Can I retire at age 40 with 16,400,000?

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,287,685
2 years$670,444$657,958$645,856$634,123$622,742$602,567
3 years$442,523$429,982$417,912$406,289$395,093$375,444
4 years$328,585$316,083$304,133$292,708$281,784$262,812
5 years$260,239$247,813$236,019$224,828$214,208$195,968
6 years$214,691$202,358$190,739$179,797$169,495$152,009
7 years$182,169$169,940$158,505$147,821$137,845$121,118
8 years$157,789$145,670$134,425$124,003$114,356$98,385
9 years$138,836$126,832$115,780$105,623$96,304$81,082
10 years$123,683$111,796$100,940$91,048$82,056$67,570
11 years$111,293$99,525$88,866$79,239$70,571$56,807
12 years$100,976$89,329$78,866$69,503$61,155$48,096
13 years$92,252$80,727$70,462$61,361$53,328$40,955
14 years$84,782$73,379$63,310$54,470$46,747$35,040
15 years$78,313$67,033$57,160$48,577$41,160$30,098
16 years$72,658$61,501$51,824$43,496$36,377$25,938
17 years$67,674$56,640$47,158$39,081$32,255$22,416
18 years$63,249$52,338$43,049$35,219$28,679$19,417
19 years$59,294$48,506$39,409$31,824$25,563$16,854
20 years$55,738$45,075$36,168$28,823$22,833$14,655
21 years$52,526$41,985$33,268$26,158$20,433$12,761
22 years$49,610$39,192$30,661$23,784$18,315$11,127
23 years$46,951$36,655$28,310$21,660$16,441$9,712
24 years$44,517$34,343$26,182$19,756$14,777$8,486
25 years$42,282$32,230$24,250$18,042$13,297$7,420
26 years$40,222$30,291$22,491$16,497$11,978$6,493
27 years$38,317$28,507$20,885$15,100$10,799$5,686
28 years$36,552$26,862$19,415$13,835$9,744$4,981
29 years$34,912$25,341$18,067$12,687$8,799$4,366
30 years$33,383$23,932$16,829$11,643$7,950$3,829
31 years$31,956$22,624$15,689$10,693$7,188$3,359
32 years$30,621$21,407$14,638$9,827$6,502$2,947
33 years$29,370$20,273$13,668$9,037$5,884$2,587
34 years$28,195$19,214$12,770$8,315$5,327$2,271
35 years$27,089$18,224$11,939$7,654$4,825$1,994
36 years$26,047$17,297$11,169$7,049$4,372$1,752
37 years$25,064$16,428$10,454$6,495$3,962$1,539
38 years$24,134$15,613$9,790$5,987$3,592$1,352
39 years$23,255$14,846$9,172$5,520$3,258$1,188
40 years$22,421$14,125$8,597$5,091$2,955$1,044
41 years$21,631$13,446$8,061$4,698$2,681$917
42 years$20,880$12,805$7,562$4,335$2,432$806
43 years$20,165$12,201$7,096$4,002$2,208$709
44 years$19,486$11,630$6,660$3,695$2,004$623
45 years$18,838$11,090$6,254$3,413$1,819$548
46 years$18,220$10,580$5,874$3,152$1,652$482
47 years$17,630$10,096$5,518$2,912$1,500$423
48 years$17,067$9,638$5,186$2,691$1,362$372
49 years$16,528$9,204$4,874$2,487$1,237$327
50 years$16,012$8,792$4,582$2,299$1,124$288

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $16,400,000, adding $4,493 every year, while hoping to spend $45,339 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: 64/9/27 Blend
39$16,400,000$16,400,000$16,400,000$16,400,000
40$18,077,435$17,208,235$16,954,035$19,104,856
41$19,873,093$18,003,198$17,473,754$20,595,539
42$21,850,388$18,835,594$18,009,365$22,218,251
43$24,027,800$19,707,211$18,561,352$23,990,378
44$26,425,692$20,619,920$19,130,213$25,926,597
45$29,066,500$21,575,685$19,716,463$28,043,062
46$31,974,951$22,576,561$20,320,632$30,357,553
47$35,178,290$23,624,706$20,943,267$32,889,641
48$38,706,538$24,722,379$21,584,929$35,660,873
49$42,592,780$25,871,951$22,246,199$38,694,965
50$46,873,471$27,075,904$22,927,674$42,018,032
51$51,588,784$28,336,842$23,629,970$45,658,823
52$56,782,986$29,657,494$24,353,721$49,648,995
53$62,504,860$31,040,720$25,099,580$54,023,405
54$68,808,160$32,489,520$25,868,220$58,820,437
55$75,752,123$34,007,037$26,660,336$64,082,358
56$83,402,024$35,596,566$27,476,641$69,855,719
57$91,829,795$37,261,563$28,317,874$76,191,782
58$101,114,703$39,005,648$29,184,791$83,147,006
59$111,344,097$40,832,619$30,078,176$90,783,575
60$122,614,234$42,746,456$30,998,834$99,169,976
61$135,031,185$44,751,332$31,947,594$108,381,647
62$148,711,840$46,851,621$32,925,313$118,501,677
63$163,785,007$49,051,910$33,932,870$129,621,593
64$180,392,631$51,357,006$34,971,174$141,842,212
65$198,691,131$53,771,952$36,041,160$155,274,592
66$218,852,879$56,302,030$37,143,792$170,041,070
67$241,067,826$58,952,783$38,280,063$186,276,416
68$265,545,295$61,730,020$39,450,995$204,129,095
69$292,515,954$64,639,830$40,657,643$223,762,662
70$322,234,000$67,688,600$41,901,092$245,357,303
71$354,979,551$70,883,024$43,182,461$269,111,524
72$391,061,295$74,230,122$44,502,904$295,244,022
73$430,819,402$77,737,254$45,863,606$323,995,739
74$474,628,737$81,412,135$47,265,793$355,632,128
75$522,902,396$85,262,857$48,710,724$390,445,655
76$576,095,605$89,297,903$50,199,699$428,758,545
77$634,710,023$93,526,166$51,734,055$470,925,820
78$699,298,471$97,956,973$53,315,171$517,338,641
79$770,470,152$102,600,103$54,944,467$568,427,986
80$848,896,408$107,465,807$56,623,406$624,668,715
81$935,317,048$112,564,838$58,353,497$686,584,038
82$1,030,547,339$117,908,468$60,136,291$754,750,443
83$1,135,485,700$123,508,515$61,973,390$829,803,131
84$1,251,122,184$129,377,375$63,866,441$912,441,996
85$1,378,547,823$135,528,043$65,817,143$1,003,438,223
86$1,518,964,929$141,974,145$67,827,246$1,103,641,553
87$1,673,698,445$148,729,971$69,898,551$1,213,988,296
88$1,844,208,451$155,810,504$72,032,917$1,335,510,148
89$2,032,103,949$163,231,455$74,232,256$1,469,343,926
90$2,239,158,055$171,009,300$76,498,540$1,616,742,277
91$2,467,324,734$179,161,313$78,833,798$1,779,085,493
92$2,718,757,250$187,705,610$81,240,123$1,957,894,522
93$2,995,828,492$196,661,187$83,719,670$2,154,845,311
94$3,301,153,378$206,047,965$86,274,659$2,371,784,609
95$3,637,613,539$215,886,833$88,907,377$2,610,747,385
96$4,008,384,526$226,199,693$91,620,180$2,873,976,017
97$4,416,965,788$237,009,518$94,415,496$3,163,941,442
98$4,867,213,708$248,340,395$97,295,825$3,483,366,464
99$5,363,378,015$260,217,583$100,263,744$3,835,251,435
100$5,910,141,899$272,667,571$103,321,906$4,222,902,559