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

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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$180,848$179,237$177,666$176,132$174,634$167,970
2 years$89,529$87,861$86,245$84,679$83,159$76,524
3 years$59,093$57,418$55,807$54,254$52,759$46,362
4 years$43,878$42,209$40,613$39,087$37,628$31,517
5 years$34,751$33,092$31,517$30,023$28,605$22,795
6 years$28,669$27,022$25,471$24,009$22,634$17,130
7 years$24,326$22,693$21,166$19,739$18,407$13,208
8 years$21,071$19,452$17,951$16,559$15,271$10,370
9 years$18,540$16,937$15,461$14,105$12,860$8,252
10 years$16,516$14,929$13,479$12,158$10,957$6,632
11 years$14,862$13,290$11,867$10,581$9,424$5,373
12 years$13,484$11,929$10,531$9,281$8,166$4,379
13 years$12,319$10,780$9,409$8,194$7,121$3,586
14 years$11,321$9,799$8,454$7,274$6,242$2,948
15 years$10,458$8,951$7,633$6,487$5,496$2,431
16 years$9,703$8,213$6,920$5,808$4,858$2,010
17 years$9,037$7,564$6,297$5,219$4,307$1,666
18 years$8,446$6,989$5,749$4,703$3,830$1,382
19 years$7,918$6,477$5,263$4,250$3,414$1,149
20 years$7,443$6,019$4,830$3,849$3,049$956
21 years$7,014$5,607$4,442$3,493$2,729$796
22 years$6,625$5,234$4,094$3,176$2,446$664
23 years$6,270$4,895$3,780$2,892$2,195$553
24 years$5,945$4,586$3,496$2,638$1,973$462
25 years$5,646$4,304$3,238$2,409$1,776$386
26 years$5,371$4,045$3,003$2,203$1,599$322
27 years$5,117$3,807$2,789$2,016$1,442$269
28 years$4,881$3,587$2,593$1,847$1,301$225
29 years$4,662$3,384$2,413$1,694$1,175$188
30 years$4,458$3,196$2,247$1,555$1,062$157
31 years$4,267$3,021$2,095$1,428$960$131
32 years$4,089$2,859$1,955$1,312$868$110
33 years$3,922$2,707$1,825$1,207$786$92
34 years$3,765$2,566$1,705$1,110$711$77
35 years$3,617$2,434$1,594$1,022$644$64
36 years$3,478$2,310$1,491$941$584$54
37 years$3,347$2,194$1,396$867$529$45
38 years$3,223$2,085$1,307$799$480$38
39 years$3,105$1,983$1,225$737$435$32
40 years$2,994$1,886$1,148$680$395$26
41 years$2,888$1,795$1,076$627$358$22
42 years$2,788$1,710$1,010$579$325$18
43 years$2,693$1,629$948$534$295$15
44 years$2,602$1,553$889$493$268$13
45 years$2,516$1,481$835$456$243$11
46 years$2,433$1,413$784$421$221$9
47 years$2,354$1,348$737$389$200$8
48 years$2,279$1,287$692$359$182$6
49 years$2,207$1,229$651$332$165$5
50 years$2,138$1,174$612$307$150$4

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 $3,710 every year, while hoping to spend $29,222 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: 35/37/28 Blend
39$2,190,000$2,190,000$2,190,000$2,190,000
40$2,417,207$2,301,137$2,267,192$2,481,295
41$2,632,670$2,382,801$2,312,051$2,611,284
42$2,869,131$2,467,486$2,357,433$2,748,551
43$3,128,701$2,555,312$2,403,326$2,896,098
44$3,413,704$2,646,398$2,449,713$3,054,867
45$3,726,704$2,740,873$2,496,580$3,225,890
46$4,070,520$2,838,869$2,543,908$3,410,301
47$4,448,262$2,940,522$2,591,678$3,609,347
48$4,863,354$3,045,977$2,639,868$3,824,398
49$5,319,569$3,155,382$2,688,456$4,056,960
50$5,821,062$3,268,893$2,737,417$4,308,691
51$6,372,413$3,386,671$2,786,723$4,581,410
52$6,978,666$3,508,885$2,836,345$4,877,121
53$7,645,379$3,635,710$2,886,252$5,198,026
54$8,378,676$3,767,328$2,936,410$5,546,548
55$9,185,303$3,903,930$2,986,782$5,925,353
56$10,072,695$4,045,713$3,037,330$6,337,373
57$11,049,041$4,192,884$3,088,012$6,785,836
58$12,123,366$4,345,658$3,138,782$7,274,293
59$13,305,612$4,504,258$3,189,595$7,806,652
60$14,606,736$4,668,918$3,240,398$8,387,215
61$16,038,809$4,839,881$3,291,137$9,020,716
62$17,615,133$5,017,400$3,341,755$9,712,367
63$19,350,363$5,201,739$3,392,190$10,467,906
64$21,260,648$5,393,173$3,442,377$11,293,650
65$23,363,784$5,591,989$3,492,247$12,196,554
66$25,679,379$5,798,484$3,541,725$13,184,274
67$28,229,037$6,012,972$3,590,735$14,265,243
68$31,036,567$6,235,775$3,639,192$15,448,745
69$34,128,202$6,467,234$3,687,011$16,745,006
70$37,532,850$6,707,700$3,734,097$18,165,284
71$41,282,364$6,957,541$3,780,353$19,721,980
72$45,411,846$7,217,141$3,825,675$21,428,752
73$49,959,973$7,486,900$3,869,954$23,300,642
74$54,969,367$7,767,234$3,913,075$25,354,216
75$60,486,994$8,058,580$3,954,914$27,607,725
76$66,564,607$8,361,390$3,995,343$30,081,267
77$73,259,237$8,676,139$4,034,227$32,796,984
78$80,633,728$9,003,318$4,071,423$35,779,266
79$88,757,331$9,343,444$4,106,779$39,054,980
80$97,706,360$9,697,053$4,140,136$42,653,721
81$107,564,906$10,064,707$4,171,329$46,608,093
82$118,425,638$10,446,989$4,200,180$50,954,015
83$130,390,671$10,844,510$4,226,504$55,731,057
84$143,572,535$11,257,906$4,250,107$60,982,812
85$158,095,233$11,687,842$4,270,785$66,757,306
86$174,095,412$12,135,012$4,288,321$73,107,452
87$191,723,654$12,600,138$4,302,491$80,091,545
88$211,145,899$13,083,977$4,313,056$87,773,812
89$232,545,006$13,587,316$4,319,769$96,225,017
90$256,122,481$14,110,980$4,322,365$105,523,125
91$282,100,382$14,655,826$4,320,573$115,754,036
92$310,723,411$15,222,752$4,314,102$127,012,399
93$342,261,227$15,812,694$4,302,652$139,402,497
94$377,010,986$16,426,630$4,285,905$153,039,230
95$415,300,153$17,065,581$4,263,529$168,049,203
96$457,489,587$17,730,613$4,235,176$184,571,913
97$503,976,952$18,422,840$4,200,481$202,761,064
98$555,200,465$19,143,424$4,159,062$222,786,019
99$611,643,040$19,893,579$4,110,518$244,833,392
100$673,836,839$20,674,573$4,054,429$269,108,811