Can I retire at age 40 with 18,800,000?

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 $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,459,346
2 years$768,558$754,244$740,372$726,922$713,875$674,063
3 years$507,282$492,907$479,070$465,746$452,912$414,325
4 years$376,670$362,339$348,640$335,544$323,021$285,956
5 years$298,323$284,078$270,559$257,730$245,555$210,115
6 years$246,109$231,971$218,652$206,108$194,299$160,518
7 years$208,828$194,809$181,701$169,453$158,017$125,897
8 years$180,880$166,987$154,097$142,150$131,091$100,616
9 years$159,154$145,392$132,723$121,080$110,397$81,540
10 years$141,783$128,156$115,711$104,372$94,064$66,788
11 years$127,580$114,090$101,870$90,835$80,898$55,162
12 years$115,753$102,401$90,407$79,675$70,105$45,861
13 years$105,753$92,541$80,773$70,341$61,133$38,332
14 years$97,189$84,117$72,575$62,441$53,589$32,177
15 years$89,773$76,842$65,525$55,686$47,184$27,107
16 years$83,291$70,501$59,408$49,861$41,701$22,903
17 years$77,577$64,929$54,059$44,800$36,975$19,398
18 years$72,504$59,997$49,349$40,373$32,876$16,463
19 years$67,971$55,605$45,177$36,481$29,303$13,995
20 years$63,895$51,671$41,461$33,040$26,174$11,915
21 years$60,213$48,129$38,136$29,986$23,423$10,156
22 years$56,870$44,927$35,148$27,264$20,996$8,666
23 years$53,822$42,019$32,453$24,830$18,847$7,401
24 years$51,032$39,369$30,014$22,647$16,940$6,325
25 years$48,469$36,946$27,799$20,682$15,243$5,409
26 years$46,108$34,723$25,782$18,911$13,731$4,628
27 years$43,925$32,679$23,941$17,309$12,379$3,962
28 years$41,901$30,793$22,256$15,859$11,170$3,393
29 years$40,021$29,050$20,711$14,543$10,086$2,907
30 years$38,269$27,434$19,292$13,347$9,114$2,491
31 years$36,633$25,935$17,985$12,258$8,240$2,135
32 years$35,103$24,539$16,780$11,266$7,453$1,830
33 years$33,668$23,239$15,668$10,360$6,745$1,569
34 years$32,321$22,026$14,639$9,532$6,107$1,346
35 years$31,053$20,891$13,687$8,775$5,531$1,154
36 years$29,859$19,828$12,804$8,081$5,012$990
37 years$28,732$18,833$11,984$7,446$4,542$849
38 years$27,666$17,898$11,222$6,863$4,118$729
39 years$26,658$17,019$10,514$6,328$3,734$625
40 years$25,703$16,192$9,855$5,837$3,387$537
41 years$24,796$15,413$9,241$5,385$3,073$460
42 years$23,935$14,679$8,668$4,970$2,788$395
43 years$23,116$13,986$8,134$4,588$2,531$339
44 years$22,337$13,332$7,635$4,236$2,297$291
45 years$21,594$12,713$7,169$3,912$2,085$250
46 years$20,886$12,128$6,733$3,614$1,893$214
47 years$20,210$11,574$6,326$3,338$1,719$184
48 years$19,564$11,049$5,945$3,085$1,561$158
49 years$18,946$10,551$5,588$2,851$1,418$135
50 years$18,355$10,079$5,253$2,635$1,288$116

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $18,800,000, adding $2,099 every year, while hoping to spend $26,443 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: 58/22/20 Blend
39$18,800,000$18,800,000$18,800,000$18,800,000
40$20,719,765$19,723,365$19,431,965$21,811,425
41$22,805,046$20,661,675$20,054,801$23,491,858
42$25,102,139$21,645,076$20,697,615$25,319,955
43$27,632,622$22,675,749$21,361,050$27,312,399
44$30,420,271$23,755,982$22,045,766$29,485,052
45$33,491,287$24,888,174$22,752,448$31,855,356
46$36,874,544$26,074,840$23,481,801$34,442,491
47$40,601,858$27,318,617$24,234,552$37,267,553
48$44,708,291$28,622,273$25,011,452$40,353,745
49$49,232,478$29,988,706$25,813,278$43,726,592
50$54,216,997$31,420,958$26,640,829$47,414,174
51$59,708,765$32,922,220$27,494,931$51,447,387
52$65,759,485$34,495,835$28,376,437$55,860,224
53$72,426,132$36,145,310$29,286,227$60,690,093
54$79,771,491$37,874,324$30,225,209$65,978,160
55$87,864,750$39,686,732$31,194,321$71,769,732
56$96,782,153$41,586,581$32,194,529$78,114,675
57$106,607,721$43,578,112$33,226,834$85,067,876
58$117,434,040$45,665,771$34,292,265$92,689,752
59$129,363,143$47,854,225$35,391,886$101,046,816
60$142,507,465$50,148,363$36,526,796$110,212,287
61$156,990,911$52,553,317$37,698,128$120,266,778
62$172,950,020$55,074,466$38,907,051$131,299,043
63$190,535,258$57,717,451$40,154,774$143,406,807
64$209,912,438$60,488,189$41,442,542$156,697,672
65$231,264,280$63,392,884$42,771,641$171,290,125
66$254,792,146$66,438,044$44,143,400$187,314,642
67$280,717,929$69,630,493$45,559,188$204,914,910
68$309,286,157$72,977,386$47,020,420$224,249,163
69$340,766,296$76,486,230$48,528,556$245,491,669
70$375,455,298$80,164,895$50,085,102$268,834,354
71$413,680,400$84,021,636$51,691,614$294,488,601
72$455,802,215$88,065,110$53,349,697$322,687,232
73$502,218,137$92,304,396$55,061,008$353,686,680
74$553,366,091$96,749,017$56,827,257$387,769,404
75$609,728,672$101,408,957$58,650,208$425,246,524
76$671,837,691$106,294,691$60,531,685$466,460,751
77$740,279,206$111,417,201$62,473,567$511,789,591
78$815,699,049$116,788,008$64,477,796$561,648,894
79$898,808,924$122,419,192$66,546,374$616,496,755
80$990,393,126$128,323,424$68,681,369$676,837,817
81$1,091,315,946$134,513,993$70,884,916$743,228,007
82$1,202,529,829$141,004,836$73,159,217$816,279,762
83$1,325,084,367$147,810,569$75,506,547$896,667,783
84$1,460,136,209$154,946,523$77,929,252$985,135,376
85$1,608,959,975$162,428,775$80,429,755$1,082,501,440
86$1,772,960,295$170,274,188$83,010,555$1,189,668,167
87$1,953,685,071$178,500,449$85,674,234$1,307,629,528
88$2,152,840,082$187,126,105$88,423,455$1,437,480,621
89$2,372,305,098$196,170,611$91,260,968$1,580,427,977
90$2,614,151,618$205,654,371$94,189,610$1,737,800,912
91$2,880,662,432$215,598,784$97,212,311$1,911,064,038
92$3,174,353,170$226,026,295$100,332,094$2,101,831,051
93$3,497,996,054$236,960,444$103,552,079$2,311,879,921
94$3,854,646,066$248,425,920$106,875,488$2,543,169,634
95$4,247,669,793$260,448,618$110,305,646$2,797,858,643
96$4,680,777,209$273,055,699$113,845,983$3,078,325,192
97$5,158,056,703$286,275,646$117,500,042$3,387,189,721
98$5,684,013,673$300,138,339$121,271,479$3,727,339,551
99$6,263,613,061$314,675,111$125,164,067$4,101,956,088
100$6,902,326,232$329,918,830$129,181,702$4,514,544,800