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%17.1%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,455,818
2 years$768,558$754,244$740,372$726,922$713,875$670,575
3 years$507,282$492,907$479,070$465,746$452,912$410,988
4 years$376,670$362,339$348,640$335,544$323,021$282,795
5 years$298,323$284,078$270,559$257,730$245,555$207,138
6 years$246,109$231,971$218,652$206,108$194,299$157,725
7 years$208,828$194,809$181,701$169,453$158,017$123,286
8 years$180,880$166,987$154,097$142,150$131,091$98,182
9 years$159,154$145,392$132,723$121,080$110,397$79,279
10 years$141,783$128,156$115,711$104,372$94,064$64,693
11 years$127,580$114,090$101,870$90,835$80,898$53,226
12 years$115,753$102,401$90,407$79,675$70,105$44,078
13 years$105,753$92,541$80,773$70,341$61,133$36,692
14 years$97,189$84,117$72,575$62,441$53,589$30,674
15 years$89,773$76,842$65,525$55,686$47,184$25,732
16 years$83,291$70,501$59,408$49,861$41,701$21,647
17 years$77,577$64,929$54,059$44,800$36,975$18,254
18 years$72,504$59,997$49,349$40,373$32,876$15,424
19 years$67,971$55,605$45,177$36,481$29,303$13,053
20 years$63,895$51,671$41,461$33,040$26,174$11,062
21 years$60,213$48,129$38,136$29,986$23,423$9,386
22 years$56,870$44,927$35,148$27,264$20,996$7,971
23 years$53,822$42,019$32,453$24,830$18,847$6,776
24 years$51,032$39,369$30,014$22,647$16,940$5,763
25 years$48,469$36,946$27,799$20,682$15,243$4,905
26 years$46,108$34,723$25,782$18,911$13,731$4,177
27 years$43,925$32,679$23,941$17,309$12,379$3,558
28 years$41,901$30,793$22,256$15,859$11,170$3,032
29 years$40,021$29,050$20,711$14,543$10,086$2,585
30 years$38,269$27,434$19,292$13,347$9,114$2,204
31 years$36,633$25,935$17,985$12,258$8,240$1,880
32 years$35,103$24,539$16,780$11,266$7,453$1,604
33 years$33,668$23,239$15,668$10,360$6,745$1,368
34 years$32,321$22,026$14,639$9,532$6,107$1,167
35 years$31,053$20,891$13,687$8,775$5,531$996
36 years$29,859$19,828$12,804$8,081$5,012$850
37 years$28,732$18,833$11,984$7,446$4,542$726
38 years$27,666$17,898$11,222$6,863$4,118$619
39 years$26,658$17,019$10,514$6,328$3,734$529
40 years$25,703$16,192$9,855$5,837$3,387$451
41 years$24,796$15,413$9,241$5,385$3,073$385
42 years$23,935$14,679$8,668$4,970$2,788$329
43 years$23,116$13,986$8,134$4,588$2,531$281
44 years$22,337$13,332$7,635$4,236$2,297$240
45 years$21,594$12,713$7,169$3,912$2,085$205
46 years$20,886$12,128$6,733$3,614$1,893$175
47 years$20,210$11,574$6,326$3,338$1,719$149
48 years$19,564$11,049$5,945$3,085$1,561$128
49 years$18,946$10,551$5,588$2,851$1,418$109
50 years$18,355$10,079$5,253$2,635$1,288$93

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 $6,607 every year, while hoping to spend $35,540 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: 63/21/16 Blend
39$18,800,000$18,800,000$18,800,000$18,800,000
40$20,724,415$19,728,015$19,436,615$21,947,511
41$22,800,491$20,656,874$20,049,927$23,698,449
42$25,087,136$21,630,055$20,682,595$25,605,070
43$27,605,790$22,649,694$21,335,227$27,686,305
44$30,380,079$23,718,027$22,008,456$29,959,152
45$33,436,038$24,837,402$22,702,931$32,442,312
46$36,802,357$26,010,277$23,419,321$35,156,356
47$40,510,649$27,239,232$24,158,321$38,123,913
48$44,595,752$28,526,972$24,920,641$41,369,885
49$49,096,056$29,876,330$25,707,020$44,921,670
50$54,053,864$31,290,281$26,518,215$48,809,418
51$59,515,794$32,771,941$27,355,011$53,066,311
52$65,533,216$34,324,577$28,218,216$57,728,866
53$72,162,740$35,951,618$29,108,662$62,837,279
54$79,466,748$37,656,655$30,027,210$68,435,791
55$87,513,981$39,443,456$30,974,747$74,573,104
56$96,380,194$41,315,972$31,952,188$81,302,834
57$106,148,863$43,278,344$32,960,476$88,684,004
58$116,911,980$45,334,916$34,000,585$96,781,597
59$128,770,918$47,490,242$35,073,519$105,667,161
60$141,837,385$49,749,098$36,180,316$115,419,476
61$156,234,484$52,116,490$37,322,043$126,125,286
62$172,097,873$54,597,669$38,499,802$137,880,113
63$189,577,042$57,198,142$39,714,732$150,789,143
64$208,836,731$59,923,681$40,968,006$164,968,212
65$230,058,477$62,780,340$42,260,833$180,544,891
66$253,442,333$65,774,469$43,594,463$197,659,673
67$279,208,756$68,912,723$44,970,183$216,467,292
68$307,600,687$72,202,084$46,389,321$237,138,169
69$338,885,843$75,649,871$47,853,249$259,860,010
70$373,359,245$79,263,762$49,363,380$284,839,560
71$411,346,007$83,051,805$50,921,172$312,304,548
72$453,204,399$87,022,443$52,528,130$342,505,815
73$499,329,231$91,184,525$54,185,806$375,719,668
74$550,155,582$95,547,337$55,895,800$412,250,476
75$606,162,906$100,120,612$57,659,764$452,433,521
76$667,879,559$104,914,557$59,479,402$496,638,151
77$735,887,783$109,939,880$61,356,471$545,271,243
78$810,829,208$115,207,805$63,292,784$598,781,027
79$893,410,905$120,730,106$65,290,211$657,661,299
80$984,412,065$126,519,128$67,350,681$722,456,057
81$1,084,691,351$132,587,821$69,476,183$793,764,618
82$1,195,195,005$138,949,760$71,668,772$872,247,252
83$1,316,965,784$145,619,187$73,930,564$958,631,390
84$1,451,152,800$152,611,033$76,263,744$1,053,718,467
85$1,599,022,372$159,940,960$78,670,566$1,158,391,459
86$1,761,969,978$167,625,391$81,153,354$1,273,623,193
87$1,941,533,430$175,681,550$83,714,506$1,400,485,503
88$2,139,407,394$184,127,499$86,356,495$1,540,159,315
89$2,357,459,384$192,982,184$89,081,875$1,693,945,766
90$2,597,747,400$202,265,469$91,893,276$1,863,278,454
91$2,862,539,349$211,998,191$94,793,414$2,049,736,936
92$3,154,334,460$222,202,200$97,785,092$2,255,061,603
93$3,475,886,880$232,900,413$100,871,197$2,481,170,077
94$3,830,231,671$244,116,863$104,054,712$2,730,175,267
95$4,220,713,468$255,876,755$107,338,711$3,004,405,280
96$4,651,018,050$268,206,524$110,726,366$3,306,425,355
97$5,125,207,141$281,133,894$114,220,949$3,639,062,032
98$5,647,756,755$294,687,940$117,825,836$4,005,429,793
99$6,223,599,452$308,899,157$121,544,510$4,408,960,410
100$6,858,170,906$323,799,526$125,380,561$4,853,435,294