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%17.5%
1 years$241,957$239,801$237,699$235,646$233,642$226,526
2 years$119,781$117,550$115,388$113,292$111,258$104,150
3 years$79,060$76,820$74,664$72,587$70,587$63,709
4 years$58,704$56,471$54,336$52,295$50,343$43,749
5 years$46,494$44,274$42,167$40,167$38,270$31,977
6 years$38,356$36,153$34,077$32,122$30,282$24,296
7 years$32,546$30,361$28,318$26,409$24,627$18,948
8 years$28,190$26,025$24,016$22,154$20,431$15,054
9 years$24,804$22,660$20,685$18,870$17,206$12,126
10 years$22,097$19,973$18,034$16,267$14,660$9,870
11 years$19,884$17,781$15,877$14,157$12,608$8,100
12 years$18,040$15,959$14,090$12,417$10,926$6,690
13 years$16,482$14,423$12,589$10,963$9,528$5,554
14 years$15,147$13,110$11,311$9,731$8,352$4,630
15 years$13,991$11,976$10,212$8,679$7,354$3,873
16 years$12,981$10,988$9,259$7,771$6,499$3,249
17 years$12,091$10,119$8,425$6,982$5,763$2,732
18 years$11,300$9,351$7,691$6,292$5,124$2,301
19 years$10,593$8,666$7,041$5,686$4,567$1,942
20 years$9,958$8,053$6,462$5,149$4,079$1,641
21 years$9,384$7,501$5,944$4,673$3,651$1,388
22 years$8,863$7,002$5,478$4,249$3,272$1,175
23 years$8,388$6,549$5,058$3,870$2,937$996
24 years$7,953$6,136$4,678$3,530$2,640$844
25 years$7,554$5,758$4,332$3,223$2,376$716
26 years$7,186$5,412$4,018$2,947$2,140$608
27 years$6,846$5,093$3,731$2,698$1,929$516
28 years$6,530$4,799$3,469$2,472$1,741$438
29 years$6,237$4,527$3,228$2,267$1,572$372
30 years$5,964$4,276$3,007$2,080$1,420$317
31 years$5,709$4,042$2,803$1,910$1,284$269
32 years$5,471$3,824$2,615$1,756$1,162$229
33 years$5,247$3,622$2,442$1,615$1,051$195
34 years$5,037$3,433$2,282$1,486$952$165
35 years$4,840$3,256$2,133$1,368$862$141
36 years$4,654$3,090$1,995$1,259$781$120
37 years$4,478$2,935$1,868$1,160$708$102
38 years$4,312$2,789$1,749$1,070$642$87
39 years$4,155$2,652$1,639$986$582$74
40 years$4,006$2,524$1,536$910$528$63
41 years$3,865$2,402$1,440$839$479$53
42 years$3,730$2,288$1,351$775$435$45
43 years$3,603$2,180$1,268$715$394$39
44 years$3,481$2,078$1,190$660$358$33
45 years$3,366$1,981$1,117$610$325$28
46 years$3,255$1,890$1,049$563$295$24
47 years$3,150$1,804$986$520$268$20
48 years$3,049$1,722$926$481$243$17
49 years$2,953$1,644$871$444$221$15
50 years$2,861$1,571$819$411$201$12

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 $5,465 every year, while hoping to spend $33,058 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: 38/48/14 Blend
39$2,930,000$2,930,000$2,930,000$2,930,000
40$3,234,497$3,079,207$3,033,792$3,343,502
41$3,529,242$3,194,915$3,100,251$3,537,540
42$3,852,944$3,315,184$3,167,828$3,743,503
43$4,208,520$3,440,204$3,236,526$3,965,370
44$4,599,186$3,570,171$3,306,346$4,204,588
45$5,028,483$3,705,290$3,377,290$4,462,742
46$5,500,315$3,845,776$3,449,355$4,741,575
47$6,018,980$3,991,852$3,522,541$5,042,999
48$6,589,214$4,143,750$3,596,845$5,369,115
49$7,216,236$4,301,716$3,672,261$5,722,229
50$7,905,793$4,466,001$3,748,783$6,104,876
51$8,664,221$4,636,872$3,826,404$6,519,842
52$9,498,498$4,814,605$3,905,115$6,970,185
53$10,416,312$4,999,488$3,984,904$7,459,271
54$11,426,136$5,191,824$4,065,758$7,990,795
55$12,537,304$5,391,925$4,147,663$8,568,825
56$13,760,100$5,600,121$4,230,601$9,197,829
57$15,105,858$5,816,754$4,314,553$9,882,723
58$16,587,063$6,042,182$4,399,498$10,628,912
59$18,217,473$6,276,779$4,485,412$11,442,344
60$20,012,250$6,520,936$4,572,267$12,329,559
61$21,988,096$6,775,058$4,660,035$13,297,753
62$24,163,418$7,039,573$4,748,683$14,354,843
63$26,558,498$7,314,923$4,838,175$15,509,543
64$29,195,684$7,601,574$4,928,473$16,771,437
65$32,099,602$7,900,009$5,019,535$18,151,077
66$35,297,388$8,210,735$5,111,315$19,660,074
67$38,818,941$8,534,282$5,203,765$21,311,210
68$42,697,212$8,871,200$5,296,829$23,118,551
69$46,968,506$9,222,068$5,390,452$25,097,585
70$51,672,832$9,587,487$5,484,571$27,265,360
71$56,854,276$9,968,089$5,579,119$29,640,644
72$62,561,418$10,364,531$5,674,025$32,244,104
73$68,847,791$10,777,501$5,769,213$35,098,490
74$75,772,384$11,207,717$5,864,600$38,228,857
75$83,400,203$11,655,931$5,960,099$41,662,792
76$91,802,878$12,122,927$6,055,618$45,430,671
77$101,059,346$12,609,525$6,151,055$49,565,950
78$111,256,590$13,116,582$6,246,306$54,105,470
79$122,490,463$13,644,994$6,341,258$59,089,805
80$134,866,589$14,195,699$6,435,790$64,563,641
81$148,501,367$14,769,674$6,529,774$70,576,196
82$163,523,062$15,367,943$6,623,077$77,181,678
83$180,073,017$15,991,575$6,715,553$84,439,794
84$198,306,993$16,641,690$6,807,052$92,416,311
85$218,396,629$17,319,456$6,897,411$101,183,671
86$240,531,071$18,026,095$6,986,460$110,821,673
87$264,918,753$18,762,887$7,074,020$121,418,216
88$291,789,365$19,531,167$7,159,898$133,070,132
89$321,396,019$20,332,333$7,243,893$145,884,090
90$354,017,642$21,167,846$7,325,793$159,977,597
91$389,961,606$22,039,235$7,405,371$175,480,107
92$429,566,631$22,948,099$7,482,392$192,534,232
93$473,205,980$23,896,108$7,556,605$211,297,086
94$521,290,984$24,885,012$7,627,746$231,941,761
95$574,274,926$25,916,639$7,695,537$254,658,954
96$632,657,316$26,992,902$7,759,685$279,658,761
97$696,988,610$28,115,802$7,819,882$307,172,655
98$767,875,403$29,287,432$7,875,803$337,455,660
99$845,986,159$30,509,981$7,927,108$370,788,756
100$932,057,518$31,785,740$7,973,436$407,481,520