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%12.7%
1 years$194,061$192,332$190,646$189,000$187,392$185,281
2 years$96,070$94,280$92,546$90,865$89,234$87,109
3 years$63,410$61,613$59,884$58,218$56,614$54,541
4 years$47,084$45,292$43,580$41,943$40,378$38,372
5 years$37,290$35,510$33,820$32,216$30,694$28,762
6 years$30,764$28,996$27,331$25,764$24,287$22,431
7 years$26,103$24,351$22,713$21,182$19,752$17,973
8 years$22,610$20,873$19,262$17,769$16,386$14,684
9 years$19,894$18,174$16,590$15,135$13,800$12,173
10 years$17,723$16,020$14,464$13,047$11,758$10,206
11 years$15,948$14,261$12,734$11,354$10,112$8,634
12 years$14,469$12,800$11,301$9,959$8,763$7,357
13 years$13,219$11,568$10,097$8,793$7,642$6,306
14 years$12,149$10,515$9,072$7,805$6,699$5,431
15 years$11,222$9,605$8,191$6,961$5,898$4,697
16 years$10,411$8,813$7,426$6,233$5,213$4,076
17 years$9,697$8,116$6,757$5,600$4,622$3,547
18 years$9,063$7,500$6,169$5,047$4,110$3,095
19 years$8,496$6,951$5,647$4,560$3,663$2,706
20 years$7,987$6,459$5,183$4,130$3,272$2,371
21 years$7,527$6,016$4,767$3,748$2,928$2,080
22 years$7,109$5,616$4,394$3,408$2,624$1,827
23 years$6,728$5,252$4,057$3,104$2,356$1,607
24 years$6,379$4,921$3,752$2,831$2,117$1,415
25 years$6,059$4,618$3,475$2,585$1,905$1,247
26 years$5,763$4,340$3,223$2,364$1,716$1,100
27 years$5,491$4,085$2,993$2,164$1,547$971
28 years$5,238$3,849$2,782$1,982$1,396$858
29 years$5,003$3,631$2,589$1,818$1,261$758
30 years$4,784$3,429$2,411$1,668$1,139$670
31 years$4,579$3,242$2,248$1,532$1,030$593
32 years$4,388$3,067$2,098$1,408$932$524
33 years$4,209$2,905$1,958$1,295$843$464
34 years$4,040$2,753$1,830$1,191$763$411
35 years$3,882$2,611$1,711$1,097$691$364
36 years$3,732$2,479$1,600$1,010$626$322
37 years$3,591$2,354$1,498$931$568$286
38 years$3,458$2,237$1,403$858$515$253
39 years$3,332$2,127$1,314$791$467$224
40 years$3,213$2,024$1,232$730$423$199
41 years$3,100$1,927$1,155$673$384$176
42 years$2,992$1,835$1,084$621$349$156
43 years$2,890$1,748$1,017$573$316$139
44 years$2,792$1,666$954$529$287$123
45 years$2,699$1,589$896$489$261$109
46 years$2,611$1,516$842$452$237$97
47 years$2,526$1,447$791$417$215$86
48 years$2,446$1,381$743$386$195$76
49 years$2,368$1,319$698$356$177$67
50 years$2,294$1,260$657$329$161$60

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 $6,674 every year, while hoping to spend $23,614 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: 52/31/17 Blend
39$2,350,000$2,350,000$2,350,000$2,350,000
40$2,596,584$2,472,034$2,435,609$2,719,243
41$2,836,311$2,568,039$2,492,077$2,900,123
42$3,099,698$2,667,956$2,549,645$3,093,719
43$3,389,134$2,771,953$2,608,325$3,303,767
44$3,707,251$2,880,204$2,668,129$3,531,832
45$4,056,947$2,992,890$2,729,068$3,779,637
46$4,441,416$3,110,202$2,791,152$4,049,076
47$4,864,176$3,232,338$2,854,392$4,342,231
48$5,329,105$3,359,506$2,918,797$4,661,394
49$5,840,473$3,491,921$2,984,376$5,009,083
50$6,402,987$3,629,810$3,051,138$5,388,071
51$7,021,831$3,773,410$3,119,090$5,801,406
52$7,702,717$3,922,967$3,188,239$6,252,445
53$8,451,941$4,078,739$3,258,592$6,744,878
54$9,276,437$4,240,995$3,330,153$7,282,770
55$10,183,847$4,410,018$3,402,927$7,870,590
56$11,182,592$4,586,101$3,476,917$8,513,261
57$12,281,948$4,769,552$3,552,125$9,216,199
58$13,492,138$4,960,691$3,628,553$9,985,368
59$14,824,428$5,159,856$3,706,201$10,827,331
60$16,291,227$5,367,397$3,785,066$11,749,314
61$17,906,213$5,583,680$3,865,147$12,759,274
62$19,684,456$5,809,090$3,946,439$13,865,971
63$21,642,562$6,044,027$4,028,936$15,079,050
64$23,798,829$6,288,910$4,112,631$16,409,131
65$26,173,420$6,544,177$4,197,515$17,867,910
66$28,788,554$6,810,286$4,283,576$19,468,266
67$31,668,712$7,087,716$4,370,802$21,224,381
68$34,840,874$7,376,968$4,459,177$23,151,877
69$38,334,768$7,678,564$4,548,684$25,267,955
70$42,183,153$7,993,052$4,639,304$27,591,563
71$46,422,128$8,321,005$4,731,014$30,143,569
72$51,091,472$8,663,021$4,823,790$32,946,959
73$56,235,019$9,019,726$4,917,603$36,027,049
74$61,901,072$9,391,774$5,012,424$39,411,728
75$68,142,860$9,779,850$5,108,219$43,131,714
76$75,019,039$10,184,669$5,204,952$47,220,846
77$82,594,245$10,606,982$5,302,582$51,716,401
78$90,939,705$11,047,571$5,401,065$56,659,439
79$100,133,908$11,507,255$5,500,354$62,095,199
80$110,263,348$11,986,892$5,600,397$68,073,514
81$121,423,338$12,487,378$5,701,139$74,649,284
82$133,718,910$13,009,652$5,802,519$81,882,991
83$147,265,809$13,554,694$5,904,473$89,841,269
84$162,191,579$14,123,532$6,006,930$98,597,530
85$178,636,775$14,717,239$6,109,817$108,232,651
86$196,756,282$15,336,941$6,213,053$118,835,741
87$216,720,784$15,983,812$6,316,551$130,504,976
88$238,718,369$16,659,084$6,420,221$143,348,522
89$262,956,308$17,364,044$6,523,963$157,485,555
90$289,663,010$18,100,040$6,627,674$173,047,382
91$319,090,177$18,868,483$6,731,242$190,178,680
92$351,515,185$19,670,848$6,834,547$209,038,853
93$387,243,693$20,508,679$6,937,465$229,803,539
94$426,612,540$21,383,594$7,039,860$252,666,260
95$469,992,914$22,297,285$7,141,589$277,840,249
96$517,793,861$23,251,522$7,242,503$305,560,454
97$570,466,148$24,248,160$7,342,439$336,085,758
98$628,506,513$25,289,138$7,441,229$369,701,414
99$692,462,359$26,376,487$7,538,692$406,721,734
100$762,936,919$27,512,335$7,634,638$447,493,053