Can I retire at age 40 with 2,030,000?

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 $2,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$167,636$166,142$164,685$163,264$161,875$155,884
2 years$82,988$81,442$79,944$78,492$77,083$71,115
3 years$54,776$53,223$51,729$50,291$48,905$43,147
4 years$40,672$39,125$37,646$36,232$34,879$29,376
5 years$32,213$30,674$29,215$27,829$26,515$21,280
6 years$26,575$25,048$23,610$22,255$20,980$16,018
7 years$22,549$21,035$19,620$18,297$17,063$12,371
8 years$19,531$18,031$16,639$15,349$14,155$9,731
9 years$17,185$15,699$14,331$13,074$11,921$7,757
10 years$15,310$13,838$12,494$11,270$10,157$6,247
11 years$13,776$12,319$11,000$9,808$8,735$5,070
12 years$12,499$11,057$9,762$8,603$7,570$4,141
13 years$11,419$9,992$8,722$7,595$6,601$3,398
14 years$10,494$9,083$7,837$6,742$5,786$2,799
15 years$9,694$8,297$7,075$6,013$5,095$2,314
16 years$8,994$7,613$6,415$5,384$4,503$1,917
17 years$8,377$7,011$5,837$4,837$3,993$1,592
18 years$7,829$6,478$5,329$4,359$3,550$1,324
19 years$7,339$6,004$4,878$3,939$3,164$1,103
20 years$6,899$5,579$4,477$3,568$2,826$920
21 years$6,502$5,197$4,118$3,238$2,529$768
22 years$6,141$4,851$3,795$2,944$2,267$642
23 years$5,812$4,537$3,504$2,681$2,035$536
24 years$5,510$4,251$3,241$2,445$1,829$449
25 years$5,234$3,989$3,002$2,233$1,646$376
26 years$4,979$3,749$2,784$2,042$1,483$314
27 years$4,743$3,529$2,585$1,869$1,337$263
28 years$4,524$3,325$2,403$1,712$1,206$221
29 years$4,321$3,137$2,236$1,570$1,089$185
30 years$4,132$2,962$2,083$1,441$984$155
31 years$3,956$2,800$1,942$1,324$890$130
32 years$3,790$2,650$1,812$1,216$805$109
33 years$3,635$2,509$1,692$1,119$728$91
34 years$3,490$2,378$1,581$1,029$659$77
35 years$3,353$2,256$1,478$947$597$64
36 years$3,224$2,141$1,383$873$541$54
37 years$3,102$2,034$1,294$804$490$45
38 years$2,987$1,933$1,212$741$445$38
39 years$2,878$1,838$1,135$683$403$32
40 years$2,775$1,748$1,064$630$366$27
41 years$2,677$1,664$998$581$332$22
42 years$2,584$1,585$936$537$301$19
43 years$2,496$1,510$878$495$273$16
44 years$2,412$1,440$824$457$248$13
45 years$2,332$1,373$774$422$225$11
46 years$2,255$1,310$727$390$204$9
47 years$2,182$1,250$683$360$186$8
48 years$2,113$1,193$642$333$169$7
49 years$2,046$1,139$603$308$153$5
50 years$1,982$1,088$567$285$139$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,030,000, adding $2,236 every year, while hoping to spend $40,546 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: 76/10/14 Blend
39$2,030,000$2,030,000$2,030,000$2,030,000
40$2,239,366$2,131,776$2,100,311$2,402,831
41$2,424,641$2,193,093$2,127,531$2,572,331
42$2,627,455$2,256,055$2,154,304$2,752,789
43$2,849,554$2,320,700$2,180,572$2,949,505
44$3,092,861$2,387,067$2,206,274$3,164,087
45$3,359,495$2,455,195$2,231,345$3,398,302
46$3,651,786$2,525,123$2,255,718$3,654,098
47$3,972,304$2,596,890$2,279,321$3,933,620
48$4,323,879$2,670,536$2,302,078$4,239,231
49$4,709,625$2,746,104$2,323,908$4,573,534
50$5,132,976$2,823,632$2,344,728$4,939,396
51$5,597,712$2,903,162$2,364,449$5,339,974
52$6,107,999$2,984,737$2,382,978$5,778,749
53$6,668,423$3,068,397$2,400,216$6,259,552
54$7,284,038$3,154,185$2,416,060$6,786,606
55$7,960,413$3,242,143$2,430,400$7,364,562
56$8,703,680$3,332,313$2,443,124$7,998,546
57$9,520,597$3,424,738$2,454,110$8,694,203
58$10,418,607$3,519,459$2,463,231$9,457,755
59$11,405,911$3,616,519$2,470,356$10,296,055
60$12,491,546$3,715,961$2,475,345$11,216,656
61$13,685,466$3,817,825$2,478,051$12,227,878
62$14,998,639$3,922,154$2,478,321$13,338,890
63$16,443,149$4,028,988$2,475,994$14,559,793
64$18,032,310$4,138,369$2,470,900$15,901,719
65$19,780,793$4,250,336$2,462,862$17,376,932
66$21,704,760$4,364,928$2,451,694$18,998,947
67$23,822,021$4,482,186$2,437,202$20,782,656
68$26,152,200$4,602,145$2,419,180$22,744,468
69$28,716,916$4,724,842$2,397,415$24,902,465
70$31,539,996$4,850,314$2,371,682$27,276,572
71$34,647,689$4,978,592$2,341,747$29,888,743
72$38,068,921$5,109,711$2,307,364$32,763,173
73$41,835,565$5,243,701$2,268,274$35,926,522
74$45,982,740$5,380,590$2,224,209$39,408,167
75$50,549,145$5,520,405$2,174,886$43,240,482
76$55,577,423$5,663,169$2,120,010$47,459,141
77$61,114,562$5,808,906$2,059,271$52,103,456
78$67,212,338$5,957,634$1,992,348$57,216,745
79$73,927,807$6,109,368$1,918,902$62,846,747
80$81,323,837$6,264,121$1,838,579$69,046,067
81$89,469,707$6,421,901$1,751,010$75,872,674
82$98,441,758$6,582,715$1,655,809$83,390,449
83$108,324,110$6,746,561$1,552,572$91,669,790
84$119,209,464$6,913,437$1,440,878$100,788,271
85$131,199,967$7,083,333$1,320,285$110,831,380
86$144,408,182$7,256,235$1,190,333$121,893,322
87$158,958,149$7,432,123$1,050,541$134,077,912
88$174,986,552$7,610,969$900,406$147,499,552
89$192,644,015$7,792,741$739,404$162,284,311
90$212,096,517$7,977,398$566,987$178,571,119
91$233,526,963$8,164,892$382,583$196,513,073
92$257,136,908$8,355,166$185,593$216,278,890
93$283,148,458$8,548,154$0$238,054,490
94$311,806,369$8,743,782$0$262,048,439
95$343,380,355$8,941,964$0$288,512,669
96$378,167,635$9,142,604$0$317,668,340
97$416,495,735$9,345,593$0$349,789,754
98$458,725,584$9,550,811$0$385,179,180
99$505,254,917$9,758,124$0$424,169,715
100$556,522,030$9,967,384$0$467,128,427