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%14.5%
1 years$241,957$239,801$237,699$235,646$233,642$229,300
2 years$119,781$117,550$115,388$113,292$111,258$106,900
3 years$79,060$76,820$74,664$72,587$70,587$66,348
4 years$58,704$56,471$54,336$52,295$50,343$46,256
5 years$46,494$44,274$42,167$40,167$38,270$34,347
6 years$38,356$36,153$34,077$32,122$30,282$26,527
7 years$32,546$30,361$28,318$26,409$24,627$21,042
8 years$28,190$26,025$24,016$22,154$20,431$17,014
9 years$24,804$22,660$20,685$18,870$17,206$13,955
10 years$22,097$19,973$18,034$16,267$14,660$11,572
11 years$19,884$17,781$15,877$14,157$12,608$9,680
12 years$18,040$15,959$14,090$12,417$10,926$8,154
13 years$16,482$14,423$12,589$10,963$9,528$6,907
14 years$15,147$13,110$11,311$9,731$8,352$5,877
15 years$13,991$11,976$10,212$8,679$7,354$5,021
16 years$12,981$10,988$9,259$7,771$6,499$4,303
17 years$12,091$10,119$8,425$6,982$5,763$3,697
18 years$11,300$9,351$7,691$6,292$5,124$3,184
19 years$10,593$8,666$7,041$5,686$4,567$2,748
20 years$9,958$8,053$6,462$5,149$4,079$2,375
21 years$9,384$7,501$5,944$4,673$3,651$2,055
22 years$8,863$7,002$5,478$4,249$3,272$1,781
23 years$8,388$6,549$5,058$3,870$2,937$1,545
24 years$7,953$6,136$4,678$3,530$2,640$1,342
25 years$7,554$5,758$4,332$3,223$2,376$1,166
26 years$7,186$5,412$4,018$2,947$2,140$1,014
27 years$6,846$5,093$3,731$2,698$1,929$882
28 years$6,530$4,799$3,469$2,472$1,741$768
29 years$6,237$4,527$3,228$2,267$1,572$668
30 years$5,964$4,276$3,007$2,080$1,420$582
31 years$5,709$4,042$2,803$1,910$1,284$507
32 years$5,471$3,824$2,615$1,756$1,162$442
33 years$5,247$3,622$2,442$1,615$1,051$386
34 years$5,037$3,433$2,282$1,486$952$336
35 years$4,840$3,256$2,133$1,368$862$293
36 years$4,654$3,090$1,995$1,259$781$256
37 years$4,478$2,935$1,868$1,160$708$223
38 years$4,312$2,789$1,749$1,070$642$195
39 years$4,155$2,652$1,639$986$582$170
40 years$4,006$2,524$1,536$910$528$148
41 years$3,865$2,402$1,440$839$479$130
42 years$3,730$2,288$1,351$775$435$113
43 years$3,603$2,180$1,268$715$394$99
44 years$3,481$2,078$1,190$660$358$86
45 years$3,366$1,981$1,117$610$325$75
46 years$3,255$1,890$1,049$563$295$66
47 years$3,150$1,804$986$520$268$57
48 years$3,049$1,722$926$481$243$50
49 years$2,953$1,644$871$444$221$44
50 years$2,861$1,571$819$411$201$38

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 $3,226 every year, while hoping to spend $27,442 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: 44/30/26 Blend
39$2,930,000$2,930,000$2,930,000$2,930,000
40$3,232,188$3,076,898$3,031,483$3,349,885
41$3,532,673$3,198,468$3,103,839$3,555,507
42$3,862,887$3,325,075$3,177,700$3,775,374
43$4,225,835$3,456,937$3,253,086$4,013,179
44$4,624,826$3,594,282$3,330,020$4,270,604
45$5,063,503$3,737,347$3,408,521$4,549,495
46$5,545,885$3,886,381$3,488,611$4,851,886
47$6,076,395$4,041,644$3,570,309$5,180,007
48$6,659,910$4,203,407$3,653,637$5,536,315
49$7,301,800$4,371,953$3,738,613$5,923,509
50$8,007,985$4,547,580$3,825,258$6,344,556
51$8,784,984$4,730,596$3,913,589$6,802,721
52$9,639,984$4,921,327$4,003,625$7,301,595
53$10,580,899$5,120,109$4,095,384$7,845,128
54$11,616,454$5,327,297$4,188,882$8,437,665
55$12,756,258$5,543,261$4,284,136$9,083,987
56$14,010,903$5,768,387$4,381,161$9,789,355
57$15,392,057$6,003,080$4,479,971$10,559,558
58$16,912,578$6,247,762$4,580,582$11,400,968
59$18,586,634$6,502,875$4,683,004$12,320,596
60$20,429,836$6,768,882$4,787,250$13,326,162
61$22,459,387$7,046,264$4,893,331$14,426,162
62$24,694,242$7,335,529$5,001,255$15,629,947
63$27,155,288$7,637,203$5,111,030$16,947,814
64$29,865,541$7,951,840$5,222,663$18,391,098
65$32,850,363$8,280,016$5,336,159$19,972,282
66$36,137,701$8,622,338$5,451,521$21,705,106
67$39,758,350$8,979,436$5,568,751$23,604,702
68$43,746,245$9,351,972$5,687,847$25,687,733
69$48,138,780$9,740,637$5,808,809$27,972,547
70$52,977,163$10,146,155$5,931,631$30,479,352
71$58,306,800$10,569,283$6,056,307$33,230,400
72$64,177,727$11,010,812$6,182,827$36,250,201
73$70,645,084$11,471,570$6,311,180$39,565,748
74$77,769,629$11,952,424$6,441,351$43,206,770
75$85,618,319$12,454,280$6,573,324$47,206,014
76$94,264,935$12,978,087$6,707,078$51,599,549
77$103,790,783$13,524,838$6,842,590$56,427,103
78$114,285,458$14,095,570$6,979,832$61,732,441
79$125,847,692$14,691,371$7,118,774$67,563,769
80$138,586,286$15,313,377$7,259,382$73,974,190
81$152,621,133$15,962,779$7,401,617$81,022,204
82$168,084,355$16,640,821$7,545,437$88,772,254
83$185,121,544$17,348,807$7,690,795$97,295,333
84$203,893,144$18,088,100$7,837,639$106,669,651
85$224,575,957$18,860,129$7,985,912$116,981,372
86$247,364,817$19,666,388$8,135,552$128,325,419
87$272,474,426$20,508,439$8,286,491$140,806,373
88$300,141,386$21,387,921$8,438,657$154,539,451
89$330,626,424$22,306,546$8,591,969$169,651,594
90$364,216,861$23,266,108$8,746,341$186,282,659
91$401,229,318$24,268,485$8,901,681$204,586,736
92$442,012,710$25,315,641$9,057,888$224,733,597
93$486,951,534$26,409,636$9,214,856$246,910,299
94$536,469,505$27,552,622$9,372,468$271,322,937
95$591,033,549$28,746,856$9,530,600$298,198,593
96$651,158,217$29,994,698$9,689,121$327,787,469
97$717,410,538$31,298,620$9,847,889$360,365,247
98$790,415,371$32,661,211$10,006,752$396,235,683
99$870,861,310$34,085,182$10,165,549$435,733,472
100$959,507,178$35,573,369$10,324,109$479,227,399