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

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,271,581
2 years$674,532$661,969$649,794$637,990$626,540$582,492
3 years$445,221$432,604$420,460$408,766$397,502$354,943
4 years$330,588$318,010$305,987$294,493$283,502$242,757
5 years$261,826$249,324$237,459$226,199$215,514$176,691
6 years$216,000$203,592$191,902$180,893$170,529$133,659
7 years$183,280$170,976$159,471$148,722$138,686$103,763
8 years$158,751$146,558$135,244$124,759$115,053$82,052
9 years$139,683$127,605$116,486$106,267$96,891$65,772
10 years$124,437$112,478$101,555$91,603$82,556$53,268
11 years$111,972$100,132$89,407$79,722$71,001$43,488
12 years$101,592$89,873$79,347$69,927$61,528$35,728
13 years$92,815$81,219$70,891$61,735$53,654$29,501
14 years$85,299$73,826$63,696$54,802$47,032$24,457
15 years$78,790$67,441$57,509$48,873$41,411$20,343
16 years$73,101$61,876$52,140$43,761$36,599$16,967
17 years$68,087$56,986$47,446$39,319$32,451$14,182
18 years$63,634$52,657$43,312$35,434$28,854$11,876
19 years$59,655$48,802$39,650$32,018$25,718$9,961
20 years$56,078$45,349$36,389$28,998$22,972$8,364
21 years$52,846$42,241$33,470$26,318$20,558$7,031
22 years$49,912$39,431$30,848$23,929$18,427$5,916
23 years$47,237$36,879$28,483$21,793$16,541$4,981
24 years$44,789$34,553$26,342$19,876$14,867$4,197
25 years$42,540$32,426$24,398$18,152$13,378$3,538
26 years$40,467$30,475$22,628$16,597$12,051$2,983
27 years$38,551$28,681$21,012$15,192$10,865$2,517
28 years$36,775$27,026$19,533$13,919$9,804$2,124
29 years$35,124$25,496$18,177$12,764$8,852$1,793
30 years$33,587$24,078$16,932$11,714$7,999$1,514
31 years$32,151$22,762$15,785$10,759$7,232$1,278
32 years$30,808$21,537$14,727$9,887$6,541$1,080
33 years$29,549$20,396$13,751$9,092$5,920$912
34 years$28,367$19,331$12,848$8,366$5,360$770
35 years$27,254$18,335$12,012$7,701$4,855$651
36 years$26,206$17,403$11,237$7,092$4,399$550
37 years$25,216$16,529$10,518$6,535$3,987$465
38 years$24,281$15,708$9,849$6,023$3,614$393
39 years$23,397$14,937$9,228$5,554$3,277$332
40 years$22,558$14,211$8,649$5,123$2,973$280
41 years$21,763$13,528$8,110$4,726$2,697$237
42 years$21,007$12,883$7,608$4,362$2,447$200
43 years$20,288$12,275$7,139$4,026$2,221$169
44 years$19,604$11,701$6,701$3,718$2,016$143
45 years$18,953$11,158$6,292$3,433$1,830$121
46 years$18,331$10,644$5,910$3,171$1,662$102
47 years$17,738$10,158$5,552$2,930$1,509$86
48 years$17,171$9,697$5,217$2,707$1,370$73
49 years$16,629$9,260$4,904$2,502$1,245$62
50 years$16,110$8,846$4,610$2,313$1,130$52

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 $2,366 every year, while hoping to spend $29,130 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: 55/18/27 Blend
39$16,500,000$16,500,000$16,500,000$16,500,000
40$18,185,441$17,310,941$17,055,191$19,049,832
41$20,009,361$18,128,183$17,595,545$20,462,879
42$22,018,346$18,984,493$18,153,026$21,997,847
43$24,231,240$19,881,756$18,728,175$23,669,070
44$26,668,810$20,821,946$19,321,552$25,489,664
45$29,353,941$21,807,133$19,933,736$27,474,051
46$32,311,850$22,839,490$20,565,323$29,638,092
47$35,570,325$23,921,291$21,216,929$31,999,231
48$39,159,989$25,054,926$21,889,187$34,576,657
49$43,114,586$26,242,895$22,582,752$37,391,476
50$47,471,300$27,487,823$23,298,301$40,466,911
51$52,271,109$28,792,462$24,036,530$43,828,511
52$57,559,166$30,159,698$24,798,158$47,504,392
53$63,385,233$31,592,554$25,583,928$51,525,489
54$69,804,141$33,094,204$26,394,605$55,925,851
55$76,876,317$34,667,974$27,230,978$60,742,950
56$84,668,348$36,317,351$28,093,862$66,018,030
57$93,253,612$38,045,993$28,984,098$71,796,492
58$102,712,969$39,857,735$29,902,554$78,128,310
59$113,135,526$41,756,599$30,850,124$85,068,502
60$124,619,477$43,746,800$31,827,731$92,677,638
61$137,273,032$45,832,761$32,836,328$101,022,402
62$151,215,434$48,019,119$33,876,897$110,176,220
63$166,578,088$50,310,736$34,950,453$120,219,937
64$183,505,801$52,712,710$36,058,042$131,242,575
65$202,158,149$55,230,389$37,200,742$143,342,163
66$222,710,981$57,869,379$38,379,668$156,626,654
67$245,358,082$60,635,560$39,595,968$171,214,931
68$270,313,001$63,535,096$40,850,827$187,237,922
69$297,811,065$66,574,455$42,145,468$204,839,821
70$328,111,606$69,760,415$43,481,153$224,179,440
71$361,500,402$73,100,087$44,859,184$245,431,696
72$398,292,379$76,600,928$46,280,903$268,789,249
73$438,834,585$80,270,757$47,747,697$294,464,307
74$483,509,462$84,117,773$49,260,994$322,690,616
75$532,738,459$88,150,576$50,822,269$353,725,652
76$586,986,012$92,378,184$52,433,045$387,853,037
77$646,763,924$96,810,054$54,094,891$425,385,199
78$712,636,201$101,456,103$55,809,427$466,666,307
79$785,224,375$106,326,734$57,578,324$512,075,501
80$865,213,370$111,432,853$59,403,306$562,030,455
81$953,357,970$116,785,899$61,286,153$616,991,300
82$1,050,489,944$122,397,868$63,228,700$677,464,949
83$1,157,525,897$128,281,342$65,232,840$744,009,860
84$1,275,475,925$134,449,515$67,300,527$817,241,290
85$1,405,453,151$140,916,223$69,433,777$897,837,078
86$1,548,684,233$147,695,978$71,634,669$986,544,020
87$1,706,520,944$154,804,000$73,905,349$1,084,184,901
88$1,880,452,932$162,256,249$76,248,030$1,191,666,227
89$2,072,121,790$170,069,463$78,664,998$1,309,986,766
90$2,283,336,545$178,261,199$81,158,607$1,440,246,941
91$2,516,090,742$186,849,867$83,731,290$1,583,659,197
92$2,772,581,264$195,854,777$86,385,555$1,741,559,409
93$3,055,229,071$205,296,180$89,123,989$1,915,419,469
94$3,366,702,057$215,195,313$91,949,264$2,106,861,141
95$3,709,940,236$225,574,452$94,864,133$2,317,671,343
96$4,088,183,498$236,456,958$97,871,439$2,549,818,978
97$4,505,002,197$247,867,332$100,974,115$2,805,473,482
98$4,964,330,859$259,831,269$104,175,186$3,087,025,268
99$5,470,505,325$272,375,720$107,477,773$3,397,108,248
100$6,028,303,687$285,528,949$110,885,098$3,738,624,662