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

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 $2,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$184,151$182,511$180,911$179,349$177,823$173,595
2 years$91,164$89,466$87,821$86,225$84,678$80,443
3 years$60,172$58,467$56,826$55,245$53,723$49,613
4 years$44,679$42,980$41,355$39,801$38,316$34,363
5 years$35,386$33,696$32,093$30,571$29,127$25,342
6 years$29,193$27,516$25,936$24,448$23,047$19,435
7 years$24,771$23,108$21,553$20,100$18,744$15,303
8 years$21,455$19,808$18,278$16,861$15,550$12,280
9 years$18,878$17,246$15,743$14,362$13,095$9,994
10 years$16,818$15,202$13,725$12,380$11,158$8,222
11 years$15,133$13,533$12,084$10,775$9,596$6,821
12 years$13,730$12,147$10,724$9,451$8,316$5,697
13 years$12,544$10,977$9,581$8,344$7,251$4,784
14 years$11,528$9,978$8,609$7,407$6,357$4,035
15 years$10,649$9,115$7,772$6,605$5,597$3,416
16 years$9,880$8,363$7,047$5,914$4,946$2,901
17 years$9,202$7,702$6,412$5,314$4,386$2,469
18 years$8,600$7,117$5,854$4,789$3,900$2,107
19 years$8,062$6,596$5,359$4,327$3,476$1,800
20 years$7,579$6,129$4,918$3,919$3,105$1,541
21 years$7,142$5,709$4,524$3,557$2,778$1,320
22 years$6,746$5,329$4,169$3,234$2,490$1,133
23 years$6,384$4,984$3,850$2,945$2,236$973
24 years$6,053$4,670$3,560$2,686$2,009$836
25 years$5,749$4,382$3,297$2,453$1,808$719
26 years$5,469$4,119$3,058$2,243$1,629$619
27 years$5,210$3,876$2,840$2,053$1,468$533
28 years$4,970$3,653$2,640$1,881$1,325$459
29 years$4,747$3,446$2,457$1,725$1,196$395
30 years$4,539$3,254$2,288$1,583$1,081$341
31 years$4,345$3,076$2,133$1,454$977$294
32 years$4,164$2,911$1,990$1,336$884$253
33 years$3,994$2,757$1,858$1,229$800$218
34 years$3,834$2,613$1,736$1,131$724$188
35 years$3,683$2,478$1,623$1,041$656$163
36 years$3,542$2,352$1,519$959$594$140
37 years$3,408$2,234$1,421$883$539$121
38 years$3,282$2,123$1,331$814$488$104
39 years$3,162$2,019$1,247$751$443$90
40 years$3,049$1,921$1,169$692$402$78
41 years$2,941$1,828$1,096$639$365$67
42 years$2,839$1,741$1,028$589$331$58
43 years$2,742$1,659$965$544$300$50
44 years$2,650$1,581$906$502$272$43
45 years$2,561$1,508$850$464$247$37
46 years$2,477$1,439$799$429$225$32
47 years$2,397$1,373$750$396$204$28
48 years$2,321$1,311$705$366$185$24
49 years$2,247$1,252$663$338$168$21
50 years$2,177$1,195$623$313$153$18

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 $5,119 every year, while hoping to spend $48,649 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: 58/28/14 Blend
39$2,230,000$2,230,000$2,230,000$2,230,000
40$2,462,740$2,344,550$2,309,985$2,596,549
41$2,662,178$2,407,671$2,335,608$2,750,693
42$2,880,327$2,472,254$2,360,458$2,912,817
43$3,119,046$2,538,320$2,384,459$3,088,404
44$3,380,379$2,605,888$2,407,529$3,278,757
45$3,666,579$2,674,978$2,429,582$3,485,307
46$3,980,125$2,745,607$2,450,528$3,709,632
47$4,323,749$2,817,793$2,470,272$3,953,470
48$4,700,459$2,891,552$2,488,713$4,218,733
49$5,113,567$2,966,900$2,505,747$4,507,528
50$5,566,723$3,043,850$2,521,261$4,822,175
51$6,063,945$3,122,415$2,535,140$5,165,231
52$6,609,660$3,202,606$2,547,260$5,539,510
53$7,208,745$3,284,433$2,557,492$5,948,114
54$7,866,571$3,367,904$2,565,702$6,394,458
55$8,589,054$3,453,025$2,571,747$6,882,307
56$9,382,714$3,539,800$2,575,477$7,415,805
57$10,254,731$3,628,230$2,576,735$7,999,521
58$11,213,016$3,718,315$2,575,358$8,638,486
59$12,266,283$3,810,052$2,571,172$9,338,246
60$13,424,134$3,903,435$2,563,996$10,104,909
61$14,697,147$3,998,454$2,553,641$10,945,207
62$16,096,975$4,095,097$2,539,907$11,866,555
63$17,636,458$4,193,349$2,522,586$12,877,126
64$19,329,742$4,293,189$2,501,458$13,985,923
65$21,192,414$4,394,593$2,476,295$15,202,871
66$23,241,647$4,497,534$2,446,857$16,538,901
67$25,496,360$4,601,979$2,412,892$18,006,061
68$27,977,402$4,707,890$2,374,138$19,617,628
69$30,707,744$4,815,223$2,330,318$21,388,231
70$33,712,695$4,923,930$2,281,145$23,333,992
71$37,020,143$5,033,955$2,226,316$25,472,674
72$40,660,816$5,145,238$2,165,516$27,823,857
73$44,668,574$5,257,709$2,098,415$30,409,112
74$49,080,724$5,371,292$2,024,668$33,252,214
75$53,938,375$5,485,903$1,943,912$36,379,362
76$59,286,827$5,601,450$1,855,771$39,819,427
77$65,175,994$5,717,831$1,759,849$43,604,225
78$71,660,875$5,834,935$1,655,734$47,768,819
79$78,802,078$5,952,640$1,542,994$52,351,849
80$86,666,384$6,070,814$1,421,179$57,395,895
81$95,327,385$6,189,313$1,289,818$62,947,883
82$104,866,170$6,307,982$1,148,419$69,059,526
83$115,372,096$6,426,649$996,468$75,787,814
84$126,943,628$6,545,133$833,428$83,195,551
85$139,689,269$6,663,236$658,739$91,351,948
86$153,728,584$6,780,744$471,815$100,333,280
87$169,193,325$6,897,426$272,047$110,223,602
88$186,228,679$7,013,035$58,795$121,115,547
89$204,994,635$7,127,304$0$133,111,199
90$225,667,493$7,239,947$0$146,348,272
91$248,441,530$7,350,657$0$160,936,543
92$273,530,831$7,459,105$0$177,003,958
93$301,171,312$7,564,936$0$194,701,200
94$331,622,942$7,667,774$0$214,194,321
95$365,172,201$7,767,214$0$235,666,306
96$402,134,782$7,862,824$0$259,318,808
97$442,858,569$7,954,142$0$285,374,043
98$487,726,922$8,040,674$0$314,076,894
99$537,162,296$8,121,895$0$345,697,223
100$591,630,226$8,197,244$0$380,532,415