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

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 $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%18.5%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,324,470
2 years$703,148$690,053$677,361$665,056$653,120$606,165
3 years$464,109$450,957$438,298$426,108$414,366$369,013
4 years$344,613$331,501$318,968$306,987$295,529$252,125
5 years$272,934$259,901$247,533$235,795$224,657$183,316
6 years$225,164$212,229$200,043$188,567$177,763$138,518
7 years$191,055$178,229$166,237$155,032$144,569$107,413
8 years$165,486$152,776$140,982$130,052$119,934$84,838
9 years$145,609$133,019$121,428$110,776$101,002$67,922
10 years$129,717$117,249$105,863$95,490$86,059$54,940
11 years$116,722$104,380$93,200$83,105$74,013$44,795
12 years$105,901$93,686$82,713$72,894$64,138$36,753
13 years$96,753$84,665$73,899$64,354$55,930$30,305
14 years$88,917$76,958$66,398$57,127$49,028$25,090
15 years$82,133$70,302$59,949$50,947$43,168$20,840
16 years$76,202$64,501$54,352$45,617$38,152$17,356
17 years$70,975$59,403$49,458$40,987$33,828$14,486
18 years$66,334$54,891$45,149$36,937$30,078$12,113
19 years$62,186$50,873$41,332$33,376$26,810$10,143
20 years$58,457$47,273$37,932$30,229$23,947$8,505
21 years$55,088$44,033$34,890$27,434$21,430$7,138
22 years$52,030$41,103$32,157$24,944$19,209$5,997
23 years$49,241$38,443$29,691$22,717$17,243$5,041
24 years$46,689$36,019$27,459$20,719$15,498$4,241
25 years$44,344$33,802$25,433$18,922$13,946$3,569
26 years$42,184$31,768$23,588$17,301$12,562$3,005
27 years$40,186$29,898$21,903$15,836$11,326$2,531
28 years$38,335$28,172$20,362$14,509$10,219$2,132
29 years$36,615$26,577$18,949$13,305$9,228$1,797
30 years$35,012$25,100$17,650$12,211$8,338$1,515
31 years$33,515$23,727$16,454$11,215$7,538$1,277
32 years$32,115$22,451$15,352$10,307$6,819$1,077
33 years$30,803$21,261$14,334$9,478$6,171$908
34 years$29,570$20,151$13,393$8,721$5,587$766
35 years$28,410$19,113$12,522$8,028$5,061$646
36 years$27,318$18,141$11,714$7,393$4,585$545
37 years$26,286$17,230$10,964$6,812$4,156$460
38 years$25,312$16,374$10,267$6,279$3,768$388
39 years$24,389$15,570$9,619$5,789$3,417$327
40 years$23,515$14,814$9,016$5,340$3,099$276
41 years$22,686$14,102$8,454$4,927$2,811$233
42 years$21,898$13,430$7,930$4,547$2,551$197
43 years$21,149$12,796$7,442$4,197$2,315$166
44 years$20,436$12,197$6,985$3,875$2,102$140
45 years$19,757$11,631$6,559$3,579$1,908$118
46 years$19,109$11,096$6,160$3,306$1,732$100
47 years$18,490$10,589$5,788$3,054$1,573$84
48 years$17,899$10,108$5,439$2,822$1,428$71
49 years$17,334$9,653$5,112$2,608$1,297$60
50 years$16,793$9,221$4,806$2,411$1,178$51

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 $2,300 every year, while hoping to spend $28,419 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: 55/26/19 Blend
39$17,200,000$17,200,000$17,200,000$17,200,000
40$18,956,772$18,045,172$17,778,572$19,902,251
41$20,860,126$18,899,148$18,343,917$21,402,253
42$22,956,668$19,794,016$18,927,248$23,031,652
43$25,266,076$20,731,751$19,529,138$24,805,405
44$27,810,030$21,714,421$20,150,179$26,737,336
45$30,612,421$22,744,196$20,790,978$28,842,635
46$33,699,579$23,823,352$21,452,166$31,138,006
47$37,100,514$24,954,274$22,134,392$33,641,809
48$40,847,197$26,139,464$22,838,325$36,374,237
49$44,974,859$27,381,545$23,564,656$39,357,493
50$49,522,321$28,683,268$24,314,099$42,615,997
51$54,532,365$30,047,515$25,087,389$46,176,612
52$60,052,135$31,477,312$25,885,285$50,068,884
53$66,133,582$32,975,830$26,708,571$54,325,319
54$72,833,954$34,546,392$27,558,055$58,981,683
55$80,216,339$36,192,487$28,434,571$64,077,327
56$88,350,257$37,917,770$29,338,981$69,655,553
57$97,312,317$39,726,075$30,272,171$75,764,015
58$107,186,944$41,621,423$31,235,059$82,455,158
59$118,067,168$43,608,029$32,228,589$89,786,706
60$130,055,511$45,690,314$33,253,739$97,822,191
61$143,264,948$47,872,914$34,311,514$106,631,552
62$157,819,976$50,160,691$35,402,953$116,291,777
63$173,857,790$52,558,741$36,529,129$126,887,619
64$191,529,577$55,072,412$37,691,147$138,512,389
65$211,001,943$57,707,308$38,890,149$151,268,820
66$232,458,484$60,469,310$40,127,312$165,270,024
67$256,101,525$63,364,581$41,403,852$180,640,551
68$282,154,022$66,399,588$42,721,023$197,517,544
69$310,861,674$69,581,109$44,080,119$216,052,024
70$342,495,236$72,916,255$45,482,475$236,410,298
71$377,353,081$76,412,482$46,929,468$258,775,513
72$415,764,010$80,077,608$48,422,520$283,349,369
73$458,090,363$83,919,835$49,963,098$310,354,003
74$504,731,434$87,947,761$51,552,717$340,034,072
75$556,127,244$92,170,405$53,192,936$372,659,037
76$612,762,693$96,597,225$54,885,369$408,525,694
77$675,172,137$101,238,138$56,631,679$447,960,947
78$743,944,435$106,103,547$58,433,580$491,324,878
79$819,728,507$111,204,361$60,292,845$539,014,120
80$903,239,459$116,552,019$62,211,300$591,465,578
81$995,265,336$122,158,520$64,190,830$649,160,530
82$1,096,674,559$128,036,446$66,233,381$712,629,138
83$1,208,424,125$134,198,993$68,340,961$782,455,434
84$1,331,568,644$140,660,001$70,515,641$859,282,797
85$1,467,270,288$147,433,984$72,759,558$943,819,998
86$1,616,809,773$154,536,165$75,074,918$1,036,847,864
87$1,781,598,439$161,982,506$77,463,997$1,139,226,611
88$1,963,191,582$169,789,751$79,929,143$1,251,903,930
89$2,163,303,134$177,975,459$82,472,780$1,375,923,900
90$2,383,821,843$186,558,047$85,097,408$1,512,436,808
91$2,626,829,108$195,556,828$87,805,608$1,662,709,961
92$2,894,618,622$204,992,058$90,600,041$1,828,139,617
93$3,189,718,035$214,884,982$93,483,456$2,010,264,117
94$3,514,912,810$225,257,881$96,458,687$2,210,778,366
95$3,873,272,523$236,134,124$99,528,659$2,431,549,780
96$4,268,179,843$247,538,219$102,696,392$2,674,635,874
97$4,703,362,466$259,495,870$105,965,000$2,942,303,626
98$5,182,928,307$272,034,037$109,337,697$3,237,050,828
99$5,711,404,284$285,180,995$112,817,800$3,561,629,609
100$6,293,779,056$298,966,398$116,408,730$3,919,072,355