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

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,311,240
2 years$682,708$669,993$657,671$645,723$634,134$613,589
3 years$450,618$437,848$425,556$413,721$402,321$382,311
4 years$334,595$321,865$309,696$298,063$286,938$267,619
5 years$265,000$252,346$240,337$228,941$218,126$199,553
6 years$218,618$206,059$194,228$183,086$172,596$154,790
7 years$185,501$173,048$161,404$150,525$140,367$123,334
8 years$160,675$148,334$136,884$126,272$116,448$100,185
9 years$141,376$129,152$117,898$107,555$98,066$82,565
10 years$125,946$113,841$102,786$92,714$83,557$68,806
11 years$113,329$101,346$90,491$80,689$71,862$57,846
12 years$102,823$90,963$80,309$70,775$62,274$48,976
13 years$93,940$82,204$71,750$62,484$54,304$41,704
14 years$86,333$74,721$64,468$55,466$47,603$35,681
15 years$79,745$68,259$58,206$49,466$41,913$30,648
16 years$73,987$62,626$52,772$44,291$37,043$26,413
17 years$68,912$57,676$48,021$39,795$32,845$22,826
18 years$64,405$53,296$43,837$35,864$29,204$19,773
19 years$60,378$49,394$40,130$32,406$26,030$17,163
20 years$56,758$45,899$36,830$29,350$23,251$14,923
21 years$53,487$42,753$33,876$26,637$20,807$12,995
22 years$50,517$39,909$31,222$24,219$18,650$11,330
23 years$47,810$37,326$28,828$22,057$16,742$9,890
24 years$45,332$34,972$26,661$20,117$15,048$8,641
25 years$43,055$32,819$24,694$18,372$13,541$7,556
26 years$40,957$30,845$22,902$16,798$12,197$6,612
27 years$39,018$29,029$21,267$15,376$10,997$5,790
28 years$37,221$27,353$19,770$14,088$9,922$5,072
29 years$35,550$25,805$18,398$12,919$8,960$4,446
30 years$33,994$24,370$17,137$11,856$8,096$3,899
31 years$32,541$23,038$15,976$10,889$7,319$3,420
32 years$31,182$21,798$14,906$10,007$6,621$3,001
33 years$29,907$20,643$13,918$9,202$5,992$2,634
34 years$28,710$19,565$13,004$8,467$5,425$2,313
35 years$27,584$18,557$12,158$7,794$4,914$2,031
36 years$26,523$17,614$11,373$7,178$4,452$1,784
37 years$25,522$16,729$10,645$6,614$4,035$1,567
38 years$24,576$15,898$9,969$6,096$3,658$1,377
39 years$23,680$15,118$9,340$5,621$3,317$1,210
40 years$22,832$14,383$8,754$5,185$3,009$1,063
41 years$22,026$13,692$8,209$4,783$2,730$934
42 years$21,262$13,039$7,700$4,415$2,477$821
43 years$20,534$12,424$7,225$4,075$2,248$722
44 years$19,842$11,843$6,782$3,763$2,040$635
45 years$19,182$11,293$6,368$3,475$1,852$558
46 years$18,553$10,773$5,981$3,210$1,682$490
47 years$17,953$10,281$5,619$2,966$1,527$431
48 years$17,379$9,814$5,281$2,740$1,387$379
49 years$16,830$9,372$4,963$2,533$1,260$333
50 years$16,305$8,953$4,666$2,341$1,144$293

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 $4,555 every year, while hoping to spend $26,492 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: 83/9/8 Blend
39$16,700,000$16,700,000$16,700,000$16,700,000
40$18,408,098$17,522,998$17,264,148$19,918,466
41$20,257,537$18,353,438$17,814,310$21,736,980
42$22,294,731$19,223,681$18,382,014$23,729,499
43$24,538,802$20,135,651$18,967,821$25,916,679
44$27,010,824$21,091,362$19,572,307$28,318,033
45$29,734,018$22,092,928$20,196,069$30,955,049
46$32,733,973$23,142,566$20,839,722$33,851,393
47$36,038,886$24,242,600$21,503,900$37,033,129
48$39,679,830$25,395,466$22,189,259$40,528,961
49$43,691,048$26,603,718$22,896,475$44,370,506
50$48,110,272$27,870,038$23,626,244$48,592,588
51$52,979,083$29,197,233$24,379,286$53,233,565
52$58,343,302$30,588,250$25,156,345$58,335,686
53$64,253,423$32,046,178$25,958,186$63,945,490
54$70,765,087$33,574,256$26,785,601$70,114,244
55$77,939,613$35,175,881$27,639,405$76,898,420
56$85,844,569$36,854,616$28,520,441$84,360,226
57$94,554,418$38,614,194$29,429,578$92,568,195
58$104,151,212$40,458,533$30,367,713$101,597,822
59$114,725,375$42,391,741$31,335,770$111,532,277
60$126,376,551$44,418,124$32,334,706$122,463,187
61$139,214,546$46,542,199$33,365,506$134,491,495
62$153,360,366$48,768,703$34,429,187$147,728,411
63$168,947,357$51,102,602$35,526,798$162,296,458
64$186,122,464$53,549,106$36,659,422$178,330,622
65$205,047,619$56,113,677$37,828,177$195,979,625
66$225,901,272$58,802,043$39,034,216$215,407,323
67$248,880,069$61,620,210$40,278,730$236,794,246
68$274,200,715$64,574,479$41,562,946$260,339,302
69$302,102,015$67,671,456$42,888,133$286,261,645
70$332,847,133$70,918,069$44,255,596$314,802,743
71$366,726,069$74,321,583$45,666,688$346,228,646
72$404,058,406$77,889,618$47,122,800$380,832,497
73$445,196,318$81,630,165$48,625,369$418,937,291
74$490,527,903$85,551,603$50,175,879$460,898,917
75$540,480,838$89,662,721$51,775,860$507,109,512
76$595,526,424$93,972,735$53,426,891$558,001,157
77$656,184,030$98,491,310$55,130,603$614,049,947
78$723,026,001$103,228,584$56,888,678$675,780,476
79$796,683,056$108,195,187$58,702,851$743,770,787
80$877,850,244$113,402,268$60,574,914$818,657,815
81$967,293,510$118,861,520$62,506,715$901,143,395
82$1,065,856,919$124,585,205$64,500,160$992,000,876
83$1,174,470,629$130,586,185$66,557,220$1,092,082,412
84$1,294,159,671$136,877,946$68,679,925$1,202,327,002
85$1,426,053,626$143,474,633$70,870,371$1,323,769,335
86$1,571,397,289$150,391,084$73,130,721$1,457,549,557
87$1,731,562,421$157,642,855$75,463,209$1,604,924,015
88$1,908,060,698$165,246,265$77,870,136$1,767,277,111
89$2,102,557,985$173,218,428$80,353,882$1,946,134,358
90$2,316,890,061$181,577,293$82,916,899$2,143,176,766
91$2,553,079,951$190,341,683$85,561,718$2,360,256,702
92$2,813,357,022$199,531,342$88,290,952$2,599,415,362
93$3,100,178,038$209,166,977$91,107,298$2,862,902,023
94$3,416,250,342$219,270,303$94,013,537$3,153,195,269
95$3,764,557,427$229,864,098$97,012,540$3,473,026,366
96$4,148,387,095$240,972,250$100,107,272$3,825,405,039
97$4,571,362,502$252,619,813$103,300,788$4,213,647,859
98$5,037,476,357$264,833,064$106,596,244$4,641,409,541
99$5,551,128,624$277,639,563$109,996,897$5,112,717,429
100$6,117,168,058$291,068,215$113,506,107$5,632,009,490