Can I retire at age 40 with 2,330,000?

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 $2,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$192,409$190,695$189,023$187,391$185,797$182,795
2 years$95,252$93,478$91,759$90,092$88,475$85,458
3 years$62,871$61,089$59,374$57,723$56,132$53,195
4 years$46,683$44,907$43,209$41,586$40,034$37,199
5 years$36,973$35,208$33,532$31,942$30,433$27,709
6 years$30,502$28,750$27,099$25,544$24,081$21,470
7 years$25,881$24,144$22,519$21,001$19,584$17,088
8 years$22,418$20,696$19,098$17,618$16,247$13,864
9 years$19,725$18,019$16,449$15,006$13,682$11,413
10 years$17,572$15,883$14,341$12,936$11,658$9,499
11 years$15,812$14,140$12,625$11,258$10,026$7,976
12 years$14,346$12,691$11,205$9,875$8,689$6,744
13 years$13,107$11,469$10,011$8,718$7,577$5,735
14 years$12,045$10,425$8,995$7,739$6,642$4,900
15 years$11,126$9,524$8,121$6,902$5,848$4,204
16 years$10,323$8,738$7,363$6,180$5,168$3,617
17 years$9,615$8,047$6,700$5,552$4,583$3,122
18 years$8,986$7,436$6,116$5,004$4,075$2,700
19 years$8,424$6,891$5,599$4,521$3,632$2,340
20 years$7,919$6,404$5,139$4,095$3,244$2,032
21 years$7,463$5,965$4,726$3,716$2,903$1,767
22 years$7,048$5,568$4,356$3,379$2,602$1,538
23 years$6,670$5,208$4,022$3,077$2,336$1,340
24 years$6,325$4,879$3,720$2,807$2,099$1,169
25 years$6,007$4,579$3,445$2,563$1,889$1,021
26 years$5,714$4,303$3,195$2,344$1,702$892
27 years$5,444$4,050$2,967$2,145$1,534$780
28 years$5,193$3,816$2,758$1,966$1,384$682
29 years$4,960$3,600$2,567$1,802$1,250$597
30 years$4,743$3,400$2,391$1,654$1,130$523
31 years$4,540$3,214$2,229$1,519$1,021$458
32 years$4,350$3,041$2,080$1,396$924$401
33 years$4,173$2,880$1,942$1,284$836$351
34 years$4,006$2,730$1,814$1,181$757$308
35 years$3,849$2,589$1,696$1,087$686$270
36 years$3,701$2,457$1,587$1,002$621$237
37 years$3,561$2,334$1,485$923$563$208
38 years$3,429$2,218$1,391$851$510$182
39 years$3,304$2,109$1,303$784$463$160
40 years$3,185$2,007$1,221$723$420$140
41 years$3,073$1,910$1,145$667$381$123
42 years$2,966$1,819$1,074$616$346$108
43 years$2,865$1,733$1,008$569$314$95
44 years$2,768$1,652$946$525$285$83
45 years$2,676$1,576$889$485$258$73
46 years$2,589$1,503$835$448$235$64
47 years$2,505$1,434$784$414$213$56
48 years$2,425$1,369$737$382$194$49
49 years$2,348$1,308$692$353$176$43
50 years$2,275$1,249$651$327$160$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,330,000, adding $2,120 every year, while hoping to spend $38,821 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: 71/22/7 Blend
39$2,330,000$2,330,000$2,330,000$2,330,000
40$2,569,847$2,446,357$2,410,242$2,749,452
41$2,790,666$2,524,923$2,449,680$2,946,930
42$3,032,707$2,606,038$2,489,138$3,157,994
43$3,298,095$2,689,785$2,528,575$3,387,934
44$3,589,168$2,776,252$2,567,950$3,638,597
45$3,908,502$2,865,527$2,607,215$3,912,016
46$4,258,936$2,957,705$2,646,323$4,210,430
47$4,643,594$3,052,879$2,685,222$4,536,303
48$5,065,920$3,151,150$2,723,856$4,892,347
49$5,529,707$3,252,619$2,762,168$5,281,551
50$6,039,133$3,357,393$2,800,097$5,707,202
51$6,598,800$3,465,581$2,837,575$6,172,922
52$7,213,779$3,577,295$2,874,535$6,682,701
53$7,889,655$3,692,654$2,910,903$7,240,931
54$8,632,584$3,811,777$2,946,602$7,852,448
55$9,449,343$3,934,791$2,981,549$8,522,581
56$10,347,404$4,061,823$3,015,659$9,257,198
57$11,334,995$4,193,008$3,048,839$10,062,761
58$12,421,183$4,328,484$3,080,994$10,946,391
59$13,615,958$4,468,394$3,112,022$11,915,928
60$14,930,326$4,612,886$3,141,815$12,980,012
61$16,376,414$4,762,112$3,170,261$14,148,157
62$17,967,584$4,916,231$3,197,240$15,430,847
63$19,718,558$5,075,406$3,222,627$16,839,628
64$21,645,557$5,239,807$3,246,291$18,387,223
65$23,766,454$5,409,608$3,268,093$20,087,647
66$26,100,944$5,584,991$3,287,885$21,956,339
67$28,670,727$5,766,142$3,305,516$24,010,312
68$31,499,713$5,953,255$3,320,823$26,268,306
69$34,614,250$6,146,531$3,333,637$28,750,970
70$38,043,369$6,346,177$3,343,780$31,481,055
71$41,819,060$6,552,407$3,351,063$34,483,626
72$45,976,573$6,765,443$3,355,292$37,786,299
73$50,554,748$6,985,515$3,356,260$41,419,505
74$55,596,388$7,212,860$3,353,750$45,416,770
75$61,148,654$7,447,724$3,347,535$49,815,036
76$67,263,516$7,690,362$3,337,376$54,655,007
77$73,998,241$7,941,037$3,323,026$59,981,533
78$81,415,935$8,200,021$3,304,220$65,844,032
79$89,586,135$8,467,596$3,280,686$72,296,959
80$98,585,467$8,744,055$3,252,135$79,400,314
81$108,498,369$9,029,698$3,218,266$87,220,210
82$119,417,889$9,324,840$3,178,764$95,829,501
83$131,446,559$9,629,802$3,133,298$105,308,460
84$144,697,367$9,944,922$3,081,523$115,745,545
85$159,294,821$10,270,545$3,023,076$127,238,225
86$175,376,121$10,607,030$2,957,578$139,893,908
87$193,092,462$10,954,751$2,884,632$153,830,946
88$212,610,450$11,314,090$2,803,825$169,179,756
89$234,113,683$11,685,448$2,714,720$186,084,049
90$257,804,480$12,069,237$2,616,865$204,702,188
91$283,905,792$12,465,884$2,509,785$225,208,677
92$312,663,303$12,875,833$2,392,983$247,795,811
93$344,347,753$13,299,542$2,265,941$272,675,492
94$379,257,489$13,737,485$2,128,115$300,081,224
95$417,721,286$14,190,154$1,978,940$330,270,319
96$460,101,445$14,658,060$1,817,823$363,526,324
97$506,797,218$15,141,730$1,644,144$400,161,700
98$558,248,569$15,641,710$1,457,259$440,520,764
99$614,940,337$16,158,568$1,256,491$484,982,945
100$677,406,803$16,692,889$1,041,135$533,966,360