Can I retire at age 40 with 19,200,000?

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 $19,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,485,000
2 years$784,910$770,292$756,124$742,388$729,064$683,073
3 years$518,075$503,394$489,263$475,655$462,548$418,042
4 years$384,684$370,048$356,058$342,683$329,893$287,213
5 years$304,671$290,122$276,316$263,213$250,780$210,042
6 years$251,346$236,907$223,304$210,494$198,433$159,674
7 years$213,271$198,954$185,567$173,059$161,380$124,597
8 years$184,728$170,540$157,375$145,175$133,880$99,051
9 years$162,540$148,486$135,547$123,656$112,746$79,835
10 years$144,800$130,883$118,173$106,593$96,065$65,025
11 years$130,295$116,517$104,038$92,768$82,619$53,396
12 years$118,216$104,580$92,331$81,370$71,596$44,130
13 years$108,003$94,510$82,492$71,837$62,433$36,662
14 years$99,257$85,907$74,119$63,769$54,729$30,585
15 years$91,683$78,477$66,919$56,871$48,187$25,603
16 years$85,063$72,001$60,672$50,922$42,588$21,492
17 years$79,228$66,311$55,209$45,753$37,762$18,084
18 years$74,047$61,274$50,399$41,233$33,576$15,246
19 years$69,417$56,788$46,138$37,257$29,927$12,874
20 years$65,255$52,770$42,343$33,743$26,731$10,885
21 years$61,494$49,153$38,947$30,624$23,921$9,214
22 years$58,080$45,883$35,896$27,845$21,442$7,807
23 years$54,967$42,913$33,144$25,359$19,248$6,621
24 years$52,118$40,207$30,652$23,128$17,300$5,618
25 years$49,501$37,732$28,390$21,122$15,568$4,770
26 years$47,089$35,462$26,330$19,313$14,023$4,052
27 years$44,859$33,374$24,450$17,678$12,643$3,443
28 years$42,793$31,448$22,730$16,197$11,408$2,927
29 years$40,872$29,668$21,152$14,853$10,301$2,489
30 years$39,083$28,018$19,702$13,631$9,308$2,117
31 years$37,412$26,486$18,368$12,519$8,415$1,801
32 years$35,850$25,062$17,137$11,505$7,612$1,533
33 years$34,384$23,734$16,001$10,580$6,889$1,304
34 years$33,008$22,494$14,951$9,735$6,237$1,110
35 years$31,714$21,335$13,978$8,961$5,649$945
36 years$30,494$20,250$13,076$8,253$5,118$805
37 years$29,343$19,233$12,239$7,604$4,639$685
38 years$28,255$18,278$11,461$7,009$4,206$583
39 years$27,225$17,381$10,738$6,463$3,814$497
40 years$26,249$16,537$10,065$5,961$3,459$423
41 years$25,324$15,741$9,437$5,500$3,138$360
42 years$24,444$14,991$8,853$5,075$2,848$307
43 years$23,608$14,284$8,307$4,685$2,584$261
44 years$22,812$13,615$7,798$4,326$2,346$222
45 years$22,054$12,984$7,322$3,995$2,130$189
46 years$21,331$12,386$6,877$3,690$1,934$161
47 years$20,640$11,820$6,460$3,410$1,756$137
48 years$19,980$11,284$6,071$3,151$1,595$117
49 years$19,350$10,775$5,706$2,912$1,448$100
50 years$18,746$10,293$5,365$2,691$1,315$85

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $19,200,000, adding $4,072 every year, while hoping to spend $47,959 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: 80/5/15 Blend
39$19,200,000$19,200,000$19,200,000$19,200,000
40$21,162,600$20,145,000$19,847,400$22,790,023
41$23,270,157$21,081,077$20,461,260$24,797,226
42$25,591,078$22,061,415$21,094,077$26,993,013
43$28,147,075$23,088,131$21,746,435$29,401,511
44$30,962,073$24,163,445$22,418,937$32,044,020
45$34,062,436$25,289,686$23,112,204$34,944,003
46$37,477,217$26,469,294$23,826,875$38,127,298
47$41,238,429$27,704,825$24,563,611$41,622,366
48$45,381,348$28,998,960$25,323,091$45,460,552
49$49,944,848$30,354,512$26,106,017$49,676,383
50$54,971,765$31,774,425$26,913,111$54,307,890
51$60,509,302$33,261,789$27,745,118$59,396,967
52$66,609,477$34,819,842$28,602,805$64,989,759
53$73,329,608$36,451,979$29,486,963$71,137,100
54$80,732,861$38,161,759$30,398,409$77,894,990
55$88,888,839$39,952,912$31,337,983$85,325,118
56$97,874,246$41,829,350$32,306,551$93,495,446
57$107,773,606$43,795,174$33,305,006$102,480,842
58$118,680,059$45,854,684$34,334,270$112,363,789
59$130,696,248$48,012,386$35,395,290$123,235,160
60$143,935,279$50,273,006$36,489,046$135,195,069
61$158,521,793$52,641,500$37,616,545$148,353,816
62$174,593,143$55,123,060$38,778,826$162,832,925
63$192,300,688$57,723,134$39,976,961$178,766,286
64$211,811,222$60,447,432$41,212,053$196,301,415
65$233,308,550$63,301,940$42,485,241$215,600,847
66$256,995,222$66,292,935$43,797,697$236,843,660
67$283,094,445$69,426,999$45,150,629$260,227,165
68$311,852,188$72,711,031$46,545,285$285,968,767
69$343,539,508$76,152,268$47,982,948$314,308,005
70$378,455,103$79,758,295$49,464,943$345,508,817
71$416,928,138$83,537,066$50,992,633$379,862,024
72$459,321,347$87,496,921$52,567,425$417,688,066
73$506,034,459$91,646,605$54,190,769$459,340,030
74$557,507,973$95,995,287$55,864,158$505,206,971
75$614,227,311$100,552,581$57,589,132$555,717,583
76$676,727,408$105,328,569$59,367,280$611,344,237
77$745,597,756$110,333,821$61,200,236$672,607,439
78$821,487,970$115,579,421$63,089,687$740,080,733
79$905,113,922$121,076,992$65,037,370$814,396,111
80$997,264,498$126,838,720$67,045,078$896,249,971
81$1,098,809,044$132,877,385$69,114,656$986,409,687
82$1,210,705,577$139,206,387$71,248,007$1,085,720,845
83$1,334,009,823$145,839,778$73,447,092$1,195,115,213
84$1,469,885,189$152,792,291$75,713,934$1,315,619,539
85$1,619,613,743$160,079,378$78,050,616$1,448,365,228
86$1,784,608,318$167,717,241$80,459,284$1,594,599,015
87$1,966,425,850$175,722,869$82,942,154$1,755,694,731
88$2,166,782,075$184,114,078$85,501,505$1,933,166,258
89$2,387,567,731$192,909,552$88,139,689$2,128,681,814
90$2,630,866,401$202,128,881$90,859,130$2,344,079,691
91$2,898,974,188$211,792,610$93,662,324$2,581,385,598
92$3,194,421,390$221,922,284$96,551,848$2,842,831,777
93$3,519,996,391$232,540,494$99,530,353$3,130,878,061
94$3,878,771,977$243,670,934$102,600,575$3,448,235,090
95$4,274,134,357$255,338,447$105,765,332$3,797,889,882
96$4,709,815,119$267,569,089$109,027,529$4,183,134,026
97$5,189,926,470$280,390,183$112,390,160$4,607,594,739
98$5,719,000,050$293,830,382$115,856,310$5,075,269,098
99$6,302,029,719$307,919,735$119,429,161$5,590,561,761
100$6,944,518,702$322,689,753$123,111,989$6,158,326,532