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%12.2%
1 years$203,970$202,153$200,381$198,651$196,961$195,148
2 years$100,975$99,095$97,272$95,505$93,791$91,964
3 years$66,648$64,760$62,942$61,191$59,505$57,721
4 years$49,488$47,605$45,805$44,085$42,439$40,712
5 years$39,195$37,323$35,547$33,861$32,262$30,596
6 years$32,335$30,477$28,727$27,079$25,528$23,926
7 years$27,436$25,595$23,872$22,263$20,761$19,224
8 years$23,765$21,939$20,246$18,676$17,223$15,751
9 years$20,910$19,102$17,438$15,908$14,504$13,096
10 years$18,628$16,838$15,202$13,713$12,358$11,013
11 years$16,762$14,989$13,384$11,934$10,629$9,346
12 years$15,208$13,454$11,878$10,468$9,211$7,989
13 years$13,894$12,158$10,612$9,242$8,032$6,869
14 years$12,769$11,052$9,535$8,204$7,041$5,936
15 years$11,795$10,096$8,609$7,316$6,199$5,151
16 years$10,943$9,263$7,805$6,551$5,479$4,485
17 years$10,192$8,531$7,102$5,886$4,858$3,917
18 years$9,526$7,883$6,484$5,304$4,319$3,430
19 years$8,930$7,306$5,935$4,793$3,850$3,010
20 years$8,395$6,789$5,447$4,341$3,439$2,646
21 years$7,911$6,323$5,010$3,940$3,077$2,330
22 years$7,472$5,903$4,618$3,582$2,758$2,055
23 years$7,071$5,521$4,264$3,262$2,476$1,815
24 years$6,705$5,172$3,943$2,975$2,226$1,604
25 years$6,368$4,854$3,652$2,717$2,003$1,419
26 years$6,058$4,562$3,387$2,485$1,804$1,257
27 years$5,771$4,293$3,145$2,274$1,626$1,114
28 years$5,505$4,046$2,924$2,084$1,468$988
29 years$5,258$3,817$2,721$1,911$1,325$876
30 years$5,028$3,604$2,535$1,754$1,197$778
31 years$4,813$3,407$2,363$1,611$1,083$691
32 years$4,612$3,224$2,205$1,480$979$614
33 years$4,423$3,053$2,058$1,361$886$546
34 years$4,246$2,894$1,923$1,252$802$485
35 years$4,080$2,745$1,798$1,153$727$431
36 years$3,923$2,605$1,682$1,062$658$384
37 years$3,775$2,474$1,574$978$597$341
38 years$3,635$2,351$1,474$902$541$304
39 years$3,502$2,236$1,381$831$491$270
40 years$3,377$2,127$1,295$767$445$241
41 years$3,258$2,025$1,214$707$404$214
42 years$3,145$1,929$1,139$653$366$191
43 years$3,037$1,838$1,069$603$332$170
44 years$2,935$1,752$1,003$557$302$151
45 years$2,837$1,670$942$514$274$135
46 years$2,744$1,593$885$475$249$120
47 years$2,655$1,521$831$439$226$107
48 years$2,570$1,452$781$405$205$95
49 years$2,489$1,386$734$375$186$85
50 years$2,412$1,324$690$346$169$76

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 $6,986 every year, while hoping to spend $58,538 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: 45/42/13 Blend
39$2,470,000$2,470,000$2,470,000$2,470,000
40$2,729,146$2,598,236$2,559,951$2,841,546
41$2,945,235$2,663,266$2,583,425$2,985,432
42$3,181,403$2,729,520$2,605,724$3,134,873
43$3,439,636$2,796,997$2,626,746$3,295,627
44$3,722,122$2,865,692$2,646,385$3,468,764
45$4,031,268$2,935,601$2,664,529$3,655,460
46$4,369,726$3,006,714$2,681,059$3,857,011
47$4,740,416$3,079,020$2,695,852$4,074,842
48$5,146,552$3,152,506$2,708,777$4,310,526
49$5,591,677$3,227,156$2,719,698$4,565,792
50$6,079,691$3,302,949$2,728,470$4,842,548
51$6,614,887$3,379,862$2,734,942$5,142,891
52$7,201,999$3,457,868$2,738,956$5,469,137
53$7,846,237$3,536,937$2,740,344$5,823,833
54$8,553,340$3,617,034$2,738,933$6,209,786
55$9,329,631$3,698,119$2,734,538$6,630,091
56$10,182,076$3,780,149$2,726,967$7,088,157
57$11,118,346$3,863,075$2,716,019$7,587,738
58$12,146,892$3,946,841$2,701,481$8,132,975
59$13,277,027$4,031,388$2,683,132$8,728,429
60$14,519,006$4,116,648$2,660,739$9,379,125
61$15,884,131$4,202,550$2,634,060$10,090,603
62$17,384,850$4,289,013$2,602,839$10,868,967
63$19,034,880$4,375,949$2,566,809$11,720,945
64$20,849,331$4,463,264$2,525,690$12,653,951
65$22,844,852$4,550,853$2,479,190$13,676,156
66$25,039,786$4,638,605$2,427,003$14,796,566
67$27,454,343$4,726,396$2,368,807$16,025,107
68$30,110,792$4,814,094$2,304,267$17,372,718
69$33,033,665$4,901,557$2,233,032$18,851,455
70$36,249,995$4,988,630$2,154,735$20,474,608
71$39,789,569$5,075,147$2,068,993$22,256,822
72$43,685,204$5,160,929$1,975,404$24,214,239
73$47,973,063$5,245,782$1,873,548$26,364,652
74$52,692,991$5,329,501$1,762,987$28,727,669
75$57,888,891$5,411,862$1,643,262$31,324,904
76$63,609,142$5,492,627$1,513,895$34,180,177
77$69,907,049$5,571,540$1,374,385$37,319,745
78$76,841,350$5,648,328$1,224,209$40,772,543
79$84,476,769$5,722,697$1,062,822$44,570,468
80$92,884,626$5,794,335$889,653$48,748,672
81$102,143,507$5,862,907$704,106$53,345,900
82$112,340,011$5,928,056$505,559$58,404,854
83$123,569,561$5,989,400$293,364$63,972,601
84$135,937,308$6,046,531$66,843$70,101,014
85$149,559,119$6,099,018$0$76,847,268
86$164,562,676$6,146,396$0$84,298,637
87$181,088,675$6,188,175$0$92,511,783
88$199,292,154$6,223,830$0$101,554,078
89$219,343,960$6,252,804$0$111,509,999
90$241,432,356$6,274,504$0$122,472,643
91$265,764,801$6,288,299$0$134,544,610
92$292,569,905$6,293,520$0$147,838,974
93$322,099,588$6,289,455$0$162,480,347
94$354,631,457$6,275,350$0$178,606,061
95$390,471,424$6,250,400$0$196,367,464
96$429,956,597$6,213,757$0$215,931,351
97$473,458,454$6,164,516$0$237,481,542
98$521,386,360$6,101,720$0$261,220,616
99$574,191,419$6,024,355$0$287,371,829
100$632,370,738$5,931,343$0$316,181,222