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%13.7%
1 years$183,326$181,693$180,099$178,544$177,026$174,309
2 years$90,755$89,065$87,427$85,839$84,298$81,567
3 years$59,902$58,205$56,571$54,998$53,482$50,822
4 years$44,479$42,787$41,169$39,623$38,144$35,576
5 years$35,228$33,545$31,949$30,434$28,996$26,527
6 years$29,062$27,392$25,820$24,338$22,944$20,577
7 years$24,659$23,004$21,456$20,010$18,660$16,395
8 years$21,359$19,719$18,197$16,786$15,480$13,318
9 years$18,794$17,169$15,673$14,298$13,036$10,976
10 years$16,742$15,133$13,664$12,325$11,108$9,147
11 years$15,065$13,472$12,029$10,726$9,553$7,690
12 years$13,669$12,092$10,676$9,408$8,278$6,511
13 years$12,488$10,928$9,538$8,306$7,219$5,544
14 years$11,477$9,933$8,570$7,373$6,328$4,743
15 years$10,601$9,074$7,738$6,576$5,572$4,074
16 years$9,835$8,325$7,015$5,888$4,924$3,511
17 years$9,161$7,667$6,384$5,290$4,366$3,034
18 years$8,562$7,085$5,827$4,768$3,882$2,628
19 years$8,026$6,566$5,335$4,308$3,460$2,281
20 years$7,545$6,102$4,896$3,902$3,091$1,984
21 years$7,110$5,683$4,503$3,541$2,766$1,727
22 years$6,715$5,305$4,150$3,220$2,479$1,506
23 years$6,356$4,962$3,832$2,932$2,226$1,315
24 years$6,026$4,649$3,544$2,674$2,000$1,149
25 years$5,724$4,363$3,283$2,442$1,800$1,004
26 years$5,445$4,100$3,044$2,233$1,621$879
27 years$5,187$3,859$2,827$2,044$1,462$770
28 years$4,948$3,636$2,628$1,873$1,319$674
29 years$4,726$3,430$2,446$1,717$1,191$591
30 years$4,519$3,240$2,278$1,576$1,076$518
31 years$4,326$3,062$2,124$1,448$973$455
32 years$4,145$2,898$1,982$1,330$880$399
33 years$3,976$2,744$1,850$1,223$797$350
34 years$3,817$2,601$1,729$1,126$721$307
35 years$3,667$2,467$1,616$1,036$653$270
36 years$3,526$2,341$1,512$954$592$237
37 years$3,393$2,224$1,415$879$536$208
38 years$3,267$2,113$1,325$810$486$183
39 years$3,148$2,010$1,242$747$441$161
40 years$3,035$1,912$1,164$689$400$141
41 years$2,928$1,820$1,091$636$363$124
42 years$2,826$1,733$1,024$587$329$109
43 years$2,730$1,652$960$542$299$96
44 years$2,638$1,574$902$500$271$84
45 years$2,550$1,501$847$462$246$74
46 years$2,466$1,432$795$427$224$65
47 years$2,387$1,367$747$394$203$57
48 years$2,310$1,305$702$364$184$50
49 years$2,237$1,246$660$337$167$44
50 years$2,167$1,190$620$311$152$39

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 $3,327 every year, while hoping to spend $30,571 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: 50/35/15 Blend
39$2,220,000$2,220,000$2,220,000$2,220,000
40$2,449,872$2,332,212$2,297,802$2,562,117
41$2,667,231$2,413,963$2,342,251$2,721,419
42$2,905,737$2,498,695$2,387,164$2,890,982
43$3,167,513$2,586,522$2,432,526$3,074,576
44$3,454,901$2,677,563$2,478,316$3,273,531
45$3,770,477$2,771,940$2,524,516$3,489,308
46$4,117,083$2,869,782$2,571,104$3,723,518
47$4,497,845$2,971,221$2,618,056$3,977,928
48$4,916,211$3,076,397$2,665,347$4,254,484
49$5,375,978$3,185,453$2,712,949$4,555,328
50$5,881,327$3,298,540$2,760,833$4,882,815
51$6,436,868$3,415,814$2,808,966$5,239,536
52$7,047,676$3,537,437$2,857,314$5,628,342
53$7,719,346$3,663,578$2,905,841$6,052,374
54$8,458,039$3,794,414$2,954,507$6,515,083
55$9,270,546$3,930,127$3,003,270$7,020,273
56$10,164,347$4,070,908$3,052,084$7,572,129
57$11,147,684$4,216,956$3,100,903$8,175,256
58$12,229,639$4,368,478$3,149,674$8,834,728
59$13,420,217$4,525,688$3,198,343$9,556,128
60$14,730,443$4,688,811$3,246,851$10,345,605
61$16,172,465$4,858,079$3,295,138$11,209,927
62$17,759,668$5,033,737$3,343,137$12,156,549
63$19,506,801$5,216,037$3,390,778$13,193,680
64$21,430,114$5,405,242$3,437,989$14,330,359
65$23,547,515$5,601,628$3,484,690$15,576,543
66$25,878,733$5,805,479$3,530,799$16,943,194
67$28,445,510$6,017,094$3,576,228$18,442,388
68$31,271,804$6,236,784$3,620,883$20,087,426
69$34,384,013$6,464,871$3,664,668$21,892,956
70$37,811,226$6,701,693$3,707,477$23,875,115
71$41,585,495$6,947,601$3,749,202$26,051,675
72$45,742,142$7,202,960$3,789,727$28,442,215
73$50,320,087$7,468,151$3,828,929$31,068,301
74$55,362,219$7,743,573$3,866,681$33,953,691
75$60,915,796$8,029,639$3,902,846$37,124,557
76$67,032,898$8,326,782$3,937,281$40,609,729
77$73,770,909$8,635,450$3,969,836$44,440,970
78$81,193,069$8,956,114$4,000,353$48,653,272
79$89,369,061$9,289,263$4,028,664$53,285,184
80$98,375,675$9,635,406$4,054,594$58,379,178
81$108,297,529$9,995,076$4,077,957$63,982,046
82$119,227,869$10,368,827$4,098,561$70,145,339
83$131,269,450$10,757,238$4,116,201$76,925,857
84$144,535,502$11,160,911$4,130,663$84,386,179
85$159,150,804$11,580,477$4,141,721$92,595,252
86$175,252,856$12,016,590$4,149,138$101,629,045
87$192,993,181$12,469,936$4,152,668$111,571,260
88$212,538,752$12,941,229$4,152,048$122,514,121
89$234,073,569$13,431,214$4,147,006$134,559,243
90$257,800,397$13,940,667$4,137,255$147,818,592
91$283,942,678$14,470,401$4,122,494$162,415,535
92$312,746,641$15,021,261$4,102,407$178,486,006
93$344,483,626$15,594,130$4,076,665$196,179,788
94$379,452,643$16,189,929$4,044,920$215,661,919
95$417,983,197$16,809,621$4,006,811$237,114,254
96$460,438,400$17,454,208$3,961,955$260,737,178
97$507,218,392$18,124,740$3,909,956$286,751,490
98$558,764,124$18,822,309$3,850,396$315,400,494
99$615,561,519$19,548,056$3,782,838$346,952,283
100$678,146,057$20,303,174$3,706,826$381,702,274