Can I retire at age 40 with 19,800,000?

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 $19,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$1,635,065$1,620,501$1,606,292$1,592,422$1,578,880$1,562,391
2 years$809,438$794,363$779,753$765,588$751,848$735,243
3 years$534,265$519,125$504,552$490,519$477,003$460,797
4 years$396,706$381,612$367,185$353,392$340,203$324,521
5 years$314,192$299,188$284,950$271,439$258,617$243,505
6 years$259,200$244,310$230,282$217,072$204,634$190,111
7 years$219,936$205,171$191,366$178,467$166,423$152,494
8 years$190,501$175,869$162,293$149,711$138,064$124,729
9 years$167,619$153,126$139,783$127,521$116,270$103,524
10 years$149,325$134,973$121,866$109,924$99,067$86,903
11 years$134,366$120,159$107,289$95,667$85,201$73,608
12 years$121,910$107,848$95,216$83,913$73,834$62,799
13 years$111,378$97,463$85,069$74,082$64,384$53,896
14 years$102,358$88,591$76,435$65,762$56,439$46,482
15 years$94,548$80,930$69,011$58,648$49,693$40,253
16 years$87,721$74,251$62,569$52,513$43,919$34,979
17 years$81,704$68,383$56,935$47,183$38,942$30,486
18 years$76,361$63,189$51,974$42,521$34,625$26,637
19 years$71,586$58,563$47,580$38,421$30,862$23,324
20 years$67,294$54,419$43,666$34,798$27,567$20,461
21 years$63,416$50,689$40,165$31,581$24,669$17,978
22 years$59,895$47,317$37,018$28,715$22,112$15,819
23 years$56,685$44,254$34,179$26,151$19,849$13,936
24 years$53,746$41,463$31,610$23,851$17,841$12,290
25 years$51,047$38,911$29,277$21,782$16,054$10,848
26 years$48,560$36,570$27,153$19,917$14,461$9,584
27 years$46,261$34,417$25,214$18,230$13,038$8,473
28 years$44,130$32,431$23,440$16,703$11,764$7,495
29 years$42,149$30,595$21,813$15,317$10,623$6,634
30 years$40,304$28,894$20,318$14,057$9,598$5,875
31 years$38,582$27,314$18,942$12,910$8,678$5,205
32 years$36,970$25,845$17,673$11,865$7,850$4,613
33 years$35,459$24,475$16,501$10,911$7,104$4,089
34 years$34,040$23,197$15,418$10,039$6,432$3,627
35 years$32,705$22,002$14,415$9,241$5,826$3,217
36 years$31,447$20,883$13,485$8,511$5,278$2,854
37 years$30,260$19,834$12,621$7,842$4,784$2,533
38 years$29,138$18,850$11,819$7,228$4,337$2,248
39 years$28,076$17,924$11,073$6,664$3,933$1,996
40 years$27,070$17,053$10,379$6,147$3,567$1,772
41 years$26,115$16,233$9,732$5,671$3,236$1,574
42 years$25,208$15,460$9,129$5,234$2,937$1,398
43 years$24,346$14,730$8,567$4,832$2,665$1,241
44 years$23,525$14,041$8,041$4,461$2,419$1,103
45 years$22,743$13,389$7,550$4,120$2,196$980
46 years$21,997$12,773$7,092$3,806$1,994$870
47 years$21,285$12,189$6,662$3,516$1,811$773
48 years$20,605$11,636$6,261$3,249$1,644$687
49 years$19,954$11,112$5,885$3,003$1,493$610
50 years$19,332$10,615$5,533$2,775$1,357$542

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $19,800,000, adding $4,918 every year, while hoping to spend $59,033 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: 70/17/13 Blend
39$19,800,000$19,800,000$19,800,000$19,800,000
40$21,824,673$20,775,273$20,468,373$23,290,009
41$23,987,979$21,730,451$21,091,253$25,218,515
42$26,369,964$22,730,454$21,733,021$27,320,699
43$28,992,870$23,777,416$22,394,247$29,619,725
44$31,881,207$24,873,574$23,075,519$32,134,975
45$35,061,984$26,021,272$23,777,442$34,887,785
46$38,564,960$27,222,968$24,500,640$37,901,633
47$42,422,929$28,481,237$25,245,754$41,202,361
48$46,672,027$29,798,777$26,013,447$44,818,416
49$51,352,076$31,178,419$26,804,399$48,781,112
50$56,506,953$32,623,127$27,619,312$53,124,921
51$62,185,013$34,136,011$28,458,910$57,887,792
52$68,439,536$35,720,328$29,323,935$63,111,511
53$75,329,239$37,379,493$30,215,157$68,842,080
54$82,918,820$39,117,087$31,133,363$75,130,155
55$91,279,577$40,936,862$32,079,369$82,031,513
56$100,490,077$42,842,752$33,054,011$89,607,575
57$110,636,898$44,838,880$34,058,153$97,925,979
58$121,815,445$46,929,568$35,092,685$107,061,210
59$134,130,852$49,119,348$36,158,521$117,095,300
60$147,698,972$51,412,969$37,256,604$128,118,593
61$162,647,474$53,815,412$38,387,907$140,230,591
62$179,117,044$56,331,894$39,553,430$153,540,885
63$197,262,715$58,967,890$40,754,203$168,170,182
64$217,255,330$61,729,135$41,991,287$184,251,436
65$239,283,154$64,621,643$43,265,776$201,931,094
66$263,553,652$67,651,720$44,578,795$221,370,470
67$290,295,444$70,825,974$45,931,504$242,747,258
68$319,760,468$74,151,335$47,325,098$266,257,198
69$352,226,353$77,635,067$48,760,806$292,115,914
70$387,999,043$81,284,788$50,239,895$320,560,942
71$427,415,684$85,108,481$51,763,670$351,853,953
72$470,847,806$89,114,519$53,333,475$386,283,222
73$518,704,829$93,311,677$54,950,694$424,166,325
74$571,437,931$97,709,159$56,616,751$465,853,135
75$629,544,304$102,316,611$58,333,116$511,729,103
76$693,571,847$107,144,149$60,101,300$562,218,887
77$764,124,341$112,202,378$61,922,859$617,790,343
78$841,867,147$117,502,418$63,799,398$678,958,930
79$927,533,486$123,055,927$65,732,568$746,292,556
80$1,021,931,362$128,875,128$67,724,070$820,416,925
81$1,125,951,190$134,972,838$69,775,655$902,021,423
82$1,240,574,199$141,362,494$71,889,127$991,865,610
83$1,366,881,699$148,058,188$74,066,344$1,090,786,372
84$1,506,065,284$155,074,692$76,309,219$1,199,705,797
85$1,659,438,088$162,427,496$78,619,723$1,319,639,862
86$1,828,447,173$170,132,844$80,999,884$1,451,708,003
87$2,014,687,197$178,207,765$83,451,792$1,597,143,656
88$2,219,915,463$186,670,118$85,977,598$1,757,305,879
89$2,446,068,512$195,538,626$88,579,520$1,933,692,158
90$2,695,280,406$204,832,923$91,259,839$2,127,952,516
91$2,969,902,869$214,573,598$94,020,905$2,341,905,062
92$3,272,527,494$224,782,237$96,865,139$2,577,553,126
93$3,606,010,209$235,481,478$99,795,032$2,837,104,143
94$3,973,498,236$246,695,056$102,813,151$3,122,990,459
95$4,378,459,804$258,447,861$105,922,139$3,437,892,259
96$4,824,716,891$270,765,994$109,124,718$3,784,762,839
97$5,316,481,308$283,676,821$112,423,690$4,166,856,447
98$5,858,394,460$297,209,044$115,821,941$4,587,758,970
99$6,455,571,162$311,392,754$119,322,444$5,051,421,744
100$7,113,647,933$326,259,512$122,928,258$5,562,198,819