Can I retire at age 40 with 16,400,000?

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,285,037
2 years$670,444$657,958$645,856$634,123$622,742$599,924
3 years$442,523$429,982$417,912$406,289$395,093$372,889
4 years$328,585$316,083$304,133$292,708$281,784$260,365
5 years$260,239$247,813$236,019$224,828$214,208$193,636
6 years$214,691$202,358$190,739$179,797$169,495$149,793
7 years$182,169$169,940$158,505$147,821$137,845$119,019
8 years$157,789$145,670$134,425$124,003$114,356$96,401
9 years$138,836$126,832$115,780$105,623$96,304$79,211
10 years$123,683$111,796$100,940$91,048$82,056$65,810
11 years$111,293$99,525$88,866$79,239$70,571$55,153
12 years$100,976$89,329$78,866$69,503$61,155$46,546
13 years$92,252$80,727$70,462$61,361$53,328$39,505
14 years$84,782$73,379$63,310$54,470$46,747$33,686
15 years$78,313$67,033$57,160$48,577$41,160$28,836
16 years$72,658$61,501$51,824$43,496$36,377$24,764
17 years$67,674$56,640$47,158$39,081$32,255$21,325
18 years$63,249$52,338$43,049$35,219$28,679$18,406
19 years$59,294$48,506$39,409$31,824$25,563$15,917
20 years$55,738$45,075$36,168$28,823$22,833$13,789
21 years$52,526$41,985$33,268$26,158$20,433$11,962
22 years$49,610$39,192$30,661$23,784$18,315$10,390
23 years$46,951$36,655$28,310$21,660$16,441$9,034
24 years$44,517$34,343$26,182$19,756$14,777$7,862
25 years$42,282$32,230$24,250$18,042$13,297$6,848
26 years$40,222$30,291$22,491$16,497$11,978$5,968
27 years$38,317$28,507$20,885$15,100$10,799$5,205
28 years$36,552$26,862$19,415$13,835$9,744$4,542
29 years$34,912$25,341$18,067$12,687$8,799$3,965
30 years$33,383$23,932$16,829$11,643$7,950$3,462
31 years$31,956$22,624$15,689$10,693$7,188$3,025
32 years$30,621$21,407$14,638$9,827$6,502$2,643
33 years$29,370$20,273$13,668$9,037$5,884$2,310
34 years$28,195$19,214$12,770$8,315$5,327$2,020
35 years$27,089$18,224$11,939$7,654$4,825$1,766
36 years$26,047$17,297$11,169$7,049$4,372$1,545
37 years$25,064$16,428$10,454$6,495$3,962$1,351
38 years$24,134$15,613$9,790$5,987$3,592$1,182
39 years$23,255$14,846$9,172$5,520$3,258$1,034
40 years$22,421$14,125$8,597$5,091$2,955$905
41 years$21,631$13,446$8,061$4,698$2,681$792
42 years$20,880$12,805$7,562$4,335$2,432$693
43 years$20,165$12,201$7,096$4,002$2,208$607
44 years$19,486$11,630$6,660$3,695$2,004$531
45 years$18,838$11,090$6,254$3,413$1,819$465
46 years$18,220$10,580$5,874$3,152$1,652$407
47 years$17,630$10,096$5,518$2,912$1,500$356
48 years$17,067$9,638$5,186$2,691$1,362$312
49 years$16,528$9,204$4,874$2,487$1,237$273
50 years$16,012$8,792$4,582$2,299$1,124$239

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $16,400,000, adding $4,509 every year, while hoping to spend $47,903 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: 74/6/20 Blend
39$16,400,000$16,400,000$16,400,000$16,400,000
40$18,077,451$17,208,251$16,954,051$19,328,894
41$19,870,383$18,000,487$17,471,043$20,952,453
42$21,844,588$18,829,937$18,003,749$22,724,831
43$24,018,506$19,698,374$18,552,645$24,665,874
44$26,412,455$20,607,656$19,118,220$26,792,372
45$29,048,825$21,559,731$19,700,980$29,122,809
46$31,952,287$22,556,640$20,301,445$31,677,541
47$35,150,028$23,600,522$20,920,151$34,478,983
48$38,672,004$24,693,621$21,557,650$37,551,819
49$42,551,227$25,838,287$22,214,510$40,923,236
50$46,824,074$27,036,985$22,891,317$44,623,174
51$51,530,628$28,292,295$23,588,674$48,684,608
52$56,715,061$29,606,927$24,307,204$53,143,860
53$62,426,048$30,983,718$25,047,547$58,040,932
54$68,717,227$32,425,641$25,810,361$63,419,889
55$75,647,703$33,935,817$26,596,327$69,329,267
56$83,282,609$35,517,512$27,406,145$75,822,533
57$91,693,719$37,174,154$28,240,534$82,958,580
58$100,960,126$38,909,335$29,100,239$90,802,287
59$111,168,985$40,726,819$29,986,024$99,425,123
60$122,416,343$42,630,554$30,898,677$108,905,823
61$134,808,036$44,624,678$31,839,009$119,331,125
62$148,460,697$46,713,528$32,807,857$130,796,584
63$163,502,850$48,901,653$33,806,082$143,407,475
64$180,076,127$51,193,820$34,834,572$157,279,779
65$198,336,601$53,595,026$35,894,239$172,541,274
66$218,456,264$56,110,512$36,986,025$189,332,741
67$240,624,646$58,745,770$38,110,901$207,809,285
68$265,050,607$61,506,561$39,269,863$228,141,796
69$291,964,307$64,398,920$40,463,942$250,518,557
70$321,619,379$67,429,179$41,694,196$275,147,018
71$354,295,321$70,603,975$42,961,717$302,255,750
72$390,300,138$73,930,264$44,267,629$332,096,594
73$429,973,248$77,415,343$45,613,091$364,947,036
74$473,688,684$81,066,859$46,999,293$401,112,823
75$521,858,626$84,892,831$48,427,466$440,930,838
76$574,937,293$88,901,668$49,898,874$484,772,278
77$633,425,231$93,102,184$51,414,820$533,046,153
78$697,874,036$97,503,621$52,976,648$586,203,137
79$768,891,560$102,115,671$54,585,738$644,739,820
80$847,147,655$106,948,495$56,243,515$709,203,384
81$933,380,489$112,012,745$57,951,447$780,196,768
82$1,028,403,522$117,319,592$59,711,043$858,384,344
83$1,133,113,178$122,880,749$61,523,860$944,498,190
84$1,248,497,312$128,708,496$63,391,500$1,039,344,987
85$1,375,644,536$134,815,710$65,315,613$1,143,813,626
86$1,515,754,492$141,215,893$67,297,899$1,258,883,594
87$1,670,149,182$147,923,203$69,340,110$1,385,634,210
88$1,840,285,443$154,952,485$71,444,049$1,525,254,805
89$2,027,768,706$162,319,305$73,611,572$1,679,055,938
90$2,234,368,147$170,039,984$75,844,593$1,848,481,761
91$2,462,033,393$178,131,638$78,145,082$2,035,123,640
92$2,712,912,925$186,612,214$80,515,068$2,240,735,168
93$2,989,374,361$195,500,530$82,956,640$2,467,248,708
94$3,294,026,809$204,816,319$85,471,951$2,716,793,623
95$3,629,745,499$214,580,275$88,063,217$2,991,716,365
96$3,999,698,926$224,814,094$90,732,721$3,294,602,619
97$4,407,378,763$235,540,532$93,482,814$3,628,301,691
98$4,856,632,826$246,783,447$96,315,917$3,995,953,402
99$5,351,701,399$258,567,860$99,234,525$4,401,017,709
100$5,897,257,264$270,920,008$102,241,204$4,847,307,357