Can I retire at age 40 with 19,700,000?

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,530,446
2 years$805,350$790,351$775,815$761,721$748,050$707,557
3 years$531,567$516,503$502,004$488,042$474,594$435,334
4 years$394,702$379,685$365,330$351,607$338,484$300,759
5 years$312,605$297,677$283,511$270,068$257,310$221,225
6 years$257,891$243,076$229,119$215,975$203,601$169,191
7 years$218,825$204,135$190,399$177,565$165,582$132,850
8 years$189,539$174,981$161,474$148,955$137,366$106,296
9 years$166,773$152,353$139,077$126,877$115,682$86,248
10 years$148,571$134,291$121,251$109,369$98,567$70,732
11 years$133,688$119,552$106,747$95,184$84,771$58,494
12 years$121,294$107,303$94,735$83,489$73,461$48,696
13 years$110,815$96,971$84,640$73,708$64,059$40,756
14 years$101,841$88,144$76,049$65,430$56,154$34,259
15 years$94,071$80,521$68,662$58,352$49,442$28,901
16 years$87,278$73,876$62,253$52,248$43,697$24,454
17 years$81,291$68,037$56,647$46,944$38,745$20,741
18 years$75,975$62,870$51,712$42,306$34,450$17,629
19 years$71,225$58,267$47,339$38,227$30,706$15,009
20 years$66,954$54,144$43,446$34,622$27,427$12,798
21 years$63,095$50,433$39,962$31,422$24,544$10,926
22 years$59,592$47,078$36,831$28,570$22,001$9,337
23 years$56,398$44,031$34,007$26,019$19,749$7,987
24 years$53,475$41,254$31,451$23,731$17,751$6,837
25 years$50,790$38,715$29,130$21,672$15,973$5,856
26 years$48,315$36,386$27,016$19,816$14,388$5,019
27 years$46,027$34,243$25,087$18,138$12,972$4,303
28 years$43,907$32,267$23,322$16,618$11,705$3,691
29 years$41,936$30,440$21,703$15,239$10,569$3,167
30 years$40,101$28,748$20,215$13,986$9,550$2,718
31 years$38,387$27,176$18,846$12,845$8,634$2,334
32 years$36,783$25,714$17,584$11,805$7,810$2,004
33 years$35,280$24,352$16,418$10,856$7,068$1,721
34 years$33,868$23,080$15,340$9,988$6,399$1,479
35 years$32,540$21,891$14,342$9,195$5,796$1,270
36 years$31,288$20,778$13,416$8,468$5,252$1,092
37 years$30,107$19,734$12,558$7,802$4,760$938
38 years$28,991$18,754$11,760$7,191$4,315$806
39 years$27,934$17,834$11,017$6,631$3,913$693
40 years$26,933$16,967$10,327$6,116$3,549$595
41 years$25,983$16,151$9,683$5,643$3,220$512
42 years$25,081$15,382$9,083$5,208$2,922$440
43 years$24,223$14,656$8,523$4,807$2,652$378
44 years$23,406$13,970$8,001$4,439$2,407$325
45 years$22,628$13,322$7,512$4,099$2,185$280
46 years$21,886$12,708$7,056$3,787$1,984$240
47 years$21,178$12,128$6,629$3,498$1,802$207
48 years$20,501$11,577$6,229$3,233$1,636$178
49 years$19,854$11,056$5,855$2,987$1,486$153
50 years$19,234$10,561$5,505$2,761$1,350$131

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $19,700,000, adding $3,434 every year, while hoping to spend $20,333 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: 43/30/27 Blend
39$19,700,000$19,700,000$19,700,000$19,700,000
40$21,712,942$20,668,842$20,363,492$22,475,471
41$23,906,028$21,659,981$21,024,035$24,012,621
42$26,322,127$22,699,005$21,706,025$25,674,846
43$28,983,966$23,788,237$22,410,158$27,475,499
44$31,916,587$24,930,117$23,137,154$29,427,414
45$35,147,587$26,127,202$23,887,758$31,544,681
46$38,707,378$27,382,171$24,662,734$33,842,768
47$42,629,471$28,697,839$25,462,877$36,338,661
48$46,950,798$30,077,153$26,289,004$39,051,017
49$51,712,053$31,523,207$27,141,959$42,000,329
50$56,958,082$33,039,245$28,022,615$45,209,111
51$62,738,306$34,628,667$28,931,872$48,702,104
52$69,107,183$36,295,042$29,870,659$52,506,495
53$76,124,727$38,042,110$30,839,938$56,652,168
54$83,857,072$39,873,796$31,840,699$61,171,973
55$92,377,096$41,794,215$32,873,965$66,102,024
56$101,765,111$43,807,683$33,940,794$71,482,031
57$112,109,618$45,918,725$35,042,276$77,355,661
58$123,508,146$48,132,089$36,179,539$83,770,936
59$136,068,168$50,452,753$37,353,745$90,780,675
60$149,908,122$52,885,939$38,566,096$98,442,981
61$165,158,523$55,437,122$39,817,833$106,821,767
62$181,963,198$58,112,046$41,110,235$115,987,353
63$200,480,642$60,916,735$42,444,626$126,017,108
64$220,885,517$63,857,504$43,822,371$136,996,166
65$243,370,299$66,940,981$45,244,880$149,018,213
66$268,147,094$70,174,114$46,713,608$162,186,350
67$295,449,643$73,564,190$48,230,058$176,614,051
68$325,535,525$77,118,854$49,795,784$192,426,211
69$358,688,592$80,846,122$51,412,387$209,760,306
70$395,221,649$84,754,402$53,081,522$228,767,669
71$435,479,402$88,852,513$54,804,898$249,614,896
72$479,841,718$93,149,703$56,584,279$272,485,393
73$528,727,208$97,655,673$58,421,487$297,581,085
74$582,597,179$102,380,597$60,318,403$325,124,292
75$641,959,991$107,335,146$62,276,969$355,359,807
76$707,375,854$112,530,512$64,299,191$388,557,172
77$779,462,117$117,978,432$66,387,139$425,013,198
78$858,899,097$123,691,220$68,542,953$465,054,729
79$946,436,502$129,681,787$70,768,839$509,041,703
80$1,042,900,509$135,963,678$73,067,078$557,370,510
81$1,149,201,559$142,551,097$75,440,024$610,477,700
82$1,266,342,961$149,458,943$77,890,108$668,844,066
83$1,395,430,355$156,702,843$80,419,838$732,999,147
84$1,537,682,156$164,299,187$83,031,808$803,526,181
85$1,694,441,055$172,265,167$85,728,692$881,067,574
86$1,867,186,694$180,618,811$88,513,255$966,330,913
87$2,057,549,637$189,379,033$91,388,349$1,060,095,606
88$2,267,326,761$198,565,668$94,356,921$1,163,220,185
89$2,498,498,225$208,199,520$97,422,012$1,276,650,364
90$2,753,246,159$218,302,411$100,586,764$1,401,427,912
91$3,033,975,267$228,897,228$103,854,420$1,538,700,430
92$3,343,335,531$240,007,979$107,228,330$1,689,732,128
93$3,684,247,227$251,659,843$110,711,951$1,855,915,697
94$4,059,928,498$263,879,229$114,308,855$2,038,785,394
95$4,473,925,733$276,693,839$118,022,730$2,240,031,458
96$4,930,147,048$290,132,727$121,857,381$2,461,515,994
97$5,432,899,185$304,226,369$125,816,742$2,705,290,485
98$5,986,928,169$319,006,729$129,904,870$2,973,615,072
99$6,597,464,119$334,507,334$134,125,960$3,268,979,821
100$7,270,270,617$350,763,352$138,484,337$3,594,128,139