Can I retire at age 40 with 2,140,000?

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 $2,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$176,719$175,145$173,609$172,110$170,647$165,052
2 years$87,485$85,855$84,276$82,745$81,260$75,677
3 years$57,744$56,107$54,532$53,016$51,555$46,159
4 years$42,876$41,245$39,686$38,195$36,769$31,601
5 years$33,958$32,337$30,798$29,337$27,951$23,025
6 years$28,015$26,405$24,889$23,461$22,117$17,437
7 years$23,771$22,175$20,683$19,289$17,987$13,552
8 years$20,590$19,008$17,541$16,181$14,922$10,729
9 years$18,116$16,550$15,108$13,783$12,567$8,611
10 years$16,139$14,588$13,171$11,881$10,707$6,983
11 years$14,522$12,987$11,596$10,340$9,209$5,708
12 years$13,176$11,656$10,291$9,069$7,980$4,696
13 years$12,038$10,534$9,194$8,007$6,959$3,883
14 years$11,063$9,575$8,261$7,108$6,100$3,223
15 years$10,219$8,747$7,459$6,339$5,371$2,685
16 years$9,481$8,025$6,762$5,676$4,747$2,243
17 years$8,831$7,391$6,154$5,100$4,209$1,877
18 years$8,253$6,829$5,617$4,596$3,742$1,574
19 years$7,737$6,330$5,142$4,153$3,336$1,322
20 years$7,273$5,882$4,719$3,761$2,979$1,112
21 years$6,854$5,479$4,341$3,413$2,666$936
22 years$6,473$5,114$4,001$3,104$2,390$789
23 years$6,127$4,783$3,694$2,826$2,145$665
24 years$5,809$4,481$3,416$2,578$1,928$562
25 years$5,517$4,206$3,164$2,354$1,735$474
26 years$5,248$3,953$2,935$2,153$1,563$400
27 years$5,000$3,720$2,725$1,970$1,409$338
28 years$4,770$3,505$2,533$1,805$1,271$286
29 years$4,556$3,307$2,358$1,655$1,148$242
30 years$4,356$3,123$2,196$1,519$1,037$205
31 years$4,170$2,952$2,047$1,395$938$173
32 years$3,996$2,793$1,910$1,282$848$146
33 years$3,832$2,645$1,783$1,179$768$124
34 years$3,679$2,507$1,666$1,085$695$105
35 years$3,535$2,378$1,558$999$630$89
36 years$3,399$2,257$1,457$920$570$75
37 years$3,271$2,144$1,364$848$517$64
38 years$3,149$2,037$1,277$781$469$54
39 years$3,034$1,937$1,197$720$425$46
40 years$2,926$1,843$1,122$664$386$39
41 years$2,823$1,754$1,052$613$350$33
42 years$2,725$1,671$987$566$317$28
43 years$2,631$1,592$926$522$288$23
44 years$2,543$1,518$869$482$261$20
45 years$2,458$1,447$816$445$237$17
46 years$2,377$1,381$766$411$216$14
47 years$2,301$1,317$720$380$196$12
48 years$2,227$1,258$677$351$178$10
49 years$2,157$1,201$636$325$161$9
50 years$2,089$1,147$598$300$147$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,140,000, adding $2,608 every year, while hoping to spend $35,561 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: 48/28/24 Blend
39$2,140,000$2,140,000$2,140,000$2,140,000
40$2,360,970$2,247,550$2,214,380$2,458,074
41$2,563,952$2,319,843$2,250,725$2,598,558
42$2,786,447$2,394,487$2,287,096$2,747,279
43$3,030,407$2,471,559$2,323,456$2,908,067
44$3,297,982$2,551,140$2,359,766$3,082,075
45$3,591,543$2,633,312$2,395,984$3,270,568
46$3,913,697$2,718,160$2,432,066$3,474,941
47$4,267,318$2,805,775$2,467,965$3,696,730
48$4,655,574$2,896,247$2,503,631$3,937,624
49$5,081,951$2,989,672$2,539,011$4,199,481
50$5,550,291$3,086,147$2,574,049$4,484,349
51$6,064,826$3,185,773$2,608,685$4,794,483
52$6,630,219$3,288,656$2,642,856$5,132,362
53$7,251,604$3,394,904$2,676,495$5,500,720
54$7,934,643$3,504,629$2,709,532$5,902,565
55$8,685,567$3,617,947$2,741,892$6,341,210
56$9,511,246$3,734,977$2,773,497$6,820,305
57$10,419,246$3,855,844$2,804,262$7,343,867
58$11,417,904$3,980,675$2,834,100$7,916,322
59$12,516,406$4,109,605$2,862,918$8,542,546
60$13,724,873$4,242,768$2,890,619$9,227,908
61$15,054,455$4,380,309$2,917,100$9,978,322
62$16,517,437$4,522,372$2,942,251$10,800,303
63$18,127,359$4,669,111$2,965,959$11,701,029
64$19,899,134$4,820,682$2,988,103$12,688,406
65$21,849,197$4,977,247$3,008,557$13,771,144
66$23,995,659$5,138,976$3,027,186$14,958,837
67$26,358,471$5,306,041$3,043,853$16,262,058
68$28,959,621$5,478,623$3,058,407$17,692,452
69$31,823,335$5,656,908$3,070,696$19,262,850
70$34,976,307$5,841,088$3,080,557$20,987,391
71$38,447,953$6,031,364$3,087,818$22,881,648
72$42,270,684$6,227,941$3,092,300$24,962,784
73$46,480,217$6,431,033$3,093,815$27,249,707
74$51,115,907$6,640,861$3,092,165$29,763,251
75$56,221,120$6,857,654$3,087,144$32,526,370
76$61,843,644$7,081,649$3,078,533$35,564,358
77$68,036,136$7,313,090$3,066,104$38,905,084
78$74,856,623$7,552,232$3,049,619$42,579,258
79$82,369,044$7,799,338$3,028,827$46,620,717
80$90,643,859$8,054,678$3,003,466$51,066,745
81$99,758,711$8,318,535$2,973,260$55,958,427
82$109,799,156$8,591,200$2,937,921$61,341,034
83$120,859,476$8,872,975$2,897,147$67,264,451
84$133,043,564$9,164,172$2,850,623$73,783,647
85$146,465,906$9,465,115$2,798,018$80,959,194
86$161,252,662$9,776,139$2,738,985$88,857,837
87$177,542,855$10,097,592$2,673,162$97,553,129
88$195,489,684$10,429,831$2,600,171$107,126,115
89$215,261,970$10,773,231$2,519,615$117,666,107
90$237,045,747$11,128,175$2,431,078$129,271,521
91$261,046,022$11,495,064$2,334,128$142,050,807
92$287,488,705$11,874,312$2,228,310$156,123,472
93$316,622,746$12,266,346$2,113,151$171,621,208
94$348,722,480$12,671,611$1,988,156$188,689,137
95$384,090,220$13,090,566$1,852,806$207,487,176
96$423,059,107$13,523,689$1,706,560$228,191,551
97$465,996,260$13,971,473$1,548,853$250,996,456
98$513,306,233$14,434,430$1,379,094$276,115,891
99$565,434,841$14,913,090$1,196,666$303,785,676
100$622,873,366$15,408,003$1,000,926$334,265,682