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%
1 years$170,939$169,416$167,930$166,481$165,065$163,682
2 years$84,623$83,047$81,520$80,039$78,602$77,208
3 years$55,855$54,272$52,749$51,282$49,868$48,507
4 years$41,474$39,896$38,387$36,945$35,567$34,248
5 years$32,847$31,279$29,790$28,378$27,037$25,765
6 years$27,098$25,541$24,075$22,694$21,394$20,170
7 years$22,993$21,450$20,006$18,658$17,399$16,224
8 years$19,916$18,386$16,967$15,652$14,434$13,308
9 years$17,524$16,009$14,614$13,332$12,155$11,078
10 years$15,611$14,111$12,741$11,492$10,357$9,327
11 years$14,047$12,562$11,217$10,002$8,907$7,925
12 years$12,745$11,275$9,954$8,773$7,719$6,782
13 years$11,644$10,189$8,894$7,745$6,731$5,840
14 years$10,701$9,262$7,991$6,875$5,900$5,053
15 years$9,885$8,461$7,215$6,131$5,195$4,391
16 years$9,171$7,763$6,541$5,490$4,592$3,829
17 years$8,542$7,149$5,952$4,933$4,071$3,348
18 years$7,983$6,606$5,434$4,445$3,620$2,936
19 years$7,484$6,122$4,974$4,017$3,226$2,580
20 years$7,035$5,689$4,565$3,638$2,882$2,272
21 years$6,630$5,299$4,199$3,302$2,579$2,003
22 years$6,262$4,947$3,870$3,002$2,312$1,769
23 years$5,926$4,627$3,573$2,734$2,075$1,565
24 years$5,619$4,335$3,305$2,494$1,865$1,385
25 years$5,337$4,068$3,061$2,277$1,678$1,228
26 years$5,077$3,823$2,839$2,082$1,512$1,089
27 years$4,836$3,598$2,636$1,906$1,363$966
28 years$4,614$3,391$2,451$1,746$1,230$858
29 years$4,407$3,199$2,280$1,601$1,111$763
30 years$4,214$3,021$2,124$1,470$1,003$678
31 years$4,034$2,856$1,980$1,350$907$603
32 years$3,865$2,702$1,848$1,240$821$537
33 years$3,707$2,559$1,725$1,141$743$478
34 years$3,559$2,425$1,612$1,050$672$426
35 years$3,419$2,300$1,507$966$609$379
36 years$3,288$2,183$1,410$890$552$338
37 years$3,164$2,074$1,320$820$500$301
38 years$3,046$1,971$1,236$756$453$268
39 years$2,935$1,874$1,158$697$411$239
40 years$2,830$1,783$1,085$643$373$213
41 years$2,730$1,697$1,017$593$338$190
42 years$2,635$1,616$954$547$307$170
43 years$2,545$1,540$896$505$279$151
44 years$2,459$1,468$841$466$253$135
45 years$2,378$1,400$789$431$230$121
46 years$2,300$1,335$741$398$208$108
47 years$2,225$1,274$697$368$189$96
48 years$2,154$1,217$655$340$172$86
49 years$2,086$1,162$615$314$156$76
50 years$2,021$1,110$578$290$142$68

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 $4,344 every year, while hoping to spend $24,454 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: 29/47/24 Blend
39$2,070,000$2,070,000$2,070,000$2,070,000
40$2,285,621$2,175,911$2,143,826$2,334,711
41$2,492,735$2,256,512$2,189,625$2,453,849
42$2,720,156$2,340,242$2,236,139$2,579,397
43$2,969,928$2,427,230$2,283,366$2,713,872
44$3,244,305$2,517,609$2,331,303$2,858,060
45$3,545,768$2,611,516$2,379,946$3,012,821
46$3,877,053$2,709,097$2,429,291$3,179,099
47$4,241,172$2,810,502$2,479,332$3,357,930
48$4,641,444$2,915,889$2,530,062$3,550,451
49$5,081,526$3,025,422$2,581,473$3,757,909
50$5,565,445$3,139,272$2,633,556$3,981,673
51$6,097,641$3,257,616$2,686,300$4,223,248
52$6,683,003$3,380,642$2,739,694$4,484,285
53$7,326,919$3,508,543$2,793,724$4,766,599
54$8,035,325$3,641,522$2,848,374$5,072,181
55$8,814,763$3,779,791$2,903,629$5,403,224
56$9,672,437$3,923,570$2,959,469$5,762,135
57$10,616,290$4,073,088$3,015,875$6,151,558
58$11,655,069$4,228,587$3,072,825$6,574,404
59$12,798,415$4,390,317$3,130,293$7,033,871
60$14,056,950$4,558,539$3,188,255$7,533,476
61$15,442,378$4,733,527$3,246,680$8,077,087
62$16,967,596$4,915,565$3,305,539$8,668,958
63$18,646,814$5,104,951$3,364,798$9,313,769
64$20,495,690$5,301,995$3,424,421$10,016,669
65$22,531,480$5,507,022$3,484,368$10,783,322
66$24,773,195$5,720,370$3,544,598$11,619,960
67$27,241,785$5,942,392$3,605,066$12,533,442
68$29,960,335$6,173,458$3,665,724$13,531,316
69$32,954,284$6,413,952$3,726,521$14,621,888
70$36,251,663$6,664,278$3,787,401$15,814,302
71$39,883,360$6,924,855$3,848,306$17,118,620
72$43,883,412$7,196,121$3,909,174$18,545,923
73$48,289,325$7,478,537$3,969,936$20,108,406
74$53,142,430$7,772,579$4,030,524$21,819,495
75$58,488,272$8,078,749$4,090,860$23,693,974
76$64,377,036$8,397,569$4,150,864$25,748,119
77$70,864,028$8,729,584$4,210,452$27,999,853
78$78,010,190$9,075,364$4,269,533$30,468,910
79$85,882,678$9,435,506$4,328,012$33,177,022
80$94,555,497$9,810,631$4,385,786$36,148,121
81$104,110,196$10,201,391$4,442,748$39,408,563
82$114,636,641$10,608,463$4,498,784$42,987,375
83$126,233,859$11,032,559$4,553,775$46,916,523
84$139,010,979$11,474,421$4,607,593$51,231,218
85$153,088,255$11,934,824$4,660,103$55,970,240
86$168,598,206$12,414,579$4,711,165$61,176,303
87$185,686,861$12,914,532$4,760,628$66,896,457
88$204,515,147$13,435,570$4,808,334$73,182,528
89$225,260,397$13,978,617$4,854,118$80,091,603
90$248,118,030$14,544,642$4,897,804$87,686,569
91$273,303,396$15,134,657$4,939,207$96,036,700
92$301,053,805$15,749,717$4,978,133$105,218,309
93$331,630,769$16,390,930$5,014,377$115,315,464
94$365,322,473$17,059,451$5,047,724$126,420,780
95$402,446,489$17,756,488$5,077,947$138,636,287
96$443,352,781$18,483,305$5,104,808$152,074,390
97$488,427,001$19,241,224$5,128,056$166,858,927
98$538,094,138$20,031,627$5,147,428$183,126,330
99$592,822,522$20,855,958$5,162,649$201,026,913
100$653,128,248$21,715,729$5,173,426$220,726,284