Can I retire at age 40 with 2,440,000?

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 $2,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$201,493$199,698$197,947$196,238$194,569$190,563
2 years$99,749$97,891$96,091$94,345$92,652$88,634
3 years$65,839$63,973$62,177$60,448$58,782$54,878
4 years$48,887$47,027$45,249$43,549$41,924$38,163
5 years$38,719$36,870$35,115$33,450$31,870$28,263
6 years$31,942$30,107$28,378$26,750$25,218$21,769
7 years$27,103$25,284$23,582$21,993$20,509$17,219
8 years$23,476$21,673$20,000$18,449$17,014$13,883
9 years$20,656$18,870$17,226$15,715$14,328$11,353
10 years$18,402$16,633$15,018$13,546$12,208$9,386
11 years$16,558$14,807$13,221$11,789$10,500$7,826
12 years$15,023$13,290$11,734$10,341$9,099$6,571
13 years$13,725$12,011$10,483$9,129$7,934$5,547
14 years$12,614$10,917$9,419$8,104$6,955$4,705
15 years$11,651$9,973$8,504$7,227$6,124$4,005
16 years$10,810$9,150$7,710$6,471$5,412$3,420
17 years$10,069$8,427$7,016$5,814$4,799$2,928
18 years$9,410$7,787$6,405$5,240$4,267$2,513
19 years$8,822$7,217$5,863$4,735$3,803$2,160
20 years$8,293$6,706$5,381$4,288$3,397$1,860
21 years$7,815$6,247$4,950$3,892$3,040$1,604
22 years$7,381$5,831$4,562$3,539$2,725$1,385
23 years$6,985$5,454$4,212$3,223$2,446$1,196
24 years$6,623$5,110$3,895$2,939$2,199$1,035
25 years$6,291$4,795$3,608$2,684$1,978$896
26 years$5,984$4,507$3,346$2,454$1,782$776
27 years$5,701$4,241$3,107$2,247$1,607$672
28 years$5,438$3,997$2,889$2,058$1,450$583
29 years$5,194$3,770$2,688$1,888$1,309$505
30 years$4,967$3,561$2,504$1,732$1,183$438
31 years$4,754$3,366$2,334$1,591$1,069$380
32 years$4,556$3,185$2,178$1,462$967$330
33 years$4,370$3,016$2,033$1,345$875$287
34 years$4,195$2,859$1,900$1,237$793$249
35 years$4,030$2,711$1,776$1,139$718$216
36 years$3,875$2,573$1,662$1,049$650$188
37 years$3,729$2,444$1,555$966$590$163
38 years$3,591$2,323$1,457$891$534$142
39 years$3,460$2,209$1,365$821$485$123
40 years$3,336$2,102$1,279$758$440$107
41 years$3,218$2,000$1,199$699$399$93
42 years$3,106$1,905$1,125$645$362$81
43 years$3,000$1,815$1,056$595$328$70
44 years$2,899$1,730$991$550$298$61
45 years$2,803$1,650$930$508$271$53
46 years$2,711$1,574$874$469$246$46
47 years$2,623$1,502$821$433$223$40
48 years$2,539$1,434$772$400$203$35
49 years$2,459$1,369$725$370$184$30
50 years$2,382$1,308$682$342$167$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,440,000, adding $5,045 every year, while hoping to spend $44,526 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: 52/18/30 Blend
39$2,440,000$2,440,000$2,440,000$2,440,000
40$2,694,084$2,564,764$2,526,944$2,811,201
41$2,921,505$2,643,062$2,564,221$2,971,646
42$3,170,631$2,723,704$2,601,255$3,141,221
43$3,443,628$2,806,759$2,637,990$3,324,843
44$3,742,884$2,892,295$2,674,368$3,523,872
45$4,071,025$2,980,385$2,710,327$3,739,810
46$4,430,948$3,071,102$2,745,801$3,974,309
47$4,825,840$3,164,521$2,780,720$4,229,190
48$5,259,213$3,260,721$2,815,012$4,506,456
49$5,734,937$3,359,780$2,848,599$4,808,316
50$6,257,271$3,461,780$2,881,398$5,137,201
51$6,830,911$3,566,805$2,913,323$5,495,791
52$7,461,027$3,674,942$2,944,282$5,887,036
53$8,153,316$3,786,278$2,974,180$6,314,189
54$8,914,053$3,900,905$3,002,914$6,780,830
55$9,750,152$4,018,915$3,030,377$7,290,906
56$10,669,230$4,140,404$3,056,457$7,848,766
57$11,679,677$4,265,469$3,081,034$8,459,198
58$12,790,739$4,394,212$3,103,983$9,127,482
59$14,012,600$4,526,734$3,125,172$9,859,432
60$15,356,483$4,663,142$3,144,464$10,661,456
61$16,834,753$4,803,544$3,161,711$11,540,615
62$18,461,030$4,948,051$3,176,762$12,504,689
63$20,250,326$5,096,776$3,189,454$13,562,250
64$22,219,178$5,249,836$3,199,619$14,722,746
65$24,385,807$5,407,351$3,207,079$15,996,585
66$26,770,290$5,569,443$3,211,647$17,395,238
67$29,394,751$5,736,236$3,213,128$18,931,345
68$32,283,564$5,907,860$3,211,317$20,618,835
69$35,463,588$6,084,446$3,205,997$22,473,058
70$38,964,419$6,266,129$3,196,942$24,510,927
71$42,818,666$6,453,045$3,183,916$26,751,083
72$47,062,262$6,645,337$3,166,669$29,214,067
73$51,734,802$6,843,147$3,144,942$31,922,514
74$56,879,915$7,046,625$3,118,461$34,901,369
75$62,545,676$7,255,920$3,086,939$38,178,122
76$68,785,062$7,471,186$3,050,079$41,783,065
77$75,656,446$7,692,583$3,007,564$45,749,583
78$83,224,154$7,920,269$2,959,068$50,114,466
79$91,559,067$8,154,411$2,904,245$54,918,255
80$100,739,291$8,395,177$2,842,737$60,205,630
81$110,850,896$8,642,738$2,774,166$66,025,828
82$121,988,724$8,897,269$2,698,138$72,433,109
83$134,257,289$9,158,950$2,614,240$79,487,268
84$147,771,758$9,427,964$2,522,043$87,254,203
85$162,659,039$9,704,496$2,421,093$95,806,534
86$179,058,982$9,988,738$2,310,921$105,224,288
87$197,125,694$10,280,881$2,191,032$115,595,661
88$217,028,995$10,581,125$2,060,912$127,017,844
89$238,956,022$10,889,670$1,920,022$139,597,945
90$263,112,993$11,206,720$1,767,800$153,454,000
91$289,727,154$11,532,485$1,603,657$168,716,088
92$319,048,924$11,867,177$1,426,979$185,527,558
93$351,354,256$12,211,011$1,237,125$204,046,386
94$386,947,246$12,564,206$1,033,424$224,446,665
95$426,162,999$12,926,986$815,178$246,920,248
96$469,370,793$13,299,577$581,655$271,678,564
97$516,977,567$13,682,209$332,093$298,954,612
98$569,431,756$14,075,114$65,695$329,005,162
99$627,227,530$14,478,530$0$362,113,180
100$690,909,456$14,892,696$0$398,660,475