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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.6%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,333,002
2 years$690,884$678,017$665,547$653,456$641,728$627,000
3 years$456,014$443,092$430,653$418,676$407,139$392,767
4 years$338,602$325,719$313,405$301,632$290,375$276,470
5 years$268,174$255,368$243,215$231,683$220,738$207,342
6 years$221,236$208,527$196,554$185,278$174,663$161,790
7 years$187,723$175,121$163,337$152,328$142,048$129,705
8 years$162,599$150,111$138,523$127,784$117,842$106,028
9 years$143,069$130,698$119,310$108,843$99,240$87,951
10 years$127,454$115,204$104,017$93,824$84,558$73,786
11 years$114,686$102,560$91,575$81,655$72,722$62,459
12 years$104,054$92,052$81,270$71,622$63,020$53,253
13 years$95,065$83,188$72,610$63,232$54,954$45,674
14 years$87,366$75,616$65,240$56,130$48,173$39,365
15 years$80,700$69,076$58,903$50,058$42,415$34,067
16 years$74,873$63,376$53,404$44,822$37,487$29,583
17 years$69,737$58,367$48,596$40,272$33,238$25,765
18 years$65,177$53,934$44,362$36,293$29,554$22,496
19 years$61,101$49,985$40,611$32,794$26,342$19,683
20 years$57,438$46,449$37,271$29,701$23,529$17,255
21 years$54,127$43,265$34,282$26,956$21,056$15,150
22 years$51,122$40,386$31,596$24,509$18,874$13,320
23 years$48,382$37,773$29,173$22,321$16,942$11,725
24 years$45,874$35,391$26,980$20,358$15,228$10,333
25 years$43,571$33,212$24,989$18,592$13,703$9,114
26 years$41,448$31,214$23,176$17,000$12,343$8,045
27 years$39,485$29,376$21,521$15,560$11,128$7,107
28 years$37,666$27,681$20,007$14,256$10,041$6,282
29 years$35,976$26,114$18,618$13,073$9,067$5,555
30 years$34,401$24,662$17,342$11,998$8,193$4,916
31 years$32,931$23,314$16,167$11,019$7,407$4,351
32 years$31,555$22,059$15,084$10,127$6,700$3,853
33 years$30,265$20,891$14,084$9,313$6,064$3,413
34 years$29,054$19,800$13,160$8,568$5,490$3,024
35 years$27,915$18,780$12,303$7,888$4,972$2,681
36 years$26,841$17,825$11,510$7,264$4,505$2,376
37 years$25,828$16,929$10,773$6,693$4,083$2,107
38 years$24,870$16,089$10,088$6,169$3,702$1,869
39 years$23,964$15,299$9,452$5,688$3,357$1,658
40 years$23,105$14,556$8,859$5,247$3,045$1,470
41 years$22,290$13,856$8,307$4,841$2,762$1,305
42 years$21,516$13,196$7,792$4,467$2,507$1,158
43 years$20,780$12,573$7,312$4,124$2,275$1,027
44 years$20,080$11,984$6,863$3,808$2,065$912
45 years$19,412$11,428$6,445$3,517$1,875$809
46 years$18,775$10,902$6,053$3,248$1,702$718
47 years$18,168$10,404$5,687$3,001$1,545$638
48 years$17,587$9,932$5,344$2,773$1,404$566
49 years$17,032$9,484$5,023$2,563$1,275$502
50 years$16,500$9,060$4,722$2,369$1,158$446

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 $6,076 every year, while hoping to spend $37,776 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: 36/34/30 Blend
39$16,900,000$16,900,000$16,900,000$16,900,000
40$18,630,067$17,734,367$17,472,417$19,132,985
41$20,490,141$18,563,158$18,017,550$20,338,475
42$22,538,676$19,431,293$18,579,678$21,635,168
43$24,794,855$20,340,661$19,159,332$23,034,379
44$27,279,818$21,293,241$19,757,057$24,545,370
45$30,016,857$22,291,108$20,373,417$26,178,298
46$33,031,641$23,336,437$21,008,991$27,944,301
47$36,352,455$24,431,508$21,664,378$29,855,599
48$40,010,466$25,578,713$22,340,196$31,925,601
49$44,040,022$26,780,558$23,037,080$34,169,026
50$48,478,970$28,039,671$23,755,688$36,602,027
51$53,369,016$29,358,806$24,496,695$39,242,345
52$58,756,121$30,740,853$25,260,800$42,109,458
53$64,690,930$32,188,839$26,048,721$45,224,762
54$71,229,252$33,705,940$26,861,200$48,611,760
55$78,432,588$35,295,483$27,699,003$52,296,275
56$86,368,710$36,960,960$28,562,918$56,306,683
57$95,112,301$38,706,029$29,453,758$60,674,169
58$104,745,658$40,534,527$30,372,361$65,433,012
59$115,359,472$42,450,476$31,319,592$70,620,892
60$127,053,683$44,458,095$32,296,343$76,279,238
61$139,938,421$46,561,804$33,303,533$82,453,605
62$154,135,049$48,766,240$34,342,110$89,194,085
63$169,777,303$51,076,266$35,413,050$96,555,773
64$187,012,563$53,496,978$36,517,362$104,599,267
65$206,003,236$56,033,721$37,656,085$113,391,226
66$226,928,292$58,692,099$38,830,290$123,004,983
67$249,984,954$61,477,988$40,041,082$133,521,218
68$275,390,561$64,397,551$41,289,599$145,028,704
69$303,384,614$67,457,247$42,577,016$157,625,125
70$334,231,043$70,663,851$43,904,545$171,417,980
71$368,220,696$74,024,466$45,273,434$186,525,573
72$405,674,084$77,546,541$46,684,970$203,078,115
73$446,944,405$81,237,887$48,140,482$221,218,924
74$492,420,884$85,106,692$49,641,337$241,105,757
75$542,532,440$89,161,546$51,188,948$262,912,278
76$597,751,740$93,411,454$52,784,769$286,829,666
77$658,599,661$97,865,858$54,430,302$313,068,396
78$725,650,202$102,534,661$56,127,093$341,860,197
79$799,535,910$107,428,246$57,876,738$373,460,212
80$880,953,846$112,557,503$59,680,882$408,149,372
81$970,672,167$117,933,850$61,541,220$446,237,019
82$1,069,537,380$123,569,260$63,459,503$488,063,793
83$1,178,482,329$129,476,290$65,437,532$534,004,809
84$1,298,535,005$135,668,107$67,477,168$584,473,164
85$1,430,828,249$142,158,518$69,580,327$639,923,800
86$1,576,610,448$148,962,004$71,748,986$700,857,752
87$1,737,257,321$156,093,748$73,985,183$767,826,844
88$1,914,284,901$163,569,675$76,291,021$841,438,849
89$2,109,363,855$171,406,484$78,668,664$922,363,182
90$2,324,335,252$179,621,685$81,120,348$1,011,337,169
91$2,561,227,945$188,233,645$83,648,377$1,109,172,962
92$2,822,277,723$197,261,621$86,255,125$1,216,765,149
93$3,109,948,421$206,725,811$88,943,042$1,335,099,145
94$3,426,955,179$216,647,395$91,714,653$1,465,260,439
95$3,776,290,075$227,048,585$94,572,562$1,608,444,777
96$4,161,250,372$237,952,675$97,519,452$1,765,969,391
97$4,585,469,649$249,384,095$100,558,093$1,939,285,366
98$5,052,952,102$261,368,465$103,691,338$2,129,991,269
99$5,568,110,349$273,932,652$106,922,130$2,339,848,169
100$6,135,807,086$287,104,834$110,253,503$2,570,796,186