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 $6,859 every year, while hoping to spend $56,958 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: 53/38/9 Blend
39$16,700,000$16,700,000$16,700,000$16,700,000
40$18,410,475$17,525,375$17,266,525$19,344,297
41$20,227,741$18,323,516$17,784,351$20,777,133
42$22,228,458$19,158,856$18,317,615$22,328,401
43$24,431,280$20,033,159$18,866,774$24,014,725
44$26,856,759$20,948,272$19,432,299$25,848,888
45$29,527,541$21,906,130$20,014,673$27,844,935
46$32,468,581$22,908,762$20,614,396$30,018,295
47$35,707,379$23,958,293$21,231,981$32,385,925
48$39,274,235$25,056,953$21,867,955$34,966,459
49$43,202,538$26,207,074$22,522,863$37,780,381
50$47,529,081$27,411,106$23,197,264$40,850,208
51$52,294,408$28,671,611$23,891,733$44,200,695
52$57,543,196$29,991,277$24,606,864$47,859,062
53$63,324,674$31,372,923$25,343,266$51,855,243
54$69,693,094$32,819,499$26,101,569$56,222,160
55$76,708,236$34,334,100$26,882,417$60,996,021
56$84,435,975$35,919,970$27,686,477$66,216,656
57$92,948,903$37,580,508$28,514,433$71,927,883
58$102,327,015$39,319,277$29,366,991$78,177,909
59$112,658,460$41,140,011$30,244,874$85,019,775
60$124,040,377$43,046,624$31,148,831$92,511,846
61$136,579,807$45,043,221$32,079,628$100,718,347
62$150,394,709$47,134,101$33,038,058$109,709,963
63$165,615,071$49,323,773$34,024,934$119,564,485
64$182,384,132$51,616,961$35,041,093$130,367,538
65$200,859,741$54,018,621$36,087,398$142,213,369
66$221,215,845$56,533,943$37,164,736$155,205,725
67$243,644,125$59,168,371$38,274,019$169,458,816
68$268,355,815$61,927,610$39,416,187$185,098,376
69$295,583,687$64,817,641$40,592,208$202,262,832
70$325,584,252$67,844,735$41,803,076$221,104,596
71$358,640,183$71,015,463$43,049,816$241,791,479
72$395,062,977$74,336,718$44,333,481$264,508,262
73$435,195,905$77,815,720$45,655,156$289,458,413
74$479,417,240$81,460,044$47,015,957$316,865,991
75$528,143,840$85,277,627$48,417,033$346,977,737
76$581,835,072$89,276,792$49,859,565$380,065,377
77$640,997,159$93,466,263$51,344,769$416,428,167
78$706,187,947$97,855,189$52,873,897$456,395,685
79$778,022,183$102,453,158$54,448,237$500,330,923
80$857,177,306$107,270,223$56,069,114$548,633,679
81$944,399,854$112,316,926$57,737,892$601,744,303
82$1,040,512,500$117,604,317$59,455,973$660,147,822
83$1,146,421,829$123,143,982$61,224,801$724,378,488
84$1,263,126,886$128,948,068$63,045,863$795,024,786
85$1,391,728,615$135,029,310$64,920,686$872,734,952
86$1,533,440,248$141,401,060$66,850,843$958,223,054
87$1,689,598,760$148,077,319$68,837,953$1,052,275,700
88$1,861,677,489$155,072,764$70,883,680$1,155,759,412
89$2,051,300,049$162,402,785$72,989,739$1,269,628,773
90$2,260,255,650$170,083,517$75,157,892$1,394,935,386
91$2,490,515,997$178,131,880$77,389,952$1,532,837,758
92$2,744,253,899$186,565,613$79,687,785$1,684,612,186
93$3,023,863,783$195,403,314$82,053,312$1,851,664,751
94$3,331,984,298$204,664,486$84,488,508$2,035,544,543
95$3,671,523,229$214,369,578$86,995,405$2,237,958,221
96$4,045,684,940$224,540,029$89,576,093$2,460,786,069
97$4,458,000,637$235,198,323$92,232,725$2,706,099,686
98$4,912,361,692$246,368,032$94,967,512$2,976,181,470
99$5,413,056,393$258,073,874$97,782,732$3,273,546,104
100$5,964,810,418$270,341,767$100,680,726$3,600,964,218