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%16%
1 years$194,061$192,332$190,646$189,000$187,392$182,788
2 years$96,070$94,280$92,546$90,865$89,234$84,624
3 years$63,410$61,613$59,884$58,218$56,614$52,142
4 years$47,084$45,292$43,580$41,943$40,378$36,078
5 years$37,290$35,510$33,820$32,216$30,694$26,579
6 years$30,764$28,996$27,331$25,764$24,287$20,361
7 years$26,103$24,351$22,713$21,182$19,752$16,015
8 years$22,610$20,873$19,262$17,769$16,386$12,836
9 years$19,894$18,174$16,590$15,135$13,800$10,434
10 years$17,723$16,020$14,464$13,047$11,758$8,573
11 years$15,948$14,261$12,734$11,354$10,112$7,103
12 years$14,469$12,800$11,301$9,959$8,763$5,925
13 years$13,219$11,568$10,097$8,793$7,642$4,969
14 years$12,149$10,515$9,072$7,805$6,699$4,185
15 years$11,222$9,605$8,191$6,961$5,898$3,538
16 years$10,411$8,813$7,426$6,233$5,213$3,000
17 years$9,697$8,116$6,757$5,600$4,622$2,550
18 years$9,063$7,500$6,169$5,047$4,110$2,172
19 years$8,496$6,951$5,647$4,560$3,663$1,854
20 years$7,987$6,459$5,183$4,130$3,272$1,584
21 years$7,527$6,016$4,767$3,748$2,928$1,356
22 years$7,109$5,616$4,394$3,408$2,624$1,161
23 years$6,728$5,252$4,057$3,104$2,356$996
24 years$6,379$4,921$3,752$2,831$2,117$854
25 years$6,059$4,618$3,475$2,585$1,905$733
26 years$5,763$4,340$3,223$2,364$1,716$630
27 years$5,491$4,085$2,993$2,164$1,547$542
28 years$5,238$3,849$2,782$1,982$1,396$466
29 years$5,003$3,631$2,589$1,818$1,261$401
30 years$4,784$3,429$2,411$1,668$1,139$345
31 years$4,579$3,242$2,248$1,532$1,030$297
32 years$4,388$3,067$2,098$1,408$932$255
33 years$4,209$2,905$1,958$1,295$843$220
34 years$4,040$2,753$1,830$1,191$763$189
35 years$3,882$2,611$1,711$1,097$691$163
36 years$3,732$2,479$1,600$1,010$626$140
37 years$3,591$2,354$1,498$931$568$121
38 years$3,458$2,237$1,403$858$515$104
39 years$3,332$2,127$1,314$791$467$90
40 years$3,213$2,024$1,232$730$423$77
41 years$3,100$1,927$1,155$673$384$67
42 years$2,992$1,835$1,084$621$349$58
43 years$2,890$1,748$1,017$573$316$50
44 years$2,792$1,666$954$529$287$43
45 years$2,699$1,589$896$489$261$37
46 years$2,611$1,516$842$452$237$32
47 years$2,526$1,447$791$417$215$27
48 years$2,446$1,381$743$386$195$24
49 years$2,368$1,319$698$356$177$20
50 years$2,294$1,260$657$329$161$18

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 $5,569 every year, while hoping to spend $44,398 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: 49/23/28 Blend
39$2,350,000$2,350,000$2,350,000$2,350,000
40$2,595,444$2,470,894$2,434,469$2,701,722
41$2,812,941$2,544,729$2,468,785$2,850,652
42$3,051,133$2,620,694$2,502,762$3,007,537
43$3,312,087$2,698,846$2,536,343$3,177,128
44$3,598,075$2,779,244$2,569,465$3,360,650
45$3,911,600$2,861,948$2,602,063$3,559,450
46$4,255,420$2,947,021$2,634,070$3,775,012
47$4,632,572$3,034,524$2,665,410$4,008,971
48$5,046,401$3,124,523$2,696,008$4,263,126
49$5,500,592$3,217,082$2,725,783$4,539,458
50$5,999,204$3,312,271$2,754,648$4,840,152
51$6,546,707$3,410,156$2,782,512$5,167,612
52$7,148,025$3,510,808$2,809,281$5,524,486
53$7,808,586$3,614,300$2,834,854$5,913,693
54$8,534,364$3,720,703$2,859,124$6,338,447
55$9,331,946$3,830,093$2,881,981$6,802,289
56$10,208,583$3,942,547$2,903,306$7,309,120
57$11,172,268$4,058,141$2,922,976$7,863,240
58$12,231,804$4,176,955$2,940,861$8,469,383
59$13,396,892$4,299,070$2,956,824$9,132,767
60$14,678,219$4,424,568$2,970,721$9,859,142
61$16,087,558$4,553,533$2,982,402$10,654,842
62$17,637,883$4,686,050$2,991,706$11,526,847
63$19,343,488$4,822,207$2,998,469$12,482,848
64$21,220,120$4,962,091$3,002,514$13,531,320
65$23,285,131$5,105,793$3,003,657$14,681,602
66$25,557,642$5,253,404$3,001,707$15,943,983
67$28,058,717$5,405,017$2,996,460$17,329,803
68$30,811,570$5,560,726$2,987,705$18,851,558
69$33,841,775$5,720,627$2,975,218$20,523,017
70$37,177,516$5,884,817$2,958,767$22,359,354
71$40,849,844$6,053,395$2,938,108$24,377,291
72$44,892,976$6,226,460$2,912,983$26,595,253
73$49,344,616$6,404,113$2,883,124$29,033,546
74$54,246,309$6,586,456$2,848,251$31,714,548
75$59,643,834$6,773,594$2,808,069$34,662,919
76$65,587,635$6,965,630$2,762,269$37,905,833
77$72,133,298$7,162,670$2,710,529$41,473,239
78$79,342,074$7,364,820$2,652,511$45,398,138
79$87,281,457$7,572,187$2,587,861$49,716,900
80$96,025,821$7,784,880$2,516,210$54,469,606
81$105,657,123$8,003,008$2,437,171$59,700,424
82$116,265,672$8,226,678$2,350,340$65,458,029
83$127,950,987$8,456,001$2,255,292$71,796,064
84$140,822,730$8,691,087$2,151,586$78,773,643
85$155,001,743$8,932,046$2,038,760$86,455,912
86$170,621,192$9,178,987$1,916,329$94,914,664
87$187,827,816$9,432,020$1,783,789$104,229,016
88$206,783,319$9,691,255$1,640,611$114,486,159
89$227,665,891$9,956,799$1,486,245$125,782,179
90$250,671,891$10,228,762$1,320,113$138,222,966
91$276,017,701$10,507,249$1,141,615$151,925,214
92$303,941,769$10,792,366$950,121$167,017,523
93$334,706,855$11,084,217$744,976$183,641,615
94$368,602,514$11,382,904$525,493$201,953,671
95$405,947,832$11,688,528$290,958$222,125,807
96$447,094,429$12,001,184$40,623$244,347,700
97$492,429,786$12,320,968$0$268,828,380
98$542,380,900$12,647,970$0$295,865,881
99$597,418,310$12,982,279$0$325,663,733
100$658,060,545$13,323,978$0$358,489,802