Can I retire at age 40 with 2,670,000?

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$220,486$218,522$216,606$214,736$212,910$207,174
2 years$109,152$107,119$105,149$103,238$101,385$95,648
3 years$72,045$70,003$68,038$66,146$64,323$58,764
4 years$53,495$51,460$49,514$47,654$45,876$40,537
5 years$42,368$40,345$38,425$36,603$34,874$29,770
6 years$34,953$32,945$31,053$29,272$27,595$22,730
7 years$29,658$27,667$25,805$24,066$22,442$17,818
8 years$25,689$23,716$21,885$20,188$18,618$14,231
9 years$22,603$20,649$18,850$17,196$15,679$11,526
10 years$20,136$18,201$16,433$14,823$13,359$9,435
11 years$18,119$16,203$14,468$12,901$11,489$7,788
12 years$16,439$14,543$12,840$11,316$9,956$6,470
13 years$15,019$13,143$11,471$9,990$8,682$5,404
14 years$13,803$11,946$10,307$8,868$7,611$4,534
15 years$12,750$10,913$9,306$7,909$6,701$3,817
16 years$11,829$10,013$8,437$7,081$5,922$3,222
17 years$11,018$9,221$7,678$6,362$5,251$2,727
18 years$10,297$8,521$7,009$5,734$4,669$2,313
19 years$9,653$7,897$6,416$5,181$4,162$1,965
20 years$9,074$7,338$5,888$4,692$3,717$1,671
21 years$8,552$6,835$5,416$4,259$3,327$1,424
22 years$8,077$6,381$4,992$3,872$2,982$1,214
23 years$7,644$5,968$4,609$3,526$2,677$1,036
24 years$7,248$5,591$4,263$3,216$2,406$885
25 years$6,884$5,247$3,948$2,937$2,165$756
26 years$6,548$4,931$3,662$2,686$1,950$646
27 years$6,238$4,641$3,400$2,458$1,758$553
28 years$5,951$4,373$3,161$2,252$1,586$473
29 years$5,684$4,126$2,941$2,065$1,432$405
30 years$5,435$3,896$2,740$1,896$1,294$347
31 years$5,203$3,683$2,554$1,741$1,170$297
32 years$4,985$3,485$2,383$1,600$1,059$254
33 years$4,782$3,300$2,225$1,471$958$218
34 years$4,590$3,128$2,079$1,354$867$187
35 years$4,410$2,967$1,944$1,246$786$160
36 years$4,241$2,816$1,818$1,148$712$137
37 years$4,080$2,675$1,702$1,057$645$118
38 years$3,929$2,542$1,594$975$585$101
39 years$3,786$2,417$1,493$899$530$86
40 years$3,650$2,300$1,400$829$481$74
41 years$3,522$2,189$1,312$765$436$63
42 years$3,399$2,085$1,231$706$396$54
43 years$3,283$1,986$1,155$652$359$47
44 years$3,172$1,893$1,084$602$326$40
45 years$3,067$1,806$1,018$556$296$34
46 years$2,966$1,722$956$513$269$29
47 years$2,870$1,644$898$474$244$25
48 years$2,779$1,569$844$438$222$22
49 years$2,691$1,498$794$405$201$19
50 years$2,607$1,431$746$374$183$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,670,000, adding $3,320 every year, while hoping to spend $28,161 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: 39/49/12 Blend
39$2,670,000$2,670,000$2,670,000$2,670,000
40$2,945,765$2,804,255$2,762,870$3,049,864
41$3,216,269$2,911,700$2,825,463$3,231,377
42$3,513,422$3,023,466$2,889,209$3,424,506
43$3,839,911$3,139,736$2,954,117$3,632,704
44$4,198,697$3,260,698$3,020,195$3,857,342
45$4,593,043$3,386,552$3,087,451$4,099,925
46$5,026,545$3,517,504$3,155,891$4,362,107
47$5,503,161$3,653,770$3,225,522$4,645,699
48$6,027,255$3,795,577$3,296,349$4,952,696
49$6,603,634$3,943,159$3,368,376$5,285,283
50$7,237,595$4,096,763$3,441,606$5,645,865
51$7,934,971$4,256,647$3,516,042$6,037,081
52$8,702,193$4,423,077$3,591,684$6,461,833
53$9,546,344$4,596,335$3,668,533$6,923,309
54$10,475,229$4,776,713$3,746,587$7,425,015
55$11,497,447$4,964,518$3,825,843$7,970,802
56$12,622,475$5,160,067$3,906,297$8,564,908
57$13,860,753$5,363,696$3,987,943$9,211,990
58$15,223,785$5,575,752$4,070,774$9,917,170
59$16,724,247$5,796,600$4,154,781$10,686,084
60$18,376,107$6,026,620$4,239,953$11,524,928
61$20,194,755$6,266,210$4,326,276$12,440,519
62$22,197,150$6,515,784$4,413,737$13,440,358
63$24,401,979$6,775,777$4,502,317$14,532,697
64$26,829,834$7,046,643$4,591,997$15,726,616
65$29,503,403$7,328,854$4,682,755$17,032,109
66$32,447,689$7,622,908$4,774,567$18,460,172
67$35,690,244$7,929,320$4,867,405$20,022,909
68$39,261,425$8,248,633$4,961,239$21,733,642
69$43,194,686$8,581,412$5,056,036$23,607,035
70$47,526,890$8,928,247$5,151,760$25,659,231
71$52,298,659$9,289,758$5,248,370$27,908,001
72$57,554,756$9,666,589$5,345,823$30,372,909
73$63,344,505$10,059,416$5,444,073$33,075,497
74$69,722,263$10,468,946$5,543,068$36,039,482
75$76,747,925$10,895,916$5,642,752$39,290,980
76$84,487,496$11,341,098$5,743,067$42,858,745
77$93,013,709$11,805,300$5,843,947$46,774,446
78$102,406,712$12,289,365$5,945,325$51,072,953
79$112,754,829$12,794,176$6,047,125$55,792,671
80$124,155,386$13,320,655$6,149,268$60,975,894
81$136,715,636$13,869,768$6,251,669$66,669,202
82$150,553,768$14,442,524$6,354,238$72,923,899
83$165,800,024$15,039,979$6,456,876$79,796,490
84$182,597,926$15,663,237$6,559,481$87,349,214
85$201,105,632$16,313,453$6,661,941$95,650,624
86$221,497,430$16,991,836$6,764,139$104,776,231
87$243,965,380$17,699,648$6,865,950$114,809,214
88$268,721,130$18,438,213$6,967,241$125,841,199
89$295,997,913$19,208,912$7,067,871$137,973,117
90$326,052,744$20,013,194$7,167,689$151,316,154
91$359,168,855$20,852,571$7,266,538$165,992,796
92$395,658,359$21,728,627$7,364,247$182,137,976
93$435,865,202$22,643,020$7,460,640$199,900,346
94$480,168,408$23,597,484$7,555,527$219,443,671
95$528,985,657$24,593,833$7,648,709$240,948,369
96$582,777,228$25,633,964$7,739,975$264,613,209
97$642,050,343$26,719,866$7,829,102$290,657,179
98$707,363,956$27,853,617$7,915,854$319,321,545
99$779,334,028$29,037,393$7,999,984$350,872,124
100$858,639,344$30,273,471$8,081,228$385,601,782