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%12%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,288,894
2 years$666,356$653,946$641,918$630,257$618,945$607,969
3 years$439,824$427,361$415,363$403,811$392,684$381,963
4 years$326,581$314,155$302,278$290,923$280,066$269,681
5 years$258,653$246,302$234,580$223,457$212,901$202,885
6 years$213,382$201,124$189,576$178,700$168,462$158,825
7 years$181,058$168,903$157,538$146,919$137,004$127,752
8 years$156,827$144,781$133,605$123,247$113,658$104,791
9 years$137,990$126,058$115,074$104,979$95,717$87,231
10 years$122,929$111,114$100,324$90,493$81,556$73,447
11 years$110,615$98,918$88,324$78,756$70,140$62,402
12 years$100,360$88,784$78,385$69,080$60,782$53,408
13 years$91,690$80,235$70,032$60,987$53,003$45,984
14 years$84,265$72,931$62,924$54,137$46,462$39,790
15 years$77,835$66,624$56,812$48,281$40,909$34,574
16 years$72,215$61,126$51,508$43,230$36,156$30,147
17 years$67,261$56,295$46,870$38,842$32,058$26,367
18 years$62,863$52,019$42,787$35,005$28,505$23,119
19 years$58,932$48,211$39,169$31,630$25,407$20,317
20 years$55,399$44,800$35,948$28,647$22,694$17,888
21 years$52,206$41,729$33,065$25,999$20,308$15,776
22 years$49,307$38,953$30,474$23,639$18,204$13,934
23 years$46,665$36,432$28,138$21,528$16,341$12,322
24 years$44,246$34,134$26,023$19,635$14,687$10,908
25 years$42,024$32,033$24,102$17,932$13,216$9,667
26 years$39,976$30,106$22,353$16,396$11,905$8,574
27 years$38,084$28,333$20,757$15,008$10,733$7,610
28 years$36,329$26,698$19,296$13,750$9,685$6,759
29 years$34,699$25,187$17,957$12,609$8,745$6,007
30 years$33,180$23,786$16,726$11,572$7,902$5,341
31 years$31,762$22,486$15,593$10,628$7,144$4,751
32 years$30,435$21,276$14,549$9,768$6,462$4,228
33 years$29,191$20,149$13,584$8,982$5,848$3,764
34 years$28,023$19,097$12,692$8,264$5,295$3,352
35 years$26,924$18,113$11,867$7,608$4,796$2,986
36 years$25,888$17,192$11,101$7,007$4,345$2,660
37 years$24,911$16,328$10,390$6,456$3,938$2,371
38 years$23,987$15,518$9,730$5,950$3,570$2,114
39 years$23,113$14,756$9,116$5,486$3,238$1,884
40 years$22,285$14,039$8,544$5,060$2,937$1,680
41 years$21,499$13,364$8,012$4,669$2,664$1,498
42 years$20,752$12,727$7,515$4,309$2,418$1,337
43 years$20,042$12,126$7,052$3,978$2,194$1,192
44 years$19,367$11,559$6,620$3,673$1,992$1,064
45 years$18,723$11,023$6,216$3,392$1,808$949
46 years$18,109$10,515$5,838$3,133$1,642$847
47 years$17,523$10,035$5,485$2,895$1,491$756
48 years$16,963$9,579$5,154$2,675$1,354$674
49 years$16,427$9,148$4,845$2,472$1,229$602
50 years$15,914$8,738$4,555$2,285$1,117$537

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 $3,722 every year, while hoping to spend $44,369 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: 64/25/11 Blend
39$16,300,000$16,300,000$16,300,000$16,300,000
40$17,966,439$17,102,539$16,849,889$19,071,779
41$19,751,808$17,893,355$17,367,152$20,601,306
42$21,717,797$18,721,434$17,900,257$22,265,769
43$23,882,783$19,588,556$18,449,686$24,082,680
44$26,267,015$20,496,583$19,015,939$26,066,864
45$28,892,807$21,447,472$19,599,529$28,234,632
46$31,784,747$22,443,272$20,200,987$30,603,920
47$34,969,927$23,486,128$20,820,856$33,194,465
48$38,478,205$24,578,294$21,459,700$36,027,976
49$42,342,480$25,722,128$22,118,098$39,128,342
50$46,599,005$26,920,104$22,796,646$42,521,849
51$51,287,729$28,174,815$23,495,960$46,237,421
52$56,452,676$29,488,979$24,216,672$50,306,893
53$62,142,355$30,865,446$24,959,438$54,765,300
54$68,410,225$32,307,202$25,724,928$59,651,203
55$75,315,191$33,817,378$26,513,836$65,007,049
56$82,922,168$35,399,258$27,326,878$70,879,563
57$91,302,690$37,056,281$28,164,788$77,320,182
58$100,535,581$38,792,057$29,028,326$84,385,533
59$110,707,709$40,610,365$29,918,273$92,137,960
60$121,914,794$42,515,173$30,835,434$100,646,108
61$134,262,322$44,510,635$31,780,640$109,985,555
62$147,866,532$46,601,109$32,754,745$120,239,525
63$162,855,519$48,791,165$33,758,630$131,499,659
64$179,370,442$51,085,591$34,793,203$143,866,871
65$197,566,851$53,489,409$35,859,400$157,452,293
66$217,616,164$56,007,884$36,958,184$172,378,312
67$239,707,278$58,646,536$38,090,548$188,779,714
68$264,048,355$61,411,151$39,257,516$206,804,946
69$290,868,786$64,307,796$40,460,142$226,617,505
70$320,421,357$67,342,833$41,699,512$248,397,466
71$352,984,635$70,522,932$42,976,745$272,343,175
72$388,865,597$73,855,085$44,292,995$298,673,101
73$428,402,528$77,346,624$45,649,451$327,627,888
74$471,968,214$81,005,236$47,047,335$359,472,611
75$519,973,462$84,838,983$48,487,911$394,499,260
76$572,870,976$88,856,314$49,972,477$433,029,483
77$631,159,634$93,066,092$51,502,373$475,417,606
78$695,389,193$97,477,606$53,078,979$522,053,954
79$766,165,482$102,100,601$54,703,717$573,368,525
80$844,156,121$106,945,290$56,378,050$629,835,021
81$930,096,820$112,022,384$58,103,490$691,975,307
82$1,024,798,328$117,343,113$59,881,590$760,364,309
83$1,129,154,087$122,919,256$61,713,953$835,635,425
84$1,244,148,663$128,763,158$63,602,229$918,486,476
85$1,370,867,043$134,887,769$65,548,120$1,009,686,271
86$1,510,504,877$141,306,665$67,553,377$1,110,081,838
87$1,664,379,765$148,034,083$69,619,807$1,220,606,394
88$1,833,943,699$155,084,951$71,749,268$1,342,288,127
89$2,020,796,767$162,474,923$73,943,678$1,476,259,869
90$2,226,702,257$170,220,415$76,205,012$1,623,769,763
91$2,453,603,311$178,338,639$78,535,303$1,786,193,013
92$2,703,641,261$186,847,644$80,936,648$1,965,044,832
93$2,979,175,849$195,766,359$83,411,206$2,161,994,707
94$3,282,807,506$205,114,630$85,961,201$2,378,882,128
95$3,617,401,897$214,913,273$88,588,927$2,617,733,912
96$3,986,116,979$225,184,111$91,296,745$2,880,783,295
97$4,392,432,812$235,950,034$94,087,087$3,170,490,974
98$4,840,184,415$247,235,042$96,962,460$3,489,568,290
99$5,333,597,970$259,064,303$99,925,447$3,841,002,781
100$5,877,330,722$271,464,213$102,978,709$4,228,086,333