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%15.6%
1 years$240,305$238,165$236,076$234,038$232,047$226,714
2 years$118,963$116,747$114,600$112,518$110,499$105,155
3 years$78,521$76,296$74,154$72,091$70,105$64,918
4 years$58,304$56,085$53,965$51,938$49,999$45,008
5 years$46,177$43,972$41,879$39,893$38,009$33,228
6 years$38,095$35,906$33,845$31,903$30,075$25,510
7 years$32,324$30,154$28,125$26,229$24,459$20,110
8 years$27,998$25,847$23,852$22,003$20,291$16,156
9 years$24,635$22,505$20,544$18,742$17,088$13,165
10 years$21,946$19,837$17,911$16,156$14,560$10,843
11 years$19,748$17,660$15,768$14,060$12,522$9,007
12 years$17,917$15,850$13,994$12,333$10,851$7,533
13 years$16,369$14,324$12,503$10,888$9,463$6,334
14 years$15,044$13,020$11,234$9,665$8,295$5,350
15 years$13,896$11,894$10,142$8,620$7,303$4,536
16 years$12,892$10,913$9,196$7,718$6,455$3,857
17 years$12,008$10,050$8,368$6,934$5,723$3,288
18 years$11,223$9,287$7,639$6,249$5,089$2,809
19 years$10,521$8,607$6,993$5,647$4,536$2,404
20 years$9,890$7,998$6,418$5,114$4,051$2,061
21 years$9,320$7,450$5,903$4,641$3,626$1,769
22 years$8,803$6,954$5,441$4,220$3,250$1,520
23 years$8,331$6,504$5,023$3,843$2,917$1,307
24 years$7,899$6,094$4,646$3,505$2,622$1,125
25 years$7,502$5,719$4,303$3,201$2,359$969
26 years$7,137$5,375$3,991$2,927$2,125$835
27 years$6,799$5,058$3,706$2,679$1,916$720
28 years$6,486$4,766$3,445$2,455$1,729$621
29 years$6,195$4,497$3,206$2,251$1,561$536
30 years$5,924$4,246$2,986$2,066$1,411$463
31 years$5,670$4,014$2,784$1,897$1,275$400
32 years$5,433$3,798$2,597$1,744$1,154$345
33 years$5,211$3,597$2,425$1,604$1,044$298
34 years$5,003$3,409$2,266$1,475$945$258
35 years$4,807$3,234$2,119$1,358$856$223
36 years$4,622$3,069$1,982$1,251$776$193
37 years$4,447$2,915$1,855$1,152$703$166
38 years$4,282$2,770$1,737$1,062$637$144
39 years$4,126$2,634$1,627$979$578$124
40 years$3,978$2,506$1,525$903$524$108
41 years$3,838$2,386$1,430$834$476$93
42 years$3,705$2,272$1,342$769$432$80
43 years$3,578$2,165$1,259$710$392$70
44 years$3,457$2,064$1,182$656$356$60
45 years$3,343$1,968$1,110$606$323$52
46 years$3,233$1,877$1,042$559$293$45
47 years$3,128$1,791$979$517$266$39
48 years$3,028$1,710$920$477$242$34
49 years$2,933$1,633$865$441$219$29
50 years$2,841$1,560$813$408$199$25

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 $3,961 every year, while hoping to spend $46,600 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: 39/39/22 Blend
39$2,910,000$2,910,000$2,910,000$2,910,000
40$3,210,906$3,056,676$3,011,571$3,314,970
41$3,488,836$3,156,871$3,062,876$3,490,631
42$3,793,554$3,260,414$3,114,339$3,675,757
43$4,127,741$3,367,419$3,165,914$3,874,995
44$4,494,354$3,478,006$3,217,556$4,089,652
45$4,896,647$3,592,297$3,269,213$4,321,166
46$5,338,206$3,710,421$3,320,833$4,571,119
47$5,822,981$3,832,509$3,372,358$4,841,249
48$6,355,321$3,958,698$3,423,728$5,133,467
49$6,940,019$4,089,129$3,474,878$5,449,879
50$7,582,355$4,223,951$3,525,740$5,792,795
51$8,288,144$4,363,313$3,576,242$6,164,764
52$9,063,794$4,507,375$3,626,305$6,568,584
53$9,916,363$4,656,299$3,675,849$7,007,337
54$10,853,629$4,810,254$3,724,787$7,484,417
55$11,884,158$4,969,416$3,773,026$8,003,556
56$13,017,390$5,133,965$3,820,470$8,568,862
57$14,263,725$5,304,090$3,867,017$9,184,860
58$15,634,621$5,479,986$3,912,558$9,856,529
59$17,142,702$5,661,855$3,956,978$10,589,352
60$18,801,878$5,849,906$4,000,157$11,389,364
61$20,627,474$6,044,356$4,041,967$12,263,213
62$22,636,377$6,245,430$4,082,273$13,218,218
63$24,847,192$6,453,361$4,120,934$14,262,438
64$27,280,420$6,668,391$4,157,801$15,404,748
65$29,958,651$6,890,770$4,192,715$16,654,925
66$32,906,773$7,120,757$4,225,510$18,023,734
67$36,152,212$7,358,623$4,256,013$19,523,032
68$39,725,188$7,604,646$4,284,040$21,165,880
69$43,659,000$7,859,115$4,309,398$22,966,664
70$47,990,338$8,122,332$4,331,882$24,941,231
71$52,759,633$8,394,607$4,351,281$27,107,034
72$58,011,436$8,676,264$4,367,370$29,483,303
73$63,794,839$8,967,636$4,379,913$32,091,220
74$70,163,935$9,269,073$4,388,662$34,954,119
75$77,178,332$9,580,933$4,393,358$38,097,707
76$84,903,714$9,903,592$4,393,729$41,550,306
77$93,412,462$10,237,436$4,389,487$45,343,117
78$102,784,331$10,582,869$4,380,333$49,510,513
79$113,107,210$10,940,307$4,365,952$54,090,368
80$124,477,948$11,310,185$4,346,014$59,124,408
81$137,003,267$11,692,951$4,320,172$64,658,604
82$150,800,767$12,089,073$4,288,065$70,743,609
83$166,000,042$12,499,035$4,249,313$77,435,230
84$182,743,898$12,923,338$4,203,516$84,794,959
85$201,189,700$13,362,507$4,150,258$92,890,548
86$221,510,860$13,817,081$4,089,103$101,796,647
87$243,898,473$14,287,623$4,019,593$111,595,512
88$268,563,118$14,774,717$3,941,250$122,377,777
89$295,736,847$15,278,969$3,853,573$134,243,306
90$325,675,376$15,801,009$3,756,038$147,302,141
91$358,660,496$16,341,490$3,648,097$161,675,532
92$395,002,734$16,901,091$3,529,176$177,497,086
93$435,044,285$17,480,516$3,398,675$194,914,024
94$479,162,239$18,080,499$3,255,968$214,088,570
95$527,772,143$18,701,799$3,100,399$235,199,478
96$581,331,921$19,345,206$2,931,281$258,443,723
97$640,346,197$20,011,541$2,747,899$284,038,358
98$705,371,060$20,701,657$2,549,504$312,222,555
99$777,019,310$21,416,440$2,335,314$343,259,870
100$855,966,243$22,156,810$2,104,511$377,440,724