Can I retire at age 40 with 2,760,000?

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 $2,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$227,918$225,888$223,907$221,974$220,086$212,277
2 years$112,831$110,729$108,693$106,718$104,803$97,019
3 years$74,473$72,363$70,331$68,375$66,491$58,977
4 years$55,298$53,194$51,183$49,261$47,422$40,234
5 years$43,796$41,705$39,720$37,837$36,050$29,207
6 years$36,131$34,055$32,100$30,258$28,525$22,034
7 years$30,658$28,600$26,675$24,877$23,198$17,057
8 years$26,555$24,515$22,623$20,869$19,245$13,448
9 years$23,365$21,345$19,485$17,776$16,207$10,747
10 years$20,815$18,814$16,987$15,323$13,809$8,676
11 years$18,730$16,749$14,955$13,335$11,877$7,060
12 years$16,993$15,033$13,273$11,697$10,292$5,781
13 years$15,525$13,586$11,858$10,327$8,975$4,757
14 years$14,268$12,349$10,655$9,167$7,867$3,930
15 years$13,179$11,281$9,620$8,175$6,927$3,258
16 years$12,228$10,350$8,722$7,320$6,122$2,707
17 years$11,389$9,532$7,936$6,577$5,428$2,254
18 years$10,644$8,808$7,245$5,927$4,827$1,881
19 years$9,979$8,163$6,632$5,356$4,302$1,572
20 years$9,380$7,586$6,087$4,851$3,843$1,315
21 years$8,840$7,066$5,599$4,402$3,439$1,101
22 years$8,349$6,596$5,160$4,003$3,082$923
23 years$7,901$6,169$4,764$3,645$2,767$774
24 years$7,492$5,780$4,406$3,325$2,487$649
25 years$7,116$5,424$4,081$3,036$2,238$545
26 years$6,769$5,098$3,785$2,776$2,016$458
27 years$6,449$4,798$3,515$2,541$1,817$385
28 years$6,151$4,521$3,267$2,328$1,640$323
29 years$5,875$4,265$3,041$2,135$1,481$272
30 years$5,618$4,028$2,832$1,959$1,338$229
31 years$5,378$3,807$2,640$1,800$1,210$192
32 years$5,153$3,603$2,464$1,654$1,094$162
33 years$4,943$3,412$2,300$1,521$990$136
34 years$4,745$3,234$2,149$1,399$897$114
35 years$4,559$3,067$2,009$1,288$812$96
36 years$4,384$2,911$1,880$1,186$736$81
37 years$4,218$2,765$1,759$1,093$667$68
38 years$4,062$2,628$1,648$1,008$605$57
39 years$3,914$2,499$1,544$929$548$48
40 years$3,773$2,377$1,447$857$497$41
41 years$3,640$2,263$1,357$791$451$34
42 years$3,514$2,155$1,273$730$409$29
43 years$3,394$2,053$1,194$673$372$24
44 years$3,279$1,957$1,121$622$337$20
45 years$3,170$1,866$1,052$574$306$17
46 years$3,066$1,780$989$530$278$14
47 years$2,967$1,699$929$490$252$12
48 years$2,872$1,622$873$453$229$10
49 years$2,782$1,549$820$419$208$9
50 years$2,695$1,480$771$387$189$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,760,000, adding $4,507 every year, while hoping to spend $43,335 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: 47/38/15 Blend
39$2,760,000$2,760,000$2,760,000$2,760,000
40$3,046,169$2,899,889$2,857,109$3,176,277
41$3,310,770$2,995,875$2,906,714$3,362,910
42$3,600,908$3,095,113$2,956,528$3,560,569
43$3,919,142$3,197,715$3,006,513$3,774,150
44$4,268,291$3,303,799$3,056,628$4,005,155
45$4,651,458$3,413,487$3,106,827$4,255,233
46$5,072,065$3,526,905$3,157,063$4,526,198
47$5,533,877$3,644,185$3,207,286$4,820,047
48$6,041,045$3,765,463$3,257,443$5,138,973
49$6,598,139$3,890,878$3,307,475$5,485,393
50$7,210,195$4,020,577$3,357,321$5,861,963
51$7,882,761$4,154,712$3,406,918$6,271,607
52$8,621,949$4,293,438$3,456,195$6,717,542
53$9,434,490$4,436,920$3,505,081$7,203,309
54$10,327,804$4,585,324$3,553,496$7,732,805
55$11,310,062$4,738,827$3,601,360$8,310,321
56$12,390,268$4,897,609$3,648,586$8,940,578
57$13,578,342$5,061,859$3,695,080$9,628,776
58$14,885,214$5,231,772$3,740,747$10,380,638
59$16,322,927$5,407,549$3,785,483$11,202,467
60$17,904,748$5,589,402$3,829,179$12,101,201
61$19,645,297$5,777,547$3,871,721$13,084,481
62$21,560,680$5,972,210$3,912,987$14,160,723
63$23,668,648$6,173,626$3,952,850$15,339,191
64$25,988,754$6,382,038$3,991,174$16,630,091
65$28,542,547$6,597,698$4,027,819$18,044,662
66$31,353,770$6,820,868$4,062,634$19,595,283
67$34,448,584$7,051,820$4,095,462$21,295,588
68$37,855,816$7,290,836$4,126,136$23,160,594
69$41,607,230$7,538,207$4,154,482$25,206,843
70$45,737,827$7,794,239$4,180,317$27,452,557
71$50,286,174$8,059,246$4,203,447$29,917,806
72$55,294,770$8,333,556$4,223,669$32,624,702
73$60,810,445$8,617,508$4,240,769$35,597,603
74$66,884,800$8,911,455$4,254,525$38,863,340
75$73,574,697$9,215,765$4,264,699$42,451,476
76$80,942,795$9,530,816$4,271,045$46,394,577
77$89,058,139$9,857,004$4,273,304$50,728,521
78$97,996,811$10,194,740$4,271,202$55,492,837
79$107,842,653$10,544,449$4,264,454$60,731,074
80$118,688,050$10,906,574$4,252,760$66,491,215
81$130,634,810$11,281,574$4,235,806$72,826,123
82$143,795,118$11,669,928$4,213,262$79,794,043
83$158,292,596$12,072,132$4,184,784$87,459,149
84$174,263,475$12,488,700$4,150,008$95,892,150
85$191,857,872$12,920,169$4,108,555$105,170,952
86$211,241,212$13,367,094$4,060,029$115,381,397
87$232,595,789$13,830,055$4,004,013$126,618,068
88$256,122,483$14,309,652$3,940,072$138,985,181
89$282,042,662$14,806,510$3,867,749$152,597,571
90$310,600,262$15,321,278$3,786,568$167,581,767
91$342,064,099$15,854,631$3,696,028$184,077,191
92$376,730,400$16,407,270$3,595,608$202,237,470
93$414,925,600$16,979,925$3,484,760$222,231,886
94$457,009,424$17,573,355$3,362,912$244,246,967
95$503,378,283$18,188,347$3,229,467$268,488,252
96$554,469,013$18,825,721$3,083,800$295,182,228
97$610,763,002$19,486,331$2,925,256$324,578,463
98$672,790,729$20,171,061$2,753,153$356,951,961
99$741,136,775$20,880,836$2,566,776$392,605,759
100$816,445,343$21,616,613$2,365,380$431,873,781