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%11.8%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,305,800
2 years$674,532$661,969$649,794$637,990$626,540$616,525
3 years$445,221$432,604$420,460$408,766$397,502$387,717
4 years$330,588$318,010$305,987$294,493$283,502$274,020
5 years$261,826$249,324$237,459$226,199$215,514$206,364
6 years$216,000$203,592$191,902$180,893$170,529$161,723
7 years$183,280$170,976$159,471$148,722$138,686$130,227
8 years$158,751$146,558$135,244$124,759$115,053$106,943
9 years$139,683$127,605$116,486$106,267$96,891$89,126
10 years$124,437$112,478$101,555$91,603$82,556$75,133
11 years$111,972$100,132$89,407$79,722$71,001$63,913
12 years$101,592$89,873$79,347$69,927$61,528$54,770
13 years$92,815$81,219$70,891$61,735$53,654$47,218
14 years$85,299$73,826$63,696$54,802$47,032$40,911
15 years$78,790$67,441$57,509$48,873$41,411$35,595
16 years$73,101$61,876$52,140$43,761$36,599$31,081
17 years$68,087$56,986$47,446$39,319$32,451$27,221
18 years$63,634$52,657$43,312$35,434$28,854$23,902
19 years$59,655$48,802$39,650$32,018$25,718$21,035
20 years$56,078$45,349$36,389$28,998$22,972$18,547
21 years$52,846$42,241$33,470$26,318$20,558$16,382
22 years$49,912$39,431$30,848$23,929$18,427$14,490
23 years$47,237$36,879$28,483$21,793$16,541$12,833
24 years$44,789$34,553$26,342$19,876$14,867$11,379
25 years$42,540$32,426$24,398$18,152$13,378$10,099
26 years$40,467$30,475$22,628$16,597$12,051$8,971
27 years$38,551$28,681$21,012$15,192$10,865$7,975
28 years$36,775$27,026$19,533$13,919$9,804$7,095
29 years$35,124$25,496$18,177$12,764$8,852$6,315
30 years$33,587$24,078$16,932$11,714$7,999$5,624
31 years$32,151$22,762$15,785$10,759$7,232$5,011
32 years$30,808$21,537$14,727$9,887$6,541$4,467
33 years$29,549$20,396$13,751$9,092$5,920$3,983
34 years$28,367$19,331$12,848$8,366$5,360$3,553
35 years$27,254$18,335$12,012$7,701$4,855$3,171
36 years$26,206$17,403$11,237$7,092$4,399$2,830
37 years$25,216$16,529$10,518$6,535$3,987$2,526
38 years$24,281$15,708$9,849$6,023$3,614$2,256
39 years$23,397$14,937$9,228$5,554$3,277$2,015
40 years$22,558$14,211$8,649$5,123$2,973$1,799
41 years$21,763$13,528$8,110$4,726$2,697$1,608
42 years$21,007$12,883$7,608$4,362$2,447$1,436
43 years$20,288$12,275$7,139$4,026$2,221$1,283
44 years$19,604$11,701$6,701$3,718$2,016$1,147
45 years$18,953$11,158$6,292$3,433$1,830$1,025
46 years$18,331$10,644$5,910$3,171$1,662$916
47 years$17,738$10,158$5,552$2,930$1,509$819
48 years$17,171$9,697$5,217$2,707$1,370$732
49 years$16,629$9,260$4,904$2,502$1,245$655
50 years$16,110$8,846$4,610$2,313$1,130$585

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 $2,683 every year, while hoping to spend $43,963 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: 45/49/6 Blend
39$16,500,000$16,500,000$16,500,000$16,500,000
40$18,185,768$17,311,268$17,055,518$18,973,900
41$19,993,940$18,112,743$17,580,101$20,318,632
42$21,985,072$18,952,018$18,120,785$21,771,064
43$24,177,779$19,830,897$18,678,061$23,344,846
44$26,592,575$20,751,274$19,252,439$25,051,156
45$29,252,064$21,715,132$19,844,441$26,902,256
46$32,181,152$22,724,551$20,454,608$28,911,598
47$35,407,286$23,781,711$21,083,494$31,093,950
48$38,960,711$24,888,896$21,731,673$33,465,519
49$42,874,755$26,048,504$22,399,735$36,044,101
50$47,186,143$27,263,043$23,088,289$38,849,237
51$51,935,344$28,535,147$23,797,962$41,902,388
52$57,166,955$29,867,576$24,529,400$45,227,126
53$62,930,118$31,263,220$25,283,268$48,849,350
54$69,278,986$32,725,113$26,060,253$52,797,516
55$76,273,233$34,256,434$26,861,062$57,102,894
56$83,978,618$35,860,515$27,686,423$61,799,852
57$92,467,607$37,540,850$28,537,088$66,926,169
58$101,820,052$39,301,101$29,413,829$72,523,374
59$112,123,950$41,145,108$30,317,446$78,637,128
60$123,476,271$43,076,896$31,248,758$85,317,638
61$135,983,873$45,100,686$32,208,613$92,620,118
62$149,764,510$47,220,902$33,197,884$100,605,289
63$164,947,946$49,442,182$34,217,469$109,339,943
64$181,677,177$51,769,389$35,268,295$118,897,548
65$200,109,783$54,207,623$36,351,316$129,358,928
66$220,419,413$56,762,229$37,467,518$140,813,005
67$242,797,425$59,438,811$38,617,912$153,357,618
68$267,454,695$62,243,245$39,803,545$167,100,424
69$294,623,603$65,181,692$41,025,492$182,159,894
70$324,560,227$68,260,612$42,284,863$198,666,408
71$357,546,765$71,486,777$43,582,801$216,763,459
72$393,894,194$74,867,288$44,920,484$236,608,984
73$433,945,207$78,409,591$46,299,125$258,376,827
74$478,077,449$82,121,491$47,719,976$282,258,352
75$526,707,078$86,011,174$49,184,325$308,464,220
76$580,292,701$90,087,222$50,693,500$337,226,348
77$639,339,694$94,358,633$52,248,870$368,800,062
78$704,404,980$98,834,843$53,851,844$403,466,478
79$776,102,283$103,525,746$55,503,876$441,535,118
80$855,107,923$108,441,715$57,206,464$483,346,794
81$942,167,200$113,593,627$58,961,148$529,276,787
82$1,038,101,428$118,992,889$60,769,521$579,738,349
83$1,143,815,692$124,651,459$62,633,218$635,186,560
84$1,260,307,391$130,581,879$64,553,929$696,122,582
85$1,388,675,652$136,797,298$66,533,393$763,098,339
86$1,530,131,708$143,311,505$68,573,401$836,721,680
87$1,686,010,332$150,138,959$70,675,800$917,662,067
88$1,857,782,440$157,294,822$72,842,494$1,006,656,838
89$2,047,068,973$164,794,992$75,075,441$1,104,518,113
90$2,255,656,203$172,656,141$77,376,663$1,212,140,398
91$2,485,512,596$180,895,752$79,748,241$1,330,508,972
92$2,738,807,394$189,532,157$82,192,320$1,460,709,117
93$3,017,931,095$198,584,580$84,711,110$1,603,936,302
94$3,325,518,022$208,073,180$87,306,888$1,761,507,390
95$3,664,471,191$218,019,097$89,982,000$1,934,873,000
96$4,037,989,720$228,444,499$92,738,864$2,125,631,118
97$4,449,599,025$239,372,634$95,579,970$2,335,542,103
98$4,903,184,112$250,827,880$98,507,885$2,566,545,221
99$5,403,026,247$262,835,801$101,525,255$2,820,776,855
100$5,953,843,376$275,423,207$104,634,802$3,100,590,585