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

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$178,371$176,782$175,232$173,719$172,241$168,626
2 years$88,302$86,658$85,064$83,519$82,020$78,394
3 years$58,283$56,632$55,042$53,511$52,037$48,514
4 years$43,277$41,630$40,057$38,552$37,113$33,721
5 years$34,275$32,639$31,085$29,611$28,213$24,960
6 years$28,276$26,652$25,122$23,681$22,324$19,215
7 years$23,993$22,382$20,876$19,469$18,155$15,190
8 years$20,782$19,186$17,705$16,332$15,061$12,239
9 years$18,286$16,705$15,249$13,911$12,684$10,003
10 years$16,290$14,724$13,294$11,992$10,807$8,265
11 years$14,658$13,108$11,704$10,436$9,295$6,887
12 years$13,299$11,765$10,387$9,154$8,055$5,779
13 years$12,150$10,632$9,280$8,082$7,024$4,875
14 years$11,166$9,664$8,338$7,174$6,157$4,132
15 years$10,314$8,829$7,528$6,398$5,421$3,515
16 years$9,570$8,100$6,826$5,729$4,791$3,000
17 years$8,913$7,460$6,211$5,147$4,248$2,566
18 years$8,330$6,893$5,670$4,639$3,777$2,201
19 years$7,809$6,389$5,191$4,191$3,367$1,890
20 years$7,341$5,937$4,764$3,796$3,007$1,627
21 years$6,918$5,530$4,382$3,445$2,691$1,401
22 years$6,534$5,162$4,038$3,133$2,412$1,209
23 years$6,184$4,828$3,729$2,853$2,165$1,044
24 years$5,863$4,523$3,448$2,602$1,946$902
25 years$5,569$4,245$3,194$2,376$1,751$780
26 years$5,297$3,990$2,962$2,173$1,578$675
27 years$5,047$3,755$2,751$1,989$1,422$584
28 years$4,814$3,538$2,557$1,822$1,283$506
29 years$4,598$3,338$2,380$1,671$1,159$439
30 years$4,397$3,152$2,216$1,533$1,047$380
31 years$4,209$2,980$2,066$1,408$947$330
32 years$4,033$2,819$1,928$1,294$856$286
33 years$3,868$2,670$1,800$1,190$775$248
34 years$3,713$2,531$1,682$1,095$702$215
35 years$3,568$2,400$1,573$1,008$636$187
36 years$3,431$2,278$1,471$928$576$162
37 years$3,301$2,164$1,377$855$522$141
38 years$3,179$2,056$1,289$788$473$122
39 years$3,063$1,955$1,208$727$429$106
40 years$2,953$1,860$1,132$671$389$92
41 years$2,849$1,771$1,062$619$353$80
42 years$2,750$1,687$996$571$320$69
43 years$2,656$1,607$935$527$291$60
44 years$2,566$1,532$877$487$264$52
45 years$2,481$1,461$824$449$240$46
46 years$2,400$1,393$774$415$218$40
47 years$2,322$1,330$727$384$198$34
48 years$2,248$1,269$683$354$179$30
49 years$2,177$1,212$642$328$163$26
50 years$2,109$1,158$604$303$148$23

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 $4,883 every year, while hoping to spend $24,446 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: 62/32/6 Blend
39$2,160,000$2,160,000$2,160,000$2,160,000
40$2,385,357$2,270,877$2,237,397$2,530,392
41$2,602,653$2,356,139$2,286,339$2,713,026
42$2,841,294$2,444,761$2,336,102$2,908,976
43$3,103,431$2,536,879$2,386,687$3,122,206
44$3,391,434$2,632,640$2,438,094$3,354,384
45$3,707,915$2,732,193$2,490,324$3,607,346
46$4,055,749$2,835,697$2,543,377$3,883,110
47$4,438,105$2,943,316$2,597,250$4,183,894
48$4,858,475$3,055,222$2,651,941$4,512,143
49$5,320,704$3,171,593$2,707,446$4,870,545
50$5,829,031$3,292,616$2,763,760$5,262,056
51$6,388,124$3,418,486$2,820,878$5,689,932
52$7,003,127$3,549,406$2,878,792$6,157,756
53$7,679,708$3,685,589$2,937,494$6,669,471
54$8,424,112$3,827,256$2,996,973$7,229,416
55$9,243,219$3,974,639$3,057,219$7,842,371
56$10,144,610$4,127,979$3,118,218$8,513,596
57$11,136,637$4,287,528$3,179,956$9,248,880
58$12,228,507$4,453,549$3,242,417$10,054,601
59$13,430,358$4,626,316$3,305,582$10,937,778
60$14,753,367$4,806,118$3,369,431$11,906,141
61$16,209,845$4,993,253$3,433,942$12,968,202
62$17,813,361$5,188,034$3,499,090$14,133,336
63$19,578,864$5,390,787$3,564,850$15,411,863
64$21,522,827$5,601,855$3,631,191$16,815,153
65$23,663,402$5,821,593$3,698,083$18,355,724
66$26,020,591$6,050,373$3,765,491$20,047,367
67$28,616,435$6,288,585$3,833,379$21,905,268
68$31,475,219$6,536,633$3,901,705$23,946,154
69$34,623,707$6,794,944$3,970,427$26,188,451
70$38,091,388$7,063,959$4,039,499$28,652,453
71$41,910,758$7,344,141$4,108,871$31,360,516
72$46,117,627$7,635,976$4,178,490$34,337,265
73$50,751,453$7,939,967$4,248,297$37,609,827
74$55,855,719$8,256,643$4,318,233$41,208,083
75$61,478,340$8,586,556$4,388,232$45,164,953
76$67,672,117$8,930,284$4,458,224$49,516,702
77$74,495,233$9,288,428$4,528,135$54,303,281
78$82,011,805$9,661,619$4,597,885$59,568,704
79$90,292,486$10,050,514$4,667,391$65,361,460
80$99,415,133$10,455,804$4,736,562$71,734,970
81$109,465,544$10,878,206$4,805,305$78,748,090
82$120,538,265$11,318,473$4,873,517$86,465,663
83$132,737,481$11,777,391$4,941,093$94,959,132
84$146,178,002$12,255,781$5,007,918$104,307,208
85$160,986,348$12,754,504$5,073,873$114,596,615
86$177,301,938$13,274,457$5,138,830$125,922,904
87$195,278,410$13,816,580$5,202,655$138,391,354
88$215,085,070$14,381,855$5,265,207$152,117,963
89$236,908,490$14,971,308$5,326,333$167,230,539
90$260,954,268$15,586,014$5,385,877$183,869,907
91$287,448,970$16,227,096$5,443,671$202,191,232
92$316,642,268$16,895,727$5,499,538$222,365,485
93$348,809,299$17,593,137$5,553,292$244,581,049
94$384,253,257$18,320,610$5,604,736$269,045,500
95$423,308,259$19,079,489$5,653,664$295,987,557
96$466,342,497$19,871,181$5,699,859$325,659,243
97$513,761,717$20,697,154$5,743,089$358,338,260
98$566,013,045$21,558,947$5,783,115$394,330,602
99$623,589,208$22,458,168$5,819,682$433,973,447
100$687,033,190$23,396,501$5,852,524$477,638,329