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

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 $2,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$203,970$202,153$200,381$198,651$196,961$195,393
2 years$100,975$99,095$97,272$95,505$93,791$92,210
3 years$66,648$64,760$62,942$61,191$59,505$57,960
4 years$49,488$47,605$45,805$44,085$42,439$40,943
5 years$39,195$37,323$35,547$33,861$32,262$30,818
6 years$32,335$30,477$28,727$27,079$25,528$24,138
7 years$27,436$25,595$23,872$22,263$20,761$19,427
8 years$23,765$21,939$20,246$18,676$17,223$15,944
9 years$20,910$19,102$17,438$15,908$14,504$13,280
10 years$18,628$16,838$15,202$13,713$12,358$11,188
11 years$16,762$14,989$13,384$11,934$10,629$9,512
12 years$15,208$13,454$11,878$10,468$9,211$8,146
13 years$13,894$12,158$10,612$9,242$8,032$7,018
14 years$12,769$11,052$9,535$8,204$7,041$6,077
15 years$11,795$10,096$8,609$7,316$6,199$5,284
16 years$10,943$9,263$7,805$6,551$5,479$4,610
17 years$10,192$8,531$7,102$5,886$4,858$4,035
18 years$9,526$7,883$6,484$5,304$4,319$3,541
19 years$8,930$7,306$5,935$4,793$3,850$3,114
20 years$8,395$6,789$5,447$4,341$3,439$2,743
21 years$7,911$6,323$5,010$3,940$3,077$2,421
22 years$7,472$5,903$4,618$3,582$2,758$2,140
23 years$7,071$5,521$4,264$3,262$2,476$1,894
24 years$6,705$5,172$3,943$2,975$2,226$1,678
25 years$6,368$4,854$3,652$2,717$2,003$1,488
26 years$6,058$4,562$3,387$2,485$1,804$1,321
27 years$5,771$4,293$3,145$2,274$1,626$1,173
28 years$5,505$4,046$2,924$2,084$1,468$1,043
29 years$5,258$3,817$2,721$1,911$1,325$928
30 years$5,028$3,604$2,535$1,754$1,197$825
31 years$4,813$3,407$2,363$1,611$1,083$735
32 years$4,612$3,224$2,205$1,480$979$655
33 years$4,423$3,053$2,058$1,361$886$583
34 years$4,246$2,894$1,923$1,252$802$520
35 years$4,080$2,745$1,798$1,153$727$463
36 years$3,923$2,605$1,682$1,062$658$413
37 years$3,775$2,474$1,574$978$597$369
38 years$3,635$2,351$1,474$902$541$329
39 years$3,502$2,236$1,381$831$491$293
40 years$3,377$2,127$1,295$767$445$262
41 years$3,258$2,025$1,214$707$404$234
42 years$3,145$1,929$1,139$653$366$209
43 years$3,037$1,838$1,069$603$332$186
44 years$2,935$1,752$1,003$557$302$166
45 years$2,837$1,670$942$514$274$149
46 years$2,744$1,593$885$475$249$133
47 years$2,655$1,521$831$439$226$118
48 years$2,570$1,452$781$405$205$106
49 years$2,489$1,386$734$375$186$95
50 years$2,412$1,324$690$346$169$84

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 $6,179 every year, while hoping to spend $26,815 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: 27/45/28 Blend
39$2,470,000$2,470,000$2,470,000$2,470,000
40$2,728,314$2,597,404$2,559,119$2,778,069
41$2,978,071$2,696,145$2,616,318$2,917,603
42$3,252,404$2,798,827$2,674,535$3,064,599
43$3,553,793$2,905,613$2,733,775$3,221,880
44$3,884,967$3,016,675$2,794,044$3,390,341
45$4,248,934$3,132,193$2,855,345$3,570,964
46$4,649,008$3,252,353$2,917,682$3,764,823
47$5,088,841$3,377,352$2,981,059$3,973,098
48$5,572,454$3,507,394$3,045,475$4,197,083
49$6,104,279$3,642,691$3,110,933$4,438,198
50$6,689,198$3,783,465$3,177,432$4,697,998
51$7,332,591$3,929,950$3,244,971$4,978,196
52$8,040,385$4,082,387$3,313,547$5,280,667
53$8,819,109$4,241,029$3,383,156$5,607,474
54$9,675,959$4,406,140$3,453,793$5,960,880
55$10,618,863$4,577,997$3,525,451$6,343,372
56$11,656,556$4,756,888$3,598,122$6,757,684
57$12,798,663$4,943,113$3,671,797$7,206,819
58$14,055,788$5,136,987$3,746,463$7,694,076
59$15,439,617$5,338,838$3,822,109$8,223,084
60$16,963,026$5,549,010$3,898,718$8,797,833
61$18,640,203$5,767,859$3,976,273$9,422,706
62$20,486,780$5,995,761$4,054,755$10,102,528
63$22,519,985$6,233,107$4,134,142$10,842,601
64$24,758,799$6,480,304$4,214,411$11,648,760
65$27,224,137$6,737,780$4,295,535$12,527,423
66$29,939,049$7,005,980$4,377,485$13,485,647
67$32,928,929$7,285,371$4,460,228$14,531,202
68$36,221,765$7,576,439$4,543,731$15,672,634
69$39,848,393$7,879,693$4,627,954$16,919,347
70$43,842,796$8,195,665$4,712,857$18,281,692
71$48,242,419$8,524,910$4,798,396$19,771,059
72$53,088,524$8,868,009$4,884,521$21,399,986
73$58,426,582$9,225,570$4,971,180$23,182,275
74$64,306,697$9,598,226$5,058,318$25,133,116
75$70,784,083$9,986,642$5,145,875$27,269,233
76$77,919,582$10,391,510$5,233,784$29,609,039
77$85,780,241$10,813,556$5,321,978$32,172,805
78$94,439,943$11,253,537$5,410,381$34,982,849
79$103,980,102$11,712,246$5,498,914$38,063,749
80$114,490,438$12,190,512$5,587,493$41,442,564
81$126,069,815$12,689,199$5,676,027$45,149,095
82$138,827,182$13,209,215$5,764,419$49,216,158
83$152,882,594$13,751,507$5,852,567$53,679,891
84$168,368,352$14,317,064$5,940,362$58,580,096
85$185,430,248$14,906,924$6,027,687$63,960,607
86$204,228,938$15,522,169$6,114,420$69,869,702
87$224,941,467$16,163,932$6,200,430$76,360,556
88$247,762,931$16,833,398$6,285,578$83,491,736
89$272,908,323$17,531,808$6,369,718$91,327,757
90$300,614,562$18,260,457$6,452,695$99,939,677
91$331,142,730$19,020,702$6,534,343$109,405,771
92$364,780,534$19,813,962$6,614,489$119,812,264
93$401,845,024$20,641,721$6,692,949$131,254,138
94$442,685,582$21,505,532$6,769,529$143,836,027
95$487,687,228$22,407,019$6,844,024$157,673,195
96$537,274,244$23,347,881$6,916,217$172,892,624
97$591,914,187$24,329,898$6,985,881$189,634,205
98$652,122,301$25,354,930$7,052,775$208,052,052
99$718,466,378$26,424,924$7,116,646$228,315,953
100$791,572,120$27,541,917$7,177,225$250,612,963