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%18.4%
1 years$239,479$237,346$235,265$233,234$231,250$223,401
2 years$118,554$116,346$114,206$112,132$110,119$102,290
3 years$78,251$76,033$73,899$71,844$69,864$62,301
4 years$58,103$55,893$53,780$51,759$49,828$42,588
5 years$46,018$43,821$41,735$39,756$37,878$30,981
6 years$37,964$35,783$33,728$31,793$29,972$23,423
7 years$32,213$30,050$28,028$26,139$24,375$18,174
8 years$27,902$25,759$23,770$21,927$20,221$14,363
9 years$24,550$22,428$20,473$18,677$17,029$11,506
10 years$21,871$19,769$17,849$16,100$14,510$9,313
11 years$19,680$17,599$15,714$14,012$12,479$7,598
12 years$17,855$15,796$13,946$12,290$10,814$6,238
13 years$16,313$14,275$12,460$10,850$9,430$5,147
14 years$14,992$12,975$11,195$9,632$8,266$4,264
15 years$13,848$11,853$10,108$8,590$7,278$3,544
16 years$12,848$10,875$9,164$7,691$6,433$2,954
17 years$11,967$10,016$8,339$6,911$5,704$2,467
18 years$11,184$9,255$7,612$6,228$5,071$2,065
19 years$10,485$8,577$6,969$5,627$4,520$1,730
20 years$9,856$7,970$6,396$5,097$4,038$1,452
21 years$9,288$7,424$5,883$4,626$3,613$1,220
22 years$8,772$6,930$5,422$4,206$3,239$1,025
23 years$8,302$6,482$5,006$3,830$2,907$863
24 years$7,872$6,073$4,630$3,493$2,613$726
25 years$7,477$5,699$4,288$3,190$2,351$612
26 years$7,112$5,356$3,977$2,917$2,118$515
27 years$6,776$5,041$3,693$2,670$1,910$434
28 years$6,463$4,750$3,433$2,446$1,723$366
29 years$6,173$4,481$3,195$2,243$1,556$309
30 years$5,903$4,232$2,976$2,059$1,406$261
31 years$5,651$4,001$2,774$1,891$1,271$220
32 years$5,415$3,785$2,588$1,738$1,150$186
33 years$5,193$3,585$2,417$1,598$1,040$157
34 years$4,986$3,398$2,258$1,470$942$132
35 years$4,790$3,223$2,111$1,354$853$112
36 years$4,606$3,059$1,975$1,247$773$94
37 years$4,432$2,905$1,849$1,149$701$80
38 years$4,268$2,761$1,731$1,059$635$67
39 years$4,112$2,625$1,622$976$576$57
40 years$3,965$2,498$1,520$900$522$48
41 years$3,825$2,378$1,425$831$474$40
42 years$3,692$2,264$1,337$767$430$34
43 years$3,566$2,157$1,255$708$390$29
44 years$3,446$2,056$1,178$653$354$24
45 years$3,331$1,961$1,106$603$322$21
46 years$3,222$1,871$1,039$557$292$17
47 years$3,118$1,785$976$515$265$15
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 $2,249 every year, while hoping to spend $37,789 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: 41/45/14 Blend
39$2,900,000$2,900,000$2,900,000$2,900,000
40$3,198,120$3,044,420$2,999,470$3,315,927
41$3,484,121$3,153,389$3,059,745$3,508,224
42$3,798,027$3,266,432$3,120,773$3,712,332
43$4,142,646$3,383,707$3,182,538$3,932,424
44$4,521,068$3,505,380$3,245,026$4,169,972
45$4,936,700$3,631,626$3,308,216$4,426,595
46$5,393,291$3,762,624$3,372,090$4,704,070
47$5,894,976$3,898,563$3,436,624$5,004,350
48$6,446,308$4,039,636$3,501,795$5,329,581
49$7,052,302$4,186,048$3,567,576$5,682,121
50$7,718,484$4,338,012$3,633,937$6,064,562
51$8,450,942$4,495,747$3,700,846$6,479,756
52$9,256,383$4,659,485$3,768,270$6,930,837
53$10,142,199$4,829,464$3,836,172$7,421,252
54$11,116,530$5,005,934$3,904,510$7,954,791
55$12,188,347$5,189,156$3,973,242$8,535,624
56$13,367,535$5,379,401$4,042,322$9,168,339
57$14,664,982$5,576,951$4,111,699$9,857,981
58$16,092,690$5,782,100$4,181,320$10,610,105
59$17,663,877$5,995,156$4,251,128$11,430,820
60$19,393,112$6,216,439$4,321,060$12,326,850
61$21,296,447$6,446,281$4,391,052$13,305,595
62$23,391,566$6,685,031$4,461,034$14,375,200
63$25,697,958$6,933,050$4,530,931$15,544,632
64$28,237,096$7,190,716$4,600,664$16,823,758
65$31,032,642$7,458,423$4,670,148$18,223,443
66$34,110,667$7,736,581$4,739,294$19,755,649
67$37,499,901$8,025,620$4,808,006$21,433,544
68$41,232,000$8,325,984$4,876,184$23,271,627
69$45,341,848$8,638,140$4,943,719$25,285,864
70$49,867,881$8,962,574$5,010,498$27,493,834
71$54,852,456$9,299,792$5,076,402$29,914,897
72$60,342,247$9,650,322$5,141,301$32,570,373
73$66,388,684$10,014,715$5,205,062$35,483,738
74$73,048,440$10,393,547$5,267,543$38,680,852
75$80,383,967$10,787,417$5,328,592$42,190,191
76$88,464,082$11,196,951$5,388,050$46,043,121
77$97,364,619$11,622,802$5,445,750$50,274,191
78$107,169,143$12,065,652$5,501,515$54,921,452
79$117,969,738$12,526,211$5,555,158$60,026,819
80$129,867,878$13,005,222$5,606,483$65,636,462
81$142,975,383$13,503,459$5,655,281$71,801,239
82$157,415,474$14,021,731$5,701,336$78,577,175
83$173,323,937$14,560,881$5,744,416$86,025,986
84$190,850,405$15,121,790$5,784,279$94,215,659
85$210,159,766$15,705,377$5,820,673$103,221,092
86$231,433,725$16,312,603$5,853,327$113,124,798
87$254,872,513$16,944,469$5,881,963$124,017,677
88$280,696,783$17,602,022$5,906,282$135,999,877
89$309,149,688$18,286,355$5,925,976$149,181,731
90$340,499,178$18,998,607$5,940,717$163,684,793
91$375,040,525$19,739,970$5,950,163$179,642,989
92$413,099,119$20,511,689$5,953,954$197,203,871
93$455,033,531$21,315,063$5,951,712$216,530,007
94$501,238,898$22,151,448$5,943,042$237,800,513
95$552,150,659$23,022,263$5,927,527$261,212,738
96$608,248,660$23,928,988$5,904,733$286,984,121
97$670,061,684$24,873,169$5,874,202$315,354,243
98$738,172,444$25,856,422$5,835,456$346,587,078
99$813,223,082$26,880,435$5,787,992$380,973,484
100$895,921,232$27,946,972$5,731,286$418,833,940