Can I retire at age 40 with 2,360,000?

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 $2,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$194,887$193,151$191,457$189,804$188,190$186,457
2 years$96,479$94,682$92,940$91,252$89,614$87,869
3 years$63,680$61,876$60,139$58,466$56,855$55,150
4 years$47,284$45,485$43,765$42,121$40,549$38,899
5 years$37,449$35,661$33,964$32,353$30,825$29,234
6 years$30,895$29,120$27,448$25,873$24,391$22,861
7 years$26,215$24,455$22,809$21,272$19,836$18,368
8 years$22,706$20,962$19,344$17,844$16,456$15,049
9 years$19,979$18,251$16,661$15,199$13,858$12,513
10 years$17,798$16,088$14,525$13,102$11,808$10,523
11 years$16,015$14,322$12,788$11,403$10,155$8,929
12 years$14,531$12,855$11,349$10,002$8,800$7,633
13 years$13,275$11,617$10,140$8,830$7,674$6,563
14 years$12,200$10,559$9,110$7,838$6,727$5,672
15 years$11,269$9,646$8,226$6,990$5,923$4,922
16 years$10,456$8,850$7,458$6,259$5,235$4,286
17 years$9,738$8,151$6,786$5,624$4,642$3,743
18 years$9,102$7,532$6,195$5,068$4,127$3,277
19 years$8,532$6,980$5,671$4,580$3,679$2,876
20 years$8,021$6,486$5,205$4,148$3,286$2,528
21 years$7,559$6,042$4,787$3,764$2,940$2,227
22 years$7,139$5,640$4,412$3,423$2,636$1,964
23 years$6,756$5,275$4,074$3,117$2,366$1,734
24 years$6,406$4,942$3,768$2,843$2,127$1,533
25 years$6,084$4,638$3,490$2,596$1,914$1,356
26 years$5,788$4,359$3,236$2,374$1,724$1,201
27 years$5,514$4,102$3,005$2,173$1,554$1,064
28 years$5,260$3,866$2,794$1,991$1,402$944
29 years$5,024$3,647$2,600$1,826$1,266$837
30 years$4,804$3,444$2,422$1,675$1,144$743
31 years$4,599$3,256$2,258$1,539$1,034$660
32 years$4,407$3,080$2,106$1,414$936$586
33 years$4,226$2,917$1,967$1,300$847$521
34 years$4,057$2,765$1,838$1,197$767$463
35 years$3,898$2,622$1,718$1,101$694$412
36 years$3,748$2,489$1,607$1,014$629$367
37 years$3,607$2,364$1,504$935$570$326
38 years$3,473$2,247$1,409$862$517$290
39 years$3,346$2,136$1,320$794$469$258
40 years$3,226$2,033$1,237$733$425$230
41 years$3,113$1,935$1,160$676$386$205
42 years$3,005$1,843$1,088$624$350$182
43 years$2,902$1,756$1,021$576$318$162
44 years$2,804$1,674$958$532$288$145
45 years$2,711$1,596$900$491$262$129
46 years$2,622$1,522$845$454$238$115
47 years$2,537$1,453$794$419$216$102
48 years$2,456$1,387$746$387$196$91
49 years$2,378$1,324$701$358$178$81
50 years$2,304$1,265$659$331$162$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,360,000, adding $4,981 every year, while hoping to spend $22,020 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: 38/36/26 Blend
39$2,360,000$2,360,000$2,360,000$2,360,000
40$2,605,858$2,480,778$2,444,198$2,684,516
41$2,848,226$2,578,907$2,502,649$2,840,634
42$3,114,578$2,681,106$2,562,321$3,006,849
43$3,407,337$2,787,552$2,623,230$3,186,059
44$3,729,172$2,898,428$2,685,395$3,379,457
45$4,083,023$3,013,928$2,748,832$3,588,352
46$4,472,133$3,134,251$2,813,559$3,814,182
47$4,900,069$3,259,609$2,879,592$4,058,524
48$5,370,767$3,390,220$2,946,949$4,323,115
49$5,888,558$3,526,313$3,015,645$4,609,858
50$6,458,218$3,668,130$3,085,696$4,920,850
51$7,085,008$3,815,920$3,157,118$5,258,392
52$7,774,724$3,969,946$3,229,927$5,625,013
53$8,533,753$4,130,480$3,304,137$6,023,497
54$9,369,133$4,297,810$3,379,762$6,456,902
55$10,288,616$4,472,235$3,456,816$6,928,592
56$11,300,748$4,654,067$3,535,312$7,442,266
57$12,414,941$4,843,634$3,615,263$8,001,993
58$13,641,571$5,041,277$3,696,679$8,612,251
59$14,992,066$5,247,354$3,779,573$9,277,963
60$16,479,021$5,462,240$3,863,954$10,004,548
61$18,116,316$5,686,324$3,949,831$10,797,968
62$19,919,243$5,920,017$4,037,212$11,664,783
63$21,904,653$6,163,744$4,126,106$12,612,213
64$24,091,114$6,417,955$4,216,517$13,648,205
65$26,499,088$6,683,115$4,308,451$14,781,505
66$29,151,122$6,959,715$4,401,911$16,021,741
67$32,072,062$7,248,265$4,496,900$17,379,510
68$35,289,283$7,549,302$4,593,418$18,866,480
69$38,832,957$7,863,384$4,691,464$20,495,496
70$42,736,326$8,191,098$4,791,036$22,280,699
71$47,036,025$8,533,056$4,892,129$24,237,661
72$51,772,422$8,889,898$4,994,738$26,383,526
73$56,990,001$9,262,295$5,098,854$28,737,174
74$62,737,783$9,650,948$5,204,466$31,319,395
75$69,069,784$10,056,592$5,311,563$34,153,083
76$76,045,531$10,479,994$5,420,130$37,263,451
77$83,730,618$10,921,957$5,530,148$40,678,267
78$92,197,331$11,383,323$5,641,597$44,428,112
79$101,525,323$11,864,970$5,754,455$48,546,669
80$111,802,373$12,367,820$5,868,696$53,071,036
81$123,125,207$12,892,836$5,984,290$58,042,075
82$135,600,419$13,441,026$6,101,204$63,504,796
83$149,345,471$14,013,445$6,219,403$69,508,774
84$164,489,802$14,611,197$6,338,847$76,108,622
85$181,176,055$15,235,439$6,459,491$83,364,497
86$199,561,417$15,887,380$6,581,289$91,342,666
87$219,819,107$16,568,286$6,704,186$100,116,132
88$242,140,006$17,279,483$6,828,128$109,765,312
89$266,734,467$18,022,358$6,953,050$120,378,803
90$293,834,293$18,798,364$7,078,888$132,054,203
91$323,694,928$19,609,020$7,205,567$144,899,039
92$356,597,868$20,455,920$7,333,011$159,031,769
93$392,853,319$21,340,728$7,461,135$174,582,902
94$432,803,123$22,265,189$7,589,849$191,696,224
95$476,823,988$23,231,130$7,719,056$210,530,147
96$525,331,043$24,240,464$7,848,652$231,259,206
97$578,781,754$25,295,191$7,978,526$254,075,696
98$637,680,246$26,397,408$8,108,560$279,191,484
99$702,582,061$27,549,311$8,238,627$306,840,005
100$774,099,402$28,753,198$8,368,591$337,278,456