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%13.8%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,483,366
2 years$772,646$758,256$744,310$730,788$717,673$693,810
3 years$509,981$495,529$481,618$468,223$455,321$432,085
4 years$378,674$364,266$350,494$337,328$324,739$302,308
5 years$299,910$285,589$271,998$259,101$246,861$225,301
6 years$247,418$233,205$219,815$207,205$195,333$174,667
7 years$209,939$195,845$182,667$170,354$158,858$139,094
8 years$181,842$167,875$154,916$142,906$131,788$112,922
9 years$160,000$146,166$133,429$121,724$110,985$93,007
10 years$142,537$128,838$116,327$104,928$94,564$77,461
11 years$128,259$114,697$102,412$91,318$81,329$65,081
12 years$116,368$102,946$90,888$80,099$70,478$55,066
13 years$106,315$93,033$81,203$70,715$61,458$46,860
14 years$97,706$84,564$72,961$62,773$53,874$40,065
15 years$90,251$77,251$65,874$55,982$47,435$34,390
16 years$83,734$70,876$59,724$50,126$41,923$29,617
17 years$77,990$65,274$54,347$45,038$37,172$25,576
18 years$72,890$60,317$49,612$40,588$33,051$22,139
19 years$68,332$55,901$45,417$36,675$29,459$19,203
20 years$64,235$51,946$41,681$33,216$26,314$16,684
21 years$60,533$48,385$38,339$30,146$23,548$14,518
22 years$57,172$45,166$35,335$27,409$21,107$12,648
23 years$54,108$42,243$32,626$24,962$18,947$11,032
24 years$51,303$39,579$30,173$22,767$17,030$9,631
25 years$48,727$37,143$27,947$20,792$15,324$8,415
26 years$46,353$34,908$25,919$19,011$13,804$7,358
27 years$44,158$32,853$24,068$17,402$12,445$6,438
28 years$42,124$30,957$22,374$15,944$11,230$5,636
29 years$40,233$29,204$20,821$14,621$10,140$4,936
30 years$38,472$27,580$19,394$13,418$9,162$4,325
31 years$36,828$26,073$18,081$12,323$8,283$3,790
32 years$35,289$24,670$16,870$11,326$7,493$3,323
33 years$33,847$23,363$15,751$10,415$6,781$2,915
34 years$32,493$22,143$14,717$9,582$6,140$2,557
35 years$31,218$21,002$13,759$8,821$5,561$2,243
36 years$30,018$19,934$12,872$8,124$5,038$1,969
37 years$28,884$18,933$12,048$7,485$4,566$1,728
38 years$27,813$17,993$11,282$6,899$4,140$1,517
39 years$26,800$17,109$10,570$6,362$3,754$1,332
40 years$25,839$16,278$9,907$5,868$3,405$1,169
41 years$24,928$15,495$9,290$5,414$3,089$1,027
42 years$24,062$14,757$8,714$4,996$2,803$902
43 years$23,239$14,061$8,177$4,612$2,544$792
44 years$22,456$13,403$7,676$4,258$2,309$696
45 years$21,709$12,781$7,207$3,933$2,096$611
46 years$20,997$12,192$6,769$3,633$1,903$537
47 years$20,318$11,635$6,360$3,356$1,728$471
48 years$19,668$11,107$5,976$3,101$1,570$414
49 years$19,047$10,607$5,617$2,866$1,426$364
50 years$18,453$10,132$5,281$2,649$1,295$320

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 $2,139 every year, while hoping to spend $42,427 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: 68/7/25 Blend
39$18,900,000$18,900,000$18,900,000$18,900,000
40$20,830,006$19,828,306$19,535,356$22,112,435
41$22,909,525$20,754,751$20,144,649$23,900,041
42$25,199,733$21,725,170$20,772,931$25,849,936
43$27,722,075$22,741,673$21,420,793$27,982,231
44$30,500,183$23,806,471$22,088,846$30,314,953
45$33,560,097$24,921,884$22,777,718$32,867,949
46$36,930,513$26,090,342$23,488,057$35,663,068
47$40,643,050$27,314,394$24,220,533$38,724,365
48$44,732,554$28,596,712$24,975,833$42,078,326
49$49,237,420$29,940,097$25,754,669$45,754,113
50$54,199,961$31,347,485$26,557,774$49,783,837
51$59,666,800$32,821,955$27,385,903$54,202,858
52$65,689,318$34,366,736$28,239,836$59,050,118
53$72,324,133$35,985,210$29,120,375$64,368,499
54$79,633,636$37,680,927$30,028,348$70,205,230
55$87,686,580$39,457,606$30,964,611$76,612,325
56$96,558,730$41,319,147$31,930,044$83,647,074
57$106,333,574$43,269,639$32,925,554$91,372,575
58$117,103,117$45,313,369$33,952,079$99,858,328
59$128,968,744$47,454,833$35,010,582$109,180,889
60$142,042,180$49,698,744$36,102,061$119,424,582
61$156,446,543$52,050,043$37,227,541$130,682,295
62$172,317,507$54,513,912$38,388,080$143,056,351
63$189,804,582$57,095,783$39,584,770$156,659,468
64$209,072,525$59,801,352$40,818,735$171,615,819
65$230,302,897$62,636,592$42,091,137$188,062,194
66$253,695,773$65,607,766$43,403,171$206,149,293
67$279,471,635$68,721,440$44,756,070$226,043,135
68$307,873,450$71,984,499$46,151,107$247,926,627
69$339,168,964$75,404,162$47,589,592$272,001,275
70$373,653,233$78,988,000$49,072,878$298,489,087
71$411,651,402$82,743,951$50,602,358$327,634,657
72$453,521,778$86,680,338$52,179,470$359,707,471
73$499,659,214$90,805,889$53,805,697$395,004,437
74$550,498,832$95,129,756$55,482,566$433,852,687
75$606,520,134$99,661,535$57,211,653$476,612,652
76$668,251,527$104,411,289$58,994,582$523,681,459
77$736,275,311$109,389,572$60,833,030$575,496,668
78$811,233,179$114,607,447$62,728,722$632,540,396
79$893,832,269$120,076,518$64,683,441$695,343,859
80$984,851,846$125,808,952$66,699,021$764,492,372
81$1,085,150,654$131,817,510$68,777,358$840,630,872
82$1,195,675,023$138,115,570$70,920,402$924,469,988
83$1,317,467,806$144,717,164$73,130,166$1,016,792,742
84$1,451,678,222$151,637,005$75,408,726$1,118,461,931
85$1,599,572,705$158,890,522$77,758,223$1,230,428,255
86$1,762,546,859$166,493,896$80,180,861$1,353,739,284
87$1,942,138,635$174,464,094$82,678,917$1,489,549,330
88$2,140,042,850$182,818,909$85,254,735$1,639,130,335
89$2,358,127,187$191,577,001$87,910,734$1,803,883,860
90$2,598,449,825$200,757,939$90,649,409$1,985,354,304
91$2,863,278,872$210,382,244$93,473,329$2,185,243,470
92$3,155,113,778$220,471,435$96,385,147$2,405,426,609
93$3,476,708,929$231,048,080$99,387,595$2,647,970,114
94$3,831,099,652$242,135,849$102,483,492$2,915,151,002
95$4,221,630,871$253,759,559$105,675,743$3,209,478,400
96$4,651,988,684$265,945,242$108,967,345$3,533,717,209
97$5,126,235,165$278,720,195$112,361,386$3,890,914,188
98$5,648,846,712$292,113,044$115,861,053$4,284,426,696
99$6,224,756,307$306,153,814$119,469,628$4,717,954,365
100$6,859,400,088$320,873,988$123,190,499$5,195,574,009