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%14.9%
1 years$197,364$195,606$193,891$192,217$190,582$186,734
2 years$97,705$95,885$94,122$92,412$90,753$86,893
3 years$64,490$62,662$60,903$59,209$57,578$53,826
4 years$47,885$46,063$44,322$42,657$41,065$37,451
5 years$37,925$36,114$34,396$32,765$31,217$27,750
6 years$31,287$29,490$27,797$26,202$24,701$21,386
7 years$26,548$24,766$23,099$21,542$20,088$16,926
8 years$22,995$21,229$19,590$18,071$16,665$13,654
9 years$20,233$18,483$16,873$15,393$14,035$11,172
10 years$18,025$16,292$14,710$13,269$11,958$9,242
11 years$16,219$14,504$12,951$11,548$10,284$7,711
12 years$14,715$13,018$11,493$10,129$8,912$6,479
13 years$13,444$11,764$10,268$8,942$7,772$5,473
14 years$12,355$10,694$9,226$7,938$6,813$4,645
15 years$11,413$9,769$8,330$7,079$5,998$3,957
16 years$10,589$8,963$7,552$6,339$5,301$3,381
17 years$9,862$8,254$6,872$5,695$4,701$2,897
18 years$9,217$7,627$6,274$5,133$4,180$2,488
19 years$8,641$7,069$5,743$4,638$3,725$2,141
20 years$8,123$6,569$5,271$4,200$3,327$1,845
21 years$7,655$6,119$4,848$3,812$2,978$1,592
22 years$7,230$5,711$4,468$3,466$2,669$1,375
23 years$6,842$5,342$4,126$3,157$2,396$1,189
24 years$6,488$5,005$3,816$2,879$2,154$1,029
25 years$6,162$4,697$3,534$2,629$1,938$891
26 years$5,862$4,414$3,278$2,404$1,746$773
27 years$5,584$4,154$3,044$2,201$1,574$670
28 years$5,327$3,915$2,829$2,016$1,420$581
29 years$5,088$3,693$2,633$1,849$1,282$505
30 years$4,865$3,488$2,453$1,697$1,159$438
31 years$4,657$3,297$2,286$1,558$1,047$381
32 years$4,463$3,120$2,133$1,432$948$331
33 years$4,280$2,954$1,992$1,317$858$287
34 years$4,109$2,800$1,861$1,212$776$250
35 years$3,948$2,656$1,740$1,115$703$217
36 years$3,796$2,521$1,628$1,027$637$189
37 years$3,653$2,394$1,523$947$577$164
38 years$3,517$2,275$1,427$872$524$143
39 years$3,389$2,164$1,337$804$475$124
40 years$3,268$2,058$1,253$742$431$108
41 years$3,152$1,959$1,175$685$391$94
42 years$3,043$1,866$1,102$632$354$82
43 years$2,939$1,778$1,034$583$322$71
44 years$2,840$1,695$971$538$292$62
45 years$2,745$1,616$911$497$265$54
46 years$2,655$1,542$856$459$241$47
47 years$2,569$1,471$804$424$219$41
48 years$2,487$1,405$756$392$198$35
49 years$2,409$1,341$710$362$180$31
50 years$2,333$1,281$668$335$164$27

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 $5,504 every year, while hoping to spend $31,826 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: 60/26/14 Blend
39$2,390,000$2,390,000$2,390,000$2,390,000
40$2,639,457$2,512,787$2,475,742$2,788,316
41$2,874,819$2,602,051$2,524,817$2,978,492
42$3,133,122$2,694,623$2,574,469$3,181,798
43$3,416,671$2,790,630$2,624,684$3,402,817
44$3,728,006$2,890,206$2,675,447$3,643,265
45$4,069,928$2,993,491$2,726,739$3,905,027
46$4,445,518$3,100,629$2,778,542$4,190,178
47$4,858,172$3,211,772$2,830,835$4,501,003
48$5,311,633$3,327,075$2,883,595$4,840,014
49$5,810,021$3,446,703$2,936,797$5,209,977
50$6,357,877$3,570,826$2,990,414$5,613,939
51$6,960,205$3,699,621$3,044,417$6,055,250
52$7,622,516$3,833,273$3,098,775$6,537,601
53$8,350,882$3,971,972$3,153,453$7,065,055
54$9,151,994$4,115,921$3,208,416$7,642,085
55$10,033,223$4,265,327$3,263,623$8,273,616
56$11,002,691$4,420,406$3,319,034$8,965,071
57$12,069,345$4,581,387$3,374,602$9,722,423
58$13,243,047$4,748,503$3,430,279$10,552,248
59$14,534,659$4,922,001$3,486,015$11,461,788
60$15,956,151$5,102,136$3,541,753$12,459,020
61$17,520,713$5,289,175$3,597,436$13,552,729
62$19,242,876$5,483,395$3,653,001$14,752,590
63$21,138,654$5,685,086$3,708,381$16,069,262
64$23,225,691$5,894,550$3,763,506$17,514,482
65$25,523,430$6,112,100$3,818,301$19,101,181
66$28,053,292$6,338,065$3,872,687$20,843,601
67$30,838,883$6,572,787$3,926,578$22,757,432
68$33,906,217$6,816,620$3,979,885$24,859,956
69$37,283,953$7,069,937$4,032,514$27,170,214
70$41,003,677$7,333,125$4,084,364$29,709,180
71$45,100,191$7,606,587$4,135,329$32,499,959
72$49,611,845$7,890,744$4,185,297$35,568,008
73$54,580,897$8,186,034$4,234,148$38,941,370
74$60,053,915$8,492,917$4,281,759$42,650,944
75$66,082,213$8,811,868$4,327,996$46,730,768
76$72,722,335$9,143,385$4,372,720$51,218,347
77$80,036,591$9,487,989$4,415,784$56,155,000
78$88,093,643$9,846,221$4,457,033$61,586,252
79$96,969,155$10,218,646$4,496,303$67,562,261
80$106,746,502$10,605,853$4,533,423$74,138,293
81$117,517,563$11,008,458$4,568,211$81,375,240
82$129,383,585$11,427,102$4,600,476$89,340,193
83$142,456,136$11,862,456$4,630,018$98,107,076
84$156,858,164$12,315,218$4,656,625$107,757,341
85$172,725,150$12,786,118$4,680,076$118,380,737
86$190,206,394$13,275,916$4,700,137$130,076,154
87$209,466,419$13,785,408$4,716,564$142,952,557
88$230,686,523$14,315,423$4,729,098$157,130,009
89$254,066,496$14,866,826$4,737,471$172,740,808
90$279,826,499$15,440,521$4,741,396$189,930,732
91$308,209,147$16,037,451$4,740,578$208,860,410
92$339,481,796$16,658,603$4,734,704$229,706,844
93$373,939,068$17,305,003$4,723,445$252,665,070
94$411,905,630$17,977,725$4,706,458$277,950,002
95$453,739,262$18,677,892$4,683,382$305,798,459
96$499,834,232$19,406,673$4,653,840$336,471,393
97$550,625,015$20,165,292$4,617,436$370,256,360
98$606,590,401$20,955,026$4,573,754$407,470,221
99$668,258,007$21,777,208$4,522,360$448,462,139
100$736,209,265$22,633,231$4,462,800$493,616,871