Can I retire at age 40 with 16,800,000?

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 $16,800,000?

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$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,319,092
2 years$686,796$674,005$661,609$649,590$637,931$617,263
3 years$453,316$440,470$428,105$416,198$404,730$384,601
4 years$336,599$323,792$311,551$299,847$288,657$269,222
5 years$266,587$253,857$241,776$230,312$219,432$200,748
6 years$219,927$207,293$195,391$184,182$173,629$155,716
7 years$186,612$174,085$162,371$151,426$141,207$124,072
8 years$161,637$149,223$137,703$127,028$117,145$100,785
9 years$142,223$129,925$118,604$108,199$98,653$83,060
10 years$126,700$114,523$103,402$93,269$84,057$69,218
11 years$114,008$101,953$91,033$81,172$72,292$58,192
12 years$103,439$91,507$80,790$71,199$62,647$49,269
13 years$94,503$82,696$72,180$62,858$54,629$41,954
14 years$86,849$75,168$64,854$55,798$47,888$35,895
15 years$80,223$68,668$58,555$49,762$42,164$30,832
16 years$74,430$63,001$53,088$44,557$37,265$26,571
17 years$69,325$58,022$48,308$40,034$33,041$22,962
18 years$64,791$53,615$44,099$36,078$29,379$19,891
19 years$60,740$49,690$40,371$32,600$26,186$17,265
20 years$57,098$46,174$37,050$29,526$23,390$15,012
21 years$53,807$43,009$34,079$26,796$20,931$13,072
22 years$50,820$40,148$31,409$24,364$18,762$11,398
23 years$48,096$37,549$29,001$22,189$16,842$9,949
24 years$45,603$35,181$26,821$20,237$15,138$8,693
25 years$43,313$33,016$24,841$18,482$13,622$7,601
26 years$41,203$31,029$23,039$16,899$12,270$6,652
27 years$39,252$29,202$21,394$15,468$11,062$5,824
28 years$37,444$27,517$19,888$14,172$9,982$5,103
29 years$35,763$25,959$18,508$12,996$9,013$4,473
30 years$34,198$24,516$17,239$11,927$8,144$3,922
31 years$32,736$23,176$16,072$10,954$7,363$3,440
32 years$31,368$21,929$14,995$10,067$6,660$3,019
33 years$30,086$20,767$14,001$9,258$6,028$2,650
34 years$28,882$19,682$13,082$8,518$5,457$2,326
35 years$27,750$18,668$12,231$7,841$4,943$2,043
36 years$26,682$17,719$11,441$7,221$4,479$1,794
37 years$25,675$16,829$10,709$6,654$4,059$1,576
38 years$24,723$15,994$10,028$6,133$3,680$1,385
39 years$23,822$15,208$9,396$5,655$3,337$1,217
40 years$22,968$14,469$8,807$5,216$3,027$1,069
41 years$22,158$13,774$8,258$4,812$2,746$940
42 years$21,389$13,117$7,746$4,441$2,492$826
43 years$20,657$12,498$7,269$4,100$2,261$726
44 years$19,961$11,913$6,823$3,785$2,053$638
45 years$19,297$11,361$6,406$3,496$1,863$561
46 years$18,664$10,838$6,017$3,229$1,692$493
47 years$18,060$10,342$5,653$2,983$1,536$434
48 years$17,483$9,873$5,312$2,757$1,395$381
49 years$16,931$9,428$4,993$2,548$1,267$335
50 years$16,403$9,006$4,694$2,355$1,151$295

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $16,800,000, adding $3,135 every year, while hoping to spend $37,836 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: 46/37/17 Blend
39$16,800,000$16,800,000$16,800,000$16,800,000
40$18,516,834$17,626,434$17,366,034$19,278,798
41$20,365,294$18,449,872$17,907,539$20,633,636
42$22,401,028$19,312,390$18,465,916$22,098,554
43$24,643,100$20,215,864$19,041,691$23,687,023
44$27,112,513$21,162,259$19,635,405$25,410,551
45$29,832,415$22,153,635$20,247,616$27,281,767
46$32,828,312$23,192,153$20,878,902$29,314,543
47$36,128,309$24,280,078$21,529,854$31,524,107
48$39,763,378$25,419,783$22,201,086$33,927,190
49$43,767,649$26,613,759$22,893,229$36,542,171
50$48,178,730$27,864,614$23,606,933$39,389,240
51$53,038,065$29,175,085$24,342,870$42,490,586
52$58,391,323$30,548,039$25,101,731$45,870,595
53$64,288,830$31,986,485$25,884,231$49,556,070
54$70,786,042$33,493,575$26,691,104$53,576,477
55$77,944,072$35,072,614$27,523,110$57,964,212
56$85,830,264$36,727,068$28,381,031$62,754,895
57$94,518,828$38,460,572$29,265,673$67,987,697
58$104,091,543$40,276,934$30,177,867$73,705,697
59$114,638,526$42,180,150$31,118,471$79,956,280
60$126,259,086$44,174,407$32,088,370$86,791,568
61$139,062,656$46,264,097$33,088,474$94,268,901
62$153,169,833$48,453,823$34,119,724$102,451,361
63$168,713,509$50,748,414$35,183,088$111,408,361
64$185,840,132$53,152,931$36,279,566$121,216,277
65$204,711,082$55,672,681$37,410,188$131,959,158
66$225,504,200$58,313,230$38,576,017$143,729,500
67$248,415,462$61,080,412$39,778,147$156,629,107
68$273,660,833$63,980,346$41,017,709$170,770,027
69$301,478,301$67,019,446$42,295,866$186,275,597
70$332,130,130$70,204,441$43,613,819$203,281,586
71$365,905,328$73,542,384$44,972,807$221,937,453
72$403,122,381$77,040,670$46,374,105$242,407,740
73$444,132,256$80,707,055$47,819,030$264,873,601
74$489,321,718$84,549,672$49,308,939$289,534,489
75$539,116,976$88,577,049$50,845,231$316,610,015
76$593,987,710$92,798,127$52,429,349$346,341,994
77$654,451,504$97,222,283$54,062,780$378,996,700
78$721,078,732$101,859,350$55,747,058$414,867,352
79$794,497,943$106,719,638$57,483,765$454,276,855
80$875,401,792$111,813,959$59,274,530$497,580,813
81$964,553,584$117,153,652$61,121,035$545,170,857
82$1,062,794,473$122,750,604$63,025,014$597,478,303
83$1,171,051,410$128,617,285$64,988,253$654,978,196
84$1,290,345,890$134,766,768$67,012,595$718,193,750
85$1,421,803,595$141,212,764$69,099,941$787,701,251
86$1,566,665,022$147,969,650$71,252,250$864,135,456
87$1,726,297,195$155,052,503$73,471,541$948,195,546
88$1,902,206,568$162,477,135$75,759,896$1,040,651,674
89$2,096,053,250$170,260,126$78,119,464$1,142,352,195
90$2,309,666,673$178,418,865$80,552,459$1,254,231,626
91$2,545,062,870$186,971,585$83,061,162$1,377,319,410
92$2,804,463,500$195,937,410$85,647,928$1,512,749,588
93$3,090,316,827$205,336,393$88,315,184$1,661,771,443
94$3,405,320,832$215,189,565$91,065,431$1,825,761,240
95$3,752,448,684$225,518,980$93,901,250$2,006,235,150
96$4,134,976,808$236,347,769$96,825,300$2,204,863,504
97$4,556,515,819$247,700,186$99,840,324$2,423,486,492
98$5,021,044,607$259,601,670$102,949,150$2,664,131,463
99$5,532,947,903$272,078,898$106,154,693$2,929,031,992
100$6,097,057,674$285,159,848$109,459,959$3,220,648,886