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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.2%
1 years$167,636$166,142$164,685$163,264$161,875$156,505
2 years$82,988$81,442$79,944$78,492$77,083$71,726
3 years$54,776$53,223$51,729$50,291$48,905$43,727
4 years$40,672$39,125$37,646$36,232$34,879$29,922
5 years$32,213$30,674$29,215$27,829$26,515$21,790
6 years$26,575$25,048$23,610$22,255$20,980$16,492
7 years$22,549$21,035$19,620$18,297$17,063$12,811
8 years$19,531$18,031$16,639$15,349$14,155$10,136
9 years$17,185$15,699$14,331$13,074$11,921$8,130
10 years$15,310$13,838$12,494$11,270$10,157$6,589
11 years$13,776$12,319$11,000$9,808$8,735$5,382
12 years$12,499$11,057$9,762$8,603$7,570$4,425
13 years$11,419$9,992$8,722$7,595$6,601$3,656
14 years$10,494$9,083$7,837$6,742$5,786$3,033
15 years$9,694$8,297$7,075$6,013$5,095$2,525
16 years$8,994$7,613$6,415$5,384$4,503$2,107
17 years$8,377$7,011$5,837$4,837$3,993$1,763
18 years$7,829$6,478$5,329$4,359$3,550$1,477
19 years$7,339$6,004$4,878$3,939$3,164$1,240
20 years$6,899$5,579$4,477$3,568$2,826$1,042
21 years$6,502$5,197$4,118$3,238$2,529$877
22 years$6,141$4,851$3,795$2,944$2,267$738
23 years$5,812$4,537$3,504$2,681$2,035$622
24 years$5,510$4,251$3,241$2,445$1,829$524
25 years$5,234$3,989$3,002$2,233$1,646$442
26 years$4,979$3,749$2,784$2,042$1,483$373
27 years$4,743$3,529$2,585$1,869$1,337$315
28 years$4,524$3,325$2,403$1,712$1,206$266
29 years$4,321$3,137$2,236$1,570$1,089$225
30 years$4,132$2,962$2,083$1,441$984$190
31 years$3,956$2,800$1,942$1,324$890$161
32 years$3,790$2,650$1,812$1,216$805$136
33 years$3,635$2,509$1,692$1,119$728$115
34 years$3,490$2,378$1,581$1,029$659$97
35 years$3,353$2,256$1,478$947$597$82
36 years$3,224$2,141$1,383$873$541$69
37 years$3,102$2,034$1,294$804$490$59
38 years$2,987$1,933$1,212$741$445$50
39 years$2,878$1,838$1,135$683$403$42
40 years$2,775$1,748$1,064$630$366$36
41 years$2,677$1,664$998$581$332$30
42 years$2,584$1,585$936$537$301$25
43 years$2,496$1,510$878$495$273$21
44 years$2,412$1,440$824$457$248$18
45 years$2,332$1,373$774$422$225$15
46 years$2,255$1,310$727$390$204$13
47 years$2,182$1,250$683$360$186$11
48 years$2,113$1,193$642$333$169$9
49 years$2,046$1,139$603$308$153$8
50 years$1,982$1,088$567$285$139$7

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 $5,576 every year, while hoping to spend $27,874 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: 54/17/29 Blend
39$2,030,000$2,030,000$2,030,000$2,030,000
40$2,242,812$2,135,222$2,103,757$2,345,533
41$2,441,921$2,210,190$2,144,575$2,492,211
42$2,660,405$2,287,897$2,185,826$2,648,516
43$2,900,210$2,368,449$2,227,496$2,818,144
44$3,163,482$2,451,953$2,269,567$3,002,385
45$3,452,583$2,538,524$2,312,023$3,202,661
46$3,770,113$2,628,279$2,354,843$3,420,534
47$4,118,942$2,721,341$2,398,007$3,657,727
48$4,502,225$2,817,838$2,441,491$3,916,135
49$4,923,442$2,917,903$2,485,272$4,197,844
50$5,386,427$3,021,673$2,529,322$4,505,152
51$5,895,401$3,129,293$2,573,612$4,840,589
52$6,455,016$3,240,913$2,618,113$5,206,941
53$7,070,398$3,356,688$2,662,790$5,607,275
54$7,747,193$3,476,781$2,707,608$6,044,970
55$8,491,623$3,601,360$2,752,530$6,523,748
56$9,310,544$3,730,601$2,797,514$7,047,707
57$10,211,506$3,864,687$2,842,517$7,621,360
58$11,202,832$4,003,809$2,887,494$8,249,680
59$12,293,691$4,148,166$2,932,395$8,938,145
60$13,494,184$4,297,963$2,977,167$9,692,786
61$14,815,444$4,453,416$3,021,755$10,520,250
62$16,269,735$4,614,749$3,066,100$11,427,858
63$17,870,572$4,782,196$3,110,138$12,423,674
64$19,632,846$4,955,999$3,153,803$13,516,585
65$21,572,965$5,136,412$3,197,025$14,716,378
66$23,709,010$5,323,699$3,239,728$16,033,837
67$26,060,903$5,518,134$3,281,833$17,480,843
68$28,650,597$5,720,004$3,323,256$19,070,486
69$31,502,281$5,929,608$3,363,908$20,817,186
70$34,642,611$6,147,256$3,403,696$22,736,835
71$38,100,957$6,373,272$3,442,520$24,846,937
72$41,909,687$6,607,994$3,480,277$27,166,783
73$46,104,463$6,851,774$3,516,854$29,717,626
74$50,724,586$7,104,979$3,552,137$32,522,882
75$55,813,363$7,367,991$3,586,002$35,608,353
76$61,418,512$7,641,209$3,618,319$39,002,471
77$67,592,621$7,925,049$3,648,954$42,736,560
78$74,393,635$8,219,943$3,677,761$46,845,139
79$81,885,410$8,526,345$3,704,590$51,366,241
80$90,138,310$8,844,724$3,729,282$56,341,776
81$99,229,875$9,175,572$3,751,669$61,817,924
82$109,245,548$9,519,402$3,771,577$67,845,569
83$120,279,489$9,876,747$3,788,820$74,480,783
84$132,435,455$10,248,166$3,803,203$81,785,353
85$145,827,784$10,634,239$3,814,523$89,827,360
86$160,582,475$11,035,572$3,822,566$98,681,829
87$176,838,371$11,452,800$3,827,106$108,431,429
88$194,748,478$11,886,580$3,827,908$119,167,256
89$214,481,403$12,337,603$3,824,723$130,989,695
90$236,222,947$12,806,586$3,817,291$144,009,362
91$260,177,858$13,294,279$3,805,341$158,348,151
92$286,571,765$13,801,464$3,788,585$174,140,384
93$315,653,307$14,328,958$3,766,725$191,534,077
94$347,696,481$14,877,613$3,739,446$210,692,337
95$383,003,223$15,448,318$3,706,420$231,794,902
96$421,906,267$16,042,001$3,667,300$255,039,837
97$464,772,279$16,659,631$3,621,726$280,645,401
98$512,005,317$17,302,219$3,569,320$308,852,112
99$564,050,653$17,970,821$3,509,686$339,925,009
100$621,398,969$18,666,540$3,442,410$374,156,161