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%11.4%
1 years$188,280$186,603$184,967$183,370$181,810$180,740
2 years$93,208$91,472$89,790$88,159$86,576$85,497
3 years$61,521$59,778$58,100$56,484$54,928$53,872
4 years$45,681$43,943$42,282$40,694$39,175$38,151
5 years$36,180$34,452$32,812$31,257$29,780$28,792
6 years$29,847$28,133$26,517$24,996$23,564$22,612
7 years$25,326$23,626$22,036$20,551$19,164$18,248
8 years$21,936$20,252$18,688$17,239$15,898$15,020
9 years$19,302$17,633$16,096$14,684$13,389$12,547
10 years$17,195$15,542$14,033$12,658$11,408$10,602
11 years$15,472$13,836$12,354$11,016$9,811$9,041
12 years$14,038$12,419$10,964$9,663$8,502$7,767
13 years$12,825$11,223$9,796$8,531$7,414$6,713
14 years$11,787$10,201$8,802$7,573$6,499$5,832
15 years$10,887$9,319$7,947$6,753$5,722$5,088
16 years$10,101$8,550$7,205$6,047$5,057$4,455
17 years$9,408$7,874$6,556$5,433$4,484$3,912
18 years$8,793$7,276$5,985$4,896$3,987$3,445
19 years$8,243$6,744$5,479$4,424$3,554$3,040
20 years$7,749$6,266$5,028$4,007$3,174$2,689
21 years$7,302$5,837$4,625$3,637$2,841$2,382
22 years$6,897$5,449$4,263$3,307$2,546$2,113
23 years$6,527$5,096$3,936$3,011$2,286$1,877
24 years$6,189$4,775$3,640$2,747$2,054$1,669
25 years$5,878$4,481$3,371$2,508$1,849$1,486
26 years$5,592$4,211$3,127$2,293$1,665$1,324
27 years$5,327$3,963$2,903$2,099$1,501$1,181
28 years$5,082$3,734$2,699$1,923$1,355$1,054
29 years$4,854$3,523$2,512$1,764$1,223$941
30 years$4,641$3,327$2,340$1,619$1,105$841
31 years$4,443$3,145$2,181$1,487$999$752
32 years$4,257$2,976$2,035$1,366$904$672
33 years$4,083$2,818$1,900$1,256$818$602
34 years$3,920$2,671$1,775$1,156$741$538
35 years$3,766$2,534$1,660$1,064$671$482
36 years$3,621$2,405$1,553$980$608$432
37 years$3,484$2,284$1,453$903$551$387
38 years$3,355$2,171$1,361$832$499$346
39 years$3,233$2,064$1,275$767$453$310
40 years$3,117$1,964$1,195$708$411$278
41 years$3,007$1,869$1,121$653$373$249
42 years$2,903$1,780$1,051$603$338$224
43 years$2,803$1,696$986$556$307$200
44 years$2,709$1,617$926$514$279$180
45 years$2,619$1,542$869$474$253$161
46 years$2,533$1,471$817$438$230$145
47 years$2,451$1,404$767$405$209$130
48 years$2,373$1,340$721$374$189$116
49 years$2,298$1,280$678$346$172$104
50 years$2,226$1,222$637$320$156$94

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 $6,588 every year, while hoping to spend $44,800 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: 52/27/21 Blend
39$2,280,000$2,280,000$2,280,000$2,280,000
40$2,519,356$2,398,516$2,363,176$2,635,417
41$2,728,663$2,468,376$2,394,675$2,785,974
42$2,957,818$2,540,158$2,425,728$2,944,469
43$3,208,798$2,613,909$2,456,273$3,115,922
44$3,483,781$2,689,675$2,486,243$3,301,579
45$3,785,164$2,767,507$2,515,570$3,502,814
46$4,115,588$2,847,452$2,544,179$3,721,137
47$4,477,963$2,929,561$2,571,993$3,958,213
48$4,875,490$3,013,885$2,598,930$4,215,874
49$5,311,700$3,100,476$2,624,905$4,496,139
50$5,790,479$3,189,385$2,649,825$4,801,230
51$6,316,109$3,280,665$2,673,594$5,133,594
52$6,893,305$3,374,371$2,696,113$5,495,929
53$7,527,264$3,470,557$2,717,274$5,891,202
54$8,223,707$3,569,276$2,736,965$6,322,686
55$8,988,941$3,670,587$2,755,069$6,793,984
56$9,829,911$3,774,543$2,771,462$7,309,064
57$10,754,268$3,881,202$2,786,013$7,872,300
58$11,770,444$3,990,622$2,798,585$8,488,510
59$12,887,726$4,102,859$2,809,034$9,163,001
60$14,116,347$4,217,972$2,817,209$9,901,619
61$15,467,580$4,336,018$2,822,951$10,710,809
62$16,953,847$4,457,057$2,826,094$11,597,668
63$18,588,833$4,581,147$2,826,462$12,570,018
64$20,387,618$4,708,346$2,823,872$13,636,475
65$22,366,814$4,838,714$2,818,131$14,806,536
66$24,544,727$4,972,309$2,809,036$16,090,664
67$26,941,527$5,109,191$2,796,377$17,500,387
68$29,579,438$5,249,416$2,779,931$19,048,408
69$32,482,947$5,393,044$2,759,465$20,748,727
70$35,679,036$5,540,131$2,734,735$22,616,768
71$39,197,434$5,690,734$2,705,485$24,669,529
72$43,070,902$5,844,910$2,671,449$26,925,740
73$47,335,537$6,002,713$2,632,345$29,406,042
74$52,031,114$6,164,198$2,587,880$32,133,179
75$57,201,461$6,329,417$2,537,748$35,132,216
76$62,894,873$6,498,422$2,481,626$38,430,772
77$69,164,568$6,671,262$2,419,178$42,059,284
78$76,069,185$6,847,986$2,350,052$46,051,293
79$83,673,344$7,028,638$2,273,880$50,443,761
80$92,048,247$7,213,264$2,190,277$55,277,420
81$101,272,357$7,401,903$2,098,841$60,597,156
82$111,432,135$7,594,594$1,999,150$66,452,435
83$122,622,856$7,791,371$1,890,764$72,897,768
84$134,949,506$7,992,267$1,773,223$79,993,226
85$148,527,776$8,197,310$1,646,047$87,805,008
86$163,485,153$8,406,522$1,508,733$96,406,067
87$179,962,120$8,619,923$1,360,757$105,876,799
88$198,113,485$8,837,527$1,201,571$116,305,798
89$218,109,838$9,059,343$1,030,601$127,790,700
90$240,139,166$9,285,375$847,251$140,439,099
91$264,408,622$9,515,620$650,895$154,369,567
92$291,146,483$9,750,067$440,882$169,712,772
93$320,604,304$9,988,700$216,531$186,612,714
94$353,059,290$10,231,494$0$205,228,080
95$388,816,916$10,478,415$0$225,738,879
96$428,213,805$10,729,421$0$248,384,813
97$471,620,910$10,984,459$0$273,329,866
98$519,447,012$11,243,467$0$300,808,269
99$572,142,581$11,506,371$0$331,078,136
100$630,204,025$11,773,084$0$364,423,903