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

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,280,831
2 years$670,444$657,958$645,856$634,123$622,742$595,735
3 years$442,523$429,982$417,912$406,289$395,093$368,850
4 years$328,585$316,083$304,133$292,708$281,784$256,506
5 years$260,239$247,813$236,019$224,828$214,208$189,967
6 years$214,691$202,358$190,739$179,797$169,495$146,318
7 years$182,169$169,940$158,505$147,821$137,845$115,736
8 years$157,789$145,670$134,425$124,003$114,356$93,309
9 years$138,836$126,832$115,780$105,623$96,304$76,304
10 years$123,683$111,796$100,940$91,048$82,056$63,084
11 years$111,293$99,525$88,866$79,239$70,571$52,602
12 years$100,976$89,329$78,866$69,503$61,155$44,164
13 years$92,252$80,727$70,462$61,361$53,328$37,286
14 years$84,782$73,379$63,310$54,470$46,747$31,622
15 years$78,313$67,033$57,160$48,577$41,160$26,919
16 years$72,658$61,501$51,824$43,496$36,377$22,988
17 years$67,674$56,640$47,158$39,081$32,255$19,682
18 years$63,249$52,338$43,049$35,219$28,679$16,889
19 years$59,294$48,506$39,409$31,824$25,563$14,520
20 years$55,738$45,075$36,168$28,823$22,833$12,503
21 years$52,526$41,985$33,268$26,158$20,433$10,780
22 years$49,610$39,192$30,661$23,784$18,315$9,306
23 years$46,951$36,655$28,310$21,660$16,441$8,042
24 years$44,517$34,343$26,182$19,756$14,777$6,955
25 years$42,282$32,230$24,250$18,042$13,297$6,019
26 years$40,222$30,291$22,491$16,497$11,978$5,213
27 years$38,317$28,507$20,885$15,100$10,799$4,517
28 years$36,552$26,862$19,415$13,835$9,744$3,916
29 years$34,912$25,341$18,067$12,687$8,799$3,396
30 years$33,383$23,932$16,829$11,643$7,950$2,946
31 years$31,956$22,624$15,689$10,693$7,188$2,557
32 years$30,621$21,407$14,638$9,827$6,502$2,219
33 years$29,370$20,273$13,668$9,037$5,884$1,927
34 years$28,195$19,214$12,770$8,315$5,327$1,673
35 years$27,089$18,224$11,939$7,654$4,825$1,454
36 years$26,047$17,297$11,169$7,049$4,372$1,263
37 years$25,064$16,428$10,454$6,495$3,962$1,097
38 years$24,134$15,613$9,790$5,987$3,592$953
39 years$23,255$14,846$9,172$5,520$3,258$828
40 years$22,421$14,125$8,597$5,091$2,955$720
41 years$21,631$13,446$8,061$4,698$2,681$626
42 years$20,880$12,805$7,562$4,335$2,432$544
43 years$20,165$12,201$7,096$4,002$2,208$473
44 years$19,486$11,630$6,660$3,695$2,004$411
45 years$18,838$11,090$6,254$3,413$1,819$357
46 years$18,220$10,580$5,874$3,152$1,652$311
47 years$17,630$10,096$5,518$2,912$1,500$270
48 years$17,067$9,638$5,186$2,691$1,362$235
49 years$16,528$9,204$4,874$2,487$1,237$204
50 years$16,012$8,792$4,582$2,299$1,124$177

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 $2,456 every year, while hoping to spend $35,484 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: 57/23/20 Blend
39$16,400,000$16,400,000$16,400,000$16,400,000
40$18,075,333$17,206,133$16,951,933$19,008,936
41$19,881,263$18,011,479$17,482,068$20,450,263
42$21,870,207$18,855,098$18,028,774$22,016,233
43$24,060,798$19,738,827$18,592,567$23,722,077
44$26,473,563$20,664,593$19,173,982$25,581,266
45$29,131,125$21,634,417$19,773,569$27,608,611
46$32,058,412$22,650,416$20,391,896$29,820,397
47$35,282,894$23,714,810$21,029,548$32,234,538
48$38,834,840$24,829,926$21,687,129$34,870,733
49$42,747,608$25,998,206$22,365,261$37,750,652
50$47,057,953$27,222,208$23,064,587$40,898,133
51$51,806,381$28,504,613$23,785,767$44,339,405
52$57,037,527$29,848,234$24,529,486$48,103,322
53$62,800,577$31,256,020$25,296,446$52,221,639
54$69,149,733$32,731,062$26,087,374$56,729,298
55$76,144,723$34,276,601$26,903,018$61,664,752
56$83,851,367$35,896,036$27,744,151$67,070,326
57$92,342,194$37,592,930$28,611,567$72,992,602
58$101,697,131$39,371,017$29,506,089$79,482,859
59$112,004,258$41,234,216$30,428,562$86,597,540
60$123,360,633$43,186,634$31,379,860$94,398,784
61$135,873,215$45,232,576$32,360,882$102,955,002
62$149,659,868$47,376,558$33,372,558$112,341,511
63$164,850,480$49,623,314$34,415,843$122,641,237
64$181,588,180$51,977,808$35,491,725$133,945,489
65$200,030,699$54,445,245$36,601,223$146,354,809
66$220,351,852$57,031,083$37,745,385$159,979,912
67$242,743,179$59,741,045$38,925,294$174,942,717
68$267,415,759$62,581,131$40,142,066$191,377,488
69$294,602,194$65,557,634$41,396,853$209,432,090
70$324,558,811$68,677,152$42,690,841$229,269,368
71$357,568,079$71,946,602$44,025,254$251,068,676
72$393,941,278$75,373,240$45,401,355$275,027,552
73$434,021,433$78,964,673$46,820,444$301,363,567
74$478,186,554$82,728,878$48,283,865$330,316,370
75$526,853,209$86,674,219$49,793,000$362,149,925
76$580,480,448$90,809,468$51,349,278$397,154,993
77$639,574,145$95,143,822$52,954,170$435,651,857
78$704,691,766$99,686,928$54,609,193$477,993,324
79$776,447,639$104,448,900$56,315,913$524,568,043
80$855,518,745$109,440,343$58,075,944$575,804,146
81$942,651,118$114,672,381$59,890,949$632,173,273
82$1,038,666,881$120,156,677$61,762,644$694,195,003
83$1,144,472,011$125,905,462$63,692,801$762,441,733
84$1,261,064,888$131,931,562$65,683,242$837,544,057
85$1,389,545,726$138,248,428$67,735,850$920,196,698
86$1,531,126,955$144,870,165$69,852,565$1,011,165,037
87$1,687,144,667$151,811,566$72,035,389$1,111,292,310
88$1,859,071,232$159,088,142$74,286,384$1,221,507,540
89$2,048,529,199$166,716,162$76,607,679$1,342,834,280
90$2,257,306,608$174,712,684$79,001,466$1,476,400,239
91$2,487,373,877$183,095,601$81,470,010$1,623,447,902
92$2,740,902,400$191,883,673$84,015,643$1,785,346,215
93$3,020,285,048$201,096,577$86,640,771$1,963,603,484
94$3,328,158,761$210,754,947$89,347,875$2,159,881,565
95$3,667,429,439$220,880,423$92,139,513$2,376,011,522
96$4,041,299,378$231,495,700$95,018,323$2,614,010,867
97$4,453,297,503$242,624,578$97,987,025$2,876,102,562
98$4,907,312,683$254,292,017$101,048,425$3,164,735,966
99$5,407,630,444$266,524,193$104,205,415$3,482,609,902
100$5,958,973,431$279,348,561$107,460,978$3,832,698,093