Can I retire at age 40 with 2,380,000?

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 $2,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$196,538$194,788$193,080$191,412$189,785$184,449
2 years$97,296$95,484$93,728$92,025$90,374$85,039
3 years$64,220$62,400$60,648$58,961$57,337$52,170
4 years$47,685$45,871$44,136$42,478$40,893$35,933
5 years$37,766$35,963$34,252$32,627$31,086$26,348
6 years$31,156$29,367$27,680$26,092$24,597$20,084
7 years$26,437$24,662$23,003$21,452$20,004$15,717
8 years$22,899$21,140$19,508$17,996$16,596$12,531
9 years$20,148$18,406$16,802$15,328$13,976$10,131
10 years$17,949$16,224$14,649$13,213$11,908$8,277
11 years$16,151$14,443$12,896$11,499$10,241$6,819
12 years$14,654$12,964$11,445$10,086$8,875$5,654
13 years$13,388$11,715$10,226$8,905$7,739$4,713
14 years$12,304$10,649$9,188$7,905$6,784$3,946
15 years$11,365$9,728$8,295$7,050$5,973$3,315
16 years$10,544$8,925$7,521$6,312$5,279$2,792
17 years$9,821$8,220$6,844$5,671$4,681$2,358
18 years$9,179$7,595$6,247$5,111$4,162$1,995
19 years$8,605$7,039$5,719$4,618$3,710$1,691
20 years$8,089$6,541$5,249$4,183$3,314$1,436
21 years$7,623$6,093$4,828$3,796$2,965$1,220
22 years$7,199$5,688$4,450$3,452$2,658$1,038
23 years$6,814$5,319$4,108$3,143$2,386$883
24 years$6,460$4,984$3,800$2,867$2,145$753
25 years$6,136$4,677$3,519$2,618$1,930$642
26 years$5,837$4,396$3,264$2,394$1,738$547
27 years$5,561$4,137$3,031$2,191$1,567$467
28 years$5,305$3,898$2,818$2,008$1,414$399
29 years$5,066$3,678$2,622$1,841$1,277$340
30 years$4,845$3,473$2,442$1,690$1,154$291
31 years$4,638$3,283$2,277$1,552$1,043$248
32 years$4,444$3,107$2,124$1,426$944$212
33 years$4,262$2,942$1,983$1,311$854$181
34 years$4,092$2,788$1,853$1,207$773$155
35 years$3,931$2,645$1,733$1,111$700$132
36 years$3,780$2,510$1,621$1,023$634$113
37 years$3,637$2,384$1,517$943$575$97
38 years$3,502$2,266$1,421$869$521$83
39 years$3,375$2,155$1,331$801$473$71
40 years$3,254$2,050$1,248$739$429$61
41 years$3,139$1,951$1,170$682$389$52
42 years$3,030$1,858$1,097$629$353$44
43 years$2,926$1,771$1,030$581$320$38
44 years$2,828$1,688$967$536$291$32
45 years$2,734$1,609$908$495$264$28
46 years$2,644$1,535$852$457$240$24
47 years$2,559$1,465$801$423$218$20
48 years$2,477$1,399$753$391$198$17
49 years$2,399$1,336$707$361$180$15
50 years$2,324$1,276$665$334$163$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,380,000, adding $4,192 every year, while hoping to spend $57,750 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: 81/14/5 Blend
39$2,380,000$2,380,000$2,380,000$2,380,000
40$2,627,084$2,500,944$2,464,054$2,839,212
41$2,833,601$2,562,045$2,485,154$3,039,612
42$3,059,247$2,624,204$2,505,026$3,251,361
43$3,305,913$2,687,412$2,523,567$3,481,962
44$3,575,679$2,751,658$2,540,669$3,733,267
45$3,870,837$2,816,928$2,556,220$4,007,314
46$4,193,910$2,883,206$2,570,101$4,306,346
47$4,547,676$2,950,470$2,582,187$4,632,834
48$4,935,195$3,018,699$2,592,346$4,989,499
49$5,359,836$3,087,866$2,600,441$5,379,337
50$5,825,310$3,157,942$2,606,326$5,805,650
51$6,335,703$3,228,893$2,609,850$6,272,073
52$6,895,518$3,300,682$2,610,853$6,782,609
53$7,509,711$3,373,265$2,609,166$7,341,671
54$8,183,743$3,446,597$2,604,615$7,954,116
55$8,923,630$3,520,625$2,597,015$8,625,297
56$9,735,997$3,595,293$2,586,172$9,361,110
57$10,628,144$3,670,538$2,571,884$10,168,051
58$11,608,111$3,746,290$2,553,938$11,053,276
59$12,684,755$3,822,475$2,532,112$12,024,670
60$13,867,834$3,899,010$2,506,171$13,090,918
61$15,168,098$3,975,807$2,475,873$14,261,590
62$16,597,390$4,052,767$2,440,961$15,547,231
63$18,168,757$4,129,786$2,401,167$16,959,458
64$19,896,575$4,206,750$2,356,210$18,511,071
65$21,796,680$4,283,535$2,305,797$20,216,175
66$23,886,521$4,360,008$2,249,622$22,090,308
67$26,185,323$4,436,026$2,187,361$24,150,595
68$28,714,268$4,511,433$2,118,680$26,415,902
69$31,496,694$4,586,064$2,043,226$28,907,020
70$34,558,314$4,659,739$1,960,632$31,646,856
71$37,927,462$4,732,266$1,870,513$34,660,653
72$41,635,356$4,803,439$1,772,467$37,976,226
73$45,716,392$4,873,038$1,666,075$41,624,226
74$50,208,473$4,940,825$1,550,897$45,638,426
75$55,153,359$5,006,548$1,426,474$50,056,043
76$60,597,068$5,069,935$1,292,327$54,918,090
77$66,590,304$5,130,697$1,147,955$60,269,758
78$73,188,938$5,188,524$992,835$66,160,847
79$80,454,536$5,243,088$826,421$72,646,235
80$88,454,935$5,294,036$648,143$79,786,394
81$97,264,887$5,340,992$457,404$87,647,964
82$106,966,762$5,383,557$253,584$96,304,380
83$117,651,325$5,421,305$36,032$105,836,566
84$129,418,593$5,453,782$0$116,333,697
85$142,378,777$5,480,505$0$127,904,507
86$156,653,325$5,500,961$0$140,649,556
87$172,376,061$5,514,606$0$154,686,297
88$189,694,455$5,520,858$0$170,146,279
89$208,771,011$5,519,101$0$187,174,465
90$229,784,799$5,508,682$0$205,930,600
91$252,933,146$5,488,905$0$226,590,723
92$278,433,499$5,459,033$0$249,348,821
93$306,525,474$5,418,284$0$274,418,668
94$337,473,122$5,365,830$0$302,035,837
95$371,567,415$5,300,789$0$332,459,928
96$409,128,994$5,222,231$0$365,977,015
97$450,511,198$5,129,167$0$402,902,351
98$496,103,394$5,020,550$0$443,583,341
99$546,334,657$4,895,274$0$488,402,820
100$601,677,813$4,752,163$0$537,782,672