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%19.8%
1 years$197,364$195,606$193,891$192,217$190,582$183,093
2 years$97,705$95,885$94,122$92,412$90,753$83,300
3 years$64,490$62,662$60,903$59,209$57,578$50,394
4 years$47,885$46,063$44,322$42,657$41,065$34,206
5 years$37,925$36,114$34,396$32,765$31,217$24,701
6 years$31,287$29,490$27,797$26,202$24,701$18,532
7 years$26,548$24,766$23,099$21,542$20,088$14,264
8 years$22,995$21,229$19,590$18,071$16,665$11,179
9 years$20,233$18,483$16,873$15,393$14,035$8,879
10 years$18,025$16,292$14,710$13,269$11,958$7,123
11 years$16,219$14,504$12,951$11,548$10,284$5,759
12 years$14,715$13,018$11,493$10,129$8,912$4,684
13 years$13,444$11,764$10,268$8,942$7,772$3,828
14 years$12,355$10,694$9,226$7,938$6,813$3,141
15 years$11,413$9,769$8,330$7,079$5,998$2,585
16 years$10,589$8,963$7,552$6,339$5,301$2,132
17 years$9,862$8,254$6,872$5,695$4,701$1,763
18 years$9,217$7,627$6,274$5,133$4,180$1,460
19 years$8,641$7,069$5,743$4,638$3,725$1,210
20 years$8,123$6,569$5,271$4,200$3,327$1,005
21 years$7,655$6,119$4,848$3,812$2,978$835
22 years$7,230$5,711$4,468$3,466$2,669$694
23 years$6,842$5,342$4,126$3,157$2,396$578
24 years$6,488$5,005$3,816$2,879$2,154$481
25 years$6,162$4,697$3,534$2,629$1,938$401
26 years$5,862$4,414$3,278$2,404$1,746$334
27 years$5,584$4,154$3,044$2,201$1,574$278
28 years$5,327$3,915$2,829$2,016$1,420$232
29 years$5,088$3,693$2,633$1,849$1,282$193
30 years$4,865$3,488$2,453$1,697$1,159$161
31 years$4,657$3,297$2,286$1,558$1,047$135
32 years$4,463$3,120$2,133$1,432$948$112
33 years$4,280$2,954$1,992$1,317$858$94
34 years$4,109$2,800$1,861$1,212$776$78
35 years$3,948$2,656$1,740$1,115$703$65
36 years$3,796$2,521$1,628$1,027$637$54
37 years$3,653$2,394$1,523$947$577$45
38 years$3,517$2,275$1,427$872$524$38
39 years$3,389$2,164$1,337$804$475$32
40 years$3,268$2,058$1,253$742$431$26
41 years$3,152$1,959$1,175$685$391$22
42 years$3,043$1,866$1,102$632$354$18
43 years$2,939$1,778$1,034$583$322$15
44 years$2,840$1,695$971$538$292$13
45 years$2,745$1,616$911$497$265$11
46 years$2,655$1,542$856$459$241$9
47 years$2,569$1,471$804$424$219$7
48 years$2,487$1,405$756$392$198$6
49 years$2,409$1,341$710$362$180$5
50 years$2,333$1,281$668$335$164$4

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 $5,591 every year, while hoping to spend $48,084 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: 36/35/29 Blend
39$2,390,000$2,390,000$2,390,000$2,390,000
40$2,639,547$2,512,877$2,475,832$2,711,441
41$2,857,620$2,584,847$2,507,611$2,837,523
42$3,096,325$2,658,732$2,538,844$2,968,812
43$3,357,715$2,734,575$2,569,460$3,109,639
44$3,644,052$2,812,420$2,599,388$3,260,894
45$3,957,827$2,892,310$2,628,549$3,423,559
46$4,301,783$2,974,290$2,656,862$3,598,714
47$4,678,940$3,058,406$2,684,243$3,787,549
48$5,092,626$3,144,702$2,710,599$3,991,373
49$5,546,506$3,233,224$2,735,836$4,211,628
50$6,044,616$3,324,019$2,759,853$4,449,903
51$6,591,402$3,417,131$2,782,544$4,707,947
52$7,191,764$3,512,609$2,803,797$4,987,687
53$7,851,095$3,610,499$2,823,496$5,291,245
54$8,575,341$3,710,847$2,841,517$5,620,960
55$9,371,047$3,813,700$2,857,729$5,979,408
56$10,245,428$3,919,105$2,871,997$6,369,426
57$11,206,429$4,027,109$2,884,177$6,794,142
58$12,262,805$4,137,757$2,894,117$7,257,000
59$13,424,201$4,251,098$2,901,660$7,761,796
60$14,701,244$4,367,175$2,906,640$8,312,713
61$16,105,639$4,486,036$2,908,881$8,914,361
62$17,650,286$4,607,723$2,908,200$9,571,818
63$19,349,397$4,732,283$2,904,406$10,290,680
64$21,218,628$4,859,757$2,897,296$11,077,116
65$23,275,231$4,990,189$2,886,659$11,937,921
66$25,538,216$5,123,620$2,872,274$12,880,585
67$28,028,526$5,260,089$2,853,907$13,913,363
68$30,769,238$5,399,636$2,831,315$15,045,352
69$33,785,780$5,542,297$2,804,243$16,286,575
70$37,106,168$5,688,109$2,772,424$17,648,082
71$40,761,275$5,837,103$2,735,578$19,142,047
72$44,785,116$5,989,312$2,693,411$20,781,891
73$49,215,174$6,144,765$2,645,616$22,582,401
74$54,092,750$6,303,486$2,591,872$24,559,876
75$59,463,354$6,465,501$2,531,844$26,732,280
76$65,377,133$6,630,828$2,465,178$29,119,408
77$71,889,347$6,799,484$2,391,507$31,743,078
78$79,060,884$6,971,483$2,310,447$34,627,338
79$86,958,841$7,146,832$2,221,594$37,798,687
80$95,657,153$7,325,537$2,124,527$41,286,333
81$105,237,291$7,507,596$2,018,806$45,122,466
82$115,789,030$7,693,004$1,903,972$49,342,562
83$127,411,299$7,881,750$1,779,544$53,985,719
84$140,213,111$8,073,815$1,645,018$59,095,028
85$154,314,593$8,269,176$1,499,870$64,717,980
86$169,848,117$8,467,802$1,343,552$70,906,916
87$186,959,555$8,669,654$1,175,490$77,719,518
88$205,809,647$8,874,684$995,087$85,219,361
89$226,575,525$9,082,838$801,716$93,476,508
90$249,452,382$9,294,050$594,727$102,568,177
91$274,655,312$9,508,246$373,437$112,579,470
92$302,421,343$9,725,339$137,136$123,604,176
93$333,011,671$9,945,232$0$135,745,658
94$366,714,128$10,167,815$0$149,153,431
95$403,845,897$10,392,965$0$163,965,041
96$444,756,504$10,620,547$0$180,276,622
97$489,831,121$10,850,407$0$198,240,922
98$539,494,196$11,082,378$0$218,026,265
99$594,213,465$11,316,275$0$239,818,139
100$654,504,361$11,551,895$0$263,820,952