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

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 $2,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$179,197$177,600$176,043$174,523$173,039$166,239
2 years$88,711$87,059$85,458$83,905$82,399$75,632
3 years$58,553$56,894$55,297$53,759$52,278$45,755
4 years$43,477$41,823$40,242$38,730$37,285$31,058
5 years$34,434$32,790$31,229$29,749$28,343$22,427
6 years$28,407$26,775$25,238$23,790$22,427$16,826
7 years$24,104$22,486$20,973$19,559$18,239$12,951
8 years$20,878$19,275$17,787$16,408$15,131$10,150
9 years$18,370$16,782$15,320$13,976$12,743$8,062
10 years$16,365$14,793$13,356$12,047$10,857$6,468
11 years$14,726$13,169$11,758$10,485$9,338$5,229
12 years$13,361$11,820$10,435$9,196$8,092$4,253
13 years$12,207$10,682$9,323$8,119$7,056$3,476
14 years$11,218$9,709$8,377$7,207$6,185$2,852
15 years$10,362$8,870$7,563$6,428$5,446$2,347
16 years$9,614$8,138$6,857$5,755$4,813$1,936
17 years$8,954$7,494$6,240$5,171$4,268$1,600
18 years$8,369$6,925$5,696$4,660$3,795$1,325
19 years$7,846$6,418$5,215$4,211$3,382$1,099
20 years$7,375$5,964$4,786$3,814$3,021$912
21 years$6,950$5,555$4,402$3,461$2,704$758
22 years$6,564$5,186$4,057$3,147$2,423$630
23 years$6,212$4,850$3,746$2,866$2,175$525
24 years$5,890$4,544$3,464$2,614$1,955$437
25 years$5,595$4,265$3,209$2,387$1,759$364
26 years$5,322$4,008$2,976$2,183$1,585$303
27 years$5,070$3,772$2,763$1,998$1,429$253
28 years$4,836$3,554$2,569$1,831$1,289$211
29 years$4,619$3,353$2,391$1,679$1,164$176
30 years$4,417$3,167$2,227$1,541$1,052$146
31 years$4,228$2,994$2,076$1,415$951$122
32 years$4,052$2,832$1,937$1,300$860$102
33 years$3,886$2,682$1,808$1,196$779$85
34 years$3,731$2,542$1,690$1,100$705$71
35 years$3,584$2,411$1,580$1,013$638$59
36 years$3,446$2,289$1,478$933$578$49
37 years$3,316$2,174$1,383$859$524$41
38 years$3,193$2,066$1,295$792$475$34
39 years$3,077$1,964$1,214$730$431$29
40 years$2,967$1,869$1,138$674$391$24
41 years$2,862$1,779$1,067$622$355$20
42 years$2,763$1,694$1,001$574$322$17
43 years$2,668$1,614$939$530$292$14
44 years$2,578$1,539$881$489$265$12
45 years$2,493$1,467$827$452$241$10
46 years$2,411$1,400$777$417$219$8
47 years$2,333$1,336$730$385$198$7
48 years$2,258$1,275$686$356$180$6
49 years$2,187$1,218$645$329$164$5
50 years$2,119$1,163$606$304$149$4

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 $6,529 every year, while hoping to spend $57,515 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: 48/43/9 Blend
39$2,170,000$2,170,000$2,170,000$2,170,000
40$2,398,075$2,283,065$2,249,430$2,507,046
41$2,581,483$2,333,739$2,263,590$2,633,199
42$2,781,671$2,384,969$2,276,297$2,763,521
43$3,000,290$2,436,721$2,287,442$2,903,688
44$3,239,157$2,488,958$2,296,908$3,054,631
45$3,500,272$2,541,639$2,304,577$3,217,382
46$3,785,840$2,594,719$2,310,319$3,393,072
47$4,098,284$2,648,148$2,314,004$3,582,950
48$4,440,276$2,701,874$2,315,489$3,788,392
49$4,814,755$2,755,838$2,314,630$4,010,913
50$5,224,961$2,809,975$2,311,271$4,252,183
51$5,674,460$2,864,216$2,305,251$4,514,043
52$6,167,179$2,918,487$2,296,401$4,798,520
53$6,707,445$2,972,706$2,284,544$5,107,851
54$7,300,020$3,026,785$2,269,492$5,444,497
55$7,950,153$3,080,628$2,251,051$5,811,174
56$8,663,624$3,134,134$2,229,017$6,210,874
57$9,446,799$3,187,193$2,203,174$6,646,896
58$10,306,693$3,239,685$2,173,300$7,122,876
59$11,251,029$3,291,483$2,139,160$7,642,819
60$12,288,319$3,342,450$2,100,506$8,211,145
61$13,427,937$3,392,441$2,057,083$8,832,721
62$14,680,212$3,441,296$2,008,621$9,512,916
63$16,056,522$3,488,847$1,954,838$10,257,645
64$17,569,402$3,534,916$1,895,440$11,073,432
65$19,232,662$3,579,307$1,830,118$11,967,465
66$21,061,516$3,621,816$1,758,550$12,947,670
67$23,072,728$3,662,222$1,680,398$14,022,783
68$25,284,766$3,700,291$1,595,311$15,202,435
69$27,717,978$3,735,771$1,502,920$16,497,243
70$30,394,785$3,768,396$1,402,841$17,918,909
71$33,339,887$3,797,882$1,294,670$19,480,335
72$36,580,501$3,823,924$1,177,988$21,195,741
73$40,146,617$3,846,201$1,052,355$23,080,805
74$44,071,276$3,864,369$917,313$25,152,806
75$48,390,886$3,878,063$772,382$27,430,795
76$53,145,563$3,886,894$617,064$29,935,770
77$58,379,509$3,890,451$450,834$32,690,878
78$64,141,431$3,888,295$273,149$35,721,633
79$70,484,995$3,879,960$83,438$39,056,163
80$77,469,339$3,864,952$0$42,725,470
81$85,159,625$3,842,748$0$46,775,158
82$93,627,655$3,812,791$0$51,240,761
83$102,952,549$3,774,491$0$56,155,844
84$113,221,490$3,727,222$0$61,566,240
85$124,530,549$3,670,323$0$67,522,468
86$136,985,586$3,603,090$0$74,080,208
87$150,703,255$3,524,780$0$81,300,827
88$165,812,097$3,434,605$0$89,251,964
89$182,453,760$3,331,730$0$98,008,169
90$200,784,331$3,215,272$0$107,651,607
91$220,975,809$3,084,297$0$118,272,836
92$243,217,730$2,937,815$0$129,971,667
93$267,718,952$2,774,781$0$142,858,107
94$294,709,628$2,594,089$0$157,053,397
95$324,443,378$2,394,567$0$172,691,164
96$357,199,683$2,174,981$0$189,918,684
97$393,286,517$1,934,021$0$208,898,275
98$433,043,261$1,670,308$0$229,808,830
99$476,843,901$1,382,380$0$252,847,515
100$525,100,558$1,068,696$0$278,231,631