Can I retire at age 40 with 2,370,000?

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 $2,370,000?

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$195,712$193,969$192,268$190,608$188,987$186,858
2 years$96,887$95,083$93,334$91,639$89,994$87,851
3 years$63,950$62,138$60,393$58,714$57,096$55,005
4 years$47,484$45,678$43,951$42,300$40,721$38,698
5 years$37,608$35,812$34,108$32,490$30,956$29,007
6 years$31,025$29,243$27,564$25,983$24,494$22,622
7 years$26,326$24,558$22,906$21,362$19,920$18,126
8 years$22,802$21,051$19,426$17,920$16,526$14,809
9 years$20,064$18,329$16,732$15,264$13,917$12,277
10 years$17,874$16,156$14,587$13,158$11,858$10,293
11 years$16,083$14,383$12,842$11,451$10,198$8,708
12 years$14,592$12,909$11,397$10,044$8,838$7,420
13 years$13,332$11,666$10,183$8,867$7,707$6,359
14 years$12,252$10,604$9,149$7,872$6,756$5,477
15 years$11,317$9,687$8,260$7,020$5,948$4,737
16 years$10,500$8,888$7,489$6,286$5,257$4,111
17 years$9,780$8,185$6,815$5,648$4,661$3,578
18 years$9,140$7,564$6,221$5,090$4,145$3,121
19 years$8,569$7,010$5,695$4,599$3,694$2,729
20 years$8,055$6,514$5,227$4,165$3,300$2,391
21 years$7,591$6,067$4,808$3,780$2,953$2,097
22 years$7,169$5,664$4,431$3,437$2,647$1,843
23 years$6,785$5,297$4,091$3,130$2,376$1,621
24 years$6,433$4,963$3,784$2,855$2,136$1,427
25 years$6,110$4,658$3,504$2,607$1,922$1,258
26 years$5,813$4,377$3,250$2,384$1,731$1,110
27 years$5,537$4,120$3,018$2,182$1,561$979
28 years$5,282$3,882$2,806$1,999$1,408$865
29 years$5,045$3,662$2,611$1,833$1,272$764
30 years$4,824$3,458$2,432$1,683$1,149$676
31 years$4,618$3,269$2,267$1,545$1,039$598
32 years$4,425$3,094$2,115$1,420$940$529
33 years$4,244$2,930$1,975$1,306$850$468
34 years$4,074$2,777$1,845$1,202$770$414
35 years$3,915$2,634$1,725$1,106$697$367
36 years$3,764$2,500$1,614$1,019$632$325
37 years$3,622$2,374$1,511$939$573$288
38 years$3,488$2,256$1,415$865$519$255
39 years$3,361$2,145$1,325$798$471$226
40 years$3,240$2,041$1,242$736$427$200
41 years$3,126$1,943$1,165$679$387$178
42 years$3,017$1,851$1,093$626$352$158
43 years$2,914$1,763$1,025$578$319$140
44 years$2,816$1,681$963$534$290$124
45 years$2,722$1,603$904$493$263$110
46 years$2,633$1,529$849$456$239$97
47 years$2,548$1,459$797$421$217$86
48 years$2,466$1,393$749$389$197$77
49 years$2,388$1,330$704$359$179$68
50 years$2,314$1,271$662$332$162$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,370,000, adding $5,289 every year, while hoping to spend $48,687 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: 75/9/16 Blend
39$2,370,000$2,370,000$2,370,000$2,370,000
40$2,617,196$2,491,586$2,454,851$2,803,806
41$2,832,347$2,561,871$2,485,286$2,998,237
42$3,067,812$2,633,968$2,515,108$3,204,728
43$3,325,611$2,707,915$2,544,247$3,429,744
44$3,607,970$2,783,749$2,572,625$3,675,115
45$3,917,338$2,861,508$2,600,164$3,942,857
46$4,256,415$2,941,230$2,626,777$4,235,191
47$4,628,171$3,022,953$2,652,377$4,554,561
48$5,035,882$3,106,714$2,676,868$4,903,661
49$5,483,152$3,192,553$2,700,153$5,285,458
50$5,973,951$3,280,506$2,722,126$5,703,222
51$6,512,655$3,370,612$2,742,679$6,160,553
52$7,104,082$3,462,908$2,761,695$6,661,417
53$7,753,539$3,557,432$2,779,052$7,210,186
54$8,466,874$3,654,219$2,794,624$7,811,673
55$9,250,526$3,753,307$2,808,275$8,471,185
56$10,111,592$3,854,731$2,819,864$9,194,565
57$11,057,888$3,958,527$2,829,243$9,988,253
58$12,098,026$4,064,728$2,836,256$10,859,345
59$13,241,494$4,173,369$2,840,740$11,815,657
60$14,498,743$4,284,481$2,842,522$12,865,805
61$15,881,291$4,398,096$2,841,422$14,019,279
62$17,401,824$4,514,244$2,837,251$15,286,537
63$19,074,322$4,632,954$2,829,811$16,679,103
64$20,914,186$4,754,252$2,818,893$18,209,676
65$22,938,386$4,878,164$2,804,279$19,892,246
66$25,165,619$5,004,712$2,785,740$21,742,233
67$27,616,487$5,133,918$2,763,037$23,776,625
68$30,313,689$5,265,800$2,735,919$26,014,145
69$33,282,236$5,400,374$2,704,123$28,475,421
70$36,549,686$5,537,654$2,667,373$31,183,187
71$40,146,404$5,677,650$2,625,380$34,162,494
72$44,105,850$5,820,368$2,577,844$37,440,947
73$48,464,892$5,965,811$2,524,446$41,048,965
74$53,264,154$6,113,978$2,464,858$45,020,070
75$58,548,400$6,264,865$2,398,733$49,391,201
76$64,366,955$6,418,462$2,325,708$54,203,066
77$70,774,170$6,574,753$2,245,406$59,500,524
78$77,829,938$6,733,718$2,157,430$65,333,006
79$85,600,254$6,895,332$2,061,366$71,754,988
80$94,157,839$7,059,563$1,956,781$78,826,501
81$103,582,828$7,226,371$1,843,222$86,613,696
82$113,963,524$7,395,711$1,720,218$95,189,476
83$125,397,232$7,567,529$1,587,273$104,634,175
84$137,991,174$7,741,763$1,443,872$115,036,323
85$151,863,507$7,918,342$1,289,474$126,493,479
86$167,144,430$8,097,186$1,123,517$139,113,156
87$183,977,420$8,278,205$945,412$153,013,828
88$202,520,578$8,461,299$754,545$168,326,059
89$222,948,128$8,646,354$550,274$185,193,727
90$245,452,058$8,833,246$331,929$203,775,387
91$270,243,930$9,021,837$98,810$224,245,769
92$297,556,879$9,211,976$0$246,797,425
93$327,647,814$9,403,495$0$271,668,149
94$360,799,838$9,596,213$0$299,085,844
95$397,324,924$9,789,931$0$329,291,449
96$437,566,860$9,984,431$0$362,569,083
97$481,904,490$10,179,478$0$399,231,838
98$530,755,290$10,374,815$0$439,624,733
99$584,579,313$10,570,165$0$484,127,975
100$643,883,527$10,765,227$0$533,160,544