Can I retire at age 40 with 16,900,000?

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,299,815
2 years$690,884$678,017$665,547$653,456$641,728$594,065
3 years$456,014$443,092$430,653$418,676$407,139$361,125
4 years$338,602$325,719$313,405$301,632$290,375$246,363
5 years$268,174$255,368$243,215$231,683$220,738$178,843
6 years$221,236$208,527$196,554$185,278$174,663$134,916
7 years$187,723$175,121$163,337$152,328$142,048$104,440
8 years$162,599$150,111$138,523$127,784$117,842$82,343
9 years$143,069$130,698$119,310$108,843$99,240$65,804
10 years$127,454$115,204$104,017$93,824$84,558$53,126
11 years$114,686$102,560$91,575$81,655$72,722$43,232
12 years$104,054$92,052$81,270$71,622$63,020$35,399
13 years$95,065$83,188$72,610$63,232$54,954$29,130
14 years$87,366$75,616$65,240$56,130$48,173$24,066
15 years$80,700$69,076$58,903$50,058$42,415$19,947
16 years$74,873$63,376$53,404$44,822$37,487$16,576
17 years$69,737$58,367$48,596$40,272$33,238$13,805
18 years$65,177$53,934$44,362$36,293$29,554$11,517
19 years$61,101$49,985$40,611$32,794$26,342$9,623
20 years$57,438$46,449$37,271$29,701$23,529$8,050
21 years$54,127$43,265$34,282$26,956$21,056$6,741
22 years$51,122$40,386$31,596$24,509$18,874$5,649
23 years$48,382$37,773$29,173$22,321$16,942$4,738
24 years$45,874$35,391$26,980$20,358$15,228$3,976
25 years$43,571$33,212$24,989$18,592$13,703$3,338
26 years$41,448$31,214$23,176$17,000$12,343$2,804
27 years$39,485$29,376$21,521$15,560$11,128$2,356
28 years$37,666$27,681$20,007$14,256$10,041$1,980
29 years$35,976$26,114$18,618$13,073$9,067$1,665
30 years$34,401$24,662$17,342$11,998$8,193$1,400
31 years$32,931$23,314$16,167$11,019$7,407$1,177
32 years$31,555$22,059$15,084$10,127$6,700$990
33 years$30,265$20,891$14,084$9,313$6,064$833
34 years$29,054$19,800$13,160$8,568$5,490$701
35 years$27,915$18,780$12,303$7,888$4,972$590
36 years$26,841$17,825$11,510$7,264$4,505$496
37 years$25,828$16,929$10,773$6,693$4,083$417
38 years$24,870$16,089$10,088$6,169$3,702$351
39 years$23,964$15,299$9,452$5,688$3,357$296
40 years$23,105$14,556$8,859$5,247$3,045$249
41 years$22,290$13,856$8,307$4,841$2,762$209
42 years$21,516$13,196$7,792$4,467$2,507$176
43 years$20,780$12,573$7,312$4,124$2,275$148
44 years$20,080$11,984$6,863$3,808$2,065$125
45 years$19,412$11,428$6,445$3,517$1,875$105
46 years$18,775$10,902$6,053$3,248$1,702$88
47 years$18,168$10,404$5,687$3,001$1,545$74
48 years$17,587$9,932$5,344$2,773$1,404$63
49 years$17,032$9,484$5,023$2,563$1,275$53
50 years$16,500$9,060$4,722$2,369$1,158$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $16,900,000, adding $2,174 every year, while hoping to spend $44,058 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: 43/33/24 Blend
39$16,900,000$16,900,000$16,900,000$16,900,000
40$18,626,042$17,730,342$17,468,392$19,296,557
41$20,479,021$18,552,252$18,006,706$20,595,997
42$22,519,528$19,412,958$18,561,577$21,998,592
43$24,766,642$20,314,316$19,133,513$23,517,399
44$27,241,392$21,258,269$19,723,037$25,163,185
45$29,966,945$22,246,855$20,330,690$26,947,767
46$32,968,832$23,282,211$20,957,027$28,884,121
47$36,275,188$24,366,574$21,602,623$30,986,496
48$39,917,014$25,502,293$22,268,067$33,270,541
49$43,928,471$26,691,827$22,953,969$35,753,447
50$48,347,204$27,937,756$23,660,956$38,454,101
51$53,214,697$29,242,783$24,389,676$41,393,257
52$58,576,659$30,609,743$25,140,794$44,593,721
53$64,483,465$32,041,607$25,914,997$48,080,563
54$70,990,623$33,541,490$26,712,993$51,881,341
55$78,159,301$35,112,658$27,535,513$56,026,350
56$86,056,904$36,758,533$28,383,308$60,548,903
57$94,757,712$38,482,704$29,257,152$65,485,632
58$104,343,577$40,288,935$30,157,845$70,876,826
59$114,904,698$42,181,169$31,086,209$76,766,795
60$126,540,473$44,163,542$32,043,092$83,204,283
61$139,360,435$46,240,389$33,029,370$90,242,910
62$153,485,287$48,416,257$34,045,942$97,941,670
63$169,048,043$50,695,909$35,093,737$106,365,472
64$186,195,277$53,084,343$36,173,711$115,585,740
65$205,088,517$55,586,797$37,286,852$125,681,074
66$225,905,758$58,208,762$38,434,174$136,737,971
67$248,843,152$60,955,998$39,616,725$148,851,633
68$274,116,852$63,834,541$40,835,584$162,126,845
69$301,965,058$66,850,721$42,091,864$176,678,947
70$332,650,263$70,011,175$43,386,710$192,634,905
71$366,461,729$73,322,861$44,721,303$210,134,493
72$403,718,220$76,793,076$46,096,862$229,331,586
73$444,771,010$80,429,469$47,514,639$250,395,600
74$490,007,202$84,240,062$48,975,928$273,513,064
75$539,853,377$88,233,265$50,482,062$298,889,360
76$594,779,622$92,417,896$52,034,412$326,750,638
77$655,303,972$96,803,202$53,634,393$357,345,925
78$721,997,296$101,398,877$55,283,464$390,949,451
79$795,488,688$106,215,089$56,983,127$427,863,211
80$876,471,402$111,262,497$58,734,931$468,419,785
81$965,709,404$116,552,278$60,540,470$512,985,451
82$1,064,044,577$122,096,153$62,401,389$561,963,609
83$1,172,404,670$127,906,412$64,319,382$615,798,558
84$1,291,812,061$133,995,941$66,296,196$674,979,655
85$1,423,393,403$140,378,253$68,333,630$740,045,901
86$1,568,390,261$147,067,519$70,433,538$811,590,990
87$1,728,170,837$154,078,596$72,597,831$890,268,876
88$1,904,242,882$161,427,067$74,828,478$976,799,904
89$2,098,267,933$169,129,270$77,127,508$1,071,977,569
90$2,312,076,995$177,202,337$79,497,012$1,176,675,962
91$2,547,687,831$185,664,235$81,939,145$1,291,857,974
92$2,807,324,012$194,533,804$84,456,128$1,418,584,339
93$3,093,435,901$203,830,800$87,050,249$1,558,023,595
94$3,408,723,795$213,575,942$89,723,864$1,711,463,060
95$3,756,163,414$223,790,954$92,479,406$1,880,320,934
96$4,139,033,992$234,498,621$95,319,376$2,066,159,621
97$4,560,949,240$245,722,834$98,246,355$2,270,700,428
98$5,025,891,457$257,488,647$101,263,002$2,495,839,738
99$5,538,249,129$269,822,335$104,372,057$2,743,666,857
100$6,102,858,362$282,751,451$107,576,343$3,016,483,658