Can I retire at age 40 with 2,710,000?

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$223,789$221,796$219,851$217,953$216,099$214,827
2 years$110,787$108,723$106,724$104,785$102,904$101,621
3 years$73,124$71,052$69,057$67,137$65,287$64,032
4 years$54,297$52,231$50,256$48,368$46,563$45,346
5 years$43,003$40,950$39,001$37,151$35,397$34,222
6 years$35,476$33,438$31,518$29,710$28,008$26,876
7 years$30,102$28,081$26,192$24,426$22,778$21,690
8 years$26,074$24,071$22,213$20,491$18,897$17,852
9 years$22,942$20,958$19,132$17,454$15,914$14,913
10 years$20,438$18,474$16,680$15,045$13,559$12,602
11 years$18,391$16,446$14,684$13,094$11,661$10,746
12 years$16,686$14,761$13,032$11,485$10,106$9,232
13 years$15,244$13,340$11,643$10,140$8,812$7,979
14 years$14,010$12,125$10,462$9,001$7,725$6,932
15 years$12,941$11,077$9,445$8,027$6,801$6,047
16 years$12,006$10,163$8,564$7,187$6,011$5,295
17 years$11,183$9,359$7,793$6,458$5,330$4,650
18 years$10,451$8,649$7,114$5,820$4,739$4,095
19 years$9,798$8,015$6,512$5,259$4,224$3,614
20 years$9,210$7,448$5,977$4,763$3,773$3,196
21 years$8,680$6,938$5,497$4,322$3,376$2,831
22 years$8,198$6,476$5,067$3,930$3,026$2,511
23 years$7,758$6,057$4,678$3,579$2,717$2,231
24 years$7,356$5,675$4,326$3,264$2,442$1,984
25 years$6,987$5,326$4,007$2,981$2,197$1,766
26 years$6,646$5,005$3,716$2,726$1,979$1,574
27 years$6,332$4,711$3,451$2,495$1,784$1,404
28 years$6,040$4,439$3,208$2,286$1,610$1,253
29 years$5,769$4,187$2,985$2,096$1,454$1,119
30 years$5,516$3,955$2,781$1,924$1,314$1,000
31 years$5,281$3,738$2,593$1,767$1,188$894
32 years$5,060$3,537$2,419$1,624$1,074$799
33 years$4,853$3,350$2,259$1,493$972$715
34 years$4,659$3,175$2,110$1,374$880$640
35 years$4,476$3,011$1,973$1,265$797$573
36 years$4,304$2,858$1,846$1,165$722$513
37 years$4,142$2,715$1,727$1,073$655$460
38 years$3,988$2,580$1,618$989$594$412
39 years$3,843$2,453$1,516$912$538$369
40 years$3,705$2,334$1,421$841$488$331
41 years$3,574$2,222$1,332$776$443$296
42 years$3,450$2,116$1,250$716$402$266
43 years$3,332$2,016$1,172$661$365$238
44 years$3,220$1,922$1,101$611$331$214
45 years$3,113$1,833$1,033$564$301$192
46 years$3,011$1,748$971$521$273$172
47 years$2,913$1,668$912$481$248$154
48 years$2,820$1,593$857$445$225$138
49 years$2,731$1,521$805$411$204$124
50 years$2,646$1,453$757$380$186$111

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,710,000, adding $5,904 every year, while hoping to spend $54,777 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: 60/29/11 Blend
39$2,710,000$2,710,000$2,710,000$2,710,000
40$2,992,510$2,848,880$2,806,875$3,163,923
41$3,239,464$2,930,193$2,842,623$3,361,101
42$3,509,771$3,013,654$2,877,733$3,569,354
43$3,805,755$3,099,311$2,912,125$3,795,177
44$4,129,977$3,187,212$2,945,716$4,040,266
45$4,485,255$3,277,405$2,978,417$4,306,490
46$4,874,692$3,369,940$3,010,135$4,595,906
47$5,301,708$3,464,864$3,040,772$4,910,779
48$5,770,069$3,562,229$3,070,225$5,253,601
49$6,283,921$3,662,083$3,098,382$5,627,118
50$6,847,833$3,764,477$3,125,130$6,034,354
51$7,466,837$3,869,462$3,150,347$6,478,635
52$8,146,477$3,977,088$3,173,906$6,963,630
53$8,892,857$4,087,404$3,195,671$7,493,374
54$9,712,704$4,200,463$3,215,502$8,072,316
55$10,613,428$4,316,314$3,233,250$8,705,353
56$11,603,192$4,435,008$3,248,758$9,397,880
57$12,690,988$4,556,594$3,261,862$10,155,839
58$13,886,725$4,681,122$3,272,390$10,985,778
59$15,201,315$4,808,642$3,280,160$11,894,908
60$16,646,786$4,939,202$3,284,981$12,891,173
61$18,236,385$5,072,850$3,286,655$13,983,325
62$19,984,709$5,209,633$3,284,971$15,181,006
63$21,907,842$5,349,597$3,279,710$16,494,840
64$24,023,501$5,492,787$3,270,640$17,936,530
65$26,351,211$5,639,246$3,257,519$19,518,971
66$28,912,483$5,789,018$3,240,095$21,256,371
67$31,731,019$5,942,142$3,218,100$23,164,383
68$34,832,933$6,098,657$3,191,256$25,260,256
69$38,247,001$6,258,599$3,159,272$27,562,993
70$42,004,928$6,422,004$3,121,841$30,093,535
71$46,141,652$6,588,903$3,078,643$32,874,955
72$50,695,666$6,759,325$3,029,344$35,932,676
73$55,709,388$6,933,296$2,973,591$39,294,714
74$61,229,556$7,110,839$2,911,017$42,991,938
75$67,307,673$7,291,972$2,841,238$47,058,363
76$74,000,488$7,476,710$2,763,852$51,531,470
77$81,370,534$7,665,066$2,678,437$56,452,564
78$89,486,717$7,857,043$2,584,554$61,867,156
79$98,424,968$8,052,643$2,481,742$67,825,400
80$108,268,954$8,251,863$2,369,520$74,382,563
81$119,110,873$8,454,689$2,247,384$81,599,543
82$131,052,320$8,661,107$2,114,809$89,543,452
83$144,205,247$8,871,092$1,971,246$98,288,244
84$158,693,019$9,084,612$1,816,119$107,915,412
85$174,651,576$9,301,627$1,648,829$118,514,761
86$192,230,721$9,522,091$1,468,748$130,185,255
87$211,595,525$9,745,944$1,275,222$143,035,947
88$232,927,894$9,973,121$1,067,567$157,187,016
89$256,428,278$10,203,542$845,069$172,770,896
90$282,317,565$10,437,119$606,982$189,933,525
91$310,839,169$10,673,749$352,528$208,835,731
92$342,261,320$10,913,319$80,893$229,654,741
93$376,879,602$11,155,699$0$252,585,859
94$415,019,739$11,400,745$0$277,868,840
95$457,040,670$11,648,300$0$305,728,060
96$503,337,937$11,898,185$0$336,415,491
97$554,347,417$12,150,207$0$370,219,278
98$610,549,438$12,404,152$0$407,456,946
99$672,473,311$12,659,785$0$448,478,405
100$740,702,326$12,916,852$0$493,669,248