Can I retire at age 40 with 16,300,000?

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 $16,300,000?

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$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,260,197
2 years$666,356$653,946$641,918$630,257$618,945$579,401
3 years$439,824$427,361$415,363$403,811$392,684$354,423
4 years$326,581$314,155$302,278$290,923$280,066$243,382
5 years$258,653$246,302$234,580$223,457$212,901$177,894
6 years$213,382$201,124$189,576$178,700$168,462$135,161
7 years$181,058$168,903$157,538$146,919$137,004$105,409
8 years$156,827$144,781$133,605$123,247$113,658$83,748
9 years$137,990$126,058$115,074$104,979$95,717$67,459
10 years$122,929$111,114$100,324$90,493$81,556$54,911
11 years$110,615$98,918$88,324$78,756$70,140$45,061
12 years$100,360$88,784$78,385$69,080$60,782$37,218
13 years$91,690$80,235$70,032$60,987$53,003$30,898
14 years$84,265$72,931$62,924$54,137$46,462$25,759
15 years$77,835$66,624$56,812$48,281$40,909$21,547
16 years$72,215$61,126$51,508$43,230$36,156$18,075
17 years$67,261$56,295$46,870$38,842$32,058$15,198
18 years$62,863$52,019$42,787$35,005$28,505$12,803
19 years$58,932$48,211$39,169$31,630$25,407$10,803
20 years$55,399$44,800$35,948$28,647$22,694$9,127
21 years$52,206$41,729$33,065$25,999$20,308$7,720
22 years$49,307$38,953$30,474$23,639$18,204$6,536
23 years$46,665$36,432$28,138$21,528$16,341$5,538
24 years$44,246$34,134$26,023$19,635$14,687$4,696
25 years$42,024$32,033$24,102$17,932$13,216$3,984
26 years$39,976$30,106$22,353$16,396$11,905$3,381
27 years$38,084$28,333$20,757$15,008$10,733$2,871
28 years$36,329$26,698$19,296$13,750$9,685$2,439
29 years$34,699$25,187$17,957$12,609$8,745$2,072
30 years$33,180$23,786$16,726$11,572$7,902$1,761
31 years$31,762$22,486$15,593$10,628$7,144$1,497
32 years$30,435$21,276$14,549$9,768$6,462$1,273
33 years$29,191$20,149$13,584$8,982$5,848$1,082
34 years$28,023$19,097$12,692$8,264$5,295$920
35 years$26,924$18,113$11,867$7,608$4,796$783
36 years$25,888$17,192$11,101$7,007$4,345$666
37 years$24,911$16,328$10,390$6,456$3,938$566
38 years$23,987$15,518$9,730$5,950$3,570$482
39 years$23,113$14,756$9,116$5,486$3,238$410
40 years$22,285$14,039$8,544$5,060$2,937$349
41 years$21,499$13,364$8,012$4,669$2,664$297
42 years$20,752$12,727$7,515$4,309$2,418$253
43 years$20,042$12,126$7,052$3,978$2,194$215
44 years$19,367$11,559$6,620$3,673$1,992$183
45 years$18,723$11,023$6,216$3,392$1,808$156
46 years$18,109$10,515$5,838$3,133$1,642$132
47 years$17,523$10,035$5,485$2,895$1,491$113
48 years$16,963$9,579$5,154$2,675$1,354$96
49 years$16,427$9,148$4,845$2,472$1,229$82
50 years$15,914$8,738$4,555$2,285$1,117$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $16,300,000, adding $4,109 every year, while hoping to spend $20,529 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: 46/28/26 Blend
39$16,300,000$16,300,000$16,300,000$16,300,000
40$17,966,838$17,102,938$16,850,288$18,658,772
41$19,777,613$17,919,140$17,392,930$19,964,047
42$21,772,399$18,774,647$17,953,063$21,377,084
43$23,969,943$19,671,364$18,531,250$22,909,861
44$26,390,905$20,611,288$19,128,074$24,573,593
45$29,058,050$21,596,514$19,744,137$26,380,597
46$31,996,464$22,629,236$20,380,059$28,344,401
47$35,233,793$23,711,759$21,036,481$30,479,870
48$38,800,502$24,846,496$21,714,064$32,803,331
49$42,730,159$26,035,981$22,413,492$35,332,731
50$47,059,760$27,282,869$23,135,468$38,087,792
51$51,830,070$28,589,944$23,880,721$41,090,192
52$57,086,014$29,960,128$24,650,002$44,363,764
53$62,877,096$31,396,483$25,444,086$47,934,711
54$69,257,871$32,902,221$26,263,774$51,831,846
55$76,288,455$34,480,711$27,109,891$56,086,855
56$84,035,096$36,135,485$27,983,291$60,734,588
57$92,570,799$37,870,247$28,884,855$65,813,376
58$101,976,013$39,688,882$29,815,490$71,365,386
59$112,339,394$41,595,465$30,776,137$77,437,008
60$123,758,637$43,594,267$31,767,762$84,079,282
61$136,341,402$45,689,771$32,791,367$91,348,368
62$150,206,331$47,886,675$33,847,983$99,306,064
63$165,484,162$50,189,907$34,938,676$108,020,379
64$182,318,971$52,604,637$36,064,546$117,566,162
65$200,869,526$55,136,285$37,226,728$128,025,792
66$221,310,789$57,790,534$38,426,395$139,489,947
67$243,835,568$60,573,348$39,664,757$152,058,439
68$268,656,332$63,490,979$40,943,063$165,841,148
69$296,007,225$66,549,984$42,262,603$180,959,038
70$326,146,270$69,757,241$43,624,708$197,545,282
71$359,357,805$73,119,962$45,030,752$215,746,508
72$395,955,173$76,645,711$46,482,153$235,724,156
73$436,283,672$80,342,423$47,980,377$257,655,990
74$480,723,823$84,218,418$49,526,936$281,737,752
75$529,694,954$88,282,421$51,123,389$308,184,993
76$583,659,165$92,543,586$52,771,349$337,235,080
77$643,125,689$97,011,510$54,472,478$369,149,421
78$708,655,697$101,696,262$56,228,493$404,215,902
79$780,867,597$106,608,398$58,041,168$442,751,586
80$860,442,876$111,758,994$59,912,331$485,105,674
81$948,132,527$117,159,662$61,843,871$531,662,781
82$1,044,764,144$122,822,584$63,837,740$582,846,531
83$1,151,249,731$128,760,536$65,895,949$639,123,531
84$1,268,594,317$134,986,916$68,020,577$701,007,746
85$1,397,905,441$141,515,777$70,213,769$769,065,311
86$1,540,403,605$148,361,860$72,477,739$843,919,850
87$1,697,433,804$155,540,623$74,814,775$926,258,323
88$1,870,478,218$163,068,279$77,227,236$1,016,837,471
89$2,061,170,207$170,961,835$79,717,559$1,116,490,929
90$2,271,309,729$179,239,126$82,288,259$1,226,137,046
91$2,502,880,338$187,918,860$84,941,932$1,346,787,517
92$2,758,067,905$197,020,656$87,681,259$1,479,556,888
93$3,039,281,258$206,565,095$90,509,007$1,625,673,029
94$3,349,174,921$216,573,759$93,428,034$1,786,488,681
95$3,690,674,177$227,069,288$96,441,287$1,963,494,169
96$4,067,002,685$238,075,425$99,551,812$2,158,331,422
97$4,481,712,913$249,617,075$102,762,752$2,372,809,419
98$4,938,719,676$261,720,358$106,077,351$2,608,921,200
99$5,442,337,099$274,412,671$109,498,958$2,868,862,630
100$5,997,319,341$287,722,750$113,031,031$3,155,053,057