Can I retire at age 40 with 19,600,000?

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 $19,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,519,603
2 years$801,262$786,339$771,877$757,855$744,253$700,924
3 years$528,869$513,882$499,455$485,565$472,185$430,211
4 years$392,699$377,757$363,476$349,822$336,766$296,471
5 years$311,018$296,166$282,072$268,697$256,004$217,498
6 years$256,582$241,842$227,956$214,879$202,567$165,886
7 years$217,714$203,099$189,433$176,664$164,742$129,886
8 years$188,577$174,093$160,654$148,199$136,669$103,621
9 years$165,926$151,579$138,371$126,233$115,095$83,823
10 years$147,817$133,610$120,635$108,814$98,067$68,530
11 years$133,009$118,945$106,205$94,701$84,341$56,492
12 years$120,678$106,759$94,254$83,065$73,088$46,874
13 years$110,253$96,479$84,210$73,334$63,734$39,099
14 years$101,324$87,696$75,663$65,098$55,869$32,754
15 years$93,593$80,112$68,314$58,056$49,191$27,535
16 years$86,835$73,501$61,936$51,983$43,475$23,214
17 years$80,879$67,692$56,360$46,706$38,548$19,618
18 years$75,590$62,550$51,449$42,092$34,275$16,613
19 years$70,863$57,971$47,099$38,033$30,550$14,092
20 years$66,614$53,870$43,225$34,446$27,288$11,970
21 years$62,775$50,177$39,759$31,262$24,420$10,179
22 years$59,290$46,839$36,644$28,425$21,889$8,666
23 years$56,112$43,807$33,834$25,887$19,649$7,383
24 years$53,204$41,045$31,291$23,610$17,661$6,295
25 years$50,532$38,518$28,982$21,562$15,892$5,370
26 years$48,070$36,201$26,879$19,715$14,315$4,584
27 years$45,794$34,069$24,960$18,046$12,906$3,915
28 years$43,684$32,103$23,203$16,534$11,645$3,344
29 years$41,724$30,286$21,592$15,162$10,516$2,858
30 years$39,897$28,602$20,113$13,915$9,501$2,443
31 years$38,192$27,038$18,750$12,780$8,590$2,089
32 years$36,596$25,584$17,494$11,745$7,770$1,786
33 years$35,101$24,228$16,335$10,800$7,032$1,528
34 years$33,696$22,963$15,262$9,937$6,367$1,307
35 years$32,375$21,780$14,269$9,148$5,767$1,118
36 years$31,129$20,672$13,348$8,425$5,225$957
37 years$29,954$19,634$12,494$7,763$4,736$819
38 years$28,843$18,659$11,700$7,155$4,293$700
39 years$27,792$17,743$10,962$6,597$3,893$599
40 years$26,796$16,881$10,274$6,085$3,531$513
41 years$25,851$16,069$9,634$5,614$3,204$439
42 years$24,954$15,304$9,037$5,181$2,907$376
43 years$24,100$14,581$8,480$4,783$2,638$322
44 years$23,288$13,899$7,960$4,416$2,395$275
45 years$22,513$13,254$7,474$4,078$2,174$236
46 years$21,775$12,644$7,020$3,767$1,974$202
47 years$21,070$12,066$6,595$3,481$1,792$173
48 years$20,397$11,519$6,198$3,216$1,628$148
49 years$19,753$11,000$5,825$2,972$1,478$127
50 years$19,136$10,507$5,477$2,747$1,343$108

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $19,600,000, adding $5,005 every year, while hoping to spend $55,599 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: 41/38/21 Blend
39$19,600,000$19,600,000$19,600,000$19,600,000
40$21,604,363$20,565,563$20,261,763$22,356,291
41$23,748,851$21,514,118$20,881,375$23,842,144
42$26,110,213$22,507,290$21,519,881$25,443,657
43$28,710,512$23,547,204$22,177,854$27,175,988
44$31,574,060$24,636,092$22,855,887$29,051,139
45$34,727,643$25,776,291$23,554,589$31,082,278
46$38,200,783$26,970,249$24,274,588$33,283,855
47$42,026,007$28,220,535$25,016,530$35,671,731
48$46,239,159$29,529,841$25,781,084$38,263,319
49$50,879,738$30,900,987$26,568,934$41,077,739
50$55,991,267$32,336,932$27,380,790$44,135,989
51$61,621,709$33,840,774$28,217,379$47,461,132
52$67,823,915$35,415,764$29,079,453$51,078,506
53$74,656,125$37,065,307$29,967,785$55,015,952
54$82,182,516$38,792,974$30,883,173$59,304,063
55$90,473,811$40,602,508$31,826,437$63,976,462
56$99,607,942$42,497,832$32,798,424$69,070,108
57$109,670,786$44,483,060$33,800,006$74,625,632
58$120,756,980$46,562,503$34,832,079$80,687,707
59$132,970,808$48,740,683$35,895,570$87,305,452
60$146,427,190$51,022,336$36,991,432$94,532,887
61$161,252,764$53,412,431$38,120,646$102,429,424
62$177,587,082$55,916,176$39,284,223$111,060,409
63$195,583,926$58,539,030$40,483,206$120,497,727
64$215,412,761$61,286,717$41,718,668$130,820,462
65$237,260,334$64,165,238$42,991,715$142,115,621
66$261,332,438$67,180,884$44,303,487$154,478,941
67$287,855,850$70,340,251$45,655,157$168,015,768
68$317,080,476$73,650,253$47,047,935$182,842,035
69$349,281,709$77,118,139$48,483,065$199,085,329
70$384,763,027$80,751,512$49,961,831$216,886,077
71$423,858,859$84,558,339$51,485,556$236,398,843
72$466,937,740$88,546,976$53,055,600$257,793,767
73$514,405,794$92,726,182$54,673,367$281,258,140
74$566,710,563$97,105,142$56,340,302$306,998,143
75$624,345,231$101,693,486$58,057,893$335,240,772
76$687,853,288$106,501,309$59,827,675$366,235,943
77$757,833,648$111,539,198$61,651,228$400,258,819
78$834,946,314$116,818,253$63,530,178$437,612,383
79$919,918,601$122,350,111$65,466,202$478,630,252
80$1,013,552,007$128,146,974$67,461,028$523,679,798
81$1,116,729,773$134,221,637$69,516,434$573,165,575
82$1,230,425,228$140,587,516$71,634,253$627,533,098
83$1,355,710,975$147,258,677$73,816,373$687,273,007
84$1,493,769,011$154,249,870$76,064,739$752,925,656
85$1,645,901,897$161,576,560$78,381,354$825,086,165
86$1,813,545,043$169,254,964$80,768,282$904,409,995
87$1,998,280,266$177,302,086$83,227,648$991,619,084
88$2,201,850,721$185,735,756$85,761,642$1,087,508,605
89$2,426,177,357$194,574,671$88,372,520$1,192,954,426
90$2,673,377,053$203,838,435$91,062,605$1,308,921,315
91$2,945,782,601$213,547,607$93,834,290$1,436,471,986
92$3,245,964,729$223,723,742$96,690,042$1,576,777,077
93$3,576,756,371$234,389,445$99,632,398$1,731,126,125
94$3,941,279,413$245,568,420$102,663,975$1,900,939,678
95$4,342,974,162$257,285,522$105,787,468$2,087,782,629
96$4,785,631,830$269,566,816$109,005,651$2,293,378,915
97$5,273,430,321$282,439,634$112,321,385$2,519,627,715
98$5,810,973,675$295,932,637$115,737,612$2,768,621,289
99$6,403,335,535$310,075,882$119,257,368$3,042,664,651
100$7,056,107,045$324,900,885$122,883,775$3,344,297,235