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

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 $2,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$237,828$235,709$233,642$231,625$229,655$224,560
2 years$117,736$115,544$113,419$111,358$109,360$104,252
3 years$77,711$75,509$73,389$71,348$69,382$64,423
4 years$57,703$55,507$53,409$51,402$49,484$44,711
5 years$45,701$43,518$41,447$39,482$37,617$33,043
6 years$37,702$35,536$33,496$31,574$29,765$25,395
7 years$31,991$29,843$27,835$25,959$24,207$20,042
8 years$27,709$25,581$23,606$21,776$20,082$16,121
9 years$24,381$22,273$20,332$18,548$16,912$13,151
10 years$21,720$19,632$17,726$15,989$14,410$10,846
11 years$19,544$17,478$15,606$13,915$12,393$9,021
12 years$17,732$15,687$13,850$12,205$10,739$7,554
13 years$16,200$14,176$12,374$10,776$9,365$6,361
14 years$14,888$12,886$11,118$9,565$8,209$5,380
15 years$13,752$11,772$10,038$8,531$7,228$4,567
16 years$12,759$10,800$9,101$7,638$6,388$3,889
17 years$11,884$9,947$8,281$6,863$5,664$3,320
18 years$11,107$9,191$7,560$6,185$5,036$2,841
19 years$10,413$8,518$6,921$5,589$4,489$2,435
20 years$9,788$7,916$6,351$5,062$4,010$2,090
21 years$9,224$7,373$5,842$4,594$3,588$1,797
22 years$8,712$6,882$5,384$4,177$3,216$1,546
23 years$8,245$6,437$4,972$3,804$2,887$1,332
24 years$7,818$6,031$4,598$3,469$2,595$1,148
25 years$7,425$5,660$4,259$3,168$2,335$991
26 years$7,063$5,319$3,950$2,897$2,103$855
27 years$6,729$5,006$3,668$2,652$1,896$739
28 years$6,419$4,717$3,409$2,429$1,711$638
29 years$6,131$4,450$3,173$2,228$1,545$552
30 years$5,862$4,203$2,955$2,045$1,396$477
31 years$5,612$3,973$2,755$1,878$1,262$413
32 years$5,377$3,759$2,571$1,726$1,142$357
33 years$5,158$3,560$2,400$1,587$1,033$309
34 years$4,951$3,374$2,243$1,460$936$267
35 years$4,757$3,200$2,097$1,344$847$231
36 years$4,574$3,038$1,961$1,238$768$200
37 years$4,401$2,885$1,836$1,141$696$174
38 years$4,238$2,742$1,719$1,051$631$150
39 years$4,084$2,607$1,611$969$572$130
40 years$3,937$2,480$1,510$894$519$113
41 years$3,799$2,361$1,416$825$471$98
42 years$3,667$2,249$1,328$761$427$85
43 years$3,541$2,143$1,246$703$388$73
44 years$3,422$2,042$1,170$649$352$63
45 years$3,308$1,948$1,098$599$319$55
46 years$3,200$1,858$1,031$554$290$48
47 years$3,096$1,773$969$511$263$41
48 years$2,997$1,693$911$473$239$36
49 years$2,902$1,616$856$437$217$31
50 years$2,812$1,544$805$404$197$27

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 $3,272 every year, while hoping to spend $25,526 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: 76/15/9 Blend
39$2,880,000$2,880,000$2,880,000$2,880,000
40$3,177,135$3,024,495$2,979,855$3,413,693
41$3,474,043$3,145,536$3,052,521$3,690,848
42$3,800,381$3,271,652$3,126,765$3,990,988
43$4,159,122$3,403,066$3,202,614$4,319,251
44$4,553,545$3,540,008$3,280,094$4,678,423
45$4,987,260$3,682,722$3,359,231$5,071,567
46$5,464,245$3,831,460$3,440,050$5,502,058
47$5,988,884$3,986,487$3,522,577$5,973,611
48$6,566,005$4,148,080$3,606,839$6,490,317
49$7,200,930$4,316,529$3,692,860$7,056,679
50$7,899,521$4,492,135$3,780,667$7,677,658
51$8,668,237$4,675,214$3,870,284$8,358,716
52$9,514,195$4,866,098$3,961,737$9,105,868
53$10,445,238$5,065,132$4,055,050$9,925,738
54$11,470,006$5,272,677$4,150,248$10,825,623
55$12,598,020$5,489,111$4,247,355$11,813,558
56$13,839,771$5,714,830$4,346,394$12,898,394
57$15,206,818$5,950,247$4,447,388$14,089,880
58$16,711,899$6,195,794$4,550,361$15,398,753
59$18,369,048$6,451,924$4,655,333$16,836,842
60$20,193,731$6,719,109$4,762,328$18,417,176
61$22,202,990$6,997,844$4,871,364$20,154,107
62$24,415,603$7,288,645$4,982,462$22,063,446
63$26,852,261$7,592,056$5,095,641$24,162,609
64$29,535,765$7,908,640$5,210,919$26,470,784
65$32,491,242$8,238,992$5,328,313$29,009,108
66$35,746,375$8,583,729$5,447,839$31,800,868
67$39,331,675$8,943,502$5,569,511$34,871,719
68$43,280,759$9,318,987$5,693,343$38,249,925
69$47,630,674$9,710,894$5,819,347$41,966,626
70$52,422,241$10,119,966$5,947,533$46,056,129
71$57,700,444$10,546,979$6,077,910$50,556,232
72$63,514,855$10,992,747$6,210,486$55,508,581
73$69,920,099$11,458,120$6,345,266$60,959,061
74$76,976,369$11,943,988$6,482,252$66,958,224
75$84,749,998$12,451,283$6,621,447$73,561,773
76$93,314,081$12,980,979$6,762,849$80,831,080
77$102,749,168$13,534,098$6,906,455$88,833,768
78$113,144,021$14,111,706$7,052,259$97,644,343
79$124,596,454$14,714,922$7,200,252$107,344,903
80$137,214,254$15,344,915$7,350,423$118,025,905
81$151,116,203$16,002,911$7,502,757$129,787,022
82$166,433,192$16,690,190$7,657,235$142,738,079
83$183,309,463$17,408,095$7,813,838$157,000,090
84$201,903,966$18,158,030$7,972,540$172,706,399
85$222,391,862$18,941,465$8,133,312$190,003,935
86$244,966,175$19,759,939$8,296,121$209,054,598
87$269,839,614$20,615,065$8,460,929$230,036,788
88$297,246,580$21,508,529$8,627,696$253,147,082
89$327,445,382$22,442,097$8,796,374$278,602,092
90$360,720,670$23,417,620$8,966,912$306,640,506
91$397,386,128$24,437,032$9,139,253$337,525,338
92$437,787,428$25,502,362$9,313,333$371,546,411
93$482,305,500$26,615,733$9,489,085$409,023,089
94$531,360,125$27,779,367$9,666,432$450,307,289
95$585,413,893$28,995,592$9,845,294$495,786,800
96$644,976,580$30,266,845$10,025,581$545,888,944
97$710,609,951$31,595,680$10,207,198$601,084,604
98$782,933,067$32,984,770$10,390,040$661,892,668
99$862,628,129$34,436,913$10,573,995$728,884,922
100$950,446,918$35,955,041$10,758,944$802,691,449