Can I retire at age 40 with 2,870,000?

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 $2,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$237,002$234,891$232,831$230,821$228,858$226,656
2 years$117,328$115,143$113,025$110,972$108,980$106,762
3 years$77,441$75,247$73,135$71,101$69,141$66,976
4 years$57,502$55,314$53,223$51,224$49,312$47,216
5 years$45,542$43,367$41,303$39,345$37,486$35,466
6 years$37,571$35,413$33,379$31,464$29,662$27,719
7 years$31,880$29,739$27,738$25,869$24,123$22,259
8 years$27,613$25,492$23,524$21,701$20,012$18,227
9 years$24,296$22,196$20,261$18,484$16,853$15,146
10 years$21,645$19,564$17,664$15,933$14,360$12,730
11 years$19,476$17,417$15,551$13,867$12,350$10,796
12 years$17,671$15,632$13,802$12,163$10,702$9,222
13 years$16,144$14,127$12,331$10,738$9,332$7,925
14 years$14,837$12,841$11,079$9,532$8,181$6,844
15 years$13,705$11,731$10,003$8,501$7,203$5,935
16 years$12,715$10,763$9,069$7,612$6,366$5,164
17 years$11,843$9,912$8,253$6,839$5,645$4,507
18 years$11,068$9,159$7,534$6,163$5,019$3,944
19 years$10,376$8,489$6,897$5,569$4,473$3,458
20 years$9,754$7,888$6,329$5,044$3,996$3,038
21 years$9,192$7,347$5,822$4,578$3,576$2,673
22 years$8,682$6,859$5,366$4,162$3,205$2,356
23 years$8,216$6,415$4,954$3,791$2,877$2,079
24 years$7,791$6,010$4,582$3,457$2,586$1,836
25 years$7,399$5,640$4,244$3,157$2,327$1,623
26 years$7,039$5,301$3,936$2,887$2,096$1,436
27 years$6,706$4,989$3,655$2,642$1,890$1,272
28 years$6,397$4,701$3,398$2,421$1,705$1,127
29 years$6,110$4,435$3,162$2,220$1,540$999
30 years$5,842$4,188$2,945$2,038$1,391$886
31 years$5,592$3,959$2,746$1,871$1,258$786
32 years$5,359$3,746$2,562$1,720$1,138$698
33 years$5,140$3,548$2,392$1,581$1,030$620
34 years$4,934$3,362$2,235$1,455$932$551
35 years$4,741$3,189$2,089$1,340$844$489
36 years$4,558$3,027$1,955$1,234$765$435
37 years$4,386$2,875$1,829$1,137$693$387
38 years$4,224$2,732$1,713$1,048$629$344
39 years$4,070$2,598$1,605$966$570$306
40 years$3,924$2,472$1,504$891$517$272
41 years$3,785$2,353$1,411$822$469$242
42 years$3,654$2,241$1,323$759$426$215
43 years$3,529$2,135$1,242$700$386$191
44 years$3,410$2,035$1,166$647$351$170
45 years$3,297$1,941$1,094$597$318$152
46 years$3,188$1,851$1,028$552$289$135
47 years$3,085$1,767$966$510$262$120
48 years$2,987$1,687$907$471$238$107
49 years$2,892$1,611$853$435$216$95
50 years$2,802$1,539$802$402$197$85

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,870,000, adding $5,513 every year, while hoping to spend $29,846 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: 52/37/11 Blend
39$2,870,000$2,870,000$2,870,000$2,870,000
40$3,168,427$3,016,317$2,971,832$3,323,785
41$3,459,850$3,132,360$3,039,632$3,546,333
42$3,779,999$3,253,090$3,108,704$3,784,577
43$4,131,771$3,378,703$3,179,057$4,042,986
44$4,518,359$3,509,407$3,250,703$4,323,472
45$4,943,281$3,645,418$3,323,651$4,628,134
46$5,410,413$3,786,961$3,397,911$4,959,284
47$5,924,025$3,934,271$3,473,490$5,319,459
48$6,488,820$4,087,595$3,550,397$5,711,452
49$7,109,981$4,247,188$3,628,636$6,138,332
50$7,793,218$4,413,320$3,708,215$6,603,478
51$8,544,823$4,586,270$3,789,138$7,110,604
52$9,371,729$4,766,330$3,871,407$7,663,795
53$10,281,571$4,953,806$3,955,025$8,267,548
54$11,282,766$5,149,018$4,039,993$8,926,808
55$12,384,586$5,352,297$4,126,310$9,647,019
56$13,597,247$5,563,993$4,213,975$10,434,170
57$14,932,007$5,784,469$4,302,984$11,294,852
58$16,401,269$6,014,106$4,393,332$12,236,321
59$18,018,701$6,253,300$4,485,011$13,266,563
60$19,799,363$6,502,466$4,578,014$14,394,366
61$21,759,850$6,762,039$4,672,329$15,629,408
62$23,918,446$7,032,470$4,767,943$16,982,342
63$26,295,300$7,314,234$4,864,842$18,464,895
64$28,912,615$7,607,825$4,963,008$20,089,980
65$31,794,854$7,913,761$5,062,421$21,871,816
66$34,968,975$8,232,582$5,163,059$23,826,058
67$38,464,686$8,564,853$5,264,896$25,969,944
68$42,314,718$8,911,165$5,367,904$28,322,458
69$46,555,142$9,272,135$5,472,052$30,904,507
70$51,225,706$9,648,409$5,577,305$33,739,115
71$56,370,208$10,040,661$5,683,625$36,851,636
72$62,036,914$10,449,598$5,790,971$40,269,999
73$68,279,007$10,875,956$5,899,296$44,024,961
74$75,155,094$11,320,507$6,008,551$48,150,401
75$82,729,759$11,784,057$6,118,683$52,683,633
76$91,074,169$12,267,450$6,229,633$57,665,761
77$100,266,746$12,771,567$6,341,338$63,142,060
78$110,393,912$13,297,331$6,453,730$69,162,401
79$121,550,896$13,845,706$6,566,736$75,781,723
80$133,842,643$14,417,701$6,680,277$83,060,545
81$147,384,795$15,014,370$6,794,268$91,065,536
82$162,304,787$15,636,818$6,908,620$99,870,138
83$178,743,051$16,286,198$7,023,234$109,555,261
84$196,854,338$16,963,718$7,138,009$120,210,043
85$216,809,181$17,670,640$7,252,832$131,932,681
86$238,795,502$18,408,286$7,367,586$144,831,364
87$263,020,389$19,178,038$7,482,146$159,025,283
88$289,712,049$19,981,342$7,596,378$174,645,757
89$319,121,960$20,819,710$7,710,140$191,837,463
90$351,527,250$21,694,726$7,823,279$210,759,804
91$387,233,308$22,608,045$7,935,637$231,588,406
92$426,576,667$23,561,401$8,047,042$254,516,768
93$469,928,183$24,556,606$8,157,315$279,758,091
94$517,696,537$25,595,559$8,266,264$307,547,278
95$570,332,086$26,680,243$8,373,686$338,143,152
96$628,331,122$27,812,739$8,479,368$371,830,889
97$692,240,553$28,995,219$8,583,083$408,924,708
98$762,663,064$30,229,960$8,684,591$449,770,829
99$840,262,812$31,519,343$8,783,640$494,750,736
100$925,771,690$32,865,862$8,879,963$544,284,771