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%14.8%
1 years$227,918$225,888$223,907$221,974$220,086$215,731
2 years$112,831$110,729$108,693$106,718$104,803$100,433
3 years$74,473$72,363$70,331$68,375$66,491$62,244
4 years$55,298$53,194$51,183$49,261$47,422$43,329
5 years$43,796$41,705$39,720$37,837$36,050$32,123
6 years$36,131$34,055$32,100$30,258$28,525$24,769
7 years$30,658$28,600$26,675$24,877$23,198$19,614
8 years$26,555$24,515$22,623$20,869$19,245$15,832
9 years$23,365$21,345$19,485$17,776$16,207$12,962
10 years$20,815$18,814$16,987$15,323$13,809$10,729
11 years$18,730$16,749$14,955$13,335$11,877$8,958
12 years$16,993$15,033$13,273$11,697$10,292$7,531
13 years$15,525$13,586$11,858$10,327$8,975$6,366
14 years$14,268$12,349$10,655$9,167$7,867$5,407
15 years$13,179$11,281$9,620$8,175$6,927$4,609
16 years$12,228$10,350$8,722$7,320$6,122$3,941
17 years$11,389$9,532$7,936$6,577$5,428$3,380
18 years$10,644$8,808$7,245$5,927$4,827$2,904
19 years$9,979$8,163$6,632$5,356$4,302$2,500
20 years$9,380$7,586$6,087$4,851$3,843$2,156
21 years$8,840$7,066$5,599$4,402$3,439$1,862
22 years$8,349$6,596$5,160$4,003$3,082$1,610
23 years$7,901$6,169$4,764$3,645$2,767$1,393
24 years$7,492$5,780$4,406$3,325$2,487$1,207
25 years$7,116$5,424$4,081$3,036$2,238$1,046
26 years$6,769$5,098$3,785$2,776$2,016$908
27 years$6,449$4,798$3,515$2,541$1,817$788
28 years$6,151$4,521$3,267$2,328$1,640$684
29 years$5,875$4,265$3,041$2,135$1,481$594
30 years$5,618$4,028$2,832$1,959$1,338$516
31 years$5,378$3,807$2,640$1,800$1,210$449
32 years$5,153$3,603$2,464$1,654$1,094$390
33 years$4,943$3,412$2,300$1,521$990$339
34 years$4,745$3,234$2,149$1,399$897$295
35 years$4,559$3,067$2,009$1,288$812$257
36 years$4,384$2,911$1,880$1,186$736$224
37 years$4,218$2,765$1,759$1,093$667$195
38 years$4,062$2,628$1,648$1,008$605$169
39 years$3,914$2,499$1,544$929$548$147
40 years$3,773$2,377$1,447$857$497$128
41 years$3,640$2,263$1,357$791$451$112
42 years$3,514$2,155$1,273$730$409$97
43 years$3,394$2,053$1,194$673$372$85
44 years$3,279$1,957$1,121$622$337$74
45 years$3,170$1,866$1,052$574$306$64
46 years$3,066$1,780$989$530$278$56
47 years$2,967$1,699$929$490$252$49
48 years$2,872$1,622$873$453$229$42
49 years$2,782$1,549$820$419$208$37
50 years$2,695$1,480$771$387$189$32

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 $6,172 every year, while hoping to spend $59,440 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: 61/34/5 Blend
39$2,760,000$2,760,000$2,760,000$2,760,000
40$3,047,886$2,901,606$2,858,826$3,230,954
41$3,295,527$2,980,541$2,891,353$3,432,864
42$3,566,435$3,061,352$2,922,978$3,645,591
43$3,862,921$3,144,068$2,953,607$3,876,144
44$4,187,528$3,228,716$2,983,142$4,126,239
45$4,543,059$3,315,327$3,011,481$4,397,765
46$4,932,599$3,403,925$3,038,513$4,692,800
47$5,359,545$3,494,539$3,064,125$5,013,631
48$5,827,641$3,587,193$3,088,195$5,362,777
49$6,341,007$3,681,913$3,110,596$5,743,012
50$6,904,183$3,778,720$3,131,194$6,157,387
51$7,522,169$3,877,637$3,149,849$6,609,266
52$8,200,474$3,978,684$3,166,412$7,102,350
53$8,945,163$4,081,881$3,180,728$7,640,717
54$9,762,921$4,187,244$3,192,633$8,228,857
55$10,661,108$4,294,788$3,201,956$8,871,715
56$11,647,835$4,404,527$3,208,515$9,574,738
57$12,732,036$4,516,470$3,212,122$10,343,928
58$13,923,553$4,630,627$3,212,578$11,185,891
59$15,233,230$4,747,002$3,209,673$12,107,910
60$16,673,012$4,865,597$3,203,190$13,118,005
61$18,256,060$4,986,413$3,192,898$14,225,009
62$19,996,876$5,109,444$3,178,558$15,438,658
63$21,911,433$5,234,683$3,159,915$16,769,674
64$24,017,334$5,362,117$3,136,707$18,229,871
65$26,333,971$5,491,730$3,108,656$19,832,267
66$28,882,712$5,623,500$3,075,471$21,591,201
67$31,687,098$5,757,402$3,036,849$23,522,476
68$34,773,070$5,893,402$2,992,472$25,643,500
69$38,169,208$6,031,464$2,942,005$27,973,456
70$41,907,005$6,171,544$2,885,100$30,533,480
71$46,021,160$6,313,590$2,821,391$33,346,862
72$50,549,908$6,457,545$2,750,497$36,439,264
73$55,535,377$6,603,344$2,672,018$39,838,961
74$61,023,990$6,750,912$2,585,535$43,577,112
75$67,066,898$6,900,167$2,490,610$47,688,050
76$73,720,463$7,051,017$2,386,788$52,209,607
77$81,046,794$7,203,361$2,273,589$57,183,474
78$89,114,326$7,357,084$2,150,513$62,655,587
79$97,998,470$7,512,064$2,017,038$68,676,570
80$107,782,323$7,668,164$1,872,618$75,302,205
81$118,557,451$7,825,236$1,716,682$82,593,963
82$130,424,754$7,983,116$1,548,634$90,619,582
83$143,495,417$8,141,627$1,367,851$99,453,708
84$157,891,959$8,300,576$1,173,684$109,178,599
85$173,749,389$8,459,753$965,452$119,884,901
86$191,216,478$8,618,933$742,446$131,672,505
87$210,457,167$8,777,869$503,927$144,651,490
88$231,652,110$8,936,297$249,120$158,943,160
89$255,000,378$9,093,928$0$174,681,193
90$280,721,343$9,250,456$0$192,014,117
91$309,056,739$9,405,549$0$211,117,316
92$340,272,954$9,558,848$0$232,156,426
93$374,663,534$9,709,970$0$255,328,641
94$412,551,959$9,858,503$0$280,851,263
95$454,294,695$10,004,006$0$308,963,757
96$500,284,557$10,146,005$0$339,930,015
97$550,954,416$10,283,994$0$374,040,840
98$606,781,288$10,417,431$0$411,616,698
99$668,290,830$10,545,736$0$453,010,741
100$736,062,308$10,668,290$0$498,612,141