Can I retire at age 40 with 2,780,000?

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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$229,570$227,525$225,530$223,583$221,681$218,639
2 years$113,648$111,532$109,481$107,492$105,562$102,503
3 years$75,013$72,887$70,841$68,871$66,973$63,992
4 years$55,699$53,580$51,554$49,618$47,766$44,885
5 years$44,114$42,007$40,008$38,111$36,311$33,539
6 years$36,393$34,302$32,333$30,478$28,732$26,072
7 years$30,880$28,807$26,869$25,057$23,366$20,820
8 years$26,747$24,693$22,787$21,020$19,385$16,951
9 years$23,534$21,500$19,626$17,904$16,325$14,003
10 years$20,966$18,951$17,110$15,434$13,909$11,698
11 years$18,866$16,871$15,064$13,432$11,963$9,859
12 years$17,117$15,142$13,369$11,782$10,367$8,369
13 years$15,638$13,684$11,944$10,401$9,040$7,145
14 years$14,372$12,439$10,732$9,233$7,924$6,130
15 years$13,275$11,363$9,689$8,234$6,977$5,279
16 years$12,316$10,425$8,785$7,373$6,166$4,562
17 years$11,472$9,601$7,994$6,625$5,468$3,954
18 years$10,721$8,872$7,297$5,970$4,862$3,435
19 years$10,051$8,222$6,680$5,395$4,333$2,990
20 years$9,448$7,641$6,131$4,886$3,870$2,608
21 years$8,904$7,117$5,639$4,434$3,464$2,278
22 years$8,409$6,643$5,197$4,032$3,105$1,992
23 years$7,959$6,213$4,799$3,672$2,787$1,744
24 years$7,546$5,822$4,438$3,349$2,505$1,529
25 years$7,167$5,463$4,111$3,058$2,254$1,341
26 years$6,818$5,135$3,812$2,796$2,030$1,177
27 years$6,495$4,832$3,540$2,560$1,831$1,034
28 years$6,196$4,553$3,291$2,345$1,652$909
29 years$5,918$4,296$3,063$2,151$1,491$799
30 years$5,659$4,057$2,853$1,974$1,348$703
31 years$5,417$3,835$2,659$1,813$1,218$619
32 years$5,191$3,629$2,481$1,666$1,102$545
33 years$4,979$3,436$2,317$1,532$997$480
34 years$4,779$3,257$2,165$1,409$903$423
35 years$4,592$3,089$2,024$1,298$818$372
36 years$4,415$2,932$1,893$1,195$741$328
37 years$4,249$2,785$1,772$1,101$672$289
38 years$4,091$2,647$1,659$1,015$609$255
39 years$3,942$2,517$1,555$936$552$225
40 years$3,801$2,394$1,457$863$501$198
41 years$3,667$2,279$1,366$796$454$175
42 years$3,539$2,171$1,282$735$412$154
43 years$3,418$2,068$1,203$678$374$136
44 years$3,303$1,971$1,129$626$340$120
45 years$3,193$1,880$1,060$578$308$106
46 years$3,088$1,793$996$534$280$93
47 years$2,989$1,711$935$494$254$82
48 years$2,893$1,634$879$456$231$73
49 years$2,802$1,560$826$422$210$64
50 years$2,714$1,490$777$390$190$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,780,000, adding $2,504 every year, while hoping to spend $52,856 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$2,780,000$2,780,000$2,780,000$2,780,000
40$3,066,143$2,918,803$2,875,713$3,197,194
41$3,322,651$3,005,586$2,915,811$3,375,070
42$3,603,552$3,094,850$2,955,481$3,562,419
43$3,911,277$3,186,660$2,994,652$3,764,602
44$4,248,505$3,281,084$3,033,251$3,983,025
45$4,618,186$3,378,191$3,071,198$4,219,228
46$5,023,569$3,478,051$3,108,412$4,474,911
47$5,468,233$3,580,735$3,144,803$4,751,941
48$5,956,118$3,686,317$3,180,280$5,052,376
49$6,491,567$3,794,871$3,214,744$5,378,479
50$7,079,361$3,906,474$3,248,092$5,732,740
51$7,724,768$4,021,203$3,280,215$6,117,904
52$8,433,591$4,139,139$3,310,999$6,536,988
53$9,212,223$4,260,362$3,340,323$6,993,319
54$10,067,704$4,384,954$3,368,059$7,490,555
55$11,007,794$4,513,001$3,394,072$8,032,730
56$12,041,037$4,644,586$3,418,222$8,624,280
57$13,176,851$4,779,799$3,440,361$9,270,096
58$14,425,608$4,918,728$3,460,331$9,975,561
59$15,798,737$5,061,462$3,477,969$10,746,606
60$17,308,829$5,208,095$3,493,102$11,589,761
61$18,969,758$5,358,719$3,505,548$12,512,222
62$20,796,806$5,513,430$3,515,118$13,521,914
63$22,806,816$5,672,323$3,521,610$14,627,566
64$25,018,342$5,835,498$3,524,815$15,838,797
65$27,451,829$6,003,053$3,524,512$17,166,199
66$30,129,802$6,175,089$3,520,469$18,621,446
67$33,077,082$6,351,709$3,512,445$20,217,395
68$36,321,016$6,533,015$3,500,184$21,968,214
69$39,891,739$6,719,112$3,483,420$23,889,511
70$43,822,455$6,910,106$3,461,872$25,998,481
71$48,149,748$7,106,104$3,435,248$28,314,073
72$52,913,934$7,307,215$3,403,240$30,857,162
73$58,159,433$7,513,547$3,365,527$33,650,749
74$63,935,195$7,725,209$3,321,771$36,720,178
75$70,295,153$7,942,314$3,271,619$40,093,376
76$77,298,743$8,164,971$3,214,703$43,801,111
77$85,011,454$8,393,293$3,150,634$47,877,290
78$93,505,450$8,627,393$3,079,009$52,359,271
79$102,860,254$8,867,383$2,999,403$57,288,221
80$113,163,490$9,113,375$2,911,373$62,709,502
81$124,511,719$9,365,483$2,814,457$68,673,099
82$137,011,342$9,623,819$2,708,169$75,234,093
83$150,779,608$9,888,496$2,592,002$82,453,178
84$165,945,721$10,159,625$2,465,427$90,397,236
85$182,652,054$10,437,317$2,327,889$99,139,967
86$201,055,500$10,721,681$2,178,809$108,762,586
87$221,328,944$11,012,827$2,017,583$119,354,589
88$243,662,902$11,310,861$1,843,577$131,014,594
89$268,267,314$11,615,889$1,656,133$143,851,279
90$295,373,525$11,928,013$1,454,559$157,984,403
91$325,236,473$12,247,334$1,238,135$173,545,934
92$358,137,090$12,573,950$1,006,108$190,681,303
93$394,384,953$12,907,954$757,693$209,550,768
94$434,321,213$13,249,437$492,070$230,330,934
95$478,321,804$13,598,487$208,382$253,216,416
96$526,800,999$13,955,185$0$278,421,676
97$580,215,320$14,319,607$0$306,198,155
98$639,067,840$14,691,826$0$336,827,764
99$703,912,941$15,071,906$0$370,564,277
100$775,361,537$15,459,906$0$407,724,134