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%13%
1 years$194,061$192,332$190,646$189,000$187,392$185,051
2 years$96,070$94,280$92,546$90,865$89,234$86,878
3 years$63,410$61,613$59,884$58,218$56,614$54,316
4 years$47,084$45,292$43,580$41,943$40,378$38,156
5 years$37,290$35,510$33,820$32,216$30,694$28,556
6 years$30,764$28,996$27,331$25,764$24,287$22,234
7 years$26,103$24,351$22,713$21,182$19,752$17,785
8 years$22,610$20,873$19,262$17,769$16,386$14,506
9 years$19,894$18,174$16,590$15,135$13,800$12,004
10 years$17,723$16,020$14,464$13,047$11,758$10,046
11 years$15,948$14,261$12,734$11,354$10,112$8,483
12 years$14,469$12,800$11,301$9,959$8,763$7,214
13 years$13,219$11,568$10,097$8,793$7,642$6,172
14 years$12,149$10,515$9,072$7,805$6,699$5,305
15 years$11,222$9,605$8,191$6,961$5,898$4,578
16 years$10,411$8,813$7,426$6,233$5,213$3,965
17 years$9,697$8,116$6,757$5,600$4,622$3,444
18 years$9,063$7,500$6,169$5,047$4,110$2,998
19 years$8,496$6,951$5,647$4,560$3,663$2,616
20 years$7,987$6,459$5,183$4,130$3,272$2,286
21 years$7,527$6,016$4,767$3,748$2,928$2,001
22 years$7,109$5,616$4,394$3,408$2,624$1,754
23 years$6,728$5,252$4,057$3,104$2,356$1,539
24 years$6,379$4,921$3,752$2,831$2,117$1,352
25 years$6,059$4,618$3,475$2,585$1,905$1,189
26 years$5,763$4,340$3,223$2,364$1,716$1,046
27 years$5,491$4,085$2,993$2,164$1,547$921
28 years$5,238$3,849$2,782$1,982$1,396$812
29 years$5,003$3,631$2,589$1,818$1,261$716
30 years$4,784$3,429$2,411$1,668$1,139$631
31 years$4,579$3,242$2,248$1,532$1,030$557
32 years$4,388$3,067$2,098$1,408$932$491
33 years$4,209$2,905$1,958$1,295$843$434
34 years$4,040$2,753$1,830$1,191$763$383
35 years$3,882$2,611$1,711$1,097$691$338
36 years$3,732$2,479$1,600$1,010$626$299
37 years$3,591$2,354$1,498$931$568$264
38 years$3,458$2,237$1,403$858$515$234
39 years$3,332$2,127$1,314$791$467$206
40 years$3,213$2,024$1,232$730$423$183
41 years$3,100$1,927$1,155$673$384$161
42 years$2,992$1,835$1,084$621$349$143
43 years$2,890$1,748$1,017$573$316$126
44 years$2,792$1,666$954$529$287$112
45 years$2,699$1,589$896$489$261$99
46 years$2,611$1,516$842$452$237$87
47 years$2,526$1,447$791$417$215$77
48 years$2,446$1,381$743$386$195$68
49 years$2,368$1,319$698$356$177$60
50 years$2,294$1,260$657$329$161$53

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 $3,346 every year, while hoping to spend $30,259 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: 80/10/10 Blend
39$2,350,000$2,350,000$2,350,000$2,350,000
40$2,593,151$2,468,601$2,432,176$2,796,134
41$2,825,458$2,557,368$2,481,459$3,018,543
42$3,080,445$2,649,469$2,531,378$3,258,251
43$3,360,394$2,745,037$2,581,924$3,520,398
44$3,667,820$2,844,210$2,633,084$3,807,212
45$4,005,490$2,947,128$2,684,844$4,121,147
46$4,376,454$3,053,942$2,737,191$4,464,907
47$4,784,072$3,164,805$2,790,107$4,841,468
48$5,232,046$3,279,879$2,843,574$5,254,109
49$5,724,453$3,399,331$2,897,572$5,706,439
50$6,265,786$3,523,337$2,952,079$6,202,436
51$6,860,994$3,652,078$3,007,071$6,746,481
52$7,515,530$3,785,745$3,062,523$7,343,397
53$8,235,403$3,924,535$3,118,406$7,998,499
54$9,027,231$4,068,654$3,174,690$8,717,642
55$9,898,308$4,218,318$3,231,341$9,507,275
56$10,856,669$4,373,749$3,288,325$10,374,501
57$11,911,169$4,535,182$3,345,603$11,327,146
58$13,071,561$4,702,859$3,403,134$12,373,833
59$14,348,595$4,877,033$3,460,874$13,524,059
60$15,754,114$5,057,971$3,518,775$14,788,288
61$17,301,168$5,245,946$3,576,789$16,178,050
62$19,004,136$5,441,245$3,634,860$17,706,044
63$20,878,861$5,644,170$3,692,931$19,386,265
64$22,942,802$5,855,031$3,750,941$21,234,130
65$25,215,195$6,074,155$3,808,825$23,266,626
66$27,717,237$6,301,881$3,866,513$25,502,469
67$30,472,286$6,538,564$3,923,932$27,962,280
68$33,506,078$6,784,572$3,981,002$30,668,780
69$36,846,974$7,040,292$4,037,642$33,647,003
70$40,526,225$7,306,126$4,093,762$36,924,533
71$44,578,266$7,582,492$4,149,269$40,531,764
72$49,041,044$7,869,829$4,204,065$44,502,185
73$53,956,372$8,168,593$4,258,043$48,872,696
74$59,370,329$8,479,260$4,311,094$53,683,958
75$65,333,686$8,802,328$4,363,099$58,980,772
76$71,902,395$9,138,315$4,413,936$64,812,506
77$79,138,110$9,487,763$4,463,473$71,233,559
78$87,108,769$9,851,236$4,511,572$78,303,870
79$95,889,242$10,229,324$4,558,088$86,089,490
80$105,562,027$10,622,643$4,602,866$94,663,201
81$116,218,036$11,031,835$4,645,745$104,105,200
82$127,957,452$11,457,572$4,686,553$114,503,861
83$140,890,672$11,900,552$4,725,112$125,956,566
84$155,139,349$12,361,508$4,761,232$138,570,622
85$170,837,542$12,841,201$4,794,713$152,464,276
86$188,132,982$13,340,431$4,825,347$167,767,827
87$207,188,462$13,860,028$4,852,911$184,624,861
88$228,183,377$14,400,861$4,877,176$203,193,599
89$251,315,417$14,963,839$4,897,897$223,648,394
90$276,802,431$15,549,908$4,914,818$246,181,377
91$304,884,485$16,160,060$4,927,670$271,004,265
92$335,826,127$16,795,327$4,936,172$298,350,365
93$369,918,884$17,456,791$4,940,026$328,476,769
94$407,484,015$18,145,578$4,938,922$361,666,785
95$448,875,542$18,862,869$4,932,533$398,232,610
96$494,483,591$19,609,893$4,920,516$438,518,273
97$544,738,078$20,387,939$4,902,514$482,902,887
98$600,112,763$21,198,349$4,878,150$531,804,221
99$661,129,725$22,042,528$4,847,028$585,682,646
100$728,364,289$22,921,944$4,808,735$645,045,482