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%11.2%
1 years$195,712$193,969$192,268$190,608$188,987$188,033
2 years$96,887$95,083$93,334$91,639$89,994$89,031
3 years$63,950$62,138$60,393$58,714$57,096$56,154
4 years$47,484$45,678$43,951$42,300$40,721$39,807
5 years$37,608$35,812$34,108$32,490$30,956$30,073
6 years$31,025$29,243$27,564$25,983$24,494$23,643
7 years$26,326$24,558$22,906$21,362$19,920$19,102
8 years$22,802$21,051$19,426$17,920$16,526$15,740
9 years$20,064$18,329$16,732$15,264$13,917$13,164
10 years$17,874$16,156$14,587$13,158$11,858$11,137
11 years$16,083$14,383$12,842$11,451$10,198$9,509
12 years$14,592$12,909$11,397$10,044$8,838$8,179
13 years$13,332$11,666$10,183$8,867$7,707$7,078
14 years$12,252$10,604$9,149$7,872$6,756$6,157
15 years$11,317$9,687$8,260$7,020$5,948$5,378
16 years$10,500$8,888$7,489$6,286$5,257$4,715
17 years$9,780$8,185$6,815$5,648$4,661$4,147
18 years$9,140$7,564$6,221$5,090$4,145$3,657
19 years$8,569$7,010$5,695$4,599$3,694$3,232
20 years$8,055$6,514$5,227$4,165$3,300$2,862
21 years$7,591$6,067$4,808$3,780$2,953$2,539
22 years$7,169$5,664$4,431$3,437$2,647$2,256
23 years$6,785$5,297$4,091$3,130$2,376$2,007
24 years$6,433$4,963$3,784$2,855$2,136$1,788
25 years$6,110$4,658$3,504$2,607$1,922$1,594
26 years$5,813$4,377$3,250$2,384$1,731$1,423
27 years$5,537$4,120$3,018$2,182$1,561$1,271
28 years$5,282$3,882$2,806$1,999$1,408$1,136
29 years$5,045$3,662$2,611$1,833$1,272$1,016
30 years$4,824$3,458$2,432$1,683$1,149$909
31 years$4,618$3,269$2,267$1,545$1,039$814
32 years$4,425$3,094$2,115$1,420$940$729
33 years$4,244$2,930$1,975$1,306$850$654
34 years$4,074$2,777$1,845$1,202$770$586
35 years$3,915$2,634$1,725$1,106$697$525
36 years$3,764$2,500$1,614$1,019$632$471
37 years$3,622$2,374$1,511$939$573$423
38 years$3,488$2,256$1,415$865$519$380
39 years$3,361$2,145$1,325$798$471$341
40 years$3,240$2,041$1,242$736$427$306
41 years$3,126$1,943$1,165$679$387$275
42 years$3,017$1,851$1,093$626$352$247
43 years$2,914$1,763$1,025$578$319$222
44 years$2,816$1,681$963$534$290$199
45 years$2,722$1,603$904$493$263$179
46 years$2,633$1,529$849$456$239$161
47 years$2,548$1,459$797$421$217$144
48 years$2,466$1,393$749$389$197$130
49 years$2,388$1,330$704$359$179$117
50 years$2,314$1,271$662$332$162$105

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 $2,909 every year, while hoping to spend $35,209 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: 65/14/21 Blend
39$2,370,000$2,370,000$2,370,000$2,370,000
40$2,614,741$2,489,131$2,452,396$2,770,507
41$2,843,982$2,573,636$2,497,089$2,960,068
42$3,095,426$2,661,102$2,542,099$3,162,887
43$3,371,300$2,751,637$2,587,400$3,383,721
44$3,674,058$2,845,352$2,632,963$3,624,338
45$4,006,402$2,942,364$2,678,757$3,886,686
46$4,371,309$3,042,794$2,724,750$4,172,907
47$4,772,058$3,146,767$2,770,905$4,485,361
48$5,212,263$3,254,413$2,817,185$4,826,647
49$5,695,902$3,365,867$2,863,549$5,199,626
50$6,227,360$3,481,271$2,909,954$5,607,451
51$6,811,467$3,600,769$2,956,353$6,053,591
52$7,453,543$3,724,514$3,002,698$6,541,871
53$8,159,452$3,852,662$3,048,935$7,076,502
54$8,935,651$3,985,378$3,095,010$7,662,121
55$9,789,256$4,122,830$3,140,861$8,303,837
56$10,728,107$4,265,196$3,186,427$9,007,280
57$11,760,842$4,412,659$3,231,641$9,778,648
58$12,896,978$4,565,409$3,276,431$10,624,771
59$14,147,000$4,723,645$3,320,722$11,553,174
60$15,522,463$4,887,571$3,364,434$12,572,145
61$17,036,095$5,057,404$3,407,484$13,690,815
62$18,701,924$5,233,363$3,449,781$14,919,245
63$20,535,403$5,415,681$3,491,232$16,268,520
64$22,553,563$5,604,598$3,531,738$17,750,850
65$24,775,167$5,800,364$3,571,191$19,379,691
66$27,220,891$6,003,239$3,609,483$21,169,867
67$29,913,516$6,213,492$3,646,495$23,137,710
68$32,878,145$6,431,404$3,682,103$25,301,218
69$36,142,441$6,657,267$3,716,178$27,680,217
70$39,736,883$6,891,386$3,748,583$30,296,557
71$43,695,057$7,134,076$3,779,173$33,174,310
72$48,053,972$7,385,665$3,807,795$36,340,001
73$52,854,411$7,646,497$3,834,289$39,822,859
74$58,141,311$7,916,925$3,858,488$43,655,088
75$63,964,190$8,197,320$3,880,213$47,872,174
76$70,377,616$8,488,067$3,899,279$52,513,219
77$77,441,718$8,789,567$3,915,489$57,621,312
78$85,222,754$9,102,236$3,928,639$63,243,929
79$93,793,737$9,426,509$3,938,511$69,433,389
80$103,235,127$9,762,836$3,944,879$76,247,338
81$113,635,582$10,111,688$3,947,505$83,749,304
82$125,092,804$10,473,553$3,946,139$92,009,287
83$137,714,454$10,848,941$3,940,519$101,104,422
84$151,619,171$11,238,382$3,930,369$111,119,709
85$166,937,691$11,642,427$3,915,401$122,148,814
86$183,814,082$12,061,652$3,895,313$134,294,950
87$202,407,099$12,496,654$3,869,787$147,671,855
88$222,891,690$12,948,057$3,838,491$162,404,862
89$245,460,640$13,416,509$3,801,078$178,632,084
90$270,326,393$13,902,686$3,757,182$196,505,716
91$297,723,059$14,407,292$3,706,422$216,193,470
92$327,908,622$14,931,060$3,648,398$237,880,162
93$361,167,373$15,474,753$3,582,691$261,769,452
94$397,812,597$16,039,168$3,508,863$288,085,767
95$438,189,528$16,625,133$3,426,456$317,076,422
96$482,678,607$17,233,512$3,334,989$349,013,949
97$531,699,075$17,865,204$3,233,962$384,198,675
98$585,712,929$18,521,147$3,122,848$422,961,553
99$645,229,284$19,202,320$3,001,099$465,667,285
100$710,809,176$19,909,739$2,868,141$512,717,769