Can I retire at age 40 with 16,700,000?

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,303,728
2 years$682,708$669,993$657,671$645,723$634,134$606,103
3 years$450,618$437,848$425,556$413,721$402,321$375,087
4 years$334,595$321,865$309,696$298,063$286,938$260,712
5 years$265,000$252,346$240,337$228,941$218,126$192,981
6 years$218,618$206,059$194,228$183,086$172,596$148,558
7 years$185,501$173,048$161,404$150,525$140,367$117,442
8 years$160,675$148,334$136,884$126,272$116,448$94,629
9 years$141,376$129,152$117,898$107,555$98,066$77,338
10 years$125,946$113,841$102,786$92,714$83,557$63,898
11 years$113,329$101,346$90,491$80,689$71,862$53,248
12 years$102,823$90,963$80,309$70,775$62,274$44,677
13 years$93,940$82,204$71,750$62,484$54,304$37,694
14 years$86,333$74,721$64,468$55,466$47,603$31,946
15 years$79,745$68,259$58,206$49,466$41,913$27,177
16 years$73,987$62,626$52,772$44,291$37,043$23,191
17 years$68,912$57,676$48,021$39,795$32,845$19,842
18 years$64,405$53,296$43,837$35,864$29,204$17,014
19 years$60,378$49,394$40,130$32,406$26,030$14,616
20 years$56,758$45,899$36,830$29,350$23,251$12,576
21 years$53,487$42,753$33,876$26,637$20,807$10,836
22 years$50,517$39,909$31,222$24,219$18,650$9,347
23 years$47,810$37,326$28,828$22,057$16,742$8,070
24 years$45,332$34,972$26,661$20,117$15,048$6,974
25 years$43,055$32,819$24,694$18,372$13,541$6,031
26 years$40,957$30,845$22,902$16,798$12,197$5,219
27 years$39,018$29,029$21,267$15,376$10,997$4,518
28 years$37,221$27,353$19,770$14,088$9,922$3,914
29 years$35,550$25,805$18,398$12,919$8,960$3,392
30 years$33,994$24,370$17,137$11,856$8,096$2,940
31 years$32,541$23,038$15,976$10,889$7,319$2,549
32 years$31,182$21,798$14,906$10,007$6,621$2,211
33 years$29,907$20,643$13,918$9,202$5,992$1,918
34 years$28,710$19,565$13,004$8,467$5,425$1,664
35 years$27,584$18,557$12,158$7,794$4,914$1,444
36 years$26,523$17,614$11,373$7,178$4,452$1,254
37 years$25,522$16,729$10,645$6,614$4,035$1,088
38 years$24,576$15,898$9,969$6,096$3,658$945
39 years$23,680$15,118$9,340$5,621$3,317$820
40 years$22,832$14,383$8,754$5,185$3,009$712
41 years$22,026$13,692$8,209$4,783$2,730$619
42 years$21,262$13,039$7,700$4,415$2,477$537
43 years$20,534$12,424$7,225$4,075$2,248$467
44 years$19,842$11,843$6,782$3,763$2,040$405
45 years$19,182$11,293$6,368$3,475$1,852$352
46 years$18,553$10,773$5,981$3,210$1,682$306
47 years$17,953$10,281$5,619$2,966$1,527$266
48 years$17,379$9,814$5,281$2,740$1,387$231
49 years$16,830$9,372$4,963$2,533$1,260$200
50 years$16,305$8,953$4,666$2,341$1,144$174

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $16,700,000, adding $3,398 every year, while hoping to spend $52,367 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: 24/49/27 Blend
39$16,700,000$16,700,000$16,700,000$16,700,000
40$18,406,905$17,521,805$17,262,955$18,691,581
41$20,228,691$18,324,655$17,785,546$19,735,314
42$22,234,545$19,165,090$18,323,889$20,848,137
43$24,443,185$20,044,896$18,878,455$22,039,360
44$26,875,238$20,965,945$19,449,732$23,315,537
45$29,553,435$21,930,199$20,038,221$24,683,829
46$32,502,821$22,939,715$20,644,437$26,152,059
47$35,750,996$23,996,647$21,268,912$27,728,785
48$39,328,369$25,103,255$21,912,193$29,423,362
49$43,268,454$26,261,906$22,574,843$31,246,028
50$47,608,179$27,475,081$23,257,442$33,207,988
51$52,388,235$28,745,382$23,960,588$35,321,508
52$57,653,463$30,075,534$24,684,897$37,600,019
53$63,453,277$31,468,395$25,431,001$40,058,237
54$69,842,124$32,926,960$26,199,553$42,712,284
55$76,880,008$34,454,368$26,991,224$45,579,829
56$84,633,046$36,053,909$27,806,708$48,680,245
57$93,174,099$37,729,033$28,646,715$52,034,774
58$102,583,457$39,483,356$29,511,980$55,666,714
59$112,949,596$41,320,666$30,403,257$59,601,624
60$124,370,013$43,244,938$31,321,325$63,867,550
61$136,952,150$45,260,335$32,266,984$68,495,271
62$150,814,400$47,371,223$33,241,060$73,518,575
63$166,087,234$49,582,178$34,244,400$78,974,558
64$182,914,425$51,897,997$35,277,880$84,903,955
65$201,454,407$54,323,710$36,342,400$91,351,505
66$221,881,773$56,864,588$37,438,887$98,366,353
67$244,388,919$59,526,158$38,568,295$106,002,492
68$269,187,863$62,314,214$39,731,607$114,319,247
69$296,512,244$65,234,830$40,929,835$123,381,819
70$326,619,530$68,294,373$42,164,022$133,261,864
71$359,793,444$71,499,520$43,435,239$144,038,153
72$396,346,648$74,857,268$44,744,592$155,797,285
73$436,623,688$78,374,956$46,093,217$168,634,475
74$481,004,251$82,060,276$47,482,287$182,654,422
75$529,906,747$85,921,292$48,913,006$197,972,271
76$583,792,259$89,966,460$50,386,616$214,714,662
77$643,168,898$94,204,644$51,904,396$233,020,892
78$708,596,593$98,645,139$53,467,660$253,044,197
79$780,692,383$103,297,689$55,077,765$274,953,159
80$860,136,241$108,172,511$56,736,105$298,933,257
81$947,677,489$113,280,315$58,444,116$325,188,580
82$1,044,141,876$118,632,334$60,203,277$353,943,706
83$1,150,439,371$124,240,342$62,015,110$385,445,783
84$1,267,572,754$130,116,686$63,881,183$419,966,809
85$1,396,647,081$136,274,310$65,803,110$457,806,155
86$1,538,880,121$142,726,788$67,782,551$499,293,336
87$1,695,613,843$149,488,351$69,821,217$544,791,069
88$1,868,327,096$156,573,921$71,920,868$594,698,642
89$2,058,649,561$163,999,144$74,083,318$649,455,621
90$2,268,377,140$171,780,426$76,310,433$709,545,940
91$2,499,488,909$179,934,968$78,604,134$775,502,404
92$2,754,165,805$188,480,808$80,966,399$847,911,651
93$3,034,811,207$197,436,858$83,399,264$927,419,617
94$3,344,073,637$206,822,950$85,904,825$1,014,737,560
95$3,684,871,752$216,659,879$88,485,241$1,110,648,700
96$4,060,421,907$226,969,449$91,142,733$1,216,015,526
97$4,474,268,515$237,774,526$93,879,588$1,331,787,856
98$4,930,317,509$249,099,083$96,698,160$1,459,011,712
99$5,432,873,219$260,968,263$99,600,873$1,598,839,102
100$5,986,679,007$273,408,427$102,590,221$1,752,538,798