Can I retire at age 40 with 2,280,000?

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 $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$188,280$186,603$184,967$183,370$181,810$174,942
2 years$93,208$91,472$89,790$88,159$86,576$79,737
3 years$61,521$59,778$58,100$56,484$54,928$48,331
4 years$45,681$43,943$42,282$40,694$39,175$32,873
5 years$36,180$34,452$32,812$31,257$29,780$23,788
6 years$29,847$28,133$26,517$24,996$23,564$17,886
7 years$25,326$23,626$22,036$20,551$19,164$13,798
8 years$21,936$20,252$18,688$17,239$15,898$10,840
9 years$19,302$17,633$16,096$14,684$13,389$8,631
10 years$17,195$15,542$14,033$12,658$11,408$6,942
11 years$15,472$13,836$12,354$11,016$9,811$5,627
12 years$14,038$12,419$10,964$9,663$8,502$4,589
13 years$12,825$11,223$9,796$8,531$7,414$3,761
14 years$11,787$10,201$8,802$7,573$6,499$3,094
15 years$10,887$9,319$7,947$6,753$5,722$2,554
16 years$10,101$8,550$7,205$6,047$5,057$2,113
17 years$9,408$7,874$6,556$5,433$4,484$1,752
18 years$8,793$7,276$5,985$4,896$3,987$1,455
19 years$8,243$6,744$5,479$4,424$3,554$1,210
20 years$7,749$6,266$5,028$4,007$3,174$1,008
21 years$7,302$5,837$4,625$3,637$2,841$840
22 years$6,897$5,449$4,263$3,307$2,546$701
23 years$6,527$5,096$3,936$3,011$2,286$585
24 years$6,189$4,775$3,640$2,747$2,054$488
25 years$5,878$4,481$3,371$2,508$1,849$408
26 years$5,592$4,211$3,127$2,293$1,665$341
27 years$5,327$3,963$2,903$2,099$1,501$285
28 years$5,082$3,734$2,699$1,923$1,355$239
29 years$4,854$3,523$2,512$1,764$1,223$200
30 years$4,641$3,327$2,340$1,619$1,105$167
31 years$4,443$3,145$2,181$1,487$999$140
32 years$4,257$2,976$2,035$1,366$904$117
33 years$4,083$2,818$1,900$1,256$818$98
34 years$3,920$2,671$1,775$1,156$741$82
35 years$3,766$2,534$1,660$1,064$671$69
36 years$3,621$2,405$1,553$980$608$57
37 years$3,484$2,284$1,453$903$551$48
38 years$3,355$2,171$1,361$832$499$40
39 years$3,233$2,064$1,275$767$453$34
40 years$3,117$1,964$1,195$708$411$28
41 years$3,007$1,869$1,121$653$373$24
42 years$2,903$1,780$1,051$603$338$20
43 years$2,803$1,696$986$556$307$17
44 years$2,709$1,617$926$514$279$14
45 years$2,619$1,542$869$474$253$12
46 years$2,533$1,471$817$438$230$10
47 years$2,451$1,404$767$405$209$8
48 years$2,373$1,340$721$374$189$7
49 years$2,298$1,280$678$346$172$6
50 years$2,226$1,222$637$320$156$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,280,000, adding $5,848 every year, while hoping to spend $48,214 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: 52/43/5 Blend
39$2,280,000$2,280,000$2,280,000$2,280,000
40$2,518,592$2,397,752$2,362,412$2,646,429
41$2,724,189$2,463,943$2,390,254$2,799,884
42$2,949,141$2,531,761$2,417,412$2,960,907
43$3,195,372$2,601,235$2,443,813$3,134,835
44$3,464,998$2,672,394$2,469,379$3,322,891
45$3,760,353$2,745,266$2,494,029$3,526,420
46$4,084,005$2,819,880$2,517,674$3,746,902
47$4,438,782$2,896,263$2,540,225$3,985,966
48$4,827,800$2,974,442$2,561,585$4,245,405
49$5,254,490$3,054,444$2,581,653$4,527,191
50$5,722,632$3,136,296$2,600,322$4,833,497
51$6,236,388$3,220,022$2,617,480$5,166,715
52$6,800,343$3,305,647$2,633,009$5,529,476
53$7,419,549$3,393,194$2,646,786$5,924,680
54$8,099,570$3,482,687$2,658,680$6,355,519
55$8,846,534$3,574,147$2,668,554$6,825,507
56$9,667,194$3,667,594$2,676,264$7,338,517
57$10,568,988$3,763,046$2,681,659$7,898,811
58$11,560,111$3,860,522$2,684,581$8,511,084
59$12,649,591$3,960,036$2,684,863$9,180,509
60$13,847,374$4,061,602$2,682,330$9,912,783
61$15,164,417$4,165,232$2,676,800$10,714,181
62$16,612,794$4,270,935$2,668,079$11,591,616
63$18,205,807$4,378,718$2,655,967$12,552,703
64$19,958,109$4,488,586$2,640,252$13,605,830
65$21,885,849$4,600,539$2,620,714$14,760,241
66$24,006,817$4,714,576$2,597,118$16,026,118
67$26,340,614$4,830,693$2,569,224$17,414,678
68$28,908,840$4,948,880$2,536,776$18,938,282
69$31,735,291$5,069,124$2,499,508$20,610,548
70$34,846,189$5,191,410$2,457,140$22,446,479
71$38,270,427$5,315,716$2,409,381$24,462,608
72$42,039,840$5,442,015$2,355,924$26,677,150
73$46,189,507$5,570,277$2,296,451$29,110,177
74$50,758,080$5,700,464$2,230,625$31,783,804
75$55,788,150$5,832,533$2,158,097$34,722,402
76$61,326,650$5,966,435$2,078,502$37,952,821
77$67,425,291$6,102,114$1,991,455$41,504,652
78$74,141,059$6,239,506$1,896,557$45,410,499
79$81,536,745$6,378,539$1,793,389$49,706,291
80$89,681,539$6,519,133$1,681,514$54,431,618
81$98,651,685$6,661,201$1,560,474$59,630,109
82$108,531,200$6,804,642$1,429,792$65,349,839
83$119,412,662$6,949,349$1,288,970$71,643,784
84$131,398,088$7,095,202$1,137,485$78,570,325
85$144,599,895$7,242,069$974,794$86,193,794
86$159,141,962$7,389,808$800,327$94,585,085
87$175,160,796$7,538,262$613,491$103,822,320
88$192,806,820$7,687,260$413,666$113,991,590
89$212,245,797$7,836,618$200,206$125,187,768
90$233,660,390$7,986,133$0$137,515,400
91$257,251,884$8,135,588$0$151,091,171
92$283,242,093$8,284,748$0$166,052,065
93$311,875,444$8,433,358$0$182,527,344
94$343,421,290$8,581,144$0$200,671,232
95$378,176,451$8,727,809$0$220,653,688
96$416,468,013$8,873,036$0$242,662,000
97$458,656,418$9,016,483$0$266,902,563
98$505,138,864$9,157,781$0$293,602,820
99$556,353,053$9,296,537$0$323,013,416
100$612,781,325$9,432,328$0$355,410,559