Can I retire at age 40 with 18,600,000?

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 $18,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,475,080
2 years$760,381$746,220$732,495$719,188$706,281$698,097
3 years$501,886$487,663$473,973$460,791$448,094$440,090
4 years$372,663$358,484$344,931$331,974$319,584$311,822
5 years$295,150$281,056$267,681$254,988$242,943$235,445
6 years$243,491$229,503$216,326$203,916$192,232$185,009
7 years$206,606$192,736$179,768$167,650$156,336$149,391
8 years$178,956$165,211$152,457$140,638$129,696$123,029
9 years$157,461$143,846$131,311$119,792$109,223$102,832
10 years$140,275$126,793$114,480$103,262$93,063$86,946
11 years$126,223$112,876$100,787$89,869$80,038$74,189
12 years$114,521$101,312$89,446$78,827$69,359$63,775
13 years$104,628$91,556$79,914$69,593$60,482$55,158
14 years$96,155$83,222$71,803$61,776$53,018$47,947
15 years$88,818$76,025$64,828$55,094$46,682$41,857
16 years$82,405$69,751$58,776$49,330$41,257$36,672
17 years$76,752$64,238$53,484$44,323$36,582$32,229
18 years$71,733$59,359$48,824$39,944$32,527$28,399
19 years$67,248$55,013$44,696$36,093$28,992$25,082
20 years$63,216$51,121$41,020$32,689$25,896$22,196
21 years$59,572$47,617$37,730$29,667$23,174$19,677
22 years$56,265$44,449$34,774$26,974$20,772$17,470
23 years$53,249$41,572$32,108$24,566$18,646$15,531
24 years$50,489$38,951$29,694$22,406$16,760$13,823
25 years$47,954$36,553$27,503$20,462$15,081$12,316
26 years$45,617$34,354$25,508$18,710$13,585$10,983
27 years$43,457$32,331$23,686$17,125$12,248$9,803
28 years$41,455$30,466$22,019$15,690$11,051$8,755
29 years$39,595$28,741$20,491$14,388$9,979$7,825
30 years$37,862$27,143$19,086$13,205$9,017$6,997
31 years$36,243$25,659$17,794$12,128$8,152$6,260
32 years$34,729$24,278$16,602$11,146$7,374$5,603
33 years$33,310$22,992$15,501$10,249$6,673$5,017
34 years$31,977$21,791$14,483$9,430$6,042$4,494
35 years$30,723$20,669$13,541$8,681$5,473$4,027
36 years$29,541$19,618$12,667$7,995$4,958$3,609
37 years$28,426$18,632$11,856$7,366$4,494$3,235
38 years$27,372$17,707$11,103$6,790$4,074$2,901
39 years$26,374$16,838$10,402$6,261$3,695$2,602
40 years$25,429$16,020$9,750$5,774$3,351$2,334
41 years$24,532$15,249$9,142$5,328$3,040$2,094
42 years$23,681$14,523$8,576$4,917$2,759$1,879
43 years$22,871$13,837$8,047$4,539$2,504$1,686
44 years$22,099$13,190$7,554$4,191$2,273$1,514
45 years$21,365$12,578$7,093$3,870$2,063$1,359
46 years$20,664$11,999$6,662$3,575$1,873$1,220
47 years$19,995$11,450$6,259$3,303$1,701$1,095
48 years$19,356$10,931$5,881$3,052$1,545$983
49 years$18,745$10,439$5,528$2,821$1,403$883
50 years$18,160$9,971$5,197$2,607$1,274$793

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $18,600,000, adding $5,746 every year, while hoping to spend $31,345 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: 40/49/11 Blend
39$18,600,000$18,600,000$18,600,000$18,600,000
40$20,503,127$19,517,327$19,229,027$21,255,526
41$22,561,095$20,440,325$19,839,849$22,709,240
42$24,827,925$21,407,500$20,470,082$24,277,316
43$27,324,889$22,420,982$21,120,345$25,972,917
44$30,075,425$23,483,008$21,791,274$27,807,596
45$33,105,362$24,595,919$22,483,525$29,794,018
46$36,443,164$25,762,174$23,197,778$31,946,069
47$40,120,195$26,984,349$23,934,732$34,278,979
48$44,171,017$28,265,144$24,695,108$36,809,453
49$48,633,719$29,607,394$25,479,652$39,555,822
50$53,550,269$31,014,067$26,289,131$42,538,199
51$58,966,919$32,488,279$27,124,339$45,778,663
52$64,934,634$34,033,294$27,986,095$49,301,453
53$71,509,579$35,652,538$28,875,241$53,133,179
54$78,753,644$37,349,600$29,792,649$57,303,070
55$86,735,031$39,128,246$30,739,218$61,843,226
56$95,528,898$40,992,424$31,715,876$66,788,911
57$105,218,066$42,946,273$32,723,579$72,178,870
58$115,893,804$44,994,136$33,763,314$78,055,677
59$127,656,688$47,140,564$34,836,101$84,466,124
60$140,617,550$49,390,331$35,942,990$91,461,637
61$154,898,525$51,748,443$37,085,065$99,098,751
62$170,634,207$54,220,150$38,263,447$107,439,619
63$187,972,914$56,810,954$39,479,290$116,552,582
64$207,078,090$59,526,630$40,733,785$126,512,787
65$228,129,850$62,373,230$42,028,162$137,402,882
66$251,326,678$65,357,101$43,363,689$149,313,765
67$276,887,302$68,484,902$44,741,675$162,345,421
68$305,052,756$71,763,611$46,163,471$176,607,840
69$336,088,660$75,200,551$47,630,469$192,222,030
70$370,287,722$78,803,396$49,144,109$209,321,125
71$407,972,506$82,580,199$50,705,873$228,051,618
72$449,498,474$86,539,401$52,317,292$248,574,711
73$495,257,343$90,689,857$53,979,946$271,067,803
74$545,680,783$95,040,851$55,695,465$295,726,133
75$601,244,490$99,602,120$57,465,530$322,764,583
76$662,472,679$104,383,875$59,291,877$352,419,674
77$729,943,034$109,396,826$61,176,296$384,951,756
78$804,292,156$114,652,203$63,120,635$420,647,427
79$886,221,578$120,161,784$65,126,799$459,822,194
80$976,504,388$125,937,920$67,196,756$502,823,405
81$1,075,992,524$131,993,566$69,332,535$550,033,485
82$1,185,624,816$138,342,306$71,536,230$601,873,491
83$1,306,435,856$144,998,388$73,810,002$658,807,040
84$1,439,565,757$151,976,752$76,156,081$721,344,629
85$1,586,270,921$159,293,070$78,576,767$790,048,394
86$1,747,935,900$166,963,776$81,074,433$865,537,365
87$1,926,086,466$175,006,104$83,651,530$948,493,240
88$2,122,404,014$183,438,132$86,310,585$1,039,666,755
89$2,338,741,438$192,278,815$89,054,205$1,139,884,709
90$2,577,140,625$201,548,037$91,885,080$1,250,057,691
91$2,839,851,726$211,266,649$94,805,989$1,371,188,600
92$3,129,354,408$221,456,520$97,819,794$1,504,382,041
93$3,448,381,253$232,140,585$100,929,453$1,650,854,663
94$3,799,943,566$243,342,899$104,138,015$1,811,946,559
95$4,187,359,800$255,088,691$107,448,629$1,989,133,828
96$4,614,286,882$267,404,419$110,864,540$2,184,042,415
97$5,084,754,742$280,317,834$114,389,100$2,398,463,358
98$5,603,204,358$293,858,040$118,025,767$2,634,369,593
99$6,174,529,681$308,055,562$121,778,109$2,893,934,470
100$6,804,123,838$322,942,415$125,649,806$3,179,552,155