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

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 $2,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$176,719$175,145$173,609$172,110$170,647$169,500
2 years$87,485$85,855$84,276$82,745$81,260$80,104
3 years$57,744$56,107$54,532$53,016$51,555$50,425
4 years$42,876$41,245$39,686$38,195$36,769$35,674
5 years$33,958$32,337$30,798$29,337$27,951$26,894
6 years$28,015$26,405$24,889$23,461$22,117$21,099
7 years$23,771$22,175$20,683$19,289$17,987$17,009
8 years$20,590$19,008$17,541$16,181$14,922$13,983
9 years$18,116$16,550$15,108$13,783$12,567$11,667
10 years$16,139$14,588$13,171$11,881$10,707$9,847
11 years$14,522$12,987$11,596$10,340$9,209$8,387
12 years$13,176$11,656$10,291$9,069$7,980$7,196
13 years$12,038$10,534$9,194$8,007$6,959$6,212
14 years$11,063$9,575$8,261$7,108$6,100$5,389
15 years$10,219$8,747$7,459$6,339$5,371$4,695
16 years$9,481$8,025$6,762$5,676$4,747$4,105
17 years$8,831$7,391$6,154$5,100$4,209$3,601
18 years$8,253$6,829$5,617$4,596$3,742$3,166
19 years$7,737$6,330$5,142$4,153$3,336$2,790
20 years$7,273$5,882$4,719$3,761$2,979$2,464
21 years$6,854$5,479$4,341$3,413$2,666$2,179
22 years$6,473$5,114$4,001$3,104$2,390$1,931
23 years$6,127$4,783$3,694$2,826$2,145$1,712
24 years$5,809$4,481$3,416$2,578$1,928$1,521
25 years$5,517$4,206$3,164$2,354$1,735$1,352
26 years$5,248$3,953$2,935$2,153$1,563$1,203
27 years$5,000$3,720$2,725$1,970$1,409$1,071
28 years$4,770$3,505$2,533$1,805$1,271$954
29 years$4,556$3,307$2,358$1,655$1,148$851
30 years$4,356$3,123$2,196$1,519$1,037$759
31 years$4,170$2,952$2,047$1,395$938$677
32 years$3,996$2,793$1,910$1,282$848$605
33 years$3,832$2,645$1,783$1,179$768$540
34 years$3,679$2,507$1,666$1,085$695$483
35 years$3,535$2,378$1,558$999$630$431
36 years$3,399$2,257$1,457$920$570$386
37 years$3,271$2,144$1,364$848$517$345
38 years$3,149$2,037$1,277$781$469$308
39 years$3,034$1,937$1,197$720$425$276
40 years$2,926$1,843$1,122$664$386$247
41 years$2,823$1,754$1,052$613$350$221
42 years$2,725$1,671$987$566$317$198
43 years$2,631$1,592$926$522$288$177
44 years$2,543$1,518$869$482$261$158
45 years$2,458$1,447$816$445$237$142
46 years$2,377$1,381$766$411$216$127
47 years$2,301$1,317$720$380$196$114
48 years$2,227$1,258$677$351$178$102
49 years$2,157$1,201$636$325$161$91
50 years$2,089$1,147$598$300$147$82

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 $2,557 every year, while hoping to spend $21,403 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: 39/32/29 Blend
39$2,140,000$2,140,000$2,140,000$2,140,000
40$2,360,918$2,247,498$2,214,328$2,432,610
41$2,578,959$2,334,852$2,265,735$2,572,707
42$2,818,522$2,425,770$2,318,147$2,721,941
43$3,081,782$2,520,403$2,371,575$2,882,913
44$3,371,130$2,618,910$2,426,030$3,056,706
45$3,689,205$2,721,456$2,481,521$3,244,514
46$4,038,912$2,828,215$2,538,060$3,447,646
47$4,423,450$2,939,367$2,595,655$3,667,542
48$4,846,348$3,055,102$2,654,315$3,905,782
49$5,311,490$3,175,616$2,714,049$4,164,106
50$5,823,157$3,301,116$2,774,865$4,444,426
51$6,386,066$3,431,818$2,836,769$4,748,842
52$7,005,414$3,567,946$2,899,770$5,079,667
53$7,686,926$3,709,735$2,963,872$5,439,441
54$8,436,911$3,857,431$3,029,081$5,830,960
55$9,262,321$4,011,290$3,095,400$6,257,299
56$10,170,816$4,171,582$3,162,834$6,721,842
57$11,170,835$4,338,585$3,231,385$7,228,310
58$12,271,678$4,512,593$3,301,054$7,780,799
59$13,483,591$4,693,912$3,371,841$8,383,815
60$14,817,866$4,882,862$3,443,746$9,042,320
61$16,286,943$5,079,778$3,516,767$9,761,770
62$17,904,533$5,285,009$3,590,901$10,548,176
63$19,685,741$5,498,920$3,666,141$11,408,149
64$21,647,213$5,721,894$3,742,484$12,348,972
65$23,807,292$5,954,329$3,819,919$13,378,658
66$26,186,188$6,196,644$3,898,439$14,506,033
67$28,806,174$6,449,274$3,978,032$15,740,810
68$31,691,792$6,712,677$4,058,684$17,093,687
69$34,870,086$6,987,329$4,140,381$18,576,444
70$38,370,856$7,273,730$4,223,106$20,202,049
71$42,226,942$7,572,401$4,306,838$21,984,786
72$46,474,529$7,883,888$4,391,556$23,940,384
73$51,153,495$8,208,761$4,477,237$26,086,165
74$56,307,779$8,547,619$4,563,852$28,441,207
75$61,985,804$8,901,084$4,651,373$31,026,521
76$68,240,929$9,269,809$4,739,766$33,865,250
77$75,131,952$9,654,479$4,828,997$36,982,882
78$82,723,669$10,055,806$4,919,027$40,407,493
79$91,087,482$10,474,538$5,009,812$44,170,010
80$100,302,071$10,911,457$5,101,307$48,304,496
81$110,454,145$11,367,381$5,193,464$52,848,476
82$121,639,250$11,843,165$5,286,227$57,843,285
83$133,962,677$12,339,704$5,379,539$63,334,460
84$147,540,455$12,857,934$5,473,338$69,372,162
85$162,500,444$13,398,836$5,567,558$76,011,652
86$178,983,545$13,963,434$5,662,126$83,313,810
87$197,145,025$14,552,800$5,756,966$91,345,703
88$217,155,988$15,168,059$5,851,995$100,181,221
89$239,204,989$15,810,383$5,947,127$109,901,769
90$263,499,808$16,481,003$6,042,266$120,597,033
91$290,269,421$17,181,204$6,137,314$132,365,821
92$319,766,152$17,912,333$6,232,164$145,317,000
93$352,268,061$18,675,799$6,326,703$159,570,512
94$388,081,566$19,473,075$6,420,810$175,258,510
95$427,544,336$20,305,707$6,514,358$192,526,597
96$471,028,481$21,175,309$6,607,212$211,535,200
97$518,944,058$22,083,572$6,699,226$232,461,078
98$571,742,951$23,032,266$6,790,249$255,498,990
99$629,923,129$24,023,243$6,880,119$280,863,528
100$694,033,351$25,058,445$6,968,665$308,791,136