Can I retire at age 40 with 2,840,000?

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 $2,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$234,525$232,436$230,397$228,408$226,466$221,081
2 years$116,101$113,939$111,843$109,812$107,841$102,447
3 years$76,632$74,460$72,370$70,357$68,419$63,185
4 years$56,901$54,736$52,667$50,689$48,797$43,763
5 years$45,066$42,914$40,872$38,934$37,094$32,275
6 years$37,178$35,042$33,030$31,136$29,352$24,751
7 years$31,546$29,429$27,448$25,598$23,871$19,489
8 years$27,324$25,226$23,278$21,474$19,803$15,640
9 years$24,042$21,964$20,050$18,291$16,677$12,728
10 years$21,418$19,360$17,480$15,767$14,210$10,471
11 years$19,273$17,235$15,389$13,722$12,221$8,687
12 years$17,486$15,469$13,657$12,036$10,590$7,256
13 years$15,975$13,980$12,202$10,626$9,235$6,093
14 years$14,682$12,707$10,963$9,433$8,095$5,139
15 years$13,561$11,608$9,899$8,412$7,128$4,351
16 years$12,582$10,650$8,974$7,532$6,300$3,694
17 years$11,719$9,808$8,166$6,768$5,586$3,145
18 years$10,953$9,063$7,455$6,099$4,966$2,683
19 years$10,268$8,400$6,825$5,511$4,427$2,293
20 years$9,652$7,806$6,263$4,991$3,954$1,962
21 years$9,096$7,271$5,761$4,530$3,538$1,682
22 years$8,591$6,787$5,310$4,119$3,172$1,443
23 years$8,131$6,348$4,903$3,751$2,847$1,239
24 years$7,709$5,947$4,534$3,421$2,559$1,065
25 years$7,322$5,581$4,199$3,124$2,303$916
26 years$6,965$5,245$3,895$2,857$2,074$788
27 years$6,635$4,937$3,617$2,615$1,870$678
28 years$6,330$4,652$3,362$2,396$1,687$584
29 years$6,046$4,388$3,129$2,197$1,524$503
30 years$5,781$4,144$2,914$2,016$1,377$434
31 years$5,534$3,918$2,717$1,852$1,245$374
32 years$5,303$3,707$2,535$1,702$1,126$322
33 years$5,086$3,511$2,367$1,565$1,019$278
34 years$4,882$3,327$2,211$1,440$923$240
35 years$4,691$3,156$2,068$1,326$836$207
36 years$4,511$2,995$1,934$1,221$757$179
37 years$4,340$2,845$1,810$1,125$686$154
38 years$4,179$2,704$1,695$1,037$622$133
39 years$4,027$2,571$1,588$956$564$115
40 years$3,883$2,446$1,489$882$512$99
41 years$3,746$2,328$1,396$813$464$86
42 years$3,616$2,217$1,309$751$421$74
43 years$3,492$2,113$1,229$693$382$64
44 years$3,374$2,014$1,153$640$347$55
45 years$3,262$1,920$1,083$591$315$48
46 years$3,155$1,832$1,017$546$286$41
47 years$3,053$1,748$956$504$260$35
48 years$2,955$1,669$898$466$236$31
49 years$2,862$1,594$844$431$214$26
50 years$2,773$1,522$794$398$195$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,840,000, adding $6,174 every year, while hoping to spend $54,013 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: 61/16/23 Blend
39$2,840,000$2,840,000$2,840,000$2,840,000
40$3,136,048$2,985,528$2,941,508$3,307,922
41$3,398,456$3,074,350$2,982,580$3,513,952
42$3,685,819$3,165,713$3,023,216$3,732,258
43$4,000,625$3,259,686$3,063,347$3,969,334
44$4,345,616$3,356,338$3,102,896$4,227,017
45$4,723,809$3,455,738$3,141,783$4,507,327
46$5,138,528$3,557,960$3,179,924$4,812,492
47$5,593,435$3,663,077$3,217,228$5,144,964
48$6,092,561$3,771,164$3,253,601$5,507,444
49$6,640,349$3,882,298$3,288,944$5,902,907
50$7,241,692$3,996,558$3,323,150$6,334,630
51$7,901,978$4,114,023$3,356,109$6,806,223
52$8,627,145$4,234,775$3,387,704$7,321,665
53$9,423,733$4,358,898$3,417,811$7,885,334
54$10,298,946$4,486,476$3,446,300$8,502,059
55$11,260,722$4,617,597$3,473,035$9,177,157
56$12,317,804$4,752,348$3,497,870$9,916,486
57$13,479,826$4,890,819$3,520,654$10,726,501
58$14,757,401$5,033,101$3,541,229$11,614,315
59$16,162,221$5,179,289$3,559,426$12,587,764
60$17,707,169$5,329,476$3,575,068$13,655,481
61$19,406,439$5,483,758$3,587,971$14,826,979
62$21,275,668$5,642,235$3,597,941$16,112,743
63$23,332,087$5,805,005$3,604,772$17,524,321
64$25,594,678$5,972,168$3,608,250$19,074,443
65$28,084,360$6,143,829$3,608,151$20,777,132
66$30,824,178$6,320,090$3,604,238$22,647,842
67$33,839,527$6,501,057$3,596,262$24,703,603
68$37,158,386$6,686,837$3,583,965$26,963,181
69$40,811,588$6,877,538$3,567,074$29,447,253
70$44,833,101$7,073,269$3,545,303$32,178,607
71$49,260,360$7,274,141$3,518,352$35,182,352
72$54,134,608$7,480,266$3,485,909$38,486,161
73$59,501,295$7,691,756$3,447,644$42,120,524
74$65,410,500$7,908,725$3,403,213$46,119,044
75$71,917,407$8,131,288$3,352,256$50,518,751
76$79,082,821$8,359,560$3,294,395$55,360,449
77$86,973,748$8,593,657$3,229,237$60,689,107
78$95,664,020$8,833,697$3,156,366$66,554,279
79$105,234,997$9,079,795$3,075,351$73,010,572
80$115,776,331$9,332,069$2,985,740$80,118,165
81$127,386,813$9,590,637$2,887,058$87,943,376
82$140,175,305$9,855,615$2,778,812$96,559,287
83$154,261,767$10,127,121$2,660,483$106,046,432
84$169,778,388$10,405,271$2,531,530$116,493,565
85$186,870,836$10,690,181$2,391,388$127,998,491
86$205,699,626$10,981,965$2,239,465$140,668,992
87$226,441,645$11,280,738$2,075,144$154,623,846
88$249,291,810$11,586,612$1,897,779$169,993,948
89$274,464,915$11,899,696$1,706,695$186,923,544
90$302,197,655$12,220,100$1,501,188$205,571,597
91$332,750,860$12,547,929$1,280,522$226,113,285
92$366,411,957$12,883,287$1,043,928$248,741,658
93$403,497,682$13,226,273$790,605$273,669,459
94$444,357,069$13,576,984$519,714$301,131,134
95$489,374,747$13,935,513$230,381$331,385,046
96$538,974,565$14,301,947$0$364,715,912
97$593,623,598$14,676,370$0$401,456,737
98$653,836,552$15,058,859$0$441,995,641
99$720,180,622$15,449,485$0$486,657,319
100$793,280,849$15,848,313$0$535,861,943