Can I retire at age 40 with 20,000,000?

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 $20,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,581,465
2 years$817,615$802,387$787,630$773,321$759,442$745,974
3 years$539,662$524,369$509,648$495,474$481,821$468,666
4 years$400,713$385,467$370,894$356,961$343,639$330,897
5 years$317,365$302,211$287,829$274,180$261,229$248,938
6 years$261,818$246,778$232,608$219,264$206,701$194,877
7 years$222,157$207,243$193,299$180,269$168,104$156,751
8 years$192,425$177,646$163,933$151,223$139,458$128,578
9 years$169,313$154,673$141,195$128,809$117,444$107,032
10 years$150,833$136,336$123,097$111,034$100,068$90,118
11 years$135,724$121,372$108,373$96,633$86,062$76,567
12 years$123,141$108,937$96,178$84,760$74,579$65,531
13 years$112,503$98,447$85,929$74,831$65,035$56,422
14 years$103,392$89,486$77,207$66,426$57,009$48,822
15 years$95,503$81,747$69,708$59,241$50,195$42,422
16 years$88,608$75,001$63,201$53,044$44,363$36,991
17 years$82,529$69,073$57,510$47,659$39,335$32,352
18 years$77,132$63,827$52,499$42,951$34,975$28,367
19 years$72,309$59,154$48,060$38,809$31,174$24,929
20 years$67,974$54,969$44,107$35,149$27,845$21,949
21 years$64,056$51,201$40,570$31,900$24,918$19,357
22 years$60,500$47,795$37,392$29,005$22,336$17,096
23 years$57,257$44,701$34,525$26,415$20,050$15,119
24 years$54,289$41,882$31,930$24,092$18,021$13,385
25 years$51,563$39,304$29,573$22,002$16,216$11,861
26 years$49,051$36,940$27,428$20,118$14,607$10,520
27 years$46,728$34,765$25,469$18,414$13,170$9,337
28 years$44,576$32,759$23,677$16,871$11,883$8,293
29 years$42,575$30,904$22,033$15,471$10,730$7,370
30 years$40,711$29,186$20,523$14,199$9,695$6,553
31 years$38,971$27,590$19,133$13,041$8,766$5,829
32 years$37,343$26,106$17,851$11,985$7,929$5,188
33 years$35,817$24,723$16,668$11,021$7,176$4,618
34 years$34,384$23,431$15,574$10,140$6,497$4,113
35 years$33,035$22,224$14,560$9,335$5,884$3,664
36 years$31,765$21,094$13,621$8,597$5,332$3,264
37 years$30,565$20,035$12,749$7,921$4,832$2,909
38 years$29,432$19,040$11,939$7,301$4,381$2,593
39 years$28,360$18,105$11,185$6,732$3,973$2,312
40 years$27,343$17,226$10,484$6,209$3,603$2,062
41 years$26,379$16,397$9,831$5,729$3,269$1,839
42 years$25,463$15,616$9,221$5,287$2,966$1,640
43 years$24,592$14,879$8,653$4,880$2,692$1,463
44 years$23,763$14,183$8,122$4,506$2,444$1,305
45 years$22,973$13,525$7,627$4,162$2,218$1,164
46 years$22,219$12,902$7,163$3,844$2,014$1,039
47 years$21,500$12,312$6,730$3,552$1,829$927
48 years$20,813$11,754$6,324$3,282$1,661$827
49 years$20,156$11,224$5,944$3,033$1,509$738
50 years$19,527$10,722$5,588$2,803$1,370$659

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $20,000,000, adding $4,860 every year, while hoping to spend $44,704 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: 44/33/23 Blend
39$20,000,000$20,000,000$20,000,000$20,000,000
40$22,045,013$20,985,013$20,675,013$22,867,777
41$24,246,040$21,965,714$21,320,061$24,431,446
42$26,670,073$22,992,971$21,985,220$26,120,632
43$29,339,812$24,069,018$22,671,117$27,950,777
44$32,280,270$25,196,197$23,378,397$29,934,976
45$35,519,010$26,376,964$24,107,726$32,087,601
46$39,086,406$27,613,892$24,859,791$34,424,433
47$43,015,927$28,909,680$25,635,302$36,962,805
48$47,344,454$30,267,157$26,434,987$39,721,752
49$52,112,629$31,689,288$27,259,600$42,722,187
50$57,365,238$33,179,184$28,109,917$45,987,086
51$63,151,632$34,740,104$28,986,739$49,541,697
52$69,526,195$36,375,466$29,890,892$53,413,771
53$76,548,857$38,088,853$30,823,226$57,633,808
54$84,285,656$39,884,023$31,784,620$62,235,338
55$92,809,366$41,764,913$32,775,978$67,255,227
56$102,200,181$43,735,654$33,798,233$72,734,012
57$112,546,474$45,800,576$34,852,349$78,716,269
58$123,945,628$47,964,217$35,939,316$85,251,025
59$136,504,958$50,231,339$37,060,158$92,392,207
60$150,342,720$52,606,932$38,215,930$100,199,133
61$165,589,233$55,096,227$39,407,719$108,737,061
62$182,388,105$57,704,712$40,636,648$118,077,791
63$200,897,588$60,438,139$41,903,872$128,300,323
64$221,292,073$63,302,539$43,210,583$139,491,586
65$243,763,739$66,304,238$44,558,012$151,747,246
66$268,524,360$69,449,866$45,947,425$165,172,586
67$295,807,312$72,746,376$47,380,131$179,883,481
68$325,869,769$76,201,059$48,857,476$196,007,476
69$358,995,135$79,821,561$50,380,851$213,684,964
70$395,495,717$83,615,896$51,951,689$233,070,493
71$435,715,677$87,592,471$53,571,466$254,334,200
72$480,034,273$91,760,099$55,241,707$277,663,395
73$528,869,447$96,128,022$56,963,983$303,264,301
74$582,681,766$100,705,931$58,739,912$331,363,979
75$641,978,773$105,503,989$60,571,166$362,212,440
76$707,319,774$110,532,850$62,459,466$396,084,979
77$779,321,120$115,803,689$64,406,587$433,284,744
78$858,662,028$121,328,224$66,414,362$474,145,564
79$946,090,988$127,118,740$68,484,676$519,035,070
80$1,042,432,834$133,188,123$70,619,477$568,358,130
81$1,148,596,525$139,549,883$72,820,772$622,560,635
82$1,265,583,733$146,218,189$75,090,630$682,133,672
83$1,394,498,292$153,207,899$77,431,184$747,618,120
84$1,536,556,624$160,534,592$79,844,635$819,609,714
85$1,693,099,220$168,214,608$82,333,252$898,764,627
86$1,865,603,297$176,265,080$84,899,372$985,805,618
87$2,055,696,740$184,703,976$87,545,407$1,081,528,812
88$2,265,173,474$193,550,138$90,273,846$1,186,811,159
89$2,496,010,399$202,823,325$93,087,250$1,302,618,669
90$2,750,386,051$212,544,259$95,988,264$1,430,015,473
91$3,030,701,171$222,734,670$98,979,613$1,570,173,812
92$3,339,601,369$233,417,348$102,064,109$1,724,385,048
93$3,680,002,100$244,616,190$105,244,649$1,894,071,790
94$4,055,116,191$256,356,259$108,524,220$2,080,801,257
95$4,468,484,165$268,663,839$111,905,905$2,286,300,011
96$4,924,007,676$281,566,493$115,392,878$2,512,470,184
97$5,425,986,335$295,093,127$118,988,417$2,761,407,356
98$5,979,158,310$309,274,059$122,695,897$3,035,420,267
99$6,588,745,048$324,141,079$126,518,800$3,337,052,528
100$7,260,500,581$339,727,529$130,460,718$3,669,106,548