Can I retire at age 40 with 2,340,000?

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 $2,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$193,235$191,514$189,834$188,195$186,595$184,493
2 years$95,661$93,879$92,153$90,479$88,855$86,738
3 years$63,140$61,351$59,629$57,970$56,373$54,308
4 years$46,883$45,100$43,395$41,764$40,206$38,209
5 years$37,132$35,359$33,676$32,079$30,564$28,640
6 years$30,633$28,873$27,215$25,654$24,184$22,336
7 years$25,992$24,247$22,616$21,092$19,668$17,896
8 years$22,514$20,785$19,180$17,693$16,317$14,621
9 years$19,810$18,097$16,520$15,071$13,741$12,121
10 years$17,647$15,951$14,402$12,991$11,708$10,163
11 years$15,880$14,201$12,680$11,306$10,069$8,597
12 years$14,408$12,746$11,253$9,917$8,726$7,326
13 years$13,163$11,518$10,054$8,755$7,609$6,279
14 years$12,097$10,470$9,033$7,772$6,670$5,408
15 years$11,174$9,564$8,156$6,931$5,873$4,677
16 years$10,367$8,775$7,394$6,206$5,190$4,059
17 years$9,656$8,082$6,729$5,576$4,602$3,532
18 years$9,024$7,468$6,142$5,025$4,092$3,082
19 years$8,460$6,921$5,623$4,541$3,647$2,695
20 years$7,953$6,431$5,161$4,112$3,258$2,360
21 years$7,495$5,991$4,747$3,732$2,915$2,071
22 years$7,078$5,592$4,375$3,394$2,613$1,819
23 years$6,699$5,230$4,039$3,091$2,346$1,600
24 years$6,352$4,900$3,736$2,819$2,108$1,409
25 years$6,033$4,599$3,460$2,574$1,897$1,242
26 years$5,739$4,322$3,209$2,354$1,709$1,095
27 years$5,467$4,067$2,980$2,154$1,541$967
28 years$5,215$3,833$2,770$1,974$1,390$854
29 years$4,981$3,616$2,578$1,810$1,255$755
30 years$4,763$3,415$2,401$1,661$1,134$667
31 years$4,560$3,228$2,239$1,526$1,026$590
32 years$4,369$3,054$2,089$1,402$928$522
33 years$4,191$2,893$1,950$1,289$840$462
34 years$4,023$2,741$1,822$1,186$760$409
35 years$3,865$2,600$1,704$1,092$688$362
36 years$3,716$2,468$1,594$1,006$624$321
37 years$3,576$2,344$1,492$927$565$284
38 years$3,444$2,228$1,397$854$513$252
39 years$3,318$2,118$1,309$788$465$223
40 years$3,199$2,015$1,227$726$422$198
41 years$3,086$1,918$1,150$670$382$175
42 years$2,979$1,827$1,079$619$347$156
43 years$2,877$1,741$1,012$571$315$138
44 years$2,780$1,659$950$527$286$122
45 years$2,688$1,582$892$487$260$108
46 years$2,600$1,510$838$450$236$96
47 years$2,516$1,441$787$416$214$85
48 years$2,435$1,375$740$384$194$76
49 years$2,358$1,313$695$355$177$67
50 years$2,285$1,254$654$328$160$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,340,000, adding $4,198 every year, while hoping to spend $37,479 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: 26/49/25 Blend
39$2,340,000$2,340,000$2,340,000$2,340,000
40$2,583,010$2,458,990$2,422,720$2,629,745
41$2,806,600$2,539,603$2,464,004$2,748,515
42$3,051,740$2,622,910$2,505,415$2,872,346
43$3,320,588$2,709,004$2,546,917$3,004,429
44$3,615,522$2,797,979$2,588,473$3,145,483
45$3,939,161$2,889,936$2,630,042$3,296,301
46$4,294,389$2,984,976$2,671,582$3,457,749
47$4,684,383$3,083,207$2,713,047$3,630,782
48$5,112,644$3,184,738$2,754,388$3,816,445
49$5,583,027$3,289,683$2,795,553$4,015,890
50$6,099,779$3,398,161$2,836,487$4,230,380
51$6,667,579$3,510,293$2,877,132$4,461,303
52$7,291,582$3,626,207$2,917,425$4,710,184
53$7,977,466$3,746,034$2,957,302$4,978,703
54$8,731,488$3,869,910$2,996,692$5,268,704
55$9,560,540$3,997,976$3,035,522$5,582,215
56$10,472,216$4,130,378$3,073,713$5,921,466
57$11,474,883$4,267,268$3,111,183$6,288,912
58$12,577,759$4,408,802$3,147,846$6,687,252
59$13,791,000$4,555,143$3,183,608$7,119,456
60$15,125,797$4,706,459$3,218,374$7,588,792
61$16,594,478$4,862,926$3,252,039$8,098,856
62$18,210,629$5,024,723$3,284,497$8,653,605
63$19,989,218$5,192,040$3,315,632$9,257,395
64$21,946,738$5,365,069$3,345,326$9,915,021
65$24,101,362$5,544,014$3,373,451$10,631,761
66$26,473,113$5,729,083$3,399,873$11,413,425
67$29,084,055$5,920,493$3,424,454$12,266,410
68$31,958,499$6,118,468$3,447,044$13,197,760
69$35,123,235$6,323,242$3,467,489$14,215,229
70$38,607,781$6,535,056$3,485,625$15,327,358
71$42,444,662$6,754,162$3,501,282$16,543,551
72$46,669,721$6,980,819$3,514,277$17,874,164
73$51,322,450$7,215,296$3,524,423$19,330,603
74$56,446,368$7,457,874$3,531,520$20,925,429
75$62,089,431$7,708,843$3,535,359$22,672,477
76$68,304,480$7,968,504$3,535,721$24,586,987
77$75,149,745$8,237,168$3,532,375$26,685,743
78$82,689,390$8,515,161$3,525,081$28,987,235
79$90,994,123$8,802,818$3,513,586$31,511,829
80$100,141,855$9,100,489$3,497,623$34,281,959
81$110,218,446$9,408,534$3,476,915$37,322,340
82$121,318,506$9,727,331$3,451,171$40,660,198
83$133,546,293$10,057,269$3,420,083$44,325,526
84$147,016,692$10,398,753$3,383,334$48,351,368
85$161,856,305$10,752,202$3,340,586$52,774,127
86$178,204,643$11,118,054$3,291,490$57,633,908
87$196,215,439$11,496,761$3,235,677$62,974,899
88$216,058,104$11,888,794$3,172,763$68,845,781
89$237,919,326$12,294,639$3,102,346$75,300,190
90$262,004,825$12,714,805$3,024,003$82,397,223
91$288,541,304$13,149,817$2,937,294$90,201,990
92$317,778,582$13,600,223$2,841,757$98,786,233
93$349,991,953$14,066,589$2,736,912$108,228,995
94$385,484,786$14,549,506$2,622,253$118,617,372
95$424,591,389$15,049,586$2,497,252$130,047,328
96$467,680,160$15,567,466$2,361,360$142,624,601
97$515,157,070$16,103,805$2,213,999$156,465,703
98$567,469,491$16,659,292$2,054,568$171,699,010
99$625,110,421$17,234,639$1,882,438$188,465,983
100$688,623,135$17,830,588$1,696,951$206,922,491