Can I retire at age 40 with 18,700,000?

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,449,826
2 years$764,470$750,232$736,434$723,055$710,078$668,739
3 years$504,584$490,285$476,521$463,268$450,503$410,457
4 years$374,667$360,411$346,785$333,759$321,302$282,858
5 years$296,736$282,567$269,120$256,359$244,249$207,511
6 years$244,800$230,737$217,489$205,012$193,266$158,269
7 years$207,717$193,773$180,734$168,552$157,177$123,922
8 years$179,918$166,099$153,277$141,394$130,393$98,863
9 years$158,307$144,619$132,017$120,436$109,810$79,974
10 years$141,029$127,475$115,096$103,817$93,564$65,383
11 years$126,902$113,483$101,328$90,352$80,468$53,898
12 years$115,137$101,856$89,926$79,251$69,732$44,722
13 years$105,190$92,048$80,343$69,967$60,807$37,304
14 years$96,672$83,669$72,189$62,109$53,303$31,250
15 years$89,296$76,434$65,177$55,390$46,933$26,270
16 years$82,848$70,126$59,092$49,596$41,479$22,148
17 years$77,165$64,584$53,772$44,561$36,778$18,718
18 years$72,119$59,678$49,087$40,159$32,702$15,850
19 years$67,609$55,309$44,936$36,287$29,148$13,445
20 years$63,555$51,396$41,240$32,865$26,035$11,420
21 years$59,893$47,873$37,933$29,827$23,299$9,712
22 years$56,567$44,688$34,961$27,119$20,884$8,268
23 years$53,535$41,796$32,281$24,698$18,747$7,044
24 years$50,760$39,160$29,854$22,526$16,850$6,006
25 years$48,211$36,750$27,651$20,572$15,162$5,124
26 years$45,862$34,539$25,645$18,810$13,658$4,374
27 years$43,691$32,505$23,813$17,217$12,314$3,735
28 years$41,678$30,629$22,138$15,775$11,111$3,191
29 years$39,808$28,895$20,601$14,466$10,033$2,727
30 years$38,065$27,288$19,189$13,276$9,065$2,331
31 years$36,438$25,797$17,889$12,193$8,196$1,993
32 years$34,916$24,409$16,691$11,206$7,414$1,704
33 years$33,489$23,116$15,585$10,305$6,709$1,457
34 years$32,149$21,908$14,561$9,481$6,075$1,247
35 years$30,888$20,780$13,614$8,728$5,502$1,067
36 years$29,700$19,723$12,735$8,038$4,985$913
37 years$28,579$18,732$11,920$7,406$4,518$781
38 years$27,519$17,802$11,163$6,826$4,096$668
39 years$26,516$16,928$10,458$6,294$3,714$572
40 years$25,566$16,106$9,802$5,806$3,369$490
41 years$24,664$15,331$9,192$5,356$3,057$419
42 years$23,808$14,601$8,622$4,943$2,774$359
43 years$22,993$13,912$8,091$4,563$2,517$307
44 years$22,218$13,261$7,594$4,213$2,285$263
45 years$21,480$12,645$7,131$3,891$2,074$225
46 years$20,775$12,063$6,698$3,594$1,883$193
47 years$20,103$11,512$6,292$3,321$1,710$165
48 years$19,460$10,990$5,913$3,068$1,553$141
49 years$18,846$10,495$5,558$2,836$1,410$121
50 years$18,258$10,025$5,225$2,621$1,281$103

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $18,700,000, adding $6,661 every year, while hoping to spend $42,869 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: 77/16/7 Blend
39$18,700,000$18,700,000$18,700,000$18,700,000
40$20,614,271$19,623,171$19,333,321$22,183,646
41$22,671,314$20,539,094$19,935,375$24,131,070
42$24,936,739$21,498,460$20,556,161$26,259,432
43$27,431,755$22,503,354$21,196,261$28,591,654
44$30,179,735$23,555,958$21,856,276$31,147,978
45$33,206,431$24,658,564$22,536,824$33,950,686
46$36,540,223$25,813,570$23,238,545$37,024,309
47$40,212,385$27,023,494$23,962,095$40,395,853
48$44,257,377$28,290,973$24,708,153$44,095,051
49$48,713,172$29,618,774$25,477,420$48,154,641
50$53,621,618$31,009,796$26,270,615$52,610,669
51$59,028,825$32,467,078$27,088,483$57,502,828
52$64,985,608$33,993,808$27,931,790$62,874,826
53$71,547,962$35,593,327$28,801,327$68,774,796
54$78,777,592$37,269,137$29,697,909$75,255,742
55$86,742,494$39,024,912$30,622,377$82,376,040
56$95,517,597$40,864,502$31,575,595$90,199,981
57$105,185,474$42,791,944$32,558,459$98,798,371
58$115,837,114$44,811,471$33,571,889$108,249,196
59$127,572,786$46,927,520$34,616,835$118,638,355
60$140,502,987$49,144,745$35,694,275$130,060,456
61$154,749,478$51,468,024$36,805,219$142,619,714
62$170,446,439$53,902,472$37,950,709$156,430,918
63$187,741,734$56,453,451$39,131,816$171,620,517
64$206,798,308$59,126,587$40,349,648$188,327,796
65$227,795,719$61,927,774$41,605,346$206,706,195
66$250,931,842$64,863,194$42,900,084$226,924,738
67$276,424,730$67,939,330$44,235,077$249,169,628
68$304,514,674$71,162,979$45,611,574$273,645,995
69$335,466,473$74,541,267$47,030,864$300,579,819
70$369,571,931$78,081,668$48,494,276$330,220,060
71$407,152,615$81,792,016$50,003,181$362,840,993
72$448,562,885$85,680,528$51,558,991$398,744,790
73$494,193,245$89,755,820$53,163,162$438,264,360
74$544,474,025$94,026,924$54,817,198$481,766,480
75$599,879,447$98,503,315$56,522,645$529,655,249
76$660,932,097$103,194,924$58,281,100$582,375,886
77$728,207,863$108,112,168$60,094,210$640,418,922
78$802,341,370$113,265,968$61,963,670$704,324,817
79$884,031,968$118,667,779$63,891,231$774,689,048
80$974,050,337$124,329,609$65,878,696$852,167,714
81$1,073,245,765$130,264,053$67,927,926$937,483,718
82$1,182,554,158$136,484,317$70,040,836$1,031,433,570
83$1,303,006,883$143,004,249$72,219,405$1,134,894,894
84$1,435,740,500$149,838,372$74,465,670$1,248,834,692
85$1,582,007,494$157,001,916$76,781,734$1,374,318,456
86$1,743,188,098$164,510,849$79,169,761$1,512,520,205
87$1,920,803,322$172,381,918$81,631,986$1,664,733,552
88$2,116,529,315$180,632,687$84,170,712$1,832,383,891
89$2,332,213,187$189,281,570$86,788,313$2,017,041,830
90$2,569,890,448$198,347,883$89,487,236$2,220,438,001
91$2,831,804,221$207,851,877$92,270,007$2,444,479,367
92$3,120,426,426$217,814,793$95,139,226$2,691,267,203
93$3,438,481,108$228,258,904$98,097,576$2,963,116,904
94$3,788,970,159$239,207,569$101,147,824$3,262,579,818
95$4,175,201,660$250,685,284$104,292,820$3,592,467,299
96$4,600,821,104$262,717,738$107,535,505$3,955,877,222
97$5,069,845,821$275,331,872$110,878,909$4,356,223,192
98$5,586,702,900$288,555,939$114,326,157$4,797,266,741
99$6,156,270,985$302,419,569$117,880,472$5,283,152,798
100$6,783,926,332$316,953,834$121,545,175$5,818,448,791