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

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 $2,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$196,538$194,788$193,080$191,412$189,785$182,183
2 years$97,296$95,484$93,728$92,025$90,374$82,810
3 years$64,220$62,400$60,648$58,961$57,337$50,050
4 years$47,685$45,871$44,136$42,478$40,893$33,939
5 years$37,766$35,963$34,252$32,627$31,086$24,482
6 years$31,156$29,367$27,680$26,092$24,597$18,347
7 years$26,437$24,662$23,003$21,452$20,004$14,105
8 years$22,899$21,140$19,508$17,996$16,596$11,042
9 years$20,148$18,406$16,802$15,328$13,976$8,759
10 years$17,949$16,224$14,649$13,213$11,908$7,018
11 years$16,151$14,443$12,896$11,499$10,241$5,667
12 years$14,654$12,964$11,445$10,086$8,875$4,603
13 years$13,388$11,715$10,226$8,905$7,739$3,757
14 years$12,304$10,649$9,188$7,905$6,784$3,078
15 years$11,365$9,728$8,295$7,050$5,973$2,529
16 years$10,544$8,925$7,521$6,312$5,279$2,083
17 years$9,821$8,220$6,844$5,671$4,681$1,720
18 years$9,179$7,595$6,247$5,111$4,162$1,422
19 years$8,605$7,039$5,719$4,618$3,710$1,177
20 years$8,089$6,541$5,249$4,183$3,314$976
21 years$7,623$6,093$4,828$3,796$2,965$810
22 years$7,199$5,688$4,450$3,452$2,658$672
23 years$6,814$5,319$4,108$3,143$2,386$558
24 years$6,460$4,984$3,800$2,867$2,145$464
25 years$6,136$4,677$3,519$2,618$1,930$386
26 years$5,837$4,396$3,264$2,394$1,738$321
27 years$5,561$4,137$3,031$2,191$1,567$267
28 years$5,305$3,898$2,818$2,008$1,414$222
29 years$5,066$3,678$2,622$1,841$1,277$185
30 years$4,845$3,473$2,442$1,690$1,154$154
31 years$4,638$3,283$2,277$1,552$1,043$128
32 years$4,444$3,107$2,124$1,426$944$107
33 years$4,262$2,942$1,983$1,311$854$89
34 years$4,092$2,788$1,853$1,207$773$74
35 years$3,931$2,645$1,733$1,111$700$62
36 years$3,780$2,510$1,621$1,023$634$51
37 years$3,637$2,384$1,517$943$575$43
38 years$3,502$2,266$1,421$869$521$36
39 years$3,375$2,155$1,331$801$473$30
40 years$3,254$2,050$1,248$739$429$25
41 years$3,139$1,951$1,170$682$389$21
42 years$3,030$1,858$1,097$629$353$17
43 years$2,926$1,771$1,030$581$320$14
44 years$2,828$1,688$967$536$291$12
45 years$2,734$1,609$908$495$264$10
46 years$2,644$1,535$852$457$240$8
47 years$2,559$1,465$801$423$218$7
48 years$2,477$1,399$753$391$198$6
49 years$2,399$1,336$707$361$180$5
50 years$2,324$1,276$665$334$163$4

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 $5,356 every year, while hoping to spend $36,826 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: 61/33/6 Blend
39$2,380,000$2,380,000$2,380,000$2,380,000
40$2,628,285$2,502,145$2,465,255$2,785,379
41$2,857,187$2,585,567$2,508,658$2,974,416
42$3,108,203$2,671,843$2,552,281$3,175,825
43$3,383,550$2,761,074$2,596,093$3,394,627
44$3,685,669$2,853,363$2,640,059$3,632,497
45$4,017,250$2,948,820$2,684,143$3,891,279
46$4,381,254$3,047,557$2,728,307$4,173,000
47$4,780,946$3,149,691$2,772,509$4,479,894
48$5,219,919$3,255,343$2,816,705$4,814,414
49$5,702,134$3,364,638$2,860,848$5,179,264
50$6,231,953$3,477,707$2,904,888$5,577,418
51$6,814,183$3,594,685$2,948,771$6,012,151
52$7,454,116$3,715,711$2,992,442$6,487,066
53$8,157,587$3,840,932$3,035,840$7,006,132
54$8,931,021$3,970,498$3,078,901$7,573,715
55$9,781,498$4,104,565$3,121,557$8,194,627
56$10,716,819$4,243,296$3,163,737$8,874,161
57$11,745,576$4,386,860$3,205,364$9,618,150
58$12,877,240$4,535,431$3,246,359$10,433,013
59$14,122,243$4,689,191$3,286,636$11,325,821
60$15,492,078$4,848,328$3,326,105$12,304,361
61$16,999,412$5,013,038$3,364,671$13,377,209
62$18,658,199$5,183,524$3,402,235$14,553,810
63$20,483,815$5,359,996$3,438,689$15,844,566
64$22,493,202$5,542,674$3,473,923$17,260,934
65$24,705,027$5,731,784$3,507,818$18,815,536
66$27,139,861$5,927,562$3,540,251$20,522,273
67$29,820,367$6,130,253$3,571,090$22,396,456
68$32,771,521$6,340,112$3,600,198$24,454,955
69$36,020,841$6,557,402$3,627,429$26,716,350
70$39,598,650$6,782,398$3,652,631$29,201,111
71$43,538,362$7,015,386$3,675,644$31,931,788
72$47,876,795$7,256,659$3,696,298$34,933,223
73$52,654,520$7,506,528$3,714,416$38,232,786
74$57,916,243$7,765,309$3,729,811$41,860,626
75$63,711,227$8,033,337$3,742,287$45,849,963
76$70,093,756$8,310,955$3,751,638$50,237,395
77$77,123,649$8,598,522$3,757,648$55,063,243
78$84,866,822$8,896,410$3,760,089$60,371,933
79$93,395,910$9,205,006$3,758,724$66,212,411
80$102,790,954$9,524,712$3,753,303$72,638,607
81$113,140,155$9,855,947$3,743,563$79,709,939
82$124,540,707$10,199,145$3,729,228$87,491,877
83$137,099,714$10,554,758$3,710,012$96,056,558
84$150,935,199$10,923,255$3,685,612$105,483,462
85$166,177,220$11,305,125$3,655,710$115,860,167
86$182,969,096$11,700,875$3,619,976$127,283,171
87$201,468,759$12,111,034$3,578,061$139,858,802
88$221,850,248$12,536,150$3,529,601$153,704,217
89$244,305,347$12,976,795$3,474,217$168,948,513
90$269,045,397$13,433,562$3,411,507$185,733,940
91$296,303,290$13,907,070$3,341,055$204,217,239
92$326,335,669$14,397,959$3,262,424$224,571,129
93$359,425,348$14,906,900$3,175,156$246,985,924
94$395,883,983$15,434,588$3,078,773$271,671,338
95$436,055,012$15,981,745$2,972,775$298,858,457
96$480,316,898$16,549,126$2,856,637$328,801,920
97$529,086,701$17,137,512$2,729,814$361,782,321
98$582,824,014$17,747,721$2,591,733$398,108,855
99$642,035,304$18,380,599$2,441,796$438,122,235
100$707,278,687$19,037,030$2,279,378$482,197,907