Can I retire at age 40 with 18,800,000?

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 $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,478,567
2 years$768,558$754,244$740,372$726,922$713,875$693,187
3 years$507,282$492,907$479,070$465,746$452,912$432,749
4 years$376,670$362,339$348,640$335,544$323,021$303,538
5 years$298,323$284,078$270,559$257,730$245,555$226,810
6 years$246,109$231,971$218,652$206,108$194,299$176,314
7 years$208,828$194,809$181,701$169,453$158,017$140,798
8 years$180,880$166,987$154,097$142,150$131,091$114,635
9 years$159,154$145,392$132,723$121,080$110,397$94,698
10 years$141,783$128,156$115,711$104,372$94,064$79,110
11 years$127,580$114,090$101,870$90,835$80,898$66,675
12 years$115,753$102,401$90,407$79,675$70,105$56,595
13 years$105,753$92,541$80,773$70,341$61,133$48,319
14 years$97,189$84,117$72,575$62,441$53,589$41,452
15 years$89,773$76,842$65,525$55,686$47,184$35,702
16 years$83,291$70,501$59,408$49,861$41,701$30,854
17 years$77,577$64,929$54,059$44,800$36,975$26,739
18 years$72,504$59,997$49,349$40,373$32,876$23,230
19 years$67,971$55,605$45,177$36,481$29,303$20,223
20 years$63,895$51,671$41,461$33,040$26,174$17,636
21 years$60,213$48,129$38,136$29,986$23,423$15,403
22 years$56,870$44,927$35,148$27,264$20,996$13,471
23 years$53,822$42,019$32,453$24,830$18,847$11,795
24 years$51,032$39,369$30,014$22,647$16,940$10,338
25 years$48,469$36,946$27,799$20,682$15,243$9,068
26 years$46,108$34,723$25,782$18,911$13,731$7,961
27 years$43,925$32,679$23,941$17,309$12,379$6,993
28 years$41,901$30,793$22,256$15,859$11,170$6,146
29 years$40,021$29,050$20,711$14,543$10,086$5,405
30 years$38,269$27,434$19,292$13,347$9,114$4,755
31 years$36,633$25,935$17,985$12,258$8,240$4,185
32 years$35,103$24,539$16,780$11,266$7,453$3,685
33 years$33,668$23,239$15,668$10,360$6,745$3,245
34 years$32,321$22,026$14,639$9,532$6,107$2,859
35 years$31,053$20,891$13,687$8,775$5,531$2,519
36 years$29,859$19,828$12,804$8,081$5,012$2,220
37 years$28,732$18,833$11,984$7,446$4,542$1,957
38 years$27,666$17,898$11,222$6,863$4,118$1,725
39 years$26,658$17,019$10,514$6,328$3,734$1,521
40 years$25,703$16,192$9,855$5,837$3,387$1,341
41 years$24,796$15,413$9,241$5,385$3,073$1,183
42 years$23,935$14,679$8,668$4,970$2,788$1,043
43 years$23,116$13,986$8,134$4,588$2,531$920
44 years$22,337$13,332$7,635$4,236$2,297$812
45 years$21,594$12,713$7,169$3,912$2,085$716
46 years$20,886$12,128$6,733$3,614$1,893$632
47 years$20,210$11,574$6,326$3,338$1,719$557
48 years$19,564$11,049$5,945$3,085$1,561$492
49 years$18,946$10,551$5,588$2,851$1,418$434
50 years$18,355$10,079$5,253$2,635$1,288$383

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $18,800,000, adding $2,971 every year, while hoping to spend $55,715 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: 39/39/22 Blend
39$18,800,000$18,800,000$18,800,000$18,800,000
40$20,720,665$19,724,265$19,432,865$21,392,968
41$22,774,892$20,631,473$20,024,585$22,785,653
42$25,036,783$21,581,268$20,634,261$24,285,085
43$27,527,461$22,575,676$21,262,435$25,905,306
44$30,270,202$23,616,824$21,909,666$27,657,318
45$33,290,652$24,706,938$22,576,530$29,553,184
46$36,617,075$25,848,354$23,263,620$31,606,142
47$40,280,612$27,043,519$23,971,546$33,830,717
48$44,315,581$28,294,997$24,700,939$36,242,849
49$48,759,796$29,605,478$25,452,447$38,860,039
50$53,654,928$30,977,779$26,226,737$41,701,500
51$59,046,895$32,414,855$27,024,497$44,788,332
52$64,986,296$33,919,801$27,846,435$48,143,709
53$71,528,890$35,495,863$28,693,282$51,793,089
54$78,736,119$37,146,442$29,565,790$55,764,442
55$86,675,691$38,875,105$30,464,731$60,088,502
56$95,422,217$40,685,591$31,390,905$64,799,047
57$105,057,914$42,581,816$32,345,132$69,933,201
58$115,673,386$44,567,890$33,328,258$75,531,778
59$127,368,472$46,648,117$34,341,155$81,639,646
60$140,253,193$48,827,012$35,384,721$88,306,141
61$154,448,790$51,109,307$36,459,881$95,585,516
62$170,088,866$53,499,962$37,567,586$103,537,438
63$187,320,647$56,004,177$38,708,817$112,227,532
64$206,306,376$58,627,405$39,884,585$121,727,986
65$227,224,839$61,375,360$41,095,931$132,118,215
66$250,273,054$64,254,034$42,343,926$143,485,588
67$275,668,132$67,269,708$43,629,674$155,926,237
68$303,649,326$70,428,968$44,954,313$169,545,939
69$334,480,288$73,738,718$46,319,013$184,461,099
70$368,451,557$77,206,195$47,724,980$200,799,821
71$405,883,306$80,838,989$49,173,457$218,703,095
72$447,128,359$84,645,055$50,665,723$238,326,103
73$492,575,523$88,632,734$52,203,096$259,839,661
74$542,653,260$92,810,772$53,786,934$283,431,798
75$597,833,729$97,188,337$55,418,633$309,309,510
76$658,637,247$101,775,042$57,099,634$337,700,678
77$725,637,194$106,580,968$58,831,420$368,856,190
78$799,465,433$111,616,680$60,615,518$403,052,279
79$880,818,270$116,893,260$62,453,500$440,593,094
80$970,463,027$122,422,323$64,346,986$481,813,537
81$1,069,245,291$128,216,052$66,297,645$527,082,387
82$1,178,096,889$134,287,217$68,307,195$576,805,740
83$1,298,044,691$140,649,210$70,377,405$631,430,806
84$1,430,220,298$147,316,070$72,510,097$691,450,083
85$1,575,870,732$154,302,521$74,707,148$757,405,966
86$1,736,370,201$161,623,998$76,970,492$829,895,819
87$1,913,233,076$169,296,689$79,302,118$909,577,561
88$2,108,128,187$177,337,564$81,704,077$997,175,833
89$2,322,894,578$185,764,421$84,178,479$1,093,488,780
90$2,559,558,867$194,595,919$86,727,500$1,199,395,531
91$2,820,354,377$203,851,625$89,353,377$1,315,864,439
92$3,107,742,226$213,552,057$92,058,417$1,443,962,161
93$3,424,434,553$223,718,728$94,844,995$1,584,863,662
94$3,773,420,131$234,374,199$97,715,556$1,739,863,244
95$4,157,992,575$245,542,126$100,672,618$1,910,386,687
96$4,581,781,442$257,247,314$103,718,774$2,098,004,640
97$5,048,786,492$269,515,775$106,856,696$2,304,447,371
98$5,563,415,453$282,374,787$110,089,134$2,531,621,018
99$6,130,525,628$295,852,951$113,418,919$2,781,625,499
100$6,755,469,759$309,980,262$116,848,970$3,056,774,250