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

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 $19,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,525,148
2 years$801,262$786,339$771,877$757,855$744,253$706,414
3 years$528,869$513,882$499,455$485,565$472,185$435,473
4 years$392,699$377,757$363,476$349,822$336,766$301,464
5 years$311,018$296,166$282,072$268,697$256,004$222,210
6 years$256,582$241,842$227,956$214,879$202,567$170,315
7 years$217,714$203,099$189,433$176,664$164,742$134,036
8 years$188,577$174,093$160,654$148,199$136,669$107,497
9 years$165,926$151,579$138,371$126,233$115,095$87,432
10 years$147,817$133,610$120,635$108,814$98,067$71,882
11 years$133,009$118,945$106,205$94,701$84,341$59,597
12 years$120,678$106,759$94,254$83,065$73,088$49,744
13 years$110,253$96,479$84,210$73,334$63,734$41,745
14 years$101,324$87,696$75,663$65,098$55,869$35,187
15 years$93,593$80,112$68,314$58,056$49,191$29,767
16 years$86,835$73,501$61,936$51,983$43,475$25,258
17 years$80,879$67,692$56,360$46,706$38,548$21,486
18 years$75,590$62,550$51,449$42,092$34,275$18,316
19 years$70,863$57,971$47,099$38,033$30,550$15,641
20 years$66,614$53,870$43,225$34,446$27,288$13,377
21 years$62,775$50,177$39,759$31,262$24,420$11,455
22 years$59,290$46,839$36,644$28,425$21,889$9,820
23 years$56,112$43,807$33,834$25,887$19,649$8,426
24 years$53,204$41,045$31,291$23,610$17,661$7,236
25 years$50,532$38,518$28,982$21,562$15,892$6,218
26 years$48,070$36,201$26,879$19,715$14,315$5,346
27 years$45,794$34,069$24,960$18,046$12,906$4,598
28 years$43,684$32,103$23,203$16,534$11,645$3,957
29 years$41,724$30,286$21,592$15,162$10,516$3,407
30 years$39,897$28,602$20,113$13,915$9,501$2,934
31 years$38,192$27,038$18,750$12,780$8,590$2,527
32 years$36,596$25,584$17,494$11,745$7,770$2,177
33 years$35,101$24,228$16,335$10,800$7,032$1,876
34 years$33,696$22,963$15,262$9,937$6,367$1,617
35 years$32,375$21,780$14,269$9,148$5,767$1,394
36 years$31,129$20,672$13,348$8,425$5,225$1,202
37 years$29,954$19,634$12,494$7,763$4,736$1,036
38 years$28,843$18,659$11,700$7,155$4,293$894
39 years$27,792$17,743$10,962$6,597$3,893$771
40 years$26,796$16,881$10,274$6,085$3,531$665
41 years$25,851$16,069$9,634$5,614$3,204$573
42 years$24,954$15,304$9,037$5,181$2,907$494
43 years$24,100$14,581$8,480$4,783$2,638$426
44 years$23,288$13,899$7,960$4,416$2,395$368
45 years$22,513$13,254$7,474$4,078$2,174$317
46 years$21,775$12,644$7,020$3,767$1,974$274
47 years$21,070$12,066$6,595$3,481$1,792$236
48 years$20,397$11,519$6,198$3,216$1,628$204
49 years$19,753$11,000$5,825$2,972$1,478$176
50 years$19,136$10,507$5,477$2,747$1,343$152

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 $3,590 every year, while hoping to spend $26,010 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: 61/12/27 Blend
39$19,600,000$19,600,000$19,600,000$19,600,000
40$21,602,903$20,564,103$20,260,303$22,763,763
41$23,778,725$21,544,070$20,911,349$24,533,844
42$26,175,609$22,571,183$21,583,333$26,461,951
43$28,816,075$23,647,726$22,276,929$28,566,055
44$31,724,942$24,776,091$22,992,833$30,863,333
45$34,929,556$25,958,790$23,731,764$33,372,686
46$38,460,055$27,198,454$24,494,461$36,114,909
47$42,349,646$28,497,844$25,281,691$39,112,888
48$46,634,925$29,859,854$26,094,243$42,391,808
49$51,356,220$31,287,519$26,932,933$45,979,387
50$56,557,969$32,784,022$27,798,601$49,906,134
51$62,289,145$34,352,702$28,692,117$54,205,630
52$68,603,711$35,997,058$29,614,377$58,914,843
53$75,561,138$37,720,762$30,566,306$64,074,470
54$83,226,957$39,527,662$31,548,860$69,729,314
55$91,673,384$41,421,796$32,563,025$75,928,703
56$100,980,002$43,407,397$33,609,819$82,726,952
57$111,234,507$45,488,904$34,690,293$90,183,863
58$122,533,539$47,670,973$35,805,530$98,365,289
59$134,983,596$49,958,486$36,956,651$107,343,747
60$148,702,035$52,356,564$38,144,811$117,199,094
61$163,818,183$54,870,576$39,371,203$128,019,275
62$180,474,558$57,506,154$40,637,058$139,901,145
63$198,828,211$60,269,204$41,943,647$152,951,376
64$219,052,211$63,165,918$43,292,283$167,287,455
65$241,337,281$66,202,792$44,684,318$183,038,784
66$265,893,592$69,386,638$46,121,152$200,347,893
67$292,952,755$72,724,599$47,604,226$219,371,777
68$322,770,000$76,224,168$49,135,032$240,283,365
69$355,626,589$79,893,202$50,715,105$263,273,146
70$391,832,473$83,739,941$52,346,033$288,550,956
71$431,729,215$87,773,027$54,029,454$316,347,944
72$475,693,214$92,001,524$55,767,060$346,918,747
73$524,139,261$96,434,938$57,560,595$380,543,880
74$577,524,452$101,083,237$59,411,862$417,532,369
75$636,352,508$105,956,877$61,322,721$458,224,661
76$701,178,522$111,066,823$63,295,091$502,995,818
77$772,614,209$116,424,575$65,330,954$552,259,046
78$851,333,674$122,042,194$67,432,357$606,469,581
79$938,079,777$127,932,331$69,601,410$666,128,973
80$1,033,671,151$134,108,251$71,840,293$731,789,798
81$1,139,009,922$140,583,869$74,151,257$804,060,867
82$1,255,090,234$147,373,779$76,536,624$883,612,945
83$1,383,007,629$154,493,285$78,998,792$971,185,075
84$1,523,969,391$161,958,440$81,540,235$1,067,591,529
85$1,679,305,945$169,786,079$84,163,509$1,173,729,477
86$1,850,483,415$177,993,861$86,871,250$1,290,587,436
87$2,039,117,467$186,600,304$89,666,181$1,419,254,581
88$2,246,988,563$195,624,833$92,551,111$1,560,931,002
89$2,476,058,764$205,087,818$95,528,942$1,716,939,011
90$2,728,490,264$215,010,627$98,602,667$1,888,735,603
91$3,006,665,792$225,415,668$101,775,378$2,077,926,179
92$3,313,211,114$236,326,447$105,050,264$2,286,279,682
93$3,651,019,819$247,767,614$108,430,619$2,515,745,262
94$4,023,280,639$259,765,026$111,919,843$2,768,470,652
95$4,433,507,551$272,345,800$115,521,446$3,046,822,412
96$4,885,572,956$285,538,378$119,239,048$3,353,408,238
97$5,383,744,233$299,372,594$123,076,392$3,691,101,546
98$5,932,724,029$313,879,735$127,037,335$4,063,068,567
99$6,537,694,657$329,092,620$131,125,863$4,472,798,198
100$7,204,367,022$345,045,668$135,346,090$4,924,134,905