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%13.7%
1 years$218,009$216,067$214,172$212,323$210,517$207,286
2 years$107,925$105,915$103,967$102,078$100,246$96,999
3 years$71,235$69,217$67,274$65,403$63,600$60,437
4 years$52,894$50,882$48,958$47,119$45,360$42,306
5 years$41,892$39,892$37,993$36,192$34,482$31,546
6 years$34,560$32,575$30,704$28,943$27,285$24,470
7 years$29,325$27,356$25,515$23,796$22,190$19,497
8 years$25,400$23,449$21,639$19,961$18,408$15,838
9 years$22,349$20,417$18,638$17,003$15,503$13,052
10 years$19,910$17,996$16,249$14,657$13,209$10,877
11 years$17,916$16,021$14,305$12,756$11,360$9,144
12 years$16,255$14,380$12,695$11,188$9,844$7,742
13 years$14,850$12,995$11,343$9,878$8,585$6,593
14 years$13,648$11,812$10,191$8,768$7,525$5,641
15 years$12,606$10,791$9,201$7,820$6,626$4,845
16 years$11,696$9,900$8,342$7,002$5,856$4,175
17 years$10,894$9,118$7,591$6,291$5,192$3,608
18 years$10,181$8,425$6,930$5,669$4,617$3,126
19 years$9,545$7,808$6,344$5,123$4,115$2,713
20 years$8,973$7,256$5,822$4,640$3,676$2,359
21 years$8,455$6,759$5,355$4,211$3,289$2,054
22 years$7,986$6,309$4,936$3,829$2,948$1,791
23 years$7,558$5,901$4,557$3,487$2,647$1,563
24 years$7,166$5,528$4,215$3,180$2,379$1,366
25 years$6,806$5,188$3,904$2,904$2,141$1,194
26 years$6,475$4,876$3,620$2,656$1,928$1,045
27 years$6,168$4,589$3,362$2,431$1,738$915
28 years$5,884$4,324$3,125$2,227$1,569$802
29 years$5,620$4,079$2,908$2,042$1,416$703
30 years$5,374$3,852$2,709$1,874$1,280$616
31 years$5,144$3,642$2,526$1,721$1,157$541
32 years$4,929$3,446$2,356$1,582$1,047$474
33 years$4,728$3,263$2,200$1,455$947$416
34 years$4,539$3,093$2,056$1,339$858$366
35 years$4,361$2,934$1,922$1,232$777$321
36 years$4,193$2,784$1,798$1,135$704$282
37 years$4,035$2,645$1,683$1,046$638$248
38 years$3,885$2,513$1,576$964$578$218
39 years$3,743$2,390$1,476$889$524$191
40 years$3,609$2,274$1,384$820$476$168
41 years$3,482$2,164$1,298$756$432$148
42 years$3,361$2,061$1,217$698$392$130
43 years$3,246$1,964$1,142$644$355$114
44 years$3,137$1,872$1,072$595$323$100
45 years$3,032$1,785$1,007$549$293$88
46 years$2,933$1,703$946$507$266$78
47 years$2,838$1,625$888$469$241$68
48 years$2,747$1,551$835$433$219$60
49 years$2,661$1,482$785$400$199$53
50 years$2,578$1,415$738$370$181$46

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 $2,411 every year, while hoping to spend $53,527 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: 28/43/29 Blend
39$2,640,000$2,640,000$2,640,000$2,640,000
40$2,911,767$2,771,847$2,730,927$2,967,104
41$3,151,815$2,850,715$2,765,461$3,090,626
42$3,414,554$2,931,654$2,799,357$3,218,471
43$3,702,241$3,014,708$2,832,539$3,354,758
44$4,017,364$3,099,923$2,864,923$3,500,250
45$4,362,661$3,187,345$2,896,424$3,655,786
46$4,741,147$3,277,019$2,926,948$3,822,290
47$5,156,143$3,368,993$2,956,401$4,000,780
48$5,611,309$3,463,312$2,984,679$4,192,374
49$6,110,672$3,560,024$3,011,675$4,398,305
50$6,658,671$3,659,176$3,037,277$4,619,929
51$7,260,194$3,760,814$3,061,365$4,858,742
52$7,920,627$3,864,987$3,083,813$5,116,387
53$8,645,900$3,971,740$3,104,490$5,394,678
54$9,442,548$4,081,122$3,123,256$5,695,609
55$10,317,769$4,193,178$3,139,967$6,021,380
56$11,279,493$4,307,956$3,154,468$6,374,413
57$12,336,457$4,425,501$3,166,598$6,757,376
58$13,498,284$4,545,859$3,176,188$7,173,209
59$14,775,579$4,669,076$3,183,059$7,625,150
60$16,180,022$4,795,194$3,187,026$8,116,768
61$17,724,484$4,924,259$3,187,891$8,651,995
62$19,423,145$5,056,311$3,185,449$9,235,166
63$21,291,629$5,191,394$3,179,485$9,871,053
64$23,347,149$5,329,546$3,169,772$10,564,920
65$25,608,671$5,470,807$3,156,072$11,322,565
66$28,097,092$5,615,213$3,138,137$12,150,378
67$30,835,436$5,762,799$3,115,705$13,055,401
68$33,849,074$5,913,599$3,088,504$14,045,397
69$37,165,957$6,067,643$3,056,247$15,128,917
70$40,816,888$6,224,961$3,018,634$16,315,390
71$44,835,803$6,385,577$2,975,351$17,615,205
72$49,260,099$6,549,514$2,926,070$19,039,812
73$54,130,982$6,716,792$2,870,445$20,601,833
74$59,493,854$6,887,427$2,808,117$22,315,176
75$65,398,747$7,061,431$2,738,709$24,195,171
76$71,900,789$7,238,811$2,661,826$26,258,714
77$79,060,728$7,419,571$2,577,055$28,524,429
78$86,945,501$7,603,709$2,483,966$31,012,839
79$95,628,870$7,791,219$2,382,106$33,746,565
80$105,192,112$7,982,086$2,271,004$36,750,541
81$115,724,791$8,176,292$2,150,167$40,052,245
82$127,325,601$8,373,812$2,019,079$43,681,965
83$140,103,296$8,574,612$1,877,201$47,673,082
84$154,177,715$8,778,651$1,723,970$52,062,387
85$169,680,918$8,985,880$1,558,799$56,890,430
86$186,758,425$9,196,242$1,381,072$62,201,903
87$205,570,595$9,409,668$1,190,148$68,046,063
88$226,294,134$9,626,081$985,357$74,477,200
89$249,123,767$9,845,390$765,998$81,555,148
90$274,274,074$10,067,497$531,342$89,345,854
91$301,981,512$10,292,286$280,624$97,921,999
92$332,506,650$10,519,632$13,049$107,363,690
93$366,136,627$10,749,393$0$117,759,215
94$403,187,863$10,981,413$0$129,290,196
95$444,009,042$11,215,519$0$141,989,346
96$488,984,405$11,451,521$0$155,971,095
97$538,537,378$11,689,209$0$171,366,001
98$593,134,567$11,928,356$0$188,317,932
99$653,290,159$12,168,712$0$206,985,433
100$719,570,782$12,410,006$0$227,543,217