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%11.8%
1 years$196,538$194,788$193,080$191,412$189,785$188,352
2 years$97,296$95,484$93,728$92,025$90,374$88,929
3 years$64,220$62,400$60,648$58,961$57,337$55,925
4 years$47,685$45,871$44,136$42,478$40,893$39,525
5 years$37,766$35,963$34,252$32,627$31,086$29,766
6 years$31,156$29,367$27,680$26,092$24,597$23,327
7 years$26,437$24,662$23,003$21,452$20,004$18,784
8 years$22,899$21,140$19,508$17,996$16,596$15,426
9 years$20,148$18,406$16,802$15,328$13,976$12,856
10 years$17,949$16,224$14,649$13,213$11,908$10,837
11 years$16,151$14,443$12,896$11,499$10,241$9,219
12 years$14,654$12,964$11,445$10,086$8,875$7,900
13 years$13,388$11,715$10,226$8,905$7,739$6,811
14 years$12,304$10,649$9,188$7,905$6,784$5,901
15 years$11,365$9,728$8,295$7,050$5,973$5,134
16 years$10,544$8,925$7,521$6,312$5,279$4,483
17 years$9,821$8,220$6,844$5,671$4,681$3,926
18 years$9,179$7,595$6,247$5,111$4,162$3,448
19 years$8,605$7,039$5,719$4,618$3,710$3,034
20 years$8,089$6,541$5,249$4,183$3,314$2,675
21 years$7,623$6,093$4,828$3,796$2,965$2,363
22 years$7,199$5,688$4,450$3,452$2,658$2,090
23 years$6,814$5,319$4,108$3,143$2,386$1,851
24 years$6,460$4,984$3,800$2,867$2,145$1,641
25 years$6,136$4,677$3,519$2,618$1,930$1,457
26 years$5,837$4,396$3,264$2,394$1,738$1,294
27 years$5,561$4,137$3,031$2,191$1,567$1,150
28 years$5,305$3,898$2,818$2,008$1,414$1,023
29 years$5,066$3,678$2,622$1,841$1,277$911
30 years$4,845$3,473$2,442$1,690$1,154$811
31 years$4,638$3,283$2,277$1,552$1,043$723
32 years$4,444$3,107$2,124$1,426$944$644
33 years$4,262$2,942$1,983$1,311$854$575
34 years$4,092$2,788$1,853$1,207$773$513
35 years$3,931$2,645$1,733$1,111$700$457
36 years$3,780$2,510$1,621$1,023$634$408
37 years$3,637$2,384$1,517$943$575$364
38 years$3,502$2,266$1,421$869$521$325
39 years$3,375$2,155$1,331$801$473$291
40 years$3,254$2,050$1,248$739$429$260
41 years$3,139$1,951$1,170$682$389$232
42 years$3,030$1,858$1,097$629$353$207
43 years$2,926$1,771$1,030$581$320$185
44 years$2,828$1,688$967$536$291$165
45 years$2,734$1,609$908$495$264$148
46 years$2,644$1,535$852$457$240$132
47 years$2,559$1,465$801$423$218$118
48 years$2,477$1,399$753$391$198$106
49 years$2,399$1,336$707$361$180$94
50 years$2,324$1,276$665$334$163$84

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 $5,185 every year, while hoping to spend $22,963 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: 29/45/26 Blend
39$2,380,000$2,380,000$2,380,000$2,380,000
40$2,628,108$2,501,968$2,465,078$2,683,013
41$2,871,743$2,600,132$2,523,226$2,824,634
42$3,139,459$2,702,337$2,582,552$2,974,424
43$3,433,687$2,808,755$2,643,072$3,134,999
44$3,757,109$2,919,569$2,704,800$3,307,304
45$4,112,674$3,034,969$2,767,751$3,492,377
46$4,503,636$3,155,152$2,831,940$3,691,354
47$4,933,578$3,280,325$2,897,380$3,905,481
48$5,406,446$3,410,704$2,964,086$4,136,126
49$5,926,591$3,546,516$3,032,070$4,384,790
50$6,498,804$3,687,996$3,101,346$4,653,118
51$7,128,366$3,835,391$3,171,924$4,942,918
52$7,821,093$3,988,959$3,243,818$5,256,173
53$8,583,396$4,148,970$3,317,037$5,595,063
54$9,422,337$4,315,704$3,391,593$5,961,980
55$10,345,699$4,489,457$3,467,494$6,359,553
56$11,362,055$4,670,535$3,544,750$6,790,669
57$12,480,854$4,859,261$3,623,369$7,258,502
58$13,712,507$5,055,970$3,703,357$7,766,540
59$15,068,484$5,261,014$3,784,721$8,318,617
60$16,561,426$5,474,760$3,867,465$8,918,945
61$18,205,260$5,697,593$3,951,594$9,572,160
62$20,015,335$5,929,913$4,037,111$10,283,356
63$22,008,561$6,172,140$4,124,016$11,058,136
64$24,203,573$6,424,714$4,212,310$11,902,663
65$26,620,906$6,688,094$4,301,991$12,823,715
66$29,283,187$6,962,759$4,393,056$13,828,750
67$32,215,350$7,249,211$4,485,500$14,925,972
68$35,444,869$7,547,976$4,579,318$16,124,408
69$39,002,021$7,859,603$4,674,501$17,433,990
70$42,920,168$8,184,665$4,771,038$18,865,648
71$47,236,075$8,523,763$4,868,918$20,431,412
72$51,990,253$8,877,525$4,968,124$22,144,521
73$57,227,344$9,246,609$5,068,642$24,019,549
74$62,996,542$9,631,702$5,170,450$26,072,534
75$69,352,057$10,033,523$5,273,528$28,321,136
76$76,353,625$10,452,823$5,377,849$30,784,794
77$84,067,074$10,890,391$5,483,386$33,484,908
78$92,564,944$11,347,049$5,590,108$36,445,042
79$101,927,172$11,823,659$5,697,981$39,691,139
80$112,241,847$12,321,121$5,806,967$43,251,766
81$123,606,039$12,840,379$5,917,023$47,158,380
82$136,126,717$13,382,420$6,028,106$51,445,618
83$149,921,760$13,948,276$6,140,165$56,151,627
84$165,121,066$14,539,028$6,253,147$61,318,416
85$181,867,780$15,155,806$6,366,993$66,992,249
86$200,319,647$15,799,794$6,481,641$73,224,080
87$220,650,497$16,472,230$6,597,022$80,070,028
88$243,051,888$17,174,410$6,713,062$87,591,903
89$267,734,915$17,907,691$6,829,685$95,857,787
90$294,932,201$18,673,491$6,946,803$104,942,668
91$324,900,092$19,473,299$7,064,327$114,929,148
92$357,921,079$20,308,668$7,182,160$125,908,213
93$394,306,463$21,181,228$7,300,197$137,980,090
94$434,399,297$22,092,682$7,418,328$151,255,185
95$478,577,617$23,044,815$7,536,433$165,855,123
96$527,258,017$24,039,495$7,654,387$181,913,888
97$580,899,581$25,078,676$7,772,056$199,579,079
98$640,008,214$26,164,407$7,889,296$219,013,302
99$705,141,420$27,298,830$8,005,954$240,395,696
100$776,913,561$28,484,190$8,121,871$263,923,614