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%17.7%
1 years$192,409$190,695$189,023$187,391$185,797$179,994
2 years$95,252$93,478$91,759$90,092$88,475$82,680
3 years$62,871$61,089$59,374$57,723$56,132$50,527
4 years$46,683$44,907$43,209$41,586$40,034$34,662
5 years$36,973$35,208$33,532$31,942$30,433$25,309
6 years$30,502$28,750$27,099$25,544$24,081$19,208
7 years$25,881$24,144$22,519$21,001$19,584$14,963
8 years$22,418$20,696$19,098$17,618$16,247$11,874
9 years$19,725$18,019$16,449$15,006$13,682$9,553
10 years$17,572$15,883$14,341$12,936$11,658$7,766
11 years$15,812$14,140$12,625$11,258$10,026$6,365
12 years$14,346$12,691$11,205$9,875$8,689$5,250
13 years$13,107$11,469$10,011$8,718$7,577$4,353
14 years$12,045$10,425$8,995$7,739$6,642$3,624
15 years$11,126$9,524$8,121$6,902$5,848$3,027
16 years$10,323$8,738$7,363$6,180$5,168$2,536
17 years$9,615$8,047$6,700$5,552$4,583$2,129
18 years$8,986$7,436$6,116$5,004$4,075$1,791
19 years$8,424$6,891$5,599$4,521$3,632$1,509
20 years$7,919$6,404$5,139$4,095$3,244$1,273
21 years$7,463$5,965$4,726$3,716$2,903$1,075
22 years$7,048$5,568$4,356$3,379$2,602$909
23 years$6,670$5,208$4,022$3,077$2,336$769
24 years$6,325$4,879$3,720$2,807$2,099$651
25 years$6,007$4,579$3,445$2,563$1,889$551
26 years$5,714$4,303$3,195$2,344$1,702$467
27 years$5,444$4,050$2,967$2,145$1,534$396
28 years$5,193$3,816$2,758$1,966$1,384$336
29 years$4,960$3,600$2,567$1,802$1,250$285
30 years$4,743$3,400$2,391$1,654$1,130$242
31 years$4,540$3,214$2,229$1,519$1,021$205
32 years$4,350$3,041$2,080$1,396$924$174
33 years$4,173$2,880$1,942$1,284$836$148
34 years$4,006$2,730$1,814$1,181$757$125
35 years$3,849$2,589$1,696$1,087$686$107
36 years$3,701$2,457$1,587$1,002$621$90
37 years$3,561$2,334$1,485$923$563$77
38 years$3,429$2,218$1,391$851$510$65
39 years$3,304$2,109$1,303$784$463$55
40 years$3,185$2,007$1,221$723$420$47
41 years$3,073$1,910$1,145$667$381$40
42 years$2,966$1,819$1,074$616$346$34
43 years$2,865$1,733$1,008$569$314$29
44 years$2,768$1,652$946$525$285$25
45 years$2,676$1,576$889$485$258$21
46 years$2,589$1,503$835$448$235$18
47 years$2,505$1,434$784$414$213$15
48 years$2,425$1,369$737$382$194$13
49 years$2,348$1,308$692$353$176$11
50 years$2,275$1,249$651$327$160$9

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 $2,477 every year, while hoping to spend $44,909 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: 24/48/28 Blend
39$2,330,000$2,330,000$2,330,000$2,330,000
40$2,570,215$2,446,725$2,410,610$2,609,181
41$2,784,594$2,518,832$2,443,583$2,714,617
42$3,019,335$2,592,966$2,476,155$2,823,542
43$3,276,466$2,669,181$2,508,265$2,939,305
44$3,558,224$2,747,529$2,539,850$3,062,506
45$3,867,069$2,828,064$2,570,841$3,193,803
46$4,205,712$2,910,841$2,601,166$3,333,921
47$4,577,139$2,995,917$2,630,750$3,483,655
48$4,984,638$3,083,348$2,659,512$3,643,881
49$5,431,833$3,173,194$2,687,366$3,815,562
50$5,922,712$3,265,513$2,714,226$3,999,757
51$6,461,671$3,360,365$2,739,995$4,197,632
52$7,053,552$3,457,813$2,764,575$4,410,471
53$7,703,687$3,557,919$2,787,861$4,639,684
54$8,417,952$3,660,746$2,809,743$4,886,826
55$9,202,820$3,766,359$2,830,106$5,153,608
56$10,065,421$3,874,824$2,848,828$5,441,914
57$11,013,610$3,986,207$2,865,780$5,753,817
58$12,056,042$4,100,575$2,880,828$6,091,603
59$13,202,253$4,217,997$2,893,829$6,457,785
60$14,462,746$4,338,542$2,904,636$6,855,136
61$15,849,096$4,462,281$2,913,091$7,286,705
62$17,374,055$4,589,284$2,919,031$7,755,855
63$19,051,674$4,719,624$2,922,283$8,266,286
64$20,897,431$4,853,372$2,922,667$8,822,079
65$22,928,384$4,990,602$2,919,991$9,427,725
66$25,163,325$5,131,388$2,914,057$10,088,176
67$27,622,963$5,275,804$2,904,656$10,808,885
68$30,330,112$5,423,926$2,891,569$11,595,860
69$33,309,913$5,575,828$2,874,567$12,455,723
70$36,590,067$5,731,586$2,853,407$13,395,768
71$40,201,097$5,891,277$2,827,840$14,424,034
72$44,176,636$6,054,976$2,797,599$15,549,378
73$48,553,742$6,222,760$2,762,408$16,781,560
74$53,373,253$6,394,704$2,721,978$18,131,335
75$58,680,165$6,570,885$2,676,005$19,610,555
76$64,524,062$6,751,378$2,624,171$21,232,279
77$70,959,580$6,936,259$2,566,144$23,010,900
78$78,046,924$7,125,602$2,501,576$24,962,277
79$85,852,434$7,319,482$2,430,103$27,103,890
80$94,449,216$7,517,970$2,351,345$29,454,999
81$103,917,824$7,721,138$2,264,904$32,036,831
82$114,347,027$7,929,058$2,170,362$34,872,779
83$125,834,639$8,141,798$2,067,285$37,988,621
84$138,488,451$8,359,425$1,955,218$41,412,768
85$152,427,240$8,582,003$1,833,684$45,176,530
86$167,781,894$8,809,597$1,702,188$49,314,413
87$184,696,646$9,042,266$1,560,210$53,864,443
88$203,330,434$9,280,067$1,407,207$58,868,528
89$223,858,402$9,523,054$1,242,612$64,372,855
90$246,473,553$9,771,278$1,065,834$70,428,322
91$271,388,569$10,024,785$876,254$77,091,026
92$298,837,821$10,283,617$673,226$84,422,786
93$329,079,577$10,547,812$456,077$92,491,735
94$362,398,441$10,817,402$224,103$101,372,956
95$399,108,041$11,092,413$0$111,149,201
96$439,553,986$11,372,867$0$121,918,671
97$484,117,131$11,658,775$0$133,846,769
98$533,217,168$11,950,146$0$146,977,475
99$587,316,593$12,246,976$0$161,433,105
100$646,925,063$12,549,256$0$177,348,447