Can I retire at age 40 with 2,230,000?

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 $2,230,000?

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$184,151$182,511$180,911$179,349$177,823$174,376
2 years$91,164$89,466$87,821$86,225$84,678$81,218
3 years$60,172$58,467$56,826$55,245$53,723$50,360
4 years$44,679$42,980$41,355$39,801$38,316$35,074
5 years$35,386$33,696$32,093$30,571$29,127$26,017
6 years$29,193$27,516$25,936$24,448$23,047$20,072
7 years$24,771$23,108$21,553$20,100$18,744$15,903
8 years$21,455$19,808$18,278$16,861$15,550$12,844
9 years$18,878$17,246$15,743$14,362$13,095$10,522
10 years$16,818$15,202$13,725$12,380$11,158$8,715
11 years$15,133$13,533$12,084$10,775$9,596$7,281
12 years$13,730$12,147$10,724$9,451$8,316$6,125
13 years$12,544$10,977$9,581$8,344$7,251$5,181
14 years$11,528$9,978$8,609$7,407$6,357$4,403
15 years$10,649$9,115$7,772$6,605$5,597$3,756
16 years$9,880$8,363$7,047$5,914$4,946$3,214
17 years$9,202$7,702$6,412$5,314$4,386$2,758
18 years$8,600$7,117$5,854$4,789$3,900$2,372
19 years$8,062$6,596$5,359$4,327$3,476$2,044
20 years$7,579$6,129$4,918$3,919$3,105$1,764
21 years$7,142$5,709$4,524$3,557$2,778$1,524
22 years$6,746$5,329$4,169$3,234$2,490$1,319
23 years$6,384$4,984$3,850$2,945$2,236$1,142
24 years$6,053$4,670$3,560$2,686$2,009$990
25 years$5,749$4,382$3,297$2,453$1,808$859
26 years$5,469$4,119$3,058$2,243$1,629$746
27 years$5,210$3,876$2,840$2,053$1,468$648
28 years$4,970$3,653$2,640$1,881$1,325$563
29 years$4,747$3,446$2,457$1,725$1,196$489
30 years$4,539$3,254$2,288$1,583$1,081$426
31 years$4,345$3,076$2,133$1,454$977$370
32 years$4,164$2,911$1,990$1,336$884$322
33 years$3,994$2,757$1,858$1,229$800$281
34 years$3,834$2,613$1,736$1,131$724$244
35 years$3,683$2,478$1,623$1,041$656$213
36 years$3,542$2,352$1,519$959$594$185
37 years$3,408$2,234$1,421$883$539$161
38 years$3,282$2,123$1,331$814$488$141
39 years$3,162$2,019$1,247$751$443$122
40 years$3,049$1,921$1,169$692$402$107
41 years$2,941$1,828$1,096$639$365$93
42 years$2,839$1,741$1,028$589$331$81
43 years$2,742$1,659$965$544$300$71
44 years$2,650$1,581$906$502$272$62
45 years$2,561$1,508$850$464$247$54
46 years$2,477$1,439$799$429$225$47
47 years$2,397$1,373$750$396$204$41
48 years$2,321$1,311$705$366$185$36
49 years$2,247$1,252$663$338$168$31
50 years$2,177$1,195$623$313$153$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,230,000, adding $5,969 every year, while hoping to spend $44,245 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: 69/15/16 Blend
39$2,230,000$2,230,000$2,230,000$2,230,000
40$2,463,617$2,345,427$2,310,862$2,623,951
41$2,667,830$2,413,277$2,341,200$2,799,346
42$2,891,389$2,482,968$2,371,071$2,985,364
43$3,136,222$2,554,544$2,400,413$3,187,772
44$3,404,450$2,628,051$2,429,160$3,408,178
45$3,698,410$2,703,531$2,457,242$3,648,355
46$4,020,674$2,781,031$2,484,587$3,910,255
47$4,374,079$2,860,597$2,511,116$4,196,027
48$4,761,744$2,942,275$2,536,748$4,508,038
49$5,187,108$3,026,114$2,561,396$4,848,898
50$5,653,960$3,112,159$2,584,969$5,221,478
51$6,166,470$3,200,461$2,607,371$5,628,942
52$6,729,233$3,291,068$2,628,502$6,074,775
53$7,347,313$3,384,028$2,648,255$6,562,817
54$8,026,286$3,479,392$2,666,518$7,097,299
55$8,772,294$3,577,209$2,683,173$7,682,879
56$9,592,106$3,677,530$2,698,097$8,324,691
57$10,493,177$3,780,406$2,711,160$9,028,391
58$11,483,722$3,885,887$2,722,225$9,800,212
59$12,572,791$3,994,024$2,731,148$10,647,017
60$13,770,353$4,104,868$2,737,779$11,576,372
61$15,087,392$4,218,471$2,741,958$12,596,611
62$16,536,013$4,334,882$2,743,521$13,716,918
63$18,129,548$4,454,154$2,742,291$14,947,411
64$19,882,691$4,576,336$2,738,086$16,299,239
65$21,811,627$4,701,478$2,730,714$17,784,688
66$23,934,194$4,829,631$2,719,973$19,417,293
67$26,270,042$4,960,844$2,705,653$21,211,971
68$28,840,826$5,095,165$2,687,532$23,185,159
69$31,670,404$5,232,641$2,665,377$25,354,966
70$34,785,064$5,373,320$2,638,947$27,741,351
71$38,213,775$5,517,247$2,607,986$30,366,304
72$41,988,454$5,664,466$2,572,228$33,254,059
73$46,144,272$5,815,021$2,531,393$36,431,319
74$50,719,983$5,968,952$2,485,190$39,927,512
75$55,758,290$6,126,299$2,433,313$43,775,063
76$61,306,248$6,287,100$2,375,440$48,009,704
77$67,415,706$6,451,389$2,311,239$52,670,814
78$74,143,800$6,619,199$2,240,357$57,801,782
79$81,553,488$6,790,560$2,162,430$63,450,427
80$89,714,146$6,965,499$2,077,073$69,669,440
81$98,702,219$7,144,039$1,983,886$76,516,888
82$108,601,949$7,326,201$1,882,449$84,056,760
83$119,506,163$7,512,000$1,772,326$92,359,571
84$131,517,152$7,701,447$1,653,059$101,503,027
85$144,747,633$7,894,551$1,524,169$111,572,760
86$159,321,820$8,091,312$1,385,156$122,663,136
87$175,376,586$8,291,727$1,235,500$134,878,145
88$193,062,763$8,495,786$1,074,654$148,332,384
89$212,546,559$8,703,474$902,049$163,152,140
90$234,011,132$8,914,768$717,092$179,476,580
91$257,658,313$9,129,637$519,159$197,459,067
92$283,710,514$9,348,043$307,605$217,268,604
93$312,412,829$9,569,939$81,752$239,091,437
94$344,035,340$9,795,269$0$263,132,808
95$378,875,675$10,023,967$0$289,646,085
96$417,261,808$10,255,956$0$318,869,985
97$459,555,163$10,491,148$0$351,065,342
98$506,154,018$10,729,443$0$386,534,983
99$557,497,270$10,970,728$0$425,612,616
100$614,068,573$11,214,875$0$468,665,983