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

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$170,939$169,416$167,930$166,481$165,065$159,398
2 years$84,623$83,047$81,520$80,039$78,602$72,951
3 years$55,855$54,272$52,749$51,282$49,868$44,410
4 years$41,474$39,896$38,387$36,945$35,567$30,343
5 years$32,847$31,279$29,790$28,378$27,037$22,062
6 years$27,098$25,541$24,075$22,694$21,394$16,670
7 years$22,993$21,450$20,006$18,658$17,399$12,927
8 years$19,916$18,386$16,967$15,652$14,434$10,210
9 years$17,524$16,009$14,614$13,332$12,155$8,174
10 years$15,611$14,111$12,741$11,492$10,357$6,612
11 years$14,047$12,562$11,217$10,002$8,907$5,391
12 years$12,745$11,275$9,954$8,773$7,719$4,423
13 years$11,644$10,189$8,894$7,745$6,731$3,647
14 years$10,701$9,262$7,991$6,875$5,900$3,020
15 years$9,885$8,461$7,215$6,131$5,195$2,508
16 years$9,171$7,763$6,541$5,490$4,592$2,089
17 years$8,542$7,149$5,952$4,933$4,071$1,743
18 years$7,983$6,606$5,434$4,445$3,620$1,458
19 years$7,484$6,122$4,974$4,017$3,226$1,221
20 years$7,035$5,689$4,565$3,638$2,882$1,024
21 years$6,630$5,299$4,199$3,302$2,579$859
22 years$6,262$4,947$3,870$3,002$2,312$722
23 years$5,926$4,627$3,573$2,734$2,075$607
24 years$5,619$4,335$3,305$2,494$1,865$510
25 years$5,337$4,068$3,061$2,277$1,678$430
26 years$5,077$3,823$2,839$2,082$1,512$362
27 years$4,836$3,598$2,636$1,906$1,363$305
28 years$4,614$3,391$2,451$1,746$1,230$257
29 years$4,407$3,199$2,280$1,601$1,111$216
30 years$4,214$3,021$2,124$1,470$1,003$182
31 years$4,034$2,856$1,980$1,350$907$154
32 years$3,865$2,702$1,848$1,240$821$130
33 years$3,707$2,559$1,725$1,141$743$109
34 years$3,559$2,425$1,612$1,050$672$92
35 years$3,419$2,300$1,507$966$609$78
36 years$3,288$2,183$1,410$890$552$66
37 years$3,164$2,074$1,320$820$500$55
38 years$3,046$1,971$1,236$756$453$47
39 years$2,935$1,874$1,158$697$411$39
40 years$2,830$1,783$1,085$643$373$33
41 years$2,730$1,697$1,017$593$338$28
42 years$2,635$1,616$954$547$307$24
43 years$2,545$1,540$896$505$279$20
44 years$2,459$1,468$841$466$253$17
45 years$2,378$1,400$789$431$230$14
46 years$2,300$1,335$741$398$208$12
47 years$2,225$1,274$697$368$189$10
48 years$2,154$1,217$655$340$172$9
49 years$2,086$1,162$615$314$156$7
50 years$2,021$1,110$578$290$142$6

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 $4,264 every year, while hoping to spend $45,797 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: 48/26/26 Blend
39$2,070,000$2,070,000$2,070,000$2,070,000
40$2,285,538$2,175,828$2,143,743$2,378,129
41$2,469,936$2,233,716$2,166,831$2,501,401
42$2,671,606$2,292,906$2,189,157$2,630,328
43$2,892,264$2,353,412$2,210,648$2,769,436
44$3,133,796$2,415,251$2,231,226$2,919,707
45$3,398,280$2,478,434$2,250,808$3,082,221
46$3,688,003$2,542,976$2,269,309$3,258,170
47$4,005,486$2,608,888$2,286,638$3,448,865
48$4,353,503$2,676,182$2,302,697$3,655,751
49$4,735,111$2,744,865$2,317,388$3,880,421
50$5,153,676$2,814,947$2,330,604$4,124,629
51$5,612,905$2,886,433$2,342,233$4,390,308
52$6,116,882$2,959,329$2,352,159$4,679,588
53$6,670,106$3,033,639$2,360,259$4,994,817
54$7,277,532$3,109,362$2,366,403$5,338,582
55$7,944,619$3,186,499$2,370,455$5,713,733
56$8,677,378$3,265,046$2,372,274$6,123,412
57$9,482,435$3,344,998$2,371,710$6,571,081
58$10,367,087$3,426,346$2,368,605$7,060,556
59$11,339,372$3,509,079$2,362,796$7,596,044
60$12,408,149$3,593,185$2,354,110$8,182,177
61$13,583,173$3,678,644$2,342,366$8,824,065
62$14,875,196$3,765,437$2,327,375$9,527,338
63$16,296,061$3,853,538$2,308,937$10,298,201
64$17,858,818$3,942,920$2,286,845$11,143,492
65$19,577,843$4,033,549$2,260,880$12,070,750
66$21,468,978$4,125,388$2,230,815$13,088,281
67$23,549,676$4,218,394$2,196,409$14,205,243
68$25,839,168$4,312,520$2,157,413$15,431,728
69$28,358,641$4,407,712$2,113,564$16,778,858
70$31,131,442$4,503,910$2,064,589$18,258,894
71$34,183,297$4,601,049$2,010,200$19,885,347
72$37,542,548$4,699,055$1,950,097$21,673,111
73$41,240,429$4,797,850$1,883,966$23,638,600
74$45,311,353$4,897,344$1,811,479$25,799,905
75$49,793,239$4,997,443$1,732,292$28,176,967
76$54,727,872$5,098,040$1,646,046$30,791,762
77$60,161,293$5,199,021$1,552,366$33,668,514
78$66,144,235$5,300,263$1,450,861$36,833,918
79$72,732,601$5,401,631$1,341,119$40,317,398
80$79,987,992$5,502,977$1,222,712$44,151,386
81$87,978,289$5,604,144$1,095,195$48,371,622
82$96,778,289$5,704,961$958,098$53,017,502
83$106,470,414$5,805,245$810,934$58,132,441
84$117,145,490$5,904,795$653,194$63,764,291
85$128,903,599$6,003,399$484,345$69,965,792
86$141,855,027$6,100,826$303,831$76,795,069
87$156,121,303$6,196,830$111,073$84,316,183
88$171,836,347$6,291,146$0$92,599,737
89$189,147,731$6,383,489$0$101,749,799
90$208,218,075$6,473,555$0$111,860,464
91$229,226,579$6,561,019$0$122,995,586
92$252,370,713$6,645,532$0$135,259,522
93$277,868,084$6,726,722$0$148,767,275
94$305,958,487$6,804,189$0$163,645,576
95$336,906,168$6,877,510$0$180,034,084
96$371,002,320$6,946,231$0$198,086,703
97$408,567,829$7,009,869$0$217,973,035
98$449,956,303$7,067,908$0$239,879,984
99$495,557,410$7,119,799$0$264,013,515
100$545,800,555$7,164,959$0$290,600,607