Can I retire at age 40 with 16,500,000?

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,287,064
2 years$674,532$661,969$649,794$637,990$626,540$597,800
3 years$445,221$432,604$420,460$408,766$397,502$369,590
4 years$330,588$318,010$305,987$294,493$283,502$256,632
5 years$261,826$249,324$237,459$226,199$215,514$189,761
6 years$216,000$203,592$191,902$180,893$170,529$145,921
7 years$183,280$170,976$159,471$148,722$138,686$115,227
8 years$158,751$146,558$135,244$124,759$115,053$92,736
9 years$139,683$127,605$116,486$106,267$96,891$75,700
10 years$124,437$112,478$101,555$91,603$82,556$62,468
11 years$111,972$100,132$89,407$79,722$71,001$51,990
12 years$101,592$89,873$79,347$69,927$61,528$43,565
13 years$92,815$81,219$70,891$61,735$53,654$36,706
14 years$85,299$73,826$63,696$54,802$47,032$31,067
15 years$78,790$67,441$57,509$48,873$41,411$26,392
16 years$73,101$61,876$52,140$43,761$36,599$22,490
17 years$68,087$56,986$47,446$39,319$32,451$19,214
18 years$63,634$52,657$43,312$35,434$28,854$16,452
19 years$59,655$48,802$39,650$32,018$25,718$14,112
20 years$56,078$45,349$36,389$28,998$22,972$12,124
21 years$52,846$42,241$33,470$26,318$20,558$10,430
22 years$49,912$39,431$30,848$23,929$18,427$8,983
23 years$47,237$36,879$28,483$21,793$16,541$7,744
24 years$44,789$34,553$26,342$19,876$14,867$6,682
25 years$42,540$32,426$24,398$18,152$13,378$5,769
26 years$40,467$30,475$22,628$16,597$12,051$4,984
27 years$38,551$28,681$21,012$15,192$10,865$4,308
28 years$36,775$27,026$19,533$13,919$9,804$3,726
29 years$35,124$25,496$18,177$12,764$8,852$3,223
30 years$33,587$24,078$16,932$11,714$7,999$2,789
31 years$32,151$22,762$15,785$10,759$7,232$2,415
32 years$30,808$21,537$14,727$9,887$6,541$2,091
33 years$29,549$20,396$13,751$9,092$5,920$1,811
34 years$28,367$19,331$12,848$8,366$5,360$1,569
35 years$27,254$18,335$12,012$7,701$4,855$1,359
36 years$26,206$17,403$11,237$7,092$4,399$1,178
37 years$25,216$16,529$10,518$6,535$3,987$1,021
38 years$24,281$15,708$9,849$6,023$3,614$885
39 years$23,397$14,937$9,228$5,554$3,277$767
40 years$22,558$14,211$8,649$5,123$2,973$665
41 years$21,763$13,528$8,110$4,726$2,697$576
42 years$21,007$12,883$7,608$4,362$2,447$500
43 years$20,288$12,275$7,139$4,026$2,221$433
44 years$19,604$11,701$6,701$3,718$2,016$376
45 years$18,953$11,158$6,292$3,433$1,830$326
46 years$18,331$10,644$5,910$3,171$1,662$282
47 years$17,738$10,158$5,552$2,930$1,509$245
48 years$17,171$9,697$5,217$2,707$1,370$212
49 years$16,629$9,260$4,904$2,502$1,245$184
50 years$16,110$8,846$4,610$2,313$1,130$160

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $16,500,000, adding $2,943 every year, while hoping to spend $25,267 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: 49/26/25 Blend
39$16,500,000$16,500,000$16,500,000$16,500,000
40$18,186,036$17,311,536$17,055,786$18,948,217
41$20,014,127$18,132,917$17,600,271$20,302,182
42$22,027,838$18,993,699$18,162,149$21,769,550
43$24,246,073$19,895,786$18,741,977$23,363,263
44$26,689,667$20,841,175$19,340,328$25,095,263
45$29,381,578$21,831,957$19,957,794$26,978,672
46$32,347,106$22,870,330$20,594,987$29,027,906
47$35,614,129$23,958,594$21,252,536$31,258,810
48$39,213,367$25,099,163$21,931,094$33,688,801
49$43,178,676$26,294,567$22,631,331$36,337,022
50$47,547,361$27,547,461$23,353,941$39,224,520
51$52,360,533$28,860,627$24,099,639$42,374,438
52$57,663,493$30,236,984$24,869,162$45,812,226
53$63,506,164$31,679,591$25,663,274$49,565,872
54$69,943,559$33,191,657$26,482,760$53,666,159
55$77,036,301$34,776,547$27,328,431$58,146,951
56$84,851,195$36,437,789$28,201,125$63,045,500
57$93,461,860$38,179,084$29,101,706$68,402,791
58$102,949,422$40,004,311$30,031,065$74,263,919
59$113,403,280$41,917,539$30,990,123$80,678,506
60$124,921,952$43,923,036$31,979,829$87,701,158
61$137,614,002$46,025,275$33,001,164$95,391,972
62$151,599,066$48,228,950$34,055,139$103,817,090
63$167,008,982$50,538,980$35,142,798$113,049,314
64$183,989,035$52,960,527$36,265,218$123,168,779
65$202,699,325$55,499,001$37,423,511$134,263,702
66$223,316,281$58,160,077$38,618,824$146,431,194
67$246,034,329$60,949,708$39,852,342$159,778,170
68$271,067,720$63,874,134$41,125,285$174,422,340
69$298,652,561$66,939,900$42,438,916$190,493,308
70$329,049,038$70,153,870$43,794,535$208,133,777
71$362,543,874$73,523,244$45,193,486$227,500,884
72$399,453,035$77,055,569$46,637,154$248,767,660
73$440,124,717$80,758,764$48,126,970$272,124,652
74$484,942,625$84,641,130$49,664,411$297,781,701
75$534,329,603$88,711,376$51,250,999$325,969,903
76$588,751,622$92,978,633$52,888,307$356,943,769
77$648,722,180$97,452,478$54,577,958$390,983,609
78$714,807,148$102,142,955$56,321,625$428,398,155
79$787,630,115$107,060,598$58,121,037$469,527,451
80$867,878,273$112,216,453$59,977,978$514,746,042
81$956,308,904$117,622,107$61,894,288$564,466,480
82$1,053,756,531$123,289,710$63,871,866$619,143,197
83$1,161,140,797$129,232,005$65,912,673$679,276,763
84$1,279,475,142$135,462,357$68,018,731$745,418,583
85$1,409,876,377$141,994,783$70,192,129$818,176,075
86$1,553,575,222$148,843,982$72,435,021$898,218,372
87$1,711,927,932$156,025,374$74,749,630$986,282,601
88$1,886,429,090$163,555,127$77,138,252$1,083,180,812
89$2,078,725,729$171,450,200$79,603,255$1,189,807,607
90$2,290,632,872$179,728,379$82,147,084$1,307,148,545
91$2,524,150,674$188,408,317$84,772,259$1,436,289,409
92$2,781,483,298$197,509,581$87,481,385$1,578,426,412
93$3,065,059,732$207,052,687$90,277,149$1,734,877,450
94$3,377,556,713$217,059,158$93,162,323$1,907,094,494
95$3,721,924,005$227,551,564$96,139,767$2,096,677,252
96$4,101,412,240$238,553,577$99,212,437$2,305,388,221
97$4,519,603,613$250,090,027$102,383,378$2,535,169,273
98$4,980,445,697$262,186,954$105,655,736$2,788,159,935
99$5,488,288,713$274,871,669$109,032,758$3,066,717,526
100$6,047,926,599$288,172,818$112,517,793$3,373,439,357