Can I retire at age 40 with 2,200,000?

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 $2,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$181,674$180,056$178,477$176,936$175,431$172,030
2 years$89,938$88,263$86,639$85,065$83,539$80,126
3 years$59,363$57,681$56,061$54,502$53,000$49,682
4 years$44,078$42,401$40,798$39,266$37,800$34,602
5 years$34,910$33,243$31,661$30,160$28,735$25,667
6 years$28,800$27,146$25,587$24,119$22,737$19,802
7 years$24,437$22,797$21,263$19,830$18,491$15,689
8 years$21,167$19,541$18,033$16,635$15,340$12,671
9 years$18,624$17,014$15,531$14,169$12,919$10,381
10 years$16,592$14,997$13,541$12,214$11,007$8,598
11 years$14,930$13,351$11,921$10,630$9,467$7,183
12 years$13,546$11,983$10,580$9,324$8,204$6,042
13 years$12,375$10,829$9,452$8,231$7,154$5,111
14 years$11,373$9,843$8,493$7,307$6,271$4,344
15 years$10,505$8,992$7,668$6,516$5,521$3,706
16 years$9,747$8,250$6,952$5,835$4,880$3,171
17 years$9,078$7,598$6,326$5,243$4,327$2,721
18 years$8,485$7,021$5,775$4,725$3,847$2,340
19 years$7,954$6,507$5,287$4,269$3,429$2,016
20 years$7,477$6,047$4,852$3,866$3,063$1,740
21 years$7,046$5,632$4,463$3,509$2,741$1,504
22 years$6,655$5,257$4,113$3,191$2,457$1,301
23 years$6,298$4,917$3,798$2,906$2,205$1,127
24 years$5,972$4,607$3,512$2,650$1,982$977
25 years$5,672$4,323$3,253$2,420$1,784$848
26 years$5,396$4,063$3,017$2,213$1,607$736
27 years$5,140$3,824$2,802$2,026$1,449$639
28 years$4,903$3,603$2,604$1,856$1,307$555
29 years$4,683$3,399$2,424$1,702$1,180$483
30 years$4,478$3,210$2,258$1,562$1,066$420
31 years$4,287$3,035$2,105$1,434$964$365
32 years$4,108$2,872$1,964$1,318$872$318
33 years$3,940$2,719$1,833$1,212$789$277
34 years$3,782$2,577$1,713$1,115$715$241
35 years$3,634$2,445$1,602$1,027$647$210
36 years$3,494$2,320$1,498$946$586$183
37 years$3,362$2,204$1,402$871$532$159
38 years$3,238$2,094$1,313$803$482$139
39 years$3,120$1,992$1,230$740$437$121
40 years$3,008$1,895$1,153$683$396$105
41 years$2,902$1,804$1,081$630$360$92
42 years$2,801$1,718$1,014$582$326$80
43 years$2,705$1,637$952$537$296$70
44 years$2,614$1,560$893$496$269$61
45 years$2,527$1,488$839$458$244$53
46 years$2,444$1,419$788$423$222$46
47 years$2,365$1,354$740$391$201$40
48 years$2,289$1,293$696$361$183$35
49 years$2,217$1,235$654$334$166$31
50 years$2,148$1,179$615$308$151$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,200,000, adding $3,820 every year, while hoping to spend $56,542 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: 52/27/21 Blend
39$2,200,000$2,200,000$2,200,000$2,200,000
40$2,428,340$2,311,740$2,277,640$2,540,329
41$2,615,871$2,364,855$2,293,781$2,671,037
42$2,820,634$2,418,678$2,308,567$2,806,967
43$3,044,329$2,473,183$2,321,894$2,953,627
44$3,288,824$2,528,343$2,333,651$3,112,054
45$3,556,178$2,584,125$2,343,723$3,283,396
46$3,848,657$2,640,496$2,351,986$3,468,915
47$4,168,755$2,697,416$2,358,313$3,670,001
48$4,519,221$2,754,842$2,362,569$3,888,188
49$4,903,080$2,812,728$2,364,614$4,125,166
50$5,323,664$2,871,021$2,364,298$4,382,797
51$5,784,642$2,929,666$2,361,466$4,663,135
52$6,290,056$2,988,600$2,355,956$4,968,443
53$6,844,357$3,047,756$2,347,595$5,301,215
54$7,452,446$3,107,061$2,336,205$5,664,201
55$8,119,725$3,166,436$2,321,597$6,060,433
56$8,852,141$3,225,796$2,303,575$6,493,252
57$9,656,246$3,285,046$2,281,931$6,966,341
58$10,539,256$3,344,087$2,256,449$7,483,761
59$11,509,123$3,402,810$2,226,903$8,049,989
60$12,574,605$3,461,099$2,193,055$8,669,958
61$13,745,350$3,518,828$2,154,658$9,349,109
62$15,031,987$3,575,861$2,111,450$10,093,438
63$16,446,226$3,632,055$2,063,160$10,909,555
64$18,000,968$3,687,253$2,009,503$11,804,748
65$19,710,427$3,741,288$1,950,181$12,787,049
66$21,590,261$3,793,982$1,884,883$13,865,314
67$23,657,723$3,845,143$1,813,283$15,049,305
68$25,931,823$3,894,567$1,735,039$16,349,783
69$28,433,502$3,942,034$1,649,796$17,778,609
70$31,185,836$3,987,311$1,557,182$19,348,861
71$34,214,251$4,030,148$1,456,806$21,074,953
72$37,546,758$4,070,279$1,348,263$22,972,774
73$41,214,225$4,107,421$1,231,128$25,059,840
74$45,250,661$4,141,269$1,104,955$27,355,457
75$49,693,540$4,171,503$969,283$29,880,908
76$54,584,153$4,197,778$823,626$32,659,653
77$59,967,997$4,219,730$667,478$35,717,550
78$65,895,206$4,236,970$500,311$39,083,104
79$72,421,020$4,249,084$321,574$42,787,733
80$79,606,308$4,255,634$130,692$46,866,069
81$87,518,144$4,256,153$0$51,356,286
82$96,230,435$4,250,145$0$56,316,818
83$105,824,621$4,237,083$0$61,810,000
84$116,390,443$4,216,411$0$67,857,781
85$128,026,787$4,187,534$0$74,516,660
86$140,842,621$4,149,824$0$81,848,898
87$154,958,018$4,102,616$0$89,923,115
88$170,505,294$4,045,202$0$98,814,930
89$187,630,250$3,976,833$0$108,607,681
90$206,493,555$3,896,717$0$119,393,211
91$227,272,255$3,804,014$0$131,272,736
92$250,161,448$3,697,834$0$144,357,802
93$275,376,123$3,577,234$0$158,771,337
94$303,153,187$3,441,219$0$174,648,816
95$333,753,707$3,288,733$0$192,139,539
96$367,465,364$3,118,660$0$211,408,044
97$404,605,177$2,929,820$0$232,635,658
98$445,522,489$2,720,965$0$256,022,213
99$490,602,265$2,490,775$0$281,787,936
100$540,268,728$2,237,855$0$310,175,526