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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.6%
1 years$200,667$198,880$197,136$195,434$193,772$190,093
2 years$99,340$97,490$95,697$93,958$92,272$88,580
3 years$65,569$63,711$61,922$60,200$58,541$54,951
4 years$48,687$46,834$45,064$43,371$41,752$38,291
5 years$38,560$36,719$34,971$33,313$31,739$28,418
6 years$31,811$29,983$28,262$26,641$25,114$21,936
7 years$26,992$25,180$23,486$21,903$20,425$17,390
8 years$23,380$21,584$19,918$18,374$16,944$14,053
9 years$20,571$18,793$17,155$15,650$14,269$11,519
10 years$18,326$16,565$14,956$13,491$12,158$9,547
11 years$16,490$14,747$13,167$11,741$10,457$7,981
12 years$14,962$13,236$11,686$10,298$9,061$6,718
13 years$13,669$11,961$10,440$9,092$7,902$5,687
14 years$12,562$10,873$9,381$8,071$6,927$4,836
15 years$11,604$9,932$8,469$7,198$6,099$4,128
16 years$10,766$9,113$7,679$6,445$5,390$3,535
17 years$10,027$8,392$6,987$5,791$4,779$3,036
18 years$9,372$7,755$6,379$5,218$4,249$2,613
19 years$8,786$7,187$5,839$4,715$3,788$2,253
20 years$8,259$6,679$5,359$4,271$3,383$1,946
21 years$7,783$6,221$4,929$3,876$3,028$1,683
22 years$7,351$5,807$4,543$3,524$2,714$1,457
23 years$6,957$5,431$4,195$3,209$2,436$1,263
24 years$6,596$5,089$3,879$2,927$2,190$1,096
25 years$6,265$4,775$3,593$2,673$1,970$951
26 years$5,960$4,488$3,332$2,444$1,775$827
27 years$5,677$4,224$3,094$2,237$1,600$719
28 years$5,416$3,980$2,877$2,050$1,444$625
29 years$5,173$3,755$2,677$1,880$1,304$544
30 years$4,946$3,546$2,494$1,725$1,178$473
31 years$4,735$3,352$2,325$1,584$1,065$412
32 years$4,537$3,172$2,169$1,456$963$359
33 years$4,352$3,004$2,025$1,339$872$313
34 years$4,178$2,847$1,892$1,232$789$272
35 years$4,014$2,700$1,769$1,134$715$237
36 years$3,859$2,563$1,655$1,045$648$207
37 years$3,714$2,434$1,549$962$587$180
38 years$3,576$2,313$1,451$887$532$157
39 years$3,446$2,200$1,359$818$483$137
40 years$3,322$2,093$1,274$754$438$120
41 years$3,205$1,992$1,194$696$397$104
42 years$3,094$1,897$1,120$642$360$91
43 years$2,988$1,808$1,051$593$327$79
44 years$2,887$1,723$987$548$297$69
45 years$2,791$1,643$927$506$270$60
46 years$2,700$1,568$870$467$245$53
47 years$2,612$1,496$818$432$222$46
48 years$2,529$1,428$768$399$202$40
49 years$2,449$1,364$722$369$183$35
50 years$2,373$1,303$679$341$166$31

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 $4,680 every year, while hoping to spend $36,931 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: 72/9/19 Blend
39$2,430,000$2,430,000$2,430,000$2,430,000
40$2,682,687$2,553,897$2,516,232$2,863,358
41$2,917,027$2,639,744$2,561,232$3,069,950
42$3,174,032$2,728,559$2,606,501$3,291,246
43$3,455,974$2,820,450$2,652,010$3,532,670
44$3,765,358$2,915,526$2,697,727$3,796,211
45$4,104,940$3,013,903$2,743,616$4,084,063
46$4,477,759$3,115,699$2,789,642$4,398,638
47$4,887,159$3,221,037$2,835,764$4,742,596
48$5,336,827$3,330,046$2,881,940$5,118,866
49$5,830,824$3,442,858$2,928,125$5,530,672
50$6,373,622$3,559,612$2,974,272$5,981,567
51$6,970,149$3,680,451$3,020,327$6,475,466
52$7,625,834$3,805,523$3,066,238$7,016,678
53$8,346,658$3,934,982$3,111,946$7,609,952
54$9,139,210$4,068,989$3,157,389$8,260,521
55$10,010,750$4,207,710$3,202,502$8,974,147
56$10,969,276$4,351,318$3,247,215$9,757,179
57$12,023,601$4,499,991$3,291,456$10,616,612
58$13,183,434$4,653,917$3,335,145$11,560,153
59$14,459,473$4,813,287$3,378,201$12,596,291
60$15,863,505$4,978,304$3,420,537$13,734,380
61$17,408,517$5,149,175$3,462,059$14,984,727
62$19,108,818$5,326,117$3,502,670$16,358,688
63$20,980,176$5,509,355$3,542,268$17,868,774
64$23,039,964$5,699,123$3,580,744$19,528,769
65$25,307,324$5,895,664$3,617,983$21,353,864
66$27,803,349$6,099,230$3,653,863$23,360,793
67$30,551,281$6,310,082$3,688,258$25,568,000
68$33,576,730$6,528,495$3,721,033$27,995,801
69$36,907,915$6,754,749$3,752,046$30,666,588
70$40,575,931$6,989,141$3,781,149$33,605,031
71$44,615,042$7,231,975$3,808,183$36,838,314
72$49,063,004$7,483,570$3,832,985$40,396,393
73$53,961,421$7,744,255$3,855,381$44,312,274
74$59,356,137$8,014,375$3,875,187$48,622,330
75$65,297,669$8,294,286$3,892,213$53,366,640
76$71,841,685$8,584,359$3,906,255$58,589,366
77$79,049,526$8,884,982$3,917,104$64,339,176
78$86,988,786$9,196,554$3,924,535$70,669,696
79$95,733,951$9,519,494$3,928,316$77,640,019
80$105,367,101$9,854,236$3,928,201$85,315,265
81$115,978,683$10,201,232$3,923,934$93,767,190
82$127,668,367$10,560,950$3,915,244$103,074,867
83$140,545,984$10,933,880$3,901,848$113,325,433
84$154,732,564$11,320,531$3,883,450$124,614,908
85$170,361,479$11,721,430$3,859,739$137,049,103
86$187,579,698$12,137,128$3,830,388$150,744,617
87$206,549,178$12,568,198$3,795,057$165,829,942
88$227,448,390$13,015,235$3,753,387$182,446,669
89$250,474,004$13,478,860$3,705,004$200,750,830
90$275,842,746$13,959,718$3,649,515$220,914,368
91$303,793,442$14,458,480$3,586,510$243,126,761
92$334,589,273$14,975,846$3,515,558$267,596,809
93$368,520,260$15,512,543$3,436,210$294,554,606
94$405,905,998$16,069,328$3,347,994$324,253,712
95$447,098,676$16,646,992$3,250,418$356,973,547
96$492,486,400$17,246,354$3,142,967$393,022,026
97$542,496,858$17,868,271$3,025,101$432,738,468
98$597,601,354$18,513,632$2,896,258$476,496,799
99$658,319,256$19,183,364$2,755,847$524,709,080
100$725,222,906$19,878,435$2,603,254$577,829,399