Can I retire at age 40 with 2,390,000?

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 $2,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$197,364$195,606$193,891$192,217$190,582$185,598
2 years$97,705$95,885$94,122$92,412$90,753$85,766
3 years$64,490$62,662$60,903$59,209$57,578$52,743
4 years$47,885$46,063$44,322$42,657$41,065$36,420
5 years$37,925$36,114$34,396$32,765$31,217$26,775
6 years$31,287$29,490$27,797$26,202$24,701$20,466
7 years$26,548$24,766$23,099$21,542$20,088$16,061
8 years$22,995$21,229$19,590$18,071$16,665$12,843
9 years$20,233$18,483$16,873$15,393$14,035$10,415
10 years$18,025$16,292$14,710$13,269$11,958$8,536
11 years$16,219$14,504$12,951$11,548$10,284$7,054
12 years$14,715$13,018$11,493$10,129$8,912$5,869
13 years$13,444$11,764$10,268$8,942$7,772$4,909
14 years$12,355$10,694$9,226$7,938$6,813$4,123
15 years$11,413$9,769$8,330$7,079$5,998$3,476
16 years$10,589$8,963$7,552$6,339$5,301$2,939
17 years$9,862$8,254$6,872$5,695$4,701$2,491
18 years$9,217$7,627$6,274$5,133$4,180$2,116
19 years$8,641$7,069$5,743$4,638$3,725$1,800
20 years$8,123$6,569$5,271$4,200$3,327$1,534
21 years$7,655$6,119$4,848$3,812$2,978$1,308
22 years$7,230$5,711$4,468$3,466$2,669$1,117
23 years$6,842$5,342$4,126$3,157$2,396$955
24 years$6,488$5,005$3,816$2,879$2,154$817
25 years$6,162$4,697$3,534$2,629$1,938$699
26 years$5,862$4,414$3,278$2,404$1,746$599
27 years$5,584$4,154$3,044$2,201$1,574$513
28 years$5,327$3,915$2,829$2,016$1,420$440
29 years$5,088$3,693$2,633$1,849$1,282$377
30 years$4,865$3,488$2,453$1,697$1,159$323
31 years$4,657$3,297$2,286$1,558$1,047$277
32 years$4,463$3,120$2,133$1,432$948$238
33 years$4,280$2,954$1,992$1,317$858$204
34 years$4,109$2,800$1,861$1,212$776$175
35 years$3,948$2,656$1,740$1,115$703$150
36 years$3,796$2,521$1,628$1,027$637$129
37 years$3,653$2,394$1,523$947$577$111
38 years$3,517$2,275$1,427$872$524$95
39 years$3,389$2,164$1,337$804$475$82
40 years$3,268$2,058$1,253$742$431$70
41 years$3,152$1,959$1,175$685$391$60
42 years$3,043$1,866$1,102$632$354$52
43 years$2,939$1,778$1,034$583$322$44
44 years$2,840$1,695$971$538$292$38
45 years$2,745$1,616$911$497$265$33
46 years$2,655$1,542$856$459$241$28
47 years$2,569$1,471$804$424$219$24
48 years$2,487$1,405$756$392$198$21
49 years$2,409$1,341$710$362$180$18
50 years$2,333$1,281$668$335$164$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,390,000, adding $6,978 every year, while hoping to spend $53,893 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: 45/35/20 Blend
39$2,390,000$2,390,000$2,390,000$2,390,000
40$2,640,978$2,514,308$2,477,263$2,744,337
41$2,853,016$2,580,167$2,502,909$2,883,470
42$3,084,875$2,647,447$2,527,609$3,028,382
43$3,338,522$2,716,161$2,551,273$3,184,415
44$3,616,118$2,786,320$2,573,807$3,352,626
45$3,920,046$2,857,934$2,595,114$3,534,180
46$4,252,931$2,931,013$2,615,090$3,730,359
47$4,617,660$3,005,563$2,633,626$3,942,578
48$5,017,416$3,081,590$2,650,608$4,172,393
49$5,455,704$3,159,099$2,665,914$4,421,517
50$5,936,381$3,238,090$2,679,418$4,691,839
51$6,463,700$3,318,565$2,690,986$4,985,440
52$7,042,342$3,400,519$2,700,479$5,304,613
53$7,677,465$3,483,949$2,707,749$5,651,881
54$8,374,750$3,568,846$2,712,642$6,030,029
55$9,140,455$3,655,199$2,714,996$6,442,122
56$9,981,473$3,742,996$2,714,640$6,891,538
57$10,905,399$3,832,219$2,711,396$7,382,001
58$11,920,598$3,922,846$2,705,077$7,917,613
59$13,036,288$4,014,854$2,695,486$8,502,896
60$14,262,621$4,108,214$2,682,416$9,142,830
61$15,610,785$4,202,893$2,665,653$9,842,908
62$17,093,102$4,298,851$2,644,970$10,609,179
63$18,723,151$4,396,048$2,620,129$11,448,313
64$20,515,892$4,494,434$2,590,882$12,367,659
65$22,487,806$4,593,954$2,556,970$13,375,318
66$24,657,052$4,694,548$2,518,119$14,480,215
67$27,043,641$4,796,150$2,474,045$15,692,191
68$29,669,615$4,898,684$2,424,449$17,022,088
69$32,559,266$5,002,070$2,369,018$18,481,857
70$35,739,357$5,106,217$2,307,425$20,084,671
71$39,239,376$5,211,027$2,239,330$21,845,046
72$43,091,818$5,316,393$2,164,373$23,778,983
73$47,332,485$5,422,198$2,082,181$25,904,116
74$52,000,827$5,528,314$1,992,362$28,239,882
75$57,140,314$5,634,603$1,894,508$30,807,702
76$62,798,843$5,740,916$1,788,192$33,631,185
77$69,029,194$5,847,090$1,672,965$36,736,353
78$75,889,524$5,952,949$1,548,361$40,151,887
79$83,443,917$6,058,306$1,413,894$43,909,394
80$91,762,989$6,162,955$1,269,051$48,043,715
81$100,924,551$6,266,678$1,113,302$52,593,244
82$111,014,348$6,369,237$946,090$57,600,302
83$122,126,862$6,470,380$766,835$63,111,530
84$134,366,208$6,569,835$574,929$69,178,332
85$147,847,112$6,667,308$369,741$75,857,366
86$162,695,999$6,762,487$150,608$83,211,072
87$179,052,179$6,855,037$0$91,308,271
88$197,069,167$6,944,600$0$100,242,574
89$216,916,128$7,030,792$0$110,115,265
90$238,779,476$7,113,203$0$120,986,460
91$262,864,628$7,191,396$0$132,957,865
92$289,397,951$7,264,904$0$146,141,562
93$318,628,887$7,333,230$0$160,661,066
94$350,832,318$7,395,843$0$176,652,495
95$386,311,153$7,452,177$0$194,265,852
96$425,399,187$7,501,631$0$213,666,445
97$468,464,257$7,543,564$0$235,036,447
98$515,911,706$7,577,293$0$258,576,616
99$568,188,213$7,602,094$0$284,508,192
100$625,786,010$7,617,195$0$313,074,990