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%13%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,275,668
2 years$662,268$649,934$637,980$626,390$615,148$598,905
3 years$437,126$424,739$412,815$401,334$390,275$374,437
4 years$324,577$312,228$300,424$289,139$278,348$263,035
5 years$257,066$244,791$233,141$222,086$211,595$196,854
6 years$212,073$199,890$188,413$177,604$167,428$153,276
7 years$179,948$167,867$156,572$146,018$136,164$122,606
8 years$155,865$143,893$132,785$122,491$112,961$99,995
9 years$137,143$125,285$114,368$104,335$95,130$82,751
10 years$122,175$110,433$99,709$89,938$81,055$69,255
11 years$109,936$98,312$87,782$78,273$69,710$58,478
12 years$99,744$88,239$77,904$68,656$60,409$49,733
13 years$91,127$79,742$69,602$60,613$52,678$42,544
14 years$83,748$72,484$62,538$53,805$46,177$36,570
15 years$77,358$66,215$56,463$47,985$40,658$31,562
16 years$71,772$60,751$51,192$42,965$35,934$27,333
17 years$66,849$55,950$46,583$38,604$31,861$23,738
18 years$62,477$51,700$42,524$34,790$28,330$20,667
19 years$58,570$47,915$38,929$31,436$25,251$18,031
20 years$55,059$44,525$35,727$28,471$22,555$15,759
21 years$51,886$41,473$32,862$25,839$20,184$13,795
22 years$49,005$38,714$30,287$23,494$18,092$12,093
23 years$46,378$36,208$27,965$21,396$16,240$10,612
24 years$43,974$33,925$25,863$19,515$14,597$9,323
25 years$41,766$31,837$23,954$17,822$13,135$8,197
26 years$39,731$29,921$22,216$16,295$11,832$7,213
27 years$37,850$28,159$20,630$14,916$10,667$6,352
28 years$36,106$26,534$19,178$13,666$9,625$5,596
29 years$34,486$25,032$17,847$12,532$8,691$4,933
30 years$32,976$23,640$16,624$11,501$7,853$4,351
31 years$31,567$22,348$15,498$10,563$7,100$3,839
32 years$30,248$21,146$14,460$9,708$6,423$3,388
33 years$29,012$20,025$13,501$8,927$5,812$2,991
34 years$27,851$18,979$12,615$8,214$5,262$2,642
35 years$26,759$18,002$11,794$7,561$4,766$2,333
36 years$25,729$17,086$11,033$6,964$4,319$2,062
37 years$24,758$16,228$10,327$6,416$3,914$1,822
38 years$23,840$15,422$9,670$5,914$3,549$1,610
39 years$22,971$14,665$9,060$5,453$3,218$1,423
40 years$22,148$13,953$8,492$5,029$2,919$1,258
41 years$21,367$13,282$7,963$4,640$2,648$1,113
42 years$20,625$12,649$7,469$4,282$2,403$984
43 years$19,919$12,052$7,009$3,953$2,181$870
44 years$19,248$11,488$6,579$3,650$1,979$770
45 years$18,608$10,955$6,178$3,371$1,797$681
46 years$17,998$10,451$5,802$3,114$1,631$602
47 years$17,415$9,973$5,451$2,877$1,481$533
48 years$16,858$9,521$5,122$2,658$1,345$471
49 years$16,326$9,092$4,815$2,457$1,222$417
50 years$15,817$8,685$4,527$2,271$1,110$369

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 $4,677 every year, while hoping to spend $36,662 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: 87/6/7 Blend
39$16,200,000$16,200,000$16,200,000$16,200,000
40$17,857,224$16,998,624$16,747,524$19,401,475
41$19,639,653$17,792,549$17,269,558$21,202,218
42$21,602,661$18,624,147$17,807,852$23,175,631
43$23,764,628$19,495,226$18,362,910$25,343,496
44$26,145,808$20,407,680$18,935,256$27,725,388
45$28,768,521$21,363,496$19,525,427$30,342,869
46$31,657,358$22,364,756$20,133,978$33,219,689
47$34,839,423$23,413,643$20,761,480$36,382,010
48$38,344,578$24,512,445$21,408,523$39,858,650
49$42,205,732$25,663,562$22,075,716$43,681,356
50$46,459,149$26,869,509$22,763,684$47,885,098
51$51,144,790$28,132,923$23,473,076$52,508,403
52$56,306,691$29,456,569$24,204,556$57,593,711
53$61,993,377$30,843,345$24,958,813$63,187,777
54$68,258,323$32,296,290$25,736,554$69,342,113
55$75,160,454$33,818,590$26,538,511$76,113,466
56$82,764,706$35,413,587$27,365,437$83,564,358
57$91,142,635$37,084,781$28,218,108$91,763,669
58$100,373,094$38,835,846$29,097,325$100,787,289
59$110,542,979$40,670,632$30,003,914$110,718,828
60$121,748,044$42,593,174$30,938,727$121,650,408
61$134,093,811$44,607,706$31,902,641$133,683,526
62$147,696,561$46,718,665$32,896,561$146,930,010
63$162,684,435$48,930,704$33,921,420$161,513,075
64$179,198,641$51,248,703$34,978,182$177,568,480
65$197,394,789$53,677,775$36,067,837$195,245,807
66$217,444,357$56,223,286$37,191,409$214,709,873
67$239,536,313$58,890,858$38,349,953$236,142,277
68$263,878,896$61,686,390$39,544,556$259,743,119
69$290,701,584$64,616,064$40,776,339$285,732,877
70$320,257,258$67,686,363$42,046,459$314,354,490
71$352,824,591$70,904,087$43,356,107$345,875,649
72$388,710,675$74,276,364$44,706,513$380,591,312
73$428,253,927$77,810,668$46,098,944$418,826,496
74$471,827,275$81,514,838$47,534,706$460,939,330
75$519,841,685$85,397,094$49,015,147$507,324,439
76$572,750,038$89,466,052$50,541,655$558,416,661
77$631,051,405$93,730,752$52,115,664$614,695,147
78$695,295,758$98,200,669$53,738,649$676,687,883
79$766,089,165$102,885,741$55,412,132$744,976,664
80$844,099,505$107,796,388$57,137,685$820,202,585
81$930,062,782$112,943,538$58,916,925$903,072,085
82$1,024,790,065$118,338,651$60,751,520$994,363,611
83$1,129,175,148$123,993,741$62,643,193$1,094,934,962
84$1,244,202,990$129,921,411$64,593,716$1,205,731,378
85$1,370,959,008$136,134,873$66,604,919$1,327,794,457
86$1,510,639,330$142,647,986$68,678,688$1,462,271,984
87$1,664,562,085$149,475,280$70,816,966$1,610,428,756
88$1,834,179,843$156,631,994$73,021,760$1,773,658,516
89$2,021,093,333$164,134,108$75,295,136$1,953,497,102
90$2,227,066,555$171,998,381$77,639,224$2,151,636,941
91$2,454,043,429$180,242,387$80,056,224$2,369,943,013
92$2,704,166,151$188,884,556$82,548,399$2,610,470,451
93$2,979,795,415$197,944,216$85,118,087$2,875,483,932
94$3,283,532,699$207,441,635$87,767,695$3,167,479,049
95$3,618,244,829$217,398,069$90,499,707$3,489,205,859
96$3,987,091,037$227,835,810$93,316,683$3,843,694,835
97$4,393,552,793$238,778,235$96,221,262$4,234,285,463
98$4,841,466,670$250,249,861$99,216,167$4,664,657,761
99$5,335,060,565$262,276,398$102,304,203$5,138,867,002
100$5,878,993,612$274,884,811$105,488,263$5,661,381,994