Can I retire at age 40 with 2,310,000?

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$190,758$189,058$187,401$185,783$184,203$176,824
2 years$94,434$92,676$90,971$89,319$87,716$80,375
3 years$62,331$60,565$58,864$57,227$55,650$48,578
4 years$46,282$44,521$42,838$41,229$39,690$32,940
5 years$36,656$34,905$33,244$31,668$30,172$23,762
6 years$30,240$28,503$26,866$25,325$23,874$17,807
7 years$25,659$23,937$22,326$20,821$19,416$13,690
8 years$22,225$20,518$18,934$17,466$16,107$10,717
9 years$19,556$17,865$16,308$14,877$13,565$8,502
10 years$17,421$15,747$14,218$12,824$11,558$6,812
11 years$15,676$14,019$12,517$11,161$9,940$5,500
12 years$14,223$12,582$11,109$9,790$8,614$4,467
13 years$12,994$11,371$9,925$8,643$7,512$3,646
14 years$11,942$10,336$8,917$7,672$6,585$2,987
15 years$11,031$9,442$8,051$6,842$5,798$2,455
16 years$10,234$8,663$7,300$6,127$5,124$2,022
17 years$9,532$7,978$6,642$5,505$4,543$1,669
18 years$8,909$7,372$6,064$4,961$4,040$1,380
19 years$8,352$6,832$5,551$4,482$3,601$1,143
20 years$7,851$6,349$5,094$4,060$3,216$947
21 years$7,398$5,914$4,686$3,684$2,878$786
22 years$6,988$5,520$4,319$3,350$2,580$652
23 years$6,613$5,163$3,988$3,051$2,316$542
24 years$6,270$4,837$3,688$2,783$2,081$451
25 years$5,956$4,540$3,416$2,541$1,873$375
26 years$5,665$4,267$3,168$2,324$1,687$312
27 years$5,397$4,015$2,942$2,127$1,521$259
28 years$5,148$3,784$2,735$1,949$1,372$216
29 years$4,917$3,569$2,545$1,787$1,239$180
30 years$4,702$3,371$2,370$1,640$1,120$150
31 years$4,501$3,187$2,210$1,506$1,012$125
32 years$4,313$3,015$2,062$1,384$916$104
33 years$4,137$2,855$1,925$1,273$829$86
34 years$3,971$2,706$1,799$1,171$750$72
35 years$3,816$2,567$1,682$1,078$680$60
36 years$3,669$2,436$1,573$993$616$50
37 years$3,530$2,314$1,472$915$558$42
38 years$3,399$2,199$1,379$843$506$35
39 years$3,276$2,091$1,292$778$459$29
40 years$3,158$1,990$1,211$717$416$24
41 years$3,047$1,894$1,135$662$378$20
42 years$2,941$1,804$1,065$611$343$17
43 years$2,840$1,719$999$564$311$14
44 years$2,745$1,638$938$520$282$12
45 years$2,653$1,562$881$481$256$10
46 years$2,566$1,490$827$444$233$8
47 years$2,483$1,422$777$410$211$7
48 years$2,404$1,358$730$379$192$6
49 years$2,328$1,296$687$350$174$5
50 years$2,255$1,238$645$324$158$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,310,000, adding $6,698 every year, while hoping to spend $30,544 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: 77/5/18 Blend
39$2,310,000$2,310,000$2,310,000$2,310,000
40$2,552,529$2,430,099$2,394,294$2,738,191
41$2,780,388$2,516,675$2,442,004$2,948,384
42$3,030,466$2,606,470$2,490,289$3,174,366
43$3,304,995$2,699,609$2,539,136$3,421,379
44$3,606,437$2,796,222$2,588,529$3,691,516
45$3,937,503$2,896,446$2,638,454$3,987,080
46$4,301,178$3,000,422$2,688,892$4,310,611
47$4,700,753$3,108,297$2,739,825$4,664,903
48$5,139,851$3,220,226$2,791,231$5,053,037
49$5,622,466$3,336,366$2,843,086$5,478,403
50$6,152,995$3,456,886$2,895,368$5,944,740
51$6,736,285$3,581,958$2,948,047$6,456,162
52$7,377,674$3,711,762$3,001,095$7,017,205
53$8,083,046$3,846,487$3,054,480$7,632,864
54$8,858,880$3,986,328$3,108,168$8,308,641
55$9,712,316$4,131,490$3,162,123$9,050,601
56$10,651,224$4,282,184$3,216,305$9,865,422
57$11,684,269$4,438,631$3,270,672$10,760,464
58$12,821,004$4,601,064$3,325,179$11,743,835
59$14,071,951$4,769,721$3,379,778$12,824,468
60$15,448,706$4,944,853$3,434,416$14,012,205
61$16,964,045$5,126,721$3,489,039$15,317,892
62$18,632,044$5,315,597$3,543,589$16,753,476
63$20,468,216$5,511,765$3,598,003$18,332,124
64$22,489,653$5,715,520$3,652,214$20,068,342
65$24,715,186$5,927,169$3,706,152$21,978,113
66$27,165,569$6,147,035$3,759,742$24,079,050
67$29,863,669$6,375,451$3,812,905$26,390,558
68$32,834,681$6,612,766$3,865,556$28,934,023
69$36,106,372$6,859,345$3,917,605$31,733,005
70$39,709,336$7,115,566$3,968,959$34,813,468
71$43,677,285$7,381,827$4,019,516$38,204,022
72$48,047,370$7,658,538$4,069,172$41,936,190
73$52,860,526$7,946,130$4,117,813$46,044,711
74$58,161,862$8,245,053$4,165,322$50,567,864
75$64,001,085$8,555,774$4,211,574$55,547,828
76$70,432,971$8,878,782$4,256,437$61,031,084
77$77,517,878$9,214,587$4,299,771$67,068,849
78$85,322,319$9,563,719$4,341,431$73,717,563
79$93,919,588$9,926,733$4,381,262$81,039,420
80$103,390,452$10,304,209$4,419,100$89,102,954
81$113,823,912$10,696,750$4,454,774$97,983,687
82$125,318,046$11,104,985$4,488,104$107,764,839
83$137,980,930$11,529,573$4,518,899$118,538,119
84$151,931,663$11,971,200$4,546,960$130,404,585
85$167,301,486$12,430,582$4,572,076$143,475,600
86$184,235,024$12,908,467$4,594,027$157,873,881
87$202,891,649$13,405,634$4,612,579$173,734,661
88$223,446,986$13,922,900$4,627,490$191,206,963
89$246,094,571$14,461,114$4,638,503$210,455,005
90$271,047,672$15,021,164$4,645,348$231,659,752
91$298,541,311$15,603,977$4,647,744$255,020,626
92$328,834,475$16,210,522$4,645,393$280,757,383
93$362,212,562$16,841,808$4,637,984$309,112,192
94$398,990,080$17,498,893$4,625,193$340,351,917
95$439,513,606$18,182,877$4,606,675$374,770,642
96$484,165,069$18,894,912$4,582,073$412,692,439
97$533,365,344$19,636,202$4,551,011$454,474,433
98$587,578,234$20,408,000$4,513,095$500,510,172
99$647,314,841$21,211,620$4,467,911$551,233,339
100$713,138,397$22,048,432$4,415,029$607,121,850