Can I retire at age 40 with 2,790,000?

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$230,396$228,343$226,341$224,387$222,479$215,271
2 years$114,057$111,933$109,874$107,878$105,942$98,748
3 years$75,283$73,149$71,096$69,119$67,214$60,259
4 years$55,899$53,773$51,740$49,796$47,938$41,276
5 years$44,272$42,158$40,152$38,248$36,441$30,090
6 years$36,524$34,425$32,449$30,587$28,835$22,799
7 years$30,991$28,910$26,965$25,148$23,450$17,730
8 years$26,843$24,782$22,869$21,096$19,454$14,045
9 years$23,619$21,577$19,697$17,969$16,383$11,279
10 years$21,041$19,019$17,172$15,489$13,960$9,152
11 years$18,933$16,931$15,118$13,480$12,006$7,486
12 years$17,178$15,197$13,417$11,824$10,404$6,163
13 years$15,694$13,733$11,987$10,439$9,072$5,099
14 years$14,423$12,483$10,770$9,266$7,953$4,236
15 years$13,323$11,404$9,724$8,264$7,002$3,531
16 years$12,361$10,463$8,816$7,400$6,189$2,951
17 years$11,513$9,636$8,023$6,648$5,487$2,472
18 years$10,760$8,904$7,324$5,992$4,879$2,075
19 years$10,087$8,252$6,704$5,414$4,349$1,744
20 years$9,482$7,668$6,153$4,903$3,884$1,468
21 years$8,936$7,143$5,660$4,450$3,476$1,237
22 years$8,440$6,667$5,216$4,046$3,116$1,043
23 years$7,987$6,236$4,816$3,685$2,797$881
24 years$7,573$5,843$4,454$3,361$2,514$744
25 years$7,193$5,483$4,125$3,069$2,262$628
26 years$6,843$5,153$3,826$2,806$2,038$531
27 years$6,519$4,850$3,553$2,569$1,837$449
28 years$6,218$4,570$3,303$2,354$1,658$380
29 years$5,939$4,311$3,074$2,158$1,497$322
30 years$5,679$4,071$2,863$1,981$1,353$272
31 years$5,436$3,849$2,669$1,819$1,223$230
32 years$5,209$3,642$2,490$1,672$1,106$195
33 years$4,996$3,449$2,325$1,537$1,001$165
34 years$4,797$3,269$2,173$1,415$906$140
35 years$4,608$3,100$2,031$1,302$821$118
36 years$4,431$2,943$1,900$1,199$744$100
37 years$4,264$2,795$1,778$1,105$674$85
38 years$4,106$2,656$1,665$1,018$611$72
39 years$3,956$2,526$1,560$939$554$61
40 years$3,814$2,403$1,463$866$503$52
41 years$3,680$2,287$1,371$799$456$44
42 years$3,552$2,178$1,286$738$414$37
43 years$3,431$2,076$1,207$681$376$31
44 years$3,315$1,978$1,133$629$341$27
45 years$3,205$1,887$1,064$581$309$23
46 years$3,100$1,800$999$536$281$19
47 years$2,999$1,718$939$495$255$16
48 years$2,903$1,640$882$458$232$14
49 years$2,812$1,566$829$423$210$12
50 years$2,724$1,496$780$391$191$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,790,000, adding $3,696 every year, while hoping to spend $49,020 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: 79/13/8 Blend
39$2,790,000$2,790,000$2,790,000$2,790,000
40$3,078,392$2,930,522$2,887,277$3,318,001
41$3,340,232$3,021,961$2,931,844$3,567,123
42$3,627,135$3,116,237$2,976,261$3,833,572
43$3,941,609$3,213,438$3,020,471$4,124,409
44$4,286,410$3,313,654$3,064,415$4,442,042
45$4,664,578$3,416,978$3,108,027$4,789,126
46$5,079,459$3,523,504$3,151,240$5,168,579
47$5,534,740$3,633,331$3,193,982$5,583,621
48$6,034,480$3,746,561$3,236,178$6,037,792
49$6,583,153$3,863,298$3,277,745$6,534,994
50$7,185,684$3,983,650$3,318,599$7,079,525
51$7,847,502$4,107,727$3,358,650$7,676,117
52$8,574,585$4,235,643$3,397,803$8,329,983
53$9,373,519$4,367,516$3,435,956$9,046,864
54$10,251,561$4,503,467$3,473,003$9,833,086
55$11,216,705$4,643,622$3,508,833$10,695,616
56$12,277,757$4,788,107$3,543,327$11,642,130
57$13,444,420$4,937,056$3,576,360$12,681,081
58$14,727,384$5,090,605$3,607,802$13,821,785
59$16,138,427$5,248,895$3,637,513$15,074,503
60$17,690,525$5,412,069$3,665,348$16,450,539
61$19,397,975$5,580,277$3,691,154$17,962,349
62$21,276,530$5,753,672$3,714,770$19,623,654
63$23,343,547$5,932,413$3,736,025$21,449,572
64$25,618,149$6,116,662$3,754,742$23,456,759
65$28,121,407$6,306,585$3,770,733$25,663,569
66$30,876,540$6,502,357$3,783,802$28,090,220
67$33,909,128$6,704,154$3,793,740$30,758,991
68$37,247,361$6,912,159$3,800,332$33,694,430
69$40,922,298$7,126,561$3,803,350$36,923,585
70$44,968,163$7,347,553$3,802,552$40,476,256
71$49,422,668$7,575,335$3,797,690$44,385,281
72$54,327,366$7,810,113$3,788,499$48,686,843
73$59,728,047$8,052,098$3,774,703$53,420,812
74$65,675,164$8,301,507$3,756,012$58,631,117
75$72,224,316$8,558,566$3,732,124$64,366,168
76$79,436,765$8,823,505$3,702,719$70,679,303
77$87,380,019$9,096,561$3,667,464$77,629,299
78$96,128,468$9,377,978$3,626,011$85,280,922
79$105,764,082$9,668,010$3,577,992$93,705,541
80$116,377,190$9,966,914$3,523,027$102,981,796
81$128,067,328$10,274,958$3,460,713$113,196,346
82$140,944,180$10,592,414$3,390,631$124,444,681
83$155,128,611$10,919,567$3,312,341$136,832,029
84$170,753,809$11,256,706$3,225,385$150,474,343
85$187,966,544$11,604,131$3,129,282$165,499,396
86$206,928,546$11,962,149$3,023,528$182,047,992
87$227,818,040$12,331,075$2,907,597$200,275,287
88$250,831,419$12,711,237$2,780,941$220,352,259
89$276,185,105$13,102,970$2,642,984$242,467,318
90$304,117,587$13,506,616$2,493,125$266,828,085
91$334,891,672$13,922,532$2,330,737$293,663,354
92$368,796,969$14,351,081$2,155,162$323,225,246
93$406,152,615$14,792,640$1,965,715$355,791,592
94$447,310,295$15,247,593$1,761,680$391,668,556
95$492,657,557$15,716,337$1,542,308$431,193,523
96$542,621,471$16,199,280$1,306,819$474,738,282
97$597,672,658$16,696,843$1,054,395$522,712,537
98$658,329,737$17,209,455$784,184$575,567,777
99$725,164,212$17,737,561$495,297$633,801,530
100$798,805,878$18,281,617$186,805$697,962,067