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%18.6%
1 years$233,699$231,617$229,586$227,604$225,668$217,835
2 years$115,692$113,538$111,450$109,425$107,461$99,650
3 years$76,362$74,198$72,115$70,110$68,178$60,634
4 years$56,701$54,544$52,481$50,510$48,625$41,407
5 years$44,907$42,763$40,728$38,797$36,964$30,090
6 years$37,047$34,919$32,914$31,026$29,248$22,725
7 years$31,435$29,325$27,352$25,508$23,787$17,612
8 years$27,228$25,137$23,196$21,398$19,733$13,902
9 years$23,958$21,886$19,979$18,226$16,618$11,123
10 years$21,343$19,292$17,418$15,711$14,160$8,992
11 years$19,205$17,174$15,335$13,674$12,178$7,326
12 years$17,424$15,415$13,609$11,994$10,553$6,007
13 years$15,919$13,930$12,159$10,589$9,202$4,950
14 years$14,630$12,662$10,925$9,399$8,067$4,095
15 years$13,514$11,567$9,864$8,383$7,103$3,399
16 years$12,538$10,613$8,943$7,506$6,277$2,829
17 years$11,678$9,774$8,138$6,744$5,566$2,359
18 years$10,914$9,032$7,429$6,077$4,949$1,971
19 years$10,232$8,370$6,801$5,492$4,411$1,650
20 years$9,618$7,778$6,241$4,974$3,940$1,382
21 years$9,064$7,245$5,741$4,514$3,526$1,159
22 years$8,561$6,763$5,291$4,104$3,160$973
23 years$8,102$6,325$4,885$3,738$2,837$817
24 years$7,682$5,926$4,518$3,409$2,550$687
25 years$7,296$5,562$4,185$3,113$2,295$578
26 years$6,941$5,227$3,881$2,847$2,067$486
27 years$6,612$4,919$3,604$2,606$1,863$409
28 years$6,307$4,635$3,350$2,387$1,681$344
29 years$6,024$4,373$3,118$2,189$1,518$290
30 years$5,761$4,130$2,904$2,009$1,372$244
31 years$5,514$3,904$2,707$1,845$1,240$206
32 years$5,284$3,694$2,526$1,696$1,122$173
33 years$5,068$3,498$2,359$1,559$1,015$146
34 years$4,865$3,316$2,204$1,435$919$123
35 years$4,674$3,145$2,060$1,321$833$104
36 years$4,495$2,985$1,927$1,216$754$87
37 years$4,325$2,835$1,804$1,121$684$74
38 years$4,165$2,694$1,689$1,033$620$62
39 years$4,013$2,562$1,583$953$562$52
40 years$3,869$2,437$1,483$879$510$44
41 years$3,733$2,320$1,391$811$463$37
42 years$3,603$2,210$1,305$748$420$31
43 years$3,480$2,105$1,224$691$381$26
44 years$3,362$2,007$1,149$638$346$22
45 years$3,251$1,914$1,079$589$314$19
46 years$3,144$1,826$1,014$544$285$16
47 years$3,042$1,742$952$503$259$13
48 years$2,945$1,663$895$464$235$11
49 years$2,852$1,588$841$429$213$9
50 years$2,763$1,517$791$397$194$8

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 $4,955 every year, while hoping to spend $57,819 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: 59/17/24 Blend
39$2,830,000$2,830,000$2,830,000$2,830,000
40$3,123,771$2,973,781$2,929,916$3,287,673
41$3,380,877$3,057,977$2,966,549$3,484,040
42$3,662,269$3,144,361$3,002,472$3,691,459
43$3,970,365$3,232,979$3,037,599$3,916,446
44$4,307,825$3,323,878$3,071,841$4,160,717
45$4,677,579$3,417,104$3,105,103$4,426,161
46$5,082,853$3,512,703$3,137,286$4,714,862
47$5,527,203$3,610,725$3,168,284$5,029,111
48$6,014,543$3,711,215$3,197,986$5,371,436
49$6,549,183$3,814,222$3,226,276$5,744,619
50$7,135,874$3,919,792$3,253,030$6,151,726
51$7,779,844$4,027,974$3,278,118$6,596,134
52$8,486,858$4,138,814$3,301,404$7,081,564
53$9,263,261$4,252,359$3,322,745$7,612,116
54$10,116,045$4,368,656$3,341,989$8,192,307
55$11,052,914$4,487,752$3,358,977$8,827,115
56$12,082,351$4,609,693$3,373,543$9,522,022
57$13,213,706$4,734,522$3,385,511$10,283,072
58$14,457,275$4,862,285$3,394,697$11,116,922
59$15,824,406$4,993,026$3,400,908$12,030,910
60$17,327,597$5,126,786$3,403,940$13,033,119
61$18,980,620$5,263,607$3,403,581$14,132,459
62$20,798,649$5,403,529$3,399,606$15,338,747
63$22,798,399$5,546,590$3,391,781$16,662,801
64$24,998,290$5,692,827$3,379,860$18,116,541
65$27,418,616$5,842,275$3,363,585$19,713,105
66$30,081,735$5,994,967$3,342,686$21,466,970
67$33,012,285$6,150,934$3,316,879$23,394,089
68$36,237,410$6,310,202$3,285,867$25,512,044
69$39,787,021$6,472,797$3,249,339$27,840,208
70$43,694,075$6,638,742$3,206,969$30,399,933
71$47,994,884$6,808,054$3,158,416$33,214,748
72$52,729,463$6,980,749$3,103,323$36,310,584
73$57,941,900$7,156,837$3,041,317$39,716,016
74$63,680,778$7,336,326$2,972,005$43,462,536
75$69,999,628$7,519,218$2,894,978$47,584,849
76$76,957,439$7,705,508$2,809,809$52,121,200
77$84,619,209$7,895,189$2,716,048$57,113,738
78$93,056,561$8,088,246$2,613,228$62,608,913
79$102,348,417$8,284,657$2,500,859$68,657,913
80$112,581,746$8,484,396$2,378,428$75,317,153
81$123,852,379$8,687,426$2,245,400$82,648,800
82$136,265,916$8,893,704$2,101,215$90,721,369
83$149,938,723$9,103,179$1,945,289$99,610,363
84$164,999,027$9,315,789$1,777,011$109,398,992
85$181,588,128$9,531,463$1,595,741$120,178,956
86$199,861,733$9,750,120$1,400,814$132,051,312
87$219,991,421$9,971,667$1,191,533$145,127,430
88$242,166,267$10,196,000$967,170$159,530,043
89$266,594,622$10,423,000$726,966$175,394,409
90$293,506,082$10,652,536$470,129$192,869,587
91$323,153,654$10,884,462$195,829$212,119,846
92$355,816,142$11,118,615$0$233,326,215
93$391,800,779$11,354,818$0$256,713,012
94$431,446,128$11,592,874$0$282,530,410
95$475,125,275$11,832,566$0$310,970,743
96$523,249,352$12,073,661$0$342,301,276
97$576,271,415$12,315,900$0$376,816,530
98$634,690,724$12,559,003$0$414,841,061
99$699,057,450$12,802,667$0$456,732,525
100$769,977,874$13,046,561$0$502,885,052