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

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 $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%17.2%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,439,751
2 years$760,381$746,220$732,495$719,188$706,281$662,869
3 years$501,886$487,663$473,973$460,791$448,094$406,069
4 years$372,663$358,484$344,931$331,974$319,584$279,269
5 years$295,150$281,056$267,681$254,988$242,943$204,447
6 years$243,491$229,503$216,326$203,916$192,232$155,591
7 years$206,606$192,736$179,768$167,650$156,336$121,549
8 years$178,956$165,211$152,457$140,638$129,696$96,742
9 years$157,461$143,846$131,311$119,792$109,223$78,069
10 years$140,275$126,793$114,480$103,262$93,063$63,666
11 years$126,223$112,876$100,787$89,869$80,038$52,347
12 years$114,521$101,312$89,446$78,827$69,359$43,321
13 years$104,628$91,556$79,914$69,593$60,482$36,038
14 years$96,155$83,222$71,803$61,776$53,018$30,106
15 years$88,818$76,025$64,828$55,094$46,682$25,238
16 years$82,405$69,751$58,776$49,330$41,257$21,217
17 years$76,752$64,238$53,484$44,323$36,582$17,878
18 years$71,733$59,359$48,824$39,944$32,527$15,094
19 years$67,248$55,013$44,696$36,093$28,992$12,765
20 years$63,216$51,121$41,020$32,689$25,896$10,810
21 years$59,572$47,617$37,730$29,667$23,174$9,165
22 years$56,265$44,449$34,774$26,974$20,772$7,777
23 years$53,249$41,572$32,108$24,566$18,646$6,606
24 years$50,489$38,951$29,694$22,406$16,760$5,614
25 years$47,954$36,553$27,503$20,462$15,081$4,774
26 years$45,617$34,354$25,508$18,710$13,585$4,062
27 years$43,457$32,331$23,686$17,125$12,248$3,458
28 years$41,455$30,466$22,019$15,690$11,051$2,944
29 years$39,595$28,741$20,491$14,388$9,979$2,508
30 years$37,862$27,143$19,086$13,205$9,017$2,137
31 years$36,243$25,659$17,794$12,128$8,152$1,821
32 years$34,729$24,278$16,602$11,146$7,374$1,552
33 years$33,310$22,992$15,501$10,249$6,673$1,323
34 years$31,977$21,791$14,483$9,430$6,042$1,128
35 years$30,723$20,669$13,541$8,681$5,473$962
36 years$29,541$19,618$12,667$7,995$4,958$820
37 years$28,426$18,632$11,856$7,366$4,494$699
38 years$27,372$17,707$11,103$6,790$4,074$597
39 years$26,374$16,838$10,402$6,261$3,695$509
40 years$25,429$16,020$9,750$5,774$3,351$434
41 years$24,532$15,249$9,142$5,328$3,040$370
42 years$23,681$14,523$8,576$4,917$2,759$316
43 years$22,871$13,837$8,047$4,539$2,504$269
44 years$22,099$13,190$7,554$4,191$2,273$230
45 years$21,365$12,578$7,093$3,870$2,063$196
46 years$20,664$11,999$6,662$3,575$1,873$167
47 years$19,995$11,450$6,259$3,303$1,701$143
48 years$19,356$10,931$5,881$3,052$1,545$122
49 years$18,745$10,439$5,528$2,821$1,403$104
50 years$18,160$9,971$5,197$2,607$1,274$89

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 $4,974 every year, while hoping to spend $21,712 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: 40/34/26 Blend
39$18,600,000$18,600,000$18,600,000$18,600,000
40$20,502,331$19,516,531$19,228,231$21,164,672
41$22,570,467$20,449,739$19,849,275$22,577,893
42$24,848,826$21,427,947$20,490,397$24,103,405
43$27,358,826$22,453,337$21,152,245$25,753,424
44$30,124,072$23,528,197$21,835,491$27,539,350
45$33,170,575$24,654,926$22,540,828$29,473,692
46$36,526,997$25,836,041$23,268,969$31,570,172
47$40,224,925$27,074,180$24,020,653$33,843,855
48$44,299,164$28,372,113$24,796,643$36,311,274
49$48,788,072$29,732,739$25,597,723$38,990,584
50$53,733,916$31,159,104$26,424,707$41,901,720
51$59,183,274$32,654,399$27,278,434$45,066,578
52$65,187,475$34,221,970$28,159,768$48,509,208
53$71,803,080$35,865,330$29,069,602$52,256,037
54$79,092,421$37,588,158$30,008,861$56,336,100
55$87,124,185$39,394,315$30,978,496$60,781,309
56$95,974,067$41,287,851$31,979,490$65,626,737
57$105,725,477$43,273,012$33,012,858$70,910,939
58$116,470,337$45,354,250$34,079,650$76,676,304
59$128,309,939$47,536,236$35,180,946$82,969,438
60$141,355,908$49,823,867$36,317,863$89,841,593
61$155,731,255$52,222,281$37,491,556$97,349,134
62$171,571,534$54,736,863$38,703,214$105,554,054
63$189,026,126$57,373,265$39,954,067$114,524,546
64$208,259,646$60,137,410$41,245,383$124,335,627
65$229,453,500$63,035,514$42,578,474$135,069,829
66$252,807,596$66,074,093$43,954,692$146,817,959
67$278,542,229$69,259,982$45,375,433$159,679,936
68$306,900,166$72,600,350$46,842,138$173,765,716
69$338,148,930$76,102,714$48,356,297$189,196,306
70$372,583,334$79,774,961$49,919,447$206,104,883
71$410,528,259$83,625,359$51,533,173$224,638,032
72$452,341,721$87,662,581$53,199,114$244,957,098
73$498,418,253$91,895,723$54,918,960$267,239,692
74$549,192,627$96,334,327$56,694,458$291,681,333
75$605,143,963$100,988,397$58,527,411$318,497,269
76$666,800,247$105,868,427$60,419,678$347,924,480
77$734,743,317$110,985,425$62,373,182$380,223,882
78$809,614,357$116,350,933$64,389,905$415,682,759
79$892,119,951$121,977,058$66,471,897$454,617,443
80$983,038,751$127,876,499$68,621,270$497,376,259
81$1,083,228,829$134,062,573$70,840,208$544,342,783
82$1,193,635,779$140,549,248$73,130,965$595,939,420
83$1,315,301,642$147,351,176$75,495,866$652,631,352
84$1,449,374,747$154,483,720$77,937,315$714,930,889
85$1,597,120,547$161,962,999$80,457,791$783,402,257
86$1,759,933,571$169,805,913$83,059,855$858,666,880
87$1,939,350,584$178,030,192$85,746,149$941,409,200
88$2,137,065,103$186,654,430$88,519,404$1,032,383,082
89$2,354,943,376$195,698,130$91,382,437$1,132,418,883
90$2,595,042,008$205,181,746$94,338,156$1,242,431,232
91$2,859,627,375$215,126,734$97,389,566$1,363,427,605
92$3,151,197,018$225,555,595$100,539,768$1,496,517,779
93$3,472,503,226$236,491,931$103,791,962$1,642,924,241
94$3,826,579,016$247,960,497$107,149,454$1,803,993,661
95$4,216,766,772$259,987,258$110,615,657$1,981,209,541
96$4,646,749,795$272,599,445$114,194,094$2,176,206,139
97$5,120,587,080$285,825,624$117,888,402$2,390,783,825
98$5,642,751,635$299,695,752$121,702,336$2,626,925,997
99$6,218,172,712$314,241,254$125,639,774$2,886,817,718
100$6,852,282,341$329,495,089$129,704,720$3,172,866,257