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%16.9%
1 years$203,145$201,335$199,570$197,846$196,164$190,649
2 years$100,567$98,694$96,878$95,118$93,411$87,897
3 years$66,378$64,497$62,687$60,943$59,264$53,923
4 years$49,288$47,412$45,620$43,906$42,268$37,141
5 years$39,036$37,172$35,403$33,724$32,131$27,233
6 years$32,204$30,354$28,611$26,970$25,424$20,760
7 years$27,325$25,491$23,776$22,173$20,677$16,245
8 years$23,668$21,850$20,164$18,600$17,153$12,953
9 years$20,825$19,025$17,367$15,843$14,446$10,471
10 years$18,552$16,769$15,141$13,657$12,308$8,556
11 years$16,694$14,929$13,330$11,886$10,586$7,048
12 years$15,146$13,399$11,830$10,426$9,173$5,844
13 years$13,838$12,109$10,569$9,204$7,999$4,872
14 years$12,717$11,007$9,496$8,170$7,012$4,078
15 years$11,747$10,055$8,574$7,287$6,174$3,426
16 years$10,899$9,225$7,774$6,524$5,457$2,886
17 years$10,151$8,496$7,074$5,862$4,838$2,438
18 years$9,487$7,851$6,457$5,283$4,302$2,063
19 years$8,894$7,276$5,911$4,774$3,834$1,748
20 years$8,361$6,761$5,425$4,323$3,425$1,484
21 years$7,879$6,298$4,990$3,924$3,065$1,261
22 years$7,441$5,879$4,599$3,568$2,747$1,073
23 years$7,043$5,498$4,247$3,249$2,466$913
24 years$6,678$5,152$3,927$2,963$2,217$778
25 years$6,342$4,834$3,637$2,706$1,995$663
26 years$6,033$4,544$3,374$2,474$1,797$566
27 years$5,748$4,276$3,133$2,265$1,620$483
28 years$5,483$4,029$2,912$2,075$1,462$412
29 years$5,237$3,801$2,710$1,903$1,320$352
30 years$5,007$3,590$2,524$1,746$1,193$300
31 years$4,793$3,394$2,353$1,604$1,078$257
32 years$4,593$3,211$2,196$1,474$975$219
33 years$4,405$3,041$2,050$1,356$883$187
34 years$4,229$2,882$1,916$1,247$799$160
35 years$4,063$2,734$1,791$1,148$724$137
36 years$3,907$2,595$1,675$1,057$656$117
37 years$3,760$2,464$1,568$974$594$100
38 years$3,620$2,342$1,468$898$539$86
39 years$3,488$2,227$1,376$828$489$73
40 years$3,363$2,119$1,290$764$443$63
41 years$3,245$2,017$1,209$705$402$54
42 years$3,132$1,921$1,134$650$365$46
43 years$3,025$1,830$1,064$600$331$39
44 years$2,923$1,744$999$554$301$33
45 years$2,826$1,664$938$512$273$29
46 years$2,733$1,587$881$473$248$24
47 years$2,645$1,514$828$437$225$21
48 years$2,560$1,446$778$404$204$18
49 years$2,479$1,381$731$373$186$15
50 years$2,402$1,319$687$345$169$13

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 $3,341 every year, while hoping to spend $24,737 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: 59/21/20 Blend
39$2,460,000$2,460,000$2,460,000$2,460,000
40$2,714,366$2,583,986$2,545,856$2,860,016
41$2,964,912$2,684,282$2,604,822$3,059,495
42$3,240,184$2,788,662$2,664,935$3,273,954
43$3,542,678$2,897,303$2,726,206$3,507,293
44$3,875,145$3,010,384$2,788,648$3,761,342
45$4,240,613$3,128,096$2,852,271$4,038,114
46$4,642,421$3,250,638$2,917,087$4,339,826
47$5,084,245$3,378,217$2,983,106$4,668,916
48$5,570,136$3,511,047$3,050,339$5,028,068
49$6,104,558$3,649,357$3,118,793$5,420,236
50$6,692,429$3,793,381$3,188,479$5,848,671
51$7,339,166$3,943,367$3,259,402$6,316,951
52$8,050,740$4,099,571$3,331,571$6,829,017
53$8,833,729$4,262,262$3,404,992$7,389,206
54$9,695,379$4,431,723$3,479,669$8,002,293
55$10,643,677$4,608,247$3,555,607$8,673,536
56$11,687,421$4,792,141$3,632,810$9,408,724
57$12,836,308$4,983,725$3,711,278$10,214,232
58$14,101,018$5,183,335$3,791,013$11,097,081
59$15,493,325$5,391,321$3,872,015$12,064,999
60$17,026,198$5,608,049$3,954,281$13,126,502
61$18,713,930$5,833,903$4,037,809$14,290,965
62$20,572,268$6,069,282$4,122,593$15,568,715
63$22,618,567$6,314,604$4,208,628$16,971,126
64$24,871,948$6,570,307$4,295,904$18,510,724
65$27,353,482$6,836,847$4,384,412$20,201,309
66$30,086,387$7,114,703$4,474,140$22,058,080
67$33,096,248$7,404,373$4,565,073$24,097,778
68$36,411,258$7,706,380$4,657,196$26,338,845
69$40,062,484$8,021,270$4,750,489$28,801,598
70$44,084,159$8,349,614$4,844,932$31,508,415
71$48,514,007$8,692,009$4,940,501$34,483,951
72$53,393,597$9,049,079$5,037,170$37,755,366
73$58,768,737$9,421,477$5,134,908$41,352,580
74$64,689,905$9,809,885$5,233,684$45,308,556
75$71,212,724$10,215,019$5,333,461$49,659,612
76$78,398,491$10,637,624$5,434,201$54,445,756
77$86,314,752$11,078,482$5,535,862$59,711,070
78$95,035,939$11,538,410$5,638,395$65,504,118
79$104,644,075$12,018,263$5,741,752$71,878,408
80$115,229,547$12,518,934$5,845,877$78,892,894
81$126,891,958$13,041,359$5,950,711$86,612,529
82$139,741,068$13,586,516$6,056,190$95,108,880
83$153,897,830$14,155,429$6,162,246$104,460,799
84$169,495,533$14,749,168$6,268,805$114,755,169
85$186,681,055$15,368,855$6,375,788$126,087,719
86$205,616,255$16,015,662$6,483,109$138,563,926
87$226,479,498$16,690,814$6,590,678$152,300,011
88$249,467,339$17,395,596$6,698,398$167,424,034
89$274,796,378$18,131,351$6,806,165$184,077,099
90$302,705,305$18,899,483$6,913,868$202,414,683
91$333,457,153$19,701,465$7,021,390$222,608,105
92$367,341,781$20,538,835$7,128,604$244,846,139
93$404,678,608$21,413,204$7,235,379$269,336,794
94$445,819,633$22,326,258$7,341,571$296,309,273
95$491,152,753$23,279,762$7,447,030$326,016,138
96$541,105,425$24,275,562$7,551,598$358,735,687
97$596,148,706$25,315,591$7,655,103$394,774,582
98$656,801,692$26,401,874$7,757,368$434,470,739
99$723,636,427$27,536,528$7,858,202$478,196,517
100$797,283,295$28,721,770$7,957,404$526,362,226