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

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 $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%15.2%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,560,714
2 years$817,615$802,387$787,630$773,321$759,442$725,239
3 years$539,662$524,369$509,648$495,474$481,821$448,597
4 years$400,713$385,467$370,894$356,961$343,639$311,649
5 years$317,365$302,211$287,829$274,180$261,229$230,563
6 years$261,818$246,778$232,608$219,264$206,701$177,393
7 years$222,157$207,243$193,299$180,269$168,104$140,159
8 years$192,425$177,646$163,933$151,223$139,458$112,867
9 years$169,313$154,673$141,195$128,809$117,444$92,188
10 years$150,833$136,336$123,097$111,034$100,068$76,121
11 years$135,724$121,372$108,373$96,633$86,062$63,393
12 years$123,141$108,937$96,178$84,760$74,579$53,155
13 years$112,503$98,447$85,929$74,831$65,035$44,816
14 years$103,392$89,486$77,207$66,426$57,009$37,957
15 years$95,503$81,747$69,708$59,241$50,195$32,267
16 years$88,608$75,001$63,201$53,044$44,363$27,516
17 years$82,529$69,073$57,510$47,659$39,335$23,525
18 years$77,132$63,827$52,499$42,951$34,975$20,158
19 years$72,309$59,154$48,060$38,809$31,174$17,304
20 years$67,974$54,969$44,107$35,149$27,845$14,878
21 years$64,056$51,201$40,570$31,900$24,918$12,809
22 years$60,500$47,795$37,392$29,005$22,336$11,040
23 years$57,257$44,701$34,525$26,415$20,050$9,525
24 years$54,289$41,882$31,930$24,092$18,021$8,224
25 years$51,563$39,304$29,573$22,002$16,216$7,107
26 years$49,051$36,940$27,428$20,118$14,607$6,145
27 years$46,728$34,765$25,469$18,414$13,170$5,316
28 years$44,576$32,759$23,677$16,871$11,883$4,601
29 years$42,575$30,904$22,033$15,471$10,730$3,984
30 years$40,711$29,186$20,523$14,199$9,695$3,450
31 years$38,971$27,590$19,133$13,041$8,766$2,989
32 years$37,343$26,106$17,851$11,985$7,929$2,591
33 years$35,817$24,723$16,668$11,021$7,176$2,246
34 years$34,384$23,431$15,574$10,140$6,497$1,947
35 years$33,035$22,224$14,560$9,335$5,884$1,688
36 years$31,765$21,094$13,621$8,597$5,332$1,464
37 years$30,565$20,035$12,749$7,921$4,832$1,270
38 years$29,432$19,040$11,939$7,301$4,381$1,102
39 years$28,360$18,105$11,185$6,732$3,973$956
40 years$27,343$17,226$10,484$6,209$3,603$829
41 years$26,379$16,397$9,831$5,729$3,269$719
42 years$25,463$15,616$9,221$5,287$2,966$624
43 years$24,592$14,879$8,653$4,880$2,692$542
44 years$23,763$14,183$8,122$4,506$2,444$470
45 years$22,973$13,525$7,627$4,162$2,218$408
46 years$22,219$12,902$7,163$3,844$2,014$354
47 years$21,500$12,312$6,730$3,552$1,829$307
48 years$20,813$11,754$6,324$3,282$1,661$267
49 years$20,156$11,224$5,944$3,033$1,509$231
50 years$19,527$10,722$5,588$2,803$1,370$201

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 $2,807 every year, while hoping to spend $33,850 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: 89/6/5 Blend
39$20,000,000$20,000,000$20,000,000$20,000,000
40$22,042,895$20,982,895$20,672,895$24,007,890
41$24,255,255$21,975,041$21,329,421$26,277,811
42$26,692,140$23,014,668$22,006,806$28,768,406
43$29,376,417$24,104,065$22,705,713$31,505,886
44$32,333,284$25,245,637$23,426,827$34,515,151
45$35,590,506$26,441,900$24,170,852$37,823,628
46$39,178,680$27,695,495$24,938,518$41,461,530
47$43,131,523$29,009,192$25,730,576$45,462,140
48$47,486,189$30,385,894$26,547,802$49,862,119
49$52,283,622$31,828,644$27,390,995$54,701,859
50$57,568,939$33,340,635$28,260,981$60,025,852
51$63,391,859$34,925,214$29,158,611$65,883,117
52$69,807,169$36,585,890$30,084,766$72,327,654
53$76,875,246$38,326,344$31,040,350$79,418,958
54$84,662,620$40,150,434$32,026,301$87,222,573
55$93,242,608$42,062,206$33,043,583$95,810,711
56$102,696,003$44,065,904$34,093,193$105,262,931
57$113,111,839$46,165,976$35,176,158$115,666,887
58$124,588,226$48,367,089$36,293,539$127,119,155
59$137,233,283$50,674,134$37,446,430$139,726,138
60$151,166,153$53,092,242$38,635,961$153,605,072
61$166,518,130$55,626,791$39,863,295$168,885,126
62$183,433,900$58,283,424$41,129,636$185,708,623
63$202,072,902$61,068,056$42,436,223$204,232,373
64$222,610,837$63,986,890$43,784,336$224,629,159
65$245,241,327$67,046,432$45,175,295$247,089,357
66$270,177,738$70,253,504$46,610,464$271,822,734
67$297,655,201$73,615,258$48,091,247$299,060,422
68$327,932,823$77,139,198$49,619,096$329,057,099
69$361,296,141$80,833,189$51,195,506$362,093,386
70$398,059,815$84,705,482$52,822,023$398,478,492
71$438,570,594$88,764,729$54,500,239$438,553,131
72$483,210,597$93,020,003$56,231,798$482,692,732
73$532,400,912$97,480,817$58,018,398$531,310,979
74$586,605,578$102,157,151$59,861,788$584,863,709
75$646,335,964$107,059,468$61,763,774$643,853,215
76$712,155,592$112,198,742$63,726,221$708,832,976
77$784,685,463$117,586,481$65,751,050$780,412,881
78$864,609,917$123,234,754$67,840,246$859,264,978
79$952,683,090$129,156,219$69,995,856$946,129,814
80$1,049,736,040$135,364,149$72,219,992$1,041,823,417
81$1,156,684,588$141,872,464$74,514,834$1,147,244,997
82$1,274,537,966$148,695,764$76,882,631$1,263,385,421
83$1,404,408,342$155,849,360$79,325,702$1,391,336,567
84$1,547,521,322$163,349,309$81,846,443$1,532,301,620
85$1,705,227,522$171,212,449$84,447,323$1,687,606,424
86$1,879,015,313$179,456,443$87,130,892$1,858,711,988
87$2,070,524,878$188,099,812$89,899,780$2,047,228,272
88$2,281,563,694$197,161,981$92,756,701$2,254,929,377
89$2,514,123,595$206,663,323$95,704,456$2,483,770,281
90$2,770,399,579$216,625,203$98,745,932$2,735,905,290
91$3,052,810,528$227,070,030$101,884,113$3,013,708,358
92$3,364,022,045$238,021,304$105,122,073$3,319,795,494
93$3,706,971,619$249,503,674$108,462,988$3,657,049,446
94$4,084,896,358$261,542,988$111,910,132$4,028,646,900
95$4,501,363,550$274,166,358$115,466,885$4,438,088,463
96$4,960,304,340$287,402,217$119,136,734$4,889,231,693
97$5,466,050,845$301,280,388$122,923,277$5,386,327,507
98$6,023,377,050$315,832,146$126,830,225$5,934,060,297
99$6,637,543,882$331,090,294$130,861,411$6,537,592,136
100$7,314,348,876$347,089,236$135,020,786$7,202,611,500