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

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 $2,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$218,009$216,067$214,172$212,323$210,517$207,973
2 years$107,925$105,915$103,967$102,078$100,246$97,686
3 years$71,235$69,217$67,274$65,403$63,600$61,103
4 years$52,894$50,882$48,958$47,119$45,360$42,946
5 years$41,892$39,892$37,993$36,192$34,482$32,157
6 years$34,560$32,575$30,704$28,943$27,285$25,052
7 years$29,325$27,356$25,515$23,796$22,190$20,050
8 years$25,400$23,449$21,639$19,961$18,408$16,362
9 years$22,349$20,417$18,638$17,003$15,503$13,548
10 years$19,910$17,996$16,249$14,657$13,209$11,346
11 years$17,916$16,021$14,305$12,756$11,360$9,586
12 years$16,255$14,380$12,695$11,188$9,844$8,158
13 years$14,850$12,995$11,343$9,878$8,585$6,983
14 years$13,648$11,812$10,191$8,768$7,525$6,007
15 years$12,606$10,791$9,201$7,820$6,626$5,187
16 years$11,696$9,900$8,342$7,002$5,856$4,495
17 years$10,894$9,118$7,591$6,291$5,192$3,907
18 years$10,181$8,425$6,930$5,669$4,617$3,404
19 years$9,545$7,808$6,344$5,123$4,115$2,972
20 years$8,973$7,256$5,822$4,640$3,676$2,599
21 years$8,455$6,759$5,355$4,211$3,289$2,277
22 years$7,986$6,309$4,936$3,829$2,948$1,998
23 years$7,558$5,901$4,557$3,487$2,647$1,754
24 years$7,166$5,528$4,215$3,180$2,379$1,542
25 years$6,806$5,188$3,904$2,904$2,141$1,357
26 years$6,475$4,876$3,620$2,656$1,928$1,195
27 years$6,168$4,589$3,362$2,431$1,738$1,053
28 years$5,884$4,324$3,125$2,227$1,569$929
29 years$5,620$4,079$2,908$2,042$1,416$819
30 years$5,374$3,852$2,709$1,874$1,280$723
31 years$5,144$3,642$2,526$1,721$1,157$639
32 years$4,929$3,446$2,356$1,582$1,047$564
33 years$4,728$3,263$2,200$1,455$947$499
34 years$4,539$3,093$2,056$1,339$858$441
35 years$4,361$2,934$1,922$1,232$777$390
36 years$4,193$2,784$1,798$1,135$704$344
37 years$4,035$2,645$1,683$1,046$638$305
38 years$3,885$2,513$1,576$964$578$270
39 years$3,743$2,390$1,476$889$524$238
40 years$3,609$2,274$1,384$820$476$211
41 years$3,482$2,164$1,298$756$432$187
42 years$3,361$2,061$1,217$698$392$165
43 years$3,246$1,964$1,142$644$355$146
44 years$3,137$1,872$1,072$595$323$129
45 years$3,032$1,785$1,007$549$293$115
46 years$2,933$1,703$946$507$266$101
47 years$2,838$1,625$888$469$241$90
48 years$2,747$1,551$835$433$219$80
49 years$2,661$1,482$785$400$199$70
50 years$2,578$1,415$738$370$181$62

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 $2,655 every year, while hoping to spend $45,661 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: 66/25/9 Blend
39$2,640,000$2,640,000$2,640,000$2,640,000
40$2,912,019$2,772,099$2,731,179$3,098,767
41$3,160,462$2,859,349$2,774,090$3,310,575
42$3,432,715$2,949,343$2,816,909$3,536,301
43$3,731,160$3,042,169$2,859,583$3,781,810
44$4,058,419$3,137,915$2,902,059$4,049,026
45$4,417,378$3,236,673$2,944,279$4,340,069
46$4,811,218$3,338,538$2,986,180$4,657,271
47$5,243,443$3,443,607$3,027,697$5,003,201
48$5,717,911$3,551,981$3,068,762$5,380,684
49$6,238,874$3,663,764$3,109,302$5,792,834
50$6,811,014$3,779,063$3,149,238$6,243,076
51$7,439,489$3,897,989$3,188,489$6,735,185
52$8,129,981$4,020,655$3,226,968$7,273,315
53$8,888,751$4,147,179$3,264,584$7,862,041
54$9,722,696$4,277,683$3,301,239$8,506,403
55$10,639,412$4,412,290$3,336,832$9,211,949
56$11,647,271$4,551,132$3,371,255$9,984,794
57$12,755,495$4,694,339$3,404,394$10,831,667
58$13,974,244$4,842,050$3,436,129$11,759,984
59$15,314,712$4,994,406$3,466,335$12,777,912
60$16,789,234$5,151,553$3,494,879$13,894,449
61$18,411,398$5,313,642$3,521,620$15,119,505
62$20,196,177$5,480,827$3,546,411$16,463,996
63$22,160,069$5,653,269$3,569,097$17,939,949
64$24,321,250$5,831,133$3,589,515$19,560,613
65$26,699,748$6,014,589$3,607,495$21,340,584
66$29,317,631$6,203,813$3,622,855$23,295,942
67$32,199,216$6,398,986$3,635,407$25,444,402
68$35,371,295$6,600,295$3,644,952$27,805,482
69$38,863,390$6,807,933$3,651,280$30,400,686
70$42,708,031$7,022,098$3,654,174$33,253,706
71$46,941,065$7,242,994$3,653,403$36,390,645
72$51,601,987$7,470,835$3,648,726$39,840,264
73$56,734,321$7,705,837$3,639,890$43,634,251
74$62,386,024$7,948,226$3,626,628$47,807,522
75$68,609,943$8,198,232$3,608,664$52,398,547
76$75,464,308$8,456,097$3,585,705$57,449,716
77$83,013,287$8,722,065$3,557,446$63,007,735
78$91,327,588$8,996,392$3,523,566$69,124,070
79$100,485,126$9,279,340$3,483,730$75,855,426
80$110,571,761$9,571,179$3,437,587$83,264,291
81$121,682,102$9,872,188$3,384,768$91,419,514
82$133,920,407$10,182,656$3,324,888$100,396,966
83$147,401,561$10,502,879$3,257,544$110,280,244
84$162,252,162$10,833,162$3,182,314$121,161,467
85$178,611,718$11,173,822$3,098,757$133,142,145
86$196,633,958$11,525,185$3,006,410$146,334,131
87$216,488,288$11,887,585$2,904,791$160,860,680
88$238,361,386$12,261,369$2,793,394$176,857,611
89$262,458,966$12,646,894$2,671,691$194,474,589
90$289,007,717$13,044,529$2,539,130$213,876,537
91$318,257,446$13,454,653$2,395,133$235,245,189
92$350,483,433$13,877,658$2,239,096$258,780,808
93$385,989,027$14,313,947$2,070,390$284,704,076
94$425,108,514$14,763,938$1,888,355$313,258,174
95$468,210,271$15,228,059$1,692,303$344,711,078
96$515,700,238$15,706,753$1,481,515$379,358,086
97$568,025,757$16,200,478$1,255,240$417,524,611
98$625,679,787$16,709,705$1,012,694$459,569,242
99$689,205,564$17,234,919$753,057$505,887,138
100$759,201,723$17,776,621$475,476$556,913,750