Can I retire at age 40 with 2,640,000?

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 $2,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$218,009$216,067$214,172$212,323$210,517$202,325
2 years$107,925$105,915$103,967$102,078$100,246$92,091
3 years$71,235$69,217$67,274$65,403$63,600$55,740
4 years$52,894$50,882$48,958$47,119$45,360$37,854
5 years$41,892$39,892$37,993$36,192$34,482$27,349
6 years$34,560$32,575$30,704$28,943$27,285$20,530
7 years$29,325$27,356$25,515$23,796$22,190$15,811
8 years$25,400$23,449$21,639$19,961$18,408$12,399
9 years$22,349$20,417$18,638$17,003$15,503$9,854
10 years$19,910$17,996$16,249$14,657$13,209$7,910
11 years$17,916$16,021$14,305$12,756$11,360$6,399
12 years$16,255$14,380$12,695$11,188$9,844$5,209
13 years$14,850$12,995$11,343$9,878$8,585$4,260
14 years$13,648$11,812$10,191$8,768$7,525$3,497
15 years$12,606$10,791$9,201$7,820$6,626$2,880
16 years$11,696$9,900$8,342$7,002$5,856$2,378
17 years$10,894$9,118$7,591$6,291$5,192$1,967
18 years$10,181$8,425$6,930$5,669$4,617$1,630
19 years$9,545$7,808$6,344$5,123$4,115$1,353
20 years$8,973$7,256$5,822$4,640$3,676$1,124
21 years$8,455$6,759$5,355$4,211$3,289$935
22 years$7,986$6,309$4,936$3,829$2,948$778
23 years$7,558$5,901$4,557$3,487$2,647$648
24 years$7,166$5,528$4,215$3,180$2,379$540
25 years$6,806$5,188$3,904$2,904$2,141$450
26 years$6,475$4,876$3,620$2,656$1,928$375
27 years$6,168$4,589$3,362$2,431$1,738$313
28 years$5,884$4,324$3,125$2,227$1,569$261
29 years$5,620$4,079$2,908$2,042$1,416$218
30 years$5,374$3,852$2,709$1,874$1,280$182
31 years$5,144$3,642$2,526$1,721$1,157$152
32 years$4,929$3,446$2,356$1,582$1,047$127
33 years$4,728$3,263$2,200$1,455$947$106
34 years$4,539$3,093$2,056$1,339$858$88
35 years$4,361$2,934$1,922$1,232$777$74
36 years$4,193$2,784$1,798$1,135$704$62
37 years$4,035$2,645$1,683$1,046$638$51
38 years$3,885$2,513$1,576$964$578$43
39 years$3,743$2,390$1,476$889$524$36
40 years$3,609$2,274$1,384$820$476$30
41 years$3,482$2,164$1,298$756$432$25
42 years$3,361$2,061$1,217$698$392$21
43 years$3,246$1,964$1,142$644$355$17
44 years$3,137$1,872$1,072$595$323$15
45 years$3,032$1,785$1,007$549$293$12
46 years$2,933$1,703$946$507$266$10
47 years$2,838$1,625$888$469$241$9
48 years$2,747$1,551$835$433$219$7
49 years$2,661$1,482$785$400$199$6
50 years$2,578$1,415$738$370$181$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,640,000, adding $4,749 every year, while hoping to spend $59,737 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: 70/14/16 Blend
39$2,640,000$2,640,000$2,640,000$2,640,000
40$2,914,179$2,774,259$2,733,339$3,107,000
41$3,147,865$2,846,638$2,761,346$3,308,251
42$3,403,386$2,920,561$2,788,289$3,520,839
43$3,682,904$2,996,041$2,814,070$3,751,980
44$3,988,803$3,073,090$2,838,584$4,003,498
45$4,323,706$3,151,717$2,861,722$4,277,399
46$4,690,503$3,231,930$2,883,368$4,575,895
47$5,092,375$3,313,735$2,903,402$4,901,421
48$5,532,826$3,397,137$2,921,695$5,256,661
49$6,015,716$3,482,139$2,938,113$5,644,568
50$6,545,295$3,568,739$2,952,516$6,068,400
51$7,126,244$3,656,936$2,964,754$6,531,741
52$7,763,720$3,746,725$2,974,672$7,038,545
53$8,463,402$3,838,097$2,982,106$7,593,163
54$9,231,546$3,931,042$2,986,885$8,200,393
55$10,075,046$4,025,544$2,988,827$8,865,519
56$11,001,491$4,121,587$2,987,743$9,594,363
57$12,019,246$4,219,147$2,983,435$10,393,341
58$13,137,523$4,318,199$2,975,694$11,269,521
59$14,366,472$4,418,713$2,964,302$12,230,694
60$15,717,275$4,520,653$2,949,029$13,285,442
61$17,202,251$4,623,979$2,929,635$14,443,221
62$18,834,972$4,728,645$2,905,869$15,714,455
63$20,630,390$4,834,600$2,877,467$17,110,625
64$22,604,979$4,941,785$2,844,152$18,644,387
65$24,776,891$5,050,136$2,805,635$20,329,685
66$27,166,123$5,159,582$2,761,613$22,181,885
67$29,794,710$5,270,044$2,711,769$24,217,920
68$32,686,928$5,381,433$2,655,771$26,456,451
69$35,869,527$5,493,656$2,593,271$28,918,041
70$39,371,980$5,606,606$2,523,907$31,625,349
71$43,226,761$5,720,169$2,447,297$34,603,349
72$47,469,654$5,834,220$2,363,044$37,879,558
73$52,140,085$5,948,623$2,270,733$41,484,303
74$57,281,498$6,063,231$2,169,927$45,451,003
75$62,941,764$6,177,883$2,060,173$49,816,487
76$69,173,631$6,292,405$1,940,995$54,621,341
77$76,035,219$6,406,611$1,811,897$59,910,291
78$83,590,575$6,520,299$1,672,359$65,732,626
79$91,910,270$6,633,249$1,521,839$72,142,664
80$101,072,067$6,745,228$1,359,770$79,200,264
81$111,161,657$6,855,983$1,185,561$86,971,392
82$122,273,462$6,965,243$998,594$95,528,747
83$134,511,531$7,072,715$798,222$104,952,440
84$147,990,517$7,178,088$583,773$115,330,760
85$162,836,763$7,281,027$354,542$126,761,001
86$179,189,488$7,381,174$109,795$139,350,385
87$197,202,108$7,478,144$0$153,217,073
88$217,043,677$7,571,527$0$168,517,128
89$238,900,486$7,660,885$0$185,389,890
90$262,977,816$7,745,749$0$203,974,881
91$289,501,883$7,825,621$0$224,446,528
92$318,721,966$7,899,966$0$246,997,047
93$350,912,760$7,968,218$0$271,838,253
94$386,376,971$8,029,770$0$299,203,564
95$425,448,171$8,083,979$0$329,350,202
96$468,493,948$8,130,157$0$362,561,622
97$515,919,371$8,167,574$0$399,150,188
98$568,170,816$8,195,456$0$439,460,118
99$625,740,181$8,212,974$0$483,870,740
100$689,169,523$8,219,254$0$532,800,068