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%19.1%
1 years$194,887$193,151$191,457$189,804$188,190$181,296
2 years$96,479$94,682$92,940$91,252$89,614$82,746
3 years$63,680$61,876$60,139$58,466$56,855$50,228
4 years$47,284$45,485$43,765$42,121$40,549$34,214
5 years$37,449$35,661$33,964$32,353$30,825$24,798
6 years$30,895$29,120$27,448$25,873$24,391$18,676
7 years$26,215$24,455$22,809$21,272$19,836$14,433
8 years$22,706$20,962$19,344$17,844$16,456$11,359
9 years$19,979$18,251$16,661$15,199$13,858$9,061
10 years$17,798$16,088$14,525$13,102$11,808$7,301
11 years$16,015$14,322$12,788$11,403$10,155$5,930
12 years$14,531$12,855$11,349$10,002$8,800$4,846
13 years$13,275$11,617$10,140$8,830$7,674$3,979
14 years$12,200$10,559$9,110$7,838$6,727$3,281
15 years$11,269$9,646$8,226$6,990$5,923$2,713
16 years$10,456$8,850$7,458$6,259$5,235$2,250
17 years$9,738$8,151$6,786$5,624$4,642$1,870
18 years$9,102$7,532$6,195$5,068$4,127$1,556
19 years$8,532$6,980$5,671$4,580$3,679$1,297
20 years$8,021$6,486$5,205$4,148$3,286$1,083
21 years$7,559$6,042$4,787$3,764$2,940$905
22 years$7,139$5,640$4,412$3,423$2,636$756
23 years$6,756$5,275$4,074$3,117$2,366$633
24 years$6,406$4,942$3,768$2,843$2,127$530
25 years$6,084$4,638$3,490$2,596$1,914$444
26 years$5,788$4,359$3,236$2,374$1,724$372
27 years$5,514$4,102$3,005$2,173$1,554$312
28 years$5,260$3,866$2,794$1,991$1,402$261
29 years$5,024$3,647$2,600$1,826$1,266$219
30 years$4,804$3,444$2,422$1,675$1,144$184
31 years$4,599$3,256$2,258$1,539$1,034$154
32 years$4,407$3,080$2,106$1,414$936$129
33 years$4,226$2,917$1,967$1,300$847$109
34 years$4,057$2,765$1,838$1,197$767$91
35 years$3,898$2,622$1,718$1,101$694$76
36 years$3,748$2,489$1,607$1,014$629$64
37 years$3,607$2,364$1,504$935$570$54
38 years$3,473$2,247$1,409$862$517$45
39 years$3,346$2,136$1,320$794$469$38
40 years$3,226$2,033$1,237$733$425$32
41 years$3,113$1,935$1,160$676$386$27
42 years$3,005$1,843$1,088$624$350$22
43 years$2,902$1,756$1,021$576$318$19
44 years$2,804$1,674$958$532$288$16
45 years$2,711$1,596$900$491$262$13
46 years$2,622$1,522$845$454$238$11
47 years$2,537$1,453$794$419$216$9
48 years$2,456$1,387$746$387$196$8
49 years$2,378$1,324$701$358$178$7
50 years$2,304$1,265$659$331$162$6

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 $5,256 every year, while hoping to spend $55,062 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: 59/33/8 Blend
39$2,360,000$2,360,000$2,360,000$2,360,000
40$2,606,142$2,481,062$2,444,482$2,755,011
41$2,813,382$2,544,048$2,467,786$2,918,545
42$3,039,916$2,608,275$2,490,026$3,090,051
43$3,287,653$2,673,746$2,511,107$3,275,682
44$3,558,696$2,740,462$2,530,931$3,476,797
45$3,855,359$2,808,421$2,549,394$3,694,894
46$4,180,193$2,877,621$2,566,386$3,931,620
47$4,536,005$2,948,057$2,581,792$4,188,788
48$4,925,887$3,019,721$2,595,492$4,468,398
49$5,353,245$3,092,604$2,607,357$4,772,649
50$5,821,827$3,166,693$2,617,255$5,103,965
51$6,335,765$3,241,972$2,625,045$5,465,014
52$6,899,608$3,318,424$2,630,579$5,858,735
53$7,518,368$3,396,027$2,633,703$6,288,367
54$8,197,563$3,474,754$2,634,254$6,757,477
55$8,943,275$3,554,577$2,632,062$7,269,993
56$9,762,201$3,635,463$2,626,947$7,830,244
57$10,661,718$3,717,373$2,618,723$8,443,000
58$11,649,955$3,800,266$2,607,192$9,113,513
59$12,735,865$3,884,094$2,592,148$9,847,572
60$13,929,313$3,968,804$2,573,374$10,651,555
61$15,241,166$4,054,339$2,550,645$11,532,488
62$16,683,396$4,140,633$2,523,724$12,498,115
63$18,269,195$4,227,616$2,492,360$13,556,967
64$20,013,093$4,315,210$2,456,295$14,718,445
65$21,931,104$4,403,330$2,415,256$15,992,906
66$24,040,866$4,491,883$2,368,957$17,391,764
67$26,361,817$4,580,768$2,317,100$18,927,599
68$28,915,372$4,669,876$2,259,372$20,614,269
69$31,725,126$4,759,086$2,195,447$22,467,049
70$34,817,077$4,848,269$2,124,983$24,502,767
71$38,219,871$4,937,286$2,047,622$26,739,973
72$41,965,070$5,025,985$1,962,989$29,199,104
73$46,087,454$5,114,205$1,870,695$31,902,685
74$50,625,341$5,201,768$1,770,331$34,875,536
75$55,620,957$5,288,486$1,661,469$38,145,010
76$61,120,829$5,374,156$1,543,662$41,741,251
77$67,176,224$5,458,560$1,416,445$45,697,480
78$73,843,633$5,541,463$1,279,330$50,050,303
79$81,185,303$5,622,615$1,131,807$54,840,065
80$89,269,827$5,701,746$973,346$60,111,226
81$98,172,787$5,778,569$803,390$65,912,783
82$107,977,467$5,852,775$621,360$72,298,732
83$118,775,644$5,924,036$426,650$79,328,580
84$130,668,445$5,991,999$218,629$87,067,906
85$143,767,309$6,056,290$0$95,588,980
86$158,195,034$6,116,508$0$104,971,735
87$174,086,936$6,172,225$0$115,323,593
88$191,592,126$6,222,986$0$126,722,661
89$210,874,918$6,268,307$0$139,275,606
90$232,116,376$6,307,671$0$153,099,975
91$255,516,029$6,340,529$0$168,325,304
92$281,293,745$6,366,296$0$185,094,348
93$309,691,813$6,384,351$0$203,564,421
94$340,977,226$6,394,033$0$223,908,889
95$375,444,202$6,394,639$0$246,318,802
96$413,416,960$6,385,426$0$271,004,705
97$455,252,779$6,365,601$0$298,198,617
98$501,345,371$6,334,323$0$328,156,233
99$552,128,596$6,290,703$0$361,159,331
100$608,080,560$6,233,794$0$397,518,438