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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.5%
1 years$223,789$221,796$219,851$217,953$216,099$207,854
2 years$110,787$108,723$106,724$104,785$102,904$94,694
3 years$73,124$71,052$69,057$67,137$65,287$57,370
4 years$54,297$52,231$50,256$48,368$46,563$39,000
5 years$43,003$40,950$39,001$37,151$35,397$28,207
6 years$35,476$33,438$31,518$29,710$28,008$21,197
7 years$30,102$28,081$26,192$24,426$22,778$16,344
8 years$26,074$24,071$22,213$20,491$18,897$12,832
9 years$22,942$20,958$19,132$17,454$15,914$10,211
10 years$20,438$18,474$16,680$15,045$13,559$8,207
11 years$18,391$16,446$14,684$13,094$11,661$6,648
12 years$16,686$14,761$13,032$11,485$10,106$5,418
13 years$15,244$13,340$11,643$10,140$8,812$4,437
14 years$14,010$12,125$10,462$9,001$7,725$3,648
15 years$12,941$11,077$9,445$8,027$6,801$3,009
16 years$12,006$10,163$8,564$7,187$6,011$2,488
17 years$11,183$9,359$7,793$6,458$5,330$2,061
18 years$10,451$8,649$7,114$5,820$4,739$1,710
19 years$9,798$8,015$6,512$5,259$4,224$1,422
20 years$9,210$7,448$5,977$4,763$3,773$1,183
21 years$8,680$6,938$5,497$4,322$3,376$985
22 years$8,198$6,476$5,067$3,930$3,026$821
23 years$7,758$6,057$4,678$3,579$2,717$685
24 years$7,356$5,675$4,326$3,264$2,442$572
25 years$6,987$5,326$4,007$2,981$2,197$477
26 years$6,646$5,005$3,716$2,726$1,979$399
27 years$6,332$4,711$3,451$2,495$1,784$333
28 years$6,040$4,439$3,208$2,286$1,610$278
29 years$5,769$4,187$2,985$2,096$1,454$233
30 years$5,516$3,955$2,781$1,924$1,314$194
31 years$5,281$3,738$2,593$1,767$1,188$163
32 years$5,060$3,537$2,419$1,624$1,074$136
33 years$4,853$3,350$2,259$1,493$972$114
34 years$4,659$3,175$2,110$1,374$880$95
35 years$4,476$3,011$1,973$1,265$797$80
36 years$4,304$2,858$1,846$1,165$722$67
37 years$4,142$2,715$1,727$1,073$655$56
38 years$3,988$2,580$1,618$989$594$47
39 years$3,843$2,453$1,516$912$538$39
40 years$3,705$2,334$1,421$841$488$33
41 years$3,574$2,222$1,332$776$443$27
42 years$3,450$2,116$1,250$716$402$23
43 years$3,332$2,016$1,172$661$365$19
44 years$3,220$1,922$1,101$611$331$16
45 years$3,113$1,833$1,033$564$301$13
46 years$3,011$1,748$971$521$273$11
47 years$2,913$1,668$912$481$248$9
48 years$2,820$1,593$857$445$225$8
49 years$2,731$1,521$805$411$204$7
50 years$2,646$1,453$757$380$186$5

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 $5,302 every year, while hoping to spend $35,004 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: 30/48/22 Blend
39$2,710,000$2,710,000$2,710,000$2,710,000
40$2,991,889$2,848,259$2,806,254$3,060,996
41$3,259,818$2,950,580$2,863,020$3,216,627
42$3,553,902$3,056,741$2,920,514$3,380,450
43$3,876,773$3,166,894$2,978,723$3,555,965
44$4,231,328$3,281,196$3,037,635$3,744,205
45$4,620,760$3,399,812$3,097,233$3,946,307
46$5,048,586$3,522,911$3,157,499$4,163,514
47$5,518,681$3,650,673$3,218,414$4,397,192
48$6,035,312$3,783,281$3,279,956$4,648,841
49$6,603,182$3,920,930$3,342,103$4,920,107
50$7,227,471$4,063,820$3,404,827$5,212,799
51$7,913,886$4,212,160$3,468,103$5,528,903
52$8,668,716$4,366,170$3,531,898$5,870,600
53$9,498,889$4,526,076$3,596,180$6,240,289
54$10,412,037$4,692,115$3,660,913$6,640,602
55$11,416,570$4,864,534$3,726,060$7,074,438
56$12,521,755$5,043,591$3,791,577$7,544,979
57$13,737,801$5,229,553$3,857,421$8,055,725
58$15,075,956$5,422,701$3,923,544$8,610,526
59$16,548,615$5,623,325$3,989,895$9,213,613
60$18,169,435$5,831,729$4,056,418$9,869,644
61$19,953,464$6,048,231$4,123,055$10,583,738
62$21,917,283$6,273,159$4,189,742$11,361,529
63$24,079,161$6,506,859$4,256,413$12,209,216
64$26,459,229$6,749,689$4,322,997$13,133,618
65$29,079,670$7,002,024$4,389,417$14,142,240
66$31,964,926$7,264,253$4,455,593$15,243,342
67$35,141,931$7,536,784$4,521,438$16,446,013
68$38,640,363$7,820,041$4,586,861$17,760,257
69$42,492,925$8,114,468$4,651,766$19,197,087
70$46,735,652$8,420,526$4,716,049$20,768,627
71$51,408,254$8,738,696$4,779,601$22,488,222
72$56,554,486$9,069,483$4,842,308$24,370,564
73$62,222,566$9,413,409$4,904,047$26,431,832
74$68,465,624$9,771,023$4,964,690$28,689,835
75$75,342,210$10,142,895$5,024,099$31,164,188
76$82,916,840$10,529,622$5,082,130$33,876,487
77$91,260,608$10,931,824$5,138,633$36,850,514
78$100,451,858$11,350,151$5,193,444$40,112,460
79$110,576,919$11,785,280$5,246,397$43,691,169
80$121,730,924$12,237,918$5,297,310$47,618,406
81$134,018,705$12,708,803$5,345,997$51,929,158
82$147,555,783$13,198,705$5,392,258$56,661,959
83$162,469,459$13,708,428$5,435,885$61,859,253
84$178,900,015$14,238,811$5,476,658$67,567,789
85$197,002,035$14,790,731$5,514,344$73,839,062
86$216,945,869$15,365,103$5,548,701$80,729,796
87$238,919,237$15,962,883$5,579,472$88,302,473
88$263,129,003$16,585,068$5,606,388$96,625,924
89$289,803,125$17,232,700$5,629,166$105,775,974
90$319,192,809$17,906,868$5,647,508$115,836,150
91$351,574,878$18,608,707$5,661,103$126,898,473
92$387,254,387$19,339,405$5,669,621$139,064,317
93$426,567,500$20,100,202$5,672,719$152,445,364
94$469,884,666$20,892,392$5,670,036$167,164,654
95$517,614,112$21,717,329$5,661,192$183,357,744
96$570,205,699$22,576,426$5,645,790$201,173,978
97$628,155,169$23,471,160$5,623,413$220,777,899
98$692,008,823$24,403,073$5,593,623$242,350,790
99$762,368,676$25,373,778$5,555,964$266,092,386
100$839,898,146$26,384,958$5,509,953$292,222,753