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%18.8%
1 years$167,636$166,142$164,685$163,264$161,875$156,132
2 years$82,988$81,442$79,944$78,492$77,083$71,358
3 years$54,776$53,223$51,729$50,291$48,905$43,378
4 years$40,672$39,125$37,646$36,232$34,879$29,593
5 years$32,213$30,674$29,215$27,829$26,515$21,482
6 years$26,575$25,048$23,610$22,255$20,980$16,206
7 years$22,549$21,035$19,620$18,297$17,063$12,545
8 years$19,531$18,031$16,639$15,349$14,155$9,891
9 years$17,185$15,699$14,331$13,074$11,921$7,904
10 years$15,310$13,838$12,494$11,270$10,157$6,381
11 years$13,776$12,319$11,000$9,808$8,735$5,193
12 years$12,499$11,057$9,762$8,603$7,570$4,252
13 years$11,419$9,992$8,722$7,595$6,601$3,499
14 years$10,494$9,083$7,837$6,742$5,786$2,891
15 years$9,694$8,297$7,075$6,013$5,095$2,396
16 years$8,994$7,613$6,415$5,384$4,503$1,991
17 years$8,377$7,011$5,837$4,837$3,993$1,658
18 years$7,829$6,478$5,329$4,359$3,550$1,383
19 years$7,339$6,004$4,878$3,939$3,164$1,156
20 years$6,899$5,579$4,477$3,568$2,826$967
21 years$6,502$5,197$4,118$3,238$2,529$810
22 years$6,141$4,851$3,795$2,944$2,267$679
23 years$5,812$4,537$3,504$2,681$2,035$569
24 years$5,510$4,251$3,241$2,445$1,829$478
25 years$5,234$3,989$3,002$2,233$1,646$401
26 years$4,979$3,749$2,784$2,042$1,483$337
27 years$4,743$3,529$2,585$1,869$1,337$283
28 years$4,524$3,325$2,403$1,712$1,206$238
29 years$4,321$3,137$2,236$1,570$1,089$200
30 years$4,132$2,962$2,083$1,441$984$168
31 years$3,956$2,800$1,942$1,324$890$141
32 years$3,790$2,650$1,812$1,216$805$119
33 years$3,635$2,509$1,692$1,119$728$100
34 years$3,490$2,378$1,581$1,029$659$84
35 years$3,353$2,256$1,478$947$597$71
36 years$3,224$2,141$1,383$873$541$60
37 years$3,102$2,034$1,294$804$490$50
38 years$2,987$1,933$1,212$741$445$42
39 years$2,878$1,838$1,135$683$403$36
40 years$2,775$1,748$1,064$630$366$30
41 years$2,677$1,664$998$581$332$25
42 years$2,584$1,585$936$537$301$21
43 years$2,496$1,510$878$495$273$18
44 years$2,412$1,440$824$457$248$15
45 years$2,332$1,373$774$422$225$13
46 years$2,255$1,310$727$390$204$11
47 years$2,182$1,250$683$360$186$9
48 years$2,113$1,193$642$333$169$8
49 years$2,046$1,139$603$308$153$6
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 $3,287 every year, while hoping to spend $32,848 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: 51/42/7 Blend
39$2,030,000$2,030,000$2,030,000$2,030,000
40$2,240,451$2,132,861$2,101,396$2,350,645
41$2,434,026$2,202,421$2,136,842$2,495,523
42$2,646,246$2,274,288$2,172,376$2,649,112
43$2,878,977$2,348,542$2,207,964$2,815,285
44$3,134,275$2,425,263$2,243,572$2,995,233
45$3,414,404$2,504,534$2,279,166$3,190,263
46$3,721,861$2,586,444$2,314,705$3,401,812
47$4,059,393$2,671,082$2,350,150$3,631,462
48$4,430,027$2,758,540$2,385,456$3,880,951
49$4,837,097$2,848,917$2,420,576$4,152,195
50$5,284,278$2,942,311$2,455,463$4,447,296
51$5,775,616$3,038,825$2,490,062$4,768,573
52$6,315,569$3,138,568$2,524,320$5,118,573
53$6,909,049$3,241,650$2,558,176$5,500,101
54$7,561,467$3,348,185$2,591,570$5,916,246
55$8,278,783$3,458,293$2,624,434$6,370,405
56$9,067,566$3,572,097$2,656,700$6,866,318
57$9,935,052$3,689,724$2,688,294$7,408,103
58$10,889,214$3,811,306$2,719,138$8,000,295
59$11,938,834$3,936,981$2,749,149$8,647,883
60$13,093,592$4,066,890$2,778,243$9,356,365
61$14,364,150$4,201,180$2,806,326$10,131,790
62$15,762,259$4,340,002$2,833,303$10,980,822
63$17,300,863$4,483,516$2,859,072$11,910,800
64$18,994,226$4,631,884$2,883,526$12,929,804
65$20,858,066$4,785,275$2,906,553$14,046,735
66$22,909,700$4,943,864$2,928,034$15,271,393
67$25,168,210$5,107,834$2,947,843$16,614,575
68$27,654,622$5,277,373$2,965,851$18,088,171
69$30,392,104$5,452,675$2,981,918$19,705,279
70$33,406,187$5,633,944$2,995,900$21,480,325
71$36,724,999$5,821,389$3,007,644$23,429,201
72$40,379,539$6,015,227$3,016,991$25,569,412
73$44,403,963$6,215,684$3,023,770$27,920,242
74$48,835,908$6,422,993$3,027,807$30,502,935
75$53,716,847$6,637,396$3,028,916$33,340,892
76$59,092,482$6,859,145$3,026,901$36,459,896
77$65,013,172$7,088,500$3,021,559$39,888,349
78$71,534,410$7,325,731$3,012,676$43,657,544
79$78,717,346$7,571,118$3,000,026$47,801,955
80$86,629,364$7,824,952$2,983,376$52,359,565
81$95,344,718$8,087,533$2,962,477$57,372,220
82$104,945,231$8,359,174$2,937,072$62,886,028
83$115,521,070$8,640,199$2,906,890$68,951,785
84$127,171,594$8,930,944$2,871,646$75,625,463
85$140,006,294$9,231,758$2,831,043$82,968,730
86$154,145,825$9,543,002$2,784,772$91,049,532
87$169,723,142$9,865,052$2,732,505$99,942,737
88$186,884,761$10,198,298$2,673,902$109,730,836
89$205,792,136$10,543,144$2,608,607$120,504,721
90$226,623,184$10,900,008$2,536,245$132,364,544
91$249,573,967$11,269,327$2,456,428$145,420,661
92$274,860,539$11,651,552$2,368,746$159,794,666
93$302,720,988$12,047,151$2,272,772$175,620,547
94$333,417,679$12,456,612$2,168,061$193,045,940
95$367,239,736$12,880,440$2,054,145$212,233,529
96$404,505,767$13,319,160$1,930,537$233,362,572
97$445,566,872$13,773,315$1,796,726$256,630,600
98$490,809,957$14,243,472$1,652,181$282,255,272
99$540,661,388$14,730,217$1,496,344$310,476,432
100$595,591,012$15,234,160$1,328,634$341,558,373