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%12%
1 years$239,479$237,346$235,265$233,234$231,250$229,312
2 years$118,554$116,346$114,206$112,132$110,119$108,166
3 years$78,251$76,033$73,899$71,844$69,864$67,957
4 years$58,103$55,893$53,780$51,759$49,828$47,980
5 years$46,018$43,821$41,735$39,756$37,878$36,096
6 years$37,964$35,783$33,728$31,793$29,972$28,257
7 years$32,213$30,050$28,028$26,139$24,375$22,729
8 years$27,902$25,759$23,770$21,927$20,221$18,644
9 years$24,550$22,428$20,473$18,677$17,029$15,520
10 years$21,871$19,769$17,849$16,100$14,510$13,067
11 years$19,680$17,599$15,714$14,012$12,479$11,102
12 years$17,855$15,796$13,946$12,290$10,814$9,502
13 years$16,313$14,275$12,460$10,850$9,430$8,181
14 years$14,992$12,975$11,195$9,632$8,266$7,079
15 years$13,848$11,853$10,108$8,590$7,278$6,151
16 years$12,848$10,875$9,164$7,691$6,433$5,364
17 years$11,967$10,016$8,339$6,911$5,704$4,691
18 years$11,184$9,255$7,612$6,228$5,071$4,113
19 years$10,485$8,577$6,969$5,627$4,520$3,615
20 years$9,856$7,970$6,396$5,097$4,038$3,183
21 years$9,288$7,424$5,883$4,626$3,613$2,807
22 years$8,772$6,930$5,422$4,206$3,239$2,479
23 years$8,302$6,482$5,006$3,830$2,907$2,192
24 years$7,872$6,073$4,630$3,493$2,613$1,941
25 years$7,477$5,699$4,288$3,190$2,351$1,720
26 years$7,112$5,356$3,977$2,917$2,118$1,525
27 years$6,776$5,041$3,693$2,670$1,910$1,354
28 years$6,463$4,750$3,433$2,446$1,723$1,202
29 years$6,173$4,481$3,195$2,243$1,556$1,069
30 years$5,903$4,232$2,976$2,059$1,406$950
31 years$5,651$4,001$2,774$1,891$1,271$845
32 years$5,415$3,785$2,588$1,738$1,150$752
33 years$5,193$3,585$2,417$1,598$1,040$670
34 years$4,986$3,398$2,258$1,470$942$596
35 years$4,790$3,223$2,111$1,354$853$531
36 years$4,606$3,059$1,975$1,247$773$473
37 years$4,432$2,905$1,849$1,149$701$422
38 years$4,268$2,761$1,731$1,059$635$376
39 years$4,112$2,625$1,622$976$576$335
40 years$3,965$2,498$1,520$900$522$299
41 years$3,825$2,378$1,425$831$474$267
42 years$3,692$2,264$1,337$767$430$238
43 years$3,566$2,157$1,255$708$390$212
44 years$3,446$2,056$1,178$653$354$189
45 years$3,331$1,961$1,106$603$322$169
46 years$3,222$1,871$1,039$557$292$151
47 years$3,118$1,785$976$515$265$134
48 years$3,018$1,704$917$476$241$120
49 years$2,923$1,628$862$440$219$107
50 years$2,831$1,555$810$406$199$96

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 $3,895 every year, while hoping to spend $52,653 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: 65/18/17 Blend
39$2,900,000$2,900,000$2,900,000$2,900,000
40$3,199,818$3,046,118$3,001,168$3,394,163
41$3,470,177$3,139,355$3,045,684$3,618,100
42$3,766,348$3,235,396$3,089,928$3,856,297
43$4,090,908$3,334,323$3,133,833$4,115,320
44$4,446,695$3,436,220$3,177,331$4,397,205
45$4,836,836$3,541,173$3,220,350$4,704,195
46$5,264,774$3,649,271$3,262,812$5,038,760
47$5,734,301$3,760,605$3,304,636$5,403,619
48$6,249,594$3,875,269$3,345,736$5,801,766
49$6,815,254$3,993,359$3,386,019$6,236,501
50$7,436,349$4,114,973$3,425,391$6,711,455
51$8,118,464$4,240,214$3,463,748$7,230,630
52$8,867,748$4,369,185$3,500,984$7,798,431
53$9,690,976$4,501,993$3,536,986$8,419,712
54$10,595,614$4,638,749$3,571,633$9,099,821
55$11,589,884$4,779,564$3,604,799$9,844,645
56$12,682,845$4,924,556$3,636,353$10,660,674
57$13,884,477$5,073,842$3,666,154$11,555,055
58$15,205,778$5,227,544$3,694,054$12,535,661
59$16,658,862$5,385,788$3,719,899$13,611,167
60$18,257,076$5,548,702$3,743,526$14,791,130
61$20,015,127$5,716,418$3,764,763$16,086,078
62$21,949,218$5,889,070$3,783,431$17,507,613
63$24,077,201$6,066,797$3,799,339$19,068,514
64$26,418,747$6,249,742$3,812,288$20,782,864
65$28,995,530$6,438,050$3,822,070$22,666,180
66$31,831,430$6,631,870$3,828,465$24,735,555
67$34,952,759$6,831,355$3,831,242$27,009,828
68$38,388,512$7,036,663$3,830,160$29,509,753
69$42,170,634$7,247,953$3,824,965$32,258,200
70$46,334,328$7,465,392$3,815,390$35,280,368
71$50,918,380$7,689,147$3,801,156$38,604,024
72$55,965,531$7,919,391$3,781,971$42,259,764
73$61,522,876$8,156,302$3,757,528$46,281,302
74$67,642,309$8,400,061$3,727,505$50,705,789
75$74,381,014$8,650,853$3,691,566$55,574,160
76$81,802,001$8,908,869$3,649,357$60,931,525
77$89,974,703$9,174,302$3,600,509$66,827,591
78$98,975,632$9,447,351$3,544,634$73,317,132
79$108,889,096$9,728,221$3,481,329$80,460,506
80$119,807,998$10,017,118$3,410,168$88,324,227
81$131,834,713$10,314,256$3,330,708$96,981,586
82$145,082,052$10,619,853$3,242,485$106,513,350
83$159,674,325$10,934,130$3,145,012$117,008,520
84$175,748,518$11,257,314$3,037,782$128,565,173
85$193,455,583$11,589,638$2,920,263$141,291,387
86$212,961,860$11,931,339$2,791,900$155,306,259
87$234,450,653$12,282,657$2,652,112$170,741,033
88$258,123,953$12,643,841$2,500,291$187,740,336
89$284,204,349$13,015,142$2,335,804$206,463,546
90$312,937,126$13,396,817$2,157,986$227,086,291
91$344,592,579$13,789,127$1,966,145$249,802,115
92$379,468,569$14,192,341$1,759,557$274,824,297
93$417,893,327$14,606,730$1,537,467$302,387,870
94$460,228,558$15,032,571$1,299,083$332,751,836
95$506,872,851$15,470,147$1,043,583$366,201,614
96$558,265,443$15,919,745$770,104$403,051,733
97$614,890,363$16,381,658$477,747$443,648,801
98$677,281,003$16,856,182$165,575$488,374,779
99$746,025,151$17,343,621$0$537,650,585
100$821,770,539$17,844,281$0$591,970,464