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%15.7%
1 years$188,280$186,603$184,967$183,370$181,810$177,559
2 years$93,208$91,472$89,790$88,159$86,576$82,318
3 years$61,521$59,778$58,100$56,484$54,928$50,794
4 years$45,681$43,943$42,282$40,694$39,175$35,199
5 years$36,180$34,452$32,812$31,257$29,780$25,972
6 years$29,847$28,133$26,517$24,996$23,564$19,929
7 years$25,326$23,626$22,036$20,551$19,164$15,701
8 years$21,936$20,252$18,688$17,239$15,898$12,607
9 years$19,302$17,633$16,096$14,684$13,389$10,266
10 years$17,195$15,542$14,033$12,658$11,408$8,451
11 years$15,472$13,836$12,354$11,016$9,811$7,016
12 years$14,038$12,419$10,964$9,663$8,502$5,863
13 years$12,825$11,223$9,796$8,531$7,414$4,927
14 years$11,787$10,201$8,802$7,573$6,499$4,159
15 years$10,887$9,319$7,947$6,753$5,722$3,523
16 years$10,101$8,550$7,205$6,047$5,057$2,994
17 years$9,408$7,874$6,556$5,433$4,484$2,550
18 years$8,793$7,276$5,985$4,896$3,987$2,177
19 years$8,243$6,744$5,479$4,424$3,554$1,862
20 years$7,749$6,266$5,028$4,007$3,174$1,595
21 years$7,302$5,837$4,625$3,637$2,841$1,368
22 years$6,897$5,449$4,263$3,307$2,546$1,174
23 years$6,527$5,096$3,936$3,011$2,286$1,009
24 years$6,189$4,775$3,640$2,747$2,054$868
25 years$5,878$4,481$3,371$2,508$1,849$747
26 years$5,592$4,211$3,127$2,293$1,665$643
27 years$5,327$3,963$2,903$2,099$1,501$554
28 years$5,082$3,734$2,699$1,923$1,355$478
29 years$4,854$3,523$2,512$1,764$1,223$412
30 years$4,641$3,327$2,340$1,619$1,105$355
31 years$4,443$3,145$2,181$1,487$999$307
32 years$4,257$2,976$2,035$1,366$904$265
33 years$4,083$2,818$1,900$1,256$818$228
34 years$3,920$2,671$1,775$1,156$741$197
35 years$3,766$2,534$1,660$1,064$671$170
36 years$3,621$2,405$1,553$980$608$147
37 years$3,484$2,284$1,453$903$551$127
38 years$3,355$2,171$1,361$832$499$110
39 years$3,233$2,064$1,275$767$453$95
40 years$3,117$1,964$1,195$708$411$82
41 years$3,007$1,869$1,121$653$373$71
42 years$2,903$1,780$1,051$603$338$61
43 years$2,803$1,696$986$556$307$53
44 years$2,709$1,617$926$514$279$46
45 years$2,619$1,542$869$474$253$39
46 years$2,533$1,471$817$438$230$34
47 years$2,451$1,404$767$405$209$29
48 years$2,373$1,340$721$374$189$25
49 years$2,298$1,280$678$346$172$22
50 years$2,226$1,222$637$320$156$19

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 $6,801 every year, while hoping to spend $27,121 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: 71/8/21 Blend
39$2,280,000$2,280,000$2,280,000$2,280,000
40$2,519,575$2,398,735$2,363,395$2,685,023
41$2,747,715$2,487,417$2,413,712$2,884,877
42$2,998,217$2,579,535$2,464,806$3,099,770
43$3,273,332$2,675,229$2,516,674$3,334,392
44$3,575,541$2,774,645$2,569,312$3,590,695
45$3,907,579$2,877,934$2,622,717$3,870,829
46$4,272,455$2,985,256$2,676,881$4,177,163
47$4,673,487$3,096,775$2,731,798$4,512,305
48$5,114,329$3,212,664$2,787,460$4,879,126
49$5,599,008$3,333,102$2,843,857$5,280,790
50$6,131,959$3,458,276$2,900,979$5,720,781
51$6,718,070$3,588,383$2,958,812$6,202,936
52$7,362,724$3,723,625$3,017,344$6,731,483
53$8,071,855$3,864,215$3,076,557$7,311,077
54$8,851,998$4,010,375$3,136,436$7,946,848
55$9,710,355$4,162,337$3,196,960$8,644,446
56$10,654,862$4,320,342$3,258,108$9,410,095
57$11,694,261$4,484,642$3,319,858$10,250,652
58$12,838,185$4,655,499$3,382,183$11,173,671
59$14,097,250$4,833,188$3,445,056$12,187,474
60$15,483,151$5,017,996$3,508,447$13,301,230
61$17,008,775$5,210,220$3,572,322$14,525,040
62$18,688,322$5,410,174$3,636,648$15,870,033
63$20,537,440$5,618,181$3,701,384$17,348,472
64$22,573,370$5,834,583$3,766,491$18,973,864
65$24,815,109$6,059,733$3,831,925$20,761,097
66$27,283,592$6,294,002$3,897,636$22,726,569
67$30,001,887$6,537,777$3,963,576$24,888,350
68$32,995,412$6,791,460$4,029,688$27,266,352
69$36,292,177$7,055,475$4,095,915$29,882,511
70$39,923,046$7,330,259$4,162,195$32,761,001
71$43,922,028$7,616,274$4,228,460$35,928,455
72$48,326,602$7,913,999$4,294,641$39,414,223
73$53,178,066$8,223,934$4,360,661$43,250,642
74$58,521,926$8,546,605$4,426,441$47,473,344
75$64,408,330$8,882,556$4,491,895$52,121,594
76$70,892,539$9,232,360$4,556,932$57,238,657
77$78,035,445$9,596,614$4,621,456$62,872,207
78$85,904,152$9,975,939$4,685,367$69,074,775
79$94,572,603$10,370,987$4,748,554$75,904,250
80$104,122,282$10,782,440$4,810,904$83,424,418
81$114,642,982$11,211,006$4,872,296$91,705,567
82$126,233,650$11,657,429$4,932,602$100,825,152
83$139,003,325$12,122,486$4,991,687$110,868,522
84$153,072,162$12,606,986$5,049,407$121,929,727
85$168,572,572$13,111,777$5,105,611$134,112,405
86$185,650,465$13,637,745$5,160,139$147,530,761
87$204,466,633$14,185,815$5,212,825$162,310,642
88$225,198,265$14,756,956$5,263,490$178,590,727
89$248,040,618$15,352,177$5,311,947$196,523,835
90$273,208,864$15,972,536$5,358,000$216,278,365
91$300,940,116$16,619,138$5,401,441$238,039,889
92$331,495,670$17,293,138$5,442,051$262,012,898
93$365,163,470$17,995,743$5,479,601$288,422,739
94$402,260,825$18,728,216$5,513,850$317,517,734
95$443,137,407$19,491,877$5,544,541$349,571,530
96$488,178,549$20,288,105$5,571,410$384,885,675
97$537,808,883$21,118,344$5,594,174$423,792,472
98$592,496,349$21,984,102$5,612,538$466,658,110
99$652,756,611$22,886,958$5,626,193$513,886,120
100$719,157,928$23,828,561$5,634,813$565,921,186