Can I retire at age 40 with 2,920,000?

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 $2,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$241,131$238,983$236,887$234,842$232,845$228,799
2 years$119,372$117,149$114,994$112,905$110,879$106,816
3 years$78,791$76,558$74,409$72,339$70,346$66,392
4 years$58,504$56,278$54,150$52,116$50,171$46,358
5 years$46,335$44,123$42,023$40,030$38,139$34,477
6 years$38,225$36,030$33,961$32,013$30,178$26,671
7 years$32,435$30,258$28,222$26,319$24,543$21,191
8 years$28,094$25,936$23,934$22,079$20,361$17,164
9 years$24,720$22,582$20,614$18,806$17,147$14,103
10 years$22,022$19,905$17,972$16,211$14,610$11,717
11 years$19,816$17,720$15,822$14,108$12,565$9,820
12 years$17,979$15,905$14,042$12,375$10,889$8,287
13 years$16,425$14,373$12,546$10,925$9,495$7,034
14 years$15,095$13,065$11,272$9,698$8,323$5,998
15 years$13,944$11,935$10,177$8,649$7,329$5,134
16 years$12,937$10,950$9,227$7,744$6,477$4,409
17 years$12,049$10,085$8,396$6,958$5,743$3,797
18 years$11,261$9,319$7,665$6,271$5,106$3,277
19 years$10,557$8,637$7,017$5,666$4,551$2,834
20 years$9,924$8,025$6,440$5,132$4,065$2,455
21 years$9,352$7,475$5,923$4,657$3,638$2,130
22 years$8,833$6,978$5,459$4,235$3,261$1,850
23 years$8,360$6,526$5,041$3,857$2,927$1,608
24 years$7,926$6,115$4,662$3,517$2,631$1,400
25 years$7,528$5,738$4,318$3,212$2,368$1,219
26 years$7,161$5,393$4,004$2,937$2,133$1,063
27 years$6,822$5,076$3,718$2,688$1,923$927
28 years$6,508$4,783$3,457$2,463$1,735$809
29 years$6,216$4,512$3,217$2,259$1,567$706
30 years$5,944$4,261$2,996$2,073$1,416$616
31 years$5,690$4,028$2,793$1,904$1,280$539
32 years$5,452$3,811$2,606$1,750$1,158$471
33 years$5,229$3,609$2,434$1,609$1,048$411
34 years$5,020$3,421$2,274$1,480$949$360
35 years$4,823$3,245$2,126$1,363$859$314
36 years$4,638$3,080$1,989$1,255$778$275
37 years$4,463$2,925$1,861$1,156$706$241
38 years$4,297$2,780$1,743$1,066$640$210
39 years$4,140$2,643$1,633$983$580$184
40 years$3,992$2,515$1,531$907$526$161
41 years$3,851$2,394$1,435$836$477$141
42 years$3,718$2,280$1,346$772$433$123
43 years$3,590$2,172$1,263$713$393$108
44 years$3,469$2,071$1,186$658$357$95
45 years$3,354$1,975$1,113$608$324$83
46 years$3,244$1,884$1,046$561$294$72
47 years$3,139$1,798$983$519$267$63
48 years$3,039$1,716$923$479$243$56
49 years$2,943$1,639$868$443$220$49
50 years$2,851$1,565$816$409$200$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,920,000, adding $2,423 every year, while hoping to spend $54,699 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: 70/24/6 Blend
39$2,920,000$2,920,000$2,920,000$2,920,000
40$3,220,339$3,065,579$3,020,319$3,443,037
41$3,490,615$3,157,593$3,063,301$3,682,528
42$3,786,625$3,252,283$3,105,889$3,937,506
43$4,110,937$3,349,721$3,148,012$4,214,985
44$4,466,378$3,449,983$3,189,597$4,517,159
45$4,856,063$3,553,146$3,230,562$4,846,445
46$5,283,419$3,659,289$3,270,824$5,205,504
47$5,752,226$3,768,491$3,310,294$5,597,264
48$6,266,642$3,880,837$3,348,878$6,024,950
49$6,831,251$3,996,409$3,386,477$6,492,111
50$7,451,100$4,115,295$3,422,986$7,002,658
51$8,131,751$4,237,583$3,458,295$7,560,895
52$8,879,328$4,363,363$3,492,286$8,171,563
53$9,700,580$4,492,728$3,524,838$8,839,883
54$10,602,939$4,625,772$3,555,820$9,571,606
55$11,594,595$4,762,591$3,585,096$10,373,064
56$12,684,570$4,903,284$3,612,523$11,251,234
57$13,882,803$5,047,952$3,637,950$12,213,798
58$15,200,245$5,196,698$3,661,217$13,269,220
59$16,648,960$5,349,626$3,682,158$14,426,823
60$18,242,240$5,506,844$3,700,596$15,696,876
61$19,994,730$5,668,460$3,716,347$17,090,694
62$21,922,565$5,834,587$3,729,217$18,620,738
63$24,043,522$6,005,338$3,739,002$20,300,739
64$26,377,191$6,180,829$3,745,488$22,145,824
65$28,945,152$6,361,177$3,748,449$24,172,656
66$31,771,186$6,546,504$3,747,651$26,399,595
67$34,881,495$6,736,930$3,742,845$28,846,871
68$38,304,949$6,932,582$3,733,772$31,536,768
69$42,073,360$7,133,585$3,720,160$34,493,841
70$46,221,781$7,340,068$3,701,723$37,745,146
71$50,788,833$7,552,162$3,678,162$41,320,490
72$55,817,077$7,770,001$3,649,163$45,252,718
73$61,353,407$7,993,719$3,614,398$49,578,018
74$67,449,496$8,223,453$3,573,522$54,336,266
75$74,162,285$8,459,342$3,526,176$59,571,398
76$81,554,516$8,701,528$3,471,980$65,331,825
77$89,695,327$8,950,153$3,410,541$71,670,892
78$98,660,901$9,205,361$3,341,445$78,647,379
79$108,535,188$9,467,299$3,264,259$86,326,055
80$119,410,694$9,736,114$3,178,529$94,778,289
81$131,389,358$10,011,956$3,083,782$104,082,725
82$144,583,506$10,294,976$2,979,523$114,326,018
83$159,116,919$10,585,325$2,865,233$125,603,662
84$175,125,997$10,883,158$2,740,369$138,020,877
85$192,761,043$11,188,627$2,604,366$151,693,616
86$212,187,688$11,501,888$2,456,631$166,749,647
87$233,588,449$11,823,098$2,296,545$183,329,765
88$257,164,452$12,152,411$2,123,461$201,589,119
89$283,137,333$12,489,985$1,936,703$221,698,677
90$311,751,323$12,835,977$1,735,565$243,846,835
91$343,275,561$13,190,543$1,519,309$268,241,202
92$378,006,628$13,553,839$1,287,166$295,110,551
93$416,271,347$13,926,021$1,038,329$324,706,985
94$458,429,872$14,307,243$771,961$357,308,313
95$504,879,079$14,697,658$487,182$393,220,671
96$556,056,321$15,097,419$183,078$432,781,415
97$612,443,548$15,506,675$0$476,362,301
98$674,571,861$15,925,573$0$524,382,051
99$743,026,522$16,354,258$0$577,296,152
100$818,452,481$16,792,870$0$635,590,418