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%11.1%
1 years$191,583$189,877$188,212$186,587$185,000$184,143
2 years$94,843$93,077$91,365$89,705$88,095$87,230
3 years$62,601$60,827$59,119$57,475$55,891$55,045
4 years$46,483$44,714$43,024$41,408$39,862$39,041
5 years$36,814$35,056$33,388$31,805$30,303$29,509
6 years$30,371$28,626$26,983$25,435$23,977$23,213
7 years$25,770$24,040$22,423$20,911$19,500$18,764
8 years$22,321$20,607$19,016$17,542$16,177$15,471
9 years$19,640$17,942$16,379$14,942$13,624$12,946
10 years$17,497$15,815$14,279$12,880$11,608$10,959
11 years$15,744$14,079$12,571$11,209$9,983$9,363
12 years$14,284$12,637$11,157$9,832$8,651$8,058
13 years$13,050$11,420$9,968$8,680$7,544$6,978
14 years$11,994$10,380$8,956$7,705$6,613$6,074
15 years$11,078$9,483$8,086$6,872$5,823$5,310
16 years$10,278$8,700$7,331$6,153$5,146$4,658
17 years$9,573$8,013$6,671$5,528$4,563$4,099
18 years$8,947$7,404$6,090$4,982$4,057$3,617
19 years$8,388$6,862$5,575$4,502$3,616$3,199
20 years$7,885$6,376$5,116$4,077$3,230$2,835
21 years$7,431$5,939$4,706$3,700$2,891$2,517
22 years$7,018$5,544$4,337$3,365$2,591$2,238
23 years$6,642$5,185$4,005$3,064$2,326$1,993
24 years$6,298$4,858$3,704$2,795$2,090$1,776
25 years$5,981$4,559$3,430$2,552$1,881$1,585
26 years$5,690$4,285$3,182$2,334$1,694$1,416
27 years$5,420$4,033$2,954$2,136$1,528$1,266
28 years$5,171$3,800$2,746$1,957$1,378$1,132
29 years$4,939$3,585$2,556$1,795$1,245$1,013
30 years$4,723$3,386$2,381$1,647$1,125$908
31 years$4,521$3,200$2,219$1,513$1,017$813
32 years$4,332$3,028$2,071$1,390$920$729
33 years$4,155$2,868$1,933$1,278$832$654
34 years$3,989$2,718$1,807$1,176$754$587
35 years$3,832$2,578$1,689$1,083$683$527
36 years$3,685$2,447$1,580$997$618$473
37 years$3,546$2,324$1,479$919$561$425
38 years$3,414$2,209$1,385$847$508$381
39 years$3,290$2,100$1,297$781$461$343
40 years$3,172$1,998$1,216$720$418$308
41 years$3,060$1,902$1,140$665$379$277
42 years$2,954$1,811$1,070$613$344$249
43 years$2,853$1,726$1,004$566$312$224
44 years$2,756$1,645$942$523$283$201
45 years$2,665$1,569$885$483$257$181
46 years$2,577$1,497$831$446$234$163
47 years$2,494$1,428$781$412$212$146
48 years$2,414$1,363$734$381$193$132
49 years$2,338$1,302$690$352$175$118
50 years$2,265$1,244$648$325$159$106

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 $5,429 every year, while hoping to spend $52,287 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: 78/6/16 Blend
39$2,320,000$2,320,000$2,320,000$2,320,000
40$2,562,240$2,439,280$2,403,320$2,752,848
41$2,767,956$2,503,172$2,428,198$2,943,188
42$2,992,902$2,568,442$2,452,158$3,144,767
43$3,238,985$2,635,102$2,475,112$3,364,440
44$3,508,303$2,703,165$2,496,970$3,603,998
45$3,803,169$2,772,639$2,517,638$3,865,412
46$4,126,128$2,843,533$2,537,014$4,150,855
47$4,479,982$2,915,855$2,554,993$4,462,718
48$4,867,818$2,989,610$2,571,463$4,803,638
49$5,293,036$3,064,802$2,586,307$5,176,516
50$5,759,380$3,141,432$2,599,403$5,584,553
51$6,270,975$3,219,500$2,610,621$6,031,272
52$6,832,362$3,299,003$2,619,826$6,520,554
53$7,448,547$3,379,938$2,626,873$7,056,677
54$8,125,039$3,462,296$2,631,614$7,644,354
55$8,867,911$3,546,066$2,633,891$8,288,777
56$9,683,851$3,631,236$2,633,540$8,995,666
57$10,580,226$3,717,789$2,630,385$9,771,326
58$11,565,153$3,805,705$2,624,247$10,622,701
59$12,647,574$3,894,960$2,614,935$11,557,445
60$13,837,339$3,985,525$2,602,247$12,583,991
61$15,145,300$4,077,369$2,585,976$13,711,630
62$16,583,416$4,170,455$2,565,901$14,950,602
63$18,164,858$4,264,740$2,541,792$16,312,189
64$19,904,139$4,360,179$2,513,408$17,808,824
65$21,817,252$4,456,718$2,480,497$19,454,207
66$23,921,813$4,554,298$2,442,795$21,263,435
67$26,237,233$4,652,855$2,400,025$23,253,143
68$28,784,902$4,752,315$2,351,896$25,441,663
69$31,588,384$4,852,601$2,298,107$27,849,198
70$34,673,646$4,953,625$2,238,340$30,498,007
71$38,069,296$5,055,290$2,172,262$33,412,623
72$41,806,859$5,157,495$2,099,528$36,620,078
73$45,921,070$5,260,123$2,019,774$40,150,163
74$50,450,202$5,363,053$1,932,620$44,035,707
75$55,436,430$5,466,149$1,837,669$48,312,885
76$60,926,222$5,569,267$1,734,508$53,021,564
77$66,970,785$5,672,249$1,622,702$58,205,678
78$73,626,541$5,774,925$1,501,798$63,913,639
79$80,955,662$5,877,111$1,371,323$70,198,800
80$89,026,660$5,978,609$1,230,782$77,119,956
81$97,915,025$6,079,207$1,079,659$84,741,897
82$107,703,945$6,178,675$917,414$93,136,025
83$118,485,084$6,276,767$743,485$102,381,023
84$130,359,452$6,373,218$557,281$112,563,601
85$143,438,356$6,467,746$358,190$123,779,316
86$157,844,449$6,560,046$145,570$136,133,470
87$173,712,887$6,649,793$0$149,742,109
88$191,192,608$6,736,639$0$164,747,000
89$210,447,732$6,820,213$0$181,302,612
90$231,659,114$6,900,116$0$199,539,494
91$255,026,046$6,975,924$0$219,628,925
92$280,768,143$7,047,185$0$241,759,647
93$309,127,412$7,113,415$0$266,139,647
94$340,370,534$7,174,099$0$292,998,124
95$374,791,387$7,228,688$0$322,587,646
96$412,713,814$7,276,599$0$355,186,537
97$454,494,680$7,317,209$0$391,101,506
98$500,527,241$7,349,856$0$430,670,539
99$551,244,859$7,373,838$0$474,266,088
100$607,125,084$7,388,406$0$522,298,590