Can I retire at age 40 with 18,900,000?

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,500,131
2 years$772,646$758,256$744,310$730,788$717,673$710,626
3 years$509,981$495,529$481,618$468,223$455,321$448,427
4 years$378,674$364,266$350,494$337,328$324,739$318,050
5 years$299,910$285,589$271,998$259,101$246,861$240,398
6 years$247,418$233,205$219,815$207,205$195,333$189,103
7 years$209,939$195,845$182,667$170,354$158,858$152,865
8 years$181,842$167,875$154,916$142,906$131,788$126,033
9 years$160,000$146,166$133,429$121,724$110,985$105,466
10 years$142,537$128,838$116,327$104,928$94,564$89,279
11 years$128,259$114,697$102,412$91,318$81,329$76,273
12 years$116,368$102,946$90,888$80,099$70,478$65,648
13 years$106,315$93,033$81,203$70,715$61,458$56,850
14 years$97,706$84,564$72,961$62,773$53,874$49,482
15 years$90,251$77,251$65,874$55,982$47,435$43,254
16 years$83,734$70,876$59,724$50,126$41,923$37,948
17 years$77,990$65,274$54,347$45,038$37,172$33,396
18 years$72,890$60,317$49,612$40,588$33,051$29,469
19 years$68,332$55,901$45,417$36,675$29,459$26,064
20 years$64,235$51,946$41,681$33,216$26,314$23,099
21 years$60,533$48,385$38,339$30,146$23,548$20,507
22 years$57,172$45,166$35,335$27,409$21,107$18,234
23 years$54,108$42,243$32,626$24,962$18,947$16,234
24 years$51,303$39,579$30,173$22,767$17,030$14,471
25 years$48,727$37,143$27,947$20,792$15,324$12,913
26 years$46,353$34,908$25,919$19,011$13,804$11,534
27 years$44,158$32,853$24,068$17,402$12,445$10,310
28 years$42,124$30,957$22,374$15,944$11,230$9,223
29 years$40,233$29,204$20,821$14,621$10,140$8,256
30 years$38,472$27,580$19,394$13,418$9,162$7,394
31 years$36,828$26,073$18,081$12,323$8,283$6,626
32 years$35,289$24,670$16,870$11,326$7,493$5,941
33 years$33,847$23,363$15,751$10,415$6,781$5,328
34 years$32,493$22,143$14,717$9,582$6,140$4,780
35 years$31,218$21,002$13,759$8,821$5,561$4,291
36 years$30,018$19,934$12,872$8,124$5,038$3,852
37 years$28,884$18,933$12,048$7,485$4,566$3,459
38 years$27,813$17,993$11,282$6,899$4,140$3,107
39 years$26,800$17,109$10,570$6,362$3,754$2,791
40 years$25,839$16,278$9,907$5,868$3,405$2,508
41 years$24,928$15,495$9,290$5,414$3,089$2,254
42 years$24,062$14,757$8,714$4,996$2,803$2,026
43 years$23,239$14,061$8,177$4,612$2,544$1,822
44 years$22,456$13,403$7,676$4,258$2,309$1,638
45 years$21,709$12,781$7,207$3,933$2,096$1,473
46 years$20,997$12,192$6,769$3,633$1,903$1,324
47 years$20,318$11,635$6,360$3,356$1,728$1,191
48 years$19,668$11,107$5,976$3,101$1,570$1,071
49 years$19,047$10,607$5,617$2,866$1,426$964
50 years$18,453$10,132$5,281$2,649$1,295$867

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $18,900,000, adding $6,545 every year, while hoping to spend $23,307 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: 79/11/10 Blend
39$18,900,000$18,900,000$18,900,000$18,900,000
40$20,834,551$19,832,851$19,539,901$22,445,502
41$22,934,877$20,779,862$20,169,689$24,451,186
42$25,248,655$21,772,496$20,819,794$26,647,313
43$27,797,632$22,812,963$21,490,872$29,055,889
44$30,605,774$23,903,582$22,183,600$31,698,115
45$33,699,489$25,046,783$22,898,677$34,597,335
46$37,107,879$26,245,118$23,636,824$37,779,254
47$40,863,012$27,501,258$24,398,787$41,272,174
48$45,000,228$28,818,008$25,185,335$45,107,265
49$49,558,470$30,198,309$25,997,262$49,318,851
50$54,580,651$31,645,243$26,835,388$53,944,733
51$60,114,061$33,162,044$27,700,558$59,026,541
52$66,210,815$34,752,104$28,593,645$64,610,125
53$72,928,339$36,418,977$29,515,553$70,745,985
54$80,329,916$38,166,394$30,467,211$77,489,740
55$88,485,286$39,998,266$31,449,581$84,902,653
56$97,471,297$41,918,693$32,463,654$93,052,205
57$107,372,638$43,931,977$33,510,455$102,012,725
58$118,282,632$46,042,629$34,591,040$111,866,089
59$130,304,122$48,255,380$35,706,502$122,702,489
60$143,550,439$50,575,190$36,857,966$134,621,276
61$158,146,472$53,007,263$38,046,597$147,731,898
62$174,229,849$55,557,055$39,273,593$162,154,924
63$191,952,231$58,230,288$40,540,197$178,023,178
64$211,480,751$61,032,964$41,847,685$195,482,984
65$232,999,585$63,971,378$43,197,381$214,695,548
66$256,711,697$67,052,129$44,590,647$235,838,467
67$282,840,747$70,282,141$46,028,891$259,107,401
68$311,633,212$73,668,674$47,513,567$284,717,914
69$343,360,702$77,219,342$49,046,175$312,907,501
70$378,322,536$80,942,132$50,628,263$343,937,822
71$416,848,556$84,845,418$52,261,432$378,097,164
72$459,302,250$88,937,984$53,947,331$415,703,156
73$506,084,177$93,229,043$55,687,664$457,105,758
74$557,635,753$97,728,257$57,484,191$502,690,553
75$614,443,417$102,445,758$59,338,728$552,882,381
76$677,043,220$107,392,174$61,253,150$608,149,341
77$746,025,889$112,578,652$63,229,392$669,007,192
78$822,042,406$118,016,882$65,269,452$736,024,222
79$905,810,146$123,719,124$67,375,393$809,826,591
80$998,119,657$129,698,237$69,549,345$891,104,240
81$1,099,842,120$135,967,709$71,793,506$980,617,384
82$1,211,937,573$142,541,683$74,110,146$1,079,203,681
83$1,335,463,977$149,434,997$76,501,607$1,187,786,123
84$1,471,587,200$156,663,209$78,970,308$1,307,381,739
85$1,621,592,027$164,242,639$81,518,746$1,439,111,178
86$1,786,894,290$172,190,404$84,149,500$1,584,209,275
87$1,969,054,229$180,524,456$86,865,230$1,744,036,694
88$2,169,791,228$189,263,622$89,668,683$1,920,092,751
89$2,391,000,046$198,427,652$92,562,697$2,114,029,557
90$2,634,768,702$208,037,258$95,550,198$2,327,667,593
91$2,903,398,190$218,114,165$98,634,210$2,563,012,879
92$3,199,424,204$228,681,156$101,817,854$2,822,275,889
93$3,525,641,071$239,762,132$105,104,351$3,107,892,402
94$3,885,128,140$251,382,156$108,497,027$3,422,546,473
95$4,281,278,849$263,567,520$111,999,315$3,769,195,748
96$4,717,832,760$276,345,797$115,614,761$4,151,099,366
97$5,198,910,869$289,745,909$119,347,023$4,571,848,699
98$5,729,054,509$303,798,190$123,199,880$5,035,401,231
99$6,313,268,225$318,534,457$127,177,232$5,546,117,893
100$6,957,067,019$333,988,081$131,283,104$6,108,804,205