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

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,523,060
2 years$805,350$790,351$775,815$761,721$748,050$700,258
3 years$531,567$516,503$502,004$488,042$474,594$428,352
4 years$394,702$379,685$365,330$351,607$338,484$294,149
5 years$312,605$297,677$283,511$270,068$257,310$215,000
6 years$257,891$243,076$229,119$215,975$203,601$163,354
7 years$218,825$204,135$190,399$177,565$165,582$127,396
8 years$189,539$174,981$161,474$148,955$137,366$101,217
9 years$166,773$152,353$139,077$126,877$115,682$81,531
10 years$148,571$134,291$121,251$109,369$98,567$66,364
11 years$133,688$119,552$106,747$95,184$84,771$54,461
12 years$121,294$107,303$94,735$83,489$73,461$44,981
13 years$110,815$96,971$84,640$73,708$64,059$37,343
14 years$101,841$88,144$76,049$65,430$56,154$31,132
15 years$94,071$80,521$68,662$58,352$49,442$26,042
16 years$87,278$73,876$62,253$52,248$43,697$21,845
17 years$81,291$68,037$56,647$46,944$38,745$18,368
18 years$75,975$62,870$51,712$42,306$34,450$15,473
19 years$71,225$58,267$47,339$38,227$30,706$13,056
20 years$66,954$54,144$43,446$34,622$27,427$11,031
21 years$63,095$50,433$39,962$31,422$24,544$9,330
22 years$59,592$47,078$36,831$28,570$22,001$7,900
23 years$56,398$44,031$34,007$26,019$19,749$6,694
24 years$53,475$41,254$31,451$23,731$17,751$5,675
25 years$50,790$38,715$29,130$21,672$15,973$4,815
26 years$48,315$36,386$27,016$19,816$14,388$4,087
27 years$46,027$34,243$25,087$18,138$12,972$3,470
28 years$43,907$32,267$23,322$16,618$11,705$2,948
29 years$41,936$30,440$21,703$15,239$10,569$2,504
30 years$40,101$28,748$20,215$13,986$9,550$2,128
31 years$38,387$27,176$18,846$12,845$8,634$1,809
32 years$36,783$25,714$17,584$11,805$7,810$1,538
33 years$35,280$24,352$16,418$10,856$7,068$1,308
34 years$33,868$23,080$15,340$9,988$6,399$1,112
35 years$32,540$21,891$14,342$9,195$5,796$946
36 years$31,288$20,778$13,416$8,468$5,252$805
37 years$30,107$19,734$12,558$7,802$4,760$685
38 years$28,991$18,754$11,760$7,191$4,315$582
39 years$27,934$17,834$11,017$6,631$3,913$496
40 years$26,933$16,967$10,327$6,116$3,549$422
41 years$25,983$16,151$9,683$5,643$3,220$359
42 years$25,081$15,382$9,083$5,208$2,922$305
43 years$24,223$14,656$8,523$4,807$2,652$260
44 years$23,406$13,970$8,001$4,439$2,407$221
45 years$22,628$13,322$7,512$4,099$2,185$188
46 years$21,886$12,708$7,056$3,787$1,984$160
47 years$21,178$12,128$6,629$3,498$1,802$136
48 years$20,501$11,577$6,229$3,233$1,636$116
49 years$19,854$11,056$5,855$2,987$1,486$99
50 years$19,234$10,561$5,505$2,761$1,350$84

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 $5,653 every year, while hoping to spend $53,702 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: 44/29/27 Blend
39$19,700,000$19,700,000$19,700,000$19,700,000
40$21,715,231$20,671,131$20,365,781$22,500,218
41$23,873,046$21,626,878$20,990,896$24,015,973
42$26,249,158$22,627,657$21,635,153$25,652,448
43$28,865,778$23,675,617$22,299,136$27,425,402
44$31,747,377$24,773,012$22,983,447$29,347,555
45$34,920,924$25,922,204$23,688,707$31,432,874
46$38,416,135$27,125,669$24,415,555$33,696,701
47$42,265,757$28,386,003$25,164,652$36,155,886
48$46,505,871$29,705,924$25,936,675$38,828,943
49$51,176,241$31,088,285$26,732,325$41,736,214
50$56,320,682$32,536,076$27,552,322$44,900,056
51$61,987,476$34,052,428$28,397,410$48,345,041
52$68,229,830$35,640,628$29,268,354$52,098,179
53$75,106,371$37,304,118$30,165,942$56,189,167
54$82,681,709$39,046,507$31,090,989$60,650,656
55$91,027,037$40,871,580$32,044,331$65,518,553
56$100,220,810$42,783,303$33,026,832$70,832,347
57$110,349,483$44,785,834$34,039,380$76,635,469
58$121,508,323$46,883,533$35,082,893$82,975,697
59$133,802,316$49,080,970$36,158,313$89,905,589
60$147,347,150$51,382,936$37,266,615$97,482,970
61$162,270,313$53,794,454$38,408,801$105,771,463
62$178,712,292$56,320,789$39,585,902$114,841,079
63$196,827,901$58,967,462$40,798,985$124,768,859
64$216,787,741$61,740,262$42,049,145$135,639,593
65$238,779,811$64,645,256$43,337,512$147,546,599
66$263,011,284$67,688,805$44,665,251$160,592,591
67$289,710,459$70,877,581$46,033,560$174,890,631
68$319,128,918$74,218,575$47,443,677$190,565,178
69$351,543,902$77,719,119$48,896,875$207,753,247
70$387,260,925$81,386,901$50,394,465$226,605,680
71$426,616,661$85,229,980$51,937,801$247,288,554
72$469,982,117$89,256,806$53,528,274$269,984,722
73$517,766,143$93,476,240$55,167,321$294,895,522
74$570,419,283$97,897,569$56,856,420$322,242,655
75$628,438,036$102,530,535$58,597,096$352,270,251
76$692,369,534$107,385,351$60,390,917$385,247,148
77$762,816,716$112,472,722$62,239,503$421,469,408
78$840,444,014$117,803,878$64,144,518$461,263,083
79$925,983,625$123,390,591$66,107,682$504,987,261
80$1,020,242,429$129,245,203$68,130,763$553,037,430
81$1,124,109,597$135,380,658$70,215,584$605,849,180
82$1,238,564,993$141,810,528$72,364,023$663,902,278
83$1,364,688,420$148,549,042$74,578,016$727,725,170
84$1,503,669,816$155,611,121$76,859,556$797,899,928
85$1,656,820,484$163,012,413$79,210,698$875,067,710
86$1,825,585,475$170,769,323$81,633,558$959,934,776
87$2,011,557,228$178,899,055$84,130,317$1,053,279,108
88$2,216,490,604$187,419,647$86,703,222$1,155,957,720
89$2,442,319,452$196,350,017$89,354,586$1,268,914,696
90$2,691,174,868$205,709,999$92,086,796$1,393,190,063
91$2,965,405,308$215,520,393$94,902,308$1,529,929,555
92$3,267,598,768$225,803,011$97,803,654$1,680,395,379
93$3,600,607,208$236,580,723$100,793,442$1,845,978,081
94$3,967,573,479$247,877,515$103,874,358$2,028,209,613
95$4,371,960,997$259,718,536$107,049,172$2,228,777,740
96$4,817,586,434$272,130,160$110,320,735$2,449,541,910
97$5,308,655,757$285,140,044$113,691,986$2,692,550,746
98$5,849,803,929$298,777,192$117,165,953$2,960,061,318
99$6,446,138,672$313,072,015$120,745,753$3,254,560,380
100$7,103,288,682$328,056,410$124,434,602$3,578,787,775