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

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 $2,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$189,932$188,240$186,589$184,978$183,405$182,556
2 years$94,026$92,275$90,577$88,932$87,336$86,478
3 years$62,061$60,302$58,610$56,980$55,409$54,570
4 years$46,082$44,329$42,653$41,051$39,518$38,704
5 years$36,497$34,754$33,100$31,531$30,041$29,255
6 years$30,109$28,379$26,750$25,215$23,771$23,013
7 years$25,548$23,833$22,229$20,731$19,332$18,603
8 years$22,129$20,429$18,852$17,391$16,038$15,337
9 years$19,471$17,787$16,237$14,813$13,506$12,834
10 years$17,346$15,679$14,156$12,769$11,508$10,865
11 years$15,608$13,958$12,463$11,113$9,897$9,282
12 years$14,161$12,528$11,060$9,747$8,577$7,989
13 years$12,938$11,321$9,882$8,606$7,479$6,918
14 years$11,890$10,291$8,879$7,639$6,556$6,022
15 years$10,983$9,401$8,016$6,813$5,772$5,264
16 years$10,190$8,625$7,268$6,100$5,102$4,618
17 years$9,491$7,943$6,614$5,481$4,524$4,064
18 years$8,870$7,340$6,037$4,939$4,022$3,586
19 years$8,316$6,803$5,527$4,463$3,585$3,172
20 years$7,817$6,321$5,072$4,042$3,202$2,811
21 years$7,366$5,888$4,666$3,669$2,866$2,496
22 years$6,957$5,496$4,300$3,336$2,569$2,219
23 years$6,585$5,141$3,970$3,038$2,306$1,976
24 years$6,243$4,816$3,672$2,771$2,072$1,761
25 years$5,930$4,520$3,401$2,530$1,865$1,571
26 years$5,641$4,248$3,154$2,314$1,680$1,404
27 years$5,374$3,998$2,929$2,118$1,514$1,255
28 years$5,126$3,767$2,723$1,940$1,367$1,122
29 years$4,896$3,554$2,534$1,779$1,234$1,005
30 years$4,682$3,356$2,360$1,633$1,115$900
31 years$4,482$3,173$2,200$1,500$1,008$806
32 years$4,294$3,002$2,053$1,378$912$723
33 years$4,119$2,843$1,917$1,267$825$648
34 years$3,954$2,695$1,791$1,166$747$582
35 years$3,799$2,556$1,674$1,073$677$522
36 years$3,653$2,426$1,566$989$613$469
37 years$3,515$2,304$1,466$911$556$421
38 years$3,385$2,190$1,373$840$504$378
39 years$3,261$2,082$1,286$774$457$340
40 years$3,144$1,981$1,206$714$414$305
41 years$3,034$1,886$1,131$659$376$274
42 years$2,928$1,796$1,060$608$341$247
43 years$2,828$1,711$995$561$310$222
44 years$2,733$1,631$934$518$281$199
45 years$2,642$1,555$877$479$255$179
46 years$2,555$1,484$824$442$232$161
47 years$2,473$1,416$774$408$210$145
48 years$2,393$1,352$727$377$191$130
49 years$2,318$1,291$684$349$173$117
50 years$2,246$1,233$643$322$158$106

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 $5,239 every year, while hoping to spend $22,667 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: 39/49/12 Blend
39$2,300,000$2,300,000$2,300,000$2,300,000
40$2,540,004$2,418,104$2,382,454$2,629,678
41$2,774,967$2,512,474$2,438,149$2,788,076
42$3,033,136$2,610,708$2,494,949$2,956,622
43$3,316,855$2,712,971$2,552,869$3,138,359
44$3,628,705$2,819,438$2,611,921$3,334,490
45$3,971,531$2,930,287$2,672,118$3,546,329
46$4,348,464$3,045,708$2,733,471$3,775,322
47$4,762,957$3,165,898$2,795,992$4,023,056
48$5,218,813$3,291,062$2,859,692$4,291,271
49$5,720,223$3,421,415$2,924,583$4,581,882
50$6,271,803$3,557,181$2,990,674$4,896,988
51$6,878,640$3,698,596$3,057,974$5,238,897
52$7,546,338$3,845,904$3,126,494$5,610,147
53$8,281,073$3,999,362$3,196,240$6,013,522
54$9,089,649$4,159,237$3,267,220$6,452,087
55$9,979,562$4,325,809$3,339,441$6,929,207
56$10,959,074$4,499,370$3,412,909$7,448,585
57$12,037,286$4,680,226$3,487,628$8,014,290
58$13,224,229$4,868,696$3,563,602$8,630,796
59$14,530,952$5,065,114$3,640,835$9,303,026
60$15,969,633$5,269,829$3,719,327$10,036,393
61$17,553,690$5,483,205$3,799,079$10,836,850
62$19,297,909$5,705,624$3,880,090$11,710,949
63$21,218,580$5,937,485$3,962,358$12,665,895
64$23,333,657$6,179,203$4,045,879$13,709,619
65$25,662,922$6,431,216$4,130,648$14,850,845
66$28,228,172$6,693,978$4,216,657$16,099,176
67$31,053,429$6,967,965$4,303,897$17,465,179
68$34,165,160$7,253,677$4,392,359$18,960,483
69$37,592,532$7,551,633$4,482,029$20,597,892
70$41,367,686$7,862,379$4,572,893$22,391,496
71$45,526,038$8,186,484$4,664,933$24,356,807
72$50,106,616$8,524,543$4,758,130$26,510,902
73$55,152,425$8,877,181$4,852,462$28,872,583
74$60,710,858$9,245,048$4,947,905$31,462,550
75$66,834,137$9,628,827$5,044,431$34,303,593
76$73,579,809$10,029,230$5,142,010$37,420,809
77$81,011,291$10,447,003$5,240,609$40,841,832
78$89,198,464$10,882,927$5,340,190$44,597,092
79$98,218,335$11,337,818$5,440,714$48,720,100
80$108,155,764$11,812,530$5,542,137$53,247,760
81$119,104,264$12,307,956$5,644,411$58,220,717
82$131,166,884$12,825,032$5,747,484$63,683,734
83$144,457,183$13,364,734$5,851,301$69,686,110
84$159,100,297$13,928,088$5,955,801$76,282,146
85$175,234,126$14,516,163$6,060,919$83,531,652
86$193,010,631$15,130,080$6,166,585$91,500,504
87$212,597,273$15,771,011$6,272,723$100,261,268
88$234,178,589$16,440,184$6,379,253$109,893,873
89$257,957,935$17,138,883$6,486,088$120,486,370
90$284,159,408$17,868,452$6,593,135$132,135,749
91$313,029,959$18,630,298$6,700,296$144,948,856
92$344,841,724$19,425,891$6,807,466$159,043,394
93$379,894,594$20,256,775$6,914,530$174,549,028
94$418,519,046$21,124,560$7,021,371$191,608,604
95$461,079,262$22,030,937$7,127,859$210,379,493
96$507,976,564$22,977,670$7,233,860$231,035,067
97$559,653,209$23,966,611$7,339,230$253,766,333
98$616,596,557$24,999,696$7,443,814$278,783,724
99$679,343,676$26,078,951$7,547,453$306,319,084
100$748,486,411$27,206,499$7,649,972$336,627,845