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%13%
1 years$198,190$196,424$194,702$193,021$191,379$188,988
2 years$98,114$96,286$94,516$92,799$91,133$88,727
3 years$64,759$62,924$61,158$59,457$57,819$55,472
4 years$48,086$46,256$44,507$42,835$41,237$38,968
5 years$38,084$36,265$34,539$32,902$31,347$29,164
6 years$31,418$29,613$27,913$26,312$24,804$22,708
7 years$26,659$24,869$23,196$21,632$20,172$18,164
8 years$23,091$21,318$19,672$18,147$16,735$14,814
9 years$20,318$18,561$16,943$15,457$14,093$12,259
10 years$18,100$16,360$14,772$13,324$12,008$10,260
11 years$16,287$14,565$13,005$11,596$10,327$8,663
12 years$14,777$13,072$11,541$10,171$8,950$7,368
13 years$13,500$11,814$10,311$8,980$7,804$6,303
14 years$12,407$10,738$9,265$7,971$6,841$5,418
15 years$11,460$9,810$8,365$7,109$6,023$4,676
16 years$10,633$9,000$7,584$6,365$5,324$4,049
17 years$9,904$8,289$6,901$5,719$4,720$3,517
18 years$9,256$7,659$6,300$5,154$4,197$3,062
19 years$8,677$7,099$5,767$4,657$3,741$2,671
20 years$8,157$6,596$5,293$4,218$3,341$2,335
21 years$7,687$6,144$4,868$3,828$2,990$2,044
22 years$7,260$5,735$4,487$3,481$2,680$1,792
23 years$6,871$5,364$4,143$3,170$2,406$1,572
24 years$6,515$5,026$3,832$2,891$2,163$1,381
25 years$6,188$4,717$3,549$2,640$1,946$1,214
26 years$5,886$4,433$3,291$2,414$1,753$1,069
27 years$5,607$4,172$3,056$2,210$1,580$941
28 years$5,349$3,931$2,841$2,025$1,426$829
29 years$5,109$3,708$2,644$1,857$1,288$731
30 years$4,885$3,502$2,463$1,704$1,163$645
31 years$4,677$3,311$2,296$1,565$1,052$569
32 years$4,481$3,133$2,142$1,438$951$502
33 years$4,298$2,967$2,000$1,323$861$443
34 years$4,126$2,812$1,869$1,217$780$391
35 years$3,964$2,667$1,747$1,120$706$346
36 years$3,812$2,531$1,634$1,032$640$305
37 years$3,668$2,404$1,530$951$580$270
38 years$3,532$2,285$1,433$876$526$239
39 years$3,403$2,173$1,342$808$477$211
40 years$3,281$2,067$1,258$745$432$186
41 years$3,165$1,968$1,180$687$392$165
42 years$3,056$1,874$1,107$634$356$146
43 years$2,951$1,785$1,038$586$323$129
44 years$2,852$1,702$975$541$293$114
45 years$2,757$1,623$915$499$266$101
46 years$2,666$1,548$860$461$242$89
47 years$2,580$1,477$808$426$219$79
48 years$2,498$1,410$759$394$199$70
49 years$2,419$1,347$713$364$181$62
50 years$2,343$1,287$671$336$164$55

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 $3,374 every year, while hoping to spend $56,689 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: 45/42/13 Blend
39$2,400,000$2,400,000$2,400,000$2,400,000
40$2,648,280$2,521,080$2,483,880$2,757,495
41$2,858,088$2,584,297$2,506,774$2,896,985
42$3,087,397$2,648,710$2,528,534$3,042,137
43$3,338,135$2,714,321$2,549,063$3,198,282
44$3,612,426$2,781,125$2,568,259$3,366,458
45$3,912,611$2,849,116$2,586,012$3,547,808
46$4,241,263$2,918,289$2,602,210$3,743,591
47$4,601,219$2,988,632$2,616,731$3,955,193
48$4,995,601$3,060,134$2,629,450$4,184,141
49$5,427,851$3,132,778$2,640,234$4,432,115
50$5,901,754$3,206,547$2,648,945$4,700,968
51$6,421,485$3,281,419$2,655,436$4,992,739
52$6,991,636$3,357,369$2,659,553$5,309,676
53$7,617,271$3,434,368$2,661,136$5,654,255
54$8,303,964$3,512,384$2,660,016$6,029,202
55$9,057,856$3,591,378$2,656,014$6,437,525
56$9,885,712$3,671,310$2,648,945$6,882,533
57$10,794,984$3,752,134$2,638,614$7,367,877
58$11,793,881$3,833,797$2,624,817$7,897,576
59$12,891,447$3,916,243$2,607,338$8,476,062
60$14,097,644$3,999,408$2,585,953$9,108,218
61$15,423,447$4,083,223$2,560,426$9,799,425
62$16,880,950$4,167,612$2,530,512$10,555,612
63$18,483,474$4,252,492$2,495,951$11,383,314
64$20,245,697$4,337,773$2,456,473$12,289,736
65$22,183,789$4,423,354$2,411,796$13,282,813
66$24,315,566$4,509,130$2,361,622$14,371,294
67$26,660,659$4,594,983$2,305,642$15,564,822
68$29,240,697$4,680,787$2,243,531$16,874,023
69$32,079,509$4,766,406$2,174,950$18,310,609
70$35,203,351$4,851,693$2,099,544$19,887,487
71$38,641,156$4,936,488$2,016,941$21,618,886
72$42,424,798$5,020,621$1,926,753$23,520,486
73$46,589,403$5,103,907$1,828,575$25,609,569
74$51,173,672$5,186,148$1,721,982$27,905,184
75$56,220,249$5,267,132$1,606,531$30,428,324
76$61,776,123$5,346,630$1,481,758$33,202,130
77$67,893,071$5,424,398$1,347,180$36,252,105
78$74,628,144$5,500,174$1,202,291$39,606,357
79$82,044,210$5,573,677$1,046,562$43,295,869
80$90,210,540$5,644,607$879,443$47,354,787
81$99,203,466$5,712,645$700,356$51,820,745
82$109,107,102$5,777,447$508,700$56,735,224
83$120,014,133$5,838,648$303,848$62,143,941
84$132,026,691$5,895,858$85,143$68,097,286
85$145,257,321$5,948,662$0$74,650,793
86$159,830,037$5,996,617$0$81,886,236
87$175,881,500$6,039,249$0$89,864,452
88$193,562,299$6,076,058$0$98,648,075
89$213,038,377$6,106,509$0$108,319,159
90$234,492,596$6,130,033$0$118,968,136
91$258,126,461$6,146,024$0$130,694,663
92$284,162,022$6,153,842$0$143,608,573
93$312,843,970$6,152,802$0$157,830,906
94$344,441,946$6,142,180$0$173,495,057
95$379,253,083$6,121,206$0$190,748,035
96$417,604,816$6,089,063$0$209,751,854
97$459,857,965$6,044,885$0$230,685,062
98$506,410,145$5,987,752$0$253,744,431
99$557,699,517$5,916,690$0$279,146,815
100$614,208,925$5,830,664$0$307,131,200