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

Use the below retirement simulation to view the chances of a successful retirement.
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%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,288,356
2 years$666,356$653,946$641,918$630,257$618,945$607,429
3 years$439,824$427,361$415,363$403,811$392,684$381,437
4 years$326,581$314,155$302,278$290,923$280,066$269,174
5 years$258,653$246,302$234,580$223,457$212,901$202,397
6 years$213,382$201,124$189,576$178,700$168,462$158,358
7 years$181,058$168,903$157,538$146,919$137,004$127,306
8 years$156,827$144,781$133,605$123,247$113,658$104,365
9 years$137,990$126,058$115,074$104,979$95,717$86,826
10 years$122,929$111,114$100,324$90,493$81,556$73,062
11 years$110,615$98,918$88,324$78,756$70,140$62,037
12 years$100,360$88,784$78,385$69,080$60,782$53,062
13 years$91,690$80,235$70,032$60,987$53,003$45,657
14 years$84,265$72,931$62,924$54,137$46,462$39,481
15 years$77,835$66,624$56,812$48,281$40,909$34,282
16 years$72,215$61,126$51,508$43,230$36,156$29,872
17 years$67,261$56,295$46,870$38,842$32,058$26,108
18 years$62,863$52,019$42,787$35,005$28,505$22,876
19 years$58,932$48,211$39,169$31,630$25,407$20,089
20 years$55,399$44,800$35,948$28,647$22,694$17,675
21 years$52,206$41,729$33,065$25,999$20,308$15,576
22 years$49,307$38,953$30,474$23,639$18,204$13,747
23 years$46,665$36,432$28,138$21,528$16,341$12,147
24 years$44,246$34,134$26,023$19,635$14,687$10,746
25 years$42,024$32,033$24,102$17,932$13,216$9,515
26 years$39,976$30,106$22,353$16,396$11,905$8,432
27 years$38,084$28,333$20,757$15,008$10,733$7,479
28 years$36,329$26,698$19,296$13,750$9,685$6,637
29 years$34,699$25,187$17,957$12,609$8,745$5,894
30 years$33,180$23,786$16,726$11,572$7,902$5,236
31 years$31,762$22,486$15,593$10,628$7,144$4,654
32 years$30,435$21,276$14,549$9,768$6,462$4,138
33 years$29,191$20,149$13,584$8,982$5,848$3,681
34 years$28,023$19,097$12,692$8,264$5,295$3,275
35 years$26,924$18,113$11,867$7,608$4,796$2,915
36 years$25,888$17,192$11,101$7,007$4,345$2,595
37 years$24,911$16,328$10,390$6,456$3,938$2,311
38 years$23,987$15,518$9,730$5,950$3,570$2,058
39 years$23,113$14,756$9,116$5,486$3,238$1,833
40 years$22,285$14,039$8,544$5,060$2,937$1,634
41 years$21,499$13,364$8,012$4,669$2,664$1,456
42 years$20,752$12,727$7,515$4,309$2,418$1,297
43 years$20,042$12,126$7,052$3,978$2,194$1,156
44 years$19,367$11,559$6,620$3,673$1,992$1,030
45 years$18,723$11,023$6,216$3,392$1,808$919
46 years$18,109$10,515$5,838$3,133$1,642$819
47 years$17,523$10,035$5,485$2,895$1,491$730
48 years$16,963$9,579$5,154$2,675$1,354$651
49 years$16,427$9,148$4,845$2,472$1,229$580
50 years$15,914$8,738$4,555$2,285$1,117$518

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 $3,858 every year, while hoping to spend $41,838 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: 52/26/22 Blend
39$16,300,000$16,300,000$16,300,000$16,300,000
40$17,966,580$17,102,680$16,850,030$18,791,054
41$19,754,655$17,896,196$17,369,990$20,153,887
42$21,723,713$18,727,192$17,905,967$21,630,849
43$23,892,167$19,597,460$18,458,453$23,236,542
44$26,280,313$20,508,880$19,027,956$24,983,222
45$28,910,510$21,463,420$19,614,997$26,884,360
46$31,807,399$22,463,145$20,220,117$28,954,761
47$34,998,134$23,510,219$20,843,872$31,210,701
48$38,512,635$24,606,911$21,486,832$33,670,076
49$42,383,873$25,755,599$22,149,590$36,352,562
50$46,648,180$26,958,775$22,832,753$39,279,797
51$51,345,592$28,219,054$23,536,949$42,475,579
52$56,520,229$29,539,173$24,262,823$45,966,084
53$62,220,706$30,922,007$25,011,041$49,780,106
54$68,500,597$32,370,564$25,782,290$53,949,323
55$75,418,939$33,888,002$26,577,278$58,508,585
56$83,040,787$35,477,631$27,396,733$63,496,242
57$91,437,830$37,142,918$28,241,406$68,954,491
58$100,689,069$38,887,501$29,112,073$74,929,770
59$110,881,558$40,715,193$30,009,532$81,473,188
60$122,111,231$42,629,991$30,934,605$88,640,995
61$134,483,802$44,636,086$31,888,141$96,495,106
62$148,115,769$46,737,873$32,871,012$105,103,675
63$163,135,506$48,939,958$33,884,120$114,541,729
64$179,684,483$51,247,171$34,928,393$124,891,863
65$197,918,593$53,664,575$36,004,787$136,245,010
66$218,009,631$56,197,481$37,114,289$148,701,287
67$240,146,910$58,851,454$38,257,914$162,370,926
68$264,539,051$61,632,332$39,436,711$177,375,308
69$291,415,951$64,546,232$40,651,757$193,848,086
70$321,030,953$67,599,573$41,904,166$211,936,439
71$353,663,238$70,799,080$43,195,083$231,802,446
72$389,620,461$74,151,807$44,525,691$253,624,596
73$429,241,653$77,665,151$45,897,206$277,599,463
74$472,900,423$81,346,865$47,310,885$303,943,540
75$521,008,487$85,205,081$48,768,019$332,895,269
76$574,019,547$89,248,325$50,269,943$364,717,268
77$632,433,584$93,485,536$51,818,029$399,698,796
78$696,801,570$97,926,088$53,413,693$438,158,463
79$767,730,672$102,579,809$55,058,395$480,447,210
80$845,889,987$107,457,005$56,753,637$526,951,611
81$932,016,851$112,568,484$58,500,970$578,097,489
82$1,026,923,808$117,925,578$60,301,990$634,353,918
83$1,131,506,273$123,540,167$62,158,343$696,237,621
84$1,246,750,990$129,424,714$64,071,725$764,317,829
85$1,373,745,348$135,592,281$66,043,885$839,221,617
86$1,513,687,642$142,056,571$68,076,623$921,639,805
87$1,667,898,388$148,831,950$70,171,797$1,012,333,442
88$1,837,832,791$155,933,483$72,331,319$1,112,140,961
89$2,025,094,478$163,376,966$74,557,161$1,221,986,065
90$2,231,450,645$171,178,967$76,851,355$1,342,886,405
91$2,458,848,730$179,356,856$79,215,996$1,475,963,159
92$2,709,434,810$187,928,851$81,653,240$1,622,451,572
93$2,985,573,850$196,914,054$84,165,313$1,783,712,580
94$3,289,872,037$206,332,498$86,754,506$1,961,245,619
95$3,625,201,384$216,205,189$89,423,181$2,156,702,734
96$3,994,726,840$226,554,158$92,173,773$2,371,904,128
97$4,401,936,172$237,402,507$95,008,789$2,608,855,305
98$4,850,672,893$248,774,461$97,930,814$2,869,765,946
99$5,345,172,545$260,695,426$100,942,513$3,157,070,721
100$5,890,102,689$273,192,046$104,046,632$3,473,452,222