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%
1 years$196,538$194,788$193,080$191,412$189,785$188,985
2 years$97,296$95,484$93,728$92,025$90,374$89,566
3 years$64,220$62,400$60,648$58,961$57,337$56,547
4 years$47,685$45,871$44,136$42,478$40,893$40,126
5 years$37,766$35,963$34,252$32,627$31,086$30,345
6 years$31,156$29,367$27,680$26,092$24,597$23,883
7 years$26,437$24,662$23,003$21,452$20,004$19,317
8 years$22,899$21,140$19,508$17,996$16,596$15,935
9 years$20,148$18,406$16,802$15,328$13,976$13,343
10 years$17,949$16,224$14,649$13,213$11,908$11,302
11 years$16,151$14,443$12,896$11,499$10,241$9,661
12 years$14,654$12,964$11,445$10,086$8,875$8,320
13 years$13,388$11,715$10,226$8,905$7,739$7,210
14 years$12,304$10,649$9,188$7,905$6,784$6,280
15 years$11,365$9,728$8,295$7,050$5,973$5,493
16 years$10,544$8,925$7,521$6,312$5,279$4,822
17 years$9,821$8,220$6,844$5,671$4,681$4,247
18 years$9,179$7,595$6,247$5,111$4,162$3,750
19 years$8,605$7,039$5,719$4,618$3,710$3,319
20 years$8,089$6,541$5,249$4,183$3,314$2,944
21 years$7,623$6,093$4,828$3,796$2,965$2,615
22 years$7,199$5,688$4,450$3,452$2,658$2,327
23 years$6,814$5,319$4,108$3,143$2,386$2,073
24 years$6,460$4,984$3,800$2,867$2,145$1,850
25 years$6,136$4,677$3,519$2,618$1,930$1,652
26 years$5,837$4,396$3,264$2,394$1,738$1,476
27 years$5,561$4,137$3,031$2,191$1,567$1,321
28 years$5,305$3,898$2,818$2,008$1,414$1,183
29 years$5,066$3,678$2,622$1,841$1,277$1,059
30 years$4,845$3,473$2,442$1,690$1,154$950
31 years$4,638$3,283$2,277$1,552$1,043$852
32 years$4,444$3,107$2,124$1,426$944$764
33 years$4,262$2,942$1,983$1,311$854$686
34 years$4,092$2,788$1,853$1,207$773$616
35 years$3,931$2,645$1,733$1,111$700$553
36 years$3,780$2,510$1,621$1,023$634$497
37 years$3,637$2,384$1,517$943$575$447
38 years$3,502$2,266$1,421$869$521$402
39 years$3,375$2,155$1,331$801$473$361
40 years$3,254$2,050$1,248$739$429$325
41 years$3,139$1,951$1,170$682$389$292
42 years$3,030$1,858$1,097$629$353$263
43 years$2,926$1,771$1,030$581$320$237
44 years$2,828$1,688$967$536$291$213
45 years$2,734$1,609$908$495$264$192
46 years$2,644$1,535$852$457$240$172
47 years$2,559$1,465$801$423$218$155
48 years$2,477$1,399$753$391$198$140
49 years$2,399$1,336$707$361$180$126
50 years$2,324$1,276$665$334$163$113

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 $4,703 every year, while hoping to spend $34,830 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: 60/28/12 Blend
39$2,380,000$2,380,000$2,380,000$2,380,000
40$2,627,611$2,501,471$2,464,581$2,777,383
41$2,858,569$2,586,984$2,510,086$2,964,161
42$3,111,916$2,675,520$2,555,947$3,163,459
43$3,389,902$2,767,191$2,602,141$3,380,012
44$3,694,999$2,862,111$2,648,641$3,615,488
45$4,029,935$2,960,400$2,695,417$3,871,720
46$4,397,714$3,062,185$2,742,438$4,150,727
47$4,801,642$3,167,594$2,789,671$4,454,730
48$5,245,366$3,276,761$2,837,081$4,786,176
49$5,732,898$3,389,828$2,884,628$5,147,753
50$6,268,663$3,506,939$2,932,273$5,542,426
51$6,857,532$3,628,245$2,979,970$5,973,453
52$7,504,875$3,753,903$3,027,673$6,444,426
53$8,216,604$3,884,076$3,075,332$6,959,297
54$8,999,236$4,018,934$3,122,894$7,522,416
55$9,859,950$4,158,653$3,170,302$8,138,575
56$10,806,654$4,303,417$3,217,497$8,813,051
57$11,848,063$4,453,415$3,264,414$9,551,654
58$12,993,779$4,608,845$3,310,984$10,360,781
59$14,254,379$4,769,914$3,357,138$11,247,479
60$15,641,521$4,936,835$3,402,797$12,219,510
61$17,168,047$5,109,831$3,447,882$13,285,418
62$18,848,108$5,289,133$3,492,306$14,454,620
63$20,697,297$5,474,982$3,535,980$15,737,484
64$22,732,793$5,667,627$3,578,807$17,145,432
65$24,973,527$5,867,330$3,620,686$18,691,044
66$27,440,359$6,074,362$3,661,511$20,388,180
67$30,156,273$6,289,003$3,701,169$22,252,105
68$33,146,595$6,511,547$3,739,541$24,299,637
69$36,439,234$6,742,298$3,776,501$26,549,303
70$40,064,940$6,981,575$3,811,918$29,021,512
71$44,057,598$7,229,706$3,845,652$31,738,749
72$48,454,547$7,487,037$3,877,556$34,725,785
73$53,296,933$7,753,923$3,907,475$38,009,911
74$58,630,092$8,030,737$3,935,247$41,621,195
75$64,503,985$8,317,866$3,960,702$45,592,762
76$70,973,664$8,615,714$3,983,658$49,961,109
77$78,099,793$8,924,701$4,003,927$54,766,448
78$85,949,223$9,245,262$4,021,309$60,053,084
79$94,595,617$9,577,853$4,035,596$65,869,830
80$104,120,150$9,922,948$4,046,569$72,270,473
81$114,612,272$10,281,039$4,053,996$79,314,273
82$126,170,555$10,652,641$4,057,635$87,066,526
83$138,903,619$11,038,288$4,057,233$95,599,179
84$152,931,161$11,438,537$4,052,524$104,991,506
85$168,385,083$11,853,968$4,043,226$115,330,856
86$185,410,735$12,285,186$4,029,048$126,713,477
87$204,168,291$12,732,821$4,009,682$139,245,422
88$224,834,255$13,197,528$3,984,805$153,043,550
89$247,603,133$13,679,991$3,954,080$168,236,627
90$272,689,264$14,180,922$3,917,153$184,966,539
91$300,328,845$14,701,063$3,873,654$203,389,632
92$330,782,159$15,241,187$3,823,193$223,678,185
93$364,336,034$15,802,100$3,765,364$246,022,034
94$401,306,548$16,384,641$3,699,743$270,630,366
95$442,042,014$16,989,687$3,625,882$297,733,687
96$486,926,266$17,618,149$3,543,317$327,585,998
97$536,382,286$18,270,978$3,451,558$360,467,195
98$590,876,190$18,949,167$3,350,096$396,685,702
99$650,921,634$19,653,749$3,238,397$436,581,386
100$717,084,659$20,385,801$3,115,902$480,528,762