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%11%
1 years$203,970$202,153$200,381$198,651$196,961$196,131
2 years$100,975$99,095$97,272$95,505$93,791$92,953
3 years$66,648$64,760$62,942$61,191$59,505$58,685
4 years$49,488$47,605$45,805$44,085$42,439$41,644
5 years$39,195$37,323$35,547$33,861$32,262$31,493
6 years$32,335$30,477$28,727$27,079$25,528$24,786
7 years$27,436$25,595$23,872$22,263$20,761$20,048
8 years$23,765$21,939$20,246$18,676$17,223$16,538
9 years$20,910$19,102$17,438$15,908$14,504$13,847
10 years$18,628$16,838$15,202$13,713$12,358$11,729
11 years$16,762$14,989$13,384$11,934$10,629$10,026
12 years$15,208$13,454$11,878$10,468$9,211$8,635
13 years$13,894$12,158$10,612$9,242$8,032$7,483
14 years$12,769$11,052$9,535$8,204$7,041$6,517
15 years$11,795$10,096$8,609$7,316$6,199$5,701
16 years$10,943$9,263$7,805$6,551$5,479$5,005
17 years$10,192$8,531$7,102$5,886$4,858$4,407
18 years$9,526$7,883$6,484$5,304$4,319$3,892
19 years$8,930$7,306$5,935$4,793$3,850$3,445
20 years$8,395$6,789$5,447$4,341$3,439$3,055
21 years$7,911$6,323$5,010$3,940$3,077$2,714
22 years$7,472$5,903$4,618$3,582$2,758$2,415
23 years$7,071$5,521$4,264$3,262$2,476$2,152
24 years$6,705$5,172$3,943$2,975$2,226$1,920
25 years$6,368$4,854$3,652$2,717$2,003$1,714
26 years$6,058$4,562$3,387$2,485$1,804$1,532
27 years$5,771$4,293$3,145$2,274$1,626$1,371
28 years$5,505$4,046$2,924$2,084$1,468$1,227
29 years$5,258$3,817$2,721$1,911$1,325$1,099
30 years$5,028$3,604$2,535$1,754$1,197$985
31 years$4,813$3,407$2,363$1,611$1,083$884
32 years$4,612$3,224$2,205$1,480$979$793
33 years$4,423$3,053$2,058$1,361$886$712
34 years$4,246$2,894$1,923$1,252$802$639
35 years$4,080$2,745$1,798$1,153$727$574
36 years$3,923$2,605$1,682$1,062$658$516
37 years$3,775$2,474$1,574$978$597$464
38 years$3,635$2,351$1,474$902$541$417
39 years$3,502$2,236$1,381$831$491$375
40 years$3,377$2,127$1,295$767$445$337
41 years$3,258$2,025$1,214$707$404$303
42 years$3,145$1,929$1,139$653$366$273
43 years$3,037$1,838$1,069$603$332$245
44 years$2,935$1,752$1,003$557$302$221
45 years$2,837$1,670$942$514$274$199
46 years$2,744$1,593$885$475$249$179
47 years$2,655$1,521$831$439$226$161
48 years$2,570$1,452$781$405$205$145
49 years$2,489$1,386$734$375$186$131
50 years$2,412$1,324$690$346$169$118

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 $3,135 every year, while hoping to spend $44,836 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: 60/33/7 Blend
39$2,470,000$2,470,000$2,470,000$2,470,000
40$2,725,174$2,594,264$2,555,979$2,884,596
41$2,955,436$2,673,678$2,593,899$3,071,140
42$3,207,683$2,755,480$2,631,587$3,269,089
43$3,484,109$2,839,740$2,668,987$3,483,860
44$3,787,131$2,926,531$2,706,041$3,717,070
45$4,119,412$3,015,925$2,742,687$3,970,503
46$4,483,885$3,107,998$2,778,860$4,246,118
47$4,883,779$3,202,828$2,814,490$4,546,073
48$5,322,653$3,300,494$2,849,503$4,872,742
49$5,804,424$3,401,080$2,883,823$5,228,741
50$6,333,411$3,504,667$2,917,366$5,616,946
51$6,914,367$3,611,345$2,950,046$6,040,525
52$7,552,532$3,721,200$2,981,772$6,502,967
53$8,253,676$3,834,324$3,012,447$7,008,111
54$9,024,156$3,950,812$3,041,969$7,560,187
55$9,870,976$4,070,758$3,070,232$8,163,850
56$10,801,853$4,194,262$3,097,121$8,824,229
57$11,825,285$4,321,424$3,122,519$9,546,971
58$12,950,640$4,452,350$3,146,299$10,338,295
59$14,188,235$4,587,145$3,168,329$11,205,052
60$15,549,439$4,725,918$3,188,472$12,154,785
61$17,046,776$4,868,783$3,206,580$13,195,806
62$18,694,048$5,015,853$3,222,501$14,337,268
63$20,506,459$5,167,248$3,236,073$15,589,254
64$22,500,763$5,323,089$3,247,127$16,962,872
65$24,695,419$5,483,499$3,255,484$18,470,357
66$27,110,767$5,648,605$3,260,958$20,125,188
67$29,769,217$5,818,539$3,263,352$21,942,215
68$32,695,464$5,993,434$3,262,461$23,937,796
69$35,916,716$6,173,427$3,258,068$26,129,955
70$39,462,955$6,358,659$3,249,947$28,538,548
71$43,367,216$6,549,273$3,237,860$31,185,450
72$47,665,902$6,745,417$3,221,558$34,094,765
73$52,399,123$6,947,242$3,200,780$37,293,047
74$57,611,079$7,154,902$3,175,251$40,809,554
75$63,350,472$7,368,556$3,144,685$44,676,523
76$69,670,971$7,588,365$3,108,782$48,929,475
77$76,631,710$7,814,495$3,067,227$53,607,544
78$84,297,856$8,047,117$3,019,690$58,753,852
79$92,741,214$8,286,402$2,965,827$64,415,915
80$102,040,912$8,532,530$2,905,276$70,646,086
81$112,284,141$8,785,681$2,837,660$77,502,052
82$123,566,985$9,046,040$2,762,582$85,047,380
83$135,995,319$9,313,797$2,679,630$93,352,110
84$149,685,815$9,589,147$2,588,371$102,493,422
85$164,767,039$9,872,286$2,488,353$112,556,361
86$181,380,666$10,163,417$2,379,102$123,634,637
87$199,682,816$10,462,747$2,260,124$135,831,513
88$219,845,527$10,770,485$2,130,901$149,260,778
89$242,058,378$11,086,847$1,990,895$164,047,816
90$266,530,282$11,412,051$1,839,539$180,330,796
91$293,491,452$11,746,322$1,676,244$198,261,970
92$323,195,575$12,089,888$1,500,394$218,009,111
93$355,922,211$12,442,980$1,311,344$239,757,099
94$391,979,426$12,805,835$1,108,423$263,709,659
95$431,706,701$13,178,694$890,929$290,091,291
96$475,478,137$13,561,803$658,128$319,149,383
97$523,705,986$13,955,411$409,254$351,156,547
98$576,844,542$14,359,771$143,509$386,413,192
99$635,394,428$14,775,142$0$425,250,361
100$699,907,322$15,201,786$0$468,043,315