Can I retire at age 40 with 20,000,000?

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 $20,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,543,777
2 years$817,615$802,387$787,630$773,321$759,442$708,479
3 years$539,662$524,369$509,648$495,474$481,821$432,547
4 years$400,713$385,467$370,894$356,961$343,639$296,430
5 years$317,365$302,211$287,829$274,180$261,229$216,212
6 years$261,818$246,778$232,608$219,264$206,701$163,914
7 years$222,157$207,243$193,299$180,269$168,104$127,542
8 years$192,425$177,646$163,933$151,223$139,458$101,094
9 years$169,313$154,673$141,195$128,809$117,444$81,234
10 years$150,833$136,336$123,097$111,034$100,068$65,957
11 years$135,724$121,372$108,373$96,633$86,062$53,987
12 years$123,141$108,937$96,178$84,760$74,579$44,471
13 years$112,503$98,447$85,929$74,831$65,035$36,820
14 years$103,392$89,486$77,207$66,426$57,009$30,610
15 years$95,503$81,747$69,708$59,241$50,195$25,534
16 years$88,608$75,001$63,201$53,044$44,363$21,357
17 years$82,529$69,073$57,510$47,659$39,335$17,905
18 years$77,132$63,827$52,499$42,951$34,975$15,038
19 years$72,309$59,154$48,060$38,809$31,174$12,651
20 years$67,974$54,969$44,107$35,149$27,845$10,656
21 years$64,056$51,201$40,570$31,900$24,918$8,986
22 years$60,500$47,795$37,392$29,005$22,336$7,584
23 years$57,257$44,701$34,525$26,415$20,050$6,406
24 years$54,289$41,882$31,930$24,092$18,021$5,414
25 years$51,563$39,304$29,573$22,002$16,216$4,579
26 years$49,051$36,940$27,428$20,118$14,607$3,874
27 years$46,728$34,765$25,469$18,414$13,170$3,279
28 years$44,576$32,759$23,677$16,871$11,883$2,776
29 years$42,575$30,904$22,033$15,471$10,730$2,351
30 years$40,711$29,186$20,523$14,199$9,695$1,991
31 years$38,971$27,590$19,133$13,041$8,766$1,687
32 years$37,343$26,106$17,851$11,985$7,929$1,430
33 years$35,817$24,723$16,668$11,021$7,176$1,212
34 years$34,384$23,431$15,574$10,140$6,497$1,027
35 years$33,035$22,224$14,560$9,335$5,884$871
36 years$31,765$21,094$13,621$8,597$5,332$738
37 years$30,565$20,035$12,749$7,921$4,832$626
38 years$29,432$19,040$11,939$7,301$4,381$531
39 years$28,360$18,105$11,185$6,732$3,973$450
40 years$27,343$17,226$10,484$6,209$3,603$381
41 years$26,379$16,397$9,831$5,729$3,269$324
42 years$25,463$15,616$9,221$5,287$2,966$274
43 years$24,592$14,879$8,653$4,880$2,692$233
44 years$23,763$14,183$8,122$4,506$2,444$197
45 years$22,973$13,525$7,627$4,162$2,218$167
46 years$22,219$12,902$7,163$3,844$2,014$142
47 years$21,500$12,312$6,730$3,552$1,829$120
48 years$20,813$11,754$6,324$3,282$1,661$102
49 years$20,156$11,224$5,944$3,033$1,509$87
50 years$19,527$10,722$5,588$2,803$1,370$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $20,000,000, adding $5,226 every year, while hoping to spend $29,222 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: 57/24/19 Blend
39$20,000,000$20,000,000$20,000,000$20,000,000
40$22,045,391$20,985,391$20,675,391$23,190,386
41$24,262,928$21,982,583$21,336,924$24,967,047
42$26,705,676$23,027,658$22,019,640$26,898,679
43$29,396,573$24,122,932$22,724,216$29,003,116
44$32,360,900$25,270,832$23,451,354$31,296,988
45$35,626,513$26,473,904$24,201,775$33,798,574
46$39,224,110$27,734,818$24,976,228$36,527,976
47$43,187,518$29,056,373$25,775,480$39,507,298
48$47,554,014$30,441,504$26,600,328$42,760,851
49$52,364,676$31,893,290$27,451,591$46,315,373
50$57,664,770$33,414,959$28,330,117$50,200,277
51$63,504,179$35,009,894$29,236,778$54,447,920
52$69,937,873$36,681,646$30,172,477$59,093,900
53$77,026,425$38,433,936$31,138,145$64,177,388
54$84,836,589$40,270,667$32,134,741$69,741,485
55$93,441,923$42,195,932$33,163,257$75,833,621
56$102,923,490$44,214,024$34,224,717$82,505,996
57$113,370,617$46,329,442$35,320,176$89,816,061
58$124,881,743$48,546,907$36,450,724$97,827,051
59$137,565,344$50,871,369$37,617,487$106,608,573
60$151,540,960$53,308,017$38,821,624$116,237,248
61$166,940,324$55,862,296$40,064,335$126,797,429
62$183,908,602$58,539,913$41,346,855$138,381,981
63$202,605,766$61,346,856$42,670,461$151,093,147
64$223,208,103$64,289,400$44,036,470$165,043,498
65$245,909,879$67,374,131$45,446,241$180,356,985
66$270,925,175$70,607,951$46,901,179$197,170,096
67$298,489,905$73,998,103$48,402,730$215,633,124
68$328,864,043$77,552,178$49,952,389$235,911,575
69$362,334,081$81,278,140$51,551,700$258,187,714
70$399,215,728$85,184,340$53,202,253$282,662,266
71$439,856,896$89,279,537$54,905,693$309,556,296
72$484,640,980$93,572,914$56,663,714$339,113,274
73$533,990,479$98,074,106$58,478,067$371,601,359
74$588,370,985$102,793,214$60,350,559$407,315,906
75$648,295,577$107,740,833$62,283,054$446,582,234
76$714,329,665$112,928,073$64,277,476$489,758,675
77$787,096,331$118,366,589$66,335,812$537,239,936
78$867,282,206$124,068,601$68,460,110$589,460,795
79$955,643,954$130,046,925$70,652,487$646,900,188
80$1,053,015,418$136,315,005$72,915,126$710,085,697
81$1,160,315,488$142,886,938$75,250,280$779,598,506
82$1,278,556,779$149,777,510$77,660,276$856,078,858
83$1,408,855,189$157,002,226$80,147,514$940,232,069
84$1,552,440,434$164,577,350$82,714,471$1,032,835,153
85$1,710,667,657$172,519,940$85,363,705$1,134,744,127
86$1,885,030,223$180,847,882$88,097,854$1,246,902,056
87$2,077,173,817$189,579,939$90,919,643$1,370,347,918
88$2,288,911,978$198,735,788$93,831,883$1,506,226,376
89$2,522,243,225$208,336,066$96,837,476$1,655,798,546
90$2,779,369,918$218,402,418$99,939,416$1,820,453,855
91$3,062,719,058$228,957,545$103,140,795$2,001,723,123
92$3,374,965,192$240,025,255$106,444,802$2,201,292,960
93$3,719,055,669$251,630,520$109,854,730$2,421,021,647
94$4,098,238,462$263,799,529$113,373,977$2,662,956,628
95$4,516,092,831$276,559,753$117,006,052$2,929,353,784
96$4,976,563,119$289,939,999$120,754,573$3,222,698,679
97$5,483,995,983$303,970,486$124,623,278$3,545,729,963
98$6,043,181,438$318,682,904$128,616,023$3,901,465,172
99$6,659,398,072$334,110,494$132,736,786$4,293,229,150
100$7,338,462,885$350,288,117$136,989,678$4,724,685,370