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%18.7%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,284,943
2 years$682,708$669,993$657,671$645,723$634,134$587,537
3 years$450,618$437,848$425,556$413,721$402,321$357,329
4 years$334,595$321,865$309,696$298,063$286,938$243,896
5 years$265,000$252,346$240,337$228,941$218,126$177,145
6 years$218,618$206,059$194,228$183,086$172,596$133,709
7 years$185,501$173,048$161,404$150,525$140,367$103,565
8 years$160,675$148,334$136,884$126,272$116,448$81,702
9 years$141,376$129,152$117,898$107,555$98,066$65,331
10 years$125,946$113,841$102,786$92,714$83,557$52,778
11 years$113,329$101,346$90,491$80,689$71,862$42,976
12 years$102,823$90,963$80,309$70,775$62,274$35,214
13 years$93,940$82,204$71,750$62,484$54,304$28,997
14 years$86,333$74,721$64,468$55,466$47,603$23,973
15 years$79,745$68,259$58,206$49,466$41,913$19,884
16 years$73,987$62,626$52,772$44,291$37,043$16,535
17 years$68,912$57,676$48,021$39,795$32,845$13,781
18 years$64,405$53,296$43,837$35,864$29,204$11,506
19 years$60,378$49,394$40,130$32,406$26,030$9,621
20 years$56,758$45,899$36,830$29,350$23,251$8,054
21 years$53,487$42,753$33,876$26,637$20,807$6,750
22 years$50,517$39,909$31,222$24,219$18,650$5,661
23 years$47,810$37,326$28,828$22,057$16,742$4,752
24 years$45,332$34,972$26,661$20,117$15,048$3,991
25 years$43,055$32,819$24,694$18,372$13,541$3,353
26 years$40,957$30,845$22,902$16,798$12,197$2,819
27 years$39,018$29,029$21,267$15,376$10,997$2,370
28 years$37,221$27,353$19,770$14,088$9,922$1,994
29 years$35,550$25,805$18,398$12,919$8,960$1,678
30 years$33,994$24,370$17,137$11,856$8,096$1,412
31 years$32,541$23,038$15,976$10,889$7,319$1,188
32 years$31,182$21,798$14,906$10,007$6,621$1,000
33 years$29,907$20,643$13,918$9,202$5,992$842
34 years$28,710$19,565$13,004$8,467$5,425$709
35 years$27,584$18,557$12,158$7,794$4,914$597
36 years$26,523$17,614$11,373$7,178$4,452$503
37 years$25,522$16,729$10,645$6,614$4,035$423
38 years$24,576$15,898$9,969$6,096$3,658$357
39 years$23,680$15,118$9,340$5,621$3,317$300
40 years$22,832$14,383$8,754$5,185$3,009$253
41 years$22,026$13,692$8,209$4,783$2,730$213
42 years$21,262$13,039$7,700$4,415$2,477$180
43 years$20,534$12,424$7,225$4,075$2,248$151
44 years$19,842$11,843$6,782$3,763$2,040$127
45 years$19,182$11,293$6,368$3,475$1,852$107
46 years$18,553$10,773$5,981$3,210$1,682$90
47 years$17,953$10,281$5,619$2,966$1,527$76
48 years$17,379$9,814$5,281$2,740$1,387$64
49 years$16,830$9,372$4,963$2,533$1,260$54
50 years$16,305$8,953$4,666$2,341$1,144$46

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 $5,077 every year, while hoping to spend $20,696 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: 63/13/24 Blend
39$16,700,000$16,700,000$16,700,000$16,700,000
40$18,408,637$17,523,537$17,264,687$19,451,986
41$20,264,298$18,360,170$17,821,034$20,994,529
42$22,308,542$19,237,104$18,395,324$22,675,855
43$24,560,584$20,156,293$18,988,138$24,511,805
44$27,041,596$21,119,784$19,600,073$26,517,506
45$29,774,909$22,129,724$20,231,747$28,709,603
46$32,786,236$23,188,366$20,883,796$31,106,410
47$36,103,908$24,298,072$21,556,879$33,728,082
48$39,759,147$25,461,318$22,251,675$36,596,803
49$43,786,359$26,680,702$22,968,885$39,736,987
50$48,223,457$27,958,946$23,709,232$43,175,507
51$53,112,222$29,298,906$24,473,464$46,941,944
52$58,498,696$30,703,580$25,262,352$51,068,862
53$64,433,614$32,176,106$26,076,692$55,592,112
54$70,972,887$33,719,780$26,917,306$60,551,164
55$78,178,128$35,338,056$27,785,042$65,989,474
56$86,117,233$37,034,557$28,680,777$71,954,891
57$94,865,022$38,813,081$29,605,414$78,500,103
58$104,503,947$40,677,614$30,559,887$85,683,126
59$115,124,866$42,632,334$31,545,160$93,567,850
60$126,827,907$44,681,623$32,562,228$102,224,633
61$139,723,408$46,830,077$33,612,117$111,730,961
62$153,932,960$49,082,515$34,695,887$122,172,170
63$169,590,555$51,443,992$35,814,633$133,642,245
64$186,843,854$53,919,809$36,969,485$146,244,705
65$205,855,573$56,515,526$38,161,609$160,093,564
66$226,805,027$59,236,973$39,392,209$175,314,409
67$249,889,820$62,090,264$40,662,528$192,045,569
68$275,327,708$65,081,813$41,973,848$210,439,417
69$303,358,657$68,218,346$43,327,496$230,663,798
70$334,247,111$71,506,916$44,724,838$252,903,605
71$368,284,482$74,954,920$46,167,285$277,362,513
72$405,791,906$78,570,118$47,656,296$304,264,894
73$447,123,273$82,360,646$49,193,375$333,857,923
74$492,668,568$86,335,039$50,780,074$366,413,900
75$542,857,553$90,502,247$52,417,998$402,232,809
76$598,163,824$94,871,657$54,108,801$441,645,140
77$659,109,280$99,453,115$55,854,192$485,014,994
78$726,269,054$104,256,945$57,655,935$532,743,509
79$800,276,940$109,293,978$59,515,851$585,272,629
80$881,831,376$114,575,571$61,435,820$643,089,269
81$971,702,040$120,113,637$63,417,783$706,729,892
82$1,070,737,113$125,920,670$65,463,744$776,785,555
83$1,179,871,290$132,009,774$67,575,771$853,907,482
84$1,300,134,600$138,394,693$69,755,998$938,813,184
85$1,432,662,137$145,089,840$72,006,632$1,032,293,222
86$1,578,704,767$152,110,334$74,329,946$1,135,218,652
87$1,739,640,945$159,472,032$76,728,290$1,248,549,223
88$1,916,989,724$167,191,564$79,204,091$1,373,342,424
89$2,112,425,098$175,286,374$81,759,851$1,510,763,441
90$2,327,791,808$183,774,755$84,398,155$1,662,096,140
91$2,565,122,751$192,675,897$87,121,672$1,828,755,160
92$2,826,658,180$202,009,924$89,933,156$2,012,299,246
93$3,114,866,849$211,797,945$92,835,452$2,214,445,940
94$3,432,469,323$222,062,100$95,831,495$2,437,087,769
95$3,782,463,660$232,825,609$98,924,316$2,682,310,082
96$4,168,153,717$244,112,827$102,117,044$2,952,410,715
97$4,593,180,341$255,949,301$105,412,910$3,249,921,646
98$5,061,555,741$268,361,822$108,815,248$3,577,632,872
99$5,577,701,369$281,378,493$112,327,501$3,938,618,718
100$6,146,489,659$295,028,790$115,953,223$4,336,266,822