Can I retire at age 40 with 16,300,000?

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,256,669
2 years$666,356$653,946$641,918$630,257$618,945$575,925
3 years$439,824$427,361$415,363$403,811$392,684$351,111
4 years$326,581$314,155$302,278$290,923$280,066$240,257
5 years$258,653$246,302$234,580$223,457$212,901$174,963
6 years$213,382$201,124$189,576$178,700$168,462$132,425
7 years$181,058$168,903$157,538$146,919$137,004$102,864
8 years$156,827$144,781$133,605$123,247$113,658$81,389
9 years$137,990$126,058$115,074$104,979$95,717$65,280
10 years$122,929$111,114$100,324$90,493$81,556$52,904
11 years$110,615$98,918$88,324$78,756$70,140$43,218
12 years$100,360$88,784$78,385$69,080$60,782$35,530
13 years$91,690$80,235$70,032$60,987$53,003$29,357
14 years$84,265$72,931$62,924$54,137$46,462$24,355
15 years$77,835$66,624$56,812$48,281$40,909$20,273
16 years$72,215$61,126$51,508$43,230$36,156$16,920
17 years$67,261$56,295$46,870$38,842$32,058$14,154
18 years$62,863$52,019$42,787$35,005$28,505$11,861
19 years$58,932$48,211$39,169$31,630$25,407$9,956
20 years$55,399$44,800$35,948$28,647$22,694$8,367
21 years$52,206$41,729$33,065$25,999$20,308$7,039
22 years$49,307$38,953$30,474$23,639$18,204$5,927
23 years$46,665$36,432$28,138$21,528$16,341$4,994
24 years$44,246$34,134$26,023$19,635$14,687$4,211
25 years$42,024$32,033$24,102$17,932$13,216$3,553
26 years$39,976$30,106$22,353$16,396$11,905$2,998
27 years$38,084$28,333$20,757$15,008$10,733$2,532
28 years$36,329$26,698$19,296$13,750$9,685$2,138
29 years$34,699$25,187$17,957$12,609$8,745$1,806
30 years$33,180$23,786$16,726$11,572$7,902$1,526
31 years$31,762$22,486$15,593$10,628$7,144$1,290
32 years$30,435$21,276$14,549$9,768$6,462$1,090
33 years$29,191$20,149$13,584$8,982$5,848$922
34 years$28,023$19,097$12,692$8,264$5,295$779
35 years$26,924$18,113$11,867$7,608$4,796$659
36 years$25,888$17,192$11,101$7,007$4,345$557
37 years$24,911$16,328$10,390$6,456$3,938$471
38 years$23,987$15,518$9,730$5,950$3,570$399
39 years$23,113$14,756$9,116$5,486$3,238$337
40 years$22,285$14,039$8,544$5,060$2,937$285
41 years$21,499$13,364$8,012$4,669$2,664$241
42 years$20,752$12,727$7,515$4,309$2,418$204
43 years$20,042$12,126$7,052$3,978$2,194$173
44 years$19,367$11,559$6,620$3,673$1,992$146
45 years$18,723$11,023$6,216$3,392$1,808$124
46 years$18,109$10,515$5,838$3,133$1,642$104
47 years$17,523$10,035$5,485$2,895$1,491$88
48 years$16,963$9,579$5,154$2,675$1,354$75
49 years$16,427$9,148$4,845$2,472$1,229$63
50 years$15,914$8,738$4,555$2,285$1,117$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $16,300,000, adding $2,906 every year, while hoping to spend $28,416 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: 58/24/18 Blend
39$16,300,000$16,300,000$16,300,000$16,300,000
40$17,965,598$17,101,698$16,849,048$18,922,612
41$19,767,854$17,909,446$17,383,256$20,379,838
42$21,752,988$18,755,822$17,934,409$21,964,344
43$23,939,624$19,642,689$18,503,042$23,691,090
44$26,348,283$20,571,998$19,089,711$25,573,787
45$29,001,580$21,545,798$19,694,989$27,627,513
46$31,924,436$22,566,236$20,319,465$29,868,845
47$35,144,310$23,635,564$20,963,749$32,316,015
48$38,691,464$24,756,141$21,628,470$34,989,077
49$42,599,245$25,930,443$22,314,275$37,910,088
50$46,904,399$27,161,066$23,021,834$41,103,313
51$51,647,420$28,450,730$23,751,837$44,595,447
52$56,872,930$29,802,289$24,504,997$48,415,863
53$62,630,102$31,218,735$25,282,048$52,596,880
54$68,973,124$32,703,205$26,083,748$57,174,062
55$75,961,709$34,258,988$26,910,880$62,186,552
56$83,661,660$35,889,535$27,764,251$67,677,424
57$92,145,489$37,598,462$28,644,693$73,694,093
58$101,493,104$39,389,562$29,553,066$80,288,747
59$111,792,563$41,266,812$30,490,255$87,518,835
60$123,140,902$43,234,383$31,457,176$95,447,600
61$135,645,054$45,296,649$32,454,772$104,144,665
62$149,422,860$47,458,194$33,484,017$113,686,684
63$164,604,174$49,723,829$34,545,915$124,158,055
64$181,332,099$52,098,595$35,641,502$135,651,703
65$199,764,328$54,587,781$36,771,847$148,269,952
66$220,074,640$57,196,933$37,938,054$162,125,475
67$242,454,536$59,931,865$39,141,262$177,342,347
68$267,115,048$62,798,676$40,382,643$194,057,207
69$294,288,732$65,803,760$41,663,411$212,420,529
70$324,231,862$68,953,824$42,984,814$232,598,035
71$357,226,850$72,255,899$44,348,144$254,772,243
72$393,584,912$75,717,362$45,754,730$279,144,173
73$433,649,006$79,345,945$47,205,946$305,935,232
74$477,797,067$83,149,760$48,703,209$335,389,289
75$526,445,581$87,137,311$50,247,979$367,774,957
76$580,053,509$91,317,518$51,841,765$403,388,112
77$639,126,626$95,699,736$53,486,124$442,554,669
78$704,222,293$100,293,773$55,182,659$485,633,641
79$775,954,717$105,109,918$56,933,028$533,020,501
80$855,000,753$110,158,959$58,738,940$585,150,904
81$942,106,293$115,452,211$60,602,157$642,504,770
82$1,038,093,305$121,001,539$62,524,500$705,610,794
83$1,143,867,595$126,819,388$64,507,844$775,051,414
84$1,260,427,359$132,918,808$66,554,126$851,468,283
85$1,388,872,605$139,313,485$68,665,345$935,568,298
86$1,530,415,539$146,017,774$70,843,562$1,028,130,252
87$1,686,392,006$153,046,727$73,090,904$1,130,012,149
88$1,858,274,107$160,416,133$75,409,565$1,242,159,280
89$2,047,684,091$168,142,548$77,801,810$1,365,613,111
90$2,256,409,673$176,243,337$80,269,975$1,501,521,087
91$2,486,420,911$184,736,712$82,816,471$1,651,147,421
92$2,739,888,805$193,641,772$85,443,784$1,815,885,003
93$3,019,205,792$202,978,548$88,154,480$1,997,268,502
94$3,327,008,335$212,768,049$90,951,207$2,196,988,823
95$3,666,201,808$223,032,307$93,836,696$2,416,909,020
96$4,039,987,933$233,794,430$96,813,765$2,659,081,847
97$4,451,894,999$245,078,654$99,885,323$2,925,769,089
98$4,905,811,177$256,910,396$103,054,370$3,219,462,866
99$5,406,021,226$269,316,315$106,324,000$3,542,909,114
100$5,957,246,946$282,324,369$109,697,408$3,899,133,451