902$143,005$131,966$121,735$112,264$87,227
9 years$136,297$124,512$113,662$103,691$94,542$70,818
10 years$121,421$109,751$99,093$89,383$80,555$58,114
11 years$109,257$97,705$87,240$77,790$69,280$48,090
12 years$99,129$87,694$77,423$68,232$60,036$40,061
13 years$90,565$79,250$69,173$60,239$52,353$33,551
14 years$83,231$72,036$62,152$53,473$45,892$28,222
15 years$76,880$65,806$56,115$47,689$40,407$23,825
16 years$71,329$60,376$50,876$42,700$35,712$20,173
17 years$66,436$55,604$46,295$38,366$31,665$17,123
18 years$62,092$51,381$42,262$34,575$28,155$14,564
19 years$58,209$47,619$38,689$31,242$25,095$12,410
20 years$54,719$44,250$35,506$28,295$22,415$10,589
21 years$51,565$41,217$32,659$25,680$20,059$9,047
22 years$48,702$38,475$30,100$23,349$17,980$7,738
23 years$46,092$35,985$27,792$21,264$16,140$6,624
24 years$43,703$33,715$25,703$19,394$14,507$5,674
25 years$41,508$31,640$23,806$17,712$13,054$4,864
26 years$39,486$29,737$22,079$16,195$11,759$4,172
27 years$37,616$27,986$20,502$14,824$10,601$3,580
28 years$35,883$26,371$19,060$13,582$9,566$3,073
29 years$34,273$24,878$17,737$12,455$8,638$2,639
30 years$32,773$23,494$16,521$11,430$7,805$2,267
31 years$31,372$22,210$15,402$10,498$7,056$1,948
32 years$30,061$21,015$14,370$9,648$6,383$1,674
33 years$28,833$19,902$13,418$8,872$5,777$1,439
34 years$27,679$18,862$12,537$8,163$5,230$1,237
35 years$26,593$17,891$11,721$7,514$4,737$1,064
36 years$25,571$16,981$10,965$6,921$4,292$915
37 years$24,605$16,128$10,263$6,376$3,890$787
38 years$23,693$15,327$9,611$5,877$3,527$677
39 years$22,829$14,575$9,004$5,419$3,198$582
40 years$22,011$13,867$8,440$4,998$2,901$501
41 years$21,235$13,200$7,914$4,612$2,632$431
42 years$20,498$12,571$7,423$4,256$2,388$371
43 years$19,797$11,978$6,966$3,929$2,167$319
44 years$19,129$11,417$6,539$3,628$1,967$274
45 years$18,493$10,887$6,139$3,350$1,786$236
46 years$17,887$10,386$5,766$3,095$1,621$203
47 years$17,308$9,911$5,417$2,859$1,472$175
48 years$16,754$9,462$5,091$2,642$1,337$150
49 years$16,225$9,035$4,785$2,442$1,214$129
50 years$15,719$8,631$4,499$2,257$1,103$111

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 $2,505 every year, while hoping to spend $26,923 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: 37/44/19 Blend
39$16,100,000$16,100,000$16,100,000$16,100,000
40$17,744,784$16,891,484$16,641,934$18,299,415
41$19,526,106$17,690,521$17,170,793$19,500,435
42$21,488,221$18,527,808$17,716,466$20,794,136
43$23,649,540$19,405,192$18,279,489$22,190,977
44$26,030,354$20,324,607$18,860,413$23,700,232
45$28,653,021$21,288,083$19,459,807$25,332,065
46$31,542,178$22,297,749$20,078,260$27,097,621
47$34,724,976$23,355,834$20,716,377$29,009,117
48$38,231,332$24,464,678$21,374,784$31,079,956
49$42,094,215$25,626,734$22,054,126$33,324,840
50$46,349,956$26,844,575$22,755,071$35,759,899
51$51,038,589$28,120,898$23,478,303$38,402,838
52$56,204,233$29,458,529$24,224,534$41,273,089
53$61,895,503$30,860,435$24,994,494$44,391,988
54$68,165,973$32,329,726$25,788,939$47,782,962
55$75,074,681$33,869,661$26,608,647$51,471,742
56$82,686,685$35,483,660$27,454,423$55,486,590
57$91,073,675$37,175,309$28,327,095$59,858,555
58$100,314,657$38,948,366$29,227,519$64,621,755
59$110,496,690$40,806,773$30,156,579$69,813,679
60$121,715,714$42,754,666$31,115,186$75,475,533
61$134,077,451$44,796,380$32,104,279$81,652,611
62$147,698,407$46,936,459$33,124,829$88,394,705
63$162,706,971$49,179,671$34,177,836$95,756,562
64$179,244,622$51,531,016$35,264,335$103,798,378
65$197,467,273$53,995,734$36,385,389$112,586,354
66$217,546,734$56,579,325$37,542,099$122,193,297
67$239,672,342$59,287,552$38,735,600$132,699,292
68$264,052,740$62,126,462$39,967,062$144,192,432
69$290,917,854$65,102,393$41,237,693$156,769,629
70$320,521,059$68,221,995$42,548,740$170,537,508
71$353,141,574$71,492,238$43,901,489$185,613,388
72$389,087,092$74,920,436$45,297,267$202,126,365
73$428,696,694$78,514,256$46,737,444$220,218,503
74$472,344,040$82,281,738$48,223,432$240,046,147
75$520,440,905$86,231,316$49,756,690$261,781,373
76$573,441,060$90,371,833$51,338,721$285,613,579
77$631,844,559$94,712,564$52,971,079$311,751,243
78$696,202,459$99,263,234$54,655,365$340,423,856
79$767,122,022$104,034,045$56,393,232$371,884,057
80$845,272,448$109,035,693$58,186,385$406,409,977
81$931,391,193$114,279,398$60,036,585$444,307,832
82$1,026,290,931$119,776,923$61,945,646$485,914,766
83$1,130,867,223$125,540,610$63,915,442$531,602,001
84$1,246,106,977$131,583,397$65,947,907$581,778,290
85$1,373,097,762$137,918,858$68,045,035$636,893,736
86$1,513,038,076$144,561,223$70,208,886$697,443,986
87$1,667,248,658$151,525,421$72,441,582$763,974,866
88$1,837,184,961$158,827,107$74,745,315$837,087,480
89$2,024,450,891$166,482,699$77,122,347$917,443,826
90$2,230,813,947$174,509,417$79,575,011$1,005,772,990
91$2,458,221,911$182,925,320$82,105,715$1,102,877,970
92$2,708,821,232$191,749,347$84,716,943$1,209,643,188
93$2,984,977,296$201,001,363$87,411,259$1,327,042,780
94$3,289,296,752$210,702,202$90,191,307$1,456,149,715
95$3,624,652,123$220,873,712$93,059,819$1,598,145,859
96$3,994,208,926$231,538,810$96,019,609$1,754,333,048
97$4,401,455,555$242,721,530$99,073,584$1,926,145,304
98$4,850,236,215$254,447,079$102,224,743$2,115,162,289
99$5,344,787,217$266,741,893$105,476,180$2,323,124,124
100$5,889,776,969$279,633,702$108,831,087$2,551,947,733