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%15.9%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,470,679
2 years$772,646$758,256$744,310$730,788$717,673$681,185
3 years$509,981$495,529$481,618$468,223$455,321$419,920
4 years$378,674$364,266$350,494$337,328$324,739$290,697
5 years$299,910$285,589$271,998$259,101$246,861$214,274
6 years$247,418$233,205$219,815$207,205$195,333$164,233
7 years$209,939$195,845$182,667$170,354$158,858$129,249
8 years$181,842$167,875$154,916$142,906$131,788$103,657
9 years$160,000$146,166$133,429$121,724$110,985$84,310
10 years$142,537$128,838$116,327$104,928$94,564$69,315
11 years$128,259$114,697$102,412$91,318$81,329$57,469
12 years$116,368$102,946$90,888$80,099$70,478$47,968
13 years$106,315$93,033$81,203$70,715$61,458$40,254
14 years$97,706$84,564$72,961$62,773$53,874$33,931
15 years$90,251$77,251$65,874$55,982$47,435$28,704
16 years$83,734$70,876$59,724$50,126$41,923$24,356
17 years$77,990$65,274$54,347$45,038$37,172$20,719
18 years$72,890$60,317$49,612$40,588$33,051$17,662
19 years$68,332$55,901$45,417$36,675$29,459$15,083
20 years$64,235$51,946$41,681$33,216$26,314$12,899
21 years$60,533$48,385$38,339$30,146$23,548$11,046
22 years$57,172$45,166$35,335$27,409$21,107$9,469
23 years$54,108$42,243$32,626$24,962$18,947$8,125
24 years$51,303$39,579$30,173$22,767$17,030$6,977
25 years$48,727$37,143$27,947$20,792$15,324$5,995
26 years$46,353$34,908$25,919$19,011$13,804$5,155
27 years$44,158$32,853$24,068$17,402$12,445$4,434
28 years$42,124$30,957$22,374$15,944$11,230$3,816
29 years$40,233$29,204$20,821$14,621$10,140$3,285
30 years$38,472$27,580$19,394$13,418$9,162$2,829
31 years$36,828$26,073$18,081$12,323$8,283$2,437
32 years$35,289$24,670$16,870$11,326$7,493$2,100
33 years$33,847$23,363$15,751$10,415$6,781$1,809
34 years$32,493$22,143$14,717$9,582$6,140$1,559
35 years$31,218$21,002$13,759$8,821$5,561$1,344
36 years$30,018$19,934$12,872$8,124$5,038$1,159
37 years$28,884$18,933$12,048$7,485$4,566$999
38 years$27,813$17,993$11,282$6,899$4,140$862
39 years$26,800$17,109$10,570$6,362$3,754$743
40 years$25,839$16,278$9,907$5,868$3,405$641
41 years$24,928$15,495$9,290$5,414$3,089$553
42 years$24,062$14,757$8,714$4,996$2,803$477
43 years$23,239$14,061$8,177$4,612$2,544$411
44 years$22,456$13,403$7,676$4,258$2,309$355
45 years$21,709$12,781$7,207$3,933$2,096$306
46 years$20,997$12,192$6,769$3,633$1,903$264
47 years$20,318$11,635$6,360$3,356$1,728$228
48 years$19,668$11,107$5,976$3,101$1,570$196
49 years$19,047$10,607$5,617$2,866$1,426$169
50 years$18,453$10,132$5,281$2,649$1,295$146

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 $2,823 every year, while hoping to spend $57,266 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: 57/18/25 Blend
39$18,900,000$18,900,000$18,900,000$18,900,000
40$20,830,712$19,829,012$19,536,062$21,876,128
41$22,894,514$20,739,703$20,129,589$23,502,604
42$25,166,904$21,693,098$20,741,081$25,268,142
43$27,669,099$22,691,231$21,371,077$27,191,262
44$30,424,475$23,736,229$22,020,137$29,287,195
45$33,458,794$24,830,326$22,688,833$31,572,692
46$36,800,439$25,975,861$23,377,758$34,066,178
47$40,480,692$27,175,286$24,087,520$36,787,921
48$44,534,018$28,431,171$24,818,748$39,760,219
49$48,998,399$29,746,209$25,572,087$43,007,605
50$53,915,687$31,123,225$26,348,203$46,557,072
51$59,332,002$32,565,177$27,147,782$50,438,328
52$65,298,163$34,075,167$27,971,530$54,684,061
53$71,870,172$35,656,448$28,820,173$59,330,253
54$79,109,742$37,312,426$29,694,462$64,416,502
55$87,084,876$39,046,675$30,595,166$69,986,399
56$95,870,511$40,862,939$31,523,081$76,087,928
57$105,549,224$42,765,144$32,479,026$82,773,912
58$116,212,013$44,757,405$33,463,841$90,102,504
59$127,959,155$46,844,034$34,478,397$98,137,732
60$140,901,152$49,029,555$35,523,586$106,950,091
61$155,159,772$51,318,705$36,600,328$116,617,202
62$170,869,202$53,716,456$37,709,573$127,224,537
63$188,177,313$56,228,014$38,852,296$138,866,215
64$207,247,054$58,858,842$40,029,503$151,645,882
65$228,257,992$61,614,664$41,242,230$165,677,680
66$251,408,005$64,501,481$42,491,543$181,087,313
67$276,915,153$67,525,584$43,778,540$198,013,226
68$305,019,730$70,693,569$45,104,353$216,607,895
69$335,986,540$74,012,352$46,470,146$237,039,260
70$370,107,391$77,489,181$47,877,120$259,492,298
71$407,703,850$81,131,656$49,326,509$284,170,752
72$449,130,282$84,947,746$50,819,587$311,299,045
73$494,777,190$88,945,805$52,357,662$341,124,386
74$545,074,905$93,134,591$53,942,085$373,919,084
75$600,497,646$97,523,286$55,574,245$409,983,110
76$661,567,997$102,121,518$57,255,573$449,646,906
77$728,861,840$106,939,381$58,987,543$493,274,496
78$803,013,794$111,987,457$60,771,672$541,266,898
79$884,723,201$117,276,841$62,609,522$594,065,896
80$974,760,730$122,819,169$64,502,704$652,158,193
81$1,073,975,653$128,626,638$66,452,874$716,079,981
82$1,183,303,863$134,712,036$68,461,738$786,421,987
83$1,303,776,705$141,088,773$70,531,054$863,835,029
84$1,436,530,715$147,770,910$72,662,631$949,036,133
85$1,582,818,352$154,773,189$74,858,333$1,042,815,282
86$1,744,019,815$162,111,066$77,120,078$1,146,042,851
87$1,921,656,078$169,800,750$79,449,843$1,259,677,796
88$2,117,403,247$177,859,235$81,849,661$1,384,776,681
89$2,333,108,381$186,304,341$84,321,628$1,522,503,625
90$2,570,806,934$195,154,752$86,867,901$1,674,141,263
91$2,832,741,967$204,430,061$89,490,701$1,841,102,825
92$3,121,385,324$214,150,810$92,192,316$2,024,945,447
93$3,439,460,970$224,338,542$94,975,101$2,227,384,835
94$3,789,970,703$235,015,845$97,841,481$2,450,311,433
95$4,176,222,497$246,206,403$100,793,953$2,695,808,230
96$4,601,861,730$257,935,055$103,835,088$2,966,170,387
97$5,070,905,597$270,227,844$106,967,535$3,263,926,868
98$5,587,781,039$283,112,080$110,194,019$3,591,864,274
99$6,157,366,533$296,616,400$113,517,346$3,953,053,103
100$6,785,038,150$310,770,834$116,940,408$4,350,876,700