Can I retire at age 40 with 19,600,000?

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 $19,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,512,296
2 years$801,262$786,339$771,877$757,855$744,253$693,714
3 years$528,869$513,882$499,455$485,565$472,185$423,328
4 years$392,699$377,757$363,476$349,822$336,766$289,966
5 years$311,018$296,166$282,072$268,697$256,004$211,385
6 years$256,582$241,842$227,956$214,879$202,567$160,167
7 years$217,714$203,099$189,433$176,664$164,742$124,556
8 years$188,577$174,093$160,654$148,199$136,669$98,669
9 years$165,926$151,579$138,371$126,233$115,095$79,236
10 years$147,817$133,610$120,635$108,814$98,067$64,295
11 years$133,009$118,945$106,205$94,701$84,341$52,592
12 years$120,678$106,759$94,254$83,065$73,088$43,294
13 years$110,253$96,479$84,210$73,334$63,734$35,821
14 years$101,324$87,696$75,663$65,098$55,869$29,759
15 years$93,593$80,112$68,314$58,056$49,191$24,806
16 years$86,835$73,501$61,936$51,983$43,475$20,734
17 years$80,879$67,692$56,360$46,706$38,548$17,369
18 years$75,590$62,550$51,449$42,092$34,275$14,578
19 years$70,863$57,971$47,099$38,033$30,550$12,254
20 years$66,614$53,870$43,225$34,446$27,288$10,314
21 years$62,775$50,177$39,759$31,262$24,420$8,690
22 years$59,290$46,839$36,644$28,425$21,889$7,329
23 years$56,112$43,807$33,834$25,887$19,649$6,186
24 years$53,204$41,045$31,291$23,610$17,661$5,224
25 years$50,532$38,518$28,982$21,562$15,892$4,414
26 years$48,070$36,201$26,879$19,715$14,315$3,732
27 years$45,794$34,069$24,960$18,046$12,906$3,156
28 years$43,684$32,103$23,203$16,534$11,645$2,670
29 years$41,724$30,286$21,592$15,162$10,516$2,259
30 years$39,897$28,602$20,113$13,915$9,501$1,912
31 years$38,192$27,038$18,750$12,780$8,590$1,619
32 years$36,596$25,584$17,494$11,745$7,770$1,370
33 years$35,101$24,228$16,335$10,800$7,032$1,161
34 years$33,696$22,963$15,262$9,937$6,367$983
35 years$32,375$21,780$14,269$9,148$5,767$832
36 years$31,129$20,672$13,348$8,425$5,225$705
37 years$29,954$19,634$12,494$7,763$4,736$597
38 years$28,843$18,659$11,700$7,155$4,293$506
39 years$27,792$17,743$10,962$6,597$3,893$429
40 years$26,796$16,881$10,274$6,085$3,531$363
41 years$25,851$16,069$9,634$5,614$3,204$308
42 years$24,954$15,304$9,037$5,181$2,907$261
43 years$24,100$14,581$8,480$4,783$2,638$221
44 years$23,288$13,899$7,960$4,416$2,395$187
45 years$22,513$13,254$7,474$4,078$2,174$159
46 years$21,775$12,644$7,020$3,767$1,974$134
47 years$21,070$12,066$6,595$3,481$1,792$114
48 years$20,397$11,519$6,198$3,216$1,628$97
49 years$19,753$11,000$5,825$2,972$1,478$82
50 years$19,136$10,507$5,477$2,747$1,343$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $19,600,000, adding $6,930 every year, while hoping to spend $48,609 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: 68/24/8 Blend
39$19,600,000$19,600,000$19,600,000$19,600,000
40$21,606,348$20,567,548$20,263,748$23,043,827
41$23,758,476$21,523,639$20,890,864$24,954,034
42$26,128,492$22,524,948$21,537,359$27,035,707
43$28,738,569$23,573,641$22,203,832$29,310,858
44$31,613,140$24,671,987$22,890,897$31,798,418
45$34,779,130$25,822,364$23,599,192$34,519,215
46$38,266,206$27,027,264$24,329,370$37,496,162
47$42,107,062$28,289,303$25,082,106$40,754,472
48$46,337,722$29,611,219$25,858,097$44,321,888
49$50,997,886$30,995,885$26,658,059$48,228,942
50$56,131,298$32,446,311$27,482,732$52,509,235
51$61,786,165$33,965,654$28,332,878$57,199,746
52$68,015,606$35,557,224$29,209,282$62,341,181
53$74,878,159$37,224,489$30,112,754$67,978,346
54$82,438,329$38,971,087$31,044,129$74,160,562
55$90,767,198$40,800,829$32,004,266$80,942,128
56$99,943,096$42,717,714$32,994,054$88,382,820
57$110,052,342$44,725,933$34,014,404$96,548,454
58$121,190,055$46,829,877$35,066,261$105,511,491
59$133,461,055$49,034,155$36,150,595$115,351,721
60$146,980,849$51,343,596$37,268,407$126,156,998
61$161,876,726$53,763,262$38,420,728$138,024,067
62$178,288,953$56,298,462$39,608,623$151,059,464
63$196,372,102$58,954,763$40,833,188$165,380,512
64$216,296,509$61,737,999$42,095,552$181,116,416
65$238,249,880$64,654,289$43,396,881$198,409,472
66$262,439,067$67,710,047$44,738,375$217,416,400
67$289,092,012$70,912,000$46,121,272$238,309,810
68$318,459,910$74,267,200$47,546,846$261,279,815
69$350,819,568$77,783,041$49,016,414$286,535,816
70$386,476,030$81,467,276$50,531,329$314,308,463
71$425,765,446$85,328,033$52,092,990$344,851,818
72$469,058,252$89,373,837$53,702,835$378,445,735
73$516,762,662$93,613,624$55,362,349$415,398,486
74$569,328,528$98,056,766$57,073,061$456,049,659
75$627,251,578$102,713,087$58,836,549$500,773,336
76$691,078,102$107,592,892$60,654,437$549,981,615
77$761,410,109$112,706,984$62,528,400$604,128,474
78$838,911,004$118,066,690$64,460,166$663,714,040
79$924,311,858$123,683,889$66,451,513$729,289,285
80$1,018,418,305$129,571,038$68,504,276$801,461,207
81$1,122,118,148$135,741,195$70,620,346$880,898,535
82$1,236,389,743$142,208,057$72,801,671$968,338,018
83$1,362,311,230$148,985,985$75,050,261$1,064,591,355
84$1,501,070,716$156,090,038$77,368,184$1,170,552,828
85$1,653,977,486$163,536,008$79,757,576$1,287,207,715
86$1,822,474,371$171,340,453$82,220,636$1,415,641,568
87$2,008,151,359$179,520,738$84,759,630$1,557,050,420
88$2,212,760,616$188,095,072$87,376,895$1,712,752,051
89$2,438,233,018$197,082,550$90,074,840$1,884,198,390
90$2,686,696,386$206,503,195$92,855,947$2,072,989,188
91$2,960,495,570$216,378,005$95,722,775$2,280,887,080
92$3,262,214,591$226,728,999$98,677,960$2,509,834,190
93$3,594,701,028$237,579,269$101,724,221$2,761,970,420
94$3,961,092,909$248,953,030$104,864,359$3,039,653,609
95$4,364,848,332$260,875,674$108,101,261$3,345,481,751
96$4,809,778,113$273,373,833$111,437,904$3,682,317,470
97$5,300,081,761$286,475,431$114,877,354$4,053,314,996
98$5,840,387,129$300,209,756$118,422,775$4,461,949,891
99$6,435,794,102$314,607,520$122,077,423$4,912,051,807
100$7,091,922,741$329,700,929$125,844,657$5,407,840,581