Can I retire at age 40 with 2,350,000?

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 $2,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$194,061$192,332$190,646$189,000$187,392$181,904
2 years$96,070$94,280$92,546$90,865$89,234$83,750
3 years$63,410$61,613$59,884$58,218$56,614$51,304
4 years$47,084$45,292$43,580$41,943$40,378$35,284
5 years$37,290$35,510$33,820$32,216$30,694$25,831
6 years$30,764$28,996$27,331$25,764$24,287$19,658
7 years$26,103$24,351$22,713$21,182$19,752$15,357
8 years$22,610$20,873$19,262$17,769$16,386$12,223
9 years$19,894$18,174$16,590$15,135$13,800$9,864
10 years$17,723$16,020$14,464$13,047$11,758$8,044
11 years$15,948$14,261$12,734$11,354$10,112$6,614
12 years$14,469$12,800$11,301$9,959$8,763$5,473
13 years$13,219$11,568$10,097$8,793$7,642$4,553
14 years$12,149$10,515$9,072$7,805$6,699$3,804
15 years$11,222$9,605$8,191$6,961$5,898$3,189
16 years$10,411$8,813$7,426$6,233$5,213$2,681
17 years$9,697$8,116$6,757$5,600$4,622$2,259
18 years$9,063$7,500$6,169$5,047$4,110$1,907
19 years$8,496$6,951$5,647$4,560$3,663$1,613
20 years$7,987$6,459$5,183$4,130$3,272$1,366
21 years$7,527$6,016$4,767$3,748$2,928$1,158
22 years$7,109$5,616$4,394$3,408$2,624$983
23 years$6,728$5,252$4,057$3,104$2,356$835
24 years$6,379$4,921$3,752$2,831$2,117$709
25 years$6,059$4,618$3,475$2,585$1,905$603
26 years$5,763$4,340$3,223$2,364$1,716$513
27 years$5,491$4,085$2,993$2,164$1,547$437
28 years$5,238$3,849$2,782$1,982$1,396$372
29 years$5,003$3,631$2,589$1,818$1,261$317
30 years$4,784$3,429$2,411$1,668$1,139$270
31 years$4,579$3,242$2,248$1,532$1,030$230
32 years$4,388$3,067$2,098$1,408$932$196
33 years$4,209$2,905$1,958$1,295$843$167
34 years$4,040$2,753$1,830$1,191$763$142
35 years$3,882$2,611$1,711$1,097$691$122
36 years$3,732$2,479$1,600$1,010$626$104
37 years$3,591$2,354$1,498$931$568$88
38 years$3,458$2,237$1,403$858$515$75
39 years$3,332$2,127$1,314$791$467$64
40 years$3,213$2,024$1,232$730$423$55
41 years$3,100$1,927$1,155$673$384$47
42 years$2,992$1,835$1,084$621$349$40
43 years$2,890$1,748$1,017$573$316$34
44 years$2,792$1,666$954$529$287$29
45 years$2,699$1,589$896$489$261$25
46 years$2,611$1,516$842$452$237$21
47 years$2,526$1,447$791$417$215$18
48 years$2,446$1,381$743$386$195$15
49 years$2,368$1,319$698$356$177$13
50 years$2,294$1,260$657$329$161$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,350,000, adding $6,948 every year, while hoping to spend $45,815 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: 28/42/30 Blend
39$2,350,000$2,350,000$2,350,000$2,350,000
40$2,596,867$2,472,317$2,435,892$2,645,367
41$2,813,000$2,544,714$2,468,747$2,757,450
42$3,049,644$2,619,122$2,501,168$2,873,394
43$3,308,842$2,695,593$2,533,091$2,997,055
44$3,592,844$2,774,177$2,564,450$3,129,129
45$3,904,128$2,854,926$2,595,173$3,270,381
46$4,245,426$2,937,894$2,625,188$3,421,655
47$4,619,743$3,023,134$2,654,415$3,583,877
48$5,030,390$3,110,702$2,682,772$3,758,068
49$5,481,016$3,200,652$2,710,171$3,945,352
50$5,975,637$3,293,042$2,736,519$4,146,963
51$6,518,680$3,387,929$2,761,721$4,364,264
52$7,115,020$3,485,372$2,785,673$4,598,752
53$7,770,026$3,585,429$2,808,267$4,852,077
54$8,489,615$3,688,162$2,829,390$5,126,057
55$9,280,305$3,793,630$2,848,923$5,422,691
56$10,149,274$3,901,896$2,866,740$5,744,185
57$11,104,433$4,013,022$2,882,709$6,092,964
58$12,154,496$4,127,071$2,896,691$6,471,703
59$13,309,063$4,244,107$2,908,539$6,883,348
60$14,578,714$4,364,194$2,918,101$7,331,143
61$15,975,100$4,487,397$2,925,215$7,818,662
62$17,511,063$4,613,782$2,929,712$8,349,845
63$19,200,749$4,743,414$2,931,415$8,929,030
64$21,059,744$4,876,361$2,930,137$9,560,999
65$23,105,224$5,012,688$2,925,682$10,251,020
66$25,356,110$5,152,464$2,917,846$11,004,897
67$27,833,253$5,295,753$2,906,413$11,829,027
68$30,559,624$5,442,625$2,891,158$12,730,459
69$33,560,539$5,593,147$2,871,844$13,716,959
70$36,863,887$5,747,384$2,848,224$14,797,088
71$40,500,402$5,905,404$2,820,038$15,980,276
72$44,503,948$6,067,274$2,787,015$17,276,918
73$48,911,840$6,233,060$2,748,869$18,698,470
74$53,765,194$6,402,827$2,705,302$20,257,554
75$59,109,318$6,576,639$2,656,004$21,968,083
76$64,994,134$6,754,560$2,600,645$23,845,387
77$71,474,655$6,936,652$2,538,886$25,906,364
78$78,611,499$7,122,978$2,470,369$28,169,633
79$86,471,464$7,313,596$2,394,718$30,655,717
80$95,128,155$7,508,564$2,311,543$33,387,232
81$104,662,682$7,707,939$2,220,435$36,389,103
82$115,164,422$7,911,774$2,120,966$39,688,799
83$126,731,863$8,120,121$2,012,688$43,316,595
84$139,473,533$8,333,027$1,895,133$47,305,854
85$153,509,028$8,550,539$1,767,814$51,693,347
86$168,970,132$8,772,699$1,630,219$56,519,599
87$186,002,069$8,999,545$1,481,815$61,829,271
88$204,764,869$9,231,112$1,322,045$67,671,586
89$225,434,878$9,467,428$1,150,326$74,100,789
90$248,206,423$9,708,520$966,050$81,176,666
91$273,293,648$9,954,407$768,582$88,965,103
92$300,932,530$10,205,103$557,259$97,538,716
93$331,383,110$10,460,615$331,389$106,977,532
94$364,931,946$10,720,944$90,250$117,369,747
95$401,894,818$10,986,084$0$128,812,563
96$442,619,707$11,256,020$0$141,466,588
97$487,490,081$11,530,729$0$155,430,701
98$536,928,512$11,810,178$0$170,806,355
99$591,400,669$12,094,324$0$187,737,217
100$651,419,707$12,383,116$0$206,381,599