Can I retire at age 40 with 2,220,000?

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 $2,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$183,326$181,693$180,099$178,544$177,026$172,887
2 years$90,755$89,065$87,427$85,839$84,298$80,152
3 years$59,902$58,205$56,571$54,998$53,482$49,458
4 years$44,479$42,787$41,169$39,623$38,144$34,273
5 years$35,228$33,545$31,949$30,434$28,996$25,289
6 years$29,062$27,392$25,820$24,338$22,944$19,404
7 years$24,659$23,004$21,456$20,010$18,660$15,288
8 years$21,359$19,719$18,197$16,786$15,480$12,275
9 years$18,794$17,169$15,673$14,298$13,036$9,996
10 years$16,742$15,133$13,664$12,325$11,108$8,229
11 years$15,065$13,472$12,029$10,726$9,553$6,831
12 years$13,669$12,092$10,676$9,408$8,278$5,709
13 years$12,488$10,928$9,538$8,306$7,219$4,797
14 years$11,477$9,933$8,570$7,373$6,328$4,049
15 years$10,601$9,074$7,738$6,576$5,572$3,430
16 years$9,835$8,325$7,015$5,888$4,924$2,915
17 years$9,161$7,667$6,384$5,290$4,366$2,483
18 years$8,562$7,085$5,827$4,768$3,882$2,120
19 years$8,026$6,566$5,335$4,308$3,460$1,813
20 years$7,545$6,102$4,896$3,902$3,091$1,553
21 years$7,110$5,683$4,503$3,541$2,766$1,332
22 years$6,715$5,305$4,150$3,220$2,479$1,144
23 years$6,356$4,962$3,832$2,932$2,226$983
24 years$6,026$4,649$3,544$2,674$2,000$845
25 years$5,724$4,363$3,283$2,442$1,800$727
26 years$5,445$4,100$3,044$2,233$1,621$626
27 years$5,187$3,859$2,827$2,044$1,462$540
28 years$4,948$3,636$2,628$1,873$1,319$465
29 years$4,726$3,430$2,446$1,717$1,191$401
30 years$4,519$3,240$2,278$1,576$1,076$346
31 years$4,326$3,062$2,124$1,448$973$299
32 years$4,145$2,898$1,982$1,330$880$258
33 years$3,976$2,744$1,850$1,223$797$222
34 years$3,817$2,601$1,729$1,126$721$192
35 years$3,667$2,467$1,616$1,036$653$166
36 years$3,526$2,341$1,512$954$592$143
37 years$3,393$2,224$1,415$879$536$124
38 years$3,267$2,113$1,325$810$486$107
39 years$3,148$2,010$1,242$747$441$92
40 years$3,035$1,912$1,164$689$400$80
41 years$2,928$1,820$1,091$636$363$69
42 years$2,826$1,733$1,024$587$329$60
43 years$2,730$1,652$960$542$299$51
44 years$2,638$1,574$902$500$271$44
45 years$2,550$1,501$847$462$246$38
46 years$2,466$1,432$795$427$224$33
47 years$2,387$1,367$747$394$203$29
48 years$2,310$1,305$702$364$184$25
49 years$2,237$1,246$660$337$167$21
50 years$2,167$1,190$620$311$152$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,220,000, adding $3,736 every year, while hoping to spend $53,602 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: 42/36/22 Blend
39$2,220,000$2,220,000$2,220,000$2,220,000
40$2,450,294$2,332,634$2,298,224$2,537,275
41$2,643,192$2,389,901$2,318,182$2,656,852
42$2,853,968$2,448,177$2,337,013$2,780,818
43$3,084,391$2,507,456$2,354,621$2,913,983
44$3,336,406$2,567,728$2,370,907$3,057,219
45$3,612,155$2,628,982$2,385,768$3,211,491
46$3,913,996$2,691,203$2,399,092$3,377,860
47$4,244,527$2,754,376$2,410,765$3,557,496
48$4,606,608$2,818,480$2,420,666$3,751,688
49$5,003,390$2,883,493$2,428,665$3,961,856
50$5,438,340$2,949,389$2,434,631$4,189,566
51$5,915,281$3,016,139$2,438,421$4,436,544
52$6,438,420$3,083,710$2,439,888$4,704,691
53$7,012,392$3,152,065$2,438,878$4,996,104
54$7,642,303$3,221,163$2,435,227$5,313,093
55$8,333,776$3,290,959$2,428,765$5,658,205
56$9,093,007$3,361,401$2,419,314$6,034,248
57$9,926,817$3,432,433$2,406,685$6,444,316
58$10,842,726$3,503,996$2,390,683$6,891,822
59$11,849,014$3,576,022$2,371,100$7,380,526
60$12,954,804$3,648,437$2,347,722$7,914,574
61$14,170,145$3,721,162$2,320,323$8,498,537
62$15,506,111$3,794,110$2,288,664$9,137,452
63$16,974,900$3,867,187$2,252,500$9,836,874
64$18,589,951$3,940,290$2,211,570$10,602,925
65$20,366,070$4,013,309$2,165,602$11,442,357
66$22,319,573$4,086,124$2,114,313$12,362,608
67$24,468,431$4,158,606$2,057,405$13,371,884
68$26,832,450$4,230,616$1,994,566$14,479,225
69$29,433,447$4,302,004$1,925,472$15,694,602
70$32,295,466$4,372,609$1,849,782$17,029,003
71$35,444,994$4,442,258$1,767,140$18,494,542
72$38,911,219$4,510,764$1,677,175$20,104,574
73$42,726,300$4,577,928$1,579,497$21,873,819
74$46,925,673$4,643,537$1,473,700$23,818,507
75$51,548,382$4,707,361$1,359,360$25,956,526
76$56,637,451$4,769,155$1,236,032$28,307,596
77$62,240,285$4,828,658$1,103,254$30,893,453
78$68,409,122$4,885,590$960,541$33,738,061
79$75,201,521$4,939,652$807,387$36,867,832
80$82,680,906$4,990,525$643,265$40,311,882
81$90,917,166$5,037,869$467,622$44,102,305
82$99,987,314$5,081,322$279,884$48,274,477
83$109,976,210$5,120,496$79,450$52,867,393
84$120,977,363$5,154,981$0$57,924,036
85$133,093,818$5,184,338$0$63,523,345
86$146,439,118$5,208,102$0$69,707,937
87$161,138,386$5,225,777$0$76,516,863
88$177,329,498$5,236,836$0$84,013,740
89$195,164,385$5,240,719$0$92,268,675
90$214,810,469$5,236,832$0$101,358,931
91$236,452,243$5,224,542$0$111,369,658
92$260,293,008$5,203,181$0$122,394,700
93$286,556,794$5,172,036$0$134,537,475
94$315,490,473$5,130,352$0$147,911,960
95$347,366,092$5,077,330$0$162,643,766
96$382,483,435$5,012,121$0$178,871,321
97$421,172,857$4,933,825$0$196,747,188
98$463,798,396$4,841,491$0$216,439,496
99$510,761,217$4,734,109$0$238,133,537
100$562,503,390$4,610,609$0$262,033,515