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%17.7%
1 years$194,887$193,151$191,457$189,804$188,190$182,312
2 years$96,479$94,682$92,940$91,252$89,614$83,744
3 years$63,680$61,876$60,139$58,466$56,855$51,178
4 years$47,284$45,485$43,765$42,121$40,549$35,108
5 years$37,449$35,661$33,964$32,353$30,825$25,634
6 years$30,895$29,120$27,448$25,873$24,391$19,455
7 years$26,215$24,455$22,809$21,272$19,836$15,155
8 years$22,706$20,962$19,344$17,844$16,456$12,027
9 years$19,979$18,251$16,661$15,199$13,858$9,676
10 years$17,798$16,088$14,525$13,102$11,808$7,866
11 years$16,015$14,322$12,788$11,403$10,155$6,447
12 years$14,531$12,855$11,349$10,002$8,800$5,318
13 years$13,275$11,617$10,140$8,830$7,674$4,409
14 years$12,200$10,559$9,110$7,838$6,727$3,670
15 years$11,269$9,646$8,226$6,990$5,923$3,066
16 years$10,456$8,850$7,458$6,259$5,235$2,568
17 years$9,738$8,151$6,786$5,624$4,642$2,156
18 years$9,102$7,532$6,195$5,068$4,127$1,814
19 years$8,532$6,980$5,671$4,580$3,679$1,528
20 years$8,021$6,486$5,205$4,148$3,286$1,289
21 years$7,559$6,042$4,787$3,764$2,940$1,089
22 years$7,139$5,640$4,412$3,423$2,636$920
23 years$6,756$5,275$4,074$3,117$2,366$779
24 years$6,406$4,942$3,768$2,843$2,127$659
25 years$6,084$4,638$3,490$2,596$1,914$558
26 years$5,788$4,359$3,236$2,374$1,724$473
27 years$5,514$4,102$3,005$2,173$1,554$401
28 years$5,260$3,866$2,794$1,991$1,402$340
29 years$5,024$3,647$2,600$1,826$1,266$288
30 years$4,804$3,444$2,422$1,675$1,144$245
31 years$4,599$3,256$2,258$1,539$1,034$208
32 years$4,407$3,080$2,106$1,414$936$176
33 years$4,226$2,917$1,967$1,300$847$150
34 years$4,057$2,765$1,838$1,197$767$127
35 years$3,898$2,622$1,718$1,101$694$108
36 years$3,748$2,489$1,607$1,014$629$92
37 years$3,607$2,364$1,504$935$570$78
38 years$3,473$2,247$1,409$862$517$66
39 years$3,346$2,136$1,320$794$469$56
40 years$3,226$2,033$1,237$733$425$48
41 years$3,113$1,935$1,160$676$386$41
42 years$3,005$1,843$1,088$624$350$34
43 years$2,902$1,756$1,021$576$318$29
44 years$2,804$1,674$958$532$288$25
45 years$2,711$1,596$900$491$262$21
46 years$2,622$1,522$845$454$238$18
47 years$2,537$1,453$794$419$216$15
48 years$2,456$1,387$746$387$196$13
49 years$2,378$1,324$701$358$178$11
50 years$2,304$1,265$659$331$162$9

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 $6,670 every year, while hoping to spend $44,685 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: 71/6/23 Blend
39$2,360,000$2,360,000$2,360,000$2,360,000
40$2,607,600$2,482,520$2,445,940$2,777,329
41$2,826,031$2,556,619$2,480,335$2,965,594
42$3,065,244$2,632,851$2,514,384$3,165,775
43$3,327,312$2,711,274$2,548,029$3,383,884
44$3,614,517$2,791,946$2,581,207$3,621,696
45$3,929,374$2,874,927$2,613,853$3,881,165
46$4,274,650$2,960,279$2,645,898$4,164,447
47$4,653,396$3,048,064$2,677,267$4,473,912
48$5,068,970$3,138,347$2,707,883$4,812,175
49$5,525,072$3,231,193$2,737,664$5,182,116
50$6,025,776$3,326,669$2,766,523$5,586,906
51$6,575,573$3,424,843$2,794,369$6,030,040
52$7,179,407$3,525,785$2,821,106$6,515,370
53$7,842,725$3,629,568$2,846,631$7,047,138
54$8,571,529$3,736,262$2,870,839$7,630,019
55$9,372,429$3,845,944$2,893,617$8,269,164
56$10,252,710$3,958,687$2,914,846$8,970,247
57$11,220,394$4,074,571$2,934,401$9,739,523
58$12,284,322$4,193,673$2,952,151$10,583,881
59$13,454,233$4,316,073$2,967,959$11,510,915
60$14,740,858$4,441,854$2,981,678$12,528,992
61$16,156,019$4,571,098$2,993,158$13,647,329
62$17,712,741$4,703,890$3,002,237$14,876,088
63$19,425,377$4,840,317$3,008,748$16,226,461
64$21,309,738$4,980,466$3,012,514$17,710,785
65$23,383,248$5,124,425$3,013,350$19,342,654
66$25,665,104$5,272,286$3,011,061$21,137,048
67$28,176,457$5,424,140$3,005,444$23,110,473
68$30,940,613$5,580,081$2,996,284$25,281,120
69$33,983,253$5,740,202$2,983,357$27,669,036
70$37,332,674$5,904,601$2,966,429$30,296,309
71$41,020,053$6,073,374$2,945,251$33,187,283
72$45,079,749$6,246,619$2,919,567$36,368,784
73$49,549,616$6,424,436$2,889,105$39,870,374
74$54,471,369$6,606,926$2,853,583$43,724,629
75$59,890,973$6,794,190$2,812,702$47,967,451
76$65,859,078$6,986,331$2,766,154$52,638,402
77$72,431,496$7,183,452$2,713,611$57,781,078
78$79,669,725$7,385,658$2,654,734$63,443,525
79$87,641,537$7,593,055$2,589,167$69,678,689
80$96,421,606$7,805,747$2,516,536$76,544,918
81$106,092,222$8,023,841$2,436,452$84,106,508
82$116,744,062$8,247,443$2,348,508$92,434,320
83$128,477,049$8,476,660$2,252,275$101,606,440
84$141,401,291$8,711,600$2,147,310$111,708,919
85$155,638,123$8,952,368$2,033,145$122,836,589
86$171,321,249$9,199,072$1,909,293$135,093,955
87$188,598,008$9,451,817$1,775,245$148,596,183
88$207,630,758$9,710,710$1,630,469$163,470,187
89$228,598,416$9,975,855$1,474,410$179,855,828
90$251,698,138$10,247,355$1,306,486$197,907,235
91$277,147,186$10,525,314$1,126,092$217,794,262
92$305,184,976$10,809,831$932,593$239,704,088
93$336,075,337$11,101,006$725,328$263,842,988
94$370,109,002$11,398,936$503,607$290,438,280
95$407,606,351$11,703,715$266,709$319,740,470
96$448,920,436$12,015,434$13,881$352,025,621
97$494,440,312$12,334,182$0$387,597,958
98$544,594,710$12,660,043$0$426,855,547
99$599,856,083$12,993,099$0$470,112,756
100$660,745,067$13,333,424$0$517,773,536