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%15.5%
1 years$184,151$182,511$180,911$179,349$177,823$173,807
2 years$91,164$89,466$87,821$86,225$84,678$80,653
3 years$60,172$58,467$56,826$55,245$53,723$49,815
4 years$44,679$42,980$41,355$39,801$38,316$34,555
5 years$35,386$33,696$32,093$30,571$29,127$25,524
6 years$29,193$27,516$25,936$24,448$23,047$19,606
7 years$24,771$23,108$21,553$20,100$18,744$15,465
8 years$21,455$19,808$18,278$16,861$15,550$12,432
9 years$18,878$17,246$15,743$14,362$13,095$10,136
10 years$16,818$15,202$13,725$12,380$11,158$8,354
11 years$15,133$13,533$12,084$10,775$9,596$6,944
12 years$13,730$12,147$10,724$9,451$8,316$5,811
13 years$12,544$10,977$9,581$8,344$7,251$4,890
14 years$11,528$9,978$8,609$7,407$6,357$4,133
15 years$10,649$9,115$7,772$6,605$5,597$3,506
16 years$9,880$8,363$7,047$5,914$4,946$2,983
17 years$9,202$7,702$6,412$5,314$4,386$2,545
18 years$8,600$7,117$5,854$4,789$3,900$2,176
19 years$8,062$6,596$5,359$4,327$3,476$1,864
20 years$7,579$6,129$4,918$3,919$3,105$1,599
21 years$7,142$5,709$4,524$3,557$2,778$1,373
22 years$6,746$5,329$4,169$3,234$2,490$1,181
23 years$6,384$4,984$3,850$2,945$2,236$1,016
24 years$6,053$4,670$3,560$2,686$2,009$876
25 years$5,749$4,382$3,297$2,453$1,808$755
26 years$5,469$4,119$3,058$2,243$1,629$651
27 years$5,210$3,876$2,840$2,053$1,468$562
28 years$4,970$3,653$2,640$1,881$1,325$485
29 years$4,747$3,446$2,457$1,725$1,196$419
30 years$4,539$3,254$2,288$1,583$1,081$362
31 years$4,345$3,076$2,133$1,454$977$313
32 years$4,164$2,911$1,990$1,336$884$270
33 years$3,994$2,757$1,858$1,229$800$234
34 years$3,834$2,613$1,736$1,131$724$202
35 years$3,683$2,478$1,623$1,041$656$175
36 years$3,542$2,352$1,519$959$594$151
37 years$3,408$2,234$1,421$883$539$131
38 years$3,282$2,123$1,331$814$488$113
39 years$3,162$2,019$1,247$751$443$98
40 years$3,049$1,921$1,169$692$402$85
41 years$2,941$1,828$1,096$639$365$73
42 years$2,839$1,741$1,028$589$331$64
43 years$2,742$1,659$965$544$300$55
44 years$2,650$1,581$906$502$272$48
45 years$2,561$1,508$850$464$247$41
46 years$2,477$1,439$799$429$225$36
47 years$2,397$1,373$750$396$204$31
48 years$2,321$1,311$705$366$185$27
49 years$2,247$1,252$663$338$168$23
50 years$2,177$1,195$623$313$153$20

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 $3,641 every year, while hoping to spend $30,469 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: 81/11/8 Blend
39$2,230,000$2,230,000$2,230,000$2,230,000
40$2,461,216$2,343,026$2,308,461$2,657,815
41$2,679,841$2,425,415$2,353,375$2,869,465
42$2,919,745$2,510,821$2,398,773$3,097,309
43$3,183,065$2,599,357$2,444,639$3,346,459
44$3,472,158$2,691,146$2,490,955$3,619,028
45$3,789,618$2,786,312$2,537,701$3,917,346
46$4,138,302$2,884,984$2,584,857$4,243,979
47$4,521,360$2,987,299$2,632,401$4,601,749
48$4,942,259$3,093,398$2,680,307$4,993,767
49$5,404,821$3,203,426$2,728,549$5,423,459
50$5,913,256$3,317,537$2,777,099$5,894,599
51$6,472,202$3,435,890$2,825,925$6,411,341
52$7,086,767$3,558,649$2,874,994$6,978,262
53$7,762,581$3,685,987$2,924,271$7,600,406
54$8,505,847$3,818,083$2,973,716$8,283,325
55$9,323,398$3,955,124$3,023,290$9,033,138
56$10,222,763$4,097,303$3,072,948$9,856,583
57$11,212,237$4,244,822$3,122,644$10,761,086
58$12,300,959$4,397,893$3,172,327$11,754,824
59$13,499,002$4,556,734$3,221,944$12,846,809
60$14,817,459$4,721,574$3,271,439$14,046,966
61$16,268,559$4,892,650$3,320,751$15,366,231
62$17,865,772$5,070,210$3,369,817$16,816,653
63$19,623,942$5,254,512$3,418,567$18,411,505
64$21,559,425$5,445,824$3,466,930$20,165,414
65$23,690,244$5,644,426$3,514,829$22,094,491
66$26,036,256$5,850,610$3,562,183$24,216,490
67$28,619,344$6,064,680$3,608,906$26,550,972
68$31,463,620$6,286,952$3,654,907$29,119,488
69$34,595,653$6,517,756$3,700,090$31,945,785
70$38,044,719$6,757,436$3,744,353$35,056,028
71$41,843,080$7,006,350$3,787,589$38,479,045
72$46,026,285$7,264,872$3,829,683$42,246,603
73$50,633,505$7,533,390$3,870,517$46,393,703
74$55,707,907$7,812,310$3,909,964$50,958,912
75$61,297,056$8,102,056$3,947,890$55,984,726
76$67,453,367$8,403,068$3,984,156$61,517,970
77$74,234,599$8,715,806$4,018,613$67,610,243
78$81,704,396$9,040,750$4,051,105$74,318,398
79$89,932,897$9,378,398$4,081,469$81,705,085
80$98,997,385$9,729,273$4,109,531$89,839,338
81$108,983,029$10,093,918$4,135,111$98,797,225
82$119,983,677$10,472,899$4,158,017$108,662,568
83$132,102,750$10,866,808$4,178,047$119,527,734
84$145,454,211$11,276,263$4,194,993$131,494,504
85$160,163,646$11,701,905$4,208,630$144,675,034
86$176,369,446$12,144,407$4,218,728$159,192,913
87$194,224,114$12,604,468$4,225,040$175,184,329
88$213,895,706$13,082,819$4,227,311$192,799,356
89$235,569,414$13,580,222$4,225,272$212,203,365
90$259,449,314$14,097,473$4,218,638$233,578,590
91$285,760,297$14,635,402$4,207,115$257,125,841
92$314,750,185$15,194,875$4,190,392$283,066,407
93$346,692,075$15,776,795$4,168,141$311,644,135
94$381,886,915$16,382,107$4,140,023$343,127,740
95$420,666,345$17,011,794$4,105,678$377,813,334
96$463,395,826$17,666,886$4,064,732$416,027,224
97$510,478,092$18,348,455$4,016,792$458,128,988
98$562,356,950$19,057,622$3,961,447$504,514,875
99$619,521,469$19,795,555$3,898,265$555,621,536
100$682,510,598$20,563,477$3,826,797$611,930,154