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%15%
1 years$191,583$189,877$188,212$186,587$185,000$181,191
2 years$94,843$93,077$91,365$89,705$88,095$84,275
3 years$62,601$60,827$59,119$57,475$55,891$52,179
4 years$46,483$44,714$43,024$41,408$39,862$36,286
5 years$36,814$35,056$33,388$31,805$30,303$26,873
6 years$30,371$28,626$26,983$25,435$23,977$20,699
7 years$25,770$24,040$22,423$20,911$19,500$16,372
8 years$22,321$20,607$19,016$17,542$16,177$13,200
9 years$19,640$17,942$16,379$14,942$13,624$10,794
10 years$17,497$15,815$14,279$12,880$11,608$8,924
11 years$15,744$14,079$12,571$11,209$9,983$7,441
12 years$14,284$12,637$11,157$9,832$8,651$6,248
13 years$13,050$11,420$9,968$8,680$7,544$5,275
14 years$11,994$10,380$8,956$7,705$6,613$4,473
15 years$11,078$9,483$8,086$6,872$5,823$3,808
16 years$10,278$8,700$7,331$6,153$5,146$3,252
17 years$9,573$8,013$6,671$5,528$4,563$2,784
18 years$8,947$7,404$6,090$4,982$4,057$2,389
19 years$8,388$6,862$5,575$4,502$3,616$2,054
20 years$7,885$6,376$5,116$4,077$3,230$1,769
21 years$7,431$5,939$4,706$3,700$2,891$1,525
22 years$7,018$5,544$4,337$3,365$2,591$1,316
23 years$6,642$5,185$4,005$3,064$2,326$1,138
24 years$6,298$4,858$3,704$2,795$2,090$984
25 years$5,981$4,559$3,430$2,552$1,881$851
26 years$5,690$4,285$3,182$2,334$1,694$737
27 years$5,420$4,033$2,954$2,136$1,528$639
28 years$5,171$3,800$2,746$1,957$1,378$554
29 years$4,939$3,585$2,556$1,795$1,245$480
30 years$4,723$3,386$2,381$1,647$1,125$417
31 years$4,521$3,200$2,219$1,513$1,017$362
32 years$4,332$3,028$2,071$1,390$920$314
33 years$4,155$2,868$1,933$1,278$832$273
34 years$3,989$2,718$1,807$1,176$754$237
35 years$3,832$2,578$1,689$1,083$683$206
36 years$3,685$2,447$1,580$997$618$179
37 years$3,546$2,324$1,479$919$561$155
38 years$3,414$2,209$1,385$847$508$135
39 years$3,290$2,100$1,297$781$461$117
40 years$3,172$1,998$1,216$720$418$102
41 years$3,060$1,902$1,140$665$379$89
42 years$2,954$1,811$1,070$613$344$77
43 years$2,853$1,726$1,004$566$312$67
44 years$2,756$1,645$942$523$283$58
45 years$2,665$1,569$885$483$257$51
46 years$2,577$1,497$831$446$234$44
47 years$2,494$1,428$781$412$212$38
48 years$2,414$1,363$734$381$193$33
49 years$2,338$1,302$690$352$175$29
50 years$2,265$1,244$648$325$159$25

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 $2,701 every year, while hoping to spend $49,055 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: 67/14/19 Blend
39$2,320,000$2,320,000$2,320,000$2,320,000
40$2,559,426$2,436,466$2,400,506$2,718,694
41$2,768,293$2,503,659$2,428,729$2,892,804
42$2,996,821$2,572,500$2,456,253$3,077,184
43$3,246,963$2,643,018$2,483,003$3,277,621
44$3,520,869$2,715,243$2,508,901$3,495,692
45$3,820,910$2,789,202$2,533,861$3,733,134
46$4,149,694$2,864,923$2,557,796$3,991,860
47$4,510,093$2,942,435$2,580,613$4,273,978
48$4,905,274$3,021,765$2,602,214$4,581,809
49$5,338,719$3,102,939$2,622,496$4,917,910
50$5,814,269$3,185,984$2,641,350$5,285,098
51$6,336,152$3,270,925$2,658,663$5,686,476
52$6,909,025$3,357,785$2,674,313$6,125,463
53$7,538,018$3,446,589$2,688,175$6,605,826
54$8,228,783$3,537,360$2,700,117$7,131,716
55$8,987,546$3,630,117$2,709,997$7,707,704
56$9,821,164$3,724,881$2,717,671$8,338,829
57$10,737,193$3,821,671$2,722,983$9,030,641
58$11,743,957$3,920,503$2,725,773$9,789,258
59$12,850,625$4,021,392$2,725,872$10,621,418
60$14,067,301$4,124,352$2,723,100$11,534,549
61$15,405,113$4,229,393$2,717,271$12,536,833
62$16,876,325$4,336,524$2,708,190$13,637,287
63$18,494,447$4,445,750$2,695,651$14,845,847
64$20,274,365$4,557,076$2,679,440$16,173,463
65$22,232,479$4,670,502$2,659,330$17,632,199
66$24,386,860$4,786,024$2,635,086$19,235,352
67$26,757,417$4,903,638$2,606,459$20,997,572
68$29,366,089$5,023,332$2,573,191$22,935,005
69$32,237,048$5,145,092$2,535,010$25,065,443
70$35,396,926$5,268,901$2,491,632$27,408,491
71$38,875,070$5,394,734$2,442,760$29,985,757
72$42,703,816$5,522,565$2,388,081$32,821,050
73$46,918,794$5,652,360$2,327,270$35,940,608
74$51,559,264$5,784,079$2,259,987$39,373,346
75$56,668,487$5,917,677$2,185,875$43,151,130
76$62,294,132$6,053,101$2,104,560$47,309,075
77$68,488,724$6,190,294$2,015,653$51,885,877
78$75,310,142$6,329,187$1,918,747$56,924,182
79$82,822,167$6,469,707$1,813,415$62,470,985
80$91,095,074$6,611,770$1,699,211$68,578,077
81$100,206,308$6,755,282$1,575,670$75,302,532
82$110,241,202$6,900,142$1,442,306$82,707,246
83$121,293,792$7,046,237$1,298,611$90,861,532
84$133,467,698$7,193,441$1,144,054$99,841,776
85$146,877,104$7,341,620$978,080$109,732,156
86$161,647,833$7,490,624$800,110$120,625,436
87$177,918,539$7,640,291$609,540$132,623,850
88$195,842,009$7,790,445$405,739$145,840,055
89$215,586,610$7,940,893$188,048$160,398,208
90$237,337,876$8,091,428$0$176,435,129
91$261,300,255$8,241,824$0$194,110,574
92$287,699,045$8,391,838$0$213,622,998
93$316,782,516$8,541,206$0$235,117,506
94$348,824,254$8,689,646$0$258,796,056
95$384,125,741$8,836,852$0$284,881,198
96$423,019,205$8,982,496$0$313,618,180
97$465,870,749$9,126,224$0$345,277,258
98$513,083,815$9,267,658$0$380,156,252
99$565,102,982$9,406,391$0$418,583,352
100$622,418,169$9,541,987$0$460,920,221