Can I retire at age 40 with 16,800,000?

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,301,992
2 years$686,796$674,005$661,609$649,590$637,931$600,273
3 years$453,316$440,470$428,105$416,198$404,730$368,256
4 years$336,599$323,792$311,551$299,847$288,657$253,648
5 years$266,587$253,857$241,776$230,312$219,432$185,984
6 years$219,927$207,293$195,391$184,182$173,629$141,773
7 years$186,612$174,085$162,371$151,426$141,207$110,943
8 years$161,637$149,223$137,703$127,028$117,145$88,456
9 years$142,223$129,925$118,604$108,199$98,653$71,512
10 years$126,700$114,523$103,402$93,269$84,057$58,429
11 years$114,008$101,953$91,033$81,172$72,292$48,134
12 years$103,439$91,507$80,790$71,199$62,647$39,913
13 years$94,503$82,696$72,180$62,858$54,629$33,270
14 years$86,849$75,168$64,854$55,798$47,888$27,852
15 years$80,223$68,668$58,555$49,762$42,164$23,397
16 years$74,430$63,001$53,088$44,557$37,265$19,712
17 years$69,325$58,022$48,308$40,034$33,041$16,646
18 years$64,791$53,615$44,099$36,078$29,379$14,086
19 years$60,740$49,690$40,371$32,600$26,186$11,939
20 years$57,098$46,174$37,050$29,526$23,390$10,133
21 years$53,807$43,009$34,079$26,796$20,931$8,611
22 years$50,820$40,148$31,409$24,364$18,762$7,325
23 years$48,096$37,549$29,001$22,189$16,842$6,236
24 years$45,603$35,181$26,821$20,237$15,138$5,313
25 years$43,313$33,016$24,841$18,482$13,622$4,529
26 years$41,203$31,029$23,039$16,899$12,270$3,863
27 years$39,252$29,202$21,394$15,468$11,062$3,296
28 years$37,444$27,517$19,888$14,172$9,982$2,813
29 years$35,763$25,959$18,508$12,996$9,013$2,402
30 years$34,198$24,516$17,239$11,927$8,144$2,052
31 years$32,736$23,176$16,072$10,954$7,363$1,753
32 years$31,368$21,929$14,995$10,067$6,660$1,498
33 years$30,086$20,767$14,001$9,258$6,028$1,280
34 years$28,882$19,682$13,082$8,518$5,457$1,094
35 years$27,750$18,668$12,231$7,841$4,943$935
36 years$26,682$17,719$11,441$7,221$4,479$799
37 years$25,675$16,829$10,709$6,654$4,059$683
38 years$24,723$15,994$10,028$6,133$3,680$584
39 years$23,822$15,208$9,396$5,655$3,337$500
40 years$22,968$14,469$8,807$5,216$3,027$427
41 years$22,158$13,774$8,258$4,812$2,746$365
42 years$21,389$13,117$7,746$4,441$2,492$313
43 years$20,657$12,498$7,269$4,100$2,261$267
44 years$19,961$11,913$6,823$3,785$2,053$229
45 years$19,297$11,361$6,406$3,496$1,863$196
46 years$18,664$10,838$6,017$3,229$1,692$167
47 years$18,060$10,342$5,653$2,983$1,536$143
48 years$17,483$9,873$5,312$2,757$1,395$122
49 years$16,931$9,428$4,993$2,548$1,267$105
50 years$16,403$9,006$4,694$2,355$1,151$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $16,800,000, adding $3,263 every year, while hoping to spend $35,295 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: 31/46/23 Blend
39$16,800,000$16,800,000$16,800,000$16,800,000
40$18,516,966$17,626,566$17,366,166$18,959,105
41$20,368,143$18,452,714$17,910,379$20,122,047
42$22,406,957$19,318,160$18,471,640$21,369,647
43$24,652,510$20,224,793$19,050,483$22,711,929
44$27,125,850$21,174,593$19,647,459$24,157,170
45$29,850,173$22,169,634$20,263,135$25,714,430
46$32,851,038$23,212,094$20,898,097$27,393,630
47$36,156,610$24,304,252$21,552,949$29,205,637
48$39,797,925$25,448,501$22,228,314$31,162,355
49$43,809,184$26,647,349$22,924,834$33,276,830
50$48,228,076$27,903,424$23,643,171$35,563,365
51$53,096,131$29,219,483$24,384,008$38,037,638
52$58,459,115$30,598,416$25,148,051$40,716,848
53$64,367,459$32,043,253$25,936,025$43,619,856
54$70,876,737$33,557,170$26,748,679$46,767,360
55$78,048,192$35,143,499$27,586,788$50,182,071
56$85,949,310$36,805,732$28,451,147$53,888,920
57$94,654,457$38,547,531$29,342,578$57,915,275
58$104,245,586$40,372,735$30,261,929$62,291,185
59$114,813,007$42,285,369$31,210,075$67,049,653
60$126,456,237$44,289,656$32,187,916$72,226,927
61$139,284,944$46,390,020$33,196,382$77,862,829
62$153,419,980$48,591,102$34,236,432$84,001,111
63$168,994,520$50,897,769$35,309,055$90,689,852
64$186,155,323$53,315,121$36,415,270$97,981,893
65$205,064,114$55,848,510$37,556,129$105,935,313
66$225,899,111$58,503,545$38,732,718$114,613,960
67$248,856,710$61,286,108$39,946,153$124,088,032
68$274,153,334$64,202,367$41,197,589$134,434,712
69$302,027,481$67,258,790$42,488,215$145,738,882
70$332,741,972$70,462,158$43,819,258$158,093,890
71$366,586,433$73,819,584$45,191,983$171,602,410
72$403,880,030$77,338,524$46,607,695$186,377,385
73$444,974,479$81,026,798$48,067,739$202,543,062
74$490,257,371$84,892,606$49,573,503$220,236,136
75$540,155,826$88,944,547$51,126,419$239,607,009
76$595,140,528$93,191,638$52,727,962$260,821,179
77$655,730,167$97,643,333$54,379,653$284,060,765
78$722,496,337$102,309,549$56,083,064$309,526,192
79$796,068,928$107,200,682$57,839,812$337,438,047
80$877,142,081$112,327,637$59,651,567$368,039,119
81$966,480,729$117,701,848$61,520,051$401,596,653
82$1,064,927,830$123,335,304$63,447,039$438,404,827
83$1,173,412,316$129,240,581$65,434,362$478,787,487
84$1,292,957,867$135,430,865$67,483,909$523,101,155
85$1,424,692,576$141,919,984$69,597,626$571,738,345
86$1,569,859,595$148,722,440$71,777,523$625,131,218
87$1,729,828,874$155,853,440$74,025,670$683,755,606
88$1,906,110,093$163,328,932$76,344,204$748,135,452
89$2,100,366,914$171,165,641$78,735,326$818,847,689
90$2,314,432,690$179,381,108$81,201,310$896,527,631
91$2,550,327,767$187,993,725$83,744,497$981,874,903
92$2,810,278,565$197,022,783$86,367,303$1,075,659,975
93$3,096,738,591$206,488,512$89,072,220$1,178,731,371
94$3,412,411,606$216,412,127$91,861,818$1,292,023,596
95$3,760,277,147$226,815,879$94,738,746$1,416,565,887
96$4,143,618,659$237,723,100$97,705,738$1,553,491,845
97$4,566,054,493$249,158,263$100,765,610$1,704,050,047
98$5,031,572,064$261,147,030$103,921,271$1,869,615,752
99$5,544,565,497$273,716,318$107,175,716$2,051,703,779
100$6,109,877,113$286,894,352$110,532,038$2,251,982,719