Can I retire at age 40 with 18,700,000?

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,438,829
2 years$764,470$750,232$736,434$723,055$710,078$657,901
3 years$504,584$490,285$476,521$463,268$450,503$400,123
4 years$374,667$360,411$346,785$333,759$321,302$273,105
5 years$296,736$282,567$269,120$256,359$244,249$198,360
6 years$244,800$230,737$217,489$205,012$193,266$149,722
7 years$207,717$193,773$180,734$168,552$157,177$115,968
8 years$179,918$166,099$153,277$141,394$130,393$91,486
9 years$158,307$144,619$132,017$120,436$109,810$73,155
10 years$141,029$127,475$115,096$103,817$93,564$59,099
11 years$126,902$113,483$101,328$90,352$80,468$48,123
12 years$115,137$101,856$89,926$79,251$69,732$39,431
13 years$105,190$92,048$80,343$69,967$60,807$32,469
14 years$96,672$83,669$72,189$62,109$53,303$26,844
15 years$89,296$76,434$65,177$55,390$46,933$22,265
16 years$82,848$70,126$59,092$49,596$41,479$18,516
17 years$77,165$64,584$53,772$44,561$36,778$15,432
18 years$72,119$59,678$49,087$40,159$32,702$12,884
19 years$67,609$55,309$44,936$36,287$29,148$10,773
20 years$63,555$51,396$41,240$32,865$26,035$9,019
21 years$59,893$47,873$37,933$29,827$23,299$7,558
22 years$56,567$44,688$34,961$27,119$20,884$6,339
23 years$53,535$41,796$32,281$24,698$18,747$5,321
24 years$50,760$39,160$29,854$22,526$16,850$4,469
25 years$48,211$36,750$27,651$20,572$15,162$3,755
26 years$45,862$34,539$25,645$18,810$13,658$3,156
27 years$43,691$32,505$23,813$17,217$12,314$2,654
28 years$41,678$30,629$22,138$15,775$11,111$2,233
29 years$39,808$28,895$20,601$14,466$10,033$1,878
30 years$38,065$27,288$19,189$13,276$9,065$1,581
31 years$36,438$25,797$17,889$12,193$8,196$1,331
32 years$34,916$24,409$16,691$11,206$7,414$1,120
33 years$33,489$23,116$15,585$10,305$6,709$943
34 years$32,149$21,908$14,561$9,481$6,075$794
35 years$30,888$20,780$13,614$8,728$5,502$669
36 years$29,700$19,723$12,735$8,038$4,985$563
37 years$28,579$18,732$11,920$7,406$4,518$474
38 years$27,519$17,802$11,163$6,826$4,096$399
39 years$26,516$16,928$10,458$6,294$3,714$336
40 years$25,566$16,106$9,802$5,806$3,369$283
41 years$24,664$15,331$9,192$5,356$3,057$239
42 years$23,808$14,601$8,622$4,943$2,774$201
43 years$22,993$13,912$8,091$4,563$2,517$169
44 years$22,218$13,261$7,594$4,213$2,285$143
45 years$21,480$12,645$7,131$3,891$2,074$120
46 years$20,775$12,063$6,698$3,594$1,883$101
47 years$20,103$11,512$6,292$3,321$1,710$85
48 years$19,460$10,990$5,913$3,068$1,553$72
49 years$18,846$10,495$5,558$2,836$1,410$61
50 years$18,258$10,025$5,225$2,621$1,281$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $18,700,000, adding $3,251 every year, while hoping to spend $58,829 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: 36/35/29 Blend
39$18,700,000$18,700,000$18,700,000$18,700,000
40$20,610,753$19,619,653$19,329,803$21,173,273
41$22,650,457$20,518,423$19,914,758$22,491,960
42$24,896,238$21,459,260$20,517,337$23,909,062
43$27,369,055$22,444,165$21,138,069$25,437,858
44$30,092,002$23,475,232$21,777,497$27,088,441
45$33,090,525$24,554,657$22,436,183$28,871,882
46$36,392,665$25,684,743$23,114,702$30,800,322
47$40,029,322$26,867,899$23,813,649$32,887,084
48$44,034,542$28,106,656$24,533,635$35,146,786
49$48,445,845$29,403,662$25,275,292$37,595,475
50$53,304,574$30,761,694$26,039,267$40,250,767
51$58,656,287$32,183,664$26,826,229$43,132,005
52$64,551,186$33,672,621$27,636,865$46,260,431
53$71,044,592$35,231,764$28,471,885$49,659,378
54$78,197,464$36,864,444$29,332,016$53,354,480
55$86,076,978$38,574,174$30,218,012$57,373,902
56$94,757,159$40,364,638$31,130,644$61,748,595
57$104,319,578$42,239,695$32,070,710$66,512,577
58$114,854,126$44,203,391$33,039,030$71,703,240
59$126,459,858$46,259,967$34,036,448$77,361,691
60$139,245,928$48,413,870$35,063,834$83,533,128
61$153,332,623$50,669,760$36,122,082$90,267,251
62$168,852,494$53,032,522$37,212,116$97,618,715
63$185,951,611$55,507,278$38,334,884$105,647,634
64$204,790,936$58,099,396$39,491,364$114,420,130
65$225,547,849$60,814,504$40,682,562$124,008,940
66$248,417,817$63,658,502$41,909,515$134,494,088
67$273,616,240$66,637,574$43,173,290$145,963,617
68$301,380,487$69,758,205$44,474,985$158,514,407
69$331,972,131$73,027,192$45,815,731$172,253,064
70$365,679,424$76,451,660$47,196,694$187,296,909
71$402,820,014$80,039,080$48,619,072$203,775,061
72$443,743,945$83,797,285$50,084,101$221,829,637
73$488,836,960$87,734,485$51,593,051$241,617,064
74$538,524,144$91,859,288$53,147,232$263,309,534
75$593,273,933$96,180,720$54,747,991$287,096,604
76$653,602,541$100,708,242$56,396,715$313,186,957
77$720,078,829$105,451,775$58,094,834$341,810,341
78$793,329,677$110,421,718$59,843,818$373,219,712
79$874,045,899$115,628,978$61,645,181$407,693,587
80$962,988,769$121,084,986$63,500,483$445,538,645
81$1,060,997,202$126,801,730$65,411,328$487,092,583
82$1,168,995,679$132,791,776$67,379,370$532,727,269
83$1,288,002,968$139,068,303$69,406,308$582,852,218
84$1,419,141,747$145,645,126$71,493,896$637,918,418
85$1,563,649,199$152,536,732$73,643,936$698,422,542
86$1,722,888,694$159,758,308$75,858,284$764,911,601
87$1,898,362,657$167,325,781$78,138,853$837,988,056
88$2,091,726,752$175,255,849$80,487,609$918,315,463
89$2,304,805,515$183,566,019$82,906,578$1,006,624,689
90$2,539,609,575$192,274,651$85,397,845$1,103,720,756
91$2,798,354,636$201,400,994$87,963,558$1,210,490,389
92$3,083,482,398$210,965,231$90,605,926$1,327,910,333
93$3,397,683,602$220,988,528$93,327,224$1,457,056,511
94$3,743,923,438$231,493,074$96,129,795$1,599,114,125
95$4,125,469,535$242,502,141$99,016,049$1,755,388,773
96$4,545,922,810$254,040,128$101,988,469$1,927,318,717
97$5,009,251,463$266,132,621$105,049,609$2,116,488,379
98$5,519,828,442$278,806,449$108,202,100$2,324,643,234
99$6,082,472,722$292,089,744$111,448,650$2,553,706,209
100$6,702,494,805$306,012,007$114,792,045$2,805,795,752