Can I retire at age 40 with 2,300,000?

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 $2,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$189,932$188,240$186,589$184,978$183,405$176,687
2 years$94,026$92,275$90,577$88,932$87,336$80,642
3 years$62,061$60,302$58,610$56,980$55,409$48,951
4 years$46,082$44,329$42,653$41,051$39,518$33,344
5 years$36,497$34,754$33,100$31,531$30,041$24,167
6 years$30,109$28,379$26,750$25,215$23,771$18,201
7 years$25,548$23,833$22,229$20,731$19,332$14,066
8 years$22,129$20,429$18,852$17,391$16,038$11,070
9 years$19,471$17,787$16,237$14,813$13,506$8,830
10 years$17,346$15,679$14,156$12,769$11,508$7,116
11 years$15,608$13,958$12,463$11,113$9,897$5,779
12 years$14,161$12,528$11,060$9,747$8,577$4,723
13 years$12,938$11,321$9,882$8,606$7,479$3,878
14 years$11,890$10,291$8,879$7,639$6,556$3,197
15 years$10,983$9,401$8,016$6,813$5,772$2,644
16 years$10,190$8,625$7,268$6,100$5,102$2,193
17 years$9,491$7,943$6,614$5,481$4,524$1,822
18 years$8,870$7,340$6,037$4,939$4,022$1,517
19 years$8,316$6,803$5,527$4,463$3,585$1,264
20 years$7,817$6,321$5,072$4,042$3,202$1,055
21 years$7,366$5,888$4,666$3,669$2,866$882
22 years$6,957$5,496$4,300$3,336$2,569$737
23 years$6,585$5,141$3,970$3,038$2,306$617
24 years$6,243$4,816$3,672$2,771$2,072$516
25 years$5,930$4,520$3,401$2,530$1,865$432
26 years$5,641$4,248$3,154$2,314$1,680$362
27 years$5,374$3,998$2,929$2,118$1,514$304
28 years$5,126$3,767$2,723$1,940$1,367$255
29 years$4,896$3,554$2,534$1,779$1,234$214
30 years$4,682$3,356$2,360$1,633$1,115$179
31 years$4,482$3,173$2,200$1,500$1,008$150
32 years$4,294$3,002$2,053$1,378$912$126
33 years$4,119$2,843$1,917$1,267$825$106
34 years$3,954$2,695$1,791$1,166$747$89
35 years$3,799$2,556$1,674$1,073$677$75
36 years$3,653$2,426$1,566$989$613$63
37 years$3,515$2,304$1,466$911$556$53
38 years$3,385$2,190$1,373$840$504$44
39 years$3,261$2,082$1,286$774$457$37
40 years$3,144$1,981$1,206$714$414$31
41 years$3,034$1,886$1,131$659$376$26
42 years$2,928$1,796$1,060$608$341$22
43 years$2,828$1,711$995$561$310$18
44 years$2,733$1,631$934$518$281$15
45 years$2,642$1,555$877$479$255$13
46 years$2,555$1,484$824$442$232$11
47 years$2,473$1,416$774$408$210$9
48 years$2,393$1,352$727$377$191$8
49 years$2,318$1,291$684$349$173$6
50 years$2,246$1,233$643$322$158$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,300,000, adding $3,189 every year, while hoping to spend $42,446 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: 84/6/10 Blend
39$2,300,000$2,300,000$2,300,000$2,300,000
40$2,537,889$2,415,989$2,380,339$2,747,041
41$2,751,592$2,489,211$2,414,919$2,957,500
42$2,985,670$2,564,597$2,449,234$3,182,603
43$3,242,156$2,642,210$2,483,231$3,428,561
44$3,523,290$2,722,113$2,516,853$3,697,444
45$3,831,538$2,804,369$2,550,040$3,991,534
46$4,169,617$2,889,045$2,582,729$4,313,343
47$4,540,519$2,976,210$2,614,851$4,665,638
48$4,947,539$3,065,931$2,646,336$5,051,467
49$5,394,308$3,158,282$2,677,109$5,474,188
50$5,884,824$3,253,334$2,707,088$5,937,498
51$6,423,493$3,351,164$2,736,192$6,445,470
52$7,015,165$3,451,847$2,764,331$7,002,593
53$7,665,187$3,555,463$2,791,411$7,613,810
54$8,379,447$3,662,091$2,817,334$8,284,566
55$9,164,433$3,771,816$2,841,997$9,020,863
56$10,027,291$3,884,721$2,865,290$9,829,309
57$10,975,895$4,000,893$2,887,098$10,717,187
58$12,018,921$4,120,421$2,907,299$11,692,520
59$13,165,924$4,243,395$2,925,768$12,764,149
60$14,427,436$4,369,909$2,942,368$13,941,812
61$15,815,058$4,500,058$2,956,961$15,236,242
62$17,341,571$4,633,938$2,969,397$16,659,260
63$19,021,061$4,771,650$2,979,521$18,223,894
64$20,869,044$4,913,296$2,987,170$19,944,500
65$22,902,618$5,058,979$2,992,171$21,836,892
66$25,140,622$5,208,806$2,994,346$23,918,497
67$27,603,813$5,362,885$2,993,504$26,208,519
68$30,315,063$5,521,328$2,989,448$28,728,116
69$33,299,574$5,684,248$2,981,969$31,500,601
70$36,585,116$5,851,761$2,970,850$34,551,667
71$40,202,285$6,023,985$2,955,861$37,909,621
72$44,184,799$6,201,040$2,936,763$41,605,656
73$48,569,808$6,383,051$2,913,304$45,674,145
74$53,398,250$6,570,142$2,885,222$50,152,963
75$58,715,235$6,762,442$2,852,240$55,083,848
76$64,570,468$6,960,081$2,814,069$60,512,791
77$71,018,723$7,163,193$2,770,408$66,490,470
78$78,120,355$7,371,911$2,720,939$73,072,733
79$85,941,872$7,586,376$2,665,331$80,321,118
80$94,556,561$7,806,726$2,603,237$88,303,439
81$104,045,179$8,033,104$2,534,295$97,094,425
82$114,496,717$8,265,657$2,458,124$106,776,422
83$126,009,239$8,504,531$2,374,327$117,440,175
84$138,690,805$8,749,876$2,282,491$129,185,678
85$152,660,492$9,001,844$2,182,179$142,123,126
86$168,049,518$9,260,591$2,072,938$156,373,948
87$185,002,481$9,526,272$1,954,294$172,071,955
88$203,678,722$9,799,048$1,825,751$189,364,606
89$224,253,828$10,079,077$1,686,790$208,414,396
90$246,921,291$10,366,525$1,536,870$229,400,390
91$271,894,333$10,661,554$1,375,425$252,519,918
92$299,407,917$10,964,333$1,201,864$277,990,429
93$329,720,969$11,275,030$1,015,571$306,051,553
94$363,118,816$11,593,814$815,900$336,967,356
95$399,915,881$11,920,857$602,179$371,028,837
96$440,458,654$12,256,332$373,705$408,556,671
97$485,128,958$12,600,413$129,745$449,904,241
98$534,347,553$12,953,275$0$495,460,970
99$588,578,111$13,315,093$0$545,669,933
100$648,331,591$13,686,045$0$601,005,783