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

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 $2,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$239,479$237,346$235,265$233,234$231,250$222,250
2 years$118,554$116,346$114,206$112,132$110,119$101,161
3 years$78,251$76,033$73,899$71,844$69,864$61,229
4 years$58,103$55,893$53,780$51,759$49,828$41,582
5 years$46,018$43,821$41,735$39,756$37,878$30,043
6 years$37,964$35,783$33,728$31,793$29,972$22,552
7 years$32,213$30,050$28,028$26,139$24,375$17,368
8 years$27,902$25,759$23,770$21,927$20,221$13,620
9 years$24,550$22,428$20,473$18,677$17,029$10,824
10 years$21,871$19,769$17,849$16,100$14,510$8,689
11 years$19,680$17,599$15,714$14,012$12,479$7,030
12 years$17,855$15,796$13,946$12,290$10,814$5,722
13 years$16,313$14,275$12,460$10,850$9,430$4,679
14 years$14,992$12,975$11,195$9,632$8,266$3,842
15 years$13,848$11,853$10,108$8,590$7,278$3,164
16 years$12,848$10,875$9,164$7,691$6,433$2,612
17 years$11,967$10,016$8,339$6,911$5,704$2,161
18 years$11,184$9,255$7,612$6,228$5,071$1,791
19 years$10,485$8,577$6,969$5,627$4,520$1,486
20 years$9,856$7,970$6,396$5,097$4,038$1,235
21 years$9,288$7,424$5,883$4,626$3,613$1,027
22 years$8,772$6,930$5,422$4,206$3,239$854
23 years$8,302$6,482$5,006$3,830$2,907$711
24 years$7,872$6,073$4,630$3,493$2,613$593
25 years$7,477$5,699$4,288$3,190$2,351$494
26 years$7,112$5,356$3,977$2,917$2,118$412
27 years$6,776$5,041$3,693$2,670$1,910$344
28 years$6,463$4,750$3,433$2,446$1,723$287
29 years$6,173$4,481$3,195$2,243$1,556$239
30 years$5,903$4,232$2,976$2,059$1,406$200
31 years$5,651$4,001$2,774$1,891$1,271$167
32 years$5,415$3,785$2,588$1,738$1,150$139
33 years$5,193$3,585$2,417$1,598$1,040$116
34 years$4,986$3,398$2,258$1,470$942$97
35 years$4,790$3,223$2,111$1,354$853$81
36 years$4,606$3,059$1,975$1,247$773$68
37 years$4,432$2,905$1,849$1,149$701$57
38 years$4,268$2,761$1,731$1,059$635$47
39 years$4,112$2,625$1,622$976$576$39
40 years$3,965$2,498$1,520$900$522$33
41 years$3,825$2,378$1,425$831$474$28
42 years$3,692$2,264$1,337$767$430$23
43 years$3,566$2,157$1,255$708$390$19
44 years$3,446$2,056$1,178$653$354$16
45 years$3,331$1,961$1,106$603$322$13
46 years$3,222$1,871$1,039$557$292$11
47 years$3,118$1,785$976$515$265$9
48 years$3,018$1,704$917$476$241$8
49 years$2,923$1,628$862$440$219$7
50 years$2,831$1,555$810$406$199$5

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 $2,440 every year, while hoping to spend $29,871 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: 56/25/19 Blend
39$2,900,000$2,900,000$2,900,000$2,900,000
40$3,198,317$3,044,617$2,999,667$3,361,035
41$3,492,763$3,162,021$3,068,373$3,589,622
42$3,816,241$3,284,176$3,138,380$3,835,105
43$4,171,681$3,411,284$3,209,699$4,101,871
44$4,562,311$3,543,556$3,282,343$4,391,970
45$4,991,686$3,681,209$3,356,321$4,707,656
46$5,463,725$3,824,475$3,431,644$5,051,408
47$5,982,742$3,973,591$3,508,321$5,425,955
48$6,553,493$4,128,809$3,586,361$5,834,298
49$7,181,216$4,290,388$3,665,772$6,279,741
50$7,871,685$4,458,601$3,746,560$6,765,917
51$8,631,257$4,633,733$3,828,730$7,296,829
52$9,466,941$4,816,082$3,912,288$7,876,878
53$10,386,457$5,005,957$3,997,237$8,510,912
54$11,398,310$5,203,684$4,083,580$9,204,266
55$12,511,875$5,409,601$4,171,316$9,962,812
56$13,737,477$5,624,063$4,260,446$10,793,018
57$15,086,496$5,847,439$4,350,968$11,702,001
58$16,571,472$6,080,116$4,442,878$12,697,601
59$18,206,218$6,322,498$4,536,171$13,788,448
60$20,005,959$6,575,007$4,630,840$14,984,047
61$21,987,469$6,838,085$4,726,875$16,294,863
62$24,169,231$7,112,191$4,824,265$17,732,422
63$26,571,613$7,397,809$4,922,998$19,309,416
64$29,217,057$7,695,441$5,023,058$21,039,824
65$32,130,293$8,005,614$5,124,427$22,939,044
66$35,338,572$8,328,878$5,227,084$25,024,031
67$38,871,921$8,665,808$5,331,007$27,313,462
68$42,763,430$9,017,005$5,436,168$29,827,911
69$47,049,559$9,383,098$5,542,540$32,590,038
70$51,770,488$9,764,744$5,650,089$35,624,804
71$56,970,491$10,162,629$5,758,779$38,959,705
72$62,698,356$10,577,473$5,868,573$42,625,029
73$69,007,844$11,010,025$5,979,426$46,654,143
74$75,958,199$11,461,071$6,091,292$51,083,805
75$83,614,704$11,931,433$6,204,119$55,954,506
76$92,049,299$12,421,968$6,317,853$61,310,857
77$101,341,259$12,933,576$6,432,432$67,202,004
78$111,577,941$13,467,194$6,547,792$73,682,091
79$122,855,610$14,023,806$6,663,862$80,810,768
80$135,280,348$14,604,438$6,780,567$88,653,757
81$148,969,054$15,210,166$6,897,826$97,283,463
82$164,050,546$15,842,113$7,015,552$106,779,661
83$180,666,780$16,501,454$7,133,651$117,230,244
84$198,974,186$17,189,421$7,252,024$128,732,053
85$219,145,149$17,907,298$7,370,562$141,391,786
86$241,369,632$18,656,433$7,489,154$155,327,003
87$265,856,969$19,438,233$7,607,675$170,667,235
88$292,837,846$20,254,172$7,725,998$187,555,204
89$322,566,471$21,105,792$7,843,984$206,148,164
90$355,322,979$21,994,704$7,961,486$226,619,387
91$391,416,075$22,922,597$8,078,348$249,159,793
92$431,185,947$23,891,236$8,194,404$273,979,749
93$475,007,477$24,902,470$8,309,480$301,311,053
94$523,293,781$25,958,232$8,423,389$331,409,119
95$576,500,107$27,060,546$8,535,933$364,555,380
96$635,128,135$28,211,530$8,646,904$401,059,950
97$699,730,710$29,413,400$8,756,080$441,264,537
98$770,917,062$30,668,476$8,863,228$485,545,673
99$849,358,557$31,979,186$8,968,101$534,318,260
100$935,795,035$33,348,071$9,070,438$588,039,483