Can I retire at age 40 with 18,900,000?

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,459,453
2 years$772,646$758,256$744,310$730,788$717,673$670,089
3 years$509,981$495,529$481,618$468,223$455,321$409,305
4 years$378,674$364,266$350,494$337,328$324,739$280,644
5 years$299,910$285,589$271,998$259,101$246,861$204,806
6 years$247,418$233,205$219,815$207,205$195,333$155,352
7 years$209,939$195,845$182,667$170,354$158,858$120,949
8 years$181,842$167,875$154,916$142,906$131,788$95,925
9 years$160,000$146,166$133,429$121,724$110,985$77,127
10 years$142,537$128,838$116,327$104,928$94,564$62,662
11 years$128,259$114,697$102,412$91,318$81,329$51,323
12 years$116,368$102,946$90,888$80,099$70,478$42,305
13 years$106,315$93,033$81,203$70,715$61,458$35,050
14 years$97,706$84,564$72,961$62,773$53,874$29,159
15 years$90,251$77,251$65,874$55,982$47,435$24,340
16 years$83,734$70,876$59,724$50,126$41,923$20,374
17 years$77,990$65,274$54,347$45,038$37,172$17,093
18 years$72,890$60,317$49,612$40,588$33,051$14,367
19 years$68,332$55,901$45,417$36,675$29,459$12,095
20 years$64,235$51,946$41,681$33,216$26,314$10,196
21 years$60,533$48,385$38,339$30,146$23,548$8,604
22 years$57,172$45,166$35,335$27,409$21,107$7,268
23 years$54,108$42,243$32,626$24,962$18,947$6,144
24 years$51,303$39,579$30,173$22,767$17,030$5,197
25 years$48,727$37,143$27,947$20,792$15,324$4,398
26 years$46,353$34,908$25,919$19,011$13,804$3,724
27 years$44,158$32,853$24,068$17,402$12,445$3,154
28 years$42,124$30,957$22,374$15,944$11,230$2,673
29 years$40,233$29,204$20,821$14,621$10,140$2,266
30 years$38,472$27,580$19,394$13,418$9,162$1,921
31 years$36,828$26,073$18,081$12,323$8,283$1,629
32 years$35,289$24,670$16,870$11,326$7,493$1,381
33 years$33,847$23,363$15,751$10,415$6,781$1,172
34 years$32,493$22,143$14,717$9,582$6,140$994
35 years$31,218$21,002$13,759$8,821$5,561$843
36 years$30,018$19,934$12,872$8,124$5,038$715
37 years$28,884$18,933$12,048$7,485$4,566$607
38 years$27,813$17,993$11,282$6,899$4,140$515
39 years$26,800$17,109$10,570$6,362$3,754$437
40 years$25,839$16,278$9,907$5,868$3,405$371
41 years$24,928$15,495$9,290$5,414$3,089$315
42 years$24,062$14,757$8,714$4,996$2,803$267
43 years$23,239$14,061$8,177$4,612$2,544$227
44 years$22,456$13,403$7,676$4,258$2,309$193
45 years$21,709$12,781$7,207$3,933$2,096$163
46 years$20,997$12,192$6,769$3,633$1,903$139
47 years$20,318$11,635$6,360$3,356$1,728$118
48 years$19,668$11,107$5,976$3,101$1,570$100
49 years$19,047$10,607$5,617$2,866$1,426$85
50 years$18,453$10,132$5,281$2,649$1,295$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $18,900,000, adding $4,960 every year, while hoping to spend $31,215 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: 36/42/22 Blend
39$18,900,000$18,900,000$18,900,000$18,900,000
40$20,832,916$19,831,216$19,538,266$21,444,157
41$22,924,661$20,769,733$20,159,586$22,831,234
42$25,228,718$21,753,192$20,800,673$24,324,423
43$27,766,709$22,783,760$21,462,158$25,935,814
44$30,562,463$23,863,713$22,144,689$27,676,010
45$33,642,235$24,995,436$22,848,937$29,556,631
46$37,034,959$26,181,429$23,575,593$31,590,413
47$40,772,519$27,424,314$24,325,370$33,791,324
48$44,890,051$28,726,839$25,099,004$36,174,681
49$49,426,271$30,091,889$25,897,256$38,757,286
50$54,423,844$31,522,486$26,720,908$41,557,577
51$59,929,787$33,021,798$27,570,769$44,595,784
52$65,995,910$34,593,151$28,447,674$47,894,117
53$72,679,306$36,240,028$29,352,484$51,476,956
54$80,042,890$37,966,084$30,286,087$55,371,074
55$88,155,993$39,775,151$31,249,400$59,605,873
56$97,095,019$41,671,248$32,243,368$64,213,649
57$106,944,159$43,658,587$33,268,969$69,229,880
58$117,796,193$45,741,588$34,327,210$74,693,551
59$129,753,362$47,924,883$35,419,128$80,647,499
60$142,928,333$50,213,331$36,545,798$87,138,808
61$157,445,266$52,612,027$37,708,325$94,219,229
62$173,440,981$55,126,314$38,907,852$101,945,655
63$191,066,252$57,761,794$40,145,556$110,380,639
64$210,487,231$60,524,343$41,422,653$119,592,961
65$231,887,015$63,420,122$42,740,398$129,658,260
66$255,467,374$66,455,592$44,100,085$140,659,722
67$281,450,658$69,637,528$45,503,050$152,688,847
68$310,081,895$72,973,036$46,950,672$165,846,286
69$341,631,100$76,469,567$48,444,371$180,242,767
70$376,395,831$80,134,934$49,985,616$196,000,113
71$414,703,993$83,977,333$51,575,921$213,252,365
72$456,916,934$88,005,357$53,216,849$232,147,019
73$503,432,860$92,228,018$54,910,012$252,846,388
74$554,690,587$96,654,766$56,657,073$275,529,102
75$611,173,691$101,295,514$58,459,749$300,391,763
76$673,415,069$106,160,655$60,319,812$327,650,763
77$742,001,969$111,261,091$62,239,089$357,544,294
78$817,581,538$116,608,253$64,219,467$390,334,558
79$900,866,928$122,214,129$66,262,891$426,310,202
80$992,644,027$128,091,294$68,371,371$465,788,999
81$1,093,778,883$134,252,934$70,546,977$509,120,809
82$1,205,225,878$140,712,876$72,791,850$556,690,832
83$1,328,036,735$147,485,624$75,108,194$608,923,201
84$1,463,370,450$154,586,388$77,498,287$666,284,932
85$1,612,504,235$162,031,120$79,964,478$729,290,282
86$1,776,845,571$169,836,548$82,509,192$798,505,548
87$1,957,945,498$178,020,219$85,134,929$874,554,360
88$2,157,513,261$186,600,532$87,844,272$958,123,503
89$2,377,432,442$195,596,786$90,639,883$1,049,969,338
90$2,619,778,744$205,029,221$93,524,511$1,150,924,883
91$2,886,839,586$214,919,063$96,500,993$1,261,907,598
92$3,181,135,701$225,288,574$99,572,254$1,383,927,984
93$3,505,444,932$236,161,104$102,741,314$1,518,099,040
94$3,862,828,457$247,561,140$106,011,289$1,665,646,693
95$4,256,659,687$259,514,364$109,385,395$1,827,921,291
96$4,690,656,119$272,047,711$112,866,950$2,006,410,260
97$5,168,914,427$285,189,433$116,459,377$2,202,752,058
98$5,695,949,141$298,969,158$120,166,208$2,418,751,548
99$6,276,735,267$313,417,960$123,991,090$2,656,396,933
100$6,916,755,257$328,568,433$127,937,784$2,917,878,427