Can I retire at age 40 with 2,190,000?

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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$180,848$179,237$177,666$176,132$174,634$171,811
2 years$89,529$87,861$86,245$84,679$83,159$80,323
3 years$59,093$57,418$55,807$54,254$52,759$49,999
4 years$43,878$42,209$40,613$39,087$37,628$34,964
5 years$34,751$33,092$31,517$30,023$28,605$26,044
6 years$28,669$27,022$25,471$24,009$22,634$20,180
7 years$24,326$22,693$21,166$19,739$18,407$16,061
8 years$21,071$19,452$17,951$16,559$15,271$13,031
9 years$18,540$16,937$15,461$14,105$12,860$10,727
10 years$16,516$14,929$13,479$12,158$10,957$8,928
11 years$14,862$13,290$11,867$10,581$9,424$7,497
12 years$13,484$11,929$10,531$9,281$8,166$6,339
13 years$12,319$10,780$9,409$8,194$7,121$5,391
14 years$11,321$9,799$8,454$7,274$6,242$4,606
15 years$10,458$8,951$7,633$6,487$5,496$3,951
16 years$9,703$8,213$6,920$5,808$4,858$3,400
17 years$9,037$7,564$6,297$5,219$4,307$2,934
18 years$8,446$6,989$5,749$4,703$3,830$2,538
19 years$7,918$6,477$5,263$4,250$3,414$2,200
20 years$7,443$6,019$4,830$3,849$3,049$1,910
21 years$7,014$5,607$4,442$3,493$2,729$1,661
22 years$6,625$5,234$4,094$3,176$2,446$1,446
23 years$6,270$4,895$3,780$2,892$2,195$1,260
24 years$5,945$4,586$3,496$2,638$1,973$1,099
25 years$5,646$4,304$3,238$2,409$1,776$960
26 years$5,371$4,045$3,003$2,203$1,599$838
27 years$5,117$3,807$2,789$2,016$1,442$733
28 years$4,881$3,587$2,593$1,847$1,301$641
29 years$4,662$3,384$2,413$1,694$1,175$561
30 years$4,458$3,196$2,247$1,555$1,062$491
31 years$4,267$3,021$2,095$1,428$960$430
32 years$4,089$2,859$1,955$1,312$868$377
33 years$3,922$2,707$1,825$1,207$786$330
34 years$3,765$2,566$1,705$1,110$711$289
35 years$3,617$2,434$1,594$1,022$644$254
36 years$3,478$2,310$1,491$941$584$222
37 years$3,347$2,194$1,396$867$529$195
38 years$3,223$2,085$1,307$799$480$171
39 years$3,105$1,983$1,225$737$435$150
40 years$2,994$1,886$1,148$680$395$132
41 years$2,888$1,795$1,076$627$358$116
42 years$2,788$1,710$1,010$579$325$101
43 years$2,693$1,629$948$534$295$89
44 years$2,602$1,553$889$493$268$78
45 years$2,516$1,481$835$456$243$69
46 years$2,433$1,413$784$421$221$60
47 years$2,354$1,348$737$389$200$53
48 years$2,279$1,287$692$359$182$46
49 years$2,207$1,229$651$332$165$41
50 years$2,138$1,174$612$307$150$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,190,000, adding $2,356 every year, while hoping to spend $57,691 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: 83/12/5 Blend
39$2,190,000$2,190,000$2,190,000$2,190,000
40$2,415,810$2,299,740$2,265,795$2,615,997
41$2,600,840$2,351,045$2,280,317$2,798,330
42$2,802,809$2,402,930$2,293,391$2,990,448
43$3,023,385$2,455,362$2,304,909$3,199,579
44$3,264,402$2,508,307$2,314,755$3,427,391
45$3,527,881$2,561,724$2,322,809$3,675,721
46$3,816,046$2,615,569$2,328,944$3,946,591
47$4,131,346$2,669,795$2,333,027$4,242,228
48$4,476,477$2,724,349$2,334,917$4,565,085
49$4,854,409$2,779,174$2,334,468$4,917,864
50$5,268,412$2,834,207$2,331,527$5,303,541
51$5,722,088$2,889,380$2,325,930$5,725,391
52$6,219,402$2,944,621$2,317,510$6,187,026
53$6,764,722$2,999,848$2,306,087$6,692,421
54$7,362,859$3,054,976$2,291,477$7,245,956
55$8,019,113$3,109,912$2,273,483$7,852,458
56$8,739,319$3,164,555$2,251,902$8,517,240
57$9,529,908$3,218,797$2,226,519$9,246,161
58$10,397,961$3,272,520$2,197,110$10,045,670
59$11,351,280$3,325,600$2,163,440$10,922,876
60$12,398,458$3,377,902$2,125,262$11,885,610
61$13,548,962$3,429,281$2,082,320$12,942,501
62$14,813,222$3,479,582$2,034,344$14,103,053
63$16,202,729$3,528,639$1,981,053$15,377,743
64$17,730,140$3,576,275$1,922,150$16,778,110
65$19,409,400$3,622,299$1,857,329$18,316,870
66$21,255,875$3,666,508$1,786,265$20,008,035
67$23,286,493$3,708,684$1,708,623$21,867,043
68$25,519,902$3,748,597$1,624,049$23,910,907
69$27,976,652$3,785,998$1,532,175$26,158,370
70$30,679,382$3,820,624$1,432,615$28,630,089
71$33,653,039$3,852,194$1,324,966$31,348,823
72$36,925,105$3,880,408$1,208,809$34,339,652
73$40,525,865$3,904,947$1,083,704$37,630,214
74$44,488,686$3,925,473$949,191$41,250,962
75$48,850,335$3,941,623$804,791$45,235,454
76$53,651,321$3,953,014$650,004$49,620,671
77$58,936,282$3,959,239$484,306$54,447,363
78$64,754,405$3,959,863$307,151$59,760,436
79$71,159,884$3,954,427$117,971$65,609,373
80$78,212,439$3,942,440$0$72,048,705
81$85,977,873$3,923,386$0$79,143,001
82$94,528,697$3,896,712$0$86,961,011
83$103,944,808$3,861,835$0$95,569,440
84$114,314,249$3,818,136$0$105,048,741
85$125,734,037$3,764,958$0$115,487,567
86$138,311,074$3,701,606$0$126,983,612
87$152,163,162$3,627,344$0$139,644,531
88$167,420,110$3,541,389$0$153,588,958
89$184,224,961$3,442,917$0$168,947,624
90$202,735,338$3,331,051$0$185,864,592
91$223,124,936$3,204,866$0$204,498,615
92$245,585,157$3,063,382$0$225,024,641
93$270,326,917$2,905,562$0$247,635,453
94$297,582,637$2,730,308$0$272,543,502
95$327,608,435$2,536,463$0$299,982,903
96$360,686,544$2,322,798$0$330,211,648
97$397,127,974$2,088,018$0$363,514,045
98$437,275,450$1,830,753$0$400,203,395
99$481,506,641$1,549,556$0$440,624,959
100$530,237,731$1,242,896$0$485,159,209