Can I retire at age 40 with 2,320,000?

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 $2,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$191,583$189,877$188,212$186,587$185,000$178,649
2 years$94,843$93,077$91,365$89,705$88,095$81,762
3 years$62,601$60,827$59,119$57,475$55,891$49,774
4 years$46,483$44,714$43,024$41,408$39,862$34,008
5 years$36,814$35,056$33,388$31,805$30,303$24,726
6 years$30,371$28,626$26,983$25,435$23,977$18,684
7 years$25,770$24,040$22,423$20,911$19,500$14,488
8 years$22,321$20,607$19,016$17,542$16,177$11,443
9 years$19,640$17,942$16,379$14,942$13,624$9,162
10 years$17,497$15,815$14,279$12,880$11,608$7,411
11 years$15,744$14,079$12,571$11,209$9,983$6,042
12 years$14,284$12,637$11,157$9,832$8,651$4,957
13 years$13,050$11,420$9,968$8,680$7,544$4,088
14 years$11,994$10,380$8,956$7,705$6,613$3,384
15 years$11,078$9,483$8,086$6,872$5,823$2,811
16 years$10,278$8,700$7,331$6,153$5,146$2,341
17 years$9,573$8,013$6,671$5,528$4,563$1,954
18 years$8,947$7,404$6,090$4,982$4,057$1,634
19 years$8,388$6,862$5,575$4,502$3,616$1,368
20 years$7,885$6,376$5,116$4,077$3,230$1,147
21 years$7,431$5,939$4,706$3,700$2,891$963
22 years$7,018$5,544$4,337$3,365$2,591$809
23 years$6,642$5,185$4,005$3,064$2,326$680
24 years$6,298$4,858$3,704$2,795$2,090$572
25 years$5,981$4,559$3,430$2,552$1,881$481
26 years$5,690$4,285$3,182$2,334$1,694$405
27 years$5,420$4,033$2,954$2,136$1,528$341
28 years$5,171$3,800$2,746$1,957$1,378$288
29 years$4,939$3,585$2,556$1,795$1,245$242
30 years$4,723$3,386$2,381$1,647$1,125$204
31 years$4,521$3,200$2,219$1,513$1,017$172
32 years$4,332$3,028$2,071$1,390$920$145
33 years$4,155$2,868$1,933$1,278$832$122
34 years$3,989$2,718$1,807$1,176$754$103
35 years$3,832$2,578$1,689$1,083$683$87
36 years$3,685$2,447$1,580$997$618$73
37 years$3,546$2,324$1,479$919$561$62
38 years$3,414$2,209$1,385$847$508$52
39 years$3,290$2,100$1,297$781$461$44
40 years$3,172$1,998$1,216$720$418$37
41 years$3,060$1,902$1,140$665$379$31
42 years$2,954$1,811$1,070$613$344$27
43 years$2,853$1,726$1,004$566$312$22
44 years$2,756$1,645$942$523$283$19
45 years$2,665$1,569$885$483$257$16
46 years$2,577$1,497$831$446$234$13
47 years$2,494$1,428$781$412$212$11
48 years$2,414$1,363$734$381$193$10
49 years$2,338$1,302$690$352$175$8
50 years$2,265$1,244$648$325$159$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,320,000, adding $6,405 every year, while hoping to spend $55,367 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: 49/36/15 Blend
39$2,320,000$2,320,000$2,320,000$2,320,000
40$2,563,247$2,440,287$2,404,327$2,677,903
41$2,765,788$2,500,951$2,425,962$2,818,293
42$2,987,133$2,562,732$2,446,466$2,964,459
43$3,229,140$2,625,626$2,465,742$3,122,017
44$3,493,858$2,689,627$2,483,690$3,292,055
45$3,783,541$2,754,728$2,500,203$3,475,771
46$4,100,670$2,820,918$2,515,168$3,674,483
47$4,447,980$2,888,184$2,528,468$3,889,645
48$4,828,480$2,956,512$2,539,978$4,122,857
49$5,245,486$3,025,881$2,549,568$4,375,883
50$5,702,648$3,096,272$2,557,101$4,650,664
51$6,203,987$3,167,658$2,562,433$4,949,340
52$6,753,933$3,240,013$2,565,413$5,274,270
53$7,357,363$3,313,302$2,565,883$5,628,049
54$8,019,650$3,387,490$2,563,677$6,013,541
55$8,746,714$3,462,536$2,558,619$6,433,899
56$9,545,073$3,538,395$2,550,527$6,892,598
57$10,421,910$3,615,016$2,539,210$7,393,468
58$11,385,137$3,692,344$2,524,465$7,940,729
59$12,443,469$3,770,316$2,506,082$8,539,031
60$13,606,507$3,848,867$2,483,841$9,193,500
61$14,884,831$3,927,921$2,457,509$9,909,784
62$16,290,093$4,007,398$2,426,845$10,694,108
63$17,835,132$4,087,210$2,391,594$11,553,332
64$19,534,094$4,167,262$2,351,491$12,495,018
65$21,402,563$4,247,450$2,306,258$13,527,499
66$23,457,710$4,327,660$2,255,603$14,659,959
67$25,718,452$4,407,772$2,199,222$15,902,520
68$28,205,634$4,487,652$2,136,795$17,266,339
69$30,942,222$4,567,160$2,067,991$18,763,712
70$33,953,519$4,646,141$1,992,459$20,408,190
71$37,267,407$4,724,431$1,909,835$22,214,712
72$40,914,606$4,801,852$1,819,738$24,199,738
73$44,928,966$4,878,213$1,721,770$26,381,414
74$49,347,785$4,953,310$1,615,513$28,779,739
75$54,212,159$5,026,922$1,500,533$31,416,753
76$59,567,373$5,098,814$1,376,374$34,316,750
77$65,463,324$5,168,735$1,242,562$37,506,505
78$71,954,994$5,236,415$1,098,599$41,015,530
79$79,102,969$5,301,565$943,968$44,876,350
80$86,974,007$5,363,877$778,126$49,124,813
81$95,641,671$5,423,022$600,508$53,800,430
82$105,187,021$5,478,649$410,525$58,946,749
83$115,699,378$5,530,384$207,558$64,611,764
84$127,277,168$5,577,827$0$70,848,375
85$140,028,852$5,620,553$0$77,716,329
86$154,073,944$5,658,109$0$85,313,982
87$169,544,143$5,690,013$0$93,679,011
88$186,584,574$5,715,752$0$102,889,587
89$205,355,157$5,734,780$0$113,031,856
90$226,032,117$5,746,518$0$124,200,756
91$248,809,645$5,750,350$0$136,500,913
92$273,901,732$5,745,620$0$150,047,631
93$301,544,186$5,731,633$0$164,967,979
94$331,996,863$5,707,652$0$181,401,992
95$365,546,110$5,672,895$0$199,503,997
96$402,507,475$5,626,529$0$219,444,070
97$443,228,684$5,567,675$0$241,409,641
98$488,092,917$5,495,398$0$265,607,267
99$537,522,431$5,408,709$0$292,264,583
100$591,982,543$5,306,560$0$321,632,455