Can I retire at age 40 with 16,600,000?

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 $16,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,293,283
2 years$678,620$665,981$653,733$641,856$630,337$599,853
3 years$447,919$435,226$423,008$411,244$399,912$370,320
4 years$332,592$319,937$307,842$296,278$285,220$256,749
5 years$263,413$250,835$238,898$227,570$216,820$189,549
6 years$217,309$204,825$193,065$181,989$171,562$145,520
7 years$184,391$172,012$160,438$149,624$139,526$114,716
8 years$159,713$147,446$136,064$125,515$115,750$92,164
9 years$140,529$128,378$117,192$106,911$97,479$75,097
10 years$125,192$113,159$102,171$92,159$83,057$61,856
11 years$112,651$100,739$89,949$80,206$71,431$51,383
12 years$102,207$90,418$79,828$70,351$61,901$42,972
13 years$93,377$81,711$71,321$62,109$53,979$36,134
14 years$85,816$74,273$64,082$55,134$47,318$30,520
15 years$79,268$67,850$57,857$49,170$41,662$25,873
16 years$73,544$62,251$52,456$44,026$36,821$22,001
17 years$68,499$57,331$47,733$39,557$32,648$18,756
18 years$64,020$52,976$43,574$35,649$29,029$16,024
19 years$60,017$49,098$39,890$32,212$25,874$13,715
20 years$56,418$45,624$36,609$29,174$23,111$11,756
21 years$53,167$42,497$33,673$26,477$20,682$10,090
22 years$50,215$39,670$31,035$24,074$18,539$8,670
23 years$47,523$37,102$28,656$21,925$16,641$7,457
24 years$45,060$34,762$26,501$19,996$14,958$6,418
25 years$42,797$32,623$24,546$18,262$13,460$5,529
26 years$40,712$30,660$22,765$16,698$12,124$4,765
27 years$38,785$28,855$21,139$15,284$10,931$4,109
28 years$36,998$27,190$19,652$14,003$9,863$3,545
29 years$35,337$25,650$18,288$12,841$8,906$3,059
30 years$33,790$24,224$17,034$11,785$8,047$2,641
31 years$32,346$22,900$15,880$10,824$7,275$2,280
32 years$30,995$21,668$14,817$9,947$6,581$1,970
33 years$29,728$20,520$13,834$9,147$5,956$1,702
34 years$28,538$19,448$12,926$8,416$5,392$1,470
35 years$27,419$18,446$12,085$7,748$4,884$1,271
36 years$26,365$17,508$11,305$7,135$4,425$1,098
37 years$25,369$16,629$10,582$6,574$4,011$949
38 years$24,429$15,803$9,909$6,060$3,636$821
39 years$23,538$15,027$9,284$5,587$3,297$710
40 years$22,695$14,297$8,702$5,154$2,991$614
41 years$21,894$13,610$8,159$4,755$2,713$531
42 years$21,134$12,961$7,654$4,388$2,462$459
43 years$20,411$12,350$7,182$4,051$2,234$397
44 years$19,723$11,772$6,742$3,740$2,028$343
45 years$19,067$11,225$6,330$3,454$1,841$297
46 years$18,442$10,709$5,945$3,191$1,672$257
47 years$17,845$10,219$5,586$2,948$1,518$222
48 years$17,275$9,756$5,249$2,724$1,379$192
49 years$16,729$9,316$4,934$2,517$1,252$166
50 years$16,207$8,899$4,638$2,327$1,137$144

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $16,600,000, adding $2,134 every year, while hoping to spend $26,677 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: 53/33/14 Blend
39$16,600,000$16,600,000$16,600,000$16,600,000
40$18,295,401$17,415,601$17,158,301$19,196,840
41$20,133,148$18,240,582$17,704,720$20,637,131
42$22,157,451$19,105,092$18,268,550$22,200,360
43$24,387,310$20,011,041$18,850,346$23,900,594
44$26,843,664$20,960,430$19,450,681$25,750,836
45$29,549,585$21,955,358$20,070,146$27,765,374
46$32,530,497$22,998,025$20,709,350$29,959,908
47$35,814,419$24,090,739$21,368,924$32,351,692
48$39,432,223$25,235,919$22,049,517$34,959,689
49$43,417,933$26,436,102$22,751,798$37,804,746
50$47,809,039$27,693,948$23,476,460$40,909,781
51$52,646,856$29,012,246$24,224,217$44,299,993
52$57,976,911$30,393,922$24,995,804$48,003,092
53$63,849,374$31,842,042$25,791,981$52,049,552
54$70,319,531$33,359,823$26,613,534$56,472,890
55$77,448,305$34,950,637$27,461,270$61,309,973
56$85,302,835$36,618,021$28,336,025$66,601,360
57$93,957,103$38,365,683$29,238,661$72,391,669
58$103,492,638$40,197,512$30,170,066$78,729,993
59$113,999,283$42,117,585$31,131,159$85,670,349
60$125,576,042$44,130,180$32,122,885$93,272,181
61$138,332,020$46,239,780$33,146,223$101,600,905
62$152,387,444$48,451,088$34,202,180$110,728,516
63$167,874,807$50,769,035$35,291,797$120,734,254
64$184,940,112$53,198,792$36,416,147$131,705,340
65$203,744,254$55,745,783$37,576,338$143,737,783
66$224,464,536$58,415,694$38,773,513$156,937,275
67$247,296,345$61,214,490$40,008,852$171,420,167
68$272,454,996$64,148,424$41,283,573$187,314,558
69$300,177,764$67,224,055$42,598,931$204,761,483
70$330,726,124$70,448,262$43,956,223$223,916,228
71$364,388,218$73,828,256$45,356,786$244,949,776
72$401,481,580$77,371,604$46,802,001$268,050,403
73$442,356,125$81,086,236$48,293,293$293,425,434
74$487,397,462$84,980,474$49,832,130$321,303,181
75$537,030,527$89,063,042$51,420,031$351,935,071
76$591,723,598$93,343,088$53,058,559$385,598,001
77$651,992,716$97,830,210$54,749,331$422,596,925
78$718,406,552$102,534,469$56,494,013$463,267,706
79$791,591,783$107,466,421$58,294,326$507,980,264
80$872,239,002$112,637,133$60,152,043$557,142,035
81$961,109,241$118,058,213$62,068,996$611,201,791
82$1,059,041,152$123,741,834$64,047,077$670,653,842
83$1,166,958,930$129,700,764$66,088,234$736,042,676
84$1,285,881,032$135,948,393$68,194,481$807,968,060
85$1,416,929,795$142,498,762$70,367,894$887,090,667
86$1,561,342,033$149,366,600$72,610,617$974,138,279
87$1,720,480,708$156,567,351$74,924,861$1,069,912,617
88$1,895,847,805$164,117,216$77,312,908$1,175,296,866
89$2,089,098,505$172,033,184$79,777,114$1,291,263,974
90$2,302,056,815$180,333,072$82,319,910$1,418,885,790
91$2,536,732,785$189,035,567$84,943,802$1,559,343,137
92$2,795,341,488$198,160,269$87,651,378$1,713,936,910
93$3,080,323,931$207,727,734$90,445,311$1,884,100,305
94$3,394,370,098$217,759,519$93,328,355$2,071,412,296
95$3,740,444,348$228,278,235$96,303,354$2,277,612,485
96$4,121,813,399$239,307,596$99,373,244$2,504,617,467
97$4,542,077,170$250,872,473$102,541,052$2,754,538,857
98$5,005,202,769$262,998,951$105,809,905$3,029,703,168
99$5,515,561,940$275,714,389$109,183,026$3,332,673,698
100$6,077,972,345$289,047,481$112,663,744$3,666,274,666