Can I retire at age 40 with 16,700,000?

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,290,604
2 years$682,708$669,993$657,671$645,723$634,134$593,108
3 years$450,618$437,848$425,556$413,721$402,321$362,634
4 years$334,595$321,865$309,696$298,063$286,938$248,894
5 years$265,000$252,346$240,337$228,941$218,126$181,827
6 years$218,618$206,059$194,228$183,086$172,596$138,074
7 years$185,501$173,048$161,404$150,525$140,367$107,619
8 years$160,675$148,334$136,884$126,272$116,448$85,454
9 years$141,376$129,152$117,898$107,555$98,066$68,791
10 years$125,946$113,841$102,786$92,714$83,557$55,960
11 years$113,329$101,346$90,491$80,689$71,862$45,893
12 years$102,823$90,963$80,309$70,775$62,274$37,879
13 years$93,940$82,204$71,750$62,484$54,304$31,426
14 years$86,333$74,721$64,468$55,466$47,603$26,181
15 years$79,745$68,259$58,206$49,466$41,913$21,885
16 years$73,987$62,626$52,772$44,291$37,043$18,345
17 years$68,912$57,676$48,021$39,795$32,845$15,413
18 years$64,405$53,296$43,837$35,864$29,204$12,975
19 years$60,378$49,394$40,130$32,406$26,030$10,939
20 years$56,758$45,899$36,830$29,350$23,251$9,236
21 years$53,487$42,753$33,876$26,637$20,807$7,806
22 years$50,517$39,909$31,222$24,219$18,650$6,604
23 years$47,810$37,326$28,828$22,057$16,742$5,591
24 years$45,332$34,972$26,661$20,117$15,048$4,737
25 years$43,055$32,819$24,694$18,372$13,541$4,015
26 years$40,957$30,845$22,902$16,798$12,197$3,405
27 years$39,018$29,029$21,267$15,376$10,997$2,889
28 years$37,221$27,353$19,770$14,088$9,922$2,452
29 years$35,550$25,805$18,398$12,919$8,960$2,082
30 years$33,994$24,370$17,137$11,856$8,096$1,768
31 years$32,541$23,038$15,976$10,889$7,319$1,502
32 years$31,182$21,798$14,906$10,007$6,621$1,276
33 years$29,907$20,643$13,918$9,202$5,992$1,084
34 years$28,710$19,565$13,004$8,467$5,425$921
35 years$27,584$18,557$12,158$7,794$4,914$783
36 years$26,523$17,614$11,373$7,178$4,452$665
37 years$25,522$16,729$10,645$6,614$4,035$565
38 years$24,576$15,898$9,969$6,096$3,658$481
39 years$23,680$15,118$9,340$5,621$3,317$409
40 years$22,832$14,383$8,754$5,185$3,009$347
41 years$22,026$13,692$8,209$4,783$2,730$295
42 years$21,262$13,039$7,700$4,415$2,477$251
43 years$20,534$12,424$7,225$4,075$2,248$213
44 years$19,842$11,843$6,782$3,763$2,040$181
45 years$19,182$11,293$6,368$3,475$1,852$154
46 years$18,553$10,773$5,981$3,210$1,682$131
47 years$17,953$10,281$5,619$2,966$1,527$112
48 years$17,379$9,814$5,281$2,740$1,387$95
49 years$16,830$9,372$4,963$2,533$1,260$81
50 years$16,305$8,953$4,666$2,341$1,144$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $16,700,000, adding $4,342 every year, while hoping to spend $25,709 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: 65/8/27 Blend
39$16,700,000$16,700,000$16,700,000$16,700,000
40$18,407,879$17,522,779$17,263,929$19,473,133
41$20,258,128$18,354,041$17,814,916$21,024,500
42$22,296,241$19,225,173$18,383,500$22,716,235
43$24,541,353$20,138,102$18,970,243$24,564,819
44$27,014,550$21,094,847$19,575,724$26,585,689
45$29,739,067$22,097,528$20,200,544$28,795,834
46$32,740,509$23,148,364$20,845,320$31,213,952
47$36,047,093$24,249,685$21,510,689$33,860,628
48$39,689,909$25,403,933$22,197,311$36,758,523
49$43,703,223$26,613,669$22,905,863$39,932,583
50$48,124,790$27,881,577$23,637,048$43,410,276
51$52,996,218$29,210,473$24,391,589$47,221,841
52$58,363,357$30,603,311$25,170,231$51,400,579
53$64,276,732$32,063,186$25,973,747$55,983,155
54$70,792,021$33,593,344$26,802,929$61,009,946
55$77,970,579$35,197,191$27,658,600$66,525,415
56$85,880,021$36,878,296$28,541,606$72,578,531
57$94,594,854$38,640,403$29,452,820$79,223,220
58$104,197,184$40,487,438$30,393,145$86,518,877
59$114,777,492$42,423,517$31,363,511$94,530,919
60$126,435,486$44,452,959$32,364,878$103,331,397
61$139,281,042$46,580,291$33,398,237$112,999,671
62$153,435,242$48,810,259$34,464,612$123,623,157
63$169,031,518$51,147,843$35,565,058$135,298,145
64$186,216,910$53,598,264$36,700,664$148,130,700
65$205,153,453$56,166,997$37,872,555$162,237,664
66$226,019,709$58,859,784$39,081,890$177,747,745
67$249,012,453$61,682,647$40,329,867$194,802,732
68$274,348,527$64,641,900$41,617,721$213,558,824
69$302,266,889$67,744,166$42,946,727$234,188,100
70$333,030,871$70,996,390$44,318,202$256,880,133
71$366,930,661$74,405,854$45,733,503$281,843,775
72$404,286,045$77,980,198$47,194,032$309,309,122
73$445,449,425$81,727,430$48,701,235$339,529,675
74$490,809,145$85,655,953$50,256,605$372,784,726
75$540,793,158$89,774,575$51,861,681$409,381,988
76$595,873,067$94,092,536$53,518,055$449,660,489
77$656,568,576$98,619,526$55,227,366$493,993,764
78$723,452,395$103,365,707$56,991,306$542,793,370
79$797,155,649$108,341,737$58,811,625$596,512,766
80$878,373,835$113,558,791$60,690,124$655,651,575
81$967,873,387$119,028,594$62,628,665$720,760,299
82$1,066,498,915$124,763,437$64,629,167$792,445,499
83$1,175,181,173$130,776,214$66,693,613$871,375,510
84$1,294,945,852$137,080,448$68,824,048$958,286,739
85$1,426,923,258$143,690,319$71,022,583$1,053,990,605
86$1,572,358,987$150,620,702$73,291,397$1,159,381,184
87$1,732,625,682$157,887,194$75,632,736$1,275,443,636
88$1,909,235,991$165,506,156$78,048,922$1,403,263,493
89$2,103,856,850$173,494,745$80,542,349$1,544,036,888
90$2,318,325,218$181,870,957$83,115,487$1,699,081,836
91$2,554,665,421$190,653,665$85,770,887$1,869,850,656
92$2,815,108,262$199,862,663$88,511,180$2,057,943,670
93$3,102,112,083$209,518,712$91,339,083$2,265,124,287
94$3,418,385,971$219,643,584$94,257,397$2,493,335,636
95$3,766,915,337$230,260,116$97,269,017$2,744,718,891
96$4,150,990,099$241,392,260$100,376,927$3,021,633,464
97$4,574,235,743$253,065,134$103,584,208$3,326,679,258
98$5,040,647,549$265,305,086$106,894,039$3,662,721,191
99$5,554,628,312$278,139,748$110,309,702$4,032,916,220
100$6,121,029,906$291,598,102$113,834,584$4,440,743,120