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%16.2%
1 years$178,371$176,782$175,232$173,719$172,241$167,873
2 years$88,302$86,658$85,064$83,519$82,020$77,647
3 years$58,283$56,632$55,042$53,511$52,037$47,797
4 years$43,277$41,630$40,057$38,552$37,113$33,038
5 years$34,275$32,639$31,085$29,611$28,213$24,314
6 years$28,276$26,652$25,122$23,681$22,324$18,605
7 years$23,993$22,382$20,876$19,469$18,155$14,617
8 years$20,782$19,186$17,705$16,332$15,061$11,702
9 years$18,286$16,705$15,249$13,911$12,684$9,501
10 years$16,290$14,724$13,294$11,992$10,807$7,797
11 years$14,658$13,108$11,704$10,436$9,295$6,452
12 years$13,299$11,765$10,387$9,154$8,055$5,375
13 years$12,150$10,632$9,280$8,082$7,024$4,501
14 years$11,166$9,664$8,338$7,174$6,157$3,786
15 years$10,314$8,829$7,528$6,398$5,421$3,196
16 years$9,570$8,100$6,826$5,729$4,791$2,706
17 years$8,913$7,460$6,211$5,147$4,248$2,297
18 years$8,330$6,893$5,670$4,639$3,777$1,954
19 years$7,809$6,389$5,191$4,191$3,367$1,665
20 years$7,341$5,937$4,764$3,796$3,007$1,421
21 years$6,918$5,530$4,382$3,445$2,691$1,214
22 years$6,534$5,162$4,038$3,133$2,412$1,038
23 years$6,184$4,828$3,729$2,853$2,165$889
24 years$5,863$4,523$3,448$2,602$1,946$761
25 years$5,569$4,245$3,194$2,376$1,751$653
26 years$5,297$3,990$2,962$2,173$1,578$560
27 years$5,047$3,755$2,751$1,989$1,422$480
28 years$4,814$3,538$2,557$1,822$1,283$412
29 years$4,598$3,338$2,380$1,671$1,159$354
30 years$4,397$3,152$2,216$1,533$1,047$304
31 years$4,209$2,980$2,066$1,408$947$261
32 years$4,033$2,819$1,928$1,294$856$225
33 years$3,868$2,670$1,800$1,190$775$193
34 years$3,713$2,531$1,682$1,095$702$166
35 years$3,568$2,400$1,573$1,008$636$143
36 years$3,431$2,278$1,471$928$576$123
37 years$3,301$2,164$1,377$855$522$106
38 years$3,179$2,056$1,289$788$473$91
39 years$3,063$1,955$1,208$727$429$78
40 years$2,953$1,860$1,132$671$389$67
41 years$2,849$1,771$1,062$619$353$58
42 years$2,750$1,687$996$571$320$50
43 years$2,656$1,607$935$527$291$43
44 years$2,566$1,532$877$487$264$37
45 years$2,481$1,461$824$449$240$32
46 years$2,400$1,393$774$415$218$27
47 years$2,322$1,330$727$384$198$23
48 years$2,248$1,269$683$354$179$20
49 years$2,177$1,212$642$328$163$17
50 years$2,109$1,158$604$303$148$15

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 $2,312 every year, while hoping to spend $21,215 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: 51/32/17 Blend
39$2,160,000$2,160,000$2,160,000$2,160,000
40$2,382,705$2,268,225$2,234,745$2,492,984
41$2,603,168$2,356,795$2,287,036$2,657,639
42$2,845,408$2,448,995$2,340,368$2,834,154
43$3,111,622$2,544,978$2,394,754$3,025,601
44$3,404,234$2,644,909$2,450,204$3,233,397
45$3,725,912$2,748,955$2,506,732$3,459,102
46$4,079,596$2,857,295$2,564,349$3,704,429
47$4,468,526$2,970,113$2,623,065$3,971,263
48$4,896,269$3,087,603$2,682,892$4,261,677
49$5,366,760$3,209,967$2,743,840$4,577,950
50$5,884,329$3,337,414$2,805,918$4,922,590
51$6,453,750$3,470,167$2,869,136$5,298,354
52$7,080,283$3,608,456$2,933,502$5,708,279
53$7,769,721$3,752,520$2,999,024$6,155,702
54$8,528,451$3,902,612$3,065,710$6,644,298
55$9,363,508$4,058,994$3,133,565$7,178,111
56$10,282,642$4,221,941$3,202,596$7,761,590
57$11,294,396$4,391,741$3,272,808$8,399,633
58$12,408,180$4,568,692$3,344,203$9,097,631
59$13,634,367$4,753,110$3,416,786$9,861,518
60$14,984,381$4,945,321$3,490,557$10,697,827
61$16,470,815$5,145,670$3,565,518$11,613,750
62$18,107,544$5,354,513$3,641,668$12,617,205
63$19,909,855$5,572,225$3,719,006$13,716,909
64$21,894,595$5,799,199$3,797,527$14,922,463
65$24,080,327$6,035,843$3,877,228$16,244,434
66$26,487,507$6,282,586$3,958,102$17,694,463
67$29,138,676$6,539,876$4,040,141$19,285,367
68$32,058,671$6,808,181$4,123,336$21,031,261
69$35,274,863$7,087,989$4,207,676$22,947,691
70$38,817,413$7,379,814$4,293,146$25,051,775
71$42,719,554$7,684,190$4,379,732$27,362,370
72$47,017,911$8,001,678$4,467,416$29,900,245
73$51,752,841$8,332,863$4,556,177$32,688,274
74$56,968,815$8,678,358$4,645,993$35,751,653
75$62,714,840$9,038,803$4,736,840$39,118,135
76$69,044,919$9,414,870$4,828,689$42,818,291
77$76,018,560$9,807,258$4,921,510$46,885,796
78$83,701,341$10,216,701$5,015,268$51,357,747
79$92,165,526$10,643,968$5,109,928$56,275,008
80$101,490,747$11,089,860$5,205,448$61,682,598
81$111,764,757$11,555,217$5,301,784$67,630,109
82$123,084,258$12,040,918$5,398,890$74,172,176
83$135,555,812$12,547,882$5,496,712$81,368,990
84$149,296,849$13,077,072$5,595,196$89,286,861
85$164,436,773$13,629,495$5,694,280$97,998,845
86$181,118,186$14,206,202$5,793,901$107,585,430
87$199,498,233$14,808,298$5,893,989$118,135,290
88$219,750,083$15,436,935$5,994,468$129,746,127
89$242,064,568$16,093,321$6,095,258$142,525,582
90$266,651,979$16,778,719$6,196,275$156,592,252
91$293,744,056$17,494,451$6,297,425$172,076,809
92$323,596,172$18,241,902$6,398,611$189,123,223
93$356,489,746$19,022,520$6,499,730$207,890,128
94$392,734,898$19,837,821$6,600,669$228,552,304
95$432,673,376$20,689,393$6,701,310$251,302,336
96$476,681,784$21,578,897$6,801,527$276,352,416
97$525,175,135$22,508,071$6,901,187$303,936,351
98$578,610,769$23,478,738$7,000,147$334,311,763
99$637,492,673$24,492,801$7,098,257$367,762,515
100$702,376,235$25,552,257$7,195,358$404,601,388