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%16.3%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,305,152
2 years$686,796$674,005$661,609$649,590$637,931$603,399
3 years$453,316$440,470$428,105$416,198$404,730$371,249
4 years$336,599$323,792$311,551$299,847$288,657$256,485
5 years$266,587$253,857$241,776$230,312$219,432$188,659
6 years$219,927$207,293$195,391$184,182$173,629$144,284
7 years$186,612$174,085$162,371$151,426$141,207$113,293
8 years$161,637$149,223$137,703$127,028$117,145$90,649
9 years$142,223$129,925$118,604$108,199$98,653$73,551
10 years$126,700$114,523$103,402$93,269$84,057$60,320
11 years$114,008$101,953$91,033$81,172$72,292$49,883
12 years$103,439$91,507$80,790$71,199$62,647$41,527
13 years$94,503$82,696$72,180$62,858$54,629$34,756
14 years$86,849$75,168$64,854$55,798$47,888$29,216
15 years$80,223$68,668$58,555$49,762$42,164$24,647
16 years$74,430$63,001$53,088$44,557$37,265$20,854
17 years$69,325$58,022$48,308$40,034$33,041$17,688
18 years$64,791$53,615$44,099$36,078$29,379$15,034
19 years$60,740$49,690$40,371$32,600$26,186$12,800
20 years$57,098$46,174$37,050$29,526$23,390$10,914
21 years$53,807$43,009$34,079$26,796$20,931$9,317
22 years$50,820$40,148$31,409$24,364$18,762$7,963
23 years$48,096$37,549$29,001$22,189$16,842$6,811
24 years$45,603$35,181$26,821$20,237$15,138$5,830
25 years$43,313$33,016$24,841$18,482$13,622$4,994
26 years$41,203$31,029$23,039$16,899$12,270$4,280
27 years$39,252$29,202$21,394$15,468$11,062$3,670
28 years$37,444$27,517$19,888$14,172$9,982$3,148
29 years$35,763$25,959$18,508$12,996$9,013$2,701
30 years$34,198$24,516$17,239$11,927$8,144$2,318
31 years$32,736$23,176$16,072$10,954$7,363$1,990
32 years$31,368$21,929$14,995$10,067$6,660$1,709
33 years$30,086$20,767$14,001$9,258$6,028$1,468
34 years$28,882$19,682$13,082$8,518$5,457$1,261
35 years$27,750$18,668$12,231$7,841$4,943$1,083
36 years$26,682$17,719$11,441$7,221$4,479$931
37 years$25,675$16,829$10,709$6,654$4,059$800
38 years$24,723$15,994$10,028$6,133$3,680$687
39 years$23,822$15,208$9,396$5,655$3,337$591
40 years$22,968$14,469$8,807$5,216$3,027$508
41 years$22,158$13,774$8,258$4,812$2,746$436
42 years$21,389$13,117$7,746$4,441$2,492$375
43 years$20,657$12,498$7,269$4,100$2,261$323
44 years$19,961$11,913$6,823$3,785$2,053$277
45 years$19,297$11,361$6,406$3,496$1,863$238
46 years$18,664$10,838$6,017$3,229$1,692$205
47 years$18,060$10,342$5,653$2,983$1,536$176
48 years$17,483$9,873$5,312$2,757$1,395$151
49 years$16,931$9,428$4,993$2,548$1,267$130
50 years$16,403$9,006$4,694$2,355$1,151$112

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 $5,817 every year, while hoping to spend $27,715 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: 60/26/14 Blend
39$16,800,000$16,800,000$16,800,000$16,800,000
40$18,519,600$17,629,200$17,368,800$19,565,968
41$20,379,111$18,463,543$17,921,166$21,105,747
42$22,427,363$19,337,839$18,491,108$22,781,045
43$24,683,578$20,254,017$19,079,185$24,607,897
44$27,168,939$21,214,100$19,685,973$26,600,945
45$29,906,788$22,220,208$20,312,070$28,776,286
46$32,922,845$23,274,563$20,958,090$31,151,623
47$36,245,456$24,379,497$21,624,666$33,746,425
48$39,905,854$25,537,454$22,312,454$36,582,105
49$43,938,458$26,750,996$23,022,128$39,682,219
50$48,381,198$28,022,812$23,754,386$43,072,677
51$53,275,869$29,355,719$24,509,947$46,781,989
52$58,668,530$30,752,671$25,289,553$50,841,522
53$64,609,935$32,216,768$26,093,969$55,285,791
54$71,156,017$33,751,257$26,923,985$60,152,778
55$78,368,408$35,359,547$27,780,416$65,484,282
56$86,315,030$37,045,209$28,664,104$71,326,309
57$95,070,728$38,811,989$29,575,916$77,729,495
58$104,717,981$40,663,815$30,516,748$84,749,575
59$115,347,681$42,604,807$31,487,525$92,447,904
60$127,059,986$44,639,285$32,489,199$100,892,023
61$139,965,272$46,771,777$33,522,754$110,156,291
62$154,185,170$49,007,035$34,589,207$120,322,573
63$169,853,716$51,350,038$35,689,604$131,481,003
64$187,118,616$53,806,011$36,825,027$143,730,825
65$206,142,640$56,380,431$37,996,590$157,181,320
66$227,105,159$59,079,042$39,205,446$171,952,820
67$250,203,838$61,907,868$40,452,781$188,177,836
68$275,656,502$64,873,226$41,739,822$206,002,295
69$303,703,192$67,981,740$43,067,833$225,586,901
70$334,608,431$71,240,358$44,438,118$247,108,641
71$368,663,720$74,656,365$45,852,024$270,762,437
72$406,190,294$78,237,401$47,310,941$296,762,976
73$447,542,148$81,991,479$48,816,303$325,346,711
74$493,109,386$85,927,000$50,369,588$356,774,084
75$543,321,897$90,052,777$51,972,323$391,331,964
76$598,653,419$94,378,050$53,626,083$429,336,333
77$659,626,004$98,912,512$55,332,494$471,135,253
78$726,814,957$103,666,325$57,093,233$517,112,128
79$800,854,256$108,650,149$58,910,030$567,689,303
80$882,442,546$113,875,162$60,784,671$623,332,029
81$972,349,727$119,353,086$62,718,999$684,552,829
82$1,071,424,229$125,096,217$64,714,916$751,916,313
83$1,180,601,018$131,117,449$66,774,382$826,044,482
84$1,300,910,422$137,430,304$68,899,424$907,622,568
85$1,433,487,860$144,048,964$71,092,130$997,405,484
86$1,579,584,561$150,988,303$73,354,655$1,096,224,908
87$1,740,579,375$158,263,918$75,689,225$1,204,997,114
88$1,917,991,791$165,892,171$78,098,134$1,324,731,583
89$2,113,496,284$173,890,217$80,583,752$1,456,540,498
90$2,328,938,118$182,276,051$83,148,521$1,601,649,212
91$2,566,350,774$191,068,545$85,794,965$1,761,407,773
92$2,827,975,142$200,287,493$88,525,684$1,937,303,632
93$3,116,280,677$209,953,651$91,343,366$2,130,975,646
94$3,433,988,717$220,088,791$94,250,780$2,344,229,500
95$3,784,098,171$230,715,746$97,250,785$2,579,054,716
96$4,169,913,831$241,858,464$100,346,333$2,837,643,380
97$4,595,077,575$253,542,062$103,540,468$3,122,410,793
98$5,063,602,745$265,792,880$106,836,331$3,436,018,216
99$5,579,912,041$278,638,547$110,237,164$3,781,397,944
100$6,148,879,272$292,108,039$113,746,312$4,161,780,927