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%19.5%
1 years$234,525$232,436$230,397$228,408$226,466$217,824
2 years$116,101$113,939$111,843$109,812$107,841$99,237
3 years$76,632$74,460$72,370$70,357$68,419$60,122
4 years$56,901$54,736$52,667$50,689$48,797$40,871
5 years$45,066$42,914$40,872$38,934$37,094$29,560
6 years$37,178$35,042$33,030$31,136$29,352$22,214
7 years$31,546$29,429$27,448$25,598$23,871$17,128
8 years$27,324$25,226$23,278$21,474$19,803$13,448
9 years$24,042$21,964$20,050$18,291$16,677$10,701
10 years$21,418$19,360$17,480$15,767$14,210$8,601
11 years$19,273$17,235$15,389$13,722$12,221$6,967
12 years$17,486$15,469$13,657$12,036$10,590$5,678
13 years$15,975$13,980$12,202$10,626$9,235$4,650
14 years$14,682$12,707$10,963$9,433$8,095$3,823
15 years$13,561$11,608$9,899$8,412$7,128$3,153
16 years$12,582$10,650$8,974$7,532$6,300$2,607
17 years$11,719$9,808$8,166$6,768$5,586$2,160
18 years$10,953$9,063$7,455$6,099$4,966$1,793
19 years$10,268$8,400$6,825$5,511$4,427$1,490
20 years$9,652$7,806$6,263$4,991$3,954$1,240
21 years$9,096$7,271$5,761$4,530$3,538$1,032
22 years$8,591$6,787$5,310$4,119$3,172$861
23 years$8,131$6,348$4,903$3,751$2,847$718
24 years$7,709$5,947$4,534$3,421$2,559$599
25 years$7,322$5,581$4,199$3,124$2,303$500
26 years$6,965$5,245$3,895$2,857$2,074$418
27 years$6,635$4,937$3,617$2,615$1,870$349
28 years$6,330$4,652$3,362$2,396$1,687$292
29 years$6,046$4,388$3,129$2,197$1,524$244
30 years$5,781$4,144$2,914$2,016$1,377$204
31 years$5,534$3,918$2,717$1,852$1,245$170
32 years$5,303$3,707$2,535$1,702$1,126$143
33 years$5,086$3,511$2,367$1,565$1,019$119
34 years$4,882$3,327$2,211$1,440$923$100
35 years$4,691$3,156$2,068$1,326$836$83
36 years$4,511$2,995$1,934$1,221$757$70
37 years$4,340$2,845$1,810$1,125$686$58
38 years$4,179$2,704$1,695$1,037$622$49
39 years$4,027$2,571$1,588$956$564$41
40 years$3,883$2,446$1,489$882$512$34
41 years$3,746$2,328$1,396$813$464$29
42 years$3,616$2,217$1,309$751$421$24
43 years$3,492$2,113$1,229$693$382$20
44 years$3,374$2,014$1,153$640$347$17
45 years$3,262$1,920$1,083$591$315$14
46 years$3,155$1,832$1,017$546$286$12
47 years$3,053$1,748$956$504$260$10
48 years$2,955$1,669$898$466$236$8
49 years$2,862$1,594$844$431$214$7
50 years$2,773$1,522$794$398$195$6

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 $3,074 every year, while hoping to spend $40,177 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: 32/44/24 Blend
39$2,840,000$2,840,000$2,840,000$2,840,000
40$3,132,851$2,982,331$2,938,311$3,209,914
41$3,409,654$3,085,717$2,993,996$3,371,915
42$3,713,344$3,192,823$3,050,201$3,542,469
43$4,046,621$3,303,787$3,106,899$3,725,363
44$4,412,460$3,418,757$3,164,063$3,921,706
45$4,814,137$3,537,882$3,221,665$4,132,716
46$5,255,260$3,661,319$3,279,673$4,359,730
47$5,739,806$3,789,233$3,338,051$4,604,218
48$6,272,153$3,921,792$3,396,762$4,867,793
49$6,857,127$4,059,174$3,455,768$5,152,228
50$7,500,042$4,201,562$3,515,024$5,459,472
51$8,206,754$4,349,146$3,574,486$5,791,665
52$8,983,715$4,502,126$3,634,103$6,151,164
53$9,838,032$4,660,708$3,693,823$6,540,556
54$10,777,535$4,825,107$3,753,591$6,962,689
55$11,810,853$4,995,547$3,813,345$7,420,693
56$12,947,490$5,172,259$3,873,022$7,918,012
57$14,197,920$5,355,485$3,932,554$8,458,433
58$15,573,682$5,545,478$3,991,869$9,046,125
59$17,087,491$5,742,500$4,050,890$9,685,673
60$18,753,354$5,946,822$4,109,534$10,382,123
61$20,586,709$6,158,728$4,167,715$11,141,027
62$22,604,561$6,378,514$4,225,342$11,968,497
63$24,825,652$6,606,487$4,282,317$12,871,258
64$27,270,630$6,842,966$4,338,536$13,856,715
65$29,962,248$7,088,285$4,393,890$14,933,017
66$32,925,576$7,342,790$4,448,264$16,109,138
67$36,188,240$7,606,841$4,501,536$17,394,955
68$39,780,679$7,880,816$4,553,577$18,801,344
69$43,736,437$8,165,104$4,604,250$20,340,281
70$48,092,473$8,460,113$4,653,411$22,024,952
71$52,889,514$8,766,268$4,700,910$23,869,876
72$58,172,439$9,084,009$4,746,585$25,891,046
73$63,990,701$9,413,799$4,790,268$28,106,070
74$70,398,792$9,756,115$4,831,782$30,534,342
75$77,456,762$10,111,458$4,870,940$33,197,222
76$85,230,779$10,480,347$4,907,544$36,118,236
77$93,793,759$10,863,324$4,941,387$39,323,295
78$103,226,050$11,260,955$4,972,252$42,840,940
79$113,616,193$11,673,827$4,999,908$46,702,609
80$125,061,755$12,102,555$5,024,115$50,942,932
81$137,670,250$12,547,776$5,044,619$55,600,055
82$151,560,156$13,010,158$5,061,154$60,716,000
83$166,862,030$13,490,394$5,073,441$66,337,057
84$183,719,742$13,989,207$5,081,185$72,514,222
85$202,291,830$14,507,353$5,084,080$79,303,674
86$222,753,000$15,045,617$5,081,800$86,767,305
87$245,295,773$15,604,819$5,074,007$94,973,299
88$270,132,301$16,185,814$5,060,345$103,996,777
89$297,496,370$16,789,493$5,040,441$113,920,499
90$327,645,607$17,416,786$5,013,903$124,835,648
91$360,863,911$18,068,661$4,980,321$136,842,684
92$397,464,134$18,746,129$4,939,266$150,052,290
93$437,791,030$19,450,244$4,890,286$164,586,417
94$482,224,515$20,182,106$4,832,911$180,579,429
95$531,183,248$20,942,861$4,766,645$198,179,367
96$585,128,584$21,733,706$4,690,973$217,549,351
97$644,568,931$22,555,889$4,605,351$238,869,105
98$710,064,546$23,410,711$4,509,215$262,336,661
99$782,232,825$24,299,532$4,401,969$288,170,217
100$861,754,133$25,223,768$4,282,994$316,610,197