Can I retire at age 40 with 2,070,000?

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$170,939$169,416$167,930$166,481$165,065$163,341
2 years$84,623$83,047$81,520$80,039$78,602$76,866
3 years$55,855$54,272$52,749$51,282$49,868$48,174
4 years$41,474$39,896$38,387$36,945$35,567$33,927
5 years$32,847$31,279$29,790$28,378$27,037$25,457
6 years$27,098$25,541$24,075$22,694$21,394$19,875
7 years$22,993$21,450$20,006$18,658$17,399$15,943
8 years$19,916$18,386$16,967$15,652$14,434$13,040
9 years$17,524$16,009$14,614$13,332$12,155$10,823
10 years$15,611$14,111$12,741$11,492$10,357$9,085
11 years$14,047$12,562$11,217$10,002$8,907$7,695
12 years$12,745$11,275$9,954$8,773$7,719$6,565
13 years$11,644$10,189$8,894$7,745$6,731$5,635
14 years$10,701$9,262$7,991$6,875$5,900$4,860
15 years$9,885$8,461$7,215$6,131$5,195$4,208
16 years$9,171$7,763$6,541$5,490$4,592$3,657
17 years$8,542$7,149$5,952$4,933$4,071$3,187
18 years$7,983$6,606$5,434$4,445$3,620$2,785
19 years$7,484$6,122$4,974$4,017$3,226$2,438
20 years$7,035$5,689$4,565$3,638$2,882$2,139
21 years$6,630$5,299$4,199$3,302$2,579$1,880
22 years$6,262$4,947$3,870$3,002$2,312$1,654
23 years$5,926$4,627$3,573$2,734$2,075$1,457
24 years$5,619$4,335$3,305$2,494$1,865$1,285
25 years$5,337$4,068$3,061$2,277$1,678$1,134
26 years$5,077$3,823$2,839$2,082$1,512$1,002
27 years$4,836$3,598$2,636$1,906$1,363$886
28 years$4,614$3,391$2,451$1,746$1,230$784
29 years$4,407$3,199$2,280$1,601$1,111$694
30 years$4,214$3,021$2,124$1,470$1,003$614
31 years$4,034$2,856$1,980$1,350$907$544
32 years$3,865$2,702$1,848$1,240$821$482
33 years$3,707$2,559$1,725$1,141$743$428
34 years$3,559$2,425$1,612$1,050$672$379
35 years$3,419$2,300$1,507$966$609$336
36 years$3,288$2,183$1,410$890$552$298
37 years$3,164$2,074$1,320$820$500$265
38 years$3,046$1,971$1,236$756$453$235
39 years$2,935$1,874$1,158$697$411$209
40 years$2,830$1,783$1,085$643$373$185
41 years$2,730$1,697$1,017$593$338$165
42 years$2,635$1,616$954$547$307$146
43 years$2,545$1,540$896$505$279$130
44 years$2,459$1,468$841$466$253$115
45 years$2,378$1,400$789$431$230$102
46 years$2,300$1,335$741$398$208$91
47 years$2,225$1,274$697$368$189$81
48 years$2,154$1,217$655$340$172$72
49 years$2,086$1,162$615$314$156$64
50 years$2,021$1,110$578$290$142$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,070,000, adding $4,571 every year, while hoping to spend $33,627 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: 65/25/10 Blend
39$2,070,000$2,070,000$2,070,000$2,070,000
40$2,285,855$2,176,145$2,144,060$2,429,254
41$2,483,233$2,246,997$2,180,107$2,596,259
42$2,699,617$2,320,194$2,216,235$2,774,277
43$2,936,910$2,395,815$2,252,410$2,967,915
44$3,197,207$2,473,943$2,288,598$3,178,693
45$3,482,818$2,554,661$2,324,762$3,408,284
46$3,796,285$2,638,059$2,360,861$3,658,526
47$4,140,409$2,724,228$2,396,853$3,931,448
48$4,518,277$2,813,261$2,432,694$4,229,279
49$4,933,287$2,905,256$2,468,335$4,554,475
50$5,389,183$3,000,315$2,503,725$4,909,738
51$5,890,091$3,098,542$2,538,811$5,298,047
52$6,440,555$3,200,045$2,573,536$5,722,678
53$7,045,581$3,304,936$2,607,839$6,187,241
54$7,710,684$3,413,332$2,641,655$6,695,710
55$8,441,941$3,525,353$2,674,918$7,252,463
56$9,246,047$3,641,123$2,707,556$7,862,320
57$10,130,376$3,760,771$2,739,492$8,530,590
58$11,103,056$3,884,430$2,770,646$9,263,122
59$12,173,040$4,012,239$2,800,935$10,066,356
60$13,350,193$4,144,342$2,830,269$10,947,388
61$14,645,384$4,280,885$2,858,554$11,914,031
62$16,070,588$4,422,024$2,885,691$12,974,895
63$17,639,002$4,567,917$2,911,575$14,139,462
64$19,365,164$4,718,729$2,936,097$15,418,179
65$21,265,094$4,874,630$2,959,140$16,822,554
66$23,356,446$5,035,799$2,980,583$18,365,266
67$25,658,667$5,202,417$3,000,296$20,060,281
68$28,193,191$5,374,675$3,018,146$21,922,987
69$30,983,633$5,552,770$3,033,990$23,970,336
70$34,056,014$5,736,906$3,047,679$26,221,007
71$37,439,007$5,927,295$3,059,056$28,695,577
72$41,164,208$6,124,154$3,067,957$31,416,719
73$45,266,431$6,327,713$3,074,208$34,409,412
74$49,784,041$6,538,204$3,077,628$37,701,180
75$54,759,311$6,755,874$3,078,026$41,322,348
76$60,238,824$6,980,974$3,075,202$45,306,328
77$66,273,909$7,213,768$3,068,947$49,689,937
78$72,921,131$7,454,526$3,059,040$54,513,739
79$80,242,819$7,703,530$3,045,251$59,822,431
80$88,307,657$7,961,073$3,027,337$65,665,264
81$97,191,331$8,227,458$3,005,045$72,096,504
82$106,977,242$8,503,000$2,978,110$79,175,949
83$117,757,297$8,788,023$2,946,253$86,969,486
84$129,632,771$9,082,866$2,909,182$95,549,719
85$142,715,267$9,387,880$2,866,593$104,996,650
86$157,127,766$9,703,428$2,818,166$115,398,432
87$173,005,790$10,029,887$2,763,566$126,852,204
88$190,498,678$10,367,649$2,702,443$139,465,005
89$209,771,000$10,717,120$2,634,431$153,354,785
90$231,004,103$11,078,721$2,559,146$168,651,515
91$254,397,832$11,452,889$2,476,188$185,498,417
92$280,172,408$11,840,077$2,385,137$204,053,311
93$308,570,509$12,240,756$2,285,555$224,490,106
94$339,859,563$12,655,415$2,176,983$247,000,442
95$374,334,268$13,084,561$2,058,942$271,795,495
96$412,319,378$13,528,718$1,930,931$299,107,972
97$454,172,764$13,988,435$1,792,426$329,194,307
98$500,288,795$14,464,277$1,642,882$362,337,078
99$551,102,059$14,956,834$1,481,725$398,847,677
100$607,091,466$15,466,715$1,308,359$439,069,246