Can I retire at age 40 with 2,880,000?

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 $2,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$237,828$235,709$233,642$231,625$229,655$227,257
2 years$117,736$115,544$113,419$111,358$109,360$106,944
3 years$77,711$75,509$73,389$71,348$69,382$67,025
4 years$57,703$55,507$53,409$51,402$49,484$47,203
5 years$45,701$43,518$41,447$39,482$37,617$35,419
6 years$37,702$35,536$33,496$31,574$29,765$27,653
7 years$31,991$29,843$27,835$25,959$24,207$22,181
8 years$27,709$25,581$23,606$21,776$20,082$18,142
9 years$24,381$22,273$20,332$18,548$16,912$15,058
10 years$21,720$19,632$17,726$15,989$14,410$12,640
11 years$19,544$17,478$15,606$13,915$12,393$10,707
12 years$17,732$15,687$13,850$12,205$10,739$9,134
13 years$16,200$14,176$12,374$10,776$9,365$7,839
14 years$14,888$12,886$11,118$9,565$8,209$6,761
15 years$13,752$11,772$10,038$8,531$7,228$5,855
16 years$12,759$10,800$9,101$7,638$6,388$5,088
17 years$11,884$9,947$8,281$6,863$5,664$4,434
18 years$11,107$9,191$7,560$6,185$5,036$3,874
19 years$10,413$8,518$6,921$5,589$4,489$3,393
20 years$9,788$7,916$6,351$5,062$4,010$2,976
21 years$9,224$7,373$5,842$4,594$3,588$2,615
22 years$8,712$6,882$5,384$4,177$3,216$2,301
23 years$8,245$6,437$4,972$3,804$2,887$2,027
24 years$7,818$6,031$4,598$3,469$2,595$1,788
25 years$7,425$5,660$4,259$3,168$2,335$1,578
26 years$7,063$5,319$3,950$2,897$2,103$1,394
27 years$6,729$5,006$3,668$2,652$1,896$1,232
28 years$6,419$4,717$3,409$2,429$1,711$1,090
29 years$6,131$4,450$3,173$2,228$1,545$965
30 years$5,862$4,203$2,955$2,045$1,396$855
31 years$5,612$3,973$2,755$1,878$1,262$757
32 years$5,377$3,759$2,571$1,726$1,142$671
33 years$5,158$3,560$2,400$1,587$1,033$595
34 years$4,951$3,374$2,243$1,460$936$528
35 years$4,757$3,200$2,097$1,344$847$468
36 years$4,574$3,038$1,961$1,238$768$415
37 years$4,401$2,885$1,836$1,141$696$368
38 years$4,238$2,742$1,719$1,051$631$327
39 years$4,084$2,607$1,611$969$572$290
40 years$3,937$2,480$1,510$894$519$258
41 years$3,799$2,361$1,416$825$471$229
42 years$3,667$2,249$1,328$761$427$203
43 years$3,541$2,143$1,246$703$388$181
44 years$3,422$2,042$1,170$649$352$160
45 years$3,308$1,948$1,098$599$319$142
46 years$3,200$1,858$1,031$554$290$127
47 years$3,096$1,773$969$511$263$112
48 years$2,997$1,693$911$473$239$100
49 years$2,902$1,616$856$437$217$89
50 years$2,812$1,544$805$404$197$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,880,000, adding $2,393 every year, while hoping to spend $52,747 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: 47/29/24 Blend
39$2,880,000$2,880,000$2,880,000$2,880,000
40$3,176,228$3,023,588$2,978,948$3,303,627
41$3,444,081$3,115,622$3,022,621$3,485,301
42$3,737,487$3,210,397$3,065,988$3,676,980
43$4,058,997$3,307,993$3,108,985$3,883,985
44$4,411,420$3,408,490$3,151,541$4,107,779
45$4,797,850$3,511,971$3,193,583$4,349,971
46$5,221,694$3,618,521$3,235,032$4,612,332
47$5,686,706$3,728,227$3,275,804$4,896,812
48$6,197,020$3,841,180$3,315,814$5,205,559
49$6,757,190$3,957,472$3,354,967$5,540,936
50$7,372,231$4,077,195$3,393,166$5,905,545
51$8,047,669$4,200,448$3,430,307$6,302,253
52$8,789,591$4,327,330$3,466,282$6,734,215
53$9,604,702$4,457,943$3,500,976$7,204,908
54$10,500,390$4,592,390$3,534,267$7,718,158
55$11,484,793$4,730,780$3,566,028$8,278,183
56$12,566,875$4,873,222$3,596,123$8,889,625
57$13,756,515$5,019,828$3,624,412$9,557,600
58$15,064,594$5,170,714$3,650,744$10,287,743
59$16,503,102$5,325,999$3,674,964$11,086,261
60$18,085,248$5,485,803$3,696,905$11,959,991
61$19,825,587$5,650,250$3,716,395$12,916,466
62$21,740,153$5,819,468$3,733,250$13,963,986
63$23,846,613$5,993,588$3,747,279$15,111,693
64$26,164,436$6,172,741$3,758,280$16,369,660
65$28,715,068$6,357,065$3,766,042$17,748,986
66$31,522,143$6,546,700$3,770,343$19,261,900
67$34,611,701$6,741,788$3,770,949$20,921,873
68$38,012,435$6,942,475$3,767,616$22,743,751
69$41,755,959$7,148,912$3,760,087$24,743,892
70$45,877,110$7,361,252$3,748,093$26,940,317
71$50,414,273$7,579,651$3,731,352$29,352,887
72$55,409,743$7,804,268$3,709,567$32,003,483
73$60,910,128$8,035,269$3,682,428$34,916,218
74$66,966,783$8,272,818$3,649,611$38,117,661
75$73,636,296$8,517,088$3,610,775$41,637,091
76$80,981,026$8,768,253$3,565,563$45,506,769
77$89,069,684$9,026,491$3,513,603$49,762,246
78$97,977,985$9,291,982$3,454,502$54,442,696
79$107,789,364$9,564,914$3,387,852$59,591,289
80$118,595,758$9,845,474$3,313,225$65,255,595
81$130,498,479$10,133,856$3,230,171$71,488,034
82$143,609,165$10,430,256$3,138,223$78,346,373
83$158,050,836$10,734,874$3,036,890$85,894,268
84$173,959,054$11,047,916$2,925,658$94,201,868
85$191,483,202$11,369,588$2,803,992$103,346,473
86$210,787,893$11,700,102$2,671,330$113,413,271
87$232,054,524$12,039,673$2,527,086$124,496,134
88$255,482,990$12,388,521$2,370,647$136,698,510
89$281,293,564$12,746,868$2,201,373$150,134,398
90$309,728,983$13,114,941$2,018,595$164,929,423
91$341,056,735$13,492,968$1,821,613$181,222,026
92$375,571,582$13,881,183$1,609,697$199,164,767
93$413,598,346$14,279,824$1,382,085$218,925,766
94$455,494,971$14,689,129$1,137,978$240,690,293
95$501,655,904$15,109,343$876,547$264,662,516
96$552,515,817$15,540,711$596,922$291,067,430
97$608,553,707$15,983,483$298,196$320,152,978
98$670,297,422$16,437,911$0$352,192,396
99$738,328,641$16,904,250$0$387,492,066
100$813,288,361$17,382,757$0$426,460,370