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

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,490,134
2 years$772,646$758,256$744,310$730,788$717,673$700,580
3 years$509,981$495,529$481,618$468,223$455,321$438,645
4 years$378,674$364,266$350,494$337,328$324,739$308,608
5 years$299,910$285,589$271,998$259,101$246,861$231,323
6 years$247,418$233,205$219,815$207,205$195,333$180,406
7 years$209,939$195,845$182,667$170,354$158,858$144,548
8 years$181,842$167,875$154,916$142,906$131,788$118,095
9 years$160,000$146,166$133,429$121,724$110,985$97,902
10 years$142,537$128,838$116,327$104,928$94,564$82,084
11 years$128,259$114,697$102,412$91,318$81,329$69,440
12 years$116,368$102,946$90,888$80,099$70,478$59,169
13 years$106,315$93,033$81,203$70,715$61,458$50,714
14 years$97,706$84,564$72,961$62,773$53,874$43,680
15 years$90,251$77,251$65,874$55,982$47,435$37,775
16 years$83,734$70,876$59,724$50,126$41,923$32,781
17 years$77,990$65,274$54,347$45,038$37,172$28,530
18 years$72,890$60,317$49,612$40,588$33,051$24,892
19 years$68,332$55,901$45,417$36,675$29,459$21,765
20 years$64,235$51,946$41,681$33,216$26,314$19,065
21 years$60,533$48,385$38,339$30,146$23,548$16,727
22 years$57,172$45,166$35,335$27,409$21,107$14,695
23 years$54,108$42,243$32,626$24,962$18,947$12,926
24 years$51,303$39,579$30,173$22,767$17,030$11,382
25 years$48,727$37,143$27,947$20,792$15,324$10,031
26 years$46,353$34,908$25,919$19,011$13,804$8,848
27 years$44,158$32,853$24,068$17,402$12,445$7,810
28 years$42,124$30,957$22,374$15,944$11,230$6,898
29 years$40,233$29,204$20,821$14,621$10,140$6,095
30 years$38,472$27,580$19,394$13,418$9,162$5,389
31 years$36,828$26,073$18,081$12,323$8,283$4,766
32 years$35,289$24,670$16,870$11,326$7,493$4,217
33 years$33,847$23,363$15,751$10,415$6,781$3,733
34 years$32,493$22,143$14,717$9,582$6,140$3,305
35 years$31,218$21,002$13,759$8,821$5,561$2,927
36 years$30,018$19,934$12,872$8,124$5,038$2,592
37 years$28,884$18,933$12,048$7,485$4,566$2,297
38 years$27,813$17,993$11,282$6,899$4,140$2,035
39 years$26,800$17,109$10,570$6,362$3,754$1,803
40 years$25,839$16,278$9,907$5,868$3,405$1,599
41 years$24,928$15,495$9,290$5,414$3,089$1,417
42 years$24,062$14,757$8,714$4,996$2,803$1,256
43 years$23,239$14,061$8,177$4,612$2,544$1,114
44 years$22,456$13,403$7,676$4,258$2,309$988
45 years$21,709$12,781$7,207$3,933$2,096$876
46 years$20,997$12,192$6,769$3,633$1,903$777
47 years$20,318$11,635$6,360$3,356$1,728$689
48 years$19,668$11,107$5,976$3,101$1,570$611
49 years$19,047$10,607$5,617$2,866$1,426$542
50 years$18,453$10,132$5,281$2,649$1,295$481

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 $6,791 every year, while hoping to spend $49,393 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: 77/14/9 Blend
39$18,900,000$18,900,000$18,900,000$18,900,000
40$20,834,805$19,833,105$19,540,155$22,408,763
41$22,907,401$20,752,373$20,142,196$24,363,713
42$25,189,747$21,715,030$20,762,751$26,499,617
43$27,703,184$22,723,150$21,402,386$28,840,069
44$30,471,231$23,778,906$22,061,688$31,405,396
45$33,519,801$24,884,578$22,741,259$34,217,980
46$36,877,452$26,042,553$23,441,722$37,302,460
47$40,575,650$27,255,336$24,163,718$40,685,966
48$44,649,070$28,525,551$24,907,906$44,398,366
49$49,135,922$29,855,950$25,674,968$48,472,552
50$54,078,311$31,249,416$26,465,604$52,944,740
51$59,522,636$32,708,975$27,280,539$57,854,813
52$65,520,024$34,237,794$28,120,516$63,246,689
53$72,126,817$35,839,197$28,986,305$69,168,737
54$79,405,102$37,516,666$29,878,695$75,674,223
55$87,423,294$39,273,854$30,798,503$82,821,816
56$96,256,786$41,114,589$31,746,569$90,676,128
57$105,988,658$43,042,884$32,723,759$99,308,326
58$116,710,462$45,062,946$33,730,965$108,796,798
59$128,523,085$47,179,187$34,769,109$119,227,883
60$141,537,703$49,396,230$35,839,137$130,696,686
61$155,876,828$51,718,924$36,942,027$143,307,967
62$171,675,465$54,152,352$38,078,786$157,177,124
63$189,082,387$56,701,843$39,250,450$172,431,275
64$208,261,541$59,372,984$40,458,091$189,210,456
65$229,393,590$62,171,632$41,702,809$207,668,931
66$252,677,624$65,103,929$42,985,740$227,976,642
67$278,333,034$68,176,314$44,308,055$250,320,807
68$306,601,588$71,395,538$45,670,959$274,907,679
69$337,749,710$74,768,679$47,075,697$301,964,486
70$372,070,996$78,303,160$48,523,548$331,741,565
71$409,888,983$82,006,761$50,015,832$364,514,715
72$451,560,208$85,887,640$51,553,911$400,587,797
73$497,477,568$89,954,353$53,139,186$440,295,589
74$548,074,032$94,215,869$54,773,101$484,006,932
75$603,826,729$98,681,592$56,457,146$532,128,210
76$665,261,449$103,361,384$58,192,854$585,107,169
77$732,957,609$108,265,584$59,981,806$643,437,132
78$807,553,721$113,405,034$61,825,633$707,661,648
79$889,753,422$118,791,101$63,726,013$778,379,604
80$980,332,112$124,435,706$65,684,676$856,250,874
81$1,080,144,280$130,351,348$67,703,405$942,002,524
82$1,190,131,565$136,551,133$69,784,037$1,036,435,672
83$1,311,331,649$143,048,803$71,928,467$1,140,433,025
84$1,444,888,052$149,858,769$74,138,645$1,254,967,205
85$1,592,060,926$156,996,141$76,416,582$1,381,109,907
86$1,754,238,953$164,476,765$78,764,350$1,520,042,006
87$1,932,952,455$172,317,255$81,184,085$1,673,064,678
88$2,129,887,840$180,535,035$83,677,986$1,841,611,672
89$2,346,903,522$189,148,374$86,248,321$2,027,262,823
90$2,586,047,469$198,176,432$88,897,427$2,231,758,943
91$2,849,576,531$207,639,298$91,627,712$2,457,018,236
92$3,139,977,753$217,558,038$94,441,655$2,705,154,384
93$3,459,991,848$227,954,747$97,341,815$2,978,496,475
94$3,812,639,076$238,852,589$100,330,826$3,279,610,968
95$4,201,247,756$250,275,860$103,411,402$3,611,325,896
96$4,629,485,685$262,250,035$106,586,342$3,976,757,534
97$5,101,394,768$274,801,830$109,858,528$4,379,339,793
98$5,621,429,177$287,959,262$113,230,931$4,822,856,605
99$6,194,497,398$301,751,711$116,706,612$5,311,477,620
100$6,826,008,574$316,209,987$120,288,725$5,849,797,531