Can I retire at age 40 with 18,300,000?

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,421,108
2 years$748,117$734,184$720,681$707,589$694,889$656,704
3 years$493,791$479,798$466,328$453,359$440,866$403,850
4 years$366,652$352,702$339,368$326,620$314,430$278,868
5 years$290,389$276,523$263,363$250,875$239,024$205,015
6 years$239,564$225,802$212,837$200,627$189,132$156,707
7 years$203,274$189,628$176,868$164,946$153,815$122,978
8 years$176,069$162,546$149,998$138,369$127,604$98,340
9 years$154,921$141,526$129,193$117,860$107,461$79,744
10 years$138,012$124,748$112,634$101,597$91,562$65,358
11 years$124,187$111,056$99,161$88,419$78,747$54,015
12 years$112,674$99,678$88,003$77,556$68,240$44,937
13 years$102,940$90,079$78,625$68,470$59,507$37,585
14 years$94,604$81,880$70,645$60,780$52,163$31,572
15 years$87,386$74,799$63,783$54,205$45,929$26,616
16 years$81,076$68,626$57,828$48,535$40,592$22,504
17 years$75,514$63,202$52,621$43,608$35,992$19,074
18 years$70,576$58,402$48,037$39,300$32,002$16,199
19 years$66,163$54,126$43,975$35,511$28,524$13,782
20 years$62,196$50,297$40,358$32,162$25,478$11,742
21 years$58,611$46,849$37,122$29,189$22,800$10,017
22 years$55,357$43,732$34,214$26,539$20,437$8,554
23 years$52,390$40,902$31,590$24,170$18,346$7,311
24 years$49,675$38,322$29,216$22,044$16,489$6,253
25 years$47,180$35,964$27,059$20,132$14,838$5,352
26 years$44,881$33,800$25,096$18,408$13,365$4,583
27 years$42,756$31,810$23,304$16,849$12,050$3,926
28 years$40,787$29,974$21,664$15,437$10,873$3,365
29 years$38,956$28,277$20,160$14,156$9,818$2,885
30 years$37,251$26,705$18,779$12,992$8,871$2,474
31 years$35,659$25,245$17,507$11,932$8,020$2,123
32 years$34,169$23,887$16,334$10,966$7,255$1,821
33 years$32,773$22,621$15,251$10,084$6,566$1,563
34 years$31,461$21,440$14,250$9,278$5,945$1,341
35 years$30,227$20,335$13,323$8,541$5,384$1,151
36 years$29,065$19,301$12,463$7,866$4,878$989
37 years$27,967$18,332$11,665$7,248$4,421$849
38 years$26,930$17,422$10,924$6,680$4,008$729
39 years$25,949$16,566$10,235$6,160$3,635$626
40 years$25,019$15,761$9,593$5,681$3,297$537
41 years$24,137$15,003$8,995$5,242$2,991$462
42 years$23,299$14,289$8,438$4,838$2,714$396
43 years$22,502$13,614$7,918$4,466$2,463$341
44 years$21,743$12,977$7,432$4,123$2,236$292
45 years$21,020$12,375$6,978$3,808$2,030$251
46 years$20,331$11,805$6,554$3,517$1,843$216
47 years$19,673$11,266$6,158$3,250$1,674$185
48 years$19,044$10,755$5,786$3,003$1,520$159
49 years$18,443$10,270$5,439$2,775$1,380$137
50 years$17,867$9,810$5,113$2,565$1,254$118

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $18,300,000, adding $2,799 every year, while hoping to spend $52,648 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: 72/13/15 Blend
39$18,300,000$18,300,000$18,300,000$18,300,000
40$20,169,487$19,199,587$18,915,937$21,553,724
41$22,170,758$20,084,350$19,493,604$23,356,817
42$24,374,393$21,010,701$20,088,858$25,324,025
43$26,800,980$21,980,624$20,702,233$27,476,887
44$29,473,201$22,996,195$21,334,279$29,833,770
45$32,416,051$24,059,593$21,985,561$32,414,890
46$35,657,075$25,173,100$22,656,664$35,242,504
47$39,226,623$26,339,108$23,348,189$38,341,113
48$43,158,139$27,560,125$24,060,754$41,737,691
49$47,488,478$28,838,779$24,794,997$45,461,937
50$52,258,249$30,177,826$25,551,576$49,546,551
51$57,512,205$31,580,154$26,331,169$54,027,539
52$63,299,658$33,048,790$27,134,471$58,944,550
53$69,674,949$34,586,907$27,962,202$64,341,243
54$76,697,960$36,197,831$28,815,101$70,265,701
55$84,434,677$37,885,050$29,693,932$76,770,872
56$92,957,815$39,652,219$30,599,480$83,915,074
57$102,347,504$41,503,169$31,532,554$91,762,530
58$112,692,043$43,441,917$32,493,988$100,383,980
59$124,088,735$45,472,675$33,484,640$109,857,336
60$136,644,805$47,599,856$34,505,396$120,268,412
61$150,478,415$49,828,088$35,557,166$131,711,736
62$165,719,771$52,162,222$36,640,889$144,291,426
63$182,512,361$54,607,344$37,757,532$158,122,175
64$201,014,304$57,168,787$38,908,092$173,330,322
65$221,399,845$59,852,139$40,093,594$190,055,042
66$243,860,996$62,663,261$41,315,097$208,449,649
67$268,609,354$65,608,296$42,573,688$228,683,039
68$295,878,091$68,693,686$43,870,490$250,941,272
69$325,924,163$71,926,184$45,206,659$275,429,329
70$359,030,730$75,312,868$46,583,383$302,373,029
71$395,509,829$78,861,163$48,001,891$332,021,158
72$435,705,321$82,578,851$49,463,445$364,647,808
73$479,996,139$86,474,090$50,969,345$400,554,952
74$528,799,860$90,555,435$52,520,933$440,075,288
75$582,576,650$94,831,855$54,119,589$483,575,368
76$641,833,608$99,312,756$55,766,734$531,459,047
77$707,129,551$104,007,995$57,463,835$584,171,286
78$779,080,290$108,927,913$59,212,399$642,202,338
79$858,364,447$114,083,347$61,013,981$706,092,368
80$945,729,853$119,485,663$62,870,181$776,436,533
81$1,042,000,615$125,146,779$64,782,650$853,890,596
82$1,148,084,895$131,079,188$66,753,086$939,177,094
83$1,264,983,478$137,295,992$68,783,238$1,033,092,149
84$1,393,799,225$143,810,927$70,874,909$1,136,512,969
85$1,535,747,482$150,638,399$73,029,955$1,250,406,111
86$1,692,167,555$157,793,510$75,250,288$1,375,836,589
87$1,864,535,351$165,292,098$77,537,878$1,513,977,913
88$2,054,477,313$173,150,767$79,894,753$1,666,123,149
89$2,263,785,775$181,386,931$82,323,003$1,833,697,103
90$2,494,435,882$190,018,847$84,824,781$2,018,269,759
91$2,748,604,233$199,065,663$87,402,303$2,221,571,075
92$3,028,689,438$208,547,452$90,057,852$2,445,507,293
93$3,337,334,751$218,485,268$92,793,781$2,692,178,916
94$3,677,453,035$228,901,186$95,612,512$2,963,900,511
95$4,052,254,253$239,818,352$98,516,540$3,263,222,534
96$4,465,275,777$251,261,042$101,508,434$3,592,955,389
97$4,920,415,781$263,254,708$104,590,842$3,956,195,925
98$5,421,970,045$275,826,043$107,766,489$4,356,356,649
99$5,974,672,508$289,003,037$111,038,185$4,797,197,909
100$6,583,739,959$302,815,042$114,408,819$5,282,863,367