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

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$232,873$230,799$228,775$226,800$224,871$216,376
2 years$115,284$113,137$111,056$109,038$107,081$98,622
3 years$76,092$73,936$71,860$69,862$67,937$59,778
4 years$56,501$54,351$52,296$50,332$48,453$40,658
5 years$44,748$42,612$40,584$38,659$36,833$29,422
6 years$36,916$34,796$32,798$30,916$29,145$22,122
7 years$31,324$29,221$27,255$25,418$23,703$17,066
8 years$27,132$25,048$23,114$21,323$19,664$13,408
9 years$23,873$21,809$19,909$18,162$16,560$10,675
10 years$21,267$19,223$17,357$15,656$14,110$8,586
11 years$19,137$17,113$15,281$13,625$12,135$6,960
12 years$17,363$15,360$13,561$11,951$10,516$5,676
13 years$15,863$13,881$12,116$10,551$9,170$4,652
14 years$14,578$12,618$10,886$9,366$8,038$3,827
15 years$13,466$11,526$9,829$8,353$7,078$3,158
16 years$12,494$10,575$8,911$7,479$6,255$2,613
17 years$11,637$9,739$8,109$6,720$5,546$2,167
18 years$10,876$9,000$7,402$6,056$4,931$1,800
19 years$10,196$8,341$6,777$5,472$4,396$1,497
20 years$9,584$7,751$6,219$4,956$3,926$1,246
21 years$9,032$7,219$5,720$4,498$3,513$1,039
22 years$8,530$6,739$5,272$4,090$3,149$867
23 years$8,073$6,303$4,868$3,725$2,827$723
24 years$7,655$5,905$4,502$3,397$2,541$604
25 years$7,270$5,542$4,170$3,102$2,287$505
26 years$6,916$5,209$3,867$2,837$2,060$422
27 years$6,589$4,902$3,591$2,596$1,857$353
28 years$6,285$4,619$3,338$2,379$1,676$295
29 years$6,003$4,357$3,107$2,181$1,513$247
30 years$5,740$4,115$2,894$2,002$1,367$207
31 years$5,495$3,890$2,698$1,839$1,236$173
32 years$5,265$3,681$2,517$1,690$1,118$145
33 years$5,050$3,486$2,350$1,554$1,012$121
34 years$4,848$3,304$2,196$1,430$916$101
35 years$4,658$3,134$2,053$1,316$830$85
36 years$4,479$2,974$1,921$1,212$752$71
37 years$4,310$2,825$1,798$1,117$681$59
38 years$4,150$2,685$1,683$1,029$618$50
39 years$3,999$2,553$1,577$949$560$42
40 years$3,855$2,429$1,478$875$508$35
41 years$3,719$2,312$1,386$808$461$29
42 years$3,590$2,202$1,300$745$418$24
43 years$3,467$2,098$1,220$688$380$21
44 years$3,351$2,000$1,145$635$345$17
45 years$3,239$1,907$1,075$587$313$14
46 years$3,133$1,819$1,010$542$284$12
47 years$3,032$1,736$949$501$258$10
48 years$2,935$1,657$892$463$234$8
49 years$2,842$1,583$838$428$213$7
50 years$2,753$1,512$788$395$193$6

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 $2,078 every year, while hoping to spend $38,024 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: 56/21/23 Blend
39$2,820,000$2,820,000$2,820,000$2,820,000
40$3,109,783$2,960,323$2,916,613$3,264,372
41$3,386,524$3,064,922$2,973,863$3,475,004
42$3,690,218$3,173,372$3,031,756$3,700,167
43$4,023,574$3,285,821$3,090,273$3,944,668
44$4,389,576$3,402,424$3,149,395$4,210,378
45$4,791,512$3,523,342$3,209,099$4,499,354
46$5,233,003$3,648,742$3,269,360$4,813,864
47$5,718,038$3,778,798$3,330,152$5,156,401
48$6,251,011$3,913,693$3,391,446$5,529,711
49$6,836,764$4,053,614$3,453,209$5,936,814
50$7,480,630$4,198,757$3,515,408$6,381,038
51$8,188,486$4,349,328$3,578,006$6,866,046
52$8,966,806$4,505,539$3,640,963$7,395,870
53$9,822,722$4,667,612$3,704,237$7,974,951
54$10,764,092$4,835,778$3,767,781$8,608,178
55$11,799,574$5,010,276$3,831,547$9,300,936
56$12,938,709$5,191,357$3,895,482$10,059,155
57$14,192,006$5,379,283$3,959,529$10,889,364
58$15,571,046$5,574,323$4,023,629$11,798,757
59$17,088,589$5,776,761$4,087,717$12,795,254
60$18,758,694$5,986,891$4,151,724$13,887,581
61$20,596,852$6,205,021$4,215,579$15,085,348
62$22,620,133$6,431,469$4,279,203$16,399,142
63$24,847,345$6,666,569$4,342,514$17,840,621
64$27,299,210$6,910,667$4,405,424$19,422,632
65$29,998,565$7,164,125$4,467,842$21,159,325
66$32,970,572$7,427,320$4,529,667$23,066,287
67$36,242,956$7,700,645$4,590,797$25,160,690
68$39,846,269$7,984,508$4,651,120$27,461,452
69$43,814,175$8,279,336$4,710,520$29,989,415
70$48,183,772$8,585,573$4,768,872$32,767,540
71$52,995,934$8,903,684$4,826,047$35,821,124
72$58,295,705$9,234,151$4,881,906$39,178,038
73$64,132,720$9,577,477$4,936,303$42,868,989
74$70,561,672$9,934,188$4,989,084$46,927,809
75$77,642,831$10,304,832$5,040,087$51,391,773
76$85,442,611$10,689,979$5,089,140$56,301,951
77$94,034,194$11,090,225$5,136,063$61,703,597
78$103,498,226$11,506,191$5,180,666$67,646,568
79$113,923,575$11,938,524$5,222,748$74,185,803
80$125,408,169$12,387,900$5,262,099$81,381,833
81$138,059,918$12,855,024$5,298,496$89,301,356
82$151,997,741$13,340,631$5,331,706$98,017,865
83$167,352,676$13,845,487$5,361,483$107,612,337
84$184,269,126$14,370,393$5,387,570$118,174,001
85$202,906,217$14,916,184$5,409,695$129,801,178
86$223,439,304$15,483,729$5,427,572$142,602,205
87$246,061,621$16,073,939$5,440,903$156,696,462
88$270,986,106$16,687,762$5,449,373$172,215,491
89$298,447,414$17,326,188$5,452,653$189,304,243
90$328,704,128$17,990,249$5,450,394$208,122,440
91$362,041,202$18,681,024$5,442,236$228,846,084
92$398,772,649$19,399,639$5,427,795$251,669,117
93$439,244,506$20,147,268$5,406,673$276,805,249
94$483,838,099$20,925,137$5,378,450$304,489,976
95$532,973,644$21,734,528$5,342,687$334,982,798
96$587,114,213$22,576,777$5,298,924$368,569,673
97$646,770,103$23,453,280$5,246,678$405,565,709
98$712,503,657$24,365,494$5,185,445$446,318,140
99$784,934,568$25,314,940$5,114,696$491,209,600
100$864,745,731$26,303,210$5,033,875$540,661,738