Can I retire at age 40 with 17,200,000?

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,351,614
2 years$703,148$690,053$677,361$665,056$653,120$633,074
3 years$464,109$450,957$438,298$426,108$414,366$394,836
4 years$344,613$331,501$318,968$306,987$295,529$276,666
5 years$272,934$259,901$247,533$235,795$224,657$206,515
6 years$225,164$212,229$200,043$188,567$177,763$160,363
7 years$191,055$178,229$166,237$155,032$144,569$127,918
8 years$165,486$152,776$140,982$130,052$119,934$104,028
9 years$145,609$133,019$121,428$110,776$101,002$85,834
10 years$129,717$117,249$105,863$95,490$86,059$71,618
11 years$116,722$104,380$93,200$83,105$74,013$60,285
12 years$105,901$93,686$82,713$72,894$64,138$51,106
13 years$96,753$84,665$73,899$64,354$55,930$43,576
14 years$88,917$76,958$66,398$57,127$49,028$37,332
15 years$82,133$70,302$59,949$50,947$43,168$32,111
16 years$76,202$64,501$54,352$45,617$38,152$27,711
17 years$70,975$59,403$49,458$40,987$33,828$23,982
18 years$66,334$54,891$45,149$36,937$30,078$20,804
19 years$62,186$50,873$41,332$33,376$26,810$18,084
20 years$58,457$47,273$37,932$30,229$23,947$15,748
21 years$55,088$44,033$34,890$27,434$21,430$13,734
22 years$52,030$41,103$32,157$24,944$19,209$11,993
23 years$49,241$38,443$29,691$22,717$17,243$10,484
24 years$46,689$36,019$27,459$20,719$15,498$9,175
25 years$44,344$33,802$25,433$18,922$13,946$8,035
26 years$42,184$31,768$23,588$17,301$12,562$7,043
27 years$40,186$29,898$21,903$15,836$11,326$6,177
28 years$38,335$28,172$20,362$14,509$10,219$5,420
29 years$36,615$26,577$18,949$13,305$9,228$4,759
30 years$35,012$25,100$17,650$12,211$8,338$4,180
31 years$33,515$23,727$16,454$11,215$7,538$3,673
32 years$32,115$22,451$15,352$10,307$6,819$3,228
33 years$30,803$21,261$14,334$9,478$6,171$2,838
34 years$29,570$20,151$13,393$8,721$5,587$2,496
35 years$28,410$19,113$12,522$8,028$5,061$2,195
36 years$27,318$18,141$11,714$7,393$4,585$1,932
37 years$26,286$17,230$10,964$6,812$4,156$1,700
38 years$25,312$16,374$10,267$6,279$3,768$1,496
39 years$24,389$15,570$9,619$5,789$3,417$1,317
40 years$23,515$14,814$9,016$5,340$3,099$1,159
41 years$22,686$14,102$8,454$4,927$2,811$1,020
42 years$21,898$13,430$7,930$4,547$2,551$898
43 years$21,149$12,796$7,442$4,197$2,315$791
44 years$20,436$12,197$6,985$3,875$2,102$697
45 years$19,757$11,631$6,559$3,579$1,908$614
46 years$19,109$11,096$6,160$3,306$1,732$540
47 years$18,490$10,589$5,788$3,054$1,573$476
48 years$17,899$10,108$5,439$2,822$1,428$419
49 years$17,334$9,653$5,112$2,608$1,297$369
50 years$16,793$9,221$4,806$2,411$1,178$325

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $17,200,000, adding $3,994 every year, while hoping to spend $32,476 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: 59/36/5 Blend
39$17,200,000$17,200,000$17,200,000$17,200,000
40$18,958,520$18,046,920$17,780,320$20,060,160
41$20,857,735$18,896,665$18,341,406$21,647,957
42$22,949,581$19,786,959$18,920,201$23,374,240
43$25,253,673$20,719,754$19,517,262$25,255,518
44$27,791,624$21,697,099$20,133,167$27,306,646
45$30,587,251$22,721,138$20,768,510$29,543,952
46$33,666,801$23,794,124$21,423,905$31,985,381
47$37,059,193$24,918,414$22,099,984$34,650,661
48$40,796,298$26,096,484$22,797,401$37,561,482
49$44,913,236$27,330,927$23,516,829$40,741,692
50$49,448,706$28,624,463$24,258,963$44,217,515
51$54,445,355$29,979,943$25,024,520$48,017,794
52$59,950,179$31,400,357$25,814,238$52,174,252
53$66,014,963$32,888,841$26,628,881$56,721,783
54$72,696,776$34,448,681$27,469,236$61,698,773
55$80,058,505$36,083,324$28,336,113$67,147,454
56$88,169,450$37,796,384$29,230,350$73,114,292
57$97,105,978$39,591,652$30,152,811$79,650,415
58$106,952,245$41,473,099$31,104,387$86,812,085
59$117,800,986$43,444,893$32,085,997$94,661,219
60$129,754,397$45,511,403$33,098,588$103,265,962
61$142,925,094$47,677,210$34,143,139$112,701,314
62$157,437,178$49,947,118$35,220,658$123,049,830
63$173,427,406$52,326,163$36,332,186$134,402,384
64$191,046,485$54,819,628$37,478,798$146,859,010
65$210,460,488$57,433,052$38,661,599$160,529,838
66$231,852,428$60,172,242$39,881,733$175,536,110
67$255,423,983$63,043,289$41,140,379$192,011,314
68$281,397,399$66,052,579$42,438,751$210,102,425
69$310,017,588$69,206,810$43,778,103$229,971,275
70$341,554,442$72,513,005$45,159,730$251,796,060
71$376,305,381$75,978,527$46,584,966$275,773,006
72$414,598,155$79,611,100$48,055,188$302,118,200
73$456,793,945$83,418,822$49,571,815$331,069,605
74$503,290,769$87,410,187$51,136,313$362,889,288
75$554,527,241$91,594,099$52,750,193$397,865,868
76$610,986,708$95,979,898$54,415,013$436,317,215
77$673,201,818$100,577,379$56,132,381$478,593,430
78$741,759,545$105,396,812$57,903,957$525,080,114
79$817,306,731$110,448,968$59,731,452$576,201,988
80$900,556,192$115,745,143$61,616,631$632,426,868
81$992,293,451$121,297,182$63,561,315$694,270,052
82$1,093,384,146$127,117,507$65,567,383$762,299,151
83$1,204,782,211$133,219,147$67,636,772$837,139,412
84$1,327,538,874$139,615,762$69,771,481$919,479,586
85$1,462,812,586$146,321,681$71,973,572$1,010,078,393
86$1,611,879,956$153,351,930$74,245,173$1,109,771,642
87$1,776,147,803$160,722,266$76,588,479$1,219,480,085
88$1,957,166,437$168,449,216$79,005,751$1,340,218,059
89$2,156,644,297$176,550,110$81,499,327$1,473,103,022
90$2,376,464,075$185,043,125$84,071,614$1,619,366,054
91$2,618,700,495$193,947,323$86,725,097$1,780,363,425
92$2,885,639,898$203,282,694$89,462,340$1,957,589,351
93$3,179,801,826$213,070,205$92,285,988$2,152,690,042
94$3,503,962,811$223,331,844$95,198,767$2,367,479,189
95$3,861,182,585$234,090,671$98,203,493$2,603,955,021
96$4,254,832,965$245,370,871$101,303,067$2,864,319,113
97$4,688,629,692$257,197,808$104,500,484$3,150,997,096
98$5,166,667,504$269,598,084$107,798,833$3,466,661,494
99$5,693,458,796$282,599,597$111,201,300$3,814,256,877
100$6,273,976,223$296,231,606$114,711,174$4,197,027,585