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

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 $2,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$175,068$173,508$171,987$170,502$169,052$162,409
2 years$86,667$85,053$83,489$81,972$80,501$73,889
3 years$57,204$55,583$54,023$52,520$51,073$44,701
4 years$42,476$40,859$39,315$37,838$36,426$30,342
5 years$33,641$32,034$30,510$29,063$27,690$21,910
6 years$27,753$26,158$24,656$23,242$21,910$16,438
7 years$23,549$21,968$20,490$19,109$17,819$12,652
8 years$20,397$18,830$17,377$16,030$14,783$9,916
9 years$17,947$16,395$14,967$13,654$12,449$7,876
10 years$15,988$14,452$13,048$11,770$10,607$6,319
11 years$14,387$12,865$11,488$10,243$9,123$5,108
12 years$13,053$11,547$10,195$8,985$7,905$4,155
13 years$11,925$10,435$9,108$7,932$6,894$3,396
14 years$10,960$9,486$8,184$7,041$6,043$2,786
15 years$10,123$8,665$7,389$6,280$5,321$2,293
16 years$9,392$7,950$6,699$5,623$4,702$1,891
17 years$8,748$7,322$6,096$5,052$4,170$1,564
18 years$8,176$6,766$5,565$4,553$3,707$1,295
19 years$7,665$6,270$5,094$4,114$3,304$1,074
20 years$7,205$5,827$4,675$3,726$2,952$891
21 years$6,790$5,427$4,300$3,381$2,641$741
22 years$6,413$5,066$3,964$3,075$2,368$616
23 years$6,069$4,738$3,660$2,800$2,125$512
24 years$5,755$4,440$3,385$2,554$1,910$427
25 years$5,466$4,166$3,135$2,332$1,719$355
26 years$5,199$3,916$2,907$2,132$1,548$296
27 years$4,953$3,685$2,700$1,952$1,396$247
28 years$4,725$3,472$2,510$1,788$1,260$206
29 years$4,513$3,276$2,336$1,640$1,137$172
30 years$4,315$3,094$2,175$1,505$1,028$143
31 years$4,131$2,925$2,028$1,382$929$119
32 years$3,958$2,767$1,892$1,270$840$100
33 years$3,797$2,621$1,767$1,168$761$83
34 years$3,645$2,484$1,651$1,075$689$69
35 years$3,502$2,356$1,543$989$624$58
36 years$3,367$2,236$1,444$911$565$48
37 years$3,240$2,124$1,351$840$512$40
38 years$3,120$2,018$1,266$774$464$34
39 years$3,006$1,919$1,186$714$421$28
40 years$2,898$1,826$1,111$658$382$23
41 years$2,796$1,738$1,042$607$347$20
42 years$2,699$1,655$977$560$314$16
43 years$2,607$1,577$917$517$285$14
44 years$2,519$1,503$861$478$259$11
45 years$2,435$1,434$808$441$235$9
46 years$2,355$1,368$759$407$214$8
47 years$2,279$1,305$713$376$194$7
48 years$2,206$1,246$670$348$176$6
49 years$2,137$1,190$630$321$160$5
50 years$2,070$1,137$592$297$145$4

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 $4,115 every year, while hoping to spend $39,147 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: 82/9/9 Blend
39$2,120,000$2,120,000$2,120,000$2,120,000
40$2,340,485$2,228,125$2,195,265$2,529,119
41$2,537,562$2,295,651$2,227,154$2,720,727
42$2,753,429$2,365,173$2,258,799$2,925,419
43$2,989,961$2,436,749$2,290,152$3,148,956
44$3,249,224$2,510,437$2,321,158$3,393,204
45$3,533,491$2,586,294$2,351,764$3,660,219
46$3,845,269$2,664,384$2,381,909$3,952,266
47$4,187,315$2,744,768$2,411,532$4,271,836
48$4,562,670$2,827,510$2,440,567$4,621,678
49$4,974,681$2,912,677$2,468,944$5,004,816
50$5,427,035$3,000,335$2,496,591$5,424,582
51$5,923,795$3,090,554$2,523,429$5,884,646
52$6,469,436$3,183,404$2,549,377$6,389,051
53$7,068,886$3,278,959$2,574,349$6,942,251
54$7,727,576$3,377,292$2,598,254$7,549,151
55$8,451,490$3,478,480$2,620,997$8,215,155
56$9,247,217$3,582,601$2,642,475$8,946,218
57$10,122,019$3,689,735$2,662,584$9,748,900
58$11,083,896$3,799,963$2,681,212$10,630,426
59$12,141,662$3,913,369$2,698,241$11,598,758
60$13,305,027$4,030,039$2,713,547$12,662,668
61$14,584,689$4,150,061$2,727,000$13,831,821
62$15,992,438$4,273,524$2,738,465$15,116,863
63$17,541,260$4,400,521$2,747,798$16,529,528
64$19,245,467$4,531,144$2,754,847$18,082,742
65$21,120,825$4,665,491$2,759,455$19,790,746
66$23,184,708$4,803,658$2,761,455$21,669,235
67$25,456,257$4,945,747$2,760,673$23,735,500
68$27,956,566$5,091,859$2,756,927$26,008,593
69$30,708,876$5,242,100$2,750,023$28,509,508
70$33,738,794$5,396,576$2,739,762$31,261,378
71$37,074,539$5,555,396$2,725,932$34,289,692
72$40,747,203$5,718,672$2,708,312$37,622,537
73$44,791,047$5,886,516$2,686,670$41,290,862
74$49,243,824$6,059,045$2,660,763$45,328,770
75$54,147,133$6,236,377$2,630,337$49,773,840
76$59,546,813$6,418,632$2,595,126$54,667,481
77$65,493,375$6,605,933$2,554,850$60,055,324
78$72,042,480$6,798,404$2,509,218$65,987,648
79$79,255,460$6,996,173$2,457,924$72,519,862
80$87,199,900$7,199,369$2,400,648$79,713,021
81$95,950,276$7,408,123$2,337,055$87,634,404
82$105,588,653$7,622,570$2,266,796$96,358,151
83$116,205,465$7,842,846$2,189,503$105,965,960
84$127,900,366$8,069,088$2,104,794$116,547,860
85$140,783,167$8,301,438$2,012,269$128,203,058
86$154,974,879$8,540,037$1,911,509$141,040,878
87$170,608,847$8,785,029$1,802,075$155,181,790
88$187,832,017$9,036,563$1,683,512$170,758,552
89$206,806,313$9,294,785$1,555,340$187,917,455
90$227,710,173$9,559,846$1,417,060$206,819,711
91$250,740,230$9,831,897$1,268,151$227,642,971
92$276,113,167$10,111,094$1,108,067$250,583,004
93$304,067,763$10,397,590$936,240$275,855,542
94$334,867,145$10,691,543$752,075$303,698,317
95$368,801,275$10,993,110$554,951$334,373,308
96$406,189,684$11,302,451$344,220$368,169,211
97$447,384,487$11,619,726$119,207$405,404,165
98$492,773,708$11,945,096$0$446,428,754
99$542,784,944$12,278,724$0$491,640,930
100$597,889,398$12,620,771$0$541,467,797