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%18.8%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,507,477
2 years$801,262$786,339$771,877$757,855$744,253$688,975
3 years$528,869$513,882$499,455$485,565$472,185$418,820
4 years$392,699$377,757$363,476$349,822$336,766$285,722
5 years$311,018$296,166$282,072$268,697$256,004$207,415
6 years$256,582$241,842$227,956$214,879$202,567$156,470
7 years$217,714$203,099$189,433$176,664$164,742$121,126
8 years$188,577$174,093$160,654$148,199$136,669$95,499
9 years$165,926$151,579$138,371$126,233$115,095$76,317
10 years$147,817$133,610$120,635$108,814$98,067$61,614
11 years$133,009$118,945$106,205$94,701$84,341$50,139
12 years$120,678$106,759$94,254$83,065$73,088$41,055
13 years$110,253$96,479$84,210$73,334$63,734$33,784
14 years$101,324$87,696$75,663$65,098$55,869$27,911
15 years$93,593$80,112$68,314$58,056$49,191$23,133
16 years$86,835$73,501$61,936$51,983$43,475$19,224
17 years$80,879$67,692$56,360$46,706$38,548$16,010
18 years$75,590$62,550$51,449$42,092$34,275$13,357
19 years$70,863$57,971$47,099$38,033$30,550$11,160
20 years$66,614$53,870$43,225$34,446$27,288$9,336
21 years$62,775$50,177$39,759$31,262$24,420$7,818
22 years$59,290$46,839$36,644$28,425$21,889$6,552
23 years$56,112$43,807$33,834$25,887$19,649$5,495
24 years$53,204$41,045$31,291$23,610$17,661$4,611
25 years$50,532$38,518$28,982$21,562$15,892$3,872
26 years$48,070$36,201$26,879$19,715$14,315$3,252
27 years$45,794$34,069$24,960$18,046$12,906$2,732
28 years$43,684$32,103$23,203$16,534$11,645$2,296
29 years$41,724$30,286$21,592$15,162$10,516$1,931
30 years$39,897$28,602$20,113$13,915$9,501$1,623
31 years$38,192$27,038$18,750$12,780$8,590$1,365
32 years$36,596$25,584$17,494$11,745$7,770$1,148
33 years$35,101$24,228$16,335$10,800$7,032$966
34 years$33,696$22,963$15,262$9,937$6,367$813
35 years$32,375$21,780$14,269$9,148$5,767$684
36 years$31,129$20,672$13,348$8,425$5,225$575
37 years$29,954$19,634$12,494$7,763$4,736$484
38 years$28,843$18,659$11,700$7,155$4,293$407
39 years$27,792$17,743$10,962$6,597$3,893$343
40 years$26,796$16,881$10,274$6,085$3,531$289
41 years$25,851$16,069$9,634$5,614$3,204$243
42 years$24,954$15,304$9,037$5,181$2,907$204
43 years$24,100$14,581$8,480$4,783$2,638$172
44 years$23,288$13,899$7,960$4,416$2,395$145
45 years$22,513$13,254$7,474$4,078$2,174$122
46 years$21,775$12,644$7,020$3,767$1,974$103
47 years$21,070$12,066$6,595$3,481$1,792$86
48 years$20,397$11,519$6,198$3,216$1,628$73
49 years$19,753$11,000$5,825$2,972$1,478$61
50 years$19,136$10,507$5,477$2,747$1,343$51

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 $3,640 every year, while hoping to spend $37,793 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: 55/33/12 Blend
39$19,600,000$19,600,000$19,600,000$19,600,000
40$21,602,955$20,564,155$20,260,355$22,724,647
41$23,766,245$21,531,587$20,898,865$24,453,255
42$26,148,923$22,545,156$21,557,499$26,330,045
43$28,773,329$23,607,084$22,236,890$28,372,662
44$31,664,076$24,719,699$22,937,694$30,596,914
45$34,848,289$25,885,442$23,660,584$33,020,170
46$38,355,858$27,106,872$24,406,257$35,661,518
47$42,219,720$28,386,673$25,175,431$38,541,939
48$46,476,170$29,727,659$25,968,847$41,684,498
49$51,165,204$31,132,779$26,787,268$45,114,553
50$56,330,897$32,605,126$27,631,483$48,859,985
51$62,021,815$34,147,945$28,502,304$52,951,455
52$68,291,480$35,764,634$29,400,571$57,422,683
53$75,198,869$37,458,759$30,327,149$62,310,757
54$82,808,974$39,234,058$31,282,928$67,656,473
55$91,193,414$41,094,452$32,268,831$73,504,711
56$100,431,112$43,044,049$33,285,806$79,904,846
57$110,609,037$45,087,160$34,334,833$86,911,204
58$121,823,031$47,228,302$35,416,922$94,583,565
59$134,178,706$49,472,215$36,533,115$102,987,708
60$147,792,446$51,823,866$37,684,486$112,196,029
61$162,792,504$54,288,464$38,872,145$122,288,202
62$179,320,213$56,871,472$40,097,235$133,351,922
63$197,531,319$59,578,618$41,360,937$145,483,715
64$217,597,451$62,415,909$42,664,466$158,789,838
65$239,707,744$65,389,641$44,009,079$173,387,260
66$264,070,621$68,506,420$45,396,070$189,404,753
67$290,915,761$71,773,171$46,826,774$206,984,089
68$320,496,268$75,197,156$48,302,570$226,281,359
69$353,091,060$78,785,989$49,824,879$247,468,429
70$389,007,502$82,547,657$51,395,167$270,734,539
71$428,584,308$86,490,533$53,014,946$296,288,069
72$472,194,737$90,623,398$54,685,776$324,358,485
73$520,250,116$94,955,461$56,409,265$355,198,480
74$573,203,726$99,496,377$58,187,075$389,086,337
75$631,555,080$104,256,274$60,020,916$426,328,528
76$695,854,637$109,245,769$61,912,554$467,262,581
77$766,708,997$114,475,999$63,863,812$512,260,239
78$844,786,634$119,958,642$65,876,569$561,730,939
79$930,824,199$125,705,944$67,952,763$616,125,645
80$1,025,633,480$131,730,748$70,094,393$675,941,075
81$1,130,109,062$138,046,521$72,303,522$741,724,356
82$1,245,236,773$144,667,388$74,582,277$814,078,153
83$1,372,102,993$151,608,160$76,932,852$893,666,319
84$1,511,904,908$158,884,369$79,357,513$981,220,127
85$1,665,961,812$166,512,306$81,858,593$1,077,545,130
86$1,835,727,562$174,509,054$84,438,501$1,183,528,724
87$2,022,804,304$182,892,529$87,099,721$1,300,148,479
88$2,228,957,599$191,681,519$89,844,818$1,428,481,325
89$2,456,133,089$200,895,727$92,676,433$1,569,713,664
90$2,706,474,865$210,555,819$95,597,295$1,725,152,522
91$2,982,345,713$220,683,466$98,610,216$1,896,237,835
92$3,286,349,415$231,301,396$101,718,098$2,084,555,983
93$3,621,355,335$242,433,444$104,923,934$2,291,854,710
94$3,990,525,505$254,104,608$108,230,811$2,520,059,560
95$4,397,344,477$266,341,105$111,641,914$2,771,291,992
96$4,845,652,224$279,170,429$115,160,529$3,047,889,339
97$5,339,680,388$292,621,417$118,790,043$3,352,426,802
98$5,884,092,230$306,724,309$122,533,952$3,687,741,686
99$6,484,026,660$321,510,823$126,395,863$4,056,960,112
100$7,145,146,749$337,014,222$130,379,493$4,463,526,443