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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.6%
1 years$194,061$192,332$190,646$189,000$187,392$180,171
2 years$96,070$94,280$92,546$90,865$89,234$82,045
3 years$63,410$61,613$59,884$58,218$56,614$49,683
4 years$47,084$45,292$43,580$41,943$40,378$33,758
5 years$37,290$35,510$33,820$32,216$30,694$24,403
6 years$30,764$28,996$27,331$25,764$24,287$18,328
7 years$26,103$24,351$22,713$21,182$19,752$14,123
8 years$22,610$20,873$19,262$17,769$16,386$11,082
9 years$19,894$18,174$16,590$15,135$13,800$8,813
10 years$17,723$16,020$14,464$13,047$11,758$7,079
11 years$15,948$14,261$12,734$11,354$10,112$5,731
12 years$14,469$12,800$11,301$9,959$8,763$4,667
13 years$13,219$11,568$10,097$8,793$7,642$3,820
14 years$12,149$10,515$9,072$7,805$6,699$3,138
15 years$11,222$9,605$8,191$6,961$5,898$2,586
16 years$10,411$8,813$7,426$6,233$5,213$2,137
17 years$9,697$8,116$6,757$5,600$4,622$1,769
18 years$9,063$7,500$6,169$5,047$4,110$1,467
19 years$8,496$6,951$5,647$4,560$3,663$1,218
20 years$7,987$6,459$5,183$4,130$3,272$1,013
21 years$7,527$6,016$4,767$3,748$2,928$843
22 years$7,109$5,616$4,394$3,408$2,624$702
23 years$6,728$5,252$4,057$3,104$2,356$585
24 years$6,379$4,921$3,752$2,831$2,117$488
25 years$6,059$4,618$3,475$2,585$1,905$407
26 years$5,763$4,340$3,223$2,364$1,716$340
27 years$5,491$4,085$2,993$2,164$1,547$284
28 years$5,238$3,849$2,782$1,982$1,396$237
29 years$5,003$3,631$2,589$1,818$1,261$198
30 years$4,784$3,429$2,411$1,668$1,139$165
31 years$4,579$3,242$2,248$1,532$1,030$138
32 years$4,388$3,067$2,098$1,408$932$115
33 years$4,209$2,905$1,958$1,295$843$96
34 years$4,040$2,753$1,830$1,191$763$81
35 years$3,882$2,611$1,711$1,097$691$67
36 years$3,732$2,479$1,600$1,010$626$56
37 years$3,591$2,354$1,498$931$568$47
38 years$3,458$2,237$1,403$858$515$39
39 years$3,332$2,127$1,314$791$467$33
40 years$3,213$2,024$1,232$730$423$27
41 years$3,100$1,927$1,155$673$384$23
42 years$2,992$1,835$1,084$621$349$19
43 years$2,890$1,748$1,017$573$316$16
44 years$2,792$1,666$954$529$287$13
45 years$2,699$1,589$896$489$261$11
46 years$2,611$1,516$842$452$237$9
47 years$2,526$1,447$791$417$215$8
48 years$2,446$1,381$743$386$195$7
49 years$2,368$1,319$698$356$177$5
50 years$2,294$1,260$657$329$161$5

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 $3,303 every year, while hoping to spend $51,492 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: 37/48/15 Blend
39$2,350,000$2,350,000$2,350,000$2,350,000
40$2,593,107$2,468,557$2,432,132$2,677,097
41$2,802,817$2,534,729$2,458,821$2,803,918
42$3,032,191$2,602,418$2,484,679$2,935,649
43$3,283,182$2,671,644$2,509,623$3,076,829
44$3,557,937$2,742,425$2,533,566$3,228,331
45$3,858,823$2,814,780$2,556,417$3,391,115
46$4,188,446$2,888,727$2,578,080$3,566,237
47$4,549,675$2,964,283$2,598,453$3,754,860
48$4,945,671$3,041,461$2,617,430$3,958,264
49$5,379,914$3,120,278$2,634,899$4,177,858
50$5,856,238$3,200,744$2,650,741$4,415,193
51$6,378,866$3,282,872$2,664,832$4,671,978
52$6,952,449$3,366,671$2,677,042$4,950,094
53$7,582,109$3,452,148$2,687,233$5,251,612
54$8,273,491$3,539,310$2,695,263$5,578,815
55$9,032,811$3,628,161$2,700,978$5,934,215
56$9,866,917$3,718,700$2,704,220$6,320,581
57$10,783,354$3,810,928$2,704,823$6,740,964
58$11,790,434$3,904,841$2,702,612$7,198,722
59$12,897,311$4,000,431$2,697,403$7,697,558
60$14,114,074$4,097,689$2,689,003$8,241,550
61$15,451,836$4,196,602$2,677,211$8,835,192
62$16,922,840$4,297,153$2,661,814$9,483,434
63$18,540,577$4,399,320$2,642,592$10,191,733
64$20,319,908$4,503,080$2,619,311$10,966,100
65$22,277,209$4,608,401$2,591,729$11,813,159
66$24,430,522$4,715,251$2,559,590$12,740,210
67$26,799,726$4,823,589$2,522,626$13,755,298
68$29,406,723$4,933,369$2,480,560$14,867,286
69$32,275,647$5,044,543$2,433,096$16,085,946
70$35,433,089$5,157,051$2,379,930$17,422,041
71$38,908,347$5,270,829$2,320,741$18,887,438
72$42,733,705$5,385,807$2,255,193$20,495,212
73$46,944,737$5,501,905$2,182,936$22,259,773
74$51,580,637$5,619,036$2,103,601$24,197,003
75$56,684,597$5,737,103$2,016,807$26,324,404
76$62,304,207$5,856,003$1,922,151$28,661,266
77$68,491,908$5,975,618$1,819,215$31,228,849
78$75,305,483$6,095,824$1,707,559$34,050,582
79$82,808,605$6,216,483$1,586,725$37,152,287
80$91,071,439$6,337,446$1,456,236$40,562,425
81$100,171,296$6,458,551$1,315,590$44,312,359
82$110,193,372$6,579,623$1,164,266$48,436,660
83$121,231,544$6,700,474$1,001,718$52,973,423
84$133,389,261$6,820,896$827,375$57,964,640
85$146,780,516$6,940,671$640,643$63,456,585
86$161,530,925$7,059,560$440,900$69,500,262
87$177,778,907$7,177,306$227,498$76,151,881
88$195,676,996$7,293,634$0$83,473,392
89$215,393,276$7,408,249$0$91,533,112
90$237,112,969$7,520,832$0$100,445,109
91$261,040,182$7,631,043$0$110,255,985
92$287,399,835$7,738,519$0$121,057,263
93$316,439,779$7,842,867$0$132,949,807
94$348,433,140$7,943,671$0$146,044,768
95$383,680,894$8,040,484$0$160,464,643
96$422,514,707$8,132,830$0$176,344,422
97$465,300,068$8,220,199$0$193,832,874
98$512,439,735$8,302,049$0$213,093,945
99$564,377,537$8,377,799$0$234,308,309
100$621,602,568$8,446,833$0$257,675,078