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%18.9%
1 years$191,583$189,877$188,212$186,587$185,000$178,365
2 years$94,843$93,077$91,365$89,705$88,095$81,482
3 years$62,601$60,827$59,119$57,475$55,891$49,508
4 years$46,483$44,714$43,024$41,408$39,862$33,758
5 years$36,814$35,056$33,388$31,805$30,303$24,493
6 years$30,371$28,626$26,983$25,435$23,977$18,467
7 years$25,770$24,040$22,423$20,911$19,500$14,287
8 years$22,321$20,607$19,016$17,542$16,177$11,258
9 years$19,640$17,942$16,379$14,942$13,624$8,991
10 years$17,497$15,815$14,279$12,880$11,608$7,254
11 years$15,744$14,079$12,571$11,209$9,983$5,899
12 years$14,284$12,637$11,157$9,832$8,651$4,827
13 years$13,050$11,420$9,968$8,680$7,544$3,970
14 years$11,994$10,380$8,956$7,705$6,613$3,277
15 years$11,078$9,483$8,086$6,872$5,823$2,714
16 years$10,278$8,700$7,331$6,153$5,146$2,254
17 years$9,573$8,013$6,671$5,528$4,563$1,876
18 years$8,947$7,404$6,090$4,982$4,057$1,564
19 years$8,388$6,862$5,575$4,502$3,616$1,306
20 years$7,885$6,376$5,116$4,077$3,230$1,091
21 years$7,431$5,939$4,706$3,700$2,891$913
22 years$7,018$5,544$4,337$3,365$2,591$765
23 years$6,642$5,185$4,005$3,064$2,326$641
24 years$6,298$4,858$3,704$2,795$2,090$537
25 years$5,981$4,559$3,430$2,552$1,881$451
26 years$5,690$4,285$3,182$2,334$1,694$378
27 years$5,420$4,033$2,954$2,136$1,528$318
28 years$5,171$3,800$2,746$1,957$1,378$267
29 years$4,939$3,585$2,556$1,795$1,245$224
30 years$4,723$3,386$2,381$1,647$1,125$188
31 years$4,521$3,200$2,219$1,513$1,017$158
32 years$4,332$3,028$2,071$1,390$920$133
33 years$4,155$2,868$1,933$1,278$832$112
34 years$3,989$2,718$1,807$1,176$754$94
35 years$3,832$2,578$1,689$1,083$683$79
36 years$3,685$2,447$1,580$997$618$66
37 years$3,546$2,324$1,479$919$561$56
38 years$3,414$2,209$1,385$847$508$47
39 years$3,290$2,100$1,297$781$461$39
40 years$3,172$1,998$1,216$720$418$33
41 years$3,060$1,902$1,140$665$379$28
42 years$2,954$1,811$1,070$613$344$23
43 years$2,853$1,726$1,004$566$312$20
44 years$2,756$1,645$942$523$283$17
45 years$2,665$1,569$885$483$257$14
46 years$2,577$1,497$831$446$234$12
47 years$2,494$1,428$781$412$212$10
48 years$2,414$1,363$734$381$193$8
49 years$2,338$1,302$690$352$175$7
50 years$2,265$1,244$648$325$159$6

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 $6,142 every year, while hoping to spend $43,115 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: 64/30/6 Blend
39$2,320,000$2,320,000$2,320,000$2,320,000
40$2,562,975$2,440,015$2,404,055$2,724,044
41$2,778,525$2,513,702$2,438,717$2,905,686
42$3,014,615$2,589,555$2,473,095$3,098,317
43$3,273,297$2,667,633$2,507,134$3,307,564
44$3,556,826$2,748,000$2,540,776$3,535,035
45$3,867,689$2,830,719$2,573,959$3,782,500
46$4,208,624$2,915,855$2,606,618$4,051,907
47$4,582,648$3,003,476$2,638,683$4,345,399
48$4,993,081$3,093,649$2,670,082$4,665,336
49$5,443,583$3,186,446$2,700,738$5,014,318
50$5,938,184$3,281,937$2,730,568$5,395,203
51$6,481,324$3,380,198$2,759,487$5,811,141
52$7,077,894$3,481,302$2,787,405$6,265,600
53$7,733,281$3,585,328$2,814,226$6,762,399
54$8,453,422$3,692,355$2,839,848$7,305,742
55$9,244,854$3,802,464$2,864,166$7,900,259
56$10,114,782$3,915,737$2,887,068$8,551,052
57$11,071,141$4,032,260$2,908,437$9,263,737
58$12,122,676$4,152,119$2,928,147$10,044,499
59$13,279,018$4,275,402$2,946,070$10,900,154
60$14,550,783$4,402,201$2,962,068$11,838,207
61$15,949,662$4,532,609$2,975,997$12,866,925
62$17,488,540$4,666,719$2,987,705$13,995,416
63$19,181,612$4,804,629$2,997,034$15,233,712
64$21,044,518$4,946,438$3,003,817$16,592,864
65$23,094,492$5,092,247$3,007,878$18,085,050
66$25,350,522$5,242,158$3,009,033$19,723,680
67$27,833,529$5,396,277$3,007,089$21,523,533
68$30,566,565$5,554,712$3,001,843$23,500,889
69$33,575,034$5,717,571$2,993,084$25,673,684
70$36,886,922$5,884,967$2,980,587$28,061,679
71$40,533,071$6,057,013$2,964,119$30,686,648
72$44,547,463$6,233,826$2,943,436$33,572,579
73$48,967,544$6,415,523$2,918,281$36,745,904
74$53,834,574$6,602,224$2,888,384$40,235,744
75$59,194,020$6,794,053$2,853,465$44,074,187
76$65,095,982$6,991,134$2,813,228$48,296,589
77$71,595,666$7,193,592$2,767,364$52,941,906
78$78,753,903$7,401,558$2,715,551$58,053,064
79$86,637,729$7,615,162$2,657,449$63,677,360
80$95,321,009$7,834,537$2,592,705$69,866,911
81$104,885,140$8,059,817$2,520,949$76,679,144
82$115,419,816$8,291,140$2,441,792$84,177,339
83$127,023,875$8,528,643$2,354,830$92,431,222
84$139,806,232$8,772,469$2,259,639$101,517,628
85$153,886,906$9,022,758$2,155,776$111,521,221
86$169,398,153$9,279,656$2,042,776$122,535,296
87$186,485,713$9,543,307$1,920,157$134,662,656
88$205,310,186$9,813,859$1,787,413$148,016,584
89$226,048,547$10,091,460$1,644,013$162,721,914
90$248,895,817$10,376,261$1,489,406$178,916,201
91$274,066,905$10,668,412$1,323,016$196,751,029
92$301,798,630$10,968,065$1,144,238$216,393,434
93$332,351,963$11,275,373$952,443$238,027,482
94$366,014,488$11,590,491$746,974$261,856,008
95$403,103,113$11,913,572$527,145$288,102,528
96$443,967,065$12,244,771$292,238$317,013,350
97$488,991,183$12,584,243$41,506$348,859,897
98$538,599,556$12,932,143$0$383,941,270
99$593,259,518$13,288,625$0$422,601,541
100$653,486,064$13,653,843$0$465,193,228