Can I retire at age 40 with 2,470,000?

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 $2,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$203,970$202,153$200,381$198,651$196,961$194,742
2 years$100,975$99,095$97,272$95,505$93,791$91,557
3 years$66,648$64,760$62,942$61,191$59,505$57,326
4 years$49,488$47,605$45,805$44,085$42,439$40,331
5 years$39,195$37,323$35,547$33,861$32,262$30,231
6 years$32,335$30,477$28,727$27,079$25,528$23,577
7 years$27,436$25,595$23,872$22,263$20,761$18,891
8 years$23,765$21,939$20,246$18,676$17,223$15,434
9 years$20,910$19,102$17,438$15,908$14,504$12,795
10 years$18,628$16,838$15,202$13,713$12,358$10,727
11 years$16,762$14,989$13,384$11,934$10,629$9,075
12 years$15,208$13,454$11,878$10,468$9,211$7,733
13 years$13,894$12,158$10,612$9,242$8,032$6,628
14 years$12,769$11,052$9,535$8,204$7,041$5,708
15 years$11,795$10,096$8,609$7,316$6,199$4,937
16 years$10,943$9,263$7,805$6,551$5,479$4,284
17 years$10,192$8,531$7,102$5,886$4,858$3,729
18 years$9,526$7,883$6,484$5,304$4,319$3,253
19 years$8,930$7,306$5,935$4,793$3,850$2,844
20 years$8,395$6,789$5,447$4,341$3,439$2,492
21 years$7,911$6,323$5,010$3,940$3,077$2,186
22 years$7,472$5,903$4,618$3,582$2,758$1,921
23 years$7,071$5,521$4,264$3,262$2,476$1,689
24 years$6,705$5,172$3,943$2,975$2,226$1,487
25 years$6,368$4,854$3,652$2,717$2,003$1,311
26 years$6,058$4,562$3,387$2,485$1,804$1,156
27 years$5,771$4,293$3,145$2,274$1,626$1,021
28 years$5,505$4,046$2,924$2,084$1,468$901
29 years$5,258$3,817$2,721$1,911$1,325$797
30 years$5,028$3,604$2,535$1,754$1,197$704
31 years$4,813$3,407$2,363$1,611$1,083$623
32 years$4,612$3,224$2,205$1,480$979$551
33 years$4,423$3,053$2,058$1,361$886$488
34 years$4,246$2,894$1,923$1,252$802$432
35 years$4,080$2,745$1,798$1,153$727$382
36 years$3,923$2,605$1,682$1,062$658$339
37 years$3,775$2,474$1,574$978$597$300
38 years$3,635$2,351$1,474$902$541$266
39 years$3,502$2,236$1,381$831$491$236
40 years$3,377$2,127$1,295$767$445$209
41 years$3,258$2,025$1,214$707$404$185
42 years$3,145$1,929$1,139$653$366$164
43 years$3,037$1,838$1,069$603$332$146
44 years$2,935$1,752$1,003$557$302$129
45 years$2,837$1,670$942$514$274$114
46 years$2,744$1,593$885$475$249$102
47 years$2,655$1,521$831$439$226$90
48 years$2,570$1,452$781$405$205$80
49 years$2,489$1,386$734$375$186$71
50 years$2,412$1,324$690$346$169$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,470,000, adding $2,425 every year, while hoping to spend $43,849 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: 21/50/29 Blend
39$2,470,000$2,470,000$2,470,000$2,470,000
40$2,724,441$2,593,531$2,555,246$2,756,504
41$2,955,679$2,673,959$2,594,192$2,866,609
42$3,209,034$2,756,859$2,632,973$2,980,426
43$3,486,715$2,842,304$2,671,537$3,101,146
44$3,791,156$2,930,373$2,709,829$3,229,355
45$4,125,036$3,021,144$2,747,791$3,365,699
46$4,491,309$3,114,699$2,785,361$3,510,884
47$4,893,226$3,211,123$2,822,474$3,665,688
48$5,334,367$3,310,500$2,859,060$3,830,965
49$5,818,680$3,412,922$2,895,045$4,007,651
50$6,350,508$3,518,478$2,930,352$4,196,778
51$6,934,641$3,627,264$2,964,899$4,399,479
52$7,576,350$3,739,376$2,998,600$4,616,998
53$8,281,448$3,854,915$3,031,362$4,850,706
54$9,056,332$3,973,983$3,063,090$5,102,109
55$9,908,056$4,096,686$3,093,681$5,372,864
56$10,844,386$4,223,132$3,123,029$5,664,792
57$11,873,883$4,353,434$3,151,019$5,979,901
58$13,005,973$4,487,708$3,177,533$6,320,397
59$14,251,048$4,626,070$3,202,445$6,688,708
60$15,620,551$4,768,644$3,225,624$7,087,509
61$17,127,095$4,915,555$3,246,929$7,519,741
62$18,784,573$5,066,932$3,266,216$7,988,644
63$20,608,295$5,222,907$3,283,330$8,497,785
64$22,615,130$5,383,618$3,298,110$9,051,091
65$24,823,662$5,549,205$3,310,386$9,652,886
66$27,254,371$5,719,811$3,319,979$10,307,931
67$29,929,821$5,895,586$3,326,703$11,021,470
68$32,874,876$6,076,683$3,330,360$11,799,279
69$36,116,930$6,263,257$3,330,745$12,647,718
70$39,686,172$6,455,472$3,327,640$13,573,793
71$43,615,865$6,653,493$3,320,818$14,585,221
72$47,942,659$6,857,490$3,310,042$15,690,502
73$52,706,943$7,067,640$3,295,061$16,899,000
74$57,953,219$7,284,122$3,275,613$18,221,029
75$63,730,525$7,507,122$3,251,424$19,667,955
76$70,092,898$7,736,830$3,222,206$21,252,295
77$77,099,881$7,973,443$3,187,658$22,987,842
78$84,817,089$8,217,161$3,147,464$24,889,791
79$93,316,821$8,468,192$3,101,294$26,974,884
80$102,678,751$8,726,747$3,048,801$29,261,567
81$112,990,671$8,993,045$2,989,623$31,770,163
82$124,349,326$9,267,311$2,923,382$34,523,064
83$136,861,322$9,549,774$2,849,680$37,544,945
84$150,644,136$9,840,672$2,768,103$40,862,990
85$165,827,219$10,140,246$2,678,216$44,507,156
86$182,553,225$10,448,747$2,579,566$48,510,450
87$200,979,349$10,766,431$2,471,677$52,909,243
88$221,278,818$11,093,562$2,354,053$57,743,613
89$243,642,519$11,430,408$2,226,175$63,057,720
90$268,280,805$11,777,247$2,087,501$68,900,229
91$295,425,479$12,134,364$1,937,464$75,324,763
92$325,331,980$12,502,050$1,775,472$82,390,412
93$358,281,798$12,880,607$1,600,906$90,162,289
94$394,585,125$13,270,339$1,413,120$98,712,147
95$434,583,786$13,671,565$1,211,438$108,119,056
96$478,654,466$14,084,606$995,156$118,470,146
97$527,212,265$14,509,795$763,536$129,861,434
98$580,714,613$14,947,472$515,812$142,398,726
99$639,665,592$15,397,986$251,180$156,198,621
100$704,620,690$15,861,695$0$171,389,607