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

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 $2,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$234,525$232,436$230,397$228,408$226,466$219,041
2 years$116,101$113,939$111,843$109,812$107,841$100,431
3 years$76,632$74,460$72,370$70,357$68,419$61,257
4 years$56,901$54,736$52,667$50,689$48,797$41,938
5 years$45,066$42,914$40,872$38,934$37,094$30,557
6 years$37,178$35,042$33,030$31,136$29,352$23,140
7 years$31,546$29,429$27,448$25,598$23,871$17,985
8 years$27,324$25,226$23,278$21,474$19,803$14,239
9 years$24,042$21,964$20,050$18,291$16,677$11,427
10 years$21,418$19,360$17,480$15,767$14,210$9,267
11 years$19,273$17,235$15,389$13,722$12,221$7,575
12 years$17,486$15,469$13,657$12,036$10,590$6,232
13 years$15,975$13,980$12,202$10,626$9,235$5,153
14 years$14,682$12,707$10,963$9,433$8,095$4,278
15 years$13,561$11,608$9,899$8,412$7,128$3,563
16 years$12,582$10,650$8,974$7,532$6,300$2,976
17 years$11,719$9,808$8,166$6,768$5,586$2,491
18 years$10,953$9,063$7,455$6,099$4,966$2,089
19 years$10,268$8,400$6,825$5,511$4,427$1,755
20 years$9,652$7,806$6,263$4,991$3,954$1,476
21 years$9,096$7,271$5,761$4,530$3,538$1,243
22 years$8,591$6,787$5,310$4,119$3,172$1,047
23 years$8,131$6,348$4,903$3,751$2,847$883
24 years$7,709$5,947$4,534$3,421$2,559$745
25 years$7,322$5,581$4,199$3,124$2,303$629
26 years$6,965$5,245$3,895$2,857$2,074$531
27 years$6,635$4,937$3,617$2,615$1,870$449
28 years$6,330$4,652$3,362$2,396$1,687$380
29 years$6,046$4,388$3,129$2,197$1,524$321
30 years$5,781$4,144$2,914$2,016$1,377$271
31 years$5,534$3,918$2,717$1,852$1,245$230
32 years$5,303$3,707$2,535$1,702$1,126$194
33 years$5,086$3,511$2,367$1,565$1,019$164
34 years$4,882$3,327$2,211$1,440$923$139
35 years$4,691$3,156$2,068$1,326$836$118
36 years$4,511$2,995$1,934$1,221$757$100
37 years$4,340$2,845$1,810$1,125$686$84
38 years$4,179$2,704$1,695$1,037$622$71
39 years$4,027$2,571$1,588$956$564$60
40 years$3,883$2,446$1,489$882$512$51
41 years$3,746$2,328$1,396$813$464$43
42 years$3,616$2,217$1,309$751$421$37
43 years$3,492$2,113$1,229$693$382$31
44 years$3,374$2,014$1,153$640$347$26
45 years$3,262$1,920$1,083$591$315$22
46 years$3,155$1,832$1,017$546$286$19
47 years$3,053$1,748$956$504$260$16
48 years$2,955$1,669$898$466$236$14
49 years$2,862$1,594$844$431$214$11
50 years$2,773$1,522$794$398$195$10

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 $2,616 every year, while hoping to spend $25,539 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: 50/29/21 Blend
39$2,840,000$2,840,000$2,840,000$2,840,000
40$3,132,378$2,981,858$2,937,838$3,270,470
41$3,424,708$3,100,796$3,009,083$3,485,347
42$3,745,999$3,224,706$3,081,858$3,715,929
43$4,099,178$3,353,804$3,156,188$3,966,000
44$4,487,472$3,488,318$3,232,097$4,237,411
45$4,914,431$3,628,483$3,309,610$4,532,196
46$5,383,972$3,774,547$3,388,751$4,852,594
47$5,900,406$3,926,769$3,469,543$5,201,063
48$6,468,486$4,085,419$3,552,011$5,580,311
49$7,093,446$4,250,779$3,636,178$5,993,312
50$7,781,055$4,423,145$3,722,067$6,443,340
51$8,537,669$4,602,825$3,809,702$6,933,997
52$9,370,290$4,790,142$3,899,106$7,469,243
53$10,286,634$4,985,434$3,990,301$8,053,438
54$11,295,204$5,189,054$4,083,309$8,691,378
55$12,405,367$5,401,369$4,178,152$9,388,343
56$13,627,445$5,622,767$4,274,851$10,150,142
57$14,972,811$5,853,650$4,373,426$10,983,169
58$16,454,000$6,094,441$4,473,897$11,894,462
59$18,084,819$6,345,580$4,576,285$12,891,769
60$19,880,487$6,607,529$4,680,606$13,983,619
61$21,857,769$6,880,770$4,786,879$15,179,400
62$24,035,142$7,165,809$4,895,120$16,489,452
63$26,432,966$7,463,173$5,005,346$17,925,155
64$29,073,674$7,773,414$5,117,571$19,499,043
65$31,981,988$8,097,110$5,231,808$21,224,915
66$35,185,148$8,434,866$5,348,071$23,117,968
67$38,713,172$8,787,313$5,466,370$25,194,936
68$42,599,137$9,155,112$5,586,715$27,474,249
69$46,879,492$9,538,957$5,709,113$29,976,202
70$51,594,405$9,939,570$5,833,573$32,723,149
71$56,788,134$10,357,709$5,960,097$35,739,708
72$62,509,453$10,794,166$6,088,690$39,052,995
73$68,812,108$11,249,771$6,219,352$42,692,878
74$75,755,325$11,725,392$6,352,082$46,692,253
75$83,404,368$12,221,935$6,486,877$51,087,356
76$91,831,156$12,740,353$6,623,730$55,918,104
77$101,114,942$13,281,639$6,762,633$61,228,464
78$111,343,060$13,846,833$6,903,575$67,066,873
79$122,611,750$14,437,025$7,046,543$73,486,687
80$135,027,064$15,053,355$7,191,518$80,546,685
81$148,705,872$15,697,016$7,338,480$88,311,619
82$163,776,958$16,369,258$7,487,407$96,852,826
83$180,382,242$17,071,386$7,638,269$106,248,895
84$198,678,117$17,804,769$7,791,037$116,586,408
85$218,836,922$18,570,840$7,945,674$127,960,753
86$241,048,575$19,371,099$8,102,141$140,477,021
87$265,522,361$20,207,114$8,260,394$154,250,997
88$292,488,908$21,080,528$8,420,384$169,410,247
89$322,202,366$21,993,063$8,582,056$186,095,319
90$354,942,803$22,946,520$8,745,351$204,461,066
91$391,018,853$23,942,783$8,910,204$224,678,104
92$430,770,624$24,983,828$9,076,544$246,934,419
93$474,572,913$26,071,721$9,244,293$271,437,137
94$522,838,742$27,208,626$9,413,369$298,414,472
95$576,023,256$28,396,811$9,583,679$328,117,880
96$634,628,021$29,638,649$9,755,126$360,824,425
97$699,205,761$30,936,624$9,927,603$396,839,391
98$770,365,568$32,293,338$10,100,998$436,499,154
99$848,778,662$33,711,517$10,275,187$480,174,361
100$935,184,719$35,194,015$10,450,040$528,273,412