Can I retire at age 40 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,270,933
2 years$662,268$649,934$637,980$626,390$615,148$594,172
3 years$437,126$424,739$412,815$401,334$390,275$369,853
4 years$324,577$312,228$300,424$289,139$278,348$258,637
5 years$257,066$244,791$233,141$222,086$211,595$192,653
6 years$212,073$199,890$188,413$177,604$167,428$149,276
7 years$179,948$167,867$156,572$146,018$136,164$118,807
8 years$155,865$143,893$132,785$122,491$112,961$96,397
9 years$137,143$125,285$114,368$104,335$95,130$79,349
10 years$122,175$110,433$99,709$89,938$81,055$66,045
11 years$109,936$98,312$87,782$78,273$69,710$55,455
12 years$99,744$88,239$77,904$68,656$60,409$46,891
13 years$91,127$79,742$69,602$60,613$52,678$39,877
14 years$83,748$72,484$62,538$53,805$46,177$34,072
15 years$77,358$66,215$56,463$47,985$40,658$29,226
16 years$71,772$60,751$51,192$42,965$35,934$25,152
17 years$66,849$55,950$46,583$38,604$31,861$21,705
18 years$62,477$51,700$42,524$34,790$28,330$18,775
19 years$58,570$47,915$38,929$31,436$25,251$16,272
20 years$55,059$44,525$35,727$28,471$22,555$14,128
21 years$51,886$41,473$32,862$25,839$20,184$12,284
22 years$49,005$38,714$30,287$23,494$18,092$10,694
23 years$46,378$36,208$27,965$21,396$16,240$9,320
24 years$43,974$33,925$25,863$19,515$14,597$8,130
25 years$41,766$31,837$23,954$17,822$13,135$7,098
26 years$39,731$29,921$22,216$16,295$11,832$6,202
27 years$37,850$28,159$20,630$14,916$10,667$5,422
28 years$36,106$26,534$19,178$13,666$9,625$4,742
29 years$34,486$25,032$17,847$12,532$8,691$4,150
30 years$32,976$23,640$16,624$11,501$7,853$3,633
31 years$31,567$22,348$15,498$10,563$7,100$3,182
32 years$30,248$21,146$14,460$9,708$6,423$2,787
33 years$29,012$20,025$13,501$8,927$5,812$2,442
34 years$27,851$18,979$12,615$8,214$5,262$2,141
35 years$26,759$18,002$11,794$7,561$4,766$1,877
36 years$25,729$17,086$11,033$6,964$4,319$1,646
37 years$24,758$16,228$10,327$6,416$3,914$1,443
38 years$23,840$15,422$9,670$5,914$3,549$1,266
39 years$22,971$14,665$9,060$5,453$3,218$1,110
40 years$22,148$13,953$8,492$5,029$2,919$974
41 years$21,367$13,282$7,963$4,640$2,648$855
42 years$20,625$12,649$7,469$4,282$2,403$750
43 years$19,919$12,052$7,009$3,953$2,181$658
44 years$19,248$11,488$6,579$3,650$1,979$577
45 years$18,608$10,955$6,178$3,371$1,797$507
46 years$17,998$10,451$5,802$3,114$1,631$445
47 years$17,415$9,973$5,451$2,877$1,481$390
48 years$16,858$9,521$5,122$2,658$1,345$343
49 years$16,326$9,092$4,815$2,457$1,222$301
50 years$15,817$8,685$4,527$2,271$1,110$264

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $16,200,000, adding $6,992 every year, while hoping to spend $25,118 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: 53/19/28 Blend
39$16,200,000$16,200,000$16,200,000$16,200,000
40$17,859,612$17,001,012$16,749,912$18,666,122
41$19,654,567$17,807,336$17,284,309$20,032,304
42$21,631,766$18,652,329$17,835,766$21,515,164
43$23,809,771$19,537,857$18,404,829$23,128,483
44$26,209,036$20,465,881$18,992,059$24,884,760
45$28,852,102$21,438,454$19,598,038$26,797,738
46$31,763,808$22,457,730$20,223,364$28,882,528
47$34,971,526$23,525,967$20,868,655$31,155,743
48$38,505,416$24,645,534$21,534,550$33,635,658
49$42,398,717$25,818,914$22,221,706$36,342,371
50$46,688,056$27,048,711$22,930,803$39,297,990
51$51,413,794$28,337,655$23,662,542$42,526,836
52$56,620,410$29,688,608$24,417,646$46,055,666
53$62,356,917$31,104,575$25,196,862$49,913,922
54$68,677,326$32,588,703$26,000,960$54,134,001
55$75,641,156$34,144,293$26,830,735$58,751,552
56$83,313,998$35,774,807$27,687,009$63,805,813
57$91,768,130$37,483,876$28,570,627$69,339,967
58$101,083,199$39,275,306$29,482,464$75,401,544
59$111,346,980$41,153,090$30,423,421$82,042,867
60$122,656,195$43,121,415$31,394,428$89,321,531
61$135,117,432$45,184,670$32,396,447$97,300,943
62$148,848,151$47,347,459$33,430,468$106,050,911
63$163,977,788$49,614,610$34,497,514$115,648,292
64$180,648,982$51,991,186$35,598,641$126,177,710
65$199,018,920$54,482,496$36,734,937$137,732,345
66$219,260,819$57,094,108$37,907,528$150,414,803
67$241,565,565$59,831,861$39,117,572$164,338,069
68$266,143,509$62,701,878$40,366,266$179,626,571
69$293,226,458$65,710,581$41,654,848$196,417,334
70$323,069,862$68,864,705$42,984,590$214,861,268
71$355,955,224$72,171,311$44,356,810$235,124,575
72$392,192,758$75,637,807$45,772,864$257,390,310
73$432,124,318$79,271,959$47,234,155$281,860,088
74$476,126,627$83,081,913$48,742,127$308,755,981
75$524,614,828$87,076,212$50,298,274$338,322,592
76$578,046,410$91,263,816$51,904,135$370,829,353
77$636,925,520$95,654,119$53,561,300$406,573,049
78$701,807,728$100,256,976$55,271,408$445,880,605
79$773,305,270$105,082,721$57,036,154$489,112,153
80$852,092,825$110,142,192$58,857,282$536,664,413
81$938,913,888$115,446,755$60,736,597$588,974,417
82$1,034,587,790$121,008,331$62,675,958$646,523,618
83$1,140,017,427$126,839,421$64,677,285$709,842,408
84$1,256,197,790$132,953,138$66,742,559$779,515,111
85$1,384,225,355$139,363,233$68,873,826$856,185,465
86$1,525,308,437$146,084,127$71,073,194$940,562,684
87$1,680,778,594$153,130,946$73,342,843$1,033,428,124
88$1,852,103,201$160,519,553$75,685,019$1,135,642,631
89$2,040,899,302$168,266,585$78,102,041$1,248,154,643
90$2,248,948,874$176,389,491$80,596,303$1,372,009,114
91$2,478,215,655$184,906,572$83,170,275$1,508,357,346
92$2,730,863,679$193,837,021$85,826,506$1,658,467,827
93$3,009,277,706$203,200,967$88,567,626$1,823,738,175
94$3,316,085,742$213,019,524$91,396,351$2,005,708,296
95$3,654,183,841$223,314,834$94,315,482$2,206,074,885
96$4,026,763,452$234,110,120$97,327,911$2,426,707,405
97$4,437,341,549$245,429,741$100,436,621$2,669,665,698
98$4,889,793,831$257,299,243$103,644,691$2,937,219,387
99$5,388,391,315$269,745,418$106,955,301$3,231,869,264
100$5,937,840,654$282,796,369$110,371,729$3,556,370,846