Can I retire at age 40 with 2,240,000?

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 $2,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$184,977$183,329$181,722$180,153$178,621$171,534
2 years$91,573$89,867$88,215$86,612$85,057$78,005
3 years$60,442$58,729$57,081$55,493$53,964$47,169
4 years$44,880$43,172$41,540$39,980$38,488$32,001
5 years$35,545$33,848$32,237$30,708$29,258$23,096
6 years$29,324$27,639$26,052$24,558$23,151$17,318
7 years$24,882$23,211$21,649$20,190$18,828$13,322
8 years$21,552$19,896$18,360$16,937$15,619$10,435
9 years$18,963$17,323$15,814$14,427$13,154$8,283
10 years$16,893$15,270$13,787$12,436$11,208$6,641
11 years$15,201$13,594$12,138$10,823$9,639$5,365
12 years$13,792$12,201$10,772$9,493$8,353$4,361
13 years$12,600$11,026$9,624$8,381$7,284$3,562
14 years$11,580$10,022$8,647$7,440$6,385$2,920
15 years$10,696$9,156$7,807$6,635$5,622$2,401
16 years$9,924$8,400$7,078$5,941$4,969$1,980
17 years$9,243$7,736$6,441$5,338$4,406$1,635
18 years$8,639$7,149$5,880$4,810$3,917$1,353
19 years$8,099$6,625$5,383$4,347$3,491$1,121
20 years$7,613$6,157$4,940$3,937$3,119$930
21 years$7,174$5,735$4,544$3,573$2,791$772
22 years$6,776$5,353$4,188$3,249$2,502$642
23 years$6,413$5,007$3,867$2,959$2,246$533
24 years$6,080$4,691$3,576$2,698$2,018$444
25 years$5,775$4,402$3,312$2,464$1,816$369
26 years$5,494$4,137$3,072$2,253$1,636$307
27 years$5,234$3,894$2,853$2,062$1,475$256
28 years$4,992$3,669$2,652$1,890$1,331$213
29 years$4,768$3,461$2,468$1,733$1,202$178
30 years$4,560$3,269$2,299$1,590$1,086$148
31 years$4,365$3,090$2,143$1,461$982$123
32 years$4,182$2,924$1,999$1,342$888$103
33 years$4,012$2,769$1,867$1,234$804$86
34 years$3,851$2,624$1,744$1,136$728$71
35 years$3,700$2,489$1,631$1,045$659$60
36 years$3,558$2,363$1,526$963$597$50
37 years$3,423$2,244$1,428$887$541$41
38 years$3,296$2,132$1,337$818$491$35
39 years$3,176$2,028$1,253$754$445$29
40 years$3,062$1,929$1,174$695$404$24
41 years$2,954$1,836$1,101$642$366$20
42 years$2,852$1,749$1,033$592$332$17
43 years$2,754$1,666$969$547$302$14
44 years$2,661$1,588$910$505$274$12
45 years$2,573$1,515$854$466$248$10
46 years$2,489$1,445$802$431$226$8
47 years$2,408$1,379$754$398$205$7
48 years$2,331$1,316$708$368$186$6
49 years$2,257$1,257$666$340$169$5
50 years$2,187$1,201$626$314$153$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,240,000, adding $2,177 every year, while hoping to spend $27,457 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: 45/31/24 Blend
39$2,240,000$2,240,000$2,240,000$2,240,000
40$2,470,726$2,352,006$2,317,286$2,564,706
41$2,693,526$2,438,040$2,365,701$2,717,353
42$2,938,131$2,527,369$2,414,817$2,879,949
43$3,206,737$2,620,127$2,464,630$3,055,736
44$3,501,761$2,716,451$2,515,133$3,245,956
45$3,825,868$2,816,484$2,566,317$3,451,976
46$4,181,992$2,920,377$2,618,174$3,675,298
47$4,573,367$3,028,287$2,670,694$3,917,573
48$5,003,553$3,140,376$2,723,865$4,180,617
49$5,476,474$3,256,813$2,777,673$4,466,429
50$5,996,454$3,377,777$2,832,105$4,777,206
51$6,568,256$3,503,451$2,887,144$5,115,366
52$7,197,126$3,634,029$2,942,772$5,483,571
53$7,888,847$3,769,710$2,998,969$5,884,746
54$8,649,789$3,910,705$3,055,713$6,322,114
55$9,486,969$4,057,231$3,112,981$6,799,220
56$10,408,120$4,209,516$3,170,747$7,319,967
57$11,421,764$4,367,798$3,228,983$7,888,651
58$12,537,289$4,532,324$3,287,658$8,510,000
59$13,765,037$4,703,353$3,346,739$9,189,220
60$15,116,408$4,881,155$3,406,192$9,932,042
61$16,603,959$5,066,009$3,465,977$10,744,775
62$18,241,530$5,258,210$3,526,054$11,634,368
63$20,044,368$5,458,064$3,586,379$12,608,471
64$22,029,274$5,665,891$3,646,904$13,675,508
65$24,214,763$5,882,022$3,707,578$14,844,755
66$26,621,235$6,106,807$3,768,348$16,126,429
67$29,271,169$6,340,609$3,829,155$17,531,782
68$32,189,335$6,583,805$3,889,939$19,073,205
69$35,403,028$6,836,792$3,950,632$20,764,346
70$38,942,324$7,099,983$4,011,166$22,620,236
71$42,840,367$7,373,808$4,071,466$24,657,433
72$47,133,676$7,658,716$4,131,452$26,894,175
73$51,862,497$7,955,179$4,191,041$29,350,551
74$57,071,174$8,263,685$4,250,144$32,048,689
75$62,808,576$8,584,748$4,308,665$35,012,965
76$69,128,551$8,918,901$4,366,506$38,270,233
77$76,090,438$9,266,702$4,423,559$41,850,075
78$83,759,628$9,628,736$4,479,713$45,785,079
79$92,208,176$10,005,609$4,534,850$50,111,145
80$101,515,485$10,397,960$4,588,843$54,867,828
81$111,769,056$10,806,451$4,641,560$60,098,700
82$123,065,308$11,231,776$4,692,861$65,851,767
83$135,510,497$11,674,660$4,742,599$72,179,922
84$149,221,709$12,135,860$4,790,618$79,141,434
85$164,327,973$12,616,166$4,836,753$86,800,506
86$180,971,474$13,116,406$4,880,832$95,227,873
87$199,308,896$13,637,442$4,922,671$104,501,472
88$219,512,903$14,180,176$4,962,080$114,707,170
89$241,773,765$14,745,551$4,998,856$125,939,581
90$266,301,158$15,334,552$5,032,787$138,302,950
91$293,326,138$15,948,207$5,063,647$151,912,138
92$323,103,327$16,587,592$5,091,203$166,893,703
93$355,913,315$17,253,832$5,115,206$183,387,093
94$392,065,305$17,948,102$5,135,397$201,545,962
95$431,900,035$18,671,629$5,151,503$221,539,613
96$475,792,997$19,425,696$5,163,236$243,554,598
97$524,157,974$20,211,647$5,170,296$267,796,475
98$577,450,953$21,030,883$5,172,366$294,491,745
99$636,174,425$21,884,871$5,169,115$323,889,989
100$700,882,131$22,775,144$5,160,195$356,266,220