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%12.3%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,318,872
2 years$682,708$669,993$657,671$645,723$634,134$621,230
3 years$450,618$437,848$425,556$413,721$402,321$389,723
4 years$334,595$321,865$309,696$298,063$286,938$274,743
5 years$265,000$252,346$240,337$228,941$218,126$206,370
6 years$218,618$206,059$194,228$183,086$172,596$161,293
7 years$185,501$173,048$161,404$150,525$140,367$129,521
8 years$160,675$148,334$136,884$126,272$116,448$106,060
9 years$141,376$129,152$117,898$107,555$98,066$88,133
10 years$125,946$113,841$102,786$92,714$83,557$74,072
11 years$113,329$101,346$90,491$80,689$71,862$62,817
12 years$102,823$90,963$80,309$70,775$62,274$53,661
13 years$93,940$82,204$71,750$62,484$54,304$46,113
14 years$86,333$74,721$64,468$55,466$47,603$39,823
15 years$79,745$68,259$58,206$49,466$41,913$34,532
16 years$73,987$62,626$52,772$44,291$37,043$30,049
17 years$68,912$57,676$48,021$39,795$32,845$26,226
18 years$64,405$53,296$43,837$35,864$29,204$22,947
19 years$60,378$49,394$40,130$32,406$26,030$20,122
20 years$56,758$45,899$36,830$29,350$23,251$17,678
21 years$53,487$42,753$33,876$26,637$20,807$15,556
22 years$50,517$39,909$31,222$24,219$18,650$13,708
23 years$47,810$37,326$28,828$22,057$16,742$12,095
24 years$45,332$34,972$26,661$20,117$15,048$10,683
25 years$43,055$32,819$24,694$18,372$13,541$9,445
26 years$40,957$30,845$22,902$16,798$12,197$8,357
27 years$39,018$29,029$21,267$15,376$10,997$7,400
28 years$37,221$27,353$19,770$14,088$9,922$6,557
29 years$35,550$25,805$18,398$12,919$8,960$5,813
30 years$33,994$24,370$17,137$11,856$8,096$5,156
31 years$32,541$23,038$15,976$10,889$7,319$4,575
32 years$31,182$21,798$14,906$10,007$6,621$4,062
33 years$29,907$20,643$13,918$9,202$5,992$3,607
34 years$28,710$19,565$13,004$8,467$5,425$3,204
35 years$27,584$18,557$12,158$7,794$4,914$2,847
36 years$26,523$17,614$11,373$7,178$4,452$2,530
37 years$25,522$16,729$10,645$6,614$4,035$2,249
38 years$24,576$15,898$9,969$6,096$3,658$2,000
39 years$23,680$15,118$9,340$5,621$3,317$1,778
40 years$22,832$14,383$8,754$5,185$3,009$1,582
41 years$22,026$13,692$8,209$4,783$2,730$1,407
42 years$21,262$13,039$7,700$4,415$2,477$1,252
43 years$20,534$12,424$7,225$4,075$2,248$1,114
44 years$19,842$11,843$6,782$3,763$2,040$991
45 years$19,182$11,293$6,368$3,475$1,852$882
46 years$18,553$10,773$5,981$3,210$1,682$785
47 years$17,953$10,281$5,619$2,966$1,527$698
48 years$17,379$9,814$5,281$2,740$1,387$622
49 years$16,830$9,372$4,963$2,533$1,260$553
50 years$16,305$8,953$4,666$2,341$1,144$493

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 $2,220 every year, while hoping to spend $20,185 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: 44/48/8 Blend
39$16,700,000$16,700,000$16,700,000$16,700,000
40$18,405,690$17,520,590$17,261,740$19,173,556
41$20,261,594$18,357,622$17,818,532$20,542,634
42$22,306,123$19,234,992$18,393,299$22,023,329
43$24,558,496$20,154,656$18,986,624$23,627,634
44$27,039,892$21,118,663$19,599,105$25,366,902
45$29,773,648$22,129,165$20,231,361$27,253,581
46$32,785,481$23,188,414$20,884,033$29,301,329
47$36,103,731$24,298,778$21,557,779$31,525,133
48$39,759,627$25,462,734$22,253,280$33,941,442
49$43,787,585$26,682,883$22,971,241$36,568,308
50$48,225,527$27,961,953$23,712,385$39,425,554
51$53,115,244$29,302,802$24,477,464$42,534,945
52$58,502,791$30,708,431$25,267,251$45,920,386
53$64,438,915$32,181,984$26,082,544$49,608,134
54$70,979,543$33,726,760$26,924,168$53,627,034
55$78,186,303$35,346,217$27,792,973$58,008,781
56$86,127,107$37,043,983$28,689,839$62,788,205
57$94,876,796$38,823,863$29,615,673$68,003,584
58$104,517,843$40,689,845$30,571,412$73,696,993
59$115,141,130$42,646,115$31,558,021$79,914,688
60$126,846,810$44,697,059$32,576,499$86,707,521
61$139,745,250$46,847,280$33,627,877$94,131,410
62$153,958,072$49,101,604$34,713,218$102,247,847
63$169,619,305$51,465,092$35,833,621$111,124,456
64$186,876,646$53,943,053$36,990,218$120,835,621
65$205,892,854$56,541,053$38,184,181$131,463,160
66$226,847,292$59,264,931$39,416,718$143,097,082
67$249,937,613$62,120,810$40,689,075$155,836,412
68$275,381,632$65,115,112$42,002,541$169,790,104
69$303,419,377$68,254,572$43,358,446$185,078,044
70$334,315,361$71,546,254$44,758,161$201,832,159
71$368,361,072$74,997,564$46,203,104$220,197,634
72$405,877,730$78,616,274$47,694,737$240,334,253
73$447,219,318$82,410,531$49,234,570$262,417,886
74$492,775,923$86,388,881$50,824,162$286,642,109
75$542,977,419$90,560,288$52,465,123$313,220,005
76$598,297,525$94,934,152$54,159,115$342,386,144
77$659,258,280$99,520,332$55,907,852$374,398,756
78$726,434,965$104,329,168$57,713,105$409,542,137
79$800,461,540$109,371,507$59,576,703$448,129,295
80$882,036,628$114,658,722$61,500,534$490,504,861
81$971,930,107$120,202,742$63,486,545$537,048,301
82$1,070,990,383$126,016,081$65,536,748$588,177,456
83$1,180,152,393$132,111,860$67,653,220$644,352,440
84$1,300,446,439$138,503,843$69,838,106$706,079,932
85$1,433,007,912$145,206,467$72,093,618$773,917,912
86$1,579,088,006$152,234,871$74,422,041$848,480,873
87$1,740,065,538$159,604,936$76,825,735$930,445,565
88$1,917,459,962$167,333,316$79,307,136$1,020,557,329
89$2,112,945,710$175,437,481$81,868,757$1,119,637,069
90$2,328,368,007$183,935,752$84,513,195$1,228,588,937
91$2,565,760,285$192,847,345$87,243,129$1,348,408,802
92$2,827,363,387$202,192,418$90,061,326$1,480,193,580
93$3,115,646,715$211,992,109$92,970,643$1,625,151,516
94$3,433,331,548$222,268,591$95,974,028$1,784,613,514
95$3,783,416,734$233,045,120$99,074,526$1,960,045,615
96$4,169,206,998$244,346,088$102,275,280$2,153,062,756
97$4,594,344,145$256,197,078$105,579,534$2,365,443,927
98$5,062,841,438$268,624,926$108,990,639$2,599,148,868
99$5,579,121,492$281,657,775$112,512,053$2,856,336,473
100$6,148,058,024$295,325,145$116,147,347$3,139,385,069