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

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 $2,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$233,699$231,617$229,586$227,604$225,668$217,316
2 years$115,692$113,538$111,450$109,425$107,461$99,140
3 years$76,362$74,198$72,115$70,110$68,178$60,151
4 years$56,701$54,544$52,481$50,510$48,625$40,952
5 years$44,907$42,763$40,728$38,797$36,964$29,666
6 years$37,047$34,919$32,914$31,026$29,248$22,330
7 years$31,435$29,325$27,352$25,508$23,787$17,247
8 years$27,228$25,137$23,196$21,398$19,733$13,566
9 years$23,958$21,886$19,979$18,226$16,618$10,814
10 years$21,343$19,292$17,418$15,711$14,160$8,709
11 years$19,205$17,174$15,335$13,674$12,178$7,068
12 years$17,424$15,415$13,609$11,994$10,553$5,772
13 years$15,919$13,930$12,159$10,589$9,202$4,737
14 years$14,630$12,662$10,925$9,399$8,067$3,903
15 years$13,514$11,567$9,864$8,383$7,103$3,225
16 years$12,538$10,613$8,943$7,506$6,277$2,673
17 years$11,678$9,774$8,138$6,744$5,566$2,219
18 years$10,914$9,032$7,429$6,077$4,949$1,846
19 years$10,232$8,370$6,801$5,492$4,411$1,538
20 years$9,618$7,778$6,241$4,974$3,940$1,282
21 years$9,064$7,245$5,741$4,514$3,526$1,071
22 years$8,561$6,763$5,291$4,104$3,160$894
23 years$8,102$6,325$4,885$3,738$2,837$748
24 years$7,682$5,926$4,518$3,409$2,550$625
25 years$7,296$5,562$4,185$3,113$2,295$523
26 years$6,941$5,227$3,881$2,847$2,067$438
27 years$6,612$4,919$3,604$2,606$1,863$367
28 years$6,307$4,635$3,350$2,387$1,681$308
29 years$6,024$4,373$3,118$2,189$1,518$258
30 years$5,761$4,130$2,904$2,009$1,372$216
31 years$5,514$3,904$2,707$1,845$1,240$181
32 years$5,284$3,694$2,526$1,696$1,122$152
33 years$5,068$3,498$2,359$1,559$1,015$127
34 years$4,865$3,316$2,204$1,435$919$107
35 years$4,674$3,145$2,060$1,321$833$89
36 years$4,495$2,985$1,927$1,216$754$75
37 years$4,325$2,835$1,804$1,121$684$63
38 years$4,165$2,694$1,689$1,033$620$53
39 years$4,013$2,562$1,583$953$562$44
40 years$3,869$2,437$1,483$879$510$37
41 years$3,733$2,320$1,391$811$463$31
42 years$3,603$2,210$1,305$748$420$26
43 years$3,480$2,105$1,224$691$381$22
44 years$3,362$2,007$1,149$638$346$18
45 years$3,251$1,914$1,079$589$314$15
46 years$3,144$1,826$1,014$544$285$13
47 years$3,042$1,742$952$503$259$11
48 years$2,945$1,663$895$464$235$9
49 years$2,852$1,588$841$429$213$8
50 years$2,763$1,517$791$397$194$6

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 $6,162 every year, while hoping to spend $46,628 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: 50/45/5 Blend
39$2,830,000$2,830,000$2,830,000$2,830,000
40$3,125,016$2,975,026$2,931,161$3,277,238
41$3,394,156$3,071,191$2,979,743$3,477,621
42$3,689,185$3,170,504$3,028,390$3,689,694
43$4,012,696$3,273,072$3,077,054$3,919,000
44$4,367,541$3,379,004$3,125,686$4,167,162
45$4,756,866$3,488,410$3,174,232$4,435,962
46$5,184,132$3,601,409$3,222,635$4,727,361
47$5,653,155$3,718,119$3,270,835$5,043,512
48$6,168,136$3,838,666$3,318,767$5,386,788
49$6,733,703$3,963,178$3,366,363$5,759,796
50$7,354,955$4,091,788$3,413,551$6,165,405
51$8,037,509$4,224,634$3,460,253$6,606,770
52$8,787,553$4,361,858$3,506,389$7,087,364
53$9,611,902$4,503,609$3,551,872$7,611,008
54$10,518,068$4,650,037$3,596,612$8,181,909
55$11,514,324$4,801,302$3,640,511$8,804,694
56$12,609,786$4,957,567$3,683,469$9,484,458
57$13,814,496$5,119,000$3,725,378$10,226,809
58$15,139,520$5,285,776$3,766,123$11,037,921
59$16,597,049$5,458,077$3,805,586$11,924,591
60$18,200,514$5,636,089$3,843,639$12,894,302
61$19,964,716$5,820,006$3,880,150$13,955,293
62$21,905,960$6,010,030$3,914,979$15,116,636
63$24,042,214$6,206,367$3,947,976$16,388,322
64$26,393,274$6,409,233$3,978,988$17,781,352
65$28,980,952$6,618,851$4,007,849$19,307,843
66$31,829,285$6,835,450$4,034,387$20,981,136
67$34,964,754$7,059,268$4,058,420$22,815,929
68$38,416,540$7,290,554$4,079,759$24,828,406
69$42,216,798$7,529,562$4,098,202$27,036,395
70$46,400,958$7,776,558$4,113,539$29,459,532
71$51,008,061$8,031,814$4,125,547$32,119,447
72$56,081,127$8,295,616$4,133,996$35,039,967
73$61,667,557$8,568,257$4,138,640$38,247,335
74$67,819,587$8,850,041$4,139,224$41,770,465
75$74,594,775$9,141,283$4,135,479$45,641,206
76$82,056,547$9,442,310$4,127,122$49,894,646
77$90,274,792$9,753,461$4,113,858$54,569,438
78$99,326,525$10,075,085$4,095,376$59,708,167
79$109,296,612$10,407,545$4,071,352$65,357,749
80$120,278,569$10,751,217$4,041,445$71,569,872
81$132,375,447$11,106,491$4,005,298$78,401,482
82$145,700,804$11,473,770$3,962,536$85,915,322
83$160,379,773$11,853,472$3,912,769$94,180,517
84$176,550,248$12,246,031$3,855,585$103,273,231
85$194,364,181$12,651,894$3,790,555$113,277,379
86$213,989,019$13,071,528$3,717,229$124,285,420
87$235,609,280$13,505,414$3,635,138$136,399,229
88$259,428,299$13,954,052$3,543,787$149,731,054
89$285,670,145$14,417,960$3,442,663$164,404,575
90$314,581,734$14,897,674$3,331,227$180,556,068
91$346,435,162$15,393,751$3,208,914$198,335,694
92$381,530,271$15,906,768$3,075,135$217,908,906
93$420,197,481$16,437,322$2,929,275$239,458,018
94$462,800,907$16,986,034$2,770,689$263,183,916
95$509,741,796$17,553,546$2,598,703$289,307,957
96$561,462,315$18,140,525$2,412,615$318,074,053
97$618,449,722$18,747,661$2,211,689$349,750,973
98$681,240,970$19,375,673$1,995,156$384,634,877
99$750,427,770$20,025,302$1,762,215$423,052,108
100$826,662,181$20,697,320$1,512,028$465,362,272