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%13.2%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,549,991
2 years$805,350$790,351$775,815$761,721$748,050$727,013
3 years$531,567$516,503$502,004$488,042$474,594$454,087
4 years$394,702$379,685$365,330$351,607$338,484$318,666
5 years$312,605$297,677$283,511$270,068$257,310$238,239
6 years$257,891$243,076$229,119$215,975$203,601$185,298
7 years$218,825$204,135$190,399$177,565$165,582$148,055
8 years$189,539$174,981$161,474$148,955$137,366$120,613
9 years$166,773$152,353$139,077$126,877$115,682$99,696
10 years$148,571$134,291$121,251$109,369$98,567$83,335
11 years$133,688$119,552$106,747$95,184$84,771$70,280
12 years$121,294$107,303$94,735$83,489$73,461$59,694
13 years$110,815$96,971$84,640$73,708$64,059$50,998
14 years$101,841$88,144$76,049$65,430$56,154$43,779
15 years$94,071$80,521$68,662$58,352$49,442$37,732
16 years$87,278$73,876$62,253$52,248$43,697$32,631
17 years$81,291$68,037$56,647$46,944$38,745$28,299
18 years$75,975$62,870$51,712$42,306$34,450$24,603
19 years$71,225$58,267$47,339$38,227$30,706$21,433
20 years$66,954$54,144$43,446$34,622$27,427$18,705
21 years$63,095$50,433$39,962$31,422$24,544$16,350
22 years$59,592$47,078$36,831$28,570$22,001$14,310
23 years$56,398$44,031$34,007$26,019$19,749$12,539
24 years$53,475$41,254$31,451$23,731$17,751$10,998
25 years$50,790$38,715$29,130$21,672$15,973$9,655
26 years$48,315$36,386$27,016$19,816$14,388$8,483
27 years$46,027$34,243$25,087$18,138$12,972$7,458
28 years$43,907$32,267$23,322$16,618$11,705$6,560
29 years$41,936$30,440$21,703$15,239$10,569$5,774
30 years$40,101$28,748$20,215$13,986$9,550$5,084
31 years$38,387$27,176$18,846$12,845$8,634$4,478
32 years$36,783$25,714$17,584$11,805$7,810$3,946
33 years$35,280$24,352$16,418$10,856$7,068$3,478
34 years$33,868$23,080$15,340$9,988$6,399$3,066
35 years$32,540$21,891$14,342$9,195$5,796$2,704
36 years$31,288$20,778$13,416$8,468$5,252$2,385
37 years$30,107$19,734$12,558$7,802$4,760$2,104
38 years$28,991$18,754$11,760$7,191$4,315$1,856
39 years$27,934$17,834$11,017$6,631$3,913$1,638
40 years$26,933$16,967$10,327$6,116$3,549$1,446
41 years$25,983$16,151$9,683$5,643$3,220$1,276
42 years$25,081$15,382$9,083$5,208$2,922$1,127
43 years$24,223$14,656$8,523$4,807$2,652$995
44 years$23,406$13,970$8,001$4,439$2,407$878
45 years$22,628$13,322$7,512$4,099$2,185$775
46 years$21,886$12,708$7,056$3,787$1,984$685
47 years$21,178$12,128$6,629$3,498$1,802$605
48 years$20,501$11,577$6,229$3,233$1,636$534
49 years$19,854$11,056$5,855$2,987$1,486$471
50 years$19,234$10,561$5,505$2,761$1,350$416

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 $6,861 every year, while hoping to spend $27,707 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: 44/30/26 Blend
39$19,700,000$19,700,000$19,700,000$19,700,000
40$21,716,477$20,672,377$20,367,027$22,507,823
41$23,902,078$21,655,844$21,019,842$24,054,989
42$26,309,681$22,686,571$21,693,599$25,727,866
43$28,961,902$23,766,847$22,388,968$27,540,755
44$31,883,661$24,899,068$23,106,643$29,506,682
45$35,102,421$26,085,748$23,847,342$31,639,945
46$38,648,443$27,329,525$24,611,803$33,956,247
47$42,555,075$28,633,162$25,400,789$36,472,832
48$46,859,065$29,999,559$26,215,088$39,208,642
49$51,600,907$31,431,756$27,055,511$42,184,488
50$56,825,228$32,932,940$27,922,899$45,423,236
51$62,581,202$34,506,455$28,818,117$48,950,016
52$68,923,019$36,155,805$29,742,058$52,792,445
53$75,910,395$37,884,668$30,695,645$56,980,885
54$83,609,136$39,696,897$31,679,830$61,548,711
55$92,091,759$41,596,536$32,695,595$66,532,623
56$101,438,175$43,587,824$33,743,955$71,972,975
57$111,736,448$45,675,206$34,825,956$77,914,146
58$123,083,619$47,863,345$35,942,679$84,404,948
59$135,586,629$50,157,129$37,095,239$91,499,073
60$149,363,322$52,561,685$38,284,787$99,255,584
61$164,543,564$55,082,391$39,512,511$107,739,462
62$181,270,465$57,724,885$40,779,637$117,022,202
63$199,701,727$60,495,080$42,087,430$127,182,472
64$220,011,142$63,399,177$43,437,197$138,306,841
65$242,390,222$66,443,680$44,830,286$150,490,581
66$267,050,013$69,635,409$46,268,089$163,838,543
67$294,223,086$72,981,516$47,752,042$178,466,133
68$324,165,733$76,489,502$49,283,628$194,500,382
69$357,160,384$80,167,234$50,864,376$212,081,120
70$393,518,277$84,022,963$52,495,867$231,362,282
71$433,582,393$88,065,339$54,179,729$252,513,332
72$477,730,693$92,303,437$55,917,647$275,720,846
73$526,379,691$96,746,773$57,711,356$301,190,244
74$579,988,382$101,405,328$59,562,648$329,147,705
75$639,062,576$106,289,567$61,473,375$359,842,278
76$704,159,671$111,410,468$63,445,446$393,548,202
77$775,893,921$116,779,544$65,480,832$430,567,470
78$854,942,228$122,408,869$67,581,567$471,232,644
79$942,050,536$128,311,105$69,749,751$515,909,966
80$1,038,040,875$134,499,533$71,987,551$565,002,785
81$1,143,819,115$140,988,081$74,297,205$618,955,325
82$1,260,383,525$147,791,358$76,681,022$678,256,841
83$1,388,834,193$154,924,683$79,141,385$743,446,209
84$1,530,383,413$162,404,124$81,680,753$815,116,962
85$1,686,367,130$170,246,535$84,301,667$893,922,859
86$1,858,257,551$178,469,589$87,006,746$980,584,012
87$2,047,677,045$187,091,823$89,798,697$1,075,893,634
88$2,256,413,461$196,132,679$92,680,310$1,180,725,487
89$2,486,437,001$205,612,548$95,654,468$1,296,042,075
90$2,739,918,828$215,552,815$98,724,145$1,422,903,679
91$3,019,251,556$225,975,911$101,892,412$1,562,478,316
92$3,327,071,845$236,905,360$105,162,437$1,716,052,702
93$3,666,285,287$248,365,837$108,537,493$1,885,044,347
94$4,040,093,841$260,383,218$112,020,954$2,071,014,868
95$4,452,026,063$272,984,646$115,616,306$2,275,684,669
96$4,905,970,415$286,198,587$119,327,146$2,500,949,111
97$5,406,211,978$300,054,899$123,157,186$2,748,896,341
98$5,957,472,907$314,584,896$127,110,259$3,021,826,921
99$6,564,957,011$329,821,423$131,190,320$3,322,275,473
100$7,234,398,883$345,798,929$135,401,452$3,653,034,525