Can I retire at age 40 with 19,700,000?

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,523,060
2 years$805,350$790,351$775,815$761,721$748,050$700,258
3 years$531,567$516,503$502,004$488,042$474,594$428,352
4 years$394,702$379,685$365,330$351,607$338,484$294,149
5 years$312,605$297,677$283,511$270,068$257,310$215,000
6 years$257,891$243,076$229,119$215,975$203,601$163,354
7 years$218,825$204,135$190,399$177,565$165,582$127,396
8 years$189,539$174,981$161,474$148,955$137,366$101,217
9 years$166,773$152,353$139,077$126,877$115,682$81,531
10 years$148,571$134,291$121,251$109,369$98,567$66,364
11 years$133,688$119,552$106,747$95,184$84,771$54,461
12 years$121,294$107,303$94,735$83,489$73,461$44,981
13 years$110,815$96,971$84,640$73,708$64,059$37,343
14 years$101,841$88,144$76,049$65,430$56,154$31,132
15 years$94,071$80,521$68,662$58,352$49,442$26,042
16 years$87,278$73,876$62,253$52,248$43,697$21,845
17 years$81,291$68,037$56,647$46,944$38,745$18,368
18 years$75,975$62,870$51,712$42,306$34,450$15,473
19 years$71,225$58,267$47,339$38,227$30,706$13,056
20 years$66,954$54,144$43,446$34,622$27,427$11,031
21 years$63,095$50,433$39,962$31,422$24,544$9,330
22 years$59,592$47,078$36,831$28,570$22,001$7,900
23 years$56,398$44,031$34,007$26,019$19,749$6,694
24 years$53,475$41,254$31,451$23,731$17,751$5,675
25 years$50,790$38,715$29,130$21,672$15,973$4,815
26 years$48,315$36,386$27,016$19,816$14,388$4,087
27 years$46,027$34,243$25,087$18,138$12,972$3,470
28 years$43,907$32,267$23,322$16,618$11,705$2,948
29 years$41,936$30,440$21,703$15,239$10,569$2,504
30 years$40,101$28,748$20,215$13,986$9,550$2,128
31 years$38,387$27,176$18,846$12,845$8,634$1,809
32 years$36,783$25,714$17,584$11,805$7,810$1,538
33 years$35,280$24,352$16,418$10,856$7,068$1,308
34 years$33,868$23,080$15,340$9,988$6,399$1,112
35 years$32,540$21,891$14,342$9,195$5,796$946
36 years$31,288$20,778$13,416$8,468$5,252$805
37 years$30,107$19,734$12,558$7,802$4,760$685
38 years$28,991$18,754$11,760$7,191$4,315$582
39 years$27,934$17,834$11,017$6,631$3,913$496
40 years$26,933$16,967$10,327$6,116$3,549$422
41 years$25,983$16,151$9,683$5,643$3,220$359
42 years$25,081$15,382$9,083$5,208$2,922$305
43 years$24,223$14,656$8,523$4,807$2,652$260
44 years$23,406$13,970$8,001$4,439$2,407$221
45 years$22,628$13,322$7,512$4,099$2,185$188
46 years$21,886$12,708$7,056$3,787$1,984$160
47 years$21,178$12,128$6,629$3,498$1,802$136
48 years$20,501$11,577$6,229$3,233$1,636$116
49 years$19,854$11,056$5,855$2,987$1,486$99
50 years$19,234$10,561$5,505$2,761$1,350$84

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $19,700,000, adding $5,280 every year, while hoping to spend $49,728 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: 69/11/20 Blend
39$19,700,000$19,700,000$19,700,000$19,700,000
40$21,714,846$20,670,746$20,365,396$23,105,811
41$23,876,850$21,630,703$20,994,727$24,995,420
42$26,257,712$22,636,030$21,643,473$27,056,018
43$28,879,703$23,688,900$22,312,234$29,309,592
44$31,767,363$24,791,586$23,001,624$31,775,193
45$34,947,736$25,946,476$23,712,280$34,473,791
46$38,450,619$27,156,067$24,444,856$37,428,468
47$42,308,851$28,422,983$25,200,027$40,664,634
48$46,558,615$29,749,970$25,978,489$44,210,264
49$51,239,783$31,139,909$26,780,958$48,096,157
50$56,396,295$32,595,818$27,608,174$52,356,225
51$62,076,568$34,120,864$28,460,899$57,027,805
52$68,333,956$35,718,365$29,339,917$62,152,014
53$75,227,254$37,391,798$30,246,038$67,774,126
54$82,821,249$39,144,812$31,180,096$73,943,997
55$91,187,338$40,981,229$32,142,951$80,716,536
56$100,404,195$42,905,058$33,135,488$88,152,210
57$110,558,517$44,920,500$34,158,621$96,317,616
58$121,745,843$47,031,962$35,213,292$105,286,102
59$134,071,452$49,244,061$36,300,471$115,138,456
60$147,651,361$51,561,641$37,421,157$125,963,658
61$162,613,415$53,989,777$38,576,382$137,859,721
62$179,098,501$56,533,793$39,767,208$150,934,604
63$197,261,868$59,199,269$40,994,729$165,307,226
64$217,274,602$61,992,056$42,260,076$181,108,587
65$239,325,233$64,918,289$43,564,410$198,482,990
66$263,621,519$67,984,398$44,908,931$217,589,401
67$290,392,409$71,197,128$46,294,874$238,602,940
68$319,890,196$74,563,548$47,723,514$261,716,526
69$352,392,906$78,091,073$49,196,162$287,142,692
70$388,206,922$81,787,474$50,714,172$315,115,581
71$427,669,870$85,660,903$52,278,939$345,893,148
72$471,153,813$89,719,903$53,891,900$379,759,584
73$519,068,758$93,973,435$55,554,535$417,027,992
74$571,866,532$98,430,894$57,268,373$458,043,330
75$630,045,041$103,102,130$59,034,986$503,185,660
76$694,152,974$107,997,473$60,855,996$552,873,721
77$764,794,981$113,127,753$62,733,076$607,568,872
78$842,637,382$118,504,326$64,667,947$667,779,438
79$928,414,458$124,139,101$66,662,386$734,065,491
80$1,022,935,379$130,044,563$68,718,222$807,044,128
81$1,127,091,847$136,233,807$70,837,343$887,395,284
82$1,241,866,513$142,720,561$73,021,691$975,868,131
83$1,368,342,251$149,519,221$75,273,271$1,073,288,141
84$1,507,712,382$156,644,885$77,594,148$1,180,564,863
85$1,661,291,943$164,113,382$79,986,449$1,298,700,489
86$1,830,530,094$171,941,311$82,452,368$1,428,799,303
87$2,017,023,808$180,146,080$84,994,167$1,572,078,087
88$2,222,532,940$188,745,941$87,614,175$1,729,877,586
89$2,448,996,843$197,760,035$90,314,793$1,903,675,153
90$2,698,552,679$207,208,435$93,098,497$2,095,098,671
91$2,973,555,592$217,112,188$95,967,836$2,305,941,901
92$3,276,600,944$227,493,367$98,925,441$2,538,181,395
93$3,610,548,817$238,375,119$101,974,019$2,793,995,134
94$3,978,551,012$249,781,715$105,116,364$3,075,783,062
95$4,384,080,807$261,738,611$108,355,354$3,386,189,724
96$4,830,965,744$274,272,498$111,693,954$3,728,129,200
97$5,323,423,770$287,411,370$115,135,221$4,104,812,595
98$5,866,103,049$301,184,581$118,682,305$4,519,778,318
99$6,464,125,850$315,622,917$122,338,453$4,976,925,467
100$7,123,136,907$330,758,660$126,107,011$5,480,550,599