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%12.5%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,294,102
2 years$670,444$657,958$645,856$634,123$622,742$608,989
3 years$442,523$429,982$417,912$406,289$395,093$381,671
4 years$328,585$316,083$304,133$292,708$281,784$268,795
5 years$260,239$247,813$236,019$224,828$214,208$201,691
6 years$214,691$202,358$190,739$179,797$169,495$157,466
7 years$182,169$169,940$158,505$147,821$137,845$126,308
8 years$157,789$145,670$134,425$124,003$114,356$103,311
9 years$138,836$126,832$115,780$105,623$96,304$85,747
10 years$123,683$111,796$100,940$91,048$82,056$71,980
11 years$111,293$99,525$88,866$79,239$70,571$60,968
12 years$100,976$89,329$78,866$69,503$61,155$52,016
13 years$92,252$80,727$70,462$61,361$53,328$44,641
14 years$84,782$73,379$63,310$54,470$46,747$38,500
15 years$78,313$67,033$57,160$48,577$41,160$33,341
16 years$72,658$61,501$51,824$43,496$36,377$28,973
17 years$67,674$56,640$47,158$39,081$32,255$25,251
18 years$63,249$52,338$43,049$35,219$28,679$22,063
19 years$59,294$48,506$39,409$31,824$25,563$19,319
20 years$55,738$45,075$36,168$28,823$22,833$16,947
21 years$52,526$41,985$33,268$26,158$20,433$14,891
22 years$49,610$39,192$30,661$23,784$18,315$13,102
23 years$46,951$36,655$28,310$21,660$16,441$11,543
24 years$44,517$34,343$26,182$19,756$14,777$10,179
25 years$42,282$32,230$24,250$18,042$13,297$8,986
26 years$40,222$30,291$22,491$16,497$11,978$7,938
27 years$38,317$28,507$20,885$15,100$10,799$7,018
28 years$36,552$26,862$19,415$13,835$9,744$6,208
29 years$34,912$25,341$18,067$12,687$8,799$5,495
30 years$33,383$23,932$16,829$11,643$7,950$4,866
31 years$31,956$22,624$15,689$10,693$7,188$4,311
32 years$30,621$21,407$14,638$9,827$6,502$3,821
33 years$29,370$20,273$13,668$9,037$5,884$3,387
34 years$28,195$19,214$12,770$8,315$5,327$3,004
35 years$27,089$18,224$11,939$7,654$4,825$2,665
36 years$26,047$17,297$11,169$7,049$4,372$2,364
37 years$25,064$16,428$10,454$6,495$3,962$2,098
38 years$24,134$15,613$9,790$5,987$3,592$1,862
39 years$23,255$14,846$9,172$5,520$3,258$1,653
40 years$22,421$14,125$8,597$5,091$2,955$1,468
41 years$21,631$13,446$8,061$4,698$2,681$1,303
42 years$20,880$12,805$7,562$4,335$2,432$1,158
43 years$20,165$12,201$7,096$4,002$2,208$1,028
44 years$19,486$11,630$6,660$3,695$2,004$913
45 years$18,838$11,090$6,254$3,413$1,819$811
46 years$18,220$10,580$5,874$3,152$1,652$721
47 years$17,630$10,096$5,518$2,912$1,500$640
48 years$17,067$9,638$5,186$2,691$1,362$569
49 years$16,528$9,204$4,874$2,487$1,237$506
50 years$16,012$8,792$4,582$2,299$1,124$449

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 $4,490 every year, while hoping to spend $33,607 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: 75/12/13 Blend
39$16,400,000$16,400,000$16,400,000$16,400,000
40$18,077,431$17,208,231$16,954,031$19,384,626
41$19,885,572$18,015,677$17,486,234$21,055,703
42$21,877,016$18,861,561$18,035,139$22,881,957
43$24,070,426$19,747,732$18,601,270$24,882,525
44$26,486,365$20,676,127$19,185,168$27,074,719
45$29,147,494$21,648,777$19,787,391$29,477,598
46$32,078,783$22,667,811$20,408,513$32,112,146
47$35,307,748$23,735,463$21,049,128$35,001,465
48$38,864,711$24,854,073$21,709,846$38,170,994
49$42,783,084$26,026,095$22,391,298$41,648,742
50$47,099,688$27,254,104$23,094,136$45,465,551
51$51,855,097$28,540,795$23,819,030$49,655,388
52$57,094,021$29,888,998$24,566,672$54,255,653
53$62,865,731$31,301,679$25,337,776$59,307,539
54$69,224,522$32,781,948$26,133,077$64,856,410
55$76,230,223$34,333,063$26,953,336$70,952,228
56$83,948,767$35,958,445$27,799,334$77,650,023
57$92,452,809$37,661,676$28,671,879$85,010,403
58$101,822,414$39,446,516$29,571,805$93,100,127
59$112,145,809$41,316,905$30,499,970$101,992,727
60$123,520,223$43,276,974$31,457,260$111,769,201
61$136,052,796$45,331,057$32,444,589$122,518,769
62$149,861,597$47,483,695$33,462,898$134,339,714
63$165,076,736$49,739,651$34,513,161$147,340,301
64$181,841,590$52,103,922$35,596,379$161,639,797
65$200,314,161$54,581,742$36,713,587$177,369,586
66$220,668,563$57,178,605$37,865,849$194,674,411
67$243,096,668$59,900,269$39,054,267$213,713,725
68$267,809,918$62,752,771$40,279,974$234,663,197
69$295,041,316$65,742,444$41,544,140$257,716,360
70$325,047,633$68,875,926$42,847,972$283,086,433
71$358,111,825$72,160,180$44,192,712$311,008,323
72$394,545,709$75,602,507$45,579,646$341,740,837
73$434,692,904$79,210,562$47,010,096$375,569,119
74$478,932,073$82,992,372$48,485,428$412,807,329
75$527,680,503$86,956,357$50,007,048$453,801,602
76$581,398,040$91,111,344$51,576,410$498,933,308
77$640,591,431$95,466,591$53,195,010$548,622,640
78$705,819,107$100,031,804$54,864,393$603,332,572
79$777,696,458$104,817,164$56,586,152$663,573,218
80$856,901,638$109,833,347$58,361,930$729,906,639
81$944,181,971$115,091,547$60,193,421$802,952,134
82$1,040,361,004$120,603,505$62,082,372$883,392,077
83$1,146,346,281$126,381,531$64,030,586$971,978,347
84$1,263,137,912$132,438,537$66,039,922$1,069,539,410
85$1,391,838,016$138,788,061$68,112,296$1,176,988,129
86$1,533,661,121$145,444,304$70,249,685$1,295,330,364
87$1,689,945,636$152,422,155$72,454,130$1,425,674,460
88$1,862,166,480$159,737,230$74,727,732$1,569,241,686
89$2,051,949,011$167,405,904$77,072,661$1,727,377,753
90$2,261,084,369$175,445,353$79,491,155$1,901,565,502
91$2,491,546,386$183,873,586$81,985,519$2,093,438,882
92$2,745,510,217$192,709,492$84,558,134$2,304,798,357
93$3,025,372,882$201,972,879$87,211,454$2,537,627,886
94$3,333,775,888$211,684,522$89,948,010$2,794,113,632
95$3,673,630,172$221,866,208$92,770,412$3,076,664,578
96$4,048,143,581$232,540,783$95,681,352$3,387,935,247
97$4,460,851,157$243,732,212$98,683,608$3,730,850,741
98$4,915,648,508$255,465,624$101,780,042$4,108,634,330
99$5,416,828,591$267,767,375$104,973,609$4,524,837,857
100$5,969,122,237$280,665,106$108,267,354$4,983,375,243