Can I retire at age 40 with 2,170,000?

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 $2,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$179,197$177,600$176,043$174,523$173,039$167,299
2 years$88,711$87,059$85,458$83,905$82,399$76,672
3 years$58,553$56,894$55,297$53,759$52,278$46,743
4 years$43,477$41,823$40,242$38,730$37,285$31,985
5 years$34,434$32,790$31,229$29,749$28,343$23,293
6 years$28,407$26,775$25,238$23,790$22,427$17,630
7 years$24,104$22,486$20,973$19,559$18,239$13,694
8 years$20,878$19,275$17,787$16,408$15,131$10,835
9 years$18,370$16,782$15,320$13,976$12,743$8,691
10 years$16,365$14,793$13,356$12,047$10,857$7,043
11 years$14,726$13,169$11,758$10,485$9,338$5,754
12 years$13,361$11,820$10,435$9,196$8,092$4,730
13 years$12,207$10,682$9,323$8,119$7,056$3,908
14 years$11,218$9,709$8,377$7,207$6,185$3,242
15 years$10,362$8,870$7,563$6,428$5,446$2,699
16 years$9,614$8,138$6,857$5,755$4,813$2,253
17 years$8,954$7,494$6,240$5,171$4,268$1,884
18 years$8,369$6,925$5,696$4,660$3,795$1,579
19 years$7,846$6,418$5,215$4,211$3,382$1,325
20 years$7,375$5,964$4,786$3,814$3,021$1,114
21 years$6,950$5,555$4,402$3,461$2,704$937
22 years$6,564$5,186$4,057$3,147$2,423$789
23 years$6,212$4,850$3,746$2,866$2,175$665
24 years$5,890$4,544$3,464$2,614$1,955$561
25 years$5,595$4,265$3,209$2,387$1,759$473
26 years$5,322$4,008$2,976$2,183$1,585$399
27 years$5,070$3,772$2,763$1,998$1,429$337
28 years$4,836$3,554$2,569$1,831$1,289$285
29 years$4,619$3,353$2,391$1,679$1,164$240
30 years$4,417$3,167$2,227$1,541$1,052$203
31 years$4,228$2,994$2,076$1,415$951$172
32 years$4,052$2,832$1,937$1,300$860$145
33 years$3,886$2,682$1,808$1,196$779$123
34 years$3,731$2,542$1,690$1,100$705$104
35 years$3,584$2,411$1,580$1,013$638$88
36 years$3,446$2,289$1,478$933$578$74
37 years$3,316$2,174$1,383$859$524$63
38 years$3,193$2,066$1,295$792$475$53
39 years$3,077$1,964$1,214$730$431$45
40 years$2,967$1,869$1,138$674$391$38
41 years$2,862$1,779$1,067$622$355$32
42 years$2,763$1,694$1,001$574$322$27
43 years$2,668$1,614$939$530$292$23
44 years$2,578$1,539$881$489$265$19
45 years$2,493$1,467$827$452$241$16
46 years$2,411$1,400$777$417$219$14
47 years$2,333$1,336$730$385$198$12
48 years$2,258$1,275$686$356$180$10
49 years$2,187$1,218$645$329$164$8
50 years$2,119$1,163$606$304$149$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,170,000, adding $4,933 every year, while hoping to spend $40,674 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: 62/30/8 Blend
39$2,170,000$2,170,000$2,170,000$2,170,000
40$2,396,428$2,281,418$2,247,783$2,540,735
41$2,597,587$2,349,931$2,279,807$2,706,282
42$2,817,901$2,420,438$2,311,541$2,881,732
43$3,059,281$2,492,993$2,342,931$3,072,194
44$3,323,831$2,567,653$2,373,923$3,279,120
45$3,613,869$2,644,475$2,404,456$3,504,106
46$3,931,947$2,723,518$2,434,470$3,748,911
47$4,280,878$2,804,843$2,463,896$4,015,469
48$4,663,758$2,888,510$2,492,667$4,305,908
49$5,083,997$2,974,583$2,520,707$4,622,575
50$5,545,354$3,063,127$2,547,940$4,968,050
51$6,051,967$3,154,207$2,574,283$5,345,174
52$6,608,396$3,247,891$2,599,650$5,757,078
53$7,219,663$3,344,249$2,623,949$6,207,208
54$7,891,301$3,443,350$2,647,084$6,699,357
55$8,629,406$3,545,266$2,668,954$7,237,706
56$9,440,694$3,650,073$2,689,452$7,826,857
57$10,332,562$3,757,844$2,708,466$8,471,880
58$11,313,162$3,868,656$2,725,878$9,178,358
59$12,391,473$3,982,589$2,741,564$9,952,441
60$13,577,390$4,099,722$2,755,392$10,800,904
61$14,881,812$4,220,138$2,767,227$11,731,209
62$16,316,751$4,343,918$2,776,923$12,751,576
63$17,895,439$4,471,150$2,784,329$13,871,062
64$19,632,456$4,601,919$2,789,287$15,099,642
65$21,543,867$4,736,313$2,791,628$16,448,306
66$23,647,372$4,874,423$2,791,178$17,929,162
67$25,962,475$5,016,340$2,787,753$19,555,550
68$28,510,665$5,162,158$2,781,160$21,342,165
69$31,315,620$5,311,972$2,771,197$23,305,199
70$34,403,433$5,465,878$2,757,651$25,462,492
71$37,802,851$5,623,974$2,740,301$27,833,699
72$41,545,554$5,786,360$2,718,913$30,440,477
73$45,666,447$5,953,138$2,693,243$33,306,686
74$50,203,993$6,124,411$2,663,035$36,458,617
75$55,200,575$6,300,282$2,628,021$39,925,239
76$60,702,895$6,480,857$2,587,922$43,738,472
77$66,762,416$6,666,245$2,542,443$47,933,486
78$73,435,845$6,856,553$2,491,277$52,549,034
79$80,785,668$7,051,891$2,434,102$57,627,819
80$88,880,744$7,252,371$2,370,582$63,216,895
81$97,796,948$7,458,105$2,300,364$69,368,110
82$107,617,891$7,669,207$2,223,081$76,138,595
83$118,435,708$7,885,791$2,138,347$83,591,306
84$130,351,928$8,107,972$2,045,759$91,795,613
85$143,478,429$8,335,868$1,944,896$100,827,960
86$157,938,498$8,569,594$1,835,319$110,772,582
87$173,867,989$8,809,268$1,716,567$121,722,298
88$191,416,611$9,055,010$1,588,159$133,779,395
89$210,749,337$9,306,936$1,449,593$147,056,583
90$232,047,959$9,565,166$1,300,345$161,678,066
91$255,512,811$9,829,819$1,139,866$177,780,710
92$281,364,649$10,101,012$967,583$195,515,339
93$309,846,746$10,378,864$782,899$215,048,151
94$341,227,177$10,663,492$585,190$236,562,295
95$375,801,359$10,955,012$373,804$260,259,591
96$413,894,831$11,253,541$148,060$286,362,444
97$455,866,332$11,559,193$0$315,115,936
98$502,111,184$11,872,079$0$346,798,066
99$553,065,025$12,192,312$0$381,712,530
100$609,207,921$12,519,998$0$420,174,708