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%13.6%
1 years$192,409$190,695$189,023$187,391$185,797$183,021
2 years$95,252$93,478$91,759$90,092$88,475$85,684
3 years$62,871$61,089$59,374$57,723$56,132$53,413
4 years$46,683$44,907$43,209$41,586$40,034$37,408
5 years$36,973$35,208$33,532$31,942$30,433$27,909
6 years$30,502$28,750$27,099$25,544$24,081$21,660
7 years$25,881$24,144$22,519$21,001$19,584$17,268
8 years$22,418$20,696$19,098$17,618$16,247$14,035
9 years$19,725$18,019$16,449$15,006$13,682$11,573
10 years$17,572$15,883$14,341$12,936$11,658$9,651
11 years$15,812$14,140$12,625$11,258$10,026$8,118
12 years$14,346$12,691$11,205$9,875$8,689$6,878
13 years$13,107$11,469$10,011$8,718$7,577$5,861
14 years$12,045$10,425$8,995$7,739$6,642$5,018
15 years$11,126$9,524$8,121$6,902$5,848$4,313
16 years$10,323$8,738$7,363$6,180$5,168$3,719
17 years$9,615$8,047$6,700$5,552$4,583$3,217
18 years$8,986$7,436$6,116$5,004$4,075$2,788
19 years$8,424$6,891$5,599$4,521$3,632$2,422
20 years$7,919$6,404$5,139$4,095$3,244$2,108
21 years$7,463$5,965$4,726$3,716$2,903$1,837
22 years$7,048$5,568$4,356$3,379$2,602$1,603
23 years$6,670$5,208$4,022$3,077$2,336$1,400
24 years$6,325$4,879$3,720$2,807$2,099$1,224
25 years$6,007$4,579$3,445$2,563$1,889$1,071
26 years$5,714$4,303$3,195$2,344$1,702$938
27 years$5,444$4,050$2,967$2,145$1,534$822
28 years$5,193$3,816$2,758$1,966$1,384$721
29 years$4,960$3,600$2,567$1,802$1,250$632
30 years$4,743$3,400$2,391$1,654$1,130$555
31 years$4,540$3,214$2,229$1,519$1,021$487
32 years$4,350$3,041$2,080$1,396$924$428
33 years$4,173$2,880$1,942$1,284$836$376
34 years$4,006$2,730$1,814$1,181$757$330
35 years$3,849$2,589$1,696$1,087$686$290
36 years$3,701$2,457$1,587$1,002$621$255
37 years$3,561$2,334$1,485$923$563$224
38 years$3,429$2,218$1,391$851$510$197
39 years$3,304$2,109$1,303$784$463$174
40 years$3,185$2,007$1,221$723$420$153
41 years$3,073$1,910$1,145$667$381$134
42 years$2,966$1,819$1,074$616$346$118
43 years$2,865$1,733$1,008$569$314$104
44 years$2,768$1,652$946$525$285$91
45 years$2,676$1,576$889$485$258$80
46 years$2,589$1,503$835$448$235$71
47 years$2,505$1,434$784$414$213$62
48 years$2,425$1,369$737$382$194$55
49 years$2,348$1,308$692$353$176$48
50 years$2,275$1,249$651$327$160$42

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 $2,558 every year, while hoping to spend $28,377 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: 67/17/16 Blend
39$2,330,000$2,330,000$2,330,000$2,330,000
40$2,570,299$2,446,809$2,410,694$2,732,509
41$2,802,276$2,536,509$2,461,259$2,930,839
42$3,056,964$2,629,654$2,512,567$3,144,058
43$3,336,650$2,726,382$2,564,613$3,376,497
44$3,643,851$2,826,838$2,617,391$3,630,041
45$3,981,343$2,931,172$2,670,892$3,906,763
46$4,352,182$3,039,542$2,725,110$4,208,948
47$4,759,737$3,152,112$2,780,033$4,539,110
48$5,207,717$3,269,052$2,835,650$4,900,016
49$5,700,208$3,390,540$2,891,949$5,294,714
50$6,241,715$3,516,762$2,948,915$5,726,559
51$6,837,199$3,647,912$3,006,533$6,199,247
52$7,492,124$3,784,191$3,064,783$6,716,846
53$8,212,515$3,925,810$3,123,647$7,283,838
54$9,005,005$4,072,989$3,183,103$7,905,156
55$9,876,906$4,225,956$3,243,127$8,586,237
56$10,836,273$4,384,950$3,303,695$9,333,065
57$11,891,981$4,550,220$3,364,776$10,152,233
58$13,053,809$4,722,027$3,426,342$11,051,004
59$14,332,532$4,900,641$3,488,359$12,037,376
60$15,740,022$5,086,344$3,550,791$13,120,159
61$17,289,362$5,279,433$3,613,600$14,309,059
62$18,994,966$5,480,214$3,676,745$15,614,767
63$20,872,718$5,689,010$3,740,181$17,049,060
64$22,940,119$5,906,155$3,803,861$18,624,913
65$25,216,453$6,131,999$3,867,733$20,356,617
66$27,722,972$6,366,907$3,931,742$22,259,921
67$30,483,091$6,611,261$3,995,831$24,352,169
68$33,522,611$6,865,458$4,059,936$26,652,475
69$36,869,965$7,129,914$4,123,992$29,181,893
70$40,556,483$7,405,061$4,187,927$31,963,622
71$44,616,688$7,691,352$4,251,667$35,023,220
72$49,088,622$7,989,261$4,315,129$38,388,846
73$54,014,206$8,299,279$4,378,231$42,091,525
74$59,439,634$8,621,922$4,440,880$46,165,443
75$65,415,808$8,957,728$4,502,982$50,648,262
76$71,998,823$9,307,259$4,564,433$55,581,482
77$79,250,489$9,671,101$4,625,128$61,010,829
78$87,238,920$10,049,866$4,684,951$66,986,682
79$96,039,174$10,444,194$4,743,781$73,564,557
80$105,733,964$10,854,754$4,801,492$80,805,620
81$116,414,435$11,282,243$4,857,949$88,777,270
82$128,181,025$11,727,391$4,913,008$97,553,772
83$141,144,416$12,190,959$4,966,520$107,216,957
84$155,426,573$12,673,743$5,018,325$117,856,993
85$171,161,902$13,176,574$5,068,257$129,573,239
86$188,498,511$13,700,322$5,116,139$142,475,174
87$207,599,615$14,245,893$5,161,785$156,683,437
88$228,645,070$14,814,236$5,204,999$172,330,962
89$251,833,075$15,406,342$5,245,575$189,564,229
90$277,382,043$16,023,247$5,283,296$208,544,650
91$305,532,659$16,666,033$5,317,934$229,450,088
92$336,550,153$17,335,832$5,349,247$252,476,535
93$370,726,806$18,033,825$5,376,985$277,839,965
94$408,384,707$18,761,249$5,400,880$305,778,363
95$449,878,792$19,519,396$5,420,655$336,553,980
96$495,600,197$20,309,615$5,436,015$370,455,799
97$545,979,950$21,133,318$5,446,654$407,802,265
98$601,493,036$21,991,982$5,452,248$448,944,291
99$662,662,886$22,887,149$5,452,459$494,268,564
100$730,066,313$23,820,432$5,446,929$544,201,200