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%16.8%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,310,270
2 years$690,884$678,017$665,547$653,456$641,728$604,368
3 years$456,014$443,092$430,653$418,676$407,139$370,948
4 years$338,602$325,719$313,405$301,632$290,375$255,631
5 years$268,174$255,368$243,215$231,683$220,738$187,537
6 years$221,236$208,527$196,554$185,278$174,663$143,035
7 years$187,723$175,121$163,337$152,328$142,048$111,994
8 years$162,599$150,111$138,523$127,784$117,842$89,347
9 years$143,069$130,698$119,310$108,843$99,240$72,276
10 years$127,454$115,204$104,017$93,824$84,558$59,089
11 years$114,686$102,560$91,575$81,655$72,722$48,710
12 years$104,054$92,052$81,270$71,622$63,020$40,417
13 years$95,065$83,188$72,610$63,232$54,954$33,713
14 years$87,366$75,616$65,240$56,130$48,173$28,242
15 years$80,700$69,076$58,903$50,058$42,415$23,742
16 years$74,873$63,376$53,404$44,822$37,487$20,016
17 years$69,737$58,367$48,596$40,272$33,238$16,916
18 years$65,177$53,934$44,362$36,293$29,554$14,324
19 years$61,101$49,985$40,611$32,794$26,342$12,150
20 years$57,438$46,449$37,271$29,701$23,529$10,321
21 years$54,127$43,265$34,282$26,956$21,056$8,777
22 years$51,122$40,386$31,596$24,509$18,874$7,472
23 years$48,382$37,773$29,173$22,321$16,942$6,366
24 years$45,874$35,391$26,980$20,358$15,228$5,428
25 years$43,571$33,212$24,989$18,592$13,703$4,631
26 years$41,448$31,214$23,176$17,000$12,343$3,953
27 years$39,485$29,376$21,521$15,560$11,128$3,375
28 years$37,666$27,681$20,007$14,256$10,041$2,884
29 years$35,976$26,114$18,618$13,073$9,067$2,464
30 years$34,401$24,662$17,342$11,998$8,193$2,106
31 years$32,931$23,314$16,167$11,019$7,407$1,801
32 years$31,555$22,059$15,084$10,127$6,700$1,540
33 years$30,265$20,891$14,084$9,313$6,064$1,317
34 years$29,054$19,800$13,160$8,568$5,490$1,127
35 years$27,915$18,780$12,303$7,888$4,972$964
36 years$26,841$17,825$11,510$7,264$4,505$825
37 years$25,828$16,929$10,773$6,693$4,083$706
38 years$24,870$16,089$10,088$6,169$3,702$604
39 years$23,964$15,299$9,452$5,688$3,357$517
40 years$23,105$14,556$8,859$5,247$3,045$442
41 years$22,290$13,856$8,307$4,841$2,762$379
42 years$21,516$13,196$7,792$4,467$2,507$324
43 years$20,780$12,573$7,312$4,124$2,275$277
44 years$20,080$11,984$6,863$3,808$2,065$237
45 years$19,412$11,428$6,445$3,517$1,875$203
46 years$18,775$10,902$6,053$3,248$1,702$174
47 years$18,168$10,404$5,687$3,001$1,545$149
48 years$17,587$9,932$5,344$2,773$1,404$128
49 years$17,032$9,484$5,023$2,563$1,275$109
50 years$16,500$9,060$4,722$2,369$1,158$93

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 $3,338 every year, while hoping to spend $39,643 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: 71/17/12 Blend
39$16,900,000$16,900,000$16,900,000$16,900,000
40$18,627,243$17,731,543$17,469,593$19,902,681
41$20,485,042$18,558,209$18,012,645$21,574,896
42$22,531,008$19,424,053$18,572,560$23,399,660
43$24,784,292$20,330,952$19,149,861$25,396,114
44$27,265,997$21,280,876$19,745,089$27,581,190
45$29,999,377$22,275,888$20,358,799$29,973,518
46$33,010,059$23,318,152$20,991,563$32,593,605
47$36,326,278$24,409,934$21,643,974$35,464,023
48$39,979,152$25,553,614$22,316,640$38,609,616
49$44,002,967$26,751,683$23,010,190$42,057,735
50$48,435,509$28,006,755$23,725,270$45,838,491
51$53,318,414$29,321,569$24,462,550$49,985,030
52$58,697,563$30,698,997$25,222,716$54,533,850
53$64,623,517$32,142,050$26,006,480$59,525,135
54$71,151,990$33,653,885$26,814,571$65,003,132
55$78,344,379$35,237,811$27,647,745$71,016,561
56$86,268,341$36,897,299$28,506,780$77,619,075
57$94,998,431$38,635,986$29,392,476$84,869,755
58$104,616,807$40,457,686$30,305,661$92,833,668
59$115,214,008$42,366,398$31,247,186$101,582,468
60$126,889,800$44,366,316$32,217,931$111,195,076
61$139,754,128$46,461,834$33,218,800$121,758,408
62$153,928,148$48,657,562$34,250,728$133,368,198
63$169,545,368$50,958,332$35,314,677$146,129,887
64$186,752,917$53,369,211$36,411,640$160,159,617
65$205,712,924$55,895,512$37,542,639$175,585,317
66$226,604,055$58,542,805$38,708,730$192,547,903
67$249,623,196$61,316,930$39,911,000$211,202,600
68$274,987,313$64,224,011$41,150,570$231,720,396
69$302,935,502$67,270,470$42,428,597$254,289,653
70$333,731,238$70,463,039$43,746,270$279,117,871
71$367,664,875$73,808,777$45,104,820$306,433,636
72$405,056,372$77,315,088$46,505,512$336,488,772
73$446,258,328$80,989,733$47,949,653$369,560,703
74$491,659,299$84,840,851$49,438,587$405,955,061
75$541,687,471$88,876,977$50,973,704$446,008,565
76$596,814,703$93,107,058$52,556,433$490,092,177
77$657,560,979$97,540,480$54,188,249$538,614,602
78$724,499,316$102,187,082$55,870,673$592,026,123
79$798,261,179$107,057,181$57,605,273$650,822,844
80$879,542,433$112,161,597$59,393,664$715,551,356
81$969,109,922$117,511,676$61,237,513$786,813,882
82$1,067,808,701$123,119,315$63,138,536$865,273,945
83$1,176,570,017$128,996,990$65,098,505$951,662,616
84$1,296,420,099$135,157,782$67,119,246$1,046,785,398
85$1,428,489,848$141,615,412$69,202,639$1,151,529,810
86$1,574,025,510$148,384,265$71,350,625$1,266,873,746
87$1,734,400,445$155,479,427$73,565,204$1,393,894,690
88$1,911,128,090$162,916,719$75,848,438$1,533,779,862
89$2,105,876,247$170,712,730$78,202,453$1,687,837,407
90$2,320,482,829$178,884,858$80,629,439$1,857,508,718
91$2,556,973,209$187,451,347$83,131,656$2,044,382,023
92$2,817,579,343$196,431,330$85,711,434$2,250,207,350
93$3,104,760,841$205,844,871$88,371,172$2,476,913,023
94$3,421,228,187$215,713,009$91,113,346$2,726,623,838
95$3,769,968,326$226,057,811$93,940,508$3,001,681,094
96$4,154,272,869$236,902,417$96,855,288$3,304,664,665
97$4,577,769,159$248,271,093$99,860,398$3,638,417,322
98$5,044,454,525$260,189,289$102,958,634$4,006,071,541
99$5,558,734,016$272,683,693$106,152,877$4,411,079,037
100$6,125,461,986$285,782,295$109,446,099$4,857,243,315