Can I retire at age 40 with 2,930,000?

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 $2,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$241,957$239,801$237,699$235,646$233,642$229,772
2 years$119,781$117,550$115,388$113,292$111,258$107,370
3 years$79,060$76,820$74,664$72,587$70,587$66,802
4 years$58,704$56,471$54,336$52,295$50,343$46,691
5 years$46,494$44,274$42,167$40,167$38,270$34,761
6 years$38,356$36,153$34,077$32,122$30,282$26,919
7 years$32,546$30,361$28,318$26,409$24,627$21,413
8 years$28,190$26,025$24,016$22,154$20,431$17,364
9 years$24,804$22,660$20,685$18,870$17,206$14,285
10 years$22,097$19,973$18,034$16,267$14,660$11,882
11 years$19,884$17,781$15,877$14,157$12,608$9,971
12 years$18,040$15,959$14,090$12,417$10,926$8,426
13 years$16,482$14,423$12,589$10,963$9,528$7,161
14 years$15,147$13,110$11,311$9,731$8,352$6,114
15 years$13,991$11,976$10,212$8,679$7,354$5,241
16 years$12,981$10,988$9,259$7,771$6,499$4,507
17 years$12,091$10,119$8,425$6,982$5,763$3,887
18 years$11,300$9,351$7,691$6,292$5,124$3,360
19 years$10,593$8,666$7,041$5,686$4,567$2,910
20 years$9,958$8,053$6,462$5,149$4,079$2,524
21 years$9,384$7,501$5,944$4,673$3,651$2,193
22 years$8,863$7,002$5,478$4,249$3,272$1,908
23 years$8,388$6,549$5,058$3,870$2,937$1,661
24 years$7,953$6,136$4,678$3,530$2,640$1,448
25 years$7,554$5,758$4,332$3,223$2,376$1,263
26 years$7,186$5,412$4,018$2,947$2,140$1,103
27 years$6,846$5,093$3,731$2,698$1,929$963
28 years$6,530$4,799$3,469$2,472$1,741$842
29 years$6,237$4,527$3,228$2,267$1,572$736
30 years$5,964$4,276$3,007$2,080$1,420$644
31 years$5,709$4,042$2,803$1,910$1,284$564
32 years$5,471$3,824$2,615$1,756$1,162$493
33 years$5,247$3,622$2,442$1,615$1,051$432
34 years$5,037$3,433$2,282$1,486$952$378
35 years$4,840$3,256$2,133$1,368$862$331
36 years$4,654$3,090$1,995$1,259$781$290
37 years$4,478$2,935$1,868$1,160$708$254
38 years$4,312$2,789$1,749$1,070$642$223
39 years$4,155$2,652$1,639$986$582$195
40 years$4,006$2,524$1,536$910$528$171
41 years$3,865$2,402$1,440$839$479$150
42 years$3,730$2,288$1,351$775$435$132
43 years$3,603$2,180$1,268$715$394$115
44 years$3,481$2,078$1,190$660$358$101
45 years$3,366$1,981$1,117$610$325$89
46 years$3,255$1,890$1,049$563$295$78
47 years$3,150$1,804$986$520$268$68
48 years$3,049$1,722$926$481$243$60
49 years$2,953$1,644$871$444$221$52
50 years$2,861$1,571$819$411$201$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,930,000, adding $2,483 every year, while hoping to spend $37,493 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: 59/12/29 Blend
39$2,930,000$2,930,000$2,930,000$2,930,000
40$3,231,421$3,076,131$3,030,716$3,396,386
41$3,521,134$3,186,969$3,092,353$3,620,394
42$3,839,141$3,301,982$3,154,798$3,860,444
43$4,188,288$3,421,334$3,218,039$4,121,529
44$4,571,711$3,545,197$3,282,061$4,405,705
45$4,992,865$3,673,751$3,346,849$4,715,235
46$5,455,553$3,807,181$3,412,384$5,052,612
47$5,963,968$3,945,682$3,478,648$5,420,579
48$6,522,728$4,089,455$3,545,618$5,822,159
49$7,136,920$4,238,712$3,613,270$6,260,677
50$7,812,150$4,393,673$3,681,578$6,739,799
51$8,554,591$4,554,565$3,750,513$7,263,560
52$9,371,048$4,721,627$3,820,044$7,836,403
53$10,269,016$4,895,108$3,890,137$8,463,223
54$11,256,754$5,075,267$3,960,754$9,149,412
55$12,343,361$5,262,372$4,031,857$9,900,908
56$13,538,861$5,456,706$4,103,402$10,724,251
57$14,854,301$5,658,561$4,175,342$11,626,647
58$16,301,853$5,868,243$4,247,629$12,616,033
59$17,894,925$6,086,071$4,320,208$13,701,151
60$19,648,295$6,312,376$4,393,023$14,891,634
61$21,578,244$6,547,504$4,466,011$16,198,094
62$23,702,710$6,791,818$4,539,108$17,632,219
63$26,041,462$7,045,692$4,612,244$19,206,889
64$28,616,281$7,309,521$4,685,343$20,936,292
65$31,451,166$7,583,712$4,758,327$22,836,062
66$34,572,565$7,868,694$4,831,111$24,923,422
67$38,009,618$8,164,911$4,903,605$27,217,346
68$41,794,435$8,472,828$4,975,712$29,738,745
69$45,962,401$8,792,931$5,047,332$32,510,653
70$50,552,505$9,125,723$5,118,357$35,558,453
71$55,607,711$9,471,734$5,188,672$38,910,111
72$61,175,361$9,831,512$5,258,156$42,596,441
73$67,307,625$10,205,634$5,326,681$46,651,398
74$74,061,990$10,594,697$5,394,112$51,112,394
75$81,501,804$10,999,327$5,460,305$56,020,650
76$89,696,871$11,420,178$5,525,109$61,421,592
77$98,724,114$11,857,929$5,588,362$67,365,269
78$108,668,298$12,313,292$5,649,897$73,906,833
79$119,622,830$12,787,009$5,709,534$81,107,057
80$131,690,641$13,279,855$5,767,086$89,032,904
81$144,985,157$13,792,638$5,822,354$97,758,165
82$159,631,369$14,326,203$5,875,128$107,364,151
83$175,767,012$14,881,430$5,925,189$117,940,459
84$193,543,868$15,459,242$5,972,304$129,585,821
85$213,129,195$16,060,597$6,016,228$142,409,034
86$234,707,307$16,686,500$6,056,706$156,529,984
87$258,481,313$17,337,999$6,093,466$172,080,780
88$284,675,034$18,016,188$6,126,224$189,206,998
89$313,535,116$18,722,210$6,154,681$208,069,059
90$345,333,358$19,457,258$6,178,523$228,843,735
91$380,369,277$20,222,581$6,197,420$251,725,827
92$418,972,936$21,019,479$6,211,026$276,929,994
93$461,508,056$21,849,314$6,218,976$304,692,784
94$508,375,455$22,713,508$6,220,889$335,274,865
95$560,016,826$23,613,545$6,216,364$368,963,485
96$616,918,910$24,550,976$6,204,979$406,075,182
97$679,618,088$25,527,423$6,186,295$446,958,773
98$748,705,445$26,544,579$6,159,849$491,998,645
99$824,832,352$27,604,215$6,125,156$541,618,384
100$908,716,611$28,708,181$6,081,707$596,284,772