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%15.4%
1 years$180,848$179,237$177,666$176,132$174,634$170,759
2 years$89,529$87,861$86,245$84,679$83,159$79,275
3 years$59,093$57,418$55,807$54,254$52,759$48,988
4 years$43,878$42,209$40,613$39,087$37,628$33,999
5 years$34,751$33,092$31,517$30,023$28,605$25,126
6 years$28,669$27,022$25,471$24,009$22,634$19,311
7 years$24,326$22,693$21,166$19,739$18,407$15,240
8 years$21,071$19,452$17,951$16,559$15,271$12,259
9 years$18,540$16,937$15,461$14,105$12,860$10,001
10 years$16,516$14,929$13,479$12,158$10,957$8,247
11 years$14,862$13,290$11,867$10,581$9,424$6,860
12 years$13,484$11,929$10,531$9,281$8,166$5,744
13 years$12,319$10,780$9,409$8,194$7,121$4,837
14 years$11,321$9,799$8,454$7,274$6,242$4,091
15 years$10,458$8,951$7,633$6,487$5,496$3,473
16 years$9,703$8,213$6,920$5,808$4,858$2,957
17 years$9,037$7,564$6,297$5,219$4,307$2,525
18 years$8,446$6,989$5,749$4,703$3,830$2,160
19 years$7,918$6,477$5,263$4,250$3,414$1,852
20 years$7,443$6,019$4,830$3,849$3,049$1,590
21 years$7,014$5,607$4,442$3,493$2,729$1,366
22 years$6,625$5,234$4,094$3,176$2,446$1,176
23 years$6,270$4,895$3,780$2,892$2,195$1,013
24 years$5,945$4,586$3,496$2,638$1,973$873
25 years$5,646$4,304$3,238$2,409$1,776$753
26 years$5,371$4,045$3,003$2,203$1,599$650
27 years$5,117$3,807$2,789$2,016$1,442$562
28 years$4,881$3,587$2,593$1,847$1,301$485
29 years$4,662$3,384$2,413$1,694$1,175$420
30 years$4,458$3,196$2,247$1,555$1,062$363
31 years$4,267$3,021$2,095$1,428$960$314
32 years$4,089$2,859$1,955$1,312$868$272
33 years$3,922$2,707$1,825$1,207$786$235
34 years$3,765$2,566$1,705$1,110$711$203
35 years$3,617$2,434$1,594$1,022$644$176
36 years$3,478$2,310$1,491$941$584$152
37 years$3,347$2,194$1,396$867$529$132
38 years$3,223$2,085$1,307$799$480$114
39 years$3,105$1,983$1,225$737$435$99
40 years$2,994$1,886$1,148$680$395$86
41 years$2,888$1,795$1,076$627$358$74
42 years$2,788$1,710$1,010$579$325$64
43 years$2,693$1,629$948$534$295$56
44 years$2,602$1,553$889$493$268$48
45 years$2,516$1,481$835$456$243$42
46 years$2,433$1,413$784$421$221$36
47 years$2,354$1,348$737$389$200$31
48 years$2,279$1,287$692$359$182$27
49 years$2,207$1,229$651$332$165$24
50 years$2,138$1,174$612$307$150$20

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 $5,903 every year, while hoping to spend $32,987 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: 46/48/6 Blend
39$2,190,000$2,190,000$2,190,000$2,190,000
40$2,419,469$2,303,399$2,269,454$2,526,572
41$2,631,157$2,381,168$2,310,383$2,678,561
42$2,863,331$2,461,641$2,351,577$2,839,410
43$3,118,047$2,544,918$2,393,011$3,013,114
44$3,397,568$2,631,099$2,434,657$3,200,870
45$3,704,386$2,720,289$2,476,484$3,403,993
46$4,041,248$2,812,598$2,518,461$3,623,928
47$4,411,179$2,908,139$2,560,553$3,862,264
48$4,817,512$3,007,029$2,602,724$4,120,747
49$5,263,916$3,109,392$2,644,933$4,401,297
50$5,754,437$3,215,354$2,687,140$4,706,025
51$6,293,530$3,325,046$2,729,299$5,037,255
52$6,886,102$3,438,606$2,771,363$5,397,538
53$7,537,562$3,556,175$2,813,281$5,789,687
54$8,253,866$3,677,900$2,854,999$6,216,790
55$9,041,579$3,803,936$2,896,460$6,682,250
56$9,907,932$3,934,441$2,937,603$7,189,808
57$10,860,892$4,069,580$2,978,364$7,743,583
58$11,909,239$4,209,525$3,018,675$8,348,107
59$13,062,643$4,354,454$3,058,463$9,008,369
60$14,331,763$4,504,552$3,097,651$9,729,859
61$15,728,340$4,660,012$3,136,160$10,518,621
62$17,265,312$4,821,034$3,173,903$11,381,310
63$18,956,935$4,987,826$3,210,789$12,325,251
64$20,818,916$5,160,603$3,246,724$13,358,510
65$22,868,562$5,339,590$3,281,607$14,489,967
66$25,124,946$5,525,019$3,315,331$15,729,400
67$27,609,080$5,717,135$3,347,784$17,087,578
68$30,344,119$5,916,187$3,378,847$18,576,356
69$33,355,578$6,122,440$3,408,398$20,208,795
70$36,671,571$6,336,163$3,436,303$21,999,273
71$40,323,078$6,557,642$3,462,426$23,963,631
72$44,344,235$6,787,169$3,486,620$26,119,311
73$48,772,658$7,025,052$3,508,734$28,485,527
74$53,649,798$7,271,609$3,528,605$31,083,441
75$59,021,330$7,527,170$3,546,066$33,936,364
76$64,937,585$7,792,080$3,560,938$37,069,971
77$71,454,023$8,066,697$3,573,034$40,512,547
78$78,631,762$8,351,394$3,582,160$44,295,247
79$86,538,148$8,646,558$3,588,108$48,452,394
80$95,247,392$8,952,592$3,590,662$53,021,797
81$104,841,272$9,269,916$3,589,596$58,045,109
82$115,409,907$9,598,966$3,584,672$63,568,216
83$127,052,598$9,940,197$3,575,640$69,641,671
84$139,878,778$10,294,081$3,562,238$76,321,169
85$154,009,032$10,661,109$3,544,192$83,668,069
86$169,576,244$11,041,795$3,521,213$91,749,972
87$186,726,848$11,436,670$3,493,001$100,641,357
88$205,622,210$11,846,290$3,459,240$110,424,286
89$226,440,149$12,271,232$3,419,598$121,189,168
90$249,376,618$12,712,097$3,373,729$133,035,618
91$274,647,554$13,169,510$3,321,270$146,073,391
92$302,490,913$13,644,125$3,261,841$160,423,417
93$333,168,918$14,136,618$3,195,044$176,218,939
94$366,970,533$14,647,698$3,120,463$193,606,770
95$404,214,192$15,178,100$3,037,663$212,748,673
96$445,250,804$15,728,591$2,946,189$233,822,890
97$490,467,062$16,299,968$2,845,563$257,025,817
98$540,289,100$16,893,064$2,735,287$282,573,858
99$595,186,510$17,508,746$2,614,840$310,705,461
100$655,676,775$18,147,916$2,483,679$341,683,371