Can I retire at age 40 with 2,160,000?

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$178,371$176,782$175,232$173,719$172,241$170,585
2 years$88,302$86,658$85,064$83,519$82,020$80,351
3 years$58,283$56,632$55,042$53,511$52,037$50,407
4 years$43,277$41,630$40,057$38,552$37,113$35,536
5 years$34,275$32,639$31,085$29,611$28,213$26,692
6 years$28,276$26,652$25,122$23,681$22,324$20,862
7 years$23,993$22,382$20,876$19,469$18,155$16,752
8 years$20,782$19,186$17,705$16,332$15,061$13,718
9 years$18,286$16,705$15,249$13,911$12,684$11,399
10 years$16,290$14,724$13,294$11,992$10,807$9,581
11 years$14,658$13,108$11,704$10,436$9,295$8,125
12 years$13,299$11,765$10,387$9,154$8,055$6,941
13 years$12,150$10,632$9,280$8,082$7,024$5,964
14 years$11,166$9,664$8,338$7,174$6,157$5,151
15 years$10,314$8,829$7,528$6,398$5,421$4,466
16 years$9,570$8,100$6,826$5,729$4,791$3,887
17 years$8,913$7,460$6,211$5,147$4,248$3,392
18 years$8,330$6,893$5,670$4,639$3,777$2,968
19 years$7,809$6,389$5,191$4,191$3,367$2,603
20 years$7,341$5,937$4,764$3,796$3,007$2,287
21 years$6,918$5,530$4,382$3,445$2,691$2,012
22 years$6,534$5,162$4,038$3,133$2,412$1,773
23 years$6,184$4,828$3,729$2,853$2,165$1,564
24 years$5,863$4,523$3,448$2,602$1,946$1,382
25 years$5,569$4,245$3,194$2,376$1,751$1,222
26 years$5,297$3,990$2,962$2,173$1,578$1,081
27 years$5,047$3,755$2,751$1,989$1,422$957
28 years$4,814$3,538$2,557$1,822$1,283$848
29 years$4,598$3,338$2,380$1,671$1,159$752
30 years$4,397$3,152$2,216$1,533$1,047$667
31 years$4,209$2,980$2,066$1,408$947$592
32 years$4,033$2,819$1,928$1,294$856$525
33 years$3,868$2,670$1,800$1,190$775$467
34 years$3,713$2,531$1,682$1,095$702$414
35 years$3,568$2,400$1,573$1,008$636$368
36 years$3,431$2,278$1,471$928$576$327
37 years$3,301$2,164$1,377$855$522$291
38 years$3,179$2,056$1,289$788$473$259
39 years$3,063$1,955$1,208$727$429$230
40 years$2,953$1,860$1,132$671$389$205
41 years$2,849$1,771$1,062$619$353$182
42 years$2,750$1,687$996$571$320$162
43 years$2,656$1,607$935$527$291$144
44 years$2,566$1,532$877$487$264$128
45 years$2,481$1,461$824$449$240$114
46 years$2,400$1,393$774$415$218$102
47 years$2,322$1,330$727$384$198$90
48 years$2,248$1,269$683$354$179$80
49 years$2,177$1,212$642$328$163$72
50 years$2,109$1,158$604$303$148$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,160,000, adding $4,387 every year, while hoping to spend $59,606 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: 26/48/26 Blend
39$2,160,000$2,160,000$2,160,000$2,160,000
40$2,384,845$2,270,365$2,236,885$2,427,288
41$2,564,679$2,318,193$2,248,401$2,509,982
42$2,760,858$2,366,366$2,258,304$2,593,226
43$2,974,987$2,414,839$2,266,478$2,681,303
44$3,208,831$2,463,562$2,272,801$2,774,661
45$3,464,335$2,512,480$2,277,143$2,873,794
46$3,743,639$2,561,533$2,279,369$2,979,251
47$4,049,099$2,610,657$2,279,336$3,091,634
48$4,383,310$2,659,781$2,276,897$3,211,613
49$4,749,127$2,708,831$2,271,893$3,339,926
50$5,149,698$2,757,724$2,264,161$3,477,389
51$5,588,487$2,806,371$2,253,530$3,624,904
52$6,069,307$2,854,678$2,239,818$3,783,468
53$6,596,361$2,902,542$2,222,836$3,954,182
54$7,174,277$2,949,853$2,202,388$4,138,264
55$7,808,149$2,996,492$2,178,265$4,337,058
56$8,503,593$3,042,333$2,150,249$4,552,052
57$9,266,791$3,087,239$2,118,114$4,784,886
58$10,104,554$3,131,064$2,081,621$5,037,375
59$11,024,384$3,173,652$2,040,521$5,311,524
60$12,034,546$3,214,835$1,994,553$5,609,545
61$13,144,143$3,254,435$1,943,443$5,933,884
62$14,363,204$3,292,261$1,886,907$6,287,241
63$15,702,777$3,328,108$1,824,645$6,672,601
64$17,175,034$3,361,760$1,756,345$7,093,255
65$18,793,385$3,392,983$1,681,680$7,552,843
66$20,572,602$3,421,531$1,600,308$8,055,381
67$22,528,962$3,447,141$1,511,872$8,605,303
68$24,680,396$3,469,530$1,416,000$9,207,506
69$27,046,661$3,488,401$1,312,300$9,867,397
70$29,649,524$3,503,437$1,200,366$10,590,941
71$32,512,968$3,514,298$1,079,771$11,384,727
72$35,663,418$3,520,626$950,071$12,256,027
73$39,129,989$3,522,039$810,800$13,212,864
74$42,944,761$3,518,132$661,475$14,264,096
75$47,143,080$3,508,474$501,588$15,419,499
76$51,763,893$3,492,608$330,610$16,689,859
77$56,850,114$3,470,050$147,989$18,087,080
78$62,449,028$3,440,285$0$19,624,297
79$68,612,738$3,402,767$0$21,329,012
80$75,398,654$3,356,920$0$23,248,865
81$82,870,038$3,302,130$0$25,360,572
82$91,096,595$3,237,748$0$27,683,777
83$100,155,136$3,163,086$0$30,240,140
84$110,130,299$3,077,416$0$33,053,545
85$121,115,348$2,979,968$0$36,150,322
86$133,213,052$2,869,925$0$39,559,506
87$146,536,656$2,746,424$0$43,313,106
88$161,210,948$2,608,552$0$47,446,416
89$177,373,435$2,455,341$0$51,998,345
90$195,175,644$2,285,771$0$57,011,794
91$214,784,547$2,098,761$0$62,534,056
92$236,384,139$1,893,168$0$68,617,273
93$260,177,173$1,667,786$0$75,318,929
94$286,387,076$1,421,339$0$82,702,395
95$315,260,051$1,152,478$0$90,837,533
96$347,067,407$859,780$0$99,801,358
97$382,108,114$541,741$0$109,678,773
98$420,711,628$196,772$0$120,563,372
99$463,240,998$0$0$132,558,327
100$510,096,292$0$0$145,870,760