Can I retire at age 40 with 2,830,000?

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 $2,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$233,699$231,617$229,586$227,604$225,668$221,838
2 years$115,692$113,538$111,450$109,425$107,461$103,614
3 years$76,362$74,198$72,115$70,110$68,178$64,434
4 years$56,701$54,544$52,481$50,510$48,625$45,013
5 years$44,907$42,763$40,728$38,797$36,964$33,494
6 years$37,047$34,919$32,914$31,026$29,248$25,924
7 years$31,435$29,325$27,352$25,508$23,787$20,610
8 years$27,228$25,137$23,196$21,398$19,733$16,703
9 years$23,958$21,886$19,979$18,226$16,618$13,733
10 years$21,343$19,292$17,418$15,711$14,160$11,416
11 years$19,205$17,174$15,335$13,674$12,178$9,574
12 years$17,424$15,415$13,609$11,994$10,553$8,085
13 years$15,919$13,930$12,159$10,589$9,202$6,866
14 years$14,630$12,662$10,925$9,399$8,067$5,859
15 years$13,514$11,567$9,864$8,383$7,103$5,019
16 years$12,538$10,613$8,943$7,506$6,277$4,313
17 years$11,678$9,774$8,138$6,744$5,566$3,717
18 years$10,914$9,032$7,429$6,077$4,949$3,210
19 years$10,232$8,370$6,801$5,492$4,411$2,778
20 years$9,618$7,778$6,241$4,974$3,940$2,409
21 years$9,064$7,245$5,741$4,514$3,526$2,091
22 years$8,561$6,763$5,291$4,104$3,160$1,818
23 years$8,102$6,325$4,885$3,738$2,837$1,582
24 years$7,682$5,926$4,518$3,409$2,550$1,378
25 years$7,296$5,562$4,185$3,113$2,295$1,201
26 years$6,941$5,227$3,881$2,847$2,067$1,047
27 years$6,612$4,919$3,604$2,606$1,863$914
28 years$6,307$4,635$3,350$2,387$1,681$798
29 years$6,024$4,373$3,118$2,189$1,518$698
30 years$5,761$4,130$2,904$2,009$1,372$610
31 years$5,514$3,904$2,707$1,845$1,240$533
32 years$5,284$3,694$2,526$1,696$1,122$466
33 years$5,068$3,498$2,359$1,559$1,015$408
34 years$4,865$3,316$2,204$1,435$919$357
35 years$4,674$3,145$2,060$1,321$833$312
36 years$4,495$2,985$1,927$1,216$754$273
37 years$4,325$2,835$1,804$1,121$684$239
38 years$4,165$2,694$1,689$1,033$620$210
39 years$4,013$2,562$1,583$953$562$184
40 years$3,869$2,437$1,483$879$510$161
41 years$3,733$2,320$1,391$811$463$141
42 years$3,603$2,210$1,305$748$420$123
43 years$3,480$2,105$1,224$691$381$108
44 years$3,362$2,007$1,149$638$346$95
45 years$3,251$1,914$1,079$589$314$83
46 years$3,144$1,826$1,014$544$285$73
47 years$3,042$1,742$952$503$259$64
48 years$2,945$1,663$895$464$235$56
49 years$2,852$1,588$841$429$213$49
50 years$2,763$1,517$791$397$194$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,830,000, adding $3,557 every year, while hoping to spend $24,056 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: 83/8/9 Blend
39$2,830,000$2,830,000$2,830,000$2,830,000
40$3,122,329$2,972,339$2,928,474$3,377,364
41$3,415,211$3,092,388$3,000,983$3,664,751
42$3,737,161$3,217,514$3,075,114$3,976,695
43$4,091,118$3,347,938$3,150,897$4,318,516
44$4,480,321$3,483,896$3,228,361$4,693,198
45$4,908,338$3,625,631$3,307,535$5,104,028
46$5,379,100$3,773,398$3,388,448$5,554,625
47$5,896,937$3,927,465$3,471,131$6,048,977
48$6,466,624$4,088,109$3,555,613$6,591,474
49$7,093,416$4,255,623$3,641,922$7,186,954
50$7,783,108$4,430,312$3,730,090$7,840,743
51$8,542,083$4,612,495$3,820,146$8,558,710
52$9,377,373$4,802,506$3,912,119$9,347,318
53$10,296,730$5,000,693$4,006,039$10,213,688
54$11,308,691$5,207,421$4,101,936$11,165,664
55$12,422,665$5,423,073$4,199,839$12,211,886
56$13,649,020$5,648,046$4,299,777$13,361,873
57$14,999,179$5,882,760$4,401,779$14,626,113
58$16,485,731$6,127,650$4,505,873$16,016,157
59$18,122,544$6,383,174$4,612,089$17,544,733
60$19,924,904$6,649,810$4,720,454$19,225,864
61$21,909,651$6,928,057$4,830,996$21,074,998
62$24,095,342$7,218,439$4,943,742$23,109,156
63$26,502,428$7,521,504$5,058,718$25,347,091
64$29,153,442$7,837,823$5,175,951$27,809,463
65$32,073,213$8,167,997$5,295,466$30,519,037
66$35,289,104$8,512,652$5,417,287$33,500,894
67$38,831,266$8,872,445$5,541,439$36,782,669
68$42,732,922$9,248,062$5,667,944$40,394,812
69$47,030,684$9,640,221$5,796,824$44,370,871
70$51,764,896$10,049,674$5,928,101$48,747,814
71$56,980,017$10,477,209$6,061,793$53,566,372
72$62,725,035$10,923,649$6,197,920$58,871,424
73$69,053,936$11,389,856$6,336,498$64,712,424
74$76,026,211$11,876,731$6,477,543$71,143,862
75$83,707,413$12,385,220$6,621,070$78,225,779
76$92,169,784$12,916,311$6,767,090$86,024,334
77$101,492,929$13,471,037$6,915,615$94,612,428
78$111,764,573$14,050,483$7,066,653$104,070,392
79$123,081,385$14,655,782$7,220,211$114,486,739
80$135,549,891$15,288,120$7,376,293$125,959,007
81$149,287,482$15,948,740$7,534,902$138,594,672
82$164,423,520$16,638,944$7,696,036$152,512,165
83$181,100,559$17,360,091$7,859,692$167,841,990
84$199,475,689$18,113,609$8,025,865$184,727,950
85$219,722,023$18,900,989$8,194,545$203,328,509
86$242,030,327$19,723,796$8,365,720$223,818,283
87$266,610,823$20,583,664$8,539,375$246,389,690
88$293,695,172$21,482,309$8,715,489$271,254,764
89$323,538,660$22,421,523$8,894,039$298,647,153
90$356,422,612$23,403,186$9,074,997$328,824,329
91$392,657,042$24,429,266$9,258,333$362,070,011
92$432,583,582$25,501,822$9,444,009$398,696,848
93$476,578,709$26,623,012$9,631,985$439,049,365
94$525,057,293$27,795,096$9,822,212$483,507,213
95$578,476,522$29,020,440$10,014,641$532,488,756
96$637,340,208$30,301,522$10,209,212$586,455,015
97$702,203,551$31,640,939$10,405,863$645,914,023
98$773,678,376$33,041,408$10,604,522$711,425,612
99$852,438,911$34,505,777$10,805,114$783,606,703
100$939,228,148$36,037,029$11,007,554$863,137,125