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%19.8%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,241,047
2 years$662,268$649,934$637,980$626,390$615,148$564,625
3 years$437,126$424,739$412,815$401,334$390,275$341,585
4 years$324,577$312,228$300,424$289,139$278,348$231,860
5 years$257,066$244,791$233,141$222,086$211,595$167,429
6 years$212,073$199,890$188,413$177,604$167,428$125,611
7 years$179,948$167,867$156,572$146,018$136,164$96,683
8 years$155,865$143,893$132,785$122,491$112,961$75,776
9 years$137,143$125,285$114,368$104,335$95,130$60,185
10 years$122,175$110,433$99,709$89,938$81,055$48,283
11 years$109,936$98,312$87,782$78,273$69,710$39,035
12 years$99,744$88,239$77,904$68,656$60,409$31,750
13 years$91,127$79,742$69,602$60,613$52,678$25,948
14 years$83,748$72,484$62,538$53,805$46,177$21,288
15 years$77,358$66,215$56,463$47,985$40,658$17,519
16 years$71,772$60,751$51,192$42,965$35,934$14,453
17 years$66,849$55,950$46,583$38,604$31,861$11,948
18 years$62,477$51,700$42,524$34,790$28,330$9,894
19 years$58,570$47,915$38,929$31,436$25,251$8,204
20 years$55,059$44,525$35,727$28,471$22,555$6,811
21 years$51,886$41,473$32,862$25,839$20,184$5,659
22 years$49,005$38,714$30,287$23,494$18,092$4,706
23 years$46,378$36,208$27,965$21,396$16,240$3,916
24 years$43,974$33,925$25,863$19,515$14,597$3,260
25 years$41,766$31,837$23,954$17,822$13,135$2,715
26 years$39,731$29,921$22,216$16,295$11,832$2,262
27 years$37,850$28,159$20,630$14,916$10,667$1,886
28 years$36,106$26,534$19,178$13,666$9,625$1,572
29 years$34,486$25,032$17,847$12,532$8,691$1,311
30 years$32,976$23,640$16,624$11,501$7,853$1,093
31 years$31,567$22,348$15,498$10,563$7,100$912
32 years$30,248$21,146$14,460$9,708$6,423$761
33 years$29,012$20,025$13,501$8,927$5,812$635
34 years$27,851$18,979$12,615$8,214$5,262$529
35 years$26,759$18,002$11,794$7,561$4,766$442
36 years$25,729$17,086$11,033$6,964$4,319$369
37 years$24,758$16,228$10,327$6,416$3,914$308
38 years$23,840$15,422$9,670$5,914$3,549$257
39 years$22,971$14,665$9,060$5,453$3,218$214
40 years$22,148$13,953$8,492$5,029$2,919$179
41 years$21,367$13,282$7,963$4,640$2,648$149
42 years$20,625$12,649$7,469$4,282$2,403$125
43 years$19,919$12,052$7,009$3,953$2,181$104
44 years$19,248$11,488$6,579$3,650$1,979$87
45 years$18,608$10,955$6,178$3,371$1,797$72
46 years$17,998$10,451$5,802$3,114$1,631$60
47 years$17,415$9,973$5,451$2,877$1,481$50
48 years$16,858$9,521$5,122$2,658$1,345$42
49 years$16,326$9,092$4,815$2,457$1,222$35
50 years$15,817$8,685$4,527$2,271$1,110$29

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 $5,335 every year, while hoping to spend $57,802 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: 61/9/30 Blend
39$16,200,000$16,200,000$16,200,000$16,200,000
40$17,857,903$16,999,303$16,748,203$18,801,702
41$19,617,908$17,770,768$17,247,767$20,217,675
42$21,555,497$18,578,097$17,762,129$21,756,007
43$23,688,721$19,422,988$18,291,724$23,434,123
44$26,037,473$20,307,217$18,836,999$25,265,702
45$28,623,671$21,232,646$19,398,414$27,265,796
46$31,471,469$22,201,229$19,976,444$29,450,972
47$34,607,479$23,215,010$20,571,576$31,839,466
48$38,061,029$24,276,133$21,184,311$34,451,350
49$41,864,434$25,386,843$21,815,166$37,308,718
50$46,053,304$26,549,496$22,464,671$40,435,896
51$50,666,877$27,766,558$23,133,374$43,859,662
52$55,748,394$29,040,614$23,821,837$47,609,503
53$61,345,500$30,374,373$24,530,638$51,717,883
54$67,510,700$31,770,677$25,260,373$56,220,548
55$74,301,851$33,232,500$26,011,655$61,156,864
56$81,782,708$34,762,961$26,785,115$66,570,178
57$90,023,529$36,365,330$27,581,401$72,508,227
58$99,101,731$38,043,034$28,401,180$79,023,584
59$109,102,628$39,799,663$29,245,139$86,174,152
60$120,120,230$41,638,981$30,113,986$94,023,700
61$132,258,136$43,564,933$31,008,447$102,642,467
62$145,630,506$45,581,654$31,929,269$112,107,818
63$160,363,141$47,693,480$32,877,224$122,504,966
64$176,594,673$49,904,951$33,853,102$133,927,776
65$194,477,868$52,220,832$34,857,719$146,479,644
66$214,181,070$54,646,112$35,891,913$160,274,466
67$235,889,792$57,186,025$36,956,545$175,437,708
68$259,808,465$59,846,055$38,052,503$192,107,586
69$286,162,367$62,631,950$39,180,701$210,436,363
70$315,199,750$65,549,737$40,342,076$230,591,780
71$347,194,185$68,605,734$41,537,595$252,758,631
72$382,447,139$71,806,563$42,768,252$277,140,504
73$421,290,828$75,159,165$44,035,070$303,961,693
74$464,091,347$78,670,818$45,339,099$333,469,308
75$511,252,127$82,349,152$46,681,422$365,935,600
76$563,217,747$86,202,162$48,063,152$401,660,523
77$620,478,123$90,238,234$49,485,434$440,974,557
78$683,573,141$94,466,157$50,949,445$484,241,819
79$753,097,748$98,895,145$52,456,398$531,863,490
80$829,707,569$103,534,858$54,007,538$584,281,593
81$914,125,098$108,395,424$55,604,148$641,983,157
82$1,007,146,517$113,487,458$57,247,546$705,504,803
83$1,109,649,212$118,822,094$58,939,088$775,437,800
84$1,222,600,054$124,410,999$60,680,170$852,433,633
85$1,347,064,531$130,266,410$62,472,228$937,210,144
86$1,484,216,802$136,401,152$64,316,736$1,030,558,296
87$1,635,350,782$142,828,675$66,215,213$1,133,349,625
88$1,801,892,361$149,563,079$68,169,221$1,246,544,459
89$1,985,412,858$156,619,146$70,180,366$1,371,200,964
90$2,187,643,861$164,012,376$72,250,300$1,508,485,126
91$2,410,493,571$171,759,019$74,380,722$1,659,681,735
92$2,656,064,819$179,876,114$76,573,379$1,826,206,507
93$2,926,674,911$188,381,525$78,830,069$2,009,619,429
94$3,224,877,515$197,293,982$81,152,639$2,211,639,466
95$3,553,486,760$206,633,126$83,542,991$2,434,160,779
96$3,915,603,808$216,419,548$86,003,080$2,679,270,580
97$4,314,646,129$226,674,838$88,534,915$2,949,268,825
98$4,754,379,765$237,421,635$91,140,565$3,246,689,900
99$5,238,954,883$248,683,677$93,822,156$3,574,326,532
100$5,772,944,957$260,485,854$96,581,874$3,935,256,132