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%17.9%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,273,616
2 years$674,532$661,969$649,794$637,990$626,540$584,495
3 years$445,221$432,604$420,460$408,766$397,502$356,851
4 years$330,588$318,010$305,987$294,493$283,502$244,555
5 years$261,826$249,324$237,459$226,199$215,514$178,375
6 years$216,000$203,592$191,902$180,893$170,529$135,229
7 years$183,280$170,976$159,471$148,722$138,686$105,222
8 years$158,751$146,558$135,244$124,759$115,053$83,403
9 years$139,683$127,605$116,486$106,267$96,891$67,018
10 years$124,437$112,478$101,555$91,603$82,556$54,414
11 years$111,972$100,132$89,407$79,722$71,001$44,539
12 years$101,592$89,873$79,347$69,927$61,528$36,689
13 years$92,815$81,219$70,891$61,735$53,654$30,376
14 years$85,299$73,826$63,696$54,802$47,032$25,254
15 years$78,790$67,441$57,509$48,873$41,411$21,065
16 years$73,101$61,876$52,140$43,761$36,599$17,620
17 years$68,087$56,986$47,446$39,319$32,451$14,771
18 years$63,634$52,657$43,312$35,434$28,854$12,407
19 years$59,655$48,802$39,650$32,018$25,718$10,437
20 years$56,078$45,349$36,389$28,998$22,972$8,791
21 years$52,846$42,241$33,470$26,318$20,558$7,413
22 years$49,912$39,431$30,848$23,929$18,427$6,257
23 years$47,237$36,879$28,483$21,793$16,541$5,285
24 years$44,789$34,553$26,342$19,876$14,867$4,467
25 years$42,540$32,426$24,398$18,152$13,378$3,777
26 years$40,467$30,475$22,628$16,597$12,051$3,196
27 years$38,551$28,681$21,012$15,192$10,865$2,705
28 years$36,775$27,026$19,533$13,919$9,804$2,290
29 years$35,124$25,496$18,177$12,764$8,852$1,939
30 years$33,587$24,078$16,932$11,714$7,999$1,643
31 years$32,151$22,762$15,785$10,759$7,232$1,392
32 years$30,808$21,537$14,727$9,887$6,541$1,179
33 years$29,549$20,396$13,751$9,092$5,920$1,000
34 years$28,367$19,331$12,848$8,366$5,360$847
35 years$27,254$18,335$12,012$7,701$4,855$718
36 years$26,206$17,403$11,237$7,092$4,399$609
37 years$25,216$16,529$10,518$6,535$3,987$516
38 years$24,281$15,708$9,849$6,023$3,614$438
39 years$23,397$14,937$9,228$5,554$3,277$371
40 years$22,558$14,211$8,649$5,123$2,973$315
41 years$21,763$13,528$8,110$4,726$2,697$267
42 years$21,007$12,883$7,608$4,362$2,447$226
43 years$20,288$12,275$7,139$4,026$2,221$192
44 years$19,604$11,701$6,701$3,718$2,016$163
45 years$18,953$11,158$6,292$3,433$1,830$138
46 years$18,331$10,644$5,910$3,171$1,662$117
47 years$17,738$10,158$5,552$2,930$1,509$99
48 years$17,171$9,697$5,217$2,707$1,370$84
49 years$16,629$9,260$4,904$2,502$1,245$71
50 years$16,110$8,846$4,610$2,313$1,130$61

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 $3,504 every year, while hoping to spend $46,809 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: 44/31/25 Blend
39$16,500,000$16,500,000$16,500,000$16,500,000
40$18,186,614$17,312,114$17,056,364$18,854,743
41$19,991,845$18,110,604$17,577,948$20,128,144
42$21,979,640$18,946,650$18,115,436$21,502,841
43$24,168,571$19,822,044$18,669,312$22,992,098
44$26,579,105$20,738,664$19,240,073$24,606,577
45$29,233,791$21,698,476$19,828,233$26,357,987
46$32,157,479$22,703,542$20,434,320$28,259,181
47$35,377,551$23,756,025$21,058,879$30,324,283
48$38,924,181$24,858,190$21,702,471$32,568,803
49$42,830,618$26,012,412$22,365,675$35,009,786
50$47,133,501$27,221,180$23,049,085$37,665,961
51$51,873,204$28,487,104$23,753,315$40,557,911
52$57,094,217$29,812,918$24,478,997$43,708,263
53$62,845,567$31,201,491$25,226,784$47,141,888
54$69,181,279$32,655,828$25,997,345$50,886,133
55$76,160,885$34,179,079$26,791,371$54,971,068
56$83,849,989$35,774,548$27,609,576$59,429,761
57$92,320,884$37,445,697$28,452,693$64,298,580
58$101,653,233$39,196,155$29,321,477$69,617,530
59$111,934,824$41,029,728$30,216,708$75,430,614
60$123,262,395$42,950,404$31,139,187$81,786,244
61$135,742,551$44,962,364$32,089,740$88,737,685
62$149,492,765$47,069,994$33,069,221$96,343,542
63$164,642,492$49,277,889$34,078,505$104,668,306
64$181,334,387$51,590,867$35,118,495$113,782,950
65$199,725,654$54,013,978$36,190,125$123,765,580
66$219,989,528$56,552,520$37,294,351$134,702,166
67$242,316,910$59,212,044$38,432,162$146,687,333
68$266,918,172$61,998,371$39,604,576$159,825,241
69$294,025,137$64,917,603$40,812,641$174,230,554
70$323,893,275$67,976,139$42,057,438$190,029,502
71$356,804,106$71,180,687$43,340,079$207,361,059
72$393,067,864$74,538,280$44,661,711$226,378,234
73$433,026,422$78,056,292$46,023,514$247,249,499
74$477,056,520$81,742,453$47,426,706$270,160,355
75$525,573,323$85,604,871$48,872,538$295,315,068
76$579,034,336$89,652,044$50,362,302$322,938,570
77$637,943,727$93,892,883$51,897,328$353,278,565
78$702,857,085$98,336,732$53,478,987$386,607,838
79$774,386,663$102,993,388$55,108,688$423,226,810
80$853,207,160$107,873,121$56,787,886$463,466,344
81$940,062,089$112,986,702$58,518,079$507,690,846
82$1,035,770,796$118,345,424$60,300,808$556,301,671
83$1,141,236,196$123,961,129$62,137,664$609,740,886
84$1,257,453,295$129,846,232$64,030,284$668,495,410
85$1,385,518,585$136,013,751$65,980,352$733,101,580
86$1,526,640,394$142,477,338$67,989,607$804,150,178
87$1,682,150,294$149,251,307$70,059,838$882,291,975
88$1,853,515,669$156,350,667$72,192,888$968,243,832
89$2,042,353,573$163,791,155$74,390,656$1,062,795,437
90$2,250,445,991$171,589,275$76,655,097$1,166,816,710
91$2,479,756,665$179,762,333$78,988,225$1,281,265,980
92$2,732,449,631$188,328,474$81,392,117$1,407,198,980
93$3,010,909,650$197,306,725$83,868,910$1,545,778,775
94$3,317,764,721$206,717,042$86,420,805$1,698,286,687
95$3,655,910,891$216,580,345$89,050,070$1,866,134,342
96$4,028,539,597$226,918,577$91,759,042$2,050,876,942
97$4,439,167,793$237,754,745$94,550,128$2,254,227,893
98$4,891,671,156$249,112,975$97,425,805$2,478,074,920
99$5,390,320,672$261,018,568$100,388,627$2,724,497,825
100$5,939,822,958$273,498,056$103,441,224$2,995,788,062