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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.9%
1 years$192,409$190,695$189,023$187,391$185,797$183,552
2 years$95,252$93,478$91,759$90,092$88,475$86,215
3 years$62,871$61,089$59,374$57,723$56,132$53,928
4 years$46,683$44,907$43,209$41,586$40,034$37,903
5 years$36,973$35,208$33,532$31,942$30,433$28,381
6 years$30,502$28,750$27,099$25,544$24,081$22,110
7 years$25,881$24,144$22,519$21,001$19,584$17,696
8 years$22,418$20,696$19,098$17,618$16,247$14,441
9 years$19,725$18,019$16,449$15,006$13,682$11,957
10 years$17,572$15,883$14,341$12,936$11,658$10,013
11 years$15,812$14,140$12,625$11,258$10,026$8,460
12 years$14,346$12,691$11,205$9,875$8,689$7,200
13 years$13,107$11,469$10,011$8,718$7,577$6,163
14 years$12,045$10,425$8,995$7,739$6,642$5,301
15 years$11,126$9,524$8,121$6,902$5,848$4,578
16 years$10,323$8,738$7,363$6,180$5,168$3,968
17 years$9,615$8,047$6,700$5,552$4,583$3,448
18 years$8,986$7,436$6,116$5,004$4,075$3,004
19 years$8,424$6,891$5,599$4,521$3,632$2,623
20 years$7,919$6,404$5,139$4,095$3,244$2,294
21 years$7,463$5,965$4,726$3,716$2,903$2,010
22 years$7,048$5,568$4,356$3,379$2,602$1,763
23 years$6,670$5,208$4,022$3,077$2,336$1,548
24 years$6,325$4,879$3,720$2,807$2,099$1,361
25 years$6,007$4,579$3,445$2,563$1,889$1,198
26 years$5,714$4,303$3,195$2,344$1,702$1,055
27 years$5,444$4,050$2,967$2,145$1,534$930
28 years$5,193$3,816$2,758$1,966$1,384$820
29 years$4,960$3,600$2,567$1,802$1,250$723
30 years$4,743$3,400$2,391$1,654$1,130$638
31 years$4,540$3,214$2,229$1,519$1,021$564
32 years$4,350$3,041$2,080$1,396$924$498
33 years$4,173$2,880$1,942$1,284$836$440
34 years$4,006$2,730$1,814$1,181$757$389
35 years$3,849$2,589$1,696$1,087$686$344
36 years$3,701$2,457$1,587$1,002$621$304
37 years$3,561$2,334$1,485$923$563$269
38 years$3,429$2,218$1,391$851$510$238
39 years$3,304$2,109$1,303$784$463$210
40 years$3,185$2,007$1,221$723$420$186
41 years$3,073$1,910$1,145$667$381$165
42 years$2,966$1,819$1,074$616$346$146
43 years$2,865$1,733$1,008$569$314$129
44 years$2,768$1,652$946$525$285$114
45 years$2,676$1,576$889$485$258$101
46 years$2,589$1,503$835$448$235$90
47 years$2,505$1,434$784$414$213$79
48 years$2,425$1,369$737$382$194$70
49 years$2,348$1,308$692$353$176$62
50 years$2,275$1,249$651$327$160$55

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 $5,324 every year, while hoping to spend $49,144 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: 41/39/20 Blend
39$2,330,000$2,330,000$2,330,000$2,330,000
40$2,573,152$2,449,662$2,413,547$2,663,291
41$2,783,324$2,517,406$2,442,112$2,795,778
42$3,013,287$2,586,823$2,469,986$2,933,953
43$3,265,008$2,657,943$2,497,096$3,082,499
44$3,540,651$2,730,794$2,523,361$3,242,392
45$3,842,603$2,805,408$2,548,699$3,414,705
46$4,173,488$2,881,814$2,573,021$3,600,617
47$4,536,201$2,960,039$2,596,234$3,801,429
48$4,933,926$3,040,114$2,618,240$4,018,572
49$5,370,173$3,122,066$2,638,938$4,253,621
50$5,848,806$3,205,923$2,658,218$4,508,311
51$6,374,083$3,291,711$2,675,966$4,784,554
52$6,950,691$3,379,457$2,692,063$5,084,454
53$7,583,797$3,469,186$2,706,382$5,410,330
54$8,279,090$3,560,921$2,718,792$5,764,734
55$9,042,838$3,654,687$2,729,152$6,150,479
56$9,881,945$3,750,505$2,737,316$6,570,664
57$10,804,018$3,848,394$2,743,132$7,028,702
58$11,817,438$3,948,375$2,746,436$7,528,354
59$12,931,436$4,050,465$2,747,061$8,073,765
60$14,156,183$4,154,678$2,744,828$8,669,498
61$15,502,885$4,261,029$2,739,551$9,320,584
62$16,983,888$4,369,528$2,731,035$10,032,566
63$18,612,795$4,480,185$2,719,074$10,811,550
64$20,404,591$4,593,005$2,703,454$11,664,267
65$22,375,788$4,707,992$2,683,950$12,598,132
66$24,544,581$4,825,146$2,660,324$13,621,316
67$26,931,014$4,944,464$2,632,331$14,742,824
68$29,557,175$5,065,939$2,599,711$15,972,579
69$32,447,398$5,189,562$2,562,193$17,321,518
70$35,628,499$5,315,317$2,519,493$18,801,690
71$39,130,024$5,443,185$2,471,314$20,426,376
72$42,984,527$5,573,142$2,417,344$22,210,211
73$47,227,882$5,705,160$2,357,258$24,169,325
74$51,899,616$5,839,202$2,290,716$26,321,492
75$57,043,283$5,975,229$2,217,361$28,686,302
76$62,706,876$6,113,194$2,136,821$31,285,341
77$68,943,279$6,253,042$2,048,706$34,142,402
78$75,810,764$6,394,711$1,952,608$37,283,705
79$83,373,544$6,538,134$1,848,102$40,738,145
80$91,702,375$6,683,232$1,734,743$44,537,569
81$100,875,225$6,829,919$1,612,066$48,717,073
82$110,978,012$6,978,098$1,479,583$53,315,337
83$122,105,408$7,127,664$1,336,788$58,374,988
84$134,361,740$7,278,500$1,183,151$63,943,005
85$147,861,966$7,430,476$1,018,116$70,071,162
86$162,732,769$7,583,451$841,105$76,816,520
87$179,113,744$7,737,273$651,514$84,241,963
88$197,158,719$7,891,772$448,712$92,416,795
89$217,037,205$8,046,765$232,041$101,417,395
90$238,935,998$8,202,055$812$111,327,937
91$263,060,939$8,357,425$0$122,241,188
92$289,638,858$8,512,643$0$134,311,871
93$318,919,716$8,667,456$0$147,603,770
94$351,178,957$8,821,592$0$162,241,050
95$386,720,119$8,974,758$0$178,360,734
96$425,877,688$9,126,637$0$196,113,820
97$469,020,260$9,276,891$0$215,666,706
98$516,554,021$9,425,153$0$237,202,764
99$568,926,576$9,571,031$0$260,924,070
100$626,631,180$9,714,104$0$287,053,313