Can I retire at age 40 with 2,400,000?

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 $2,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$198,190$196,424$194,702$193,021$191,379$184,589
2 years$98,114$96,286$94,516$92,799$91,133$84,364
3 years$64,759$62,924$61,158$59,457$57,819$51,284
4 years$48,086$46,256$44,507$42,835$41,237$34,986
5 years$38,084$36,265$34,539$32,902$31,347$25,398
6 years$31,418$29,613$27,913$26,312$24,804$19,160
7 years$26,659$24,869$23,196$21,632$20,172$14,832
8 years$23,091$21,318$19,672$18,147$16,735$11,694
9 years$20,318$18,561$16,943$15,457$14,093$9,345
10 years$18,100$16,360$14,772$13,324$12,008$7,545
11 years$16,287$14,565$13,005$11,596$10,327$6,139
12 years$14,777$13,072$11,541$10,171$8,950$5,027
13 years$13,500$11,814$10,311$8,980$7,804$4,137
14 years$12,407$10,738$9,265$7,971$6,841$3,418
15 years$11,460$9,810$8,365$7,109$6,023$2,833
16 years$10,633$9,000$7,584$6,365$5,324$2,354
17 years$9,904$8,289$6,901$5,719$4,720$1,960
18 years$9,256$7,659$6,300$5,154$4,197$1,636
19 years$8,677$7,099$5,767$4,657$3,741$1,367
20 years$8,157$6,596$5,293$4,218$3,341$1,143
21 years$7,687$6,144$4,868$3,828$2,990$957
22 years$7,260$5,735$4,487$3,481$2,680$802
23 years$6,871$5,364$4,143$3,170$2,406$673
24 years$6,515$5,026$3,832$2,891$2,163$565
25 years$6,188$4,717$3,549$2,640$1,946$474
26 years$5,886$4,433$3,291$2,414$1,753$398
27 years$5,607$4,172$3,056$2,210$1,580$335
28 years$5,349$3,931$2,841$2,025$1,426$281
29 years$5,109$3,708$2,644$1,857$1,288$236
30 years$4,885$3,502$2,463$1,704$1,163$199
31 years$4,677$3,311$2,296$1,565$1,052$167
32 years$4,481$3,133$2,142$1,438$951$141
33 years$4,298$2,967$2,000$1,323$861$118
34 years$4,126$2,812$1,869$1,217$780$100
35 years$3,964$2,667$1,747$1,120$706$84
36 years$3,812$2,531$1,634$1,032$640$70
37 years$3,668$2,404$1,530$951$580$59
38 years$3,532$2,285$1,433$876$526$50
39 years$3,403$2,173$1,342$808$477$42
40 years$3,281$2,067$1,258$745$432$35
41 years$3,165$1,968$1,180$687$392$30
42 years$3,056$1,874$1,107$634$356$25
43 years$2,951$1,785$1,038$586$323$21
44 years$2,852$1,702$975$541$293$18
45 years$2,757$1,623$915$499$266$15
46 years$2,666$1,548$860$461$242$13
47 years$2,580$1,477$808$426$219$11
48 years$2,498$1,410$759$394$199$9
49 years$2,419$1,347$713$364$181$7
50 years$2,343$1,287$671$336$164$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,400,000, adding $4,154 every year, while hoping to spend $45,250 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: 57/17/26 Blend
39$2,400,000$2,400,000$2,400,000$2,400,000
40$2,649,085$2,521,885$2,484,685$2,781,061
41$2,871,146$2,597,312$2,519,776$2,947,369
42$3,114,340$2,674,918$2,554,526$3,123,420
43$3,380,777$2,754,762$2,588,876$3,314,366
44$3,672,776$2,836,905$2,622,764$3,521,658
45$3,992,894$2,921,409$2,656,121$3,746,895
46$4,343,948$3,008,336$2,688,880$3,991,839
47$4,729,038$3,097,752$2,720,965$4,258,430
48$5,151,580$3,189,723$2,752,298$4,548,804
49$5,615,338$3,284,315$2,782,796$4,865,314
50$6,124,455$3,381,599$2,812,372$5,210,553
51$6,683,497$3,481,646$2,840,935$5,587,377
52$7,297,493$3,584,526$2,868,386$5,998,931
53$7,971,984$3,690,314$2,894,623$6,448,682
54$8,713,073$3,799,086$2,919,539$6,940,447
55$9,527,483$3,910,917$2,943,020$7,478,434
56$10,422,621$4,025,888$2,964,947$8,067,276
57$11,406,649$4,144,077$2,985,193$8,712,082
58$12,488,557$4,265,566$3,003,626$9,418,477
59$13,678,249$4,390,438$3,020,107$10,192,661
60$14,986,640$4,518,779$3,034,491$11,041,465
61$16,425,753$4,650,675$3,046,622$11,972,415
62$18,008,835$4,786,213$3,056,339$12,993,806
63$19,750,483$4,925,485$3,063,473$14,114,777
64$21,666,779$5,068,580$3,067,845$15,345,398
65$23,775,441$5,215,591$3,069,269$16,696,765
66$26,095,995$5,366,614$3,067,549$18,181,107
67$28,649,952$5,521,744$3,062,477$19,811,899
68$31,461,016$5,681,078$3,053,839$21,603,989
69$34,555,305$5,844,716$3,041,408$23,573,740
70$37,961,597$6,012,758$3,024,946$25,739,183
71$41,711,603$6,185,306$3,004,205$28,120,189
72$45,840,264$6,362,463$2,978,923$30,738,655
73$50,386,081$6,544,335$2,948,828$33,618,709
74$55,391,481$6,731,027$2,913,633$36,786,944
75$60,903,211$6,922,646$2,873,039$40,272,663
76$66,972,785$7,119,302$2,826,731$44,108,158
77$73,656,964$7,321,103$2,774,382$48,329,017
78$81,018,298$7,528,160$2,715,647$52,974,455
79$89,125,710$7,740,586$2,650,167$58,087,691
80$98,055,149$7,958,492$2,577,565$63,716,350
81$107,890,308$8,181,991$2,497,447$69,912,917
82$118,723,410$8,411,199$2,409,401$76,735,231
83$130,656,079$8,646,229$2,312,998$84,247,033
84$143,800,301$8,887,196$2,207,785$92,518,564
85$158,279,478$9,134,215$2,093,293$101,627,233
86$174,229,596$9,387,403$1,969,029$111,658,345
87$191,800,502$9,646,873$1,834,478$122,705,911
88$211,157,324$9,912,741$1,689,105$134,873,529
89$232,482,027$10,185,121$1,532,346$148,275,369
90$255,975,130$10,464,128$1,363,615$163,037,247
91$281,857,597$10,749,874$1,182,300$179,297,817
92$310,372,925$11,042,471$987,760$197,209,877
93$341,789,441$11,342,030$779,328$216,941,815
94$376,402,834$11,648,659$556,305$238,679,196
95$414,538,945$11,962,466$317,964$262,626,519
96$456,556,845$12,283,554$63,543$289,009,146
97$502,852,221$12,612,026$0$318,075,428
98$553,861,112$12,947,980$0$350,156,750
99$610,064,026$13,291,512$0$385,519,591
100$671,990,474$13,642,712$0$424,478,926