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

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 $2,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$191,583$189,877$188,212$186,587$185,000$177,800
2 years$94,843$93,077$91,365$89,705$88,095$80,929
3 years$62,601$60,827$59,119$57,475$55,891$48,983
4 years$46,483$44,714$43,024$41,408$39,862$33,266
5 years$36,814$35,056$33,388$31,805$30,303$24,034
6 years$30,371$28,626$26,983$25,435$23,977$18,041
7 years$25,770$24,040$22,423$20,911$19,500$13,894
8 years$22,321$20,607$19,016$17,542$16,177$10,896
9 years$19,640$17,942$16,379$14,942$13,624$8,660
10 years$17,497$15,815$14,279$12,880$11,608$6,952
11 years$15,744$14,079$12,571$11,209$9,983$5,624
12 years$14,284$12,637$11,157$9,832$8,651$4,577
13 years$13,050$11,420$9,968$8,680$7,544$3,743
14 years$11,994$10,380$8,956$7,705$6,613$3,073
15 years$11,078$9,483$8,086$6,872$5,823$2,531
16 years$10,278$8,700$7,331$6,153$5,146$2,090
17 years$9,573$8,013$6,671$5,528$4,563$1,729
18 years$8,947$7,404$6,090$4,982$4,057$1,433
19 years$8,388$6,862$5,575$4,502$3,616$1,189
20 years$7,885$6,376$5,116$4,077$3,230$988
21 years$7,431$5,939$4,706$3,700$2,891$821
22 years$7,018$5,544$4,337$3,365$2,591$683
23 years$6,642$5,185$4,005$3,064$2,326$569
24 years$6,298$4,858$3,704$2,795$2,090$474
25 years$5,981$4,559$3,430$2,552$1,881$395
26 years$5,690$4,285$3,182$2,334$1,694$330
27 years$5,420$4,033$2,954$2,136$1,528$275
28 years$5,171$3,800$2,746$1,957$1,378$229
29 years$4,939$3,585$2,556$1,795$1,245$191
30 years$4,723$3,386$2,381$1,647$1,125$160
31 years$4,521$3,200$2,219$1,513$1,017$133
32 years$4,332$3,028$2,071$1,390$920$111
33 years$4,155$2,868$1,933$1,278$832$93
34 years$3,989$2,718$1,807$1,176$754$78
35 years$3,832$2,578$1,689$1,083$683$65
36 years$3,685$2,447$1,580$997$618$54
37 years$3,546$2,324$1,479$919$561$45
38 years$3,414$2,209$1,385$847$508$38
39 years$3,290$2,100$1,297$781$461$32
40 years$3,172$1,998$1,216$720$418$26
41 years$3,060$1,902$1,140$665$379$22
42 years$2,954$1,811$1,070$613$344$18
43 years$2,853$1,726$1,004$566$312$15
44 years$2,756$1,645$942$523$283$13
45 years$2,665$1,569$885$483$257$11
46 years$2,577$1,497$831$446$234$9
47 years$2,494$1,428$781$412$212$7
48 years$2,414$1,363$734$381$193$6
49 years$2,338$1,302$690$352$175$5
50 years$2,265$1,244$648$325$159$4

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 $5,362 every year, while hoping to spend $33,530 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: 65/16/19 Blend
39$2,320,000$2,320,000$2,320,000$2,320,000
40$2,562,171$2,439,211$2,403,251$2,716,149
41$2,787,837$2,523,057$2,448,084$2,903,987
42$3,035,397$2,609,887$2,493,296$3,104,856
43$3,307,048$2,699,813$2,538,862$3,323,575
44$3,605,213$2,792,949$2,584,760$3,561,891
45$3,932,557$2,889,416$2,630,962$3,821,730
46$4,292,018$2,989,338$2,677,439$4,105,212
47$4,686,832$3,092,843$2,724,161$4,414,670
48$5,120,563$3,200,066$2,771,095$4,752,673
49$5,597,138$3,311,148$2,818,204$5,122,050
50$6,120,884$3,426,232$2,865,452$5,525,919
51$6,696,566$3,545,469$2,912,796$5,967,709
52$7,329,435$3,669,017$2,960,195$6,451,201
53$8,025,277$3,797,037$3,007,600$6,980,555
54$8,790,463$3,929,701$3,054,963$7,560,356
55$9,632,017$4,067,183$3,102,231$8,195,653
56$10,557,675$4,209,667$3,149,348$8,892,008
57$11,575,960$4,357,343$3,196,253$9,655,546
58$12,696,265$4,510,409$3,242,885$10,493,017
59$13,928,936$4,669,072$3,289,174$11,411,852
60$15,285,377$4,833,545$3,335,050$12,420,242
61$16,778,148$5,004,051$3,380,437$13,527,207
62$18,421,092$5,180,823$3,425,255$14,742,687
63$20,229,462$5,364,101$3,469,419$16,077,629
64$22,220,061$5,554,137$3,512,839$17,544,096
65$24,411,408$5,751,191$3,555,420$19,155,378
66$26,823,908$5,955,534$3,597,062$20,926,115
67$29,480,042$6,167,451$3,637,659$22,872,440
68$32,404,584$6,387,234$3,677,099$25,012,126
69$35,624,834$6,615,191$3,715,264$27,364,754
70$39,170,871$6,851,639$3,752,029$29,951,901
71$43,075,841$7,096,911$3,787,263$32,797,339
72$47,376,269$7,351,352$3,820,829$35,927,261
73$52,112,402$7,615,321$3,852,580$39,370,529
74$57,328,588$7,889,193$3,882,362$43,158,942
75$63,073,697$8,173,357$3,910,015$47,327,540
76$69,401,583$8,468,220$3,935,369$51,914,932
77$76,371,585$8,774,203$3,958,244$56,963,661
78$84,049,095$9,091,748$3,978,454$62,520,603
79$92,506,171$9,421,312$3,995,800$68,637,411
80$101,822,216$9,763,372$4,010,076$75,371,004
81$112,084,732$10,118,427$4,021,063$82,784,097
82$123,390,138$10,486,994$4,028,532$90,945,799
83$135,844,688$10,869,612$4,032,244$99,932,263
84$149,565,468$11,266,845$4,031,946$109,827,404
85$164,681,503$11,679,278$4,027,373$120,723,688
86$181,334,975$12,107,521$4,018,249$132,723,009
87$199,682,564$12,552,211$4,004,282$145,937,646
88$219,896,927$13,014,010$3,985,166$160,491,325
89$242,168,326$13,493,610$3,960,582$176,520,386
90$266,706,429$13,991,730$3,930,196$194,175,068
91$293,742,282$14,509,122$3,893,654$213,620,926
92$323,530,494$15,046,568$3,850,590$235,040,397
93$356,351,637$15,604,883$3,800,618$258,634,518
94$392,514,900$16,184,918$3,743,335$284,624,821
95$432,361,001$16,787,560$3,678,318$313,255,432
96$476,265,406$17,413,733$3,605,124$344,795,364
97$524,641,873$18,064,401$3,523,291$379,541,064
98$577,946,357$18,740,571$3,432,335$417,819,208
99$636,681,316$19,443,289$3,331,748$459,989,782
100$701,400,450$20,173,650$3,221,002$506,449,481