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

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 $2,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$195,712$193,969$192,268$190,608$188,987$184,418
2 years$96,887$95,083$93,334$91,639$89,994$85,418
3 years$63,950$62,138$60,393$58,714$57,096$52,657
4 years$47,484$45,678$43,951$42,300$40,721$36,453
5 years$37,608$35,812$34,108$32,490$30,956$26,869
6 years$31,025$29,243$27,564$25,983$24,494$20,594
7 years$26,326$24,558$22,906$21,362$19,920$16,207
8 years$22,802$21,051$19,426$17,920$16,526$12,998
9 years$20,064$18,329$16,732$15,264$13,917$10,572
10 years$17,874$16,156$14,587$13,158$11,858$8,692
11 years$16,083$14,383$12,842$11,451$10,198$7,206
12 years$14,592$12,909$11,397$10,044$8,838$6,015
13 years$13,332$11,666$10,183$8,867$7,707$5,048
14 years$12,252$10,604$9,149$7,872$6,756$4,255
15 years$11,317$9,687$8,260$7,020$5,948$3,599
16 years$10,500$8,888$7,489$6,286$5,257$3,054
17 years$9,780$8,185$6,815$5,648$4,661$2,598
18 years$9,140$7,564$6,221$5,090$4,145$2,215
19 years$8,569$7,010$5,695$4,599$3,694$1,891
20 years$8,055$6,514$5,227$4,165$3,300$1,618
21 years$7,591$6,067$4,808$3,780$2,953$1,385
22 years$7,169$5,664$4,431$3,437$2,647$1,187
23 years$6,785$5,297$4,091$3,130$2,376$1,019
24 years$6,433$4,963$3,784$2,855$2,136$875
25 years$6,110$4,658$3,504$2,607$1,922$752
26 years$5,813$4,377$3,250$2,384$1,731$646
27 years$5,537$4,120$3,018$2,182$1,561$556
28 years$5,282$3,882$2,806$1,999$1,408$479
29 years$5,045$3,662$2,611$1,833$1,272$412
30 years$4,824$3,458$2,432$1,683$1,149$355
31 years$4,618$3,269$2,267$1,545$1,039$306
32 years$4,425$3,094$2,115$1,420$940$263
33 years$4,244$2,930$1,975$1,306$850$227
34 years$4,074$2,777$1,845$1,202$770$196
35 years$3,915$2,634$1,725$1,106$697$169
36 years$3,764$2,500$1,614$1,019$632$145
37 years$3,622$2,374$1,511$939$573$125
38 years$3,488$2,256$1,415$865$519$108
39 years$3,361$2,145$1,325$798$471$93
40 years$3,240$2,041$1,242$736$427$80
41 years$3,126$1,943$1,165$679$387$69
42 years$3,017$1,851$1,093$626$352$60
43 years$2,914$1,763$1,025$578$319$52
44 years$2,816$1,681$963$534$290$44
45 years$2,722$1,603$904$493$263$38
46 years$2,633$1,529$849$456$239$33
47 years$2,548$1,459$797$421$217$29
48 years$2,466$1,393$749$389$197$25
49 years$2,388$1,330$704$359$179$21
50 years$2,314$1,271$662$332$162$18

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 $3,121 every year, while hoping to spend $20,886 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: 54/31/15 Blend
39$2,370,000$2,370,000$2,370,000$2,370,000
40$2,614,959$2,489,349$2,452,614$2,745,596
41$2,859,463$2,589,105$2,512,554$2,934,742
42$3,128,205$2,693,048$2,573,802$3,138,014
43$3,423,638$2,801,363$2,636,380$3,358,799
44$3,748,459$2,914,241$2,700,309$3,598,767
45$4,105,644$3,031,881$2,765,612$3,859,757
46$4,498,470$3,154,493$2,832,310$4,143,792
47$4,930,546$3,282,295$2,900,425$4,453,093
48$5,405,851$3,415,517$2,969,978$4,790,106
49$5,928,768$3,554,397$3,040,992$5,157,520
50$6,504,124$3,699,185$3,113,488$5,558,292
51$7,137,242$3,850,142$3,187,486$5,995,679
52$7,833,983$4,007,541$3,263,010$6,473,260
53$8,600,807$4,171,668$3,340,078$6,994,976
54$9,444,832$4,342,822$3,418,713$7,565,163
55$10,373,899$4,521,315$3,498,935$8,188,592
56$11,396,651$4,707,474$3,580,763$8,870,514
57$12,522,608$4,901,639$3,664,218$9,616,711
58$13,762,264$5,104,169$3,749,318$10,433,545
59$15,127,178$5,315,437$3,836,084$11,328,021
60$16,630,090$5,535,833$3,924,533$12,307,849
61$18,285,038$5,765,767$4,014,683$13,381,518
62$20,107,488$6,005,666$4,106,552$14,558,374
63$22,114,486$6,255,978$4,200,155$15,848,710
64$24,324,813$6,517,170$4,295,510$17,263,854
65$26,759,164$6,789,732$4,392,630$18,816,286
66$29,440,346$7,074,176$4,491,530$20,519,745
67$32,393,488$7,371,038$4,592,223$22,389,362
68$35,646,283$7,680,877$4,694,722$24,441,800
69$39,229,246$8,004,282$4,799,037$26,695,411
70$43,176,003$8,341,866$4,905,178$29,170,406
71$47,523,608$8,694,270$5,013,155$31,889,046
72$52,312,895$9,062,168$5,122,973$34,875,849
73$57,588,857$9,446,261$5,234,640$38,157,821
74$63,401,079$9,847,287$5,348,159$41,764,708
75$69,804,200$10,266,015$5,463,533$45,729,276
76$76,858,430$10,703,251$5,580,763$50,087,617
77$84,630,118$11,159,839$5,699,847$54,879,488
78$93,192,381$11,636,661$5,820,783$60,148,686
79$102,625,789$12,134,643$5,943,565$65,943,458
80$113,019,131$12,654,752$6,068,185$72,316,952
81$124,470,246$13,197,999$6,194,633$79,327,720
82$137,086,955$13,765,445$6,322,898$87,040,265
83$150,988,072$14,358,199$6,452,962$95,525,651
84$166,304,528$14,977,423$6,584,809$104,862,166
85$183,180,606$15,624,332$6,718,416$115,136,063
86$201,775,303$16,300,201$6,853,758$126,442,369
87$222,263,834$17,006,360$6,990,809$138,885,779
88$244,839,279$17,744,206$7,129,535$152,581,641
89$269,714,413$18,515,199$7,269,902$167,657,041
90$297,123,708$19,320,869$7,411,869$184,252,002
91$327,325,552$20,162,817$7,555,392$202,520,799
92$360,604,683$21,042,720$7,700,423$222,633,413
93$397,274,882$21,962,334$7,846,907$244,777,129
94$437,681,929$22,923,498$7,994,788$269,158,305
95$482,206,872$23,928,136$8,144,000$296,004,311
96$531,269,624$24,978,266$8,294,475$325,565,673
97$585,332,922$26,075,997$8,446,137$358,118,434
98$644,906,702$27,223,543$8,598,904$393,966,751
99$710,552,906$28,423,217$8,752,688$433,445,765
100$782,890,793$29,677,445$8,907,393$476,924,759