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%13.5%
1 years$234,525$232,436$230,397$228,408$226,466$223,173
2 years$116,101$113,939$111,843$109,812$107,841$104,531
3 years$76,632$74,460$72,370$70,357$68,419$65,194
4 years$56,901$54,736$52,667$50,689$48,797$45,682
5 years$45,066$42,914$40,872$38,934$37,094$34,099
6 years$37,178$35,042$33,030$31,136$29,352$26,479
7 years$31,546$29,429$27,448$25,598$23,871$21,121
8 years$27,324$25,226$23,278$21,474$19,803$17,177
9 years$24,042$21,964$20,050$18,291$16,677$14,173
10 years$21,418$19,360$17,480$15,767$14,210$11,825
11 years$19,273$17,235$15,389$13,722$12,221$9,954
12 years$17,486$15,469$13,657$12,036$10,590$8,438
13 years$15,975$13,980$12,202$10,626$9,235$7,195
14 years$14,682$12,707$10,963$9,433$8,095$6,164
15 years$13,561$11,608$9,899$8,412$7,128$5,302
16 years$12,582$10,650$8,974$7,532$6,300$4,576
17 years$11,719$9,808$8,166$6,768$5,586$3,960
18 years$10,953$9,063$7,455$6,099$4,966$3,435
19 years$10,268$8,400$6,825$5,511$4,427$2,986
20 years$9,652$7,806$6,263$4,991$3,954$2,600
21 years$9,096$7,271$5,761$4,530$3,538$2,268
22 years$8,591$6,787$5,310$4,119$3,172$1,980
23 years$8,131$6,348$4,903$3,751$2,847$1,731
24 years$7,709$5,947$4,534$3,421$2,559$1,515
25 years$7,322$5,581$4,199$3,124$2,303$1,327
26 years$6,965$5,245$3,895$2,857$2,074$1,163
27 years$6,635$4,937$3,617$2,615$1,870$1,020
28 years$6,330$4,652$3,362$2,396$1,687$895
29 years$6,046$4,388$3,129$2,197$1,524$786
30 years$5,781$4,144$2,914$2,016$1,377$690
31 years$5,534$3,918$2,717$1,852$1,245$606
32 years$5,303$3,707$2,535$1,702$1,126$533
33 years$5,086$3,511$2,367$1,565$1,019$469
34 years$4,882$3,327$2,211$1,440$923$412
35 years$4,691$3,156$2,068$1,326$836$363
36 years$4,511$2,995$1,934$1,221$757$319
37 years$4,340$2,845$1,810$1,125$686$281
38 years$4,179$2,704$1,695$1,037$622$247
39 years$4,027$2,571$1,588$956$564$217
40 years$3,883$2,446$1,489$882$512$191
41 years$3,746$2,328$1,396$813$464$168
42 years$3,616$2,217$1,309$751$421$148
43 years$3,492$2,113$1,229$693$382$131
44 years$3,374$2,014$1,153$640$347$115
45 years$3,262$1,920$1,083$591$315$101
46 years$3,155$1,832$1,017$546$286$89
47 years$3,053$1,748$956$504$260$79
48 years$2,955$1,669$898$466$236$69
49 years$2,862$1,594$844$431$214$61
50 years$2,773$1,522$794$398$195$54

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 $5,021 every year, while hoping to spend $58,326 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: 82/11/7 Blend
39$2,840,000$2,840,000$2,840,000$2,840,000
40$3,134,859$2,984,339$2,940,319$3,389,391
41$3,392,556$3,068,513$2,976,761$3,640,750
42$3,674,584$3,154,857$3,012,470$3,908,326
43$3,983,362$3,243,416$3,047,358$4,200,277
44$4,321,555$3,334,233$3,081,335$4,519,010
45$4,692,099$3,427,356$3,114,304$4,867,174
46$5,098,225$3,522,828$3,146,165$5,247,690
47$5,543,493$3,620,696$3,176,811$5,663,771
48$6,031,823$3,721,004$3,206,129$6,118,957
49$6,567,535$3,823,799$3,234,000$6,617,147
50$7,155,384$3,929,126$3,260,299$7,162,636
51$7,800,609$4,037,029$3,284,895$7,760,154
52$8,508,982$4,147,554$3,307,650$8,414,911
53$9,286,859$4,260,745$3,328,417$9,132,646
54$10,141,243$4,376,646$3,347,043$9,919,683
55$11,079,849$4,495,301$3,363,368$10,782,984
56$12,111,175$4,616,752$3,377,223$11,730,224
57$13,244,583$4,741,041$3,388,428$12,769,854
58$14,490,388$4,868,210$3,396,798$13,911,186
59$15,859,954$4,998,298$3,402,136$15,164,480
60$17,365,798$5,131,344$3,404,237$16,541,038
61$19,021,715$5,267,385$3,402,885$18,053,312
62$20,842,901$5,406,458$3,397,852$19,715,024
63$22,846,098$5,548,595$3,388,901$21,541,289
64$25,049,753$5,693,830$3,375,783$23,548,763
65$27,474,192$5,842,192$3,358,236$25,755,798
66$30,141,809$5,993,708$3,335,986$28,182,613
67$33,077,278$6,148,404$3,308,746$30,851,488
68$36,307,787$6,306,302$3,276,215$33,786,971
69$39,863,291$6,467,421$3,238,078$37,016,112
70$43,776,798$6,631,776$3,194,005$40,568,715
71$48,084,677$6,799,379$3,143,650$44,477,623
72$52,827,003$6,970,238$3,086,652$48,779,024
73$58,047,934$7,144,356$3,022,631$53,512,793
74$63,796,127$7,321,733$2,951,192$58,722,871
75$70,125,194$7,502,360$2,871,920$64,457,674
76$77,094,216$7,686,227$2,784,381$70,770,557
77$84,768,289$7,873,316$2,688,121$77,720,310
78$93,219,148$8,063,602$2,582,666$85,371,717
79$102,525,835$8,257,053$2,467,520$93,796,167
80$112,775,452$8,453,630$2,342,164$103,072,326
81$124,063,978$8,653,288$2,206,056$113,286,880
82$136,497,174$8,855,969$2,058,630$124,535,353
83$150,191,585$9,061,611$1,899,292$136,923,008
84$165,275,634$9,270,137$1,727,426$150,565,844
85$181,890,838$9,481,463$1,542,384$165,591,682
86$200,193,141$9,695,492$1,343,491$182,141,382
87$220,354,386$9,912,116$1,130,043$200,370,165
88$242,563,936$10,131,213$901,303$220,449,081
89$267,030,463$10,352,648$656,502$242,566,622
90$293,983,914$10,576,271$394,838$266,930,504
91$323,677,681$10,801,916$115,473$293,769,623
92$356,390,996$11,029,401$0$323,336,220
93$392,431,563$11,258,527$0$355,921,903
94$432,138,460$11,489,072$0$391,829,433
95$475,885,346$11,720,800$0$431,387,800
96$524,083,980$11,953,448$0$474,969,058
97$577,188,112$12,186,733$0$522,983,199
98$635,697,763$12,420,347$0$575,882,029
99$700,163,948$12,653,957$0$634,163,426
100$771,193,872$12,887,202$0$698,376,046