Can I retire at age 40 with 2,180,000?

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 $2,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$180,022$178,419$176,854$175,327$173,836$169,979
2 years$89,120$87,460$85,852$84,292$82,779$78,913
3 years$58,823$57,156$55,552$54,007$52,519$48,764
4 years$43,678$42,016$40,427$38,909$37,457$33,843
5 years$34,593$32,941$31,373$29,886$28,474$25,012
6 years$28,538$26,899$25,354$23,900$22,530$19,223
7 years$24,215$22,590$21,070$19,649$18,323$15,171
8 years$20,974$19,363$17,869$16,483$15,201$12,203
9 years$18,455$16,859$15,390$14,040$12,801$9,955
10 years$16,441$14,861$13,418$12,103$10,907$8,210
11 years$14,794$13,230$11,813$10,533$9,381$6,828
12 years$13,422$11,874$10,483$9,239$8,129$5,718
13 years$12,263$10,731$9,366$8,157$7,089$4,815
14 years$11,270$9,754$8,416$7,240$6,214$4,072
15 years$10,410$8,910$7,598$6,457$5,471$3,457
16 years$9,658$8,175$6,889$5,782$4,836$2,944
17 years$8,996$7,529$6,269$5,195$4,288$2,513
18 years$8,407$6,957$5,722$4,682$3,812$2,150
19 years$7,882$6,448$5,239$4,230$3,398$1,843
20 years$7,409$5,992$4,808$3,831$3,035$1,582
21 years$6,982$5,581$4,422$3,477$2,716$1,360
22 years$6,594$5,210$4,076$3,162$2,435$1,171
23 years$6,241$4,872$3,763$2,879$2,185$1,008
24 years$5,918$4,565$3,480$2,626$1,964$869
25 years$5,620$4,284$3,223$2,398$1,768$750
26 years$5,347$4,026$2,990$2,193$1,592$647
27 years$5,093$3,789$2,776$2,007$1,435$559
28 years$4,859$3,571$2,581$1,839$1,295$483
29 years$4,641$3,369$2,402$1,686$1,170$418
30 years$4,438$3,181$2,237$1,548$1,057$361
31 years$4,248$3,007$2,086$1,421$955$312
32 years$4,070$2,846$1,946$1,306$864$270
33 years$3,904$2,695$1,817$1,201$782$234
34 years$3,748$2,554$1,698$1,105$708$202
35 years$3,601$2,422$1,587$1,017$641$175
36 years$3,462$2,299$1,485$937$581$152
37 years$3,332$2,184$1,390$863$527$131
38 years$3,208$2,075$1,301$796$478$114
39 years$3,091$1,973$1,219$734$433$99
40 years$2,980$1,878$1,143$677$393$85
41 years$2,875$1,787$1,072$624$356$74
42 years$2,775$1,702$1,005$576$323$64
43 years$2,681$1,622$943$532$293$55
44 years$2,590$1,546$885$491$266$48
45 years$2,504$1,474$831$454$242$42
46 years$2,422$1,406$781$419$220$36
47 years$2,344$1,342$734$387$199$31
48 years$2,269$1,281$689$358$181$27
49 years$2,197$1,223$648$331$164$23
50 years$2,128$1,169$609$306$149$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,180,000, adding $5,367 every year, while hoping to spend $59,902 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: 58/13/29 Blend
39$2,180,000$2,180,000$2,180,000$2,180,000
40$2,407,896$2,292,356$2,258,566$2,528,149
41$2,589,766$2,340,946$2,270,493$2,659,806
42$2,788,179$2,389,910$2,280,811$2,796,545
43$3,004,760$2,439,201$2,289,405$2,944,428
44$3,241,295$2,488,772$2,296,150$3,104,554
45$3,499,754$2,538,569$2,300,917$3,278,136
46$3,782,303$2,588,532$2,303,572$3,466,510
47$4,091,327$2,638,600$2,303,971$3,671,150
48$4,429,454$2,688,702$2,301,965$3,893,680
49$4,799,575$2,738,765$2,297,398$4,135,892
50$5,204,875$2,788,709$2,290,104$4,399,762
51$5,648,861$2,838,445$2,279,912$4,687,468
52$6,135,397$2,887,880$2,266,641$5,001,413
53$6,668,736$2,936,914$2,250,101$5,344,243
54$7,253,562$2,985,438$2,230,095$5,718,881
55$7,895,035$3,033,335$2,206,413$6,128,545
56$8,598,840$3,080,480$2,178,839$6,576,787
57$9,371,236$3,126,738$2,147,145$7,067,521
58$10,219,119$3,171,964$2,111,091$7,605,064
59$11,150,084$3,216,006$2,070,427$8,194,174
60$12,172,499$3,258,697$2,024,893$8,840,099
61$13,295,582$3,299,860$1,974,215$9,548,625
62$14,529,485$3,339,308$1,918,105$10,326,131
63$15,885,396$3,376,837$1,856,265$11,179,648
64$17,375,638$3,412,234$1,788,382$12,116,931
65$19,013,788$3,445,268$1,714,127$13,146,529
66$20,814,802$3,475,694$1,633,158$14,277,865
67$22,795,161$3,503,252$1,545,118$15,521,330
68$24,973,020$3,527,663$1,449,631$16,888,378
69$27,368,381$3,548,633$1,346,308$18,391,639
70$30,003,286$3,565,845$1,234,738$20,045,033
71$32,902,015$3,578,966$1,114,496$21,863,907
72$36,091,324$3,587,639$985,136$23,865,180
73$39,600,692$3,591,486$846,191$26,067,503
74$43,462,599$3,590,105$697,174$28,491,437
75$47,712,834$3,583,069$537,579$31,159,645
76$52,390,829$3,569,926$366,875$34,097,111
77$57,540,036$3,550,195$184,507$37,331,376
78$63,208,330$3,523,365$0$40,892,798
79$69,448,465$3,488,895$0$44,817,970
80$76,318,570$3,446,212$0$49,201,781
81$83,882,695$3,394,708$0$54,027,934
82$92,211,420$3,333,739$0$59,341,449
83$101,382,515$3,262,622$0$65,191,941
84$111,481,676$3,180,635$0$71,634,082
85$122,603,332$3,087,011$0$78,728,122
86$134,851,539$2,980,942$0$86,540,457
87$148,340,958$2,861,569$0$95,144,256
88$163,197,935$2,727,986$0$104,620,148
89$179,561,700$2,579,233$0$115,056,990
90$197,585,672$2,414,294$0$126,552,702
91$217,438,912$2,232,096$0$139,215,193
92$239,307,718$2,031,505$0$153,163,380
93$263,397,378$1,811,322$0$168,528,309
94$289,934,111$1,570,278$0$185,454,395
95$319,167,203$1,307,034$0$204,100,788
96$351,371,354$1,020,175$0$224,642,869
97$386,849,276$708,207$0$247,273,913
98$425,934,543$369,551$0$272,206,911
99$468,994,747$2,539$0$299,676,581
100$516,434,961$0$0$329,941,589