Can I retire at age 40 with 2,120,000?

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 $2,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$175,068$173,508$171,987$170,502$169,052$164,035
2 years$86,667$85,053$83,489$81,972$80,501$75,488
3 years$57,204$55,583$54,023$52,520$51,073$46,221
4 years$42,476$40,859$39,315$37,838$36,426$31,772
5 years$33,641$32,034$30,510$29,063$27,690$23,247
6 years$27,753$26,158$24,656$23,242$21,910$17,682
7 years$23,549$21,968$20,490$19,109$17,819$13,806
8 years$20,397$18,830$17,377$16,030$14,783$10,982
9 years$17,947$16,395$14,967$13,654$12,449$8,857
10 years$15,988$14,452$13,048$11,770$10,607$7,218
11 years$14,387$12,865$11,488$10,243$9,123$5,931
12 years$13,053$11,547$10,195$8,985$7,905$4,905
13 years$11,925$10,435$9,108$7,932$6,894$4,078
14 years$10,960$9,486$8,184$7,041$6,043$3,404
15 years$10,123$8,665$7,389$6,280$5,321$2,852
16 years$9,392$7,950$6,699$5,623$4,702$2,396
17 years$8,748$7,322$6,096$5,052$4,170$2,017
18 years$8,176$6,766$5,565$4,553$3,707$1,702
19 years$7,665$6,270$5,094$4,114$3,304$1,438
20 years$7,205$5,827$4,675$3,726$2,952$1,217
21 years$6,790$5,427$4,300$3,381$2,641$1,031
22 years$6,413$5,066$3,964$3,075$2,368$874
23 years$6,069$4,738$3,660$2,800$2,125$742
24 years$5,755$4,440$3,385$2,554$1,910$630
25 years$5,466$4,166$3,135$2,332$1,719$535
26 years$5,199$3,916$2,907$2,132$1,548$455
27 years$4,953$3,685$2,700$1,952$1,396$387
28 years$4,725$3,472$2,510$1,788$1,260$329
29 years$4,513$3,276$2,336$1,640$1,137$280
30 years$4,315$3,094$2,175$1,505$1,028$239
31 years$4,131$2,925$2,028$1,382$929$203
32 years$3,958$2,767$1,892$1,270$840$173
33 years$3,797$2,621$1,767$1,168$761$147
34 years$3,645$2,484$1,651$1,075$689$126
35 years$3,502$2,356$1,543$989$624$107
36 years$3,367$2,236$1,444$911$565$91
37 years$3,240$2,124$1,351$840$512$78
38 years$3,120$2,018$1,266$774$464$66
39 years$3,006$1,919$1,186$714$421$56
40 years$2,898$1,826$1,111$658$382$48
41 years$2,796$1,738$1,042$607$347$41
42 years$2,699$1,655$977$560$314$35
43 years$2,607$1,577$917$517$285$30
44 years$2,519$1,503$861$478$259$25
45 years$2,435$1,434$808$441$235$22
46 years$2,355$1,368$759$407$214$18
47 years$2,279$1,305$713$376$194$16
48 years$2,206$1,246$670$348$176$13
49 years$2,137$1,190$630$321$160$11
50 years$2,070$1,137$592$297$145$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,120,000, adding $3,662 every year, while hoping to spend $46,113 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: 45/26/29 Blend
39$2,120,000$2,120,000$2,120,000$2,120,000
40$2,340,017$2,227,657$2,194,797$2,425,541
41$2,529,635$2,287,749$2,219,259$2,546,906
42$2,737,049$2,349,239$2,242,995$2,673,753
43$2,964,024$2,412,148$2,265,932$2,810,451
44$3,212,506$2,476,495$2,287,992$2,957,948
45$3,484,638$2,542,299$2,309,096$3,117,286
46$3,782,777$2,609,578$2,329,157$3,289,615
47$4,109,522$2,678,349$2,348,085$3,476,201
48$4,467,733$2,748,628$2,365,786$3,678,438
49$4,860,561$2,820,430$2,382,159$3,897,863
50$5,291,477$2,893,770$2,397,100$4,136,171
51$5,764,304$2,968,660$2,410,499$4,395,226
52$6,283,251$3,045,113$2,422,239$4,677,087
53$6,852,957$3,123,138$2,432,198$4,984,018
54$7,478,530$3,202,744$2,440,248$5,318,518
55$8,165,599$3,283,937$2,446,256$5,683,338
56$8,920,363$3,366,723$2,450,079$6,081,514
57$9,749,653$3,451,105$2,451,568$6,516,387
58$10,660,991$3,537,082$2,450,569$6,991,644
59$11,662,667$3,624,655$2,446,919$7,511,344
60$12,763,813$3,713,817$2,440,445$8,079,965
61$13,974,490$3,804,562$2,430,968$8,702,440
62$15,305,783$3,896,880$2,418,299$9,384,206
63$16,769,903$3,990,757$2,402,243$10,131,257
64$18,380,305$4,086,177$2,382,590$10,950,199
65$20,151,815$4,183,118$2,359,125$11,848,313
66$22,100,765$4,281,555$2,331,621$12,833,624
67$24,245,152$4,381,460$2,299,839$13,914,978
68$26,604,805$4,482,800$2,263,531$15,102,124
69$29,201,571$4,585,534$2,222,436$16,405,807
70$32,059,526$4,689,619$2,176,282$17,837,874
71$35,205,192$4,795,005$2,124,782$19,411,377
72$38,667,797$4,901,636$2,067,638$21,140,707
73$42,479,546$5,009,450$2,004,538$23,041,722
74$46,675,924$5,118,377$1,935,154$25,131,905
75$51,296,032$5,228,341$1,859,145$27,430,520
76$56,382,954$5,339,256$1,776,153$29,958,806
77$61,984,167$5,451,031$1,685,805$32,740,166
78$68,151,982$5,563,562$1,587,710$35,800,400
79$74,944,046$5,676,738$1,481,460$39,167,940
80$82,423,878$5,790,438$1,366,629$42,874,126
81$90,661,473$5,904,528$1,242,770$46,953,498
82$99,733,958$6,018,865$1,109,417$51,444,125
83$109,726,325$6,133,293$966,086$56,387,967
84$120,732,227$6,247,642$812,268$61,831,269
85$132,854,867$6,361,729$647,431$67,824,999
86$146,207,967$6,475,357$471,023$74,425,333
87$160,916,843$6,588,312$282,466$81,694,186
88$177,119,588$6,700,366$81,155$89,699,792
89$194,968,373$6,811,272$0$98,517,360
90$214,630,886$6,920,763$0$108,271,140
91$236,291,911$7,028,555$0$119,040,607
92$260,155,073$7,134,341$0$130,901,516
93$286,444,762$7,237,796$0$143,965,050
94$315,408,246$7,338,566$0$158,353,732
95$347,318,009$7,436,277$0$174,202,582
96$382,474,317$7,530,527$0$191,660,393
97$421,208,061$7,620,885$0$210,891,132
98$463,883,869$7,706,895$0$232,075,493
99$510,903,556$7,788,065$0$255,412,599
100$562,709,912$7,863,874$0$281,121,887