Can I retire at age 40 with 2,900,000?

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 $2,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$239,479$237,346$235,265$233,234$231,250$223,312
2 years$118,554$116,346$114,206$112,132$110,119$102,202
3 years$78,251$76,033$73,899$71,844$69,864$62,217
4 years$58,103$55,893$53,780$51,759$49,828$42,509
5 years$46,018$43,821$41,735$39,756$37,878$30,908
6 years$37,964$35,783$33,728$31,793$29,972$23,355
7 years$32,213$30,050$28,028$26,139$24,375$18,110
8 years$27,902$25,759$23,770$21,927$20,221$14,304
9 years$24,550$22,428$20,473$18,677$17,029$11,452
10 years$21,871$19,769$17,849$16,100$14,510$9,263
11 years$19,680$17,599$15,714$14,012$12,479$7,553
12 years$17,855$15,796$13,946$12,290$10,814$6,197
13 years$16,313$14,275$12,460$10,850$9,430$5,110
14 years$14,992$12,975$11,195$9,632$8,266$4,230
15 years$13,848$11,853$10,108$8,590$7,278$3,514
16 years$12,848$10,875$9,164$7,691$6,433$2,926
17 years$11,967$10,016$8,339$6,911$5,704$2,442
18 years$11,184$9,255$7,612$6,228$5,071$2,042
19 years$10,485$8,577$6,969$5,627$4,520$1,710
20 years$9,856$7,970$6,396$5,097$4,038$1,434
21 years$9,288$7,424$5,883$4,626$3,613$1,204
22 years$8,772$6,930$5,422$4,206$3,239$1,011
23 years$8,302$6,482$5,006$3,830$2,907$850
24 years$7,872$6,073$4,630$3,493$2,613$715
25 years$7,477$5,699$4,288$3,190$2,351$602
26 years$7,112$5,356$3,977$2,917$2,118$507
27 years$6,776$5,041$3,693$2,670$1,910$427
28 years$6,463$4,750$3,433$2,446$1,723$360
29 years$6,173$4,481$3,195$2,243$1,556$303
30 years$5,903$4,232$2,976$2,059$1,406$255
31 years$5,651$4,001$2,774$1,891$1,271$215
32 years$5,415$3,785$2,588$1,738$1,150$182
33 years$5,193$3,585$2,417$1,598$1,040$153
34 years$4,986$3,398$2,258$1,470$942$129
35 years$4,790$3,223$2,111$1,354$853$109
36 years$4,606$3,059$1,975$1,247$773$92
37 years$4,432$2,905$1,849$1,149$701$78
38 years$4,268$2,761$1,731$1,059$635$65
39 years$4,112$2,625$1,622$976$576$55
40 years$3,965$2,498$1,520$900$522$47
41 years$3,825$2,378$1,425$831$474$39
42 years$3,692$2,264$1,337$767$430$33
43 years$3,566$2,157$1,255$708$390$28
44 years$3,446$2,056$1,178$653$354$24
45 years$3,331$1,961$1,106$603$322$20
46 years$3,222$1,871$1,039$557$292$17
47 years$3,118$1,785$976$515$265$14
48 years$3,018$1,704$917$476$241$12
49 years$2,923$1,628$862$440$219$10
50 years$2,831$1,555$810$406$199$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,900,000, adding $6,125 every year, while hoping to spend $43,228 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: 31/42/27 Blend
39$2,900,000$2,900,000$2,900,000$2,900,000
40$3,202,118$3,048,418$3,003,468$3,274,695
41$3,482,740$3,151,796$3,058,090$3,434,553
42$3,790,536$3,258,791$3,113,093$3,602,280
43$4,128,233$3,369,534$3,168,444$3,781,972
44$4,498,834$3,484,162$3,224,108$3,974,707
45$4,905,646$3,602,817$3,280,046$4,181,665
46$5,352,312$3,725,646$3,336,218$4,404,147
47$5,842,847$3,852,801$3,392,580$4,643,576
48$6,381,671$3,984,442$3,449,086$4,901,522
49$6,973,655$4,120,734$3,505,684$5,179,707
50$7,624,165$4,261,846$3,562,321$5,480,023
51$8,339,111$4,407,958$3,618,940$5,804,554
52$9,125,006$4,559,254$3,675,480$6,155,587
53$9,989,025$4,715,925$3,731,877$6,535,642
54$10,939,071$4,878,172$3,788,061$6,947,486
55$11,983,854$5,046,200$3,843,958$7,394,165
56$13,132,968$5,220,225$3,899,492$7,879,030
57$14,396,985$5,400,470$3,954,579$8,405,769
58$15,787,552$5,587,167$4,009,132$8,978,438
59$17,317,502$5,780,558$4,063,057$9,601,502
60$19,000,975$5,980,893$4,116,257$10,279,874
61$20,853,550$6,188,433$4,168,628$11,018,962
62$22,892,394$6,403,448$4,220,059$11,824,720
63$25,136,422$6,626,220$4,270,434$12,703,701
64$27,606,473$6,857,041$4,319,630$13,663,118
65$30,325,513$7,096,216$4,367,518$14,710,917
66$33,318,846$7,344,061$4,413,960$15,855,840
67$36,614,353$7,600,904$4,458,812$17,107,520
68$40,242,756$7,867,088$4,501,921$18,476,558
69$44,237,909$8,142,967$4,543,127$19,974,633
70$48,637,115$8,428,912$4,582,261$21,614,603
71$53,481,479$8,725,306$4,619,145$23,410,630
72$58,816,294$9,032,551$4,653,591$25,378,312
73$64,691,471$9,351,061$4,685,401$27,534,828
74$71,162,007$9,681,269$4,714,369$29,899,099
75$78,288,507$10,023,626$4,740,275$32,491,965
76$86,137,750$10,378,599$4,762,890$35,336,383
77$94,783,327$10,746,677$4,781,972$38,457,640
78$104,306,327$11,128,365$4,797,270$41,883,591
79$114,796,109$11,524,192$4,808,515$45,644,921
80$126,351,141$11,934,706$4,815,429$49,775,433
81$139,079,930$12,360,479$4,817,718$54,312,365
82$153,102,045$12,802,105$4,815,074$59,296,741
83$168,549,250$13,260,204$4,807,175$64,773,756
84$185,566,739$13,735,420$4,793,681$70,793,203
85$204,314,514$14,228,423$4,774,237$77,409,936
86$224,968,892$14,739,913$4,748,471$84,684,394
87$247,724,166$15,270,616$4,715,992$92,683,163
88$272,794,444$15,821,289$4,676,391$101,479,606
89$300,415,667$16,392,722$4,629,240$111,154,554
90$330,847,834$16,985,735$4,574,089$121,797,064
91$364,377,460$17,601,183$4,510,468$133,505,262
92$401,320,278$18,239,957$4,437,885$146,387,263
93$442,024,216$18,902,985$4,355,824$160,562,192
94$486,872,688$19,591,233$4,263,747$176,161,307
95$536,288,208$20,305,709$4,161,087$193,329,233
96$590,736,377$21,047,461$4,047,256$212,225,327
97$650,730,283$21,817,582$3,921,635$233,025,180
98$716,835,340$22,617,211$3,783,577$255,922,269
99$789,674,625$23,447,535$3,632,407$281,129,787
100$869,934,763$24,309,790$3,467,419$308,882,644