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%14.5%
1 years$233,699$231,617$229,586$227,604$225,668$221,474
2 years$115,692$113,538$111,450$109,425$107,461$103,251
3 years$76,362$74,198$72,115$70,110$68,178$64,084
4 years$56,701$54,544$52,481$50,510$48,625$44,678
5 years$44,907$42,763$40,728$38,797$36,964$33,175
6 years$37,047$34,919$32,914$31,026$29,248$25,622
7 years$31,435$29,325$27,352$25,508$23,787$20,324
8 years$27,228$25,137$23,196$21,398$19,733$16,433
9 years$23,958$21,886$19,979$18,226$16,618$13,479
10 years$21,343$19,292$17,418$15,711$14,160$11,178
11 years$19,205$17,174$15,335$13,674$12,178$9,350
12 years$17,424$15,415$13,609$11,994$10,553$7,875
13 years$15,919$13,930$12,159$10,589$9,202$6,671
14 years$14,630$12,662$10,925$9,399$8,067$5,677
15 years$13,514$11,567$9,864$8,383$7,103$4,849
16 years$12,538$10,613$8,943$7,506$6,277$4,156
17 years$11,678$9,774$8,138$6,744$5,566$3,571
18 years$10,914$9,032$7,429$6,077$4,949$3,075
19 years$10,232$8,370$6,801$5,492$4,411$2,654
20 years$9,618$7,778$6,241$4,974$3,940$2,294
21 years$9,064$7,245$5,741$4,514$3,526$1,985
22 years$8,561$6,763$5,291$4,104$3,160$1,720
23 years$8,102$6,325$4,885$3,738$2,837$1,492
24 years$7,682$5,926$4,518$3,409$2,550$1,296
25 years$7,296$5,562$4,185$3,113$2,295$1,126
26 years$6,941$5,227$3,881$2,847$2,067$979
27 years$6,612$4,919$3,604$2,606$1,863$852
28 years$6,307$4,635$3,350$2,387$1,681$741
29 years$6,024$4,373$3,118$2,189$1,518$646
30 years$5,761$4,130$2,904$2,009$1,372$562
31 years$5,514$3,904$2,707$1,845$1,240$490
32 years$5,284$3,694$2,526$1,696$1,122$427
33 years$5,068$3,498$2,359$1,559$1,015$372
34 years$4,865$3,316$2,204$1,435$919$325
35 years$4,674$3,145$2,060$1,321$833$283
36 years$4,495$2,985$1,927$1,216$754$247
37 years$4,325$2,835$1,804$1,121$684$216
38 years$4,165$2,694$1,689$1,033$620$188
39 years$4,013$2,562$1,583$953$562$164
40 years$3,869$2,437$1,483$879$510$143
41 years$3,733$2,320$1,391$811$463$125
42 years$3,603$2,210$1,305$748$420$109
43 years$3,480$2,105$1,224$691$381$95
44 years$3,362$2,007$1,149$638$346$83
45 years$3,251$1,914$1,079$589$314$73
46 years$3,144$1,826$1,014$544$285$63
47 years$3,042$1,742$952$503$259$55
48 years$2,945$1,663$895$464$235$48
49 years$2,852$1,588$841$429$213$42
50 years$2,763$1,517$791$397$194$37

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 $2,623 every year, while hoping to spend $34,066 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: 52/37/11 Blend
39$2,830,000$2,830,000$2,830,000$2,830,000
40$3,121,366$2,971,376$2,927,511$3,274,559
41$3,403,499$3,080,727$2,989,336$3,488,620
42$3,713,268$3,194,295$3,052,091$3,717,429
43$4,053,456$3,312,250$3,115,771$3,965,479
44$4,427,128$3,434,770$3,180,369$4,234,597
45$4,837,662$3,562,040$3,245,878$4,526,788
46$5,288,778$3,694,255$3,312,289$4,844,258
47$5,784,574$3,831,614$3,379,592$5,189,434
48$6,329,566$3,974,329$3,447,774$5,564,982
49$6,928,729$4,122,618$3,516,821$5,973,838
50$7,587,543$4,276,710$3,586,718$6,419,228
51$8,312,047$4,436,843$3,657,448$6,904,704
52$9,108,893$4,603,266$3,728,990$7,434,172
53$9,985,412$4,776,237$3,801,323$8,011,931
54$10,949,679$4,956,028$3,874,422$8,642,711
55$12,010,592$5,142,920$3,948,261$9,331,718
56$13,177,957$5,337,206$4,022,812$10,084,680
57$14,462,574$5,539,195$4,098,042$10,907,904
58$15,876,347$5,749,206$4,173,916$11,808,330
59$17,432,390$5,967,573$4,250,399$12,793,599
60$19,145,154$6,194,645$4,327,448$13,872,124
61$21,030,563$6,430,785$4,405,020$15,053,164
62$23,106,159$6,676,373$4,483,067$16,346,916
63$25,391,277$6,931,805$4,561,539$17,764,605
64$27,907,218$7,197,494$4,640,382$19,318,594
65$30,677,455$7,473,872$4,719,535$21,022,494
66$33,727,853$7,761,388$4,798,936$22,891,295
67$37,086,912$8,060,514$4,878,519$24,941,503
68$40,786,037$8,371,740$4,958,210$27,191,297
69$44,859,836$8,695,579$5,037,933$29,660,699
70$49,346,441$9,032,564$5,117,606$32,371,758
71$54,287,874$9,383,255$5,197,141$35,348,763
72$59,730,438$9,748,235$5,276,446$38,618,462
73$65,725,157$10,128,113$5,355,421$42,210,319
74$72,328,257$10,523,525$5,433,962$46,156,790
75$79,601,696$10,935,135$5,511,957$50,493,625
76$87,613,748$11,363,636$5,589,287$55,260,202
77$96,439,650$11,809,753$5,665,827$60,499,902
78$106,162,306$12,274,242$5,741,444$66,260,513
79$116,873,076$12,757,895$5,815,997$72,594,678
80$128,672,634$13,261,537$5,889,338$79,560,390
81$141,671,920$13,786,030$5,961,308$87,221,541
82$155,993,186$14,332,275$6,031,742$95,648,516
83$171,771,149$14,901,214$6,100,463$104,918,860
84$189,154,264$15,493,831$6,167,286$115,118,004
85$208,306,124$16,111,154$6,232,015$126,340,070
86$229,407,004$16,754,257$6,294,443$138,688,758
87$252,655,565$17,424,261$6,354,353$152,278,318
88$278,270,724$18,122,341$6,411,515$167,234,628
89$306,493,724$18,849,722$6,465,687$183,696,380
90$337,590,410$19,607,685$6,516,615$201,816,382
91$371,853,740$20,397,570$6,564,030$221,763,000
92$409,606,547$21,220,776$6,607,650$243,721,741
93$451,204,587$22,078,767$6,647,178$267,897,004
94$497,039,900$22,973,071$6,682,304$294,514,000
95$547,544,507$23,905,288$6,712,698$323,820,878
96$603,194,489$24,877,090$6,738,016$356,091,064
97$664,514,484$25,890,225$6,757,896$391,625,833
98$732,082,634$26,946,518$6,771,959$430,757,149
99$806,536,047$28,047,882$6,779,804$473,850,797
100$888,576,809$29,196,314$6,781,012$521,309,830