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%
1 years$170,939$169,416$167,930$166,481$165,065$163,613
2 years$84,623$83,047$81,520$80,039$78,602$77,140
3 years$55,855$54,272$52,749$51,282$49,868$48,440
4 years$41,474$39,896$38,387$36,945$35,567$34,183
5 years$32,847$31,279$29,790$28,378$27,037$25,703
6 years$27,098$25,541$24,075$22,694$21,394$20,111
7 years$22,993$21,450$20,006$18,658$17,399$16,167
8 years$19,916$18,386$16,967$15,652$14,434$13,254
9 years$17,524$16,009$14,614$13,332$12,155$11,026
10 years$15,611$14,111$12,741$11,492$10,357$9,278
11 years$14,047$12,562$11,217$10,002$8,907$7,878
12 years$12,745$11,275$9,954$8,773$7,719$6,739
13 years$11,644$10,189$8,894$7,745$6,731$5,798
14 years$10,701$9,262$7,991$6,875$5,900$5,014
15 years$9,885$8,461$7,215$6,131$5,195$4,354
16 years$9,171$7,763$6,541$5,490$4,592$3,794
17 years$8,542$7,149$5,952$4,933$4,071$3,316
18 years$7,983$6,606$5,434$4,445$3,620$2,905
19 years$7,484$6,122$4,974$4,017$3,226$2,551
20 years$7,035$5,689$4,565$3,638$2,882$2,245
21 years$6,630$5,299$4,199$3,302$2,579$1,978
22 years$6,262$4,947$3,870$3,002$2,312$1,746
23 years$5,926$4,627$3,573$2,734$2,075$1,543
24 years$5,619$4,335$3,305$2,494$1,865$1,365
25 years$5,337$4,068$3,061$2,277$1,678$1,208
26 years$5,077$3,823$2,839$2,082$1,512$1,071
27 years$4,836$3,598$2,636$1,906$1,363$950
28 years$4,614$3,391$2,451$1,746$1,230$843
29 years$4,407$3,199$2,280$1,601$1,111$748
30 years$4,214$3,021$2,124$1,470$1,003$665
31 years$4,034$2,856$1,980$1,350$907$591
32 years$3,865$2,702$1,848$1,240$821$526
33 years$3,707$2,559$1,725$1,141$743$467
34 years$3,559$2,425$1,612$1,050$672$416
35 years$3,419$2,300$1,507$966$609$370
36 years$3,288$2,183$1,410$890$552$330
37 years$3,164$2,074$1,320$820$500$293
38 years$3,046$1,971$1,236$756$453$261
39 years$2,935$1,874$1,158$697$411$233
40 years$2,830$1,783$1,085$643$373$207
41 years$2,730$1,697$1,017$593$338$185
42 years$2,635$1,616$954$547$307$165
43 years$2,545$1,540$896$505$279$147
44 years$2,459$1,468$841$466$253$131
45 years$2,378$1,400$789$431$230$117
46 years$2,300$1,335$741$398$208$104
47 years$2,225$1,274$697$368$189$93
48 years$2,154$1,217$655$340$172$83
49 years$2,086$1,162$615$314$156$74
50 years$2,021$1,110$578$290$142$66

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 $6,943 every year, while hoping to spend $22,661 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: 39/49/12 Blend
39$2,070,000$2,070,000$2,070,000$2,070,000
40$2,288,302$2,178,592$2,146,507$2,369,008
41$2,497,597$2,261,232$2,194,304$2,509,486
42$2,727,482$2,347,161$2,242,942$2,658,538
43$2,980,031$2,436,518$2,292,427$2,819,199
44$3,257,532$2,529,445$2,342,761$2,992,526
45$3,562,504$2,626,092$2,393,948$3,179,679
46$3,897,724$2,726,615$2,445,989$3,381,932
47$4,266,250$2,831,177$2,498,887$3,600,684
48$4,671,450$2,939,948$2,552,643$3,837,468
49$5,117,037$3,053,104$2,607,256$4,093,973
50$5,607,100$3,170,832$2,662,724$4,372,051
51$6,146,146$3,293,324$2,719,047$4,673,738
52$6,739,139$3,420,783$2,776,221$5,001,271
53$7,391,549$3,553,419$2,834,242$5,357,108
54$8,109,403$3,691,453$2,893,105$5,743,952
55$8,899,341$3,835,113$2,952,803$6,164,776
56$9,768,680$3,984,640$3,013,329$6,622,845
57$10,725,483$4,140,285$3,074,673$7,121,752
58$11,778,632$4,302,308$3,136,824$7,665,449
59$12,937,915$4,470,985$3,199,771$8,258,281
60$14,214,118$4,646,598$3,263,499$8,905,028
61$15,619,125$4,829,448$3,327,992$9,610,950
62$17,166,030$5,019,846$3,393,234$10,381,832
63$18,869,262$5,218,116$3,459,205$11,224,041
64$20,744,722$5,424,598$3,525,884$12,144,581
65$22,809,929$5,639,649$3,593,246$13,151,163
66$25,084,188$5,863,637$3,661,266$14,252,271
67$27,588,772$6,096,953$3,729,915$15,457,243
68$30,347,122$6,339,999$3,799,163$16,776,359
69$33,385,070$6,593,201$3,868,976$18,220,933
70$36,731,079$6,856,999$3,939,318$19,803,422
71$40,416,513$7,131,856$4,010,150$21,537,539
72$44,475,936$7,418,256$4,081,429$23,438,380
73$48,947,434$7,716,702$4,153,109$25,522,570
74$53,872,975$8,027,724$4,225,141$27,808,409
75$59,298,808$8,351,872$4,297,473$30,316,053
76$65,275,896$8,689,723$4,370,047$33,067,693
77$71,860,398$9,041,880$4,442,805$36,087,769
78$79,114,199$9,408,973$4,515,680$39,403,192
79$87,105,496$9,791,661$4,588,603$43,043,604
80$95,909,437$10,190,633$4,661,502$47,041,645
81$105,608,834$10,606,608$4,734,296$51,433,268
82$116,294,943$11,040,341$4,806,904$56,258,069
83$128,068,327$11,492,617$4,879,235$61,559,663
84$141,039,802$11,964,261$4,951,195$67,386,087
85$155,331,486$12,456,133$5,022,683$73,790,256
86$171,077,948$12,969,134$5,093,594$80,830,454
87$188,427,483$13,504,206$5,163,813$88,570,886
88$207,543,507$14,062,333$5,233,222$97,082,276
89$228,606,103$14,644,546$5,301,693$106,442,535
90$251,813,718$15,251,921$5,369,093$116,737,488
91$277,385,039$15,885,587$5,435,279$128,061,684
92$305,561,053$16,546,721$5,500,101$140,519,283
93$336,607,327$17,236,557$5,563,401$154,225,035
94$370,816,511$17,956,385$5,625,012$169,305,356
95$408,511,102$18,707,554$5,684,756$185,899,522
96$450,046,487$19,491,477$5,742,448$204,160,974
97$495,814,300$20,309,631$5,797,892$224,258,763
98$546,246,117$21,163,561$5,850,879$246,379,142
99$601,817,530$22,054,884$5,901,192$270,727,314
100$663,052,638$22,985,293$5,948,602$297,529,369