Can I retire at age 40 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,261,606
2 years$662,268$649,934$637,980$626,390$615,148$584,889
3 years$437,126$424,739$412,815$401,334$390,275$360,908
4 years$324,577$312,228$300,424$289,139$278,348$250,097
5 years$257,066$244,791$233,141$222,086$211,595$184,541
6 years$212,073$199,890$188,413$177,604$167,428$141,598
7 years$179,948$167,867$156,572$146,018$136,164$111,562
8 years$155,865$143,893$132,785$122,491$112,961$89,577
9 years$137,143$125,285$114,368$104,335$95,130$72,945
10 years$122,175$110,433$99,709$89,938$81,055$60,046
11 years$109,936$98,312$87,782$78,273$69,710$49,848
12 years$99,744$88,239$77,904$68,656$60,409$41,661
13 years$91,127$79,742$69,602$60,613$52,678$35,008
14 years$83,748$72,484$62,538$53,805$46,177$29,549
15 years$77,358$66,215$56,463$47,985$40,658$25,033
16 years$71,772$60,751$51,192$42,965$35,934$21,271
17 years$66,849$55,950$46,583$38,604$31,861$18,121
18 years$62,477$51,700$42,524$34,790$28,330$15,470
19 years$58,570$47,915$38,929$31,436$25,251$13,230
20 years$55,059$44,525$35,727$28,471$22,555$11,332
21 years$51,886$41,473$32,862$25,839$20,184$9,719
22 years$49,005$38,714$30,287$23,494$18,092$8,345
23 years$46,378$36,208$27,965$21,396$16,240$7,171
24 years$43,974$33,925$25,863$19,515$14,597$6,168
25 years$41,766$31,837$23,954$17,822$13,135$5,309
26 years$39,731$29,921$22,216$16,295$11,832$4,572
27 years$37,850$28,159$20,630$14,916$10,667$3,939
28 years$36,106$26,534$19,178$13,666$9,625$3,395
29 years$34,486$25,032$17,847$12,532$8,691$2,928
30 years$32,976$23,640$16,624$11,501$7,853$2,525
31 years$31,567$22,348$15,498$10,563$7,100$2,179
32 years$30,248$21,146$14,460$9,708$6,423$1,880
33 years$29,012$20,025$13,501$8,927$5,812$1,623
34 years$27,851$18,979$12,615$8,214$5,262$1,401
35 years$26,759$18,002$11,794$7,561$4,766$1,210
36 years$25,729$17,086$11,033$6,964$4,319$1,045
37 years$24,758$16,228$10,327$6,416$3,914$903
38 years$23,840$15,422$9,670$5,914$3,549$780
39 years$22,971$14,665$9,060$5,453$3,218$673
40 years$22,148$13,953$8,492$5,029$2,919$582
41 years$21,367$13,282$7,963$4,640$2,648$503
42 years$20,625$12,649$7,469$4,282$2,403$434
43 years$19,919$12,052$7,009$3,953$2,181$375
44 years$19,248$11,488$6,579$3,650$1,979$324
45 years$18,608$10,955$6,178$3,371$1,797$280
46 years$17,998$10,451$5,802$3,114$1,631$242
47 years$17,415$9,973$5,451$2,877$1,481$209
48 years$16,858$9,521$5,122$2,658$1,345$181
49 years$16,326$9,092$4,815$2,457$1,222$156
50 years$15,817$8,685$4,527$2,271$1,110$135

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $16,200,000, adding $2,521 every year, while hoping to spend $26,152 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: 49/28/23 Blend
39$16,200,000$16,200,000$16,200,000$16,200,000
40$17,855,000$16,996,400$16,745,300$18,613,782
41$19,648,385$17,801,399$17,278,442$19,947,521
42$21,623,818$18,644,965$17,828,568$21,392,818
43$23,799,841$19,528,962$18,396,219$22,962,472
44$26,196,887$20,455,343$18,981,954$24,668,224
45$28,837,468$21,426,154$19,586,348$26,522,968
46$31,746,397$22,443,542$20,209,998$28,540,874
47$34,951,013$23,509,759$20,853,517$30,737,513
48$38,481,444$24,627,165$21,517,537$33,129,996
49$42,370,890$25,798,235$22,202,713$35,737,133
50$46,655,936$27,025,564$22,909,720$38,579,603
51$51,376,898$28,311,873$23,639,252$41,680,139
52$56,578,203$29,660,016$24,392,028$45,063,740
53$62,308,809$31,072,986$25,168,790$48,757,898
54$68,622,664$32,553,919$25,970,301$52,792,847
55$75,579,221$34,106,106$26,797,351$57,201,845
56$83,243,994$35,732,997$27,650,755$62,021,474
57$91,689,177$37,438,210$28,531,351$67,291,981
58$100,994,330$39,225,539$29,440,008$73,057,647
59$111,247,123$41,098,962$30,377,620$79,367,193
60$122,544,170$43,062,651$31,345,110$86,274,234
61$134,991,935$45,120,981$32,343,431$93,837,769
62$148,707,742$47,278,539$33,373,566$102,122,734
63$163,820,881$49,540,137$34,436,529$111,200,594
64$180,473,825$51,910,818$35,533,368$121,150,016
65$198,823,582$54,395,874$36,665,162$132,057,588
66$219,043,168$57,000,853$37,833,025$144,018,634
67$241,323,249$59,731,572$39,038,110$157,138,089
68$265,873,935$62,594,134$40,281,601$171,531,484
69$292,926,765$65,594,936$41,564,724$187,326,017
70$322,736,896$68,740,689$42,888,743$204,661,737
71$355,585,506$72,038,429$44,254,962$223,692,852
72$391,782,451$75,495,535$45,664,727$244,589,167
73$431,669,193$79,119,748$47,119,427$267,537,667
74$475,622,017$82,919,182$48,620,494$292,744,263
75$524,055,590$86,902,350$50,169,408$320,435,718
76$577,426,872$91,078,176$51,767,695$350,861,767
77$636,239,429$95,456,023$53,416,929$384,297,449
78$701,048,190$100,045,708$55,118,735$421,045,685
79$772,464,684$104,857,525$56,874,791$461,440,111
80$851,162,811$109,902,274$58,686,826$505,848,202
81$937,885,209$115,191,277$60,556,627$554,674,720
82$1,033,450,262$120,736,410$62,486,035$608,365,500
83$1,138,759,824$126,550,130$64,476,952$667,411,637
84$1,254,807,736$132,645,497$66,531,340$732,354,088
85$1,382,689,210$139,036,210$68,651,225$803,788,752
86$1,523,611,163$145,736,638$70,838,695$882,372,055
87$1,678,903,616$152,761,848$73,095,906$968,827,122
88$1,850,032,249$160,127,643$75,425,083$1,063,950,560
89$2,038,612,238$167,850,597$77,828,522$1,168,619,947
90$2,246,423,501$175,948,091$80,308,593$1,283,802,071
91$2,475,427,507$184,438,356$82,867,739$1,410,562,023
92$2,727,785,789$193,340,512$85,508,485$1,550,073,203
93$3,005,880,353$202,674,611$88,233,432$1,703,628,355
94$3,312,336,165$212,461,683$91,045,269$1,872,651,725
95$3,650,045,935$222,723,787$93,946,766$2,058,712,456
96$4,022,197,423$233,484,055$96,940,786$2,263,539,350
97$4,432,303,538$244,766,751$100,030,279$2,489,037,135
98$4,884,235,498$256,597,321$103,218,293$2,737,304,392
99$5,382,259,383$269,002,454$106,507,970$3,010,653,305
100$5,931,076,409$282,010,143$109,902,556$3,311,631,429