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%16.8%
1 years$179,197$177,600$176,043$174,523$173,039$168,242
2 years$88,711$87,059$85,458$83,905$82,399$77,602
3 years$58,553$56,894$55,297$53,759$52,278$47,631
4 years$43,477$41,823$40,242$38,730$37,285$32,824
5 years$34,434$32,790$31,229$29,749$28,343$24,080
6 years$28,407$26,775$25,238$23,790$22,427$18,366
7 years$24,104$22,486$20,973$19,559$18,239$14,380
8 years$20,878$19,275$17,787$16,408$15,131$11,472
9 years$18,370$16,782$15,320$13,976$12,743$9,280
10 years$16,365$14,793$13,356$12,047$10,857$7,587
11 years$14,726$13,169$11,758$10,485$9,338$6,254
12 years$13,361$11,820$10,435$9,196$8,092$5,190
13 years$12,207$10,682$9,323$8,119$7,056$4,329
14 years$11,218$9,709$8,377$7,207$6,185$3,626
15 years$10,362$8,870$7,563$6,428$5,446$3,048
16 years$9,614$8,138$6,857$5,755$4,813$2,570
17 years$8,954$7,494$6,240$5,171$4,268$2,172
18 years$8,369$6,925$5,696$4,660$3,795$1,839
19 years$7,846$6,418$5,215$4,211$3,382$1,560
20 years$7,375$5,964$4,786$3,814$3,021$1,325
21 years$6,950$5,555$4,402$3,461$2,704$1,127
22 years$6,564$5,186$4,057$3,147$2,423$959
23 years$6,212$4,850$3,746$2,866$2,175$817
24 years$5,890$4,544$3,464$2,614$1,955$697
25 years$5,595$4,265$3,209$2,387$1,759$595
26 years$5,322$4,008$2,976$2,183$1,585$508
27 years$5,070$3,772$2,763$1,998$1,429$433
28 years$4,836$3,554$2,569$1,831$1,289$370
29 years$4,619$3,353$2,391$1,679$1,164$316
30 years$4,417$3,167$2,227$1,541$1,052$270
31 years$4,228$2,994$2,076$1,415$951$231
32 years$4,052$2,832$1,937$1,300$860$198
33 years$3,886$2,682$1,808$1,196$779$169
34 years$3,731$2,542$1,690$1,100$705$145
35 years$3,584$2,411$1,580$1,013$638$124
36 years$3,446$2,289$1,478$933$578$106
37 years$3,316$2,174$1,383$859$524$91
38 years$3,193$2,066$1,295$792$475$78
39 years$3,077$1,964$1,214$730$431$66
40 years$2,967$1,869$1,138$674$391$57
41 years$2,862$1,779$1,067$622$355$49
42 years$2,763$1,694$1,001$574$322$42
43 years$2,668$1,614$939$530$292$36
44 years$2,578$1,539$881$489$265$30
45 years$2,493$1,467$827$452$241$26
46 years$2,411$1,400$777$417$219$22
47 years$2,333$1,336$730$385$198$19
48 years$2,258$1,275$686$356$180$16
49 years$2,187$1,218$645$329$164$14
50 years$2,119$1,163$606$304$149$12

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 $5,141 every year, while hoping to spend $56,873 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: 78/5/17 Blend
39$2,170,000$2,170,000$2,170,000$2,170,000
40$2,396,643$2,281,633$2,247,998$2,574,227
41$2,580,588$2,332,921$2,262,793$2,743,401
42$2,781,390$2,384,815$2,276,178$2,921,242
43$3,000,706$2,437,286$2,288,046$3,114,768
44$3,240,366$2,490,300$2,298,282$3,325,526
45$3,502,378$2,543,820$2,306,770$3,555,224
46$3,788,958$2,597,805$2,313,384$3,805,739
47$4,102,543$2,652,208$2,317,994$4,079,143
48$4,445,818$2,706,982$2,320,462$4,377,716
49$4,821,738$2,762,071$2,320,644$4,703,971
50$5,233,559$2,817,417$2,318,390$5,060,677
51$5,684,867$2,872,954$2,313,540$5,450,885
52$6,179,608$2,928,614$2,305,929$5,877,955
53$6,722,132$2,984,320$2,295,381$6,345,591
54$7,317,228$3,039,990$2,281,715$6,857,872
55$7,970,171$3,095,535$2,264,738$7,419,297
56$8,686,771$3,150,859$2,244,250$8,034,818
57$9,473,429$3,205,859$2,220,040$8,709,895
58$10,337,196$3,260,423$2,191,888$9,450,545
59$11,285,838$3,314,432$2,159,564$10,263,396
60$12,327,909$3,367,755$2,122,825$11,155,754
61$13,472,836$3,420,255$2,081,420$12,135,667
62$14,731,001$3,471,783$2,035,084$13,212,008
63$16,113,843$3,522,180$1,983,539$14,394,551
64$17,633,964$3,571,276$1,926,496$15,694,070
65$19,305,247$3,618,887$1,863,652$17,122,435
66$21,142,988$3,664,818$1,794,690$18,692,728
67$23,164,040$3,708,862$1,719,279$20,419,367
68$25,386,969$3,750,794$1,637,073$22,318,239
69$27,832,234$3,790,377$1,547,709$24,406,853
70$30,522,374$3,827,357$1,450,809$26,704,502
71$33,482,222$3,861,463$1,345,977$29,232,451
72$36,739,142$3,892,408$1,232,800$32,014,131
73$40,323,281$3,919,883$1,110,846$35,075,366
74$44,267,861$3,943,562$979,665$38,444,614
75$48,609,483$3,963,097$838,784$42,153,236
76$53,388,480$3,978,118$687,712$46,235,796
77$58,649,290$3,988,231$525,936$50,730,380
78$64,440,881$3,993,018$352,918$55,678,963
79$70,817,209$3,992,034$168,099$61,127,803
80$77,837,728$3,984,808$0$67,127,877
81$85,567,952$3,970,838$0$73,740,649
82$94,080,067$3,949,594$0$81,055,629
83$103,453,620$3,920,510$0$89,110,636
84$113,776,263$3,882,988$0$97,980,982
85$125,144,582$3,836,395$0$107,749,655
86$137,665,009$3,780,058$0$118,508,101
87$151,454,823$3,713,264$0$130,357,093
88$166,643,260$3,635,259$0$143,407,676
89$183,372,728$3,545,243$0$157,782,217
90$201,800,156$3,442,370$0$173,615,558
91$222,098,469$3,325,743$0$191,056,292
92$244,458,223$3,194,414$0$210,268,163
93$269,089,402$3,047,380$0$231,431,611
94$296,223,399$2,883,580$0$254,745,477
95$326,115,200$2,701,890$0$280,428,876
96$359,045,791$2,501,123$0$308,723,269
97$395,324,807$2,280,023$0$339,894,740
98$435,293,458$2,037,265$0$374,236,509
99$479,327,746$1,771,446$0$412,071,696
100$527,842,013$1,481,084$0$453,756,377