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%19.8%
1 years$240,305$238,165$236,076$234,038$232,047$222,929
2 years$118,963$116,747$114,600$112,518$110,499$101,423
3 years$78,521$76,296$74,154$72,091$70,105$61,359
4 years$58,304$56,085$53,965$51,938$49,999$41,649
5 years$46,177$43,972$41,879$39,893$38,009$30,075
6 years$38,095$35,906$33,845$31,903$30,075$22,564
7 years$32,324$30,154$28,125$26,229$24,459$17,367
8 years$27,998$25,847$23,852$22,003$20,291$13,612
9 years$24,635$22,505$20,544$18,742$17,088$10,811
10 years$21,946$19,837$17,911$16,156$14,560$8,673
11 years$19,748$17,660$15,768$14,060$12,522$7,012
12 years$17,917$15,850$13,994$12,333$10,851$5,703
13 years$16,369$14,324$12,503$10,888$9,463$4,661
14 years$15,044$13,020$11,234$9,665$8,295$3,824
15 years$13,896$11,894$10,142$8,620$7,303$3,147
16 years$12,892$10,913$9,196$7,718$6,455$2,596
17 years$12,008$10,050$8,368$6,934$5,723$2,146
18 years$11,223$9,287$7,639$6,249$5,089$1,777
19 years$10,521$8,607$6,993$5,647$4,536$1,474
20 years$9,890$7,998$6,418$5,114$4,051$1,223
21 years$9,320$7,450$5,903$4,641$3,626$1,017
22 years$8,803$6,954$5,441$4,220$3,250$845
23 years$8,331$6,504$5,023$3,843$2,917$703
24 years$7,899$6,094$4,646$3,505$2,622$586
25 years$7,502$5,719$4,303$3,201$2,359$488
26 years$7,137$5,375$3,991$2,927$2,125$406
27 years$6,799$5,058$3,706$2,679$1,916$339
28 years$6,486$4,766$3,445$2,455$1,729$282
29 years$6,195$4,497$3,206$2,251$1,561$235
30 years$5,924$4,246$2,986$2,066$1,411$196
31 years$5,670$4,014$2,784$1,897$1,275$164
32 years$5,433$3,798$2,597$1,744$1,154$137
33 years$5,211$3,597$2,425$1,604$1,044$114
34 years$5,003$3,409$2,266$1,475$945$95
35 years$4,807$3,234$2,119$1,358$856$79
36 years$4,622$3,069$1,982$1,251$776$66
37 years$4,447$2,915$1,855$1,152$703$55
38 years$4,282$2,770$1,737$1,062$637$46
39 years$4,126$2,634$1,627$979$578$38
40 years$3,978$2,506$1,525$903$524$32
41 years$3,838$2,386$1,430$834$476$27
42 years$3,705$2,272$1,342$769$432$22
43 years$3,578$2,165$1,259$710$392$19
44 years$3,457$2,064$1,182$656$356$16
45 years$3,343$1,968$1,110$606$323$13
46 years$3,233$1,877$1,042$559$293$11
47 years$3,128$1,791$979$517$266$9
48 years$3,028$1,710$920$477$242$8
49 years$2,933$1,633$865$441$219$6
50 years$2,841$1,560$813$408$199$5

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 $5,305 every year, while hoping to spend $25,966 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: 34/40/26 Blend
39$2,910,000$2,910,000$2,910,000$2,910,000
40$3,212,292$3,058,062$3,012,957$3,296,011
41$3,512,318$3,180,280$3,086,264$3,481,491
42$3,842,077$3,307,615$3,161,155$3,678,654
43$4,204,573$3,440,293$3,237,659$3,890,759
44$4,603,118$3,578,546$3,315,799$4,119,152
45$5,041,359$3,722,618$3,395,601$4,365,309
46$5,523,316$3,872,764$3,477,092$4,630,850
47$6,053,416$4,029,252$3,560,296$4,917,551
48$6,636,538$4,192,358$3,645,240$5,227,366
49$7,278,058$4,362,376$3,731,948$5,562,438
50$7,983,896$4,539,610$3,820,445$5,925,119
51$8,760,580$4,724,377$3,910,757$6,317,995
52$9,615,299$4,917,011$4,002,907$6,743,907
53$10,555,976$5,117,861$4,096,920$7,205,976
54$11,591,338$5,327,289$4,192,820$7,707,630
55$12,731,005$5,545,677$4,290,630$8,252,641
56$13,985,575$5,773,422$4,390,373$8,845,151
57$15,366,725$6,010,941$4,492,072$9,489,718
58$16,887,323$6,258,669$4,595,748$10,191,352
59$18,561,547$6,517,061$4,701,423$10,955,560
60$20,405,022$6,786,594$4,809,117$11,788,404
61$22,434,962$7,067,765$4,918,851$12,696,546
62$24,670,338$7,361,095$5,030,642$13,687,319
63$27,132,052$7,667,129$5,144,509$14,768,789
64$29,843,140$7,986,437$5,260,468$15,949,829
65$32,828,983$8,319,615$5,378,537$17,240,204
66$36,117,550$8,667,287$5,498,728$18,650,659
67$39,739,661$9,030,105$5,621,057$20,193,020
68$43,729,279$9,408,752$5,745,534$21,880,301
69$48,123,826$9,803,942$5,872,170$23,726,827
70$52,964,544$10,216,422$6,000,975$25,748,366
71$58,296,875$10,646,975$6,131,956$27,962,274
72$64,170,898$11,096,418$6,265,118$30,387,660
73$70,641,795$11,565,608$6,400,465$33,045,560
74$77,770,375$12,055,440$6,537,997$35,959,135
75$85,623,649$12,566,852$6,677,716$39,153,884
76$94,275,459$13,100,825$6,819,617$42,657,887
77$103,807,176$13,658,386$6,963,695$46,502,061
78$114,308,471$14,240,610$7,109,941$50,720,453
79$125,878,156$14,848,621$7,258,345$55,350,554
80$138,625,121$15,483,596$7,408,893$60,433,654
81$152,669,359$16,146,768$7,561,567$66,015,225
82$168,143,101$16,839,427$7,716,346$72,145,347
83$185,192,060$17,562,922$7,873,207$78,879,175
84$203,976,812$18,318,667$8,032,121$86,277,459
85$224,674,306$19,108,141$8,193,056$94,407,113
86$247,479,538$19,932,892$8,355,976$103,341,836
87$272,607,390$20,794,543$8,520,841$113,162,810
88$300,294,658$21,694,790$8,687,603$123,959,458
89$330,802,289$22,635,411$8,856,214$135,830,285
90$364,417,842$23,618,266$9,026,617$148,883,798
91$401,458,204$24,645,302$9,198,750$163,239,530
92$442,272,579$25,718,561$9,372,547$179,029,159
93$487,245,788$26,840,177$9,547,934$196,397,745
94$536,801,899$28,012,386$9,724,830$215,505,097
95$591,408,230$29,237,530$9,903,149$236,527,267
96$651,579,762$30,518,061$10,082,797$259,658,213
97$717,883,999$31,856,547$10,263,671$285,111,618
98$790,946,325$33,255,677$10,445,663$313,122,900
99$871,455,911$34,718,265$10,628,653$343,951,426
100$960,172,216$36,247,262$10,812,515$377,882,955