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%12.3%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,310,975
2 years$678,620$665,981$653,733$641,856$630,337$617,510
3 years$447,919$435,226$423,008$411,244$399,912$387,389
4 years$332,592$319,937$307,842$296,278$285,220$273,098
5 years$263,413$250,835$238,898$227,570$216,820$205,134
6 years$217,309$204,825$193,065$181,989$171,562$160,327
7 years$184,391$172,012$160,438$149,624$139,526$128,746
8 years$159,713$147,446$136,064$125,515$115,750$105,425
9 years$140,529$128,378$117,192$106,911$97,479$87,605
10 years$125,192$113,159$102,171$92,159$83,057$73,628
11 years$112,651$100,739$89,949$80,206$71,431$62,441
12 years$102,207$90,418$79,828$70,351$61,901$53,340
13 years$93,377$81,711$71,321$62,109$53,979$45,837
14 years$85,816$74,273$64,082$55,134$47,318$39,584
15 years$79,268$67,850$57,857$49,170$41,662$34,326
16 years$73,544$62,251$52,456$44,026$36,821$29,870
17 years$68,499$57,331$47,733$39,557$32,648$26,069
18 years$64,020$52,976$43,574$35,649$29,029$22,810
19 years$60,017$49,098$39,890$32,212$25,874$20,002
20 years$56,418$45,624$36,609$29,174$23,111$17,572
21 years$53,167$42,497$33,673$26,477$20,682$15,463
22 years$50,215$39,670$31,035$24,074$18,539$13,626
23 years$47,523$37,102$28,656$21,925$16,641$12,023
24 years$45,060$34,762$26,501$19,996$14,958$10,619
25 years$42,797$32,623$24,546$18,262$13,460$9,388
26 years$40,712$30,660$22,765$16,698$12,124$8,307
27 years$38,785$28,855$21,139$15,284$10,931$7,356
28 years$36,998$27,190$19,652$14,003$9,863$6,517
29 years$35,337$25,650$18,288$12,841$8,906$5,778
30 years$33,790$24,224$17,034$11,785$8,047$5,125
31 years$32,346$22,900$15,880$10,824$7,275$4,548
32 years$30,995$21,668$14,817$9,947$6,581$4,037
33 years$29,728$20,520$13,834$9,147$5,956$3,585
34 years$28,538$19,448$12,926$8,416$5,392$3,185
35 years$27,419$18,446$12,085$7,748$4,884$2,830
36 years$26,365$17,508$11,305$7,135$4,425$2,515
37 years$25,369$16,629$10,582$6,574$4,011$2,236
38 years$24,429$15,803$9,909$6,060$3,636$1,988
39 years$23,538$15,027$9,284$5,587$3,297$1,768
40 years$22,695$14,297$8,702$5,154$2,991$1,572
41 years$21,894$13,610$8,159$4,755$2,713$1,399
42 years$21,134$12,961$7,654$4,388$2,462$1,244
43 years$20,411$12,350$7,182$4,051$2,234$1,107
44 years$19,723$11,772$6,742$3,740$2,028$985
45 years$19,067$11,225$6,330$3,454$1,841$877
46 years$18,442$10,709$5,945$3,191$1,672$780
47 years$17,845$10,219$5,586$2,948$1,518$694
48 years$17,275$9,756$5,249$2,724$1,379$618
49 years$16,729$9,316$4,934$2,517$1,252$550
50 years$16,207$8,899$4,638$2,327$1,137$490

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 $5,179 every year, while hoping to spend $35,814 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: 62/23/15 Blend
39$16,600,000$16,600,000$16,600,000$16,600,000
40$18,298,542$17,418,742$17,161,442$19,364,944
41$20,126,888$18,234,155$17,698,245$20,897,550
42$22,140,524$19,088,322$18,251,830$22,565,347
43$24,358,313$19,983,106$18,822,722$24,385,115
44$26,801,040$20,920,456$19,411,461$26,371,609
45$29,491,607$21,902,420$20,018,607$28,541,058
46$32,455,253$22,931,141$20,644,732$30,911,312
47$35,719,790$24,008,867$21,290,431$33,502,008
48$39,315,863$25,137,957$21,956,316$36,334,748
49$43,277,244$26,320,880$22,643,016$39,433,301
50$47,641,148$27,560,228$23,351,182$42,823,818
51$52,448,584$28,858,718$24,081,485$46,535,078
52$57,744,741$30,219,196$24,834,616$50,598,751
53$63,579,417$31,644,650$25,611,289$55,049,693
54$70,007,490$33,138,209$26,412,238$59,926,266
55$77,089,429$34,703,157$27,238,223$65,270,696
56$84,891,873$36,342,934$28,090,026$71,129,465
57$93,488,255$38,061,148$28,968,453$77,553,741
58$102,959,496$39,861,584$29,874,335$84,599,854
59$113,394,770$41,748,207$30,808,531$92,329,822
60$124,892,344$43,725,177$31,771,925$100,811,925
61$137,560,508$45,796,855$32,765,428$110,121,345
62$151,518,592$47,967,813$33,789,983$120,340,862
63$166,898,098$50,242,846$34,846,557$131,561,631
64$183,843,939$52,626,980$35,936,152$143,884,031
65$202,515,806$55,125,488$37,059,798$157,418,601
66$223,089,677$57,743,895$38,218,560$172,287,074
67$245,759,477$60,487,999$39,413,534$188,623,516
68$270,738,907$63,363,875$40,645,852$206,575,578
69$298,263,467$66,377,895$41,916,678$226,305,881
70$328,592,670$69,536,742$43,227,218$247,993,535
71$362,012,503$72,847,423$44,578,709$271,835,819
72$398,838,114$76,317,282$45,972,432$298,050,027
73$439,416,798$79,954,026$47,409,705$326,875,507
74$484,131,270$83,765,732$48,891,889$358,575,906
75$533,403,278$87,760,871$50,420,385$393,441,641
76$587,697,585$91,948,326$51,996,641$431,792,624
77$647,526,357$96,337,413$53,622,147$473,981,266
78$713,453,998$100,937,898$55,298,441$520,395,785
79$786,102,477$105,760,027$57,027,110$571,463,855
80$866,157,200$110,814,538$58,809,789$627,656,616
81$954,373,482$116,112,698$60,648,164$689,493,109
82$1,051,583,674$121,666,317$62,543,974$757,545,150
83$1,158,705,024$127,487,782$64,499,013$832,442,707
84$1,276,748,337$133,590,083$66,515,130$914,879,822
85$1,406,827,512$139,986,842$68,594,232$1,005,621,139
86$1,550,170,065$146,692,344$70,738,285$1,105,509,097
87$1,708,128,712$153,721,570$72,949,318$1,215,471,854
88$1,882,194,142$161,090,228$75,229,422$1,336,532,026
89$2,074,009,089$168,814,794$77,580,752$1,469,816,301
90$2,285,383,842$176,912,545$80,005,533$1,616,566,057
91$2,518,313,333$185,401,599$82,506,058$1,778,149,037
92$2,774,995,973$194,300,957$85,084,691$1,956,072,234
93$3,057,854,405$203,630,546$87,743,870$2,151,996,083
94$3,369,558,376$213,411,264$90,486,111$2,367,750,092
95$3,713,049,940$223,665,026$93,314,006$2,605,350,082
96$4,091,571,237$234,414,815$96,230,228$2,867,017,172
97$4,508,695,097$245,684,736$99,237,535$3,155,198,705
98$4,968,358,775$257,500,066$102,338,770$3,472,591,312
99$5,474,901,116$269,887,315$105,536,865$3,822,166,317
100$6,033,103,523$282,874,287$108,834,844$4,207,197,742