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%12.8%
1 years$200,667$198,880$197,136$195,434$193,772$191,509
2 years$99,340$97,490$95,697$93,958$92,272$89,995
3 years$65,569$63,711$61,922$60,200$58,541$56,320
4 years$48,687$46,834$45,064$43,371$41,752$39,604
5 years$38,560$36,719$34,971$33,313$31,739$29,670
6 years$31,811$29,983$28,262$26,641$25,114$23,127
7 years$26,992$25,180$23,486$21,903$20,425$18,520
8 years$23,380$21,584$19,918$18,374$16,944$15,122
9 years$20,571$18,793$17,155$15,650$14,269$12,529
10 years$18,326$16,565$14,956$13,491$12,158$10,498
11 years$16,490$14,747$13,167$11,741$10,457$8,876
12 years$14,962$13,236$11,686$10,298$9,061$7,558
13 years$13,669$11,961$10,440$9,092$7,902$6,474
14 years$12,562$10,873$9,381$8,071$6,927$5,572
15 years$11,604$9,932$8,469$7,198$6,099$4,816
16 years$10,766$9,113$7,679$6,445$5,390$4,176
17 years$10,027$8,392$6,987$5,791$4,779$3,632
18 years$9,372$7,755$6,379$5,218$4,249$3,167
19 years$8,786$7,187$5,839$4,715$3,788$2,767
20 years$8,259$6,679$5,359$4,271$3,383$2,422
21 years$7,783$6,221$4,929$3,876$3,028$2,123
22 years$7,351$5,807$4,543$3,524$2,714$1,864
23 years$6,957$5,431$4,195$3,209$2,436$1,638
24 years$6,596$5,089$3,879$2,927$2,190$1,441
25 years$6,265$4,775$3,593$2,673$1,970$1,269
26 years$5,960$4,488$3,332$2,444$1,775$1,119
27 years$5,677$4,224$3,094$2,237$1,600$987
28 years$5,416$3,980$2,877$2,050$1,444$871
29 years$5,173$3,755$2,677$1,880$1,304$769
30 years$4,946$3,546$2,494$1,725$1,178$679
31 years$4,735$3,352$2,325$1,584$1,065$600
32 years$4,537$3,172$2,169$1,456$963$531
33 years$4,352$3,004$2,025$1,339$872$469
34 years$4,178$2,847$1,892$1,232$789$415
35 years$4,014$2,700$1,769$1,134$715$367
36 years$3,859$2,563$1,655$1,045$648$325
37 years$3,714$2,434$1,549$962$587$288
38 years$3,576$2,313$1,451$887$532$255
39 years$3,446$2,200$1,359$818$483$226
40 years$3,322$2,093$1,274$754$438$200
41 years$3,205$1,992$1,194$696$397$177
42 years$3,094$1,897$1,120$642$360$157
43 years$2,988$1,808$1,051$593$327$139
44 years$2,887$1,723$987$548$297$123
45 years$2,791$1,643$927$506$270$109
46 years$2,700$1,568$870$467$245$97
47 years$2,612$1,496$818$432$222$86
48 years$2,529$1,428$768$399$202$76
49 years$2,449$1,364$722$369$183$67
50 years$2,373$1,303$679$341$166$60

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 $6,684 every year, while hoping to spend $35,860 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: 60/18/22 Blend
39$2,430,000$2,430,000$2,430,000$2,430,000
40$2,684,755$2,555,965$2,518,300$2,829,829
41$2,920,445$2,643,052$2,564,508$3,016,104
42$3,178,973$2,733,205$2,611,062$3,214,744
43$3,462,632$2,826,536$2,657,936$3,430,676
44$3,773,946$2,923,161$2,705,102$3,665,584
45$4,115,694$3,023,201$2,752,529$3,921,323
46$4,490,940$3,126,783$2,800,184$4,199,935
47$4,903,057$3,234,037$2,848,032$4,503,666
48$5,355,763$3,345,099$2,896,035$4,834,993
49$5,853,152$3,460,110$2,944,152$5,196,638
50$6,399,734$3,579,216$2,992,342$5,591,604
51$7,000,478$3,702,569$3,040,557$6,023,193
52$7,660,860$3,830,327$3,088,748$6,495,045
53$8,386,909$3,962,655$3,136,863$7,011,166
54$9,185,272$4,099,724$3,184,847$7,575,970
55$10,063,270$4,241,710$3,232,639$8,194,317
56$11,028,968$4,388,798$3,280,176$8,871,562
57$12,091,253$4,541,180$3,327,393$9,613,601
58$13,259,917$4,699,054$3,374,217$10,426,931
59$14,545,749$4,862,627$3,420,573$11,318,706
60$15,960,635$5,032,116$3,466,382$12,296,810
61$17,517,672$5,207,743$3,511,559$13,369,925
62$19,231,293$5,389,740$3,556,014$14,547,616
63$21,117,398$5,578,351$3,599,654$15,840,423
64$23,193,508$5,773,825$3,642,377$17,259,955
65$25,478,928$5,976,425$3,684,080$18,819,001
66$27,994,932$6,186,422$3,724,649$20,531,654
67$30,764,957$6,404,100$3,763,967$22,413,439
68$33,814,834$6,629,751$3,801,911$24,481,460
69$37,173,021$6,863,683$3,838,349$26,754,565
70$40,870,879$7,106,214$3,873,144$29,253,516
71$44,942,965$7,357,674$3,906,150$32,001,193
72$49,427,355$7,618,408$3,937,214$35,022,802
73$54,366,010$7,888,775$3,966,175$38,346,120
74$59,805,166$8,169,147$3,992,865$42,001,749
75$65,795,770$8,459,913$4,017,103$46,023,409
76$72,393,966$8,761,477$4,038,704$50,448,256
77$79,661,620$9,074,258$4,057,470$55,317,230
78$87,666,904$9,398,695$4,073,193$60,675,443
79$96,484,940$9,735,243$4,085,657$66,572,602
80$106,198,510$10,084,376$4,094,633$73,063,481
81$116,898,836$10,446,589$4,099,881$80,208,435
82$128,686,439$10,822,394$4,101,149$88,073,968
83$141,672,092$11,212,327$4,098,174$96,733,363
84$155,977,860$11,616,945$4,090,677$106,267,375
85$171,738,255$12,036,829$4,078,368$116,764,985
86$189,101,506$12,472,583$4,060,942$128,324,247
87$208,230,956$12,924,836$4,038,080$141,053,212
88$229,306,605$13,394,244$4,009,447$155,070,941
89$252,526,806$13,881,489$3,974,691$170,508,637
90$278,110,143$14,387,285$3,933,446$187,510,878
91$306,297,486$14,912,370$3,885,325$206,236,980
92$337,354,272$15,457,518$3,829,925$226,862,503
93$371,573,004$16,023,534$3,766,825$249,580,910
94$409,276,018$16,611,255$3,695,581$274,605,384
95$450,818,521$17,221,555$3,615,732$302,170,849
96$496,591,944$17,855,345$3,526,792$332,536,183
97$547,027,638$18,513,573$3,428,256$365,986,659
98$602,600,949$19,197,229$3,319,594$402,836,641
99$663,835,696$19,907,344$3,200,251$443,432,550
100$731,309,125$20,644,992$3,069,648$488,156,131