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%15.5%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,317,192
2 years$690,884$678,017$665,547$653,456$641,728$611,226
3 years$456,014$443,092$430,653$418,676$407,139$377,524
4 years$338,602$325,719$313,405$301,632$290,375$261,876
5 years$268,174$255,368$243,215$231,683$220,738$193,436
6 years$221,236$208,527$196,554$185,278$174,663$148,585
7 years$187,723$175,121$163,337$152,328$142,048$117,199
8 years$162,599$150,111$138,523$127,784$117,842$94,213
9 years$143,069$130,698$119,310$108,843$99,240$76,813
10 years$127,454$115,204$104,017$93,824$84,558$63,308
11 years$114,686$102,560$91,575$81,655$72,722$52,623
12 years$104,054$92,052$81,270$71,622$63,020$44,037
13 years$95,065$83,188$72,610$63,232$54,954$37,055
14 years$87,366$75,616$65,240$56,130$48,173$31,319
15 years$80,700$69,076$58,903$50,058$42,415$26,569
16 years$74,873$63,376$53,404$44,822$37,487$22,609
17 years$69,737$58,367$48,596$40,272$33,238$19,288
18 years$65,177$53,934$44,362$36,293$29,554$16,491
19 years$61,101$49,985$40,611$32,794$26,342$14,125
20 years$57,438$46,449$37,271$29,701$23,529$12,117
21 years$54,127$43,265$34,282$26,956$21,056$10,408
22 years$51,122$40,386$31,596$24,509$18,874$8,950
23 years$48,382$37,773$29,173$22,321$16,942$7,703
24 years$45,874$35,391$26,980$20,358$15,228$6,636
25 years$43,571$33,212$24,989$18,592$13,703$5,720
26 years$41,448$31,214$23,176$17,000$12,343$4,934
27 years$39,485$29,376$21,521$15,560$11,128$4,258
28 years$37,666$27,681$20,007$14,256$10,041$3,677
29 years$35,976$26,114$18,618$13,073$9,067$3,175
30 years$34,401$24,662$17,342$11,998$8,193$2,744
31 years$32,931$23,314$16,167$11,019$7,407$2,371
32 years$31,555$22,059$15,084$10,127$6,700$2,050
33 years$30,265$20,891$14,084$9,313$6,064$1,772
34 years$29,054$19,800$13,160$8,568$5,490$1,533
35 years$27,915$18,780$12,303$7,888$4,972$1,326
36 years$26,841$17,825$11,510$7,264$4,505$1,147
37 years$25,828$16,929$10,773$6,693$4,083$992
38 years$24,870$16,089$10,088$6,169$3,702$858
39 years$23,964$15,299$9,452$5,688$3,357$743
40 years$23,105$14,556$8,859$5,247$3,045$643
41 years$22,290$13,856$8,307$4,841$2,762$556
42 years$21,516$13,196$7,792$4,467$2,507$481
43 years$20,780$12,573$7,312$4,124$2,275$417
44 years$20,080$11,984$6,863$3,808$2,065$361
45 years$19,412$11,428$6,445$3,517$1,875$312
46 years$18,775$10,902$6,053$3,248$1,702$270
47 years$18,168$10,404$5,687$3,001$1,545$234
48 years$17,587$9,932$5,344$2,773$1,404$203
49 years$17,032$9,484$5,023$2,563$1,275$175
50 years$16,500$9,060$4,722$2,369$1,158$152

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 $5,589 every year, while hoping to spend $51,046 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: 63/25/12 Blend
39$16,900,000$16,900,000$16,900,000$16,900,000
40$18,629,565$17,733,865$17,471,915$19,750,871
41$20,475,468$18,548,512$18,002,912$21,316,741
42$22,507,942$19,401,366$18,549,986$23,019,453
43$24,745,965$20,294,244$19,113,622$24,877,424
44$27,210,444$21,229,054$19,694,320$26,905,732
45$29,924,424$22,207,791$20,292,594$29,120,963
46$32,913,292$23,232,550$20,908,973$31,541,357
47$36,205,027$24,305,524$21,544,002$34,186,981
48$39,830,458$25,429,014$22,198,245$37,079,913
49$43,823,558$26,605,428$22,872,279$40,244,442
50$48,221,761$27,837,294$23,566,701$43,707,294
51$53,066,319$29,127,260$24,282,124$47,497,880
52$58,402,689$30,478,102$25,019,180$51,648,564
53$64,280,962$31,892,728$25,778,522$56,194,967
54$70,756,337$33,374,188$26,560,819$61,176,294
55$77,889,640$34,925,680$27,366,763$66,635,699
56$85,747,899$36,550,554$28,197,065$72,620,684
57$94,404,976$38,252,322$29,052,458$79,183,540
58$103,942,265$40,034,667$29,933,697$86,381,835
59$114,449,458$41,901,448$30,841,558$94,278,949
60$126,025,395$43,856,711$31,776,843$102,944,662
61$138,778,994$45,904,699$32,740,375$112,455,806
62$152,830,279$48,049,856$33,733,005$122,896,981
63$168,311,513$50,296,845$34,755,607$134,361,342
64$185,368,449$52,650,552$35,809,081$146,951,474
65$204,161,700$55,116,098$36,894,354$160,780,343
66$224,868,261$57,698,855$38,012,383$175,972,357
67$247,683,177$60,404,452$39,164,152$192,664,525
68$272,821,383$63,238,792$40,350,672$211,007,742
69$300,519,733$66,208,062$41,572,989$231,168,199
70$331,039,238$69,318,749$42,832,175$253,328,941
71$364,667,526$72,577,654$44,129,340$277,691,577
72$401,721,562$75,991,907$45,465,621$304,478,175
73$442,550,635$79,568,984$46,842,193$333,933,339
74$487,539,658$83,316,722$48,260,264$366,326,503
75$537,112,800$87,243,339$49,721,080$401,954,462
76$591,737,492$91,357,449$51,225,923$441,144,151
77$651,928,837$95,668,084$52,776,112$484,255,721
78$718,254,474$100,184,716$54,373,007$531,685,912
79$791,339,935$104,917,272$56,018,008$583,871,785
80$871,874,555$109,876,165$57,712,557$641,294,825
81$960,617,971$115,072,308$59,458,139$704,485,466
82$1,058,407,300$120,517,147$61,256,283$774,028,077
83$1,166,165,039$126,222,682$63,108,563$850,566,452
84$1,284,907,773$132,201,493$65,016,600$934,809,868
85$1,415,755,774$138,466,775$66,982,064$1,027,539,751
86$1,559,943,575$145,032,358$69,006,675$1,129,617,029
87$1,718,831,623$151,912,748$71,092,203$1,241,990,231
88$1,893,919,128$159,123,152$73,240,470$1,365,704,412
89$2,086,858,208$166,679,515$75,453,355$1,501,910,989
90$2,299,469,493$174,598,560$77,732,791$1,651,878,575
91$2,533,759,310$182,897,817$80,080,768$1,817,004,929
92$2,791,938,621$191,595,672$82,499,335$1,998,830,111
93$3,076,443,902$200,711,402$84,990,605$2,199,050,984
94$3,389,960,139$210,265,219$87,556,749$2,419,537,200
95$3,735,446,180$220,278,321$90,200,006$2,662,348,804
96$4,116,162,665$230,772,934$92,922,681$2,929,755,645
97$4,535,702,812$241,772,363$95,727,146$3,224,258,756
98$4,998,026,338$253,301,048$98,615,845$3,548,613,924
99$5,507,496,842$265,384,617$101,591,293$3,905,857,654
100$6,068,922,999$278,049,943$104,656,081$4,299,335,787