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

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 $2,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$203,145$201,335$199,570$197,846$196,164$192,756
2 years$100,567$98,694$96,878$95,118$93,411$89,989
3 years$66,378$64,497$62,687$60,943$59,264$55,933
4 years$49,288$47,412$45,620$43,906$42,268$39,055
5 years$39,036$37,172$35,403$33,724$32,131$29,045
6 years$32,204$30,354$28,611$26,970$25,424$22,469
7 years$27,325$25,491$23,776$22,173$20,677$17,853
8 years$23,668$21,850$20,164$18,600$17,153$14,460
9 years$20,825$19,025$17,367$15,843$14,446$11,882
10 years$18,552$16,769$15,141$13,657$12,308$9,871
11 years$16,694$14,929$13,330$11,886$10,586$8,273
12 years$15,146$13,399$11,830$10,426$9,173$6,982
13 years$13,838$12,109$10,569$9,204$7,999$5,926
14 years$12,717$11,007$9,496$8,170$7,012$5,053
15 years$11,747$10,055$8,574$7,287$6,174$4,325
16 years$10,899$9,225$7,774$6,524$5,457$3,715
17 years$10,151$8,496$7,074$5,862$4,838$3,199
18 years$9,487$7,851$6,457$5,283$4,302$2,761
19 years$8,894$7,276$5,911$4,774$3,834$2,388
20 years$8,361$6,761$5,425$4,323$3,425$2,068
21 years$7,879$6,298$4,990$3,924$3,065$1,794
22 years$7,441$5,879$4,599$3,568$2,747$1,558
23 years$7,043$5,498$4,247$3,249$2,466$1,355
24 years$6,678$5,152$3,927$2,963$2,217$1,179
25 years$6,342$4,834$3,637$2,706$1,995$1,027
26 years$6,033$4,544$3,374$2,474$1,797$895
27 years$5,748$4,276$3,133$2,265$1,620$781
28 years$5,483$4,029$2,912$2,075$1,462$681
29 years$5,237$3,801$2,710$1,903$1,320$595
30 years$5,007$3,590$2,524$1,746$1,193$519
31 years$4,793$3,394$2,353$1,604$1,078$454
32 years$4,593$3,211$2,196$1,474$975$396
33 years$4,405$3,041$2,050$1,356$883$347
34 years$4,229$2,882$1,916$1,247$799$303
35 years$4,063$2,734$1,791$1,148$724$265
36 years$3,907$2,595$1,675$1,057$656$232
37 years$3,760$2,464$1,568$974$594$203
38 years$3,620$2,342$1,468$898$539$177
39 years$3,488$2,227$1,376$828$489$155
40 years$3,363$2,119$1,290$764$443$136
41 years$3,245$2,017$1,209$705$402$119
42 years$3,132$1,921$1,134$650$365$104
43 years$3,025$1,830$1,064$600$331$91
44 years$2,923$1,744$999$554$301$80
45 years$2,826$1,664$938$512$273$70
46 years$2,733$1,587$881$473$248$61
47 years$2,645$1,514$828$437$225$53
48 years$2,560$1,446$778$404$204$47
49 years$2,479$1,381$731$373$186$41
50 years$2,402$1,319$687$345$169$36

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 $3,738 every year, while hoping to spend $35,160 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: 41/30/29 Blend
39$2,460,000$2,460,000$2,460,000$2,460,000
40$2,714,776$2,584,396$2,546,266$2,802,798
41$2,954,273$2,673,621$2,594,156$2,956,173
42$3,217,020$2,766,040$2,642,472$3,118,531
43$3,505,353$2,861,772$2,691,190$3,293,615
44$3,821,841$2,960,941$2,740,288$3,482,617
45$4,169,317$3,063,676$2,789,736$3,686,851
46$4,550,903$3,170,111$2,839,507$3,907,759
47$4,970,034$3,280,386$2,889,569$4,146,930
48$5,430,496$3,394,644$2,939,889$4,406,109
49$5,936,462$3,513,037$2,990,431$4,687,218
50$6,492,526$3,635,721$3,041,155$4,992,370
51$7,103,751$3,762,858$3,092,021$5,323,892
52$7,775,714$3,894,618$3,142,984$5,684,344
53$8,514,560$4,031,177$3,193,997$6,076,544
54$9,327,058$4,172,718$3,245,009$6,503,592
55$10,220,667$4,319,431$3,295,966$6,968,902
56$11,203,605$4,471,513$3,346,811$7,476,233
57$12,284,927$4,629,171$3,397,483$8,029,722
58$13,474,608$4,792,618$3,447,917$8,633,925
59$14,783,639$4,962,079$3,498,044$9,293,856
60$16,224,133$5,137,783$3,547,791$10,015,041
61$17,809,432$5,319,972$3,597,080$10,803,559
62$19,554,241$5,508,897$3,645,829$11,666,109
63$21,474,760$5,704,820$3,693,950$12,610,068
64$23,588,841$5,908,011$3,741,353$13,643,558
65$25,916,153$6,118,754$3,787,938$14,775,526
66$28,478,370$6,337,343$3,833,604$16,015,828
67$31,299,375$6,564,084$3,878,241$17,375,317
68$34,405,483$6,799,295$3,921,733$18,865,950
69$37,825,691$7,043,310$3,963,961$20,500,897
70$41,591,953$7,296,473$4,004,794$22,294,664
71$45,739,476$7,559,144$4,044,099$24,263,233
72$50,307,059$7,831,698$4,081,732$26,424,208
73$55,337,453$8,114,526$4,117,544$28,796,984
74$60,877,768$8,408,032$4,151,377$31,402,926
75$66,979,916$8,712,641$4,183,064$34,265,573
76$73,701,100$9,028,794$4,212,429$37,410,857
77$81,104,356$9,356,949$4,239,290$40,867,348
78$89,259,145$9,697,584$4,263,450$44,666,523
79$98,242,010$10,051,198$4,284,708$48,843,060
80$108,137,298$10,418,309$4,302,849$53,435,170
81$119,037,956$10,799,459$4,317,647$58,484,950
82$131,046,406$11,195,211$4,328,867$64,038,784
83$144,275,515$11,606,152$4,336,260$70,147,777
84$158,849,658$12,032,894$4,339,565$76,868,240
85$174,905,892$12,476,075$4,338,509$84,262,216
86$192,595,249$12,936,359$4,332,806$92,398,069
87$212,084,163$13,414,439$4,322,153$101,351,124
88$233,556,038$13,911,037$4,306,236$111,204,380
89$257,212,982$14,426,906$4,284,723$122,049,292
90$283,277,712$14,962,831$4,257,268$133,986,632
91$311,995,659$15,519,630$4,223,506$147,127,437
92$343,637,281$16,098,156$4,183,058$161,594,062
93$378,500,617$16,699,299$4,135,523$177,521,326
94$416,914,101$17,323,986$4,080,485$195,057,792
95$459,239,663$17,973,186$4,017,506$214,367,158
96$505,876,143$18,647,906$3,946,126$235,629,810
97$557,263,056$19,349,199$3,865,868$259,044,518
98$613,884,742$20,078,164$3,776,228$284,830,310
99$676,274,937$20,835,945$3,676,683$313,228,543
100$745,021,810$21,623,737$3,566,682$344,505,176