Can I retire at age 40 with 2,430,000?

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 $2,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$200,667$198,880$197,136$195,434$193,772$191,113
2 years$99,340$97,490$95,697$93,958$92,272$89,598
3 years$65,569$63,711$61,922$60,200$58,541$55,935
4 years$48,687$46,834$45,064$43,371$41,752$39,234
5 years$38,560$36,719$34,971$33,313$31,739$29,316
6 years$31,811$29,983$28,262$26,641$25,114$22,790
7 years$26,992$25,180$23,486$21,903$20,425$18,199
8 years$23,380$21,584$19,918$18,374$16,944$14,817
9 years$20,571$18,793$17,155$15,650$14,269$12,240
10 years$18,326$16,565$14,956$13,491$12,158$10,225
11 years$16,490$14,747$13,167$11,741$10,457$8,618
12 years$14,962$13,236$11,686$10,298$9,061$7,315
13 years$13,669$11,961$10,440$9,092$7,902$6,246
14 years$12,562$10,873$9,381$8,071$6,927$5,358
15 years$11,604$9,932$8,469$7,198$6,099$4,615
16 years$10,766$9,113$7,679$6,445$5,390$3,988
17 years$10,027$8,392$6,987$5,791$4,779$3,456
18 years$9,372$7,755$6,379$5,218$4,249$3,003
19 years$8,786$7,187$5,839$4,715$3,788$2,614
20 years$8,259$6,679$5,359$4,271$3,383$2,280
21 years$7,783$6,221$4,929$3,876$3,028$1,991
22 years$7,351$5,807$4,543$3,524$2,714$1,741
23 years$6,957$5,431$4,195$3,209$2,436$1,525
24 years$6,596$5,089$3,879$2,927$2,190$1,336
25 years$6,265$4,775$3,593$2,673$1,970$1,172
26 years$5,960$4,488$3,332$2,444$1,775$1,029
27 years$5,677$4,224$3,094$2,237$1,600$904
28 years$5,416$3,980$2,877$2,050$1,444$794
29 years$5,173$3,755$2,677$1,880$1,304$699
30 years$4,946$3,546$2,494$1,725$1,178$615
31 years$4,735$3,352$2,325$1,584$1,065$541
32 years$4,537$3,172$2,169$1,456$963$476
33 years$4,352$3,004$2,025$1,339$872$419
34 years$4,178$2,847$1,892$1,232$789$369
35 years$4,014$2,700$1,769$1,134$715$326
36 years$3,859$2,563$1,655$1,045$648$287
37 years$3,714$2,434$1,549$962$587$253
38 years$3,576$2,313$1,451$887$532$223
39 years$3,446$2,200$1,359$818$483$197
40 years$3,322$2,093$1,274$754$438$173
41 years$3,205$1,992$1,194$696$397$153
42 years$3,094$1,897$1,120$642$360$135
43 years$2,988$1,808$1,051$593$327$119
44 years$2,887$1,723$987$548$297$105
45 years$2,791$1,643$927$506$270$93
46 years$2,700$1,568$870$467$245$82
47 years$2,612$1,496$818$432$222$72
48 years$2,529$1,428$768$399$202$64
49 years$2,449$1,364$722$369$183$56
50 years$2,373$1,303$679$341$166$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,430,000, adding $2,209 every year, while hoping to spend $53,423 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: 70/18/12 Blend
39$2,430,000$2,430,000$2,430,000$2,430,000
40$2,680,139$2,551,349$2,513,684$2,860,760
41$2,896,671$2,619,523$2,541,050$3,049,040
42$3,133,499$2,689,247$2,567,543$3,248,331
43$3,392,637$2,760,542$2,593,077$3,465,014
44$3,676,302$2,833,424$2,617,561$3,700,792
45$3,986,936$2,907,912$2,640,900$3,957,539
46$4,327,227$2,984,024$2,662,994$4,237,322
47$4,700,137$3,061,774$2,683,737$4,542,414
48$5,108,927$3,141,177$2,703,018$4,875,321
49$5,557,189$3,222,246$2,720,721$5,238,800
50$6,048,879$3,304,993$2,736,722$5,635,892
51$6,588,354$3,389,427$2,750,892$6,069,943
52$7,180,415$3,475,557$2,763,095$6,544,641
53$7,830,347$3,563,389$2,773,188$7,064,047
54$8,543,974$3,652,927$2,781,022$7,632,636
55$9,327,711$3,744,173$2,786,438$8,255,337
56$10,188,626$3,837,126$2,789,272$8,937,583
57$11,134,503$3,931,782$2,789,350$9,685,355
58$12,173,919$4,028,136$2,786,489$10,505,246
59$13,316,321$4,126,177$2,780,499$11,404,520
60$14,572,119$4,225,893$2,771,179$12,391,179
61$15,952,781$4,327,267$2,758,320$13,474,040
62$17,470,941$4,430,280$2,741,700$14,662,819
63$19,140,519$4,534,906$2,721,089$15,968,220
64$20,976,852$4,641,116$2,696,245$17,402,039
65$22,996,836$4,748,876$2,666,915$18,977,273
66$25,219,090$4,858,148$2,632,833$20,708,243
67$27,664,126$4,968,886$2,593,722$22,610,730
68$30,354,545$5,081,039$2,549,290$24,702,124
69$33,315,251$5,194,552$2,499,233$27,001,586
70$36,573,681$5,309,360$2,443,232$29,530,231
71$40,160,070$5,425,392$2,380,954$32,311,328
72$44,107,731$5,542,570$2,312,050$35,370,516
73$48,453,370$5,660,807$2,236,154$38,736,049
74$53,237,434$5,780,006$2,152,885$42,439,063
75$58,504,489$5,900,064$2,061,844$46,513,868
76$64,303,645$6,020,865$1,962,614$50,998,273
77$70,689,013$6,142,283$1,854,757$55,933,942
78$77,720,220$6,264,183$1,737,819$61,366,790
79$85,462,970$6,386,415$1,611,323$67,347,414
80$93,989,661$6,508,818$1,474,771$73,931,571
81$103,380,073$6,631,217$1,327,643$81,180,705
82$113,722,117$6,753,422$1,169,395$89,162,528
83$125,112,663$6,875,230$999,460$97,951,657
84$137,658,458$6,996,419$817,245$107,630,323
85$151,477,129$7,116,753$622,131$118,289,142
86$166,698,296$7,235,974$413,473$130,027,974
87$183,464,794$7,353,808$190,595$142,956,867
88$201,934,017$7,469,958$0$157,197,094
89$222,279,409$7,584,108$0$172,888,347
90$244,692,096$7,695,918$0$190,198,291
91$269,382,694$7,805,022$0$209,264,894
92$296,583,291$7,911,030$0$230,267,115
93$326,549,641$8,013,525$0$253,402,164
94$359,563,577$8,112,060$0$278,887,362
95$395,935,669$8,206,158$0$306,962,192
96$436,008,157$8,295,310$0$337,890,564
97$480,158,181$8,378,972$0$371,963,297
98$528,801,340$8,456,566$0$409,500,877
99$582,395,612$8,527,473$0$450,856,469
100$641,445,680$8,591,035$0$496,419,264