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%13.6%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,461,026
2 years$760,381$746,220$732,495$719,188$706,281$684,001
3 years$501,886$487,663$473,973$460,791$448,094$426,391
4 years$372,663$358,484$344,931$331,974$319,584$298,626
5 years$295,150$281,056$267,681$254,988$242,943$222,789
6 years$243,491$229,503$216,326$203,916$192,232$172,908
7 years$206,606$192,736$179,768$167,650$156,336$137,847
8 years$178,956$165,211$152,457$140,638$129,696$112,039
9 years$157,461$143,846$131,311$119,792$109,223$92,389
10 years$140,275$126,793$114,480$103,262$93,063$77,040
11 years$126,223$112,876$100,787$89,869$80,038$64,809
12 years$114,521$101,312$89,446$78,827$69,359$54,906
13 years$104,628$91,556$79,914$69,593$60,482$46,785
14 years$96,155$83,222$71,803$61,776$53,018$40,055
15 years$88,818$76,025$64,828$55,094$46,682$34,429
16 years$82,405$69,751$58,776$49,330$41,257$29,691
17 years$76,752$64,238$53,484$44,323$36,582$25,677
18 years$71,733$59,359$48,824$39,944$32,527$22,259
19 years$67,248$55,013$44,696$36,093$28,992$19,335
20 years$63,216$51,121$41,020$32,689$25,896$16,824
21 years$59,572$47,617$37,730$29,667$23,174$14,661
22 years$56,265$44,449$34,774$26,974$20,772$12,793
23 years$53,249$41,572$32,108$24,566$18,646$11,175
24 years$50,489$38,951$29,694$22,406$16,760$9,772
25 years$47,954$36,553$27,503$20,462$15,081$8,551
26 years$45,617$34,354$25,508$18,710$13,585$7,489
27 years$43,457$32,331$23,686$17,125$12,248$6,563
28 years$41,455$30,466$22,019$15,690$11,051$5,754
29 years$39,595$28,741$20,491$14,388$9,979$5,048
30 years$37,862$27,143$19,086$13,205$9,017$4,430
31 years$36,243$25,659$17,794$12,128$8,152$3,889
32 years$34,729$24,278$16,602$11,146$7,374$3,416
33 years$33,310$22,992$15,501$10,249$6,673$3,001
34 years$31,977$21,791$14,483$9,430$6,042$2,637
35 years$30,723$20,669$13,541$8,681$5,473$2,317
36 years$29,541$19,618$12,667$7,995$4,958$2,037
37 years$28,426$18,632$11,856$7,366$4,494$1,791
38 years$27,372$17,707$11,103$6,790$4,074$1,575
39 years$26,374$16,838$10,402$6,261$3,695$1,385
40 years$25,429$16,020$9,750$5,774$3,351$1,218
41 years$24,532$15,249$9,142$5,328$3,040$1,072
42 years$23,681$14,523$8,576$4,917$2,759$943
43 years$22,871$13,837$8,047$4,539$2,504$829
44 years$22,099$13,190$7,554$4,191$2,273$730
45 years$21,365$12,578$7,093$3,870$2,063$642
46 years$20,664$11,999$6,662$3,575$1,873$565
47 years$19,995$11,450$6,259$3,303$1,701$497
48 years$19,356$10,931$5,881$3,052$1,545$438
49 years$18,745$10,439$5,528$2,821$1,403$385
50 years$18,160$9,971$5,197$2,607$1,274$339

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 $6,988 every year, while hoping to spend $23,087 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: 66/7/27 Blend
39$18,600,000$18,600,000$18,600,000$18,600,000
40$20,504,408$19,518,608$19,230,308$21,712,064
41$22,571,293$20,450,456$19,849,959$23,459,222
42$24,848,227$21,427,190$20,489,595$25,365,552
43$27,356,610$22,450,986$21,149,860$27,449,434
44$30,120,025$23,524,124$21,831,420$29,728,373
45$33,164,458$24,648,998$22,534,964$32,221,638
46$36,518,548$25,828,114$23,261,201$34,950,439
47$40,213,852$27,064,103$24,010,862$37,938,128
48$44,285,144$28,359,723$24,784,706$41,210,409
49$48,770,747$29,717,868$25,583,512$44,795,586
50$53,712,890$31,141,570$26,408,086$48,724,820
51$59,158,108$32,634,011$27,259,260$53,032,424
52$65,157,683$34,198,526$28,137,894$57,756,180
53$71,768,127$35,838,613$29,044,873$62,937,694
54$79,051,714$37,557,943$29,981,114$68,622,786
55$87,077,068$39,360,362$30,947,561$74,861,912
56$95,919,814$41,249,904$31,945,189$81,710,646
57$105,663,287$43,230,802$32,975,006$89,230,190
58$116,399,325$45,307,493$34,038,050$97,487,955
59$128,229,127$47,484,631$35,135,396$106,558,187
60$141,264,216$49,767,097$36,268,150$116,522,667
61$155,627,490$52,160,008$37,437,457$127,471,475
62$171,454,379$54,668,734$38,644,497$139,503,837
63$188,894,126$57,298,903$39,890,488$152,729,053
64$208,111,197$60,056,419$41,176,689$167,267,528
65$229,286,830$62,947,474$42,504,399$183,251,896
66$252,620,749$65,978,562$43,874,959$200,828,273
67$278,333,047$69,156,494$45,289,751$220,157,622
68$306,666,266$72,488,411$46,750,207$241,417,273
69$337,887,687$75,981,804$48,257,800$264,802,585
70$372,291,848$79,644,529$49,814,053$290,528,785
71$410,203,331$83,484,826$51,420,539$318,832,992
72$451,979,824$87,511,336$53,078,880$349,976,446
73$498,015,496$91,733,121$54,790,752$384,246,967
74$548,744,718$96,159,685$56,557,884$421,961,664
75$604,646,168$100,800,999$58,382,062$463,469,917
76$666,247,344$105,667,515$60,265,128$509,156,671
77$734,129,550$110,770,199$62,208,986$559,446,053
78$808,933,377$116,120,552$64,215,601$614,805,373
79$891,364,757$121,730,635$66,286,999$675,749,521
80$982,201,623$127,613,097$68,425,274$742,845,815
81$1,082,301,256$133,781,206$70,632,588$816,719,351
82$1,192,608,376$140,248,877$72,911,171$898,058,887
83$1,314,164,062$147,030,704$75,263,328$987,623,337
84$1,448,115,582$154,141,994$77,691,435$1,086,248,916
85$1,595,727,221$161,598,801$80,197,947$1,194,857,031
86$1,758,392,218$169,417,963$82,785,399$1,314,462,955
87$1,937,645,921$177,617,139$85,456,407$1,446,185,404
88$2,135,180,279$186,214,853$88,213,670$1,591,257,081
89$2,352,859,817$195,230,531$91,059,978$1,751,036,297
90$2,592,739,239$204,684,548$93,998,208$1,927,019,779
91$2,857,082,826$214,598,275$97,031,332$2,120,856,782
92$3,148,385,810$224,994,127$100,162,418$2,334,364,641
93$3,469,397,936$235,895,612$103,394,632$2,569,545,909
94$3,823,149,416$247,327,388$106,731,244$2,828,607,246
95$4,212,979,544$259,315,317$110,175,628$3,113,980,226
96$4,642,568,215$271,886,525$113,731,268$3,428,344,275
97$5,115,970,670$285,069,462$117,401,763$3,774,651,945
98$5,637,655,781$298,893,969$121,190,825$4,156,156,763
99$6,212,548,241$313,391,343$125,102,288$4,576,443,925
100$6,846,075,056$328,594,414$129,140,109$5,039,464,117