Can I retire at age 40 with 2,460,000?

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 $2,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$203,145$201,335$199,570$197,846$196,164$192,361
2 years$100,567$98,694$96,878$95,118$93,411$89,595
3 years$66,378$64,497$62,687$60,943$59,264$55,554
4 years$49,288$47,412$45,620$43,906$42,268$38,692
5 years$39,036$37,172$35,403$33,724$32,131$28,700
6 years$32,204$30,354$28,611$26,970$25,424$22,142
7 years$27,325$25,491$23,776$22,173$20,677$17,543
8 years$23,668$21,850$20,164$18,600$17,153$14,169
9 years$20,825$19,025$17,367$15,843$14,446$11,607
10 years$18,552$16,769$15,141$13,657$12,308$9,614
11 years$16,694$14,929$13,330$11,886$10,586$8,032
12 years$15,146$13,399$11,830$10,426$9,173$6,757
13 years$13,838$12,109$10,569$9,204$7,999$5,716
14 years$12,717$11,007$9,496$8,170$7,012$4,857
15 years$11,747$10,055$8,574$7,287$6,174$4,144
16 years$10,899$9,225$7,774$6,524$5,457$3,546
17 years$10,151$8,496$7,074$5,862$4,838$3,043
18 years$9,487$7,851$6,457$5,283$4,302$2,617
19 years$8,894$7,276$5,911$4,774$3,834$2,254
20 years$8,361$6,761$5,425$4,323$3,425$1,946
21 years$7,879$6,298$4,990$3,924$3,065$1,681
22 years$7,441$5,879$4,599$3,568$2,747$1,455
23 years$7,043$5,498$4,247$3,249$2,466$1,260
24 years$6,678$5,152$3,927$2,963$2,217$1,092
25 years$6,342$4,834$3,637$2,706$1,995$948
26 years$6,033$4,544$3,374$2,474$1,797$823
27 years$5,748$4,276$3,133$2,265$1,620$715
28 years$5,483$4,029$2,912$2,075$1,462$621
29 years$5,237$3,801$2,710$1,903$1,320$540
30 years$5,007$3,590$2,524$1,746$1,193$470
31 years$4,793$3,394$2,353$1,604$1,078$409
32 years$4,593$3,211$2,196$1,474$975$355
33 years$4,405$3,041$2,050$1,356$883$309
34 years$4,229$2,882$1,916$1,247$799$269
35 years$4,063$2,734$1,791$1,148$724$235
36 years$3,907$2,595$1,675$1,057$656$204
37 years$3,760$2,464$1,568$974$594$178
38 years$3,620$2,342$1,468$898$539$155
39 years$3,488$2,227$1,376$828$489$135
40 years$3,363$2,119$1,290$764$443$118
41 years$3,245$2,017$1,209$705$402$103
42 years$3,132$1,921$1,134$650$365$89
43 years$3,025$1,830$1,064$600$331$78
44 years$2,923$1,744$999$554$301$68
45 years$2,826$1,664$938$512$273$59
46 years$2,733$1,587$881$473$248$52
47 years$2,645$1,514$828$437$225$45
48 years$2,560$1,446$778$404$204$39
49 years$2,479$1,381$731$373$186$34
50 years$2,402$1,319$687$345$169$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,460,000, adding $5,623 every year, while hoping to spend $26,045 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: 49/26/25 Blend
39$2,460,000$2,460,000$2,460,000$2,460,000
40$2,716,720$2,586,340$2,548,210$2,830,354
41$2,966,114$2,685,359$2,605,863$3,009,307
42$3,240,073$2,788,357$2,664,575$3,200,563
43$3,541,075$2,895,502$2,724,354$3,407,830
44$3,871,851$3,006,967$2,785,206$3,632,632
45$4,235,408$3,122,937$2,847,138$3,876,645
46$4,635,060$3,243,601$2,910,157$4,141,712
47$5,074,457$3,369,158$2,974,268$4,429,859
48$5,557,620$3,499,816$3,039,475$4,743,316
49$6,088,982$3,635,791$3,105,782$5,084,536
50$6,673,424$3,777,311$3,173,192$5,456,217
51$7,316,325$3,924,611$3,241,706$5,861,330
52$8,023,612$4,077,939$3,311,324$6,303,142
53$8,801,814$4,237,551$3,382,048$6,785,249
54$9,658,127$4,403,719$3,453,873$7,311,609
55$10,600,476$4,576,722$3,526,799$7,886,578
56$11,637,598$4,756,854$3,600,820$8,514,954
57$12,779,117$4,944,424$3,675,931$9,202,014
58$14,035,636$5,139,750$3,752,124$9,953,571
59$15,418,842$5,343,168$3,829,391$10,776,024
60$16,941,609$5,555,029$3,907,721$11,676,417
61$18,618,124$5,775,697$3,987,101$12,662,509
62$20,464,021$6,005,554$4,067,517$13,742,841
63$22,496,525$6,245,000$4,148,953$14,926,819
64$24,734,618$6,494,452$4,231,390$16,224,802
65$27,199,215$6,754,346$4,314,807$17,648,198
66$29,913,363$7,025,137$4,399,181$19,209,570
67$32,902,459$7,307,302$4,484,487$20,922,755
68$36,194,487$7,601,337$4,570,694$22,802,993
69$39,820,285$7,907,763$4,657,774$24,867,068
70$43,813,835$8,227,124$4,745,690$27,133,471
71$48,212,581$8,559,988$4,834,405$29,622,566
72$53,057,786$8,906,949$4,923,879$32,356,785
73$58,394,919$9,268,628$5,014,068$35,360,839
74$64,274,084$9,645,675$5,104,922$38,661,948
75$70,750,495$10,038,767$5,196,391$42,290,098
76$77,884,994$10,448,615$5,288,419$46,278,323
77$85,744,627$10,875,961$5,380,945$50,663,012
78$94,403,277$11,321,581$5,473,905$55,484,257
79$103,942,359$11,786,287$5,567,229$60,786,222
80$114,451,591$12,270,926$5,660,842$66,617,567
81$126,029,839$12,776,387$5,754,666$73,031,898
82$138,786,050$13,303,597$5,848,614$80,088,276
83$152,840,281$13,853,527$5,942,596$87,851,772
84$168,324,832$14,427,192$6,036,516$96,394,076
85$185,385,495$15,025,655$6,130,270$105,794,177
86$204,182,929$15,650,025$6,223,747$116,139,101
87$224,894,176$16,301,466$6,316,831$127,524,736
88$247,714,336$16,981,191$6,409,399$140,056,729
89$272,858,401$17,690,473$6,501,317$153,851,487
90$300,563,294$18,430,641$6,592,447$169,037,269
91$331,090,095$19,203,088$6,682,639$185,755,396
92$364,726,515$20,009,269$6,771,737$204,161,581
93$401,789,604$20,850,708$6,859,575$224,427,399
94$442,628,749$21,728,999$6,945,976$246,741,900
95$487,628,970$22,645,808$7,030,755$271,313,396
96$537,214,555$23,602,882$7,113,715$298,371,419
97$591,853,063$24,602,047$7,194,648$328,168,885
98$652,059,741$25,645,214$7,273,335$360,984,484
99$718,402,388$26,734,382$7,349,544$397,125,300
100$791,506,709$27,871,644$7,423,032$436,929,711