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%15.7%
1 years$190,758$189,058$187,401$185,783$184,203$179,896
2 years$94,434$92,676$90,971$89,319$87,716$83,401
3 years$62,331$60,565$58,864$57,227$55,650$51,463
4 years$46,282$44,521$42,838$41,229$39,690$35,662
5 years$36,656$34,905$33,244$31,668$30,172$26,314
6 years$30,240$28,503$26,866$25,325$23,874$20,191
7 years$25,659$23,937$22,326$20,821$19,416$15,908
8 years$22,225$20,518$18,934$17,466$16,107$12,773
9 years$19,556$17,865$16,308$14,877$13,565$10,401
10 years$17,421$15,747$14,218$12,824$11,558$8,562
11 years$15,676$14,019$12,517$11,161$9,940$7,108
12 years$14,223$12,582$11,109$9,790$8,614$5,941
13 years$12,994$11,371$9,925$8,643$7,512$4,992
14 years$11,942$10,336$8,917$7,672$6,585$4,214
15 years$11,031$9,442$8,051$6,842$5,798$3,569
16 years$10,234$8,663$7,300$6,127$5,124$3,033
17 years$9,532$7,978$6,642$5,505$4,543$2,584
18 years$8,909$7,372$6,064$4,961$4,040$2,206
19 years$8,352$6,832$5,551$4,482$3,601$1,887
20 years$7,851$6,349$5,094$4,060$3,216$1,616
21 years$7,398$5,914$4,686$3,684$2,878$1,386
22 years$6,988$5,520$4,319$3,350$2,580$1,190
23 years$6,613$5,163$3,988$3,051$2,316$1,023
24 years$6,270$4,837$3,688$2,783$2,081$880
25 years$5,956$4,540$3,416$2,541$1,873$757
26 years$5,665$4,267$3,168$2,324$1,687$652
27 years$5,397$4,015$2,942$2,127$1,521$562
28 years$5,148$3,784$2,735$1,949$1,372$484
29 years$4,917$3,569$2,545$1,787$1,239$417
30 years$4,702$3,371$2,370$1,640$1,120$360
31 years$4,501$3,187$2,210$1,506$1,012$311
32 years$4,313$3,015$2,062$1,384$916$268
33 years$4,137$2,855$1,925$1,273$829$231
34 years$3,971$2,706$1,799$1,171$750$200
35 years$3,816$2,567$1,682$1,078$680$173
36 years$3,669$2,436$1,573$993$616$149
37 years$3,530$2,314$1,472$915$558$129
38 years$3,399$2,199$1,379$843$506$111
39 years$3,276$2,091$1,292$778$459$96
40 years$3,158$1,990$1,211$717$416$83
41 years$3,047$1,894$1,135$662$378$72
42 years$2,941$1,804$1,065$611$343$62
43 years$2,840$1,719$999$564$311$54
44 years$2,745$1,638$938$520$282$46
45 years$2,653$1,562$881$481$256$40
46 years$2,566$1,490$827$444$233$35
47 years$2,483$1,422$777$410$211$30
48 years$2,404$1,358$730$379$192$26
49 years$2,328$1,296$687$350$174$22
50 years$2,255$1,238$645$324$158$19

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 $2,094 every year, while hoping to spend $43,624 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: 87/7/6 Blend
39$2,310,000$2,310,000$2,310,000$2,310,000
40$2,547,780$2,425,350$2,389,545$2,768,724
41$2,761,238$2,497,777$2,423,179$2,985,354
42$2,995,006$2,572,290$2,456,478$3,217,151
43$3,251,111$2,648,946$2,489,384$3,470,500
44$3,531,783$2,727,803$2,521,837$3,747,541
45$3,839,479$2,808,919$2,553,772$4,050,629
46$4,176,904$2,892,355$2,585,122$4,382,359
47$4,547,040$2,978,172$2,615,815$4,745,588
48$4,953,168$3,066,432$2,645,775$5,143,465
49$5,398,905$3,157,201$2,674,922$5,579,454
50$5,888,233$3,250,544$2,703,172$6,057,375
51$6,425,540$3,346,527$2,730,435$6,581,433
52$7,015,658$3,445,220$2,756,618$7,156,261
53$7,663,912$3,546,693$2,781,621$7,786,963
54$8,376,166$3,651,016$2,805,341$8,479,161
55$9,158,882$3,758,263$2,827,667$9,239,048
56$10,019,178$3,868,508$2,848,484$10,073,447
57$10,964,896$3,981,827$2,867,670$10,989,875
58$12,004,676$4,098,297$2,885,098$11,996,613
59$13,148,037$4,217,997$2,900,632$13,102,784
60$14,405,465$4,341,007$2,914,131$14,318,441
61$15,788,514$4,467,408$2,925,447$15,654,658
62$17,309,917$4,597,285$2,934,423$17,123,636
63$18,983,698$4,730,722$2,940,896$18,738,821
64$20,825,312$4,867,804$2,944,693$20,515,024
65$22,851,787$5,008,619$2,945,633$22,468,566
66$25,081,884$5,153,257$2,943,527$24,617,429
67$27,536,277$5,301,807$2,938,176$26,981,429
68$30,237,743$5,454,362$2,929,370$29,582,397
69$33,211,381$5,611,013$2,916,892$32,444,390
70$36,484,845$5,771,856$2,900,512$35,593,914
71$40,088,609$5,936,987$2,879,988$39,060,178
72$44,056,249$6,106,502$2,855,070$42,875,365
73$48,424,765$6,280,499$2,825,494$47,074,939
74$53,234,925$6,459,077$2,790,982$51,697,976
75$58,531,653$6,642,337$2,751,245$56,787,536
76$64,364,449$6,830,380$2,705,980$62,391,068
77$70,787,862$7,023,308$2,654,869$68,560,856
78$77,861,998$7,221,223$2,597,581$75,354,514
79$85,653,089$7,424,231$2,533,767$82,835,528
80$94,234,121$7,632,434$2,463,065$91,073,858
81$103,685,517$7,845,939$2,385,093$100,146,594
82$114,095,899$8,064,850$2,299,454$110,138,684
83$125,562,927$8,289,274$2,205,731$121,143,741
84$138,194,212$8,519,315$2,103,490$133,264,918
85$152,108,341$8,755,080$1,992,276$146,615,888
86$167,435,987$8,996,675$1,871,613$161,321,913
87$184,321,150$9,244,205$1,741,004$177,521,027
88$202,922,511$9,497,774$1,599,931$195,365,341
89$223,414,930$9,757,487$1,447,851$215,022,474
90$245,991,096$10,023,448$1,284,198$236,677,139
91$270,863,348$10,295,757$1,108,379$260,532,885
92$298,265,677$10,574,516$919,777$286,814,017
93$328,455,933$10,859,824$717,746$315,767,714
94$361,718,260$11,151,777$501,612$347,666,364
95$398,365,779$11,450,471$270,673$382,810,132
96$438,743,541$11,755,996$24,193$421,529,793
97$483,231,784$12,068,443$0$464,189,857
98$532,249,526$12,387,896$0$511,207,301
99$586,258,512$12,714,437$0$563,012,129
100$645,767,580$13,048,145$0$620,090,642