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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.7%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,452,313
2 years$768,558$754,244$740,372$726,922$713,875$667,117
3 years$507,282$492,907$479,070$465,746$452,912$407,686
4 years$376,670$362,339$348,640$335,544$323,021$279,675
5 years$298,323$284,078$270,559$257,730$245,555$204,206
6 years$246,109$231,971$218,652$206,108$194,299$154,982
7 years$208,828$194,809$181,701$169,453$158,017$120,730
8 years$180,880$166,987$154,097$142,150$131,091$95,807
9 years$159,154$145,392$132,723$121,080$110,397$77,079
10 years$141,783$128,156$115,711$104,372$94,064$62,663
11 years$127,580$114,090$101,870$90,835$80,898$51,357
12 years$115,753$102,401$90,407$79,675$70,105$42,361
13 years$105,753$92,541$80,773$70,341$61,133$35,120
14 years$97,189$84,117$72,575$62,441$53,589$29,238
15 years$89,773$76,842$65,525$55,686$47,184$24,423
16 years$83,291$70,501$59,408$49,861$41,701$20,458
17 years$77,577$64,929$54,059$44,800$36,975$17,176
18 years$72,504$59,997$49,349$40,373$32,876$14,448
19 years$67,971$55,605$45,177$36,481$29,303$12,172
20 years$63,895$51,671$41,461$33,040$26,174$10,269
21 years$60,213$48,129$38,136$29,986$23,423$8,672
22 years$56,870$44,927$35,148$27,264$20,996$7,331
23 years$53,822$42,019$32,453$24,830$18,847$6,202
24 years$51,032$39,369$30,014$22,647$16,940$5,250
25 years$48,469$36,946$27,799$20,682$15,243$4,447
26 years$46,108$34,723$25,782$18,911$13,731$3,768
27 years$43,925$32,679$23,941$17,309$12,379$3,195
28 years$41,901$30,793$22,256$15,859$11,170$2,709
29 years$40,021$29,050$20,711$14,543$10,086$2,298
30 years$38,269$27,434$19,292$13,347$9,114$1,950
31 years$36,633$25,935$17,985$12,258$8,240$1,655
32 years$35,103$24,539$16,780$11,266$7,453$1,405
33 years$33,668$23,239$15,668$10,360$6,745$1,192
34 years$32,321$22,026$14,639$9,532$6,107$1,012
35 years$31,053$20,891$13,687$8,775$5,531$860
36 years$29,859$19,828$12,804$8,081$5,012$730
37 years$28,732$18,833$11,984$7,446$4,542$620
38 years$27,666$17,898$11,222$6,863$4,118$527
39 years$26,658$17,019$10,514$6,328$3,734$447
40 years$25,703$16,192$9,855$5,837$3,387$380
41 years$24,796$15,413$9,241$5,385$3,073$323
42 years$23,935$14,679$8,668$4,970$2,788$274
43 years$23,116$13,986$8,134$4,588$2,531$233
44 years$22,337$13,332$7,635$4,236$2,297$198
45 years$21,594$12,713$7,169$3,912$2,085$168
46 years$20,886$12,128$6,733$3,614$1,893$143
47 years$20,210$11,574$6,326$3,338$1,719$121
48 years$19,564$11,049$5,945$3,085$1,561$103
49 years$18,946$10,551$5,588$2,851$1,418$88
50 years$18,355$10,079$5,253$2,635$1,288$74

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 $2,389 every year, while hoping to spend $37,759 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: 27/50/23 Blend
39$18,800,000$18,800,000$18,800,000$18,800,000
40$20,720,064$19,723,664$19,432,264$21,129,109
41$22,793,336$20,649,949$20,043,070$22,379,565
42$25,076,815$21,620,355$20,673,072$23,717,800
43$27,591,904$22,637,006$21,322,874$25,153,912
44$30,362,185$23,702,127$21,993,097$26,696,234
45$33,413,647$24,818,050$22,684,384$28,353,872
46$36,774,924$25,987,220$23,397,397$30,136,789
47$40,477,575$27,212,201$24,132,818$32,055,880
48$44,556,371$28,495,683$24,891,351$34,123,069
49$49,049,632$29,840,483$25,673,722$36,351,409
50$53,999,583$31,249,555$26,480,681$38,755,191
51$59,452,757$32,726,000$27,313,000$41,350,070
52$65,460,429$34,273,065$28,171,476$44,153,195
53$72,079,103$35,894,155$29,056,931$47,183,361
54$79,371,047$37,592,843$29,970,213$50,461,169
55$87,404,874$39,372,873$30,912,196$54,009,207
56$96,256,198$41,238,171$31,883,781$57,852,246
57$106,008,342$43,192,853$32,885,899$62,017,459
58$116,753,126$45,241,236$33,919,510$66,534,657
59$128,591,733$47,387,846$34,985,603$71,436,557
60$141,635,668$49,637,427$36,085,198$76,759,066
61$156,007,802$51,994,957$37,219,348$82,541,605
62$171,843,540$54,465,653$38,389,139$88,827,456
63$189,292,097$57,054,986$39,595,691$95,664,153
64$208,517,903$59,768,692$40,840,158$103,103,904
65$229,702,158$62,612,787$42,123,733$111,204,061
66$253,044,543$65,593,579$43,447,643$120,027,639
67$278,765,104$68,717,681$44,813,156$129,643,880
68$307,106,328$71,992,031$46,221,580$140,128,883
69$338,335,432$75,423,899$47,674,262$151,566,290
70$372,746,890$79,020,914$49,172,593$164,048,050
71$410,665,205$82,791,071$50,718,007$177,675,252
72$452,447,979$86,742,757$52,311,984$192,559,046
73$498,489,287$90,884,766$53,956,049$208,821,660
74$549,223,394$95,226,319$55,651,776$226,597,518
75$605,128,858$99,777,086$57,400,789$246,034,466
76$666,733,046$104,547,209$59,204,760$267,295,136
77$734,617,115$109,547,320$61,065,418$290,558,432
78$809,421,494$114,788,571$62,984,542$316,021,179
79$891,851,932$120,282,658$64,963,971$343,899,938
80$982,686,163$126,041,841$67,005,597$374,432,998
81$1,082,781,243$132,078,983$69,111,377$407,882,577
82$1,193,081,646$138,407,570$71,283,324$444,537,246
83$1,314,628,177$145,041,743$73,523,518$484,714,600
84$1,448,567,798$151,996,336$75,834,103$528,764,194
85$1,596,164,458$159,286,901$78,217,290$577,070,788
86$1,758,811,024$166,929,750$80,675,360$630,057,914
87$1,938,042,430$174,941,990$83,210,666$688,191,806
88$2,135,550,169$183,341,558$85,825,635$751,985,738
89$2,353,198,261$192,147,269$88,522,768$822,004,794
90$2,593,040,850$201,378,852$91,304,648$898,871,125
91$2,857,341,599$211,056,998$94,173,936$983,269,747
92$3,148,595,058$221,203,407$97,133,378$1,075,954,923
93$3,469,550,215$231,840,835$100,185,807$1,177,757,197
94$3,823,236,449$242,993,148$103,334,144$1,289,591,142
95$4,212,992,131$254,685,376$106,581,402$1,412,463,902
96$4,642,496,138$266,943,769$109,930,689$1,547,484,597
97$5,115,802,586$279,795,856$113,385,208$1,695,874,690
98$5,637,379,105$293,270,507$116,948,268$1,858,979,409
99$6,212,149,015$307,398,004$120,623,276$2,038,280,330
100$6,845,537,809$322,210,101$124,413,751$2,235,409,249