Can I retire at age 40 with 2,910,000?

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 $2,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$240,305$238,165$236,076$234,038$232,047$223,992
2 years$118,963$116,747$114,600$112,518$110,499$102,467
3 years$78,521$76,296$74,154$72,091$70,105$62,348
4 years$58,304$56,085$53,965$51,938$49,999$42,577
5 years$46,177$43,972$41,879$39,893$38,009$30,941
6 years$38,095$35,906$33,845$31,903$30,075$23,367
7 years$32,324$30,154$28,125$26,229$24,459$18,109
8 years$27,998$25,847$23,852$22,003$20,291$14,295
9 years$24,635$22,505$20,544$18,742$17,088$11,438
10 years$21,946$19,837$17,911$16,156$14,560$9,246
11 years$19,748$17,660$15,768$14,060$12,522$7,534
12 years$17,917$15,850$13,994$12,333$10,851$6,177
13 years$16,369$14,324$12,503$10,888$9,463$5,090
14 years$15,044$13,020$11,234$9,665$8,295$4,211
15 years$13,896$11,894$10,142$8,620$7,303$3,495
16 years$12,892$10,913$9,196$7,718$6,455$2,909
17 years$12,008$10,050$8,368$6,934$5,723$2,426
18 years$11,223$9,287$7,639$6,249$5,089$2,027
19 years$10,521$8,607$6,993$5,647$4,536$1,696
20 years$9,890$7,998$6,418$5,114$4,051$1,421
21 years$9,320$7,450$5,903$4,641$3,626$1,192
22 years$8,803$6,954$5,441$4,220$3,250$1,000
23 years$8,331$6,504$5,023$3,843$2,917$840
24 years$7,899$6,094$4,646$3,505$2,622$706
25 years$7,502$5,719$4,303$3,201$2,359$594
26 years$7,137$5,375$3,991$2,927$2,125$500
27 years$6,799$5,058$3,706$2,679$1,916$421
28 years$6,486$4,766$3,445$2,455$1,729$354
29 years$6,195$4,497$3,206$2,251$1,561$298
30 years$5,924$4,246$2,986$2,066$1,411$251
31 years$5,670$4,014$2,784$1,897$1,275$212
32 years$5,433$3,798$2,597$1,744$1,154$178
33 years$5,211$3,597$2,425$1,604$1,044$150
34 years$5,003$3,409$2,266$1,475$945$127
35 years$4,807$3,234$2,119$1,358$856$107
36 years$4,622$3,069$1,982$1,251$776$90
37 years$4,447$2,915$1,855$1,152$703$76
38 years$4,282$2,770$1,737$1,062$637$64
39 years$4,126$2,634$1,627$979$578$54
40 years$3,978$2,506$1,525$903$524$45
41 years$3,838$2,386$1,430$834$476$38
42 years$3,705$2,272$1,342$769$432$32
43 years$3,578$2,165$1,259$710$392$27
44 years$3,457$2,064$1,182$656$356$23
45 years$3,343$1,968$1,110$606$323$19
46 years$3,233$1,877$1,042$559$293$16
47 years$3,128$1,791$979$517$266$14
48 years$3,028$1,710$920$477$242$12
49 years$2,933$1,633$865$441$219$10
50 years$2,841$1,560$813$408$199$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,910,000, adding $2,510 every year, while hoping to spend $40,306 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: 68/19/13 Blend
39$2,910,000$2,910,000$2,910,000$2,910,000
40$3,209,409$3,055,179$3,010,074$3,418,134
41$3,493,884$3,161,998$3,068,026$3,664,160
42$3,806,023$3,272,699$3,126,569$3,928,106
43$4,148,608$3,387,432$3,185,679$4,215,751
44$4,524,699$3,506,349$3,245,333$4,529,414
45$4,937,669$3,629,611$3,305,502$4,871,651
46$5,391,233$3,757,383$3,366,157$5,245,276
47$5,889,482$3,889,838$3,427,267$5,653,385
48$6,436,926$4,027,157$3,488,797$6,099,388
49$7,038,530$4,169,526$3,550,710$6,587,040
50$7,699,767$4,317,139$3,612,966$7,120,473
51$8,426,664$4,470,200$3,675,521$7,704,240
52$9,225,863$4,628,918$3,738,330$8,343,354
53$10,104,679$4,793,514$3,801,342$9,043,333
54$11,071,175$4,964,215$3,864,506$9,810,258
55$12,134,232$5,141,259$3,927,764$10,650,824
56$13,303,636$5,324,892$3,991,056$11,572,405
57$14,590,167$5,515,372$4,054,317$12,583,122
58$16,005,706$5,712,967$4,117,478$13,691,924
59$17,563,341$5,917,956$4,180,467$14,908,662
60$19,277,494$6,130,628$4,243,204$16,244,192
61$21,164,055$6,351,285$4,305,609$17,710,472
62$23,240,534$6,580,243$4,367,592$19,320,672
63$25,526,222$6,817,829$4,429,060$21,089,302
64$28,042,378$7,064,384$4,489,915$23,032,348
65$30,812,426$7,320,264$4,550,052$25,167,418
66$33,862,174$7,585,837$4,609,359$27,513,913
67$37,220,063$7,861,491$4,667,720$30,093,207
68$40,917,431$8,147,626$4,725,011$32,928,845
69$44,988,810$8,444,661$4,781,100$36,046,770
70$49,472,251$8,753,031$4,835,848$39,475,565
71$54,409,682$9,073,191$4,889,110$43,246,721
72$59,847,305$9,405,613$4,940,731$47,394,933
73$65,836,033$9,750,790$4,990,548$51,958,430
74$72,431,966$10,109,237$5,038,390$56,979,331
75$79,696,925$10,481,489$5,084,075$62,504,045
76$87,699,033$10,868,103$5,127,412$68,583,705
77$96,513,356$11,269,661$5,168,202$75,274,653
78$106,222,613$11,686,770$5,206,232$82,638,968
79$116,917,960$12,120,061$5,241,281$90,745,054
80$128,699,841$12,570,194$5,273,114$99,668,283
81$141,678,947$13,037,856$5,301,485$109,491,703
82$155,977,251$13,523,761$5,326,135$120,306,825
83$171,729,163$14,028,659$5,346,794$132,214,485
84$189,082,801$14,553,327$5,363,175$145,325,792
85$208,201,384$15,098,577$5,374,979$159,763,179
86$229,264,775$15,665,257$5,381,890$175,661,554
87$252,471,177$16,254,250$5,383,579$193,169,575
88$278,039,007$16,866,477$5,379,698$212,451,053
89$306,208,952$17,502,900$5,369,884$233,686,491
90$337,246,244$18,164,522$5,353,755$257,074,795
91$371,443,167$18,852,389$5,330,911$282,835,143
92$409,121,806$19,567,593$5,300,932$311,209,056
93$450,637,096$20,311,271$5,263,380$342,462,677
94$496,380,170$21,084,613$5,217,793$376,889,279
95$546,782,047$21,888,859$5,163,689$414,812,035
96$602,317,705$22,725,302$5,100,561$456,587,064
97$663,510,562$23,595,293$5,027,882$502,606,795
98$730,937,420$24,500,242$4,945,096$553,303,664
99$805,233,903$25,441,621$4,851,623$609,154,201
100$887,100,465$26,420,964$4,746,856$670,683,523