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%15.4%
1 years$196,538$194,788$193,080$191,412$189,785$185,574
2 years$97,296$95,484$93,728$92,025$90,374$86,153
3 years$64,220$62,400$60,648$58,961$57,337$53,238
4 years$47,685$45,871$44,136$42,478$40,893$36,948
5 years$37,766$35,963$34,252$32,627$31,086$27,306
6 years$31,156$29,367$27,680$26,092$24,597$20,986
7 years$26,437$24,662$23,003$21,452$20,004$16,563
8 years$22,899$21,140$19,508$17,996$16,596$13,322
9 years$20,148$18,406$16,802$15,328$13,976$10,868
10 years$17,949$16,224$14,649$13,213$11,908$8,963
11 years$16,151$14,443$12,896$11,499$10,241$7,455
12 years$14,654$12,964$11,445$10,086$8,875$6,243
13 years$13,388$11,715$10,226$8,905$7,739$5,256
14 years$12,304$10,649$9,188$7,905$6,784$4,446
15 years$11,365$9,728$8,295$7,050$5,973$3,774
16 years$10,544$8,925$7,521$6,312$5,279$3,214
17 years$9,821$8,220$6,844$5,671$4,681$2,744
18 years$9,179$7,595$6,247$5,111$4,162$2,348
19 years$8,605$7,039$5,719$4,618$3,710$2,012
20 years$8,089$6,541$5,249$4,183$3,314$1,727
21 years$7,623$6,093$4,828$3,796$2,965$1,485
22 years$7,199$5,688$4,450$3,452$2,658$1,278
23 years$6,814$5,319$4,108$3,143$2,386$1,101
24 years$6,460$4,984$3,800$2,867$2,145$949
25 years$6,136$4,677$3,519$2,618$1,930$819
26 years$5,837$4,396$3,264$2,394$1,738$707
27 years$5,561$4,137$3,031$2,191$1,567$610
28 years$5,305$3,898$2,818$2,008$1,414$527
29 years$5,066$3,678$2,622$1,841$1,277$456
30 years$4,845$3,473$2,442$1,690$1,154$394
31 years$4,638$3,283$2,277$1,552$1,043$341
32 years$4,444$3,107$2,124$1,426$944$295
33 years$4,262$2,942$1,983$1,311$854$255
34 years$4,092$2,788$1,853$1,207$773$221
35 years$3,931$2,645$1,733$1,111$700$191
36 years$3,780$2,510$1,621$1,023$634$166
37 years$3,637$2,384$1,517$943$575$143
38 years$3,502$2,266$1,421$869$521$124
39 years$3,375$2,155$1,331$801$473$108
40 years$3,254$2,050$1,248$739$429$93
41 years$3,139$1,951$1,170$682$389$81
42 years$3,030$1,858$1,097$629$353$70
43 years$2,926$1,771$1,030$581$320$61
44 years$2,828$1,688$967$536$291$52
45 years$2,734$1,609$908$495$264$45
46 years$2,644$1,535$852$457$240$39
47 years$2,559$1,465$801$423$218$34
48 years$2,477$1,399$753$391$198$30
49 years$2,399$1,336$707$361$180$26
50 years$2,324$1,276$665$334$163$22

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 $4,096 every year, while hoping to spend $22,135 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: 72/14/14 Blend
39$2,380,000$2,380,000$2,380,000$2,380,000
40$2,626,985$2,500,845$2,463,955$2,807,780
41$2,871,386$2,599,835$2,522,946$3,027,131
42$3,139,974$2,702,934$2,583,171$3,264,158
43$3,435,193$2,810,319$2,644,649$3,523,127
44$3,759,735$2,922,176$2,707,397$3,806,205
45$4,116,565$3,038,701$2,771,433$4,115,776
46$4,508,953$3,160,095$2,836,774$4,454,465
47$4,940,498$3,286,572$2,903,437$4,825,164
48$5,415,167$3,418,352$2,971,440$5,231,054
49$5,937,330$3,555,667$3,040,800$5,675,639
50$6,511,803$3,698,761$3,111,532$6,162,779
51$7,143,892$3,847,885$3,183,653$6,696,722
52$7,839,442$4,003,304$3,257,179$7,282,149
53$8,604,895$4,165,296$3,332,124$7,924,213
54$9,447,348$4,334,149$3,408,504$8,628,589
55$10,374,620$4,510,165$3,486,332$9,401,529
56$11,395,330$4,693,661$3,565,622$10,249,918
57$12,518,970$4,884,967$3,646,386$11,181,341
58$13,756,003$5,084,428$3,728,638$12,204,150
59$15,117,956$5,292,406$3,812,389$13,327,546
60$16,617,532$5,509,279$3,897,648$14,561,666
61$18,268,727$5,735,440$3,984,427$15,917,675
62$20,086,965$5,971,305$4,072,733$17,407,871
63$22,089,241$6,217,304$4,162,574$19,045,803
64$24,294,280$6,473,888$4,253,958$20,846,399
65$26,722,720$6,741,532$4,346,888$22,826,101
66$29,397,299$7,020,729$4,441,370$25,003,025
67$32,343,074$7,311,995$4,537,407$27,397,129
68$35,587,656$7,615,871$4,634,999$30,030,399
69$39,161,472$7,932,924$4,734,146$32,927,061
70$43,098,049$8,263,744$4,834,847$36,113,804
71$47,434,334$8,608,951$4,937,098$39,620,032
72$52,211,038$8,969,192$5,040,893$43,478,144
73$57,473,026$9,345,145$5,146,225$47,723,833
74$63,269,735$9,737,517$5,253,084$52,396,429
75$69,655,644$10,147,052$5,361,459$57,539,266
76$76,690,787$10,574,524$5,471,334$63,200,086
77$84,441,317$11,020,746$5,582,694$69,431,498
78$92,980,135$11,486,566$5,695,518$76,291,466
79$102,387,576$11,972,875$5,809,785$83,843,857
80$112,752,165$12,480,602$5,925,469$92,159,044
81$124,171,455$13,010,721$6,042,542$101,314,570
82$136,752,948$13,564,251$6,160,971$111,395,875
83$150,615,107$14,142,258$6,280,722$122,497,104
84$165,888,478$14,745,858$6,401,756$134,721,996
85$182,716,916$15,376,219$6,524,029$148,184,858
86$201,258,952$16,034,564$6,647,494$163,011,647
87$221,689,280$16,722,172$6,772,100$179,341,152
88$244,200,412$17,440,384$6,897,791$197,326,310
89$269,004,492$18,190,601$7,024,505$217,135,642
90$296,335,302$18,974,292$7,152,177$238,954,844
91$326,450,462$19,792,992$7,280,735$262,988,540
92$359,633,872$20,648,311$7,410,102$289,462,212
93$396,198,381$21,541,932$7,540,194$318,624,323
94$436,488,748$22,475,619$7,670,923$350,748,665
95$480,884,895$23,451,219$7,802,193$386,136,940
96$529,805,488$24,470,662$7,933,901$425,121,604
97$583,711,897$25,535,975$8,065,936$468,069,009
98$643,112,547$26,649,274$8,198,181$515,382,852
99$708,567,718$27,812,779$8,330,511$567,507,991
100$780,694,833$29,028,813$8,462,791$624,934,637