Can I retire at age 40 with 2,820,000?

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$232,873$230,799$228,775$226,800$224,871$220,061
2 years$115,284$113,137$111,056$109,038$107,081$102,259
3 years$76,092$73,936$71,860$69,862$67,937$63,252
4 years$56,501$54,351$52,296$50,332$48,453$43,942
5 years$44,748$42,612$40,584$38,659$36,833$32,509
6 years$36,916$34,796$32,798$30,916$29,145$25,012
7 years$31,324$29,221$27,255$25,418$23,703$19,762
8 years$27,132$25,048$23,114$21,323$19,664$15,914
9 years$23,873$21,809$19,909$18,162$16,560$12,998
10 years$21,267$19,223$17,357$15,656$14,110$10,733
11 years$19,137$17,113$15,281$13,625$12,135$8,938
12 years$17,363$15,360$13,561$11,951$10,516$7,495
13 years$15,863$13,881$12,116$10,551$9,170$6,319
14 years$14,578$12,618$10,886$9,366$8,038$5,352
15 years$13,466$11,526$9,829$8,353$7,078$4,550
16 years$12,494$10,575$8,911$7,479$6,255$3,880
17 years$11,637$9,739$8,109$6,720$5,546$3,317
18 years$10,876$9,000$7,402$6,056$4,931$2,842
19 years$10,196$8,341$6,777$5,472$4,396$2,440
20 years$9,584$7,751$6,219$4,956$3,926$2,098
21 years$9,032$7,219$5,720$4,498$3,513$1,806
22 years$8,530$6,739$5,272$4,090$3,149$1,557
23 years$8,073$6,303$4,868$3,725$2,827$1,343
24 years$7,655$5,905$4,502$3,397$2,541$1,160
25 years$7,270$5,542$4,170$3,102$2,287$1,002
26 years$6,916$5,209$3,867$2,837$2,060$866
27 years$6,589$4,902$3,591$2,596$1,857$750
28 years$6,285$4,619$3,338$2,379$1,676$649
29 years$6,003$4,357$3,107$2,181$1,513$562
30 years$5,740$4,115$2,894$2,002$1,367$486
31 years$5,495$3,890$2,698$1,839$1,236$421
32 years$5,265$3,681$2,517$1,690$1,118$365
33 years$5,050$3,486$2,350$1,554$1,012$317
34 years$4,848$3,304$2,196$1,430$916$275
35 years$4,658$3,134$2,053$1,316$830$238
36 years$4,479$2,974$1,921$1,212$752$206
37 years$4,310$2,825$1,798$1,117$681$179
38 years$4,150$2,685$1,683$1,029$618$155
39 years$3,999$2,553$1,577$949$560$135
40 years$3,855$2,429$1,478$875$508$117
41 years$3,719$2,312$1,386$808$461$101
42 years$3,590$2,202$1,300$745$418$88
43 years$3,467$2,098$1,220$688$380$76
44 years$3,351$2,000$1,145$635$345$66
45 years$3,239$1,907$1,075$587$313$58
46 years$3,133$1,819$1,010$542$284$50
47 years$3,032$1,736$949$501$258$43
48 years$2,935$1,657$892$463$234$38
49 years$2,842$1,583$838$428$213$33
50 years$2,753$1,512$788$395$193$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,820,000, adding $2,295 every year, while hoping to spend $32,186 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: 57/37/6 Blend
39$2,820,000$2,820,000$2,820,000$2,820,000
40$3,110,007$2,960,547$2,916,837$3,283,285
41$3,392,982$3,071,368$2,980,306$3,510,848
42$3,703,742$3,186,541$3,044,822$3,754,835
43$4,045,087$3,306,245$3,110,386$4,019,861
44$4,420,101$3,430,666$3,176,999$4,307,934
45$4,832,182$3,559,999$3,244,660$4,621,266
46$5,285,075$3,694,449$3,313,366$4,962,286
47$5,782,903$3,834,228$3,383,114$5,333,667
48$6,330,210$3,979,556$3,453,899$5,738,350
49$6,932,002$4,130,665$3,525,715$6,179,568
50$7,593,794$4,287,795$3,598,555$6,660,878
51$8,321,663$4,451,199$3,672,408$7,186,195
52$9,122,304$4,621,139$3,747,265$7,759,825
53$10,003,093$4,797,889$3,823,112$8,386,508
54$10,972,157$4,981,734$3,899,935$9,071,458
55$12,038,451$5,172,973$3,977,717$9,820,415
56$13,211,842$5,371,918$4,056,440$10,639,697
57$14,503,201$5,578,893$4,136,082$11,536,258
58$15,924,507$5,794,238$4,216,620$12,517,752
59$17,488,958$6,018,307$4,298,028$13,592,605
60$19,211,098$6,251,471$4,380,279$14,770,096
61$21,106,952$6,494,115$4,463,340$16,060,438
62$23,194,177$6,746,643$4,547,178$17,474,877
63$25,492,230$7,009,475$4,631,755$19,025,796
64$28,022,551$7,283,052$4,717,032$20,726,830
65$30,808,762$7,567,833$4,802,964$22,592,994
66$33,876,896$7,864,297$4,889,504$24,640,822
67$37,255,638$8,172,946$4,976,600$26,888,525
68$40,976,595$8,494,303$5,064,198$29,356,156
69$45,074,598$8,828,913$5,152,239$32,065,803
70$49,588,026$9,177,349$5,240,658$35,041,790
71$54,559,172$9,540,207$5,329,388$38,310,911
72$60,034,640$9,918,109$5,418,354$41,902,678
73$66,065,784$10,311,707$5,507,480$45,849,596
74$72,709,195$10,721,682$5,596,681$50,187,470
75$80,027,231$11,148,743$5,685,869$54,955,742
76$88,088,611$11,593,633$5,774,948$60,197,859
77$96,969,057$12,057,130$5,863,817$65,961,680
78$106,752,015$12,540,042$5,952,368$72,299,929
79$117,529,435$13,043,220$6,040,487$79,270,686
80$129,402,647$13,567,547$6,128,053$86,937,937
81$142,483,311$14,113,950$6,214,937$95,372,172
82$156,894,473$14,683,398$6,301,001$104,651,047
83$172,771,725$15,276,901$6,386,101$114,860,119
84$190,264,489$15,895,517$6,470,084$126,093,646
85$209,537,422$16,540,352$6,552,786$138,455,475
86$230,771,971$17,212,562$6,634,037$152,060,018
87$254,168,089$17,913,354$6,713,654$167,033,332
88$279,946,119$18,643,993$6,791,445$183,514,302
89$308,348,873$19,405,799$6,867,209$201,655,948
90$339,643,928$20,200,153$6,940,730$221,626,870
91$374,126,147$21,028,499$7,011,784$243,612,829
92$412,120,468$21,892,349$7,080,132$267,818,504
93$453,984,962$22,793,281$7,145,523$294,469,412
94$500,114,224$23,732,947$7,207,694$323,814,038
95$550,943,088$24,713,075$7,266,365$356,126,173
96$606,950,739$25,735,472$7,321,244$391,707,495
97$668,665,231$26,802,026$7,372,022$430,890,412
98$736,668,475$27,914,716$7,418,376$474,041,192
99$811,601,731$29,075,608$7,459,962$521,563,418
100$894,171,660$30,286,866$7,496,424$573,901,790