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%11.6%
1 years$220,486$218,522$216,606$214,736$212,910$211,479
2 years$109,152$107,119$105,149$103,238$101,385$99,943
3 years$72,045$70,003$68,038$66,146$64,323$62,913
4 years$53,495$51,460$49,514$47,654$45,876$44,509
5 years$42,368$40,345$38,425$36,603$34,874$33,555
6 years$34,953$32,945$31,053$29,272$27,595$26,324
7 years$29,658$27,667$25,805$24,066$22,442$21,221
8 years$25,689$23,716$21,885$20,188$18,618$17,447
9 years$22,603$20,649$18,850$17,196$15,679$14,557
10 years$20,136$18,201$16,433$14,823$13,359$12,286
11 years$18,119$16,203$14,468$12,901$11,489$10,464
12 years$16,439$14,543$12,840$11,316$9,956$8,979
13 years$15,019$13,143$11,471$9,990$8,682$7,750
14 years$13,803$11,946$10,307$8,868$7,611$6,724
15 years$12,750$10,913$9,306$7,909$6,701$5,858
16 years$11,829$10,013$8,437$7,081$5,922$5,122
17 years$11,018$9,221$7,678$6,362$5,251$4,492
18 years$10,297$8,521$7,009$5,734$4,669$3,950
19 years$9,653$7,897$6,416$5,181$4,162$3,481
20 years$9,074$7,338$5,888$4,692$3,717$3,074
21 years$8,552$6,835$5,416$4,259$3,327$2,719
22 years$8,077$6,381$4,992$3,872$2,982$2,409
23 years$7,644$5,968$4,609$3,526$2,677$2,137
24 years$7,248$5,591$4,263$3,216$2,406$1,897
25 years$6,884$5,247$3,948$2,937$2,165$1,687
26 years$6,548$4,931$3,662$2,686$1,950$1,501
27 years$6,238$4,641$3,400$2,458$1,758$1,336
28 years$5,951$4,373$3,161$2,252$1,586$1,190
29 years$5,684$4,126$2,941$2,065$1,432$1,061
30 years$5,435$3,896$2,740$1,896$1,294$947
31 years$5,203$3,683$2,554$1,741$1,170$845
32 years$4,985$3,485$2,383$1,600$1,059$754
33 years$4,782$3,300$2,225$1,471$958$674
34 years$4,590$3,128$2,079$1,354$867$602
35 years$4,410$2,967$1,944$1,246$786$538
36 years$4,241$2,816$1,818$1,148$712$481
37 years$4,080$2,675$1,702$1,057$645$430
38 years$3,929$2,542$1,594$975$585$385
39 years$3,786$2,417$1,493$899$530$344
40 years$3,650$2,300$1,400$829$481$308
41 years$3,522$2,189$1,312$765$436$276
42 years$3,399$2,085$1,231$706$396$247
43 years$3,283$1,986$1,155$652$359$221
44 years$3,172$1,893$1,084$602$326$198
45 years$3,067$1,806$1,018$556$296$177
46 years$2,966$1,722$956$513$269$158
47 years$2,870$1,644$898$474$244$142
48 years$2,779$1,569$844$438$222$127
49 years$2,691$1,498$794$405$201$114
50 years$2,607$1,431$746$374$183$102

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 $5,120 every year, while hoping to spend $22,357 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: 77/9/14 Blend
39$2,670,000$2,670,000$2,670,000$2,670,000
40$2,947,621$2,806,111$2,764,726$3,165,665
41$3,224,491$2,919,823$2,833,557$3,423,842
42$3,528,852$3,038,357$2,903,944$3,703,546
43$3,863,485$3,161,927$2,975,916$4,009,643
44$4,231,453$3,290,754$3,049,502$4,344,758
45$4,636,132$3,425,072$3,124,731$4,711,782
46$5,081,240$3,565,122$3,201,632$5,113,897
47$5,570,873$3,711,161$3,280,234$5,554,608
48$6,109,547$3,863,452$3,360,566$6,037,774
49$6,702,235$4,022,275$3,442,659$6,567,647
50$7,354,416$4,187,920$3,526,541$7,148,909
51$8,072,129$4,360,690$3,612,243$7,786,715
52$8,862,027$4,540,905$3,699,794$8,486,747
53$9,731,441$4,728,896$3,789,224$9,255,259
54$10,688,447$4,925,012$3,880,563$10,099,144
55$11,741,948$5,129,616$3,973,840$11,025,992
56$12,901,748$5,343,089$4,069,086$12,044,166
57$14,178,655$5,565,829$4,166,328$13,162,876
58$15,584,575$5,798,253$4,265,598$14,392,270
59$17,132,630$6,040,795$4,366,924$15,743,527
60$18,837,277$6,293,913$4,470,335$17,228,962
61$20,714,448$6,558,083$4,575,859$18,862,143
62$22,781,696$6,833,803$4,683,525$20,658,017
63$25,058,366$7,121,597$4,793,361$22,633,052
64$27,565,775$7,422,010$4,905,393$24,805,390
65$30,327,410$7,735,615$5,019,650$27,195,021
66$33,369,154$8,063,008$5,136,156$29,823,968
67$36,719,529$8,404,817$5,254,939$32,716,495
68$40,409,964$8,761,697$5,376,023$35,899,336
69$44,475,093$9,134,332$5,499,432$39,401,948
70$48,953,079$9,523,441$5,625,189$43,256,787
71$53,885,977$9,929,774$5,753,317$47,499,611
72$59,320,131$10,354,117$5,883,838$52,169,822
73$65,306,610$10,797,294$6,016,771$57,310,834
74$71,901,687$11,260,164$6,152,137$62,970,484
75$79,167,377$11,743,630$6,289,951$69,201,480
76$87,172,017$12,248,635$6,430,232$76,061,900
77$95,990,911$12,776,167$6,572,993$83,615,739
78$105,707,044$13,327,259$6,718,248$91,933,513
79$116,411,862$13,902,994$6,866,009$101,092,920
80$128,206,136$14,504,506$7,016,285$111,179,580
81$141,200,915$15,132,979$7,169,083$122,287,832
82$155,518,570$15,789,657$7,324,409$134,521,633
83$171,293,954$16,475,840$7,482,267$147,995,534
84$188,675,670$17,192,889$7,642,656$162,835,761
85$207,827,478$17,942,230$7,805,574$179,181,403
86$228,929,838$18,725,356$7,971,017$197,185,729
87$252,181,612$19,543,830$8,138,978$217,017,629
88$277,801,947$20,399,288$8,309,444$238,863,211
89$306,032,338$21,293,445$8,482,402$262,927,551
90$337,138,907$22,228,095$8,657,834$289,436,634
91$371,414,922$23,205,118$8,835,718$318,639,482
92$409,183,558$24,226,482$9,016,028$350,810,506
93$450,800,950$25,294,249$9,198,734$386,252,091
94$496,659,557$26,410,577$9,383,802$425,297,453
95$547,191,865$27,577,729$9,571,192$468,313,782
96$602,874,469$28,798,071$9,760,861$515,705,705
97$664,232,573$30,074,085$9,952,758$567,919,106
98$731,844,948$31,408,368$10,146,828$625,445,334
99$806,349,397$32,803,641$10,343,010$688,825,836
100$888,448,771$34,262,755$10,541,237$758,657,272