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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.5%
1 years$194,887$193,151$191,457$189,804$188,190$181,730
2 years$96,479$94,682$92,940$91,252$89,614$83,171
3 years$63,680$61,876$60,139$58,466$56,855$50,632
4 years$47,284$45,485$43,765$42,121$40,549$34,594
5 years$37,449$35,661$33,964$32,353$30,825$25,153
6 years$30,895$29,120$27,448$25,873$24,391$19,006
7 years$26,215$24,455$22,809$21,272$19,836$14,738
8 years$22,706$20,962$19,344$17,844$16,456$11,641
9 years$19,979$18,251$16,661$15,199$13,858$9,319
10 years$17,798$16,088$14,525$13,102$11,808$7,538
11 years$16,015$14,322$12,788$11,403$10,155$6,146
12 years$14,531$12,855$11,349$10,002$8,800$5,043
13 years$13,275$11,617$10,140$8,830$7,674$4,158
14 years$12,200$10,559$9,110$7,838$6,727$3,443
15 years$11,269$9,646$8,226$6,990$5,923$2,859
16 years$10,456$8,850$7,458$6,259$5,235$2,381
17 years$9,738$8,151$6,786$5,624$4,642$1,988
18 years$9,102$7,532$6,195$5,068$4,127$1,662
19 years$8,532$6,980$5,671$4,580$3,679$1,392
20 years$8,021$6,486$5,205$4,148$3,286$1,167
21 years$7,559$6,042$4,787$3,764$2,940$979
22 years$7,139$5,640$4,412$3,423$2,636$823
23 years$6,756$5,275$4,074$3,117$2,366$692
24 years$6,406$4,942$3,768$2,843$2,127$582
25 years$6,084$4,638$3,490$2,596$1,914$490
26 years$5,788$4,359$3,236$2,374$1,724$412
27 years$5,514$4,102$3,005$2,173$1,554$347
28 years$5,260$3,866$2,794$1,991$1,402$293
29 years$5,024$3,647$2,600$1,826$1,266$247
30 years$4,804$3,444$2,422$1,675$1,144$208
31 years$4,599$3,256$2,258$1,539$1,034$175
32 years$4,407$3,080$2,106$1,414$936$148
33 years$4,226$2,917$1,967$1,300$847$125
34 years$4,057$2,765$1,838$1,197$767$105
35 years$3,898$2,622$1,718$1,101$694$89
36 years$3,748$2,489$1,607$1,014$629$75
37 years$3,607$2,364$1,504$935$570$63
38 years$3,473$2,247$1,409$862$517$53
39 years$3,346$2,136$1,320$794$469$45
40 years$3,226$2,033$1,237$733$425$38
41 years$3,113$1,935$1,160$676$386$32
42 years$3,005$1,843$1,088$624$350$27
43 years$2,902$1,756$1,021$576$318$23
44 years$2,804$1,674$958$532$288$19
45 years$2,711$1,596$900$491$262$16
46 years$2,622$1,522$845$454$238$14
47 years$2,537$1,453$794$419$216$12
48 years$2,456$1,387$746$387$196$10
49 years$2,378$1,324$701$358$178$8
50 years$2,304$1,265$659$331$162$7

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 $6,701 every year, while hoping to spend $23,581 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: 55/39/6 Blend
39$2,360,000$2,360,000$2,360,000$2,360,000
40$2,607,632$2,482,552$2,445,972$2,747,264
41$2,848,521$2,579,107$2,502,822$2,938,764
42$3,113,189$2,679,603$2,560,786$3,143,949
43$3,404,039$2,784,208$2,619,877$3,366,755
44$3,723,715$2,893,098$2,680,107$3,608,858
45$4,075,130$3,006,456$2,741,486$3,872,100
46$4,461,494$3,124,473$2,804,027$4,158,505
47$4,886,345$3,247,351$2,867,741$4,470,300
48$5,353,579$3,375,298$2,932,637$4,809,932
49$5,867,488$3,508,532$2,998,725$5,180,094
50$6,432,804$3,647,282$3,066,013$5,583,747
51$7,054,737$3,791,785$3,134,512$6,024,146
52$7,739,029$3,942,292$3,204,227$6,504,876
53$8,492,007$4,099,062$3,275,166$7,029,877
54$9,320,643$4,262,367$3,347,335$7,603,486
55$10,232,617$4,432,491$3,420,739$8,230,476
56$11,236,391$4,609,730$3,495,381$8,916,097
57$12,341,293$4,794,397$3,571,266$9,666,130
58$13,557,596$4,986,813$3,648,395$10,486,934
59$14,896,623$5,187,320$3,726,768$11,385,510
60$16,370,850$5,396,269$3,806,386$12,369,566
61$17,994,023$5,614,033$3,887,247$13,447,585
62$19,781,290$5,840,997$3,969,346$14,628,905
63$21,749,342$6,077,567$4,052,680$15,923,810
64$23,916,573$6,324,165$4,137,242$17,343,618
65$26,303,247$6,581,234$4,223,024$18,900,795
66$28,931,699$6,849,235$4,310,016$20,609,064
67$31,826,537$7,128,652$4,398,206$22,483,539
68$35,014,878$7,419,990$4,487,581$24,540,861
69$38,526,605$7,723,778$4,578,123$26,799,357
70$42,394,643$8,040,569$4,669,815$29,279,208
71$46,655,279$8,370,939$4,762,637$32,002,643
72$51,348,496$8,715,493$4,856,563$34,994,142
73$56,518,354$9,074,864$4,951,570$38,280,666
74$62,213,405$9,449,711$5,047,626$41,891,911
75$68,487,153$9,840,727$5,144,701$45,860,587
76$75,398,553$10,248,634$5,242,760$50,222,722
77$83,012,577$10,674,188$5,341,764$55,018,000
78$91,400,817$11,118,180$5,441,670$60,290,135
79$100,642,167$11,581,438$5,542,433$66,087,282
80$110,823,568$12,064,828$5,644,004$72,462,485
81$122,040,821$12,569,254$5,746,328$79,474,178
82$134,399,502$13,095,665$5,849,347$87,186,734
83$148,015,950$13,645,051$5,952,999$95,671,067
84$163,018,368$14,218,450$6,057,215$105,005,303
85$179,548,034$14,816,946$6,161,924$115,275,508
86$197,760,632$15,441,675$6,267,047$126,576,504
87$217,827,723$16,093,824$6,372,500$139,012,755
88$239,938,367$16,774,637$6,478,195$152,699,352
89$264,300,901$17,485,415$6,584,035$167,763,096
90$291,144,912$18,227,519$6,689,919$184,343,689
91$320,723,399$19,002,374$6,795,737$202,595,052
92$353,315,166$19,811,470$6,901,374$222,686,769
93$389,227,449$20,656,368$7,006,707$244,805,689
94$428,798,820$21,538,702$7,111,603$269,157,679
95$472,402,382$22,460,180$7,215,924$295,969,568
96$520,449,288$23,422,592$7,319,521$325,491,281
97$573,392,627$24,427,812$7,422,237$357,998,189
98$631,731,699$25,477,798$7,523,905$393,793,712
99$696,016,727$26,574,604$7,624,350$433,212,167
100$766,854,051$27,720,379$7,723,385$476,621,927