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%18.3%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,441,125
2 years$764,470$750,232$736,434$723,055$710,078$660,158
3 years$504,584$490,285$476,521$463,268$450,503$402,269
4 years$374,667$360,411$346,785$333,759$321,302$275,124
5 years$296,736$282,567$269,120$256,359$244,249$200,249
6 years$244,800$230,737$217,489$205,012$193,266$151,480
7 years$207,717$193,773$180,734$168,552$157,177$117,598
8 years$179,918$166,099$153,277$141,394$130,393$92,992
9 years$158,307$144,619$132,017$120,436$109,810$74,541
10 years$141,029$127,475$115,096$103,817$93,564$60,371
11 years$126,902$113,483$101,328$90,352$80,468$49,287
12 years$115,137$101,856$89,926$79,251$69,732$40,492
13 years$105,190$92,048$80,343$69,967$60,807$33,434
14 years$96,672$83,669$72,189$62,109$53,303$27,718
15 years$89,296$76,434$65,177$55,390$46,933$23,056
16 years$82,848$70,126$59,092$49,596$41,479$19,229
17 years$77,165$64,584$53,772$44,561$36,778$16,073
18 years$72,119$59,678$49,087$40,159$32,702$13,460
19 years$67,609$55,309$44,936$36,287$29,148$11,289
20 years$63,555$51,396$41,240$32,865$26,035$9,480
21 years$59,893$47,873$37,933$29,827$23,299$7,969
22 years$56,567$44,688$34,961$27,119$20,884$6,705
23 years$53,535$41,796$32,281$24,698$18,747$5,645
24 years$50,760$39,160$29,854$22,526$16,850$4,756
25 years$48,211$36,750$27,651$20,572$15,162$4,009
26 years$45,862$34,539$25,645$18,810$13,658$3,381
27 years$43,691$32,505$23,813$17,217$12,314$2,853
28 years$41,678$30,629$22,138$15,775$11,111$2,407
29 years$39,808$28,895$20,601$14,466$10,033$2,032
30 years$38,065$27,288$19,189$13,276$9,065$1,716
31 years$36,438$25,797$17,889$12,193$8,196$1,449
32 years$34,916$24,409$16,691$11,206$7,414$1,224
33 years$33,489$23,116$15,585$10,305$6,709$1,034
34 years$32,149$21,908$14,561$9,481$6,075$873
35 years$30,888$20,780$13,614$8,728$5,502$738
36 years$29,700$19,723$12,735$8,038$4,985$623
37 years$28,579$18,732$11,920$7,406$4,518$527
38 years$27,519$17,802$11,163$6,826$4,096$445
39 years$26,516$16,928$10,458$6,294$3,714$376
40 years$25,566$16,106$9,802$5,806$3,369$318
41 years$24,664$15,331$9,192$5,356$3,057$269
42 years$23,808$14,601$8,622$4,943$2,774$227
43 years$22,993$13,912$8,091$4,563$2,517$192
44 years$22,218$13,261$7,594$4,213$2,285$162
45 years$21,480$12,645$7,131$3,891$2,074$137
46 years$20,775$12,063$6,698$3,594$1,883$116
47 years$20,103$11,512$6,292$3,321$1,710$98
48 years$19,460$10,990$5,913$3,068$1,553$83
49 years$18,846$10,495$5,558$2,836$1,410$70
50 years$18,258$10,025$5,225$2,621$1,281$59

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 $4,993 every year, while hoping to spend $46,597 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: 79/9/12 Blend
39$18,700,000$18,700,000$18,700,000$18,700,000
40$20,612,550$19,621,450$19,331,600$22,194,382
41$22,665,452$20,533,322$19,929,630$24,146,726
42$24,926,187$21,488,315$20,546,132$26,281,635
43$27,415,907$22,488,491$21,181,676$28,622,525
44$30,157,916$23,536,013$21,836,849$31,189,963
45$33,177,896$24,633,151$22,512,256$34,006,594
46$36,504,146$25,782,280$23,208,522$37,097,359
47$40,167,850$26,985,893$23,926,288$40,489,719
48$44,203,371$28,246,602$24,666,219$44,213,920
49$48,648,574$29,567,145$25,428,997$48,303,270
50$53,545,187$30,950,393$26,215,326$52,794,454
51$58,939,190$32,399,356$27,025,933$57,727,877
52$64,881,251$33,917,188$27,861,566$63,148,040
53$71,427,206$35,507,197$28,722,995$69,103,960
54$78,638,582$37,172,851$29,611,017$75,649,628
55$86,583,181$38,917,785$30,526,450$82,844,517
56$95,335,719$40,745,809$31,470,139$90,754,136
57$104,978,528$42,660,920$32,442,955$99,450,648
58$115,602,339$44,667,307$33,445,795$109,013,549
59$127,307,133$46,769,360$34,479,584$119,530,410
60$140,203,087$48,971,684$35,545,276$131,097,700
61$154,411,612$51,279,107$36,643,854$143,821,698
62$170,066,503$53,696,690$37,776,329$157,819,485
63$187,315,198$56,229,739$38,943,748$173,220,049
64$206,320,169$58,883,818$40,147,185$190,165,494
65$227,260,461$61,664,759$41,387,749$208,812,380
66$250,333,374$64,578,679$42,666,586$229,333,194
67$275,756,334$67,631,990$43,984,872$251,917,973
68$303,768,938$70,831,415$45,343,823$276,776,092
69$334,635,219$74,184,004$46,744,691$304,138,234
70$368,646,140$77,697,149$48,188,766$334,258,563
71$406,122,335$81,378,598$49,677,379$367,417,114
72$447,417,142$85,236,478$51,211,900$403,922,433
73$492,919,935$89,279,310$52,793,743$444,114,482
74$543,059,799$93,516,027$54,424,364$488,367,839
75$598,309,584$97,955,998$56,105,266$537,095,226
76$659,190,364$102,609,044$57,837,994$590,751,401
77$726,276,359$107,485,465$59,624,145$649,837,440
78$800,200,356$112,596,061$61,465,362$714,905,457
79$881,659,681$117,952,156$63,363,340$786,563,810
80$971,422,781$123,565,625$65,319,825$865,482,833
81$1,070,336,483$129,448,919$67,336,618$952,401,154
82$1,179,333,983$135,615,095$69,415,573$1,048,132,658
83$1,299,443,658$142,077,843$71,558,603$1,153,574,162
84$1,431,798,774$148,851,521$73,767,680$1,269,713,863
85$1,577,648,186$155,951,182$76,044,834$1,397,640,663
86$1,738,368,126$163,392,614$78,392,160$1,538,554,433
87$1,915,475,193$171,192,371$80,811,816$1,693,777,326
88$2,110,640,677$179,367,812$83,306,026$1,864,766,247
89$2,325,706,331$187,937,140$85,877,084$2,053,126,594
90$2,562,701,762$196,919,444$88,527,351$2,260,627,398
91$2,823,863,588$206,334,744$91,259,264$2,489,218,006
92$3,111,656,557$216,204,030$94,075,332$2,741,046,473
93$3,428,796,814$226,549,315$96,978,144$3,018,479,819
94$3,778,277,543$237,393,685$99,970,366$3,324,126,361
95$4,163,397,225$248,761,348$103,054,745$3,660,860,319
96$4,587,790,779$260,677,691$106,234,116$4,031,848,929
97$5,055,463,877$273,169,336$109,511,397$4,440,582,324
98$5,570,830,761$286,264,203$112,889,598$4,890,906,467
99$6,138,755,920$299,991,570$116,371,820$5,387,059,431
100$6,764,600,007$314,382,141$119,961,260$5,933,711,393