Can I retire at age 40 with 16,900,000?

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,329,138
2 years$690,884$678,017$665,547$653,456$641,728$623,131
3 years$456,014$443,092$430,653$418,676$407,139$389,013
4 years$338,602$325,719$313,405$301,632$290,375$272,861
5 years$268,174$255,368$243,215$231,683$220,738$203,888
6 years$221,236$208,527$196,554$185,278$174,663$158,495
7 years$187,723$175,121$163,337$152,328$142,048$126,569
8 years$162,599$150,111$138,523$127,784$117,842$103,050
9 years$143,069$130,698$119,310$108,843$99,240$85,128
10 years$127,454$115,204$104,017$93,824$84,558$71,115
11 years$114,686$102,560$91,575$81,655$72,722$59,936
12 years$104,054$92,052$81,270$71,622$63,020$50,876
13 years$95,065$83,188$72,610$63,232$54,954$43,436
14 years$87,366$75,616$65,240$56,130$48,173$37,262
15 years$80,700$69,076$58,903$50,058$42,415$32,094
16 years$74,873$63,376$53,404$44,822$37,487$27,736
17 years$69,737$58,367$48,596$40,272$33,238$24,037
18 years$65,177$53,934$44,362$36,293$29,554$20,882
19 years$61,101$49,985$40,611$32,794$26,342$18,179
20 years$57,438$46,449$37,271$29,701$23,529$15,853
21 years$54,127$43,265$34,282$26,956$21,056$13,847
22 years$51,122$40,386$31,596$24,509$18,874$12,110
23 years$48,382$37,773$29,173$22,321$16,942$10,603
24 years$45,874$35,391$26,980$20,358$15,228$9,293
25 years$43,571$33,212$24,989$18,592$13,703$8,152
26 years$41,448$31,214$23,176$17,000$12,343$7,156
27 years$39,485$29,376$21,521$15,560$11,128$6,286
28 years$37,666$27,681$20,007$14,256$10,041$5,525
29 years$35,976$26,114$18,618$13,073$9,067$4,859
30 years$34,401$24,662$17,342$11,998$8,193$4,275
31 years$32,931$23,314$16,167$11,019$7,407$3,762
32 years$31,555$22,059$15,084$10,127$6,700$3,312
33 years$30,265$20,891$14,084$9,313$6,064$2,917
34 years$29,054$19,800$13,160$8,568$5,490$2,570
35 years$27,915$18,780$12,303$7,888$4,972$2,264
36 years$26,841$17,825$11,510$7,264$4,505$1,995
37 years$25,828$16,929$10,773$6,693$4,083$1,759
38 years$24,870$16,089$10,088$6,169$3,702$1,551
39 years$23,964$15,299$9,452$5,688$3,357$1,367
40 years$23,105$14,556$8,859$5,247$3,045$1,206
41 years$22,290$13,856$8,307$4,841$2,762$1,063
42 years$21,516$13,196$7,792$4,467$2,507$938
43 years$20,780$12,573$7,312$4,124$2,275$827
44 years$20,080$11,984$6,863$3,808$2,065$730
45 years$19,412$11,428$6,445$3,517$1,875$644
46 years$18,775$10,902$6,053$3,248$1,702$568
47 years$18,168$10,404$5,687$3,001$1,545$501
48 years$17,587$9,932$5,344$2,773$1,404$442
49 years$17,032$9,484$5,023$2,563$1,275$390
50 years$16,500$9,060$4,722$2,369$1,158$344

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $16,900,000, adding $2,909 every year, while hoping to spend $52,847 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: 35/40/25 Blend
39$16,900,000$16,900,000$16,900,000$16,900,000
40$18,626,801$17,731,101$17,469,151$19,137,728
41$20,470,505$18,543,696$17,998,138$20,330,258
42$22,500,497$19,394,337$18,543,076$21,611,066
43$24,735,721$20,284,832$19,104,442$22,992,003
44$27,197,053$21,217,078$19,682,729$24,482,044
45$29,907,497$22,193,059$20,278,445$26,091,026
46$32,892,401$23,214,858$20,892,113$27,829,734
47$36,179,697$24,284,657$21,524,269$29,709,997
48$39,800,163$25,404,743$22,175,470$31,744,789
49$43,787,717$26,577,512$22,846,285$33,948,344
50$48,179,731$27,805,478$23,537,303$36,336,284
51$53,017,389$29,091,271$24,249,128$38,925,755
52$58,346,073$30,437,654$24,982,384$41,735,579
53$64,215,791$31,847,518$25,737,713$44,786,425
54$70,681,651$33,323,895$26,515,775$48,100,991
55$77,804,378$34,869,965$27,317,252$51,704,208
56$85,650,888$36,489,057$28,142,844$55,623,464
57$94,294,923$38,184,664$28,993,273$59,888,854
58$103,817,739$39,960,447$29,869,282$64,533,448
59$114,308,882$41,820,243$30,771,637$69,593,589
60$125,867,026$43,768,073$31,701,125$75,109,228
61$138,600,908$45,808,154$32,658,558$81,124,284
62$152,630,353$47,944,905$33,644,771$87,687,044
63$168,087,404$50,182,960$34,660,626$94,850,604
64$185,117,569$52,527,176$35,707,007$102,673,354
65$203,881,197$54,982,643$36,784,828$111,219,511
66$224,554,986$57,554,700$37,895,027$120,559,712
67$247,333,656$60,248,942$39,038,571$130,771,657
68$272,431,784$63,071,234$40,216,458$141,940,828
69$300,085,828$66,027,727$41,429,711$154,161,272
70$330,556,364$69,124,867$42,679,388$167,536,472
71$364,130,540$72,369,413$43,966,575$182,180,297
72$401,124,792$75,768,451$45,292,392$198,218,060
73$441,887,825$79,329,409$46,657,991$215,787,672
74$486,803,908$83,060,075$48,064,559$235,040,919
75$536,296,504$86,968,616$49,513,319$256,144,874
76$590,832,260$91,063,590$51,005,527$279,283,439
77$650,925,418$95,353,974$52,542,480$304,659,060
78$717,142,669$99,849,177$54,125,512$332,494,601
79$790,108,500$104,559,066$55,755,995$363,035,422
80$870,511,090$109,493,983$57,435,344$396,551,661
81$959,108,807$114,664,774$59,165,013$433,340,745
82$1,056,737,367$120,082,809$60,946,503$473,730,171
83$1,164,317,723$125,760,012$62,781,356$518,080,551
84$1,282,864,759$131,708,881$64,671,160$566,788,981
85$1,413,496,872$137,942,524$66,617,551$620,292,751
86$1,557,446,528$144,474,682$68,622,214$679,073,423
87$1,716,071,897$151,319,765$70,686,882$743,661,338
88$1,890,869,677$158,492,880$72,813,339$814,640,574
89$2,083,489,222$166,009,869$75,003,424$892,654,409
90$2,295,748,112$173,887,342$77,259,028$978,411,342
91$2,529,649,313$182,142,715$79,582,099$1,072,691,729
92$2,787,400,086$190,794,251$81,974,642$1,176,355,091
93$3,071,432,823$199,861,098$84,438,721$1,290,348,172
94$3,384,428,015$209,363,335$86,976,461$1,415,713,811
95$3,729,339,551$219,322,017$89,590,051$1,553,600,723
96$4,109,422,609$229,759,220$92,281,742$1,705,274,277
97$4,528,264,389$240,698,095$95,053,854$1,872,128,368
98$4,989,817,970$252,162,916$97,908,772$2,055,698,503
99$5,498,439,642$264,179,137$100,848,954$2,257,676,219
100$6,058,930,021$276,773,451$103,876,930$2,479,924,967