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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.6%
1 years$241,957$239,801$237,699$235,646$233,642$227,349
2 years$119,781$117,550$115,388$113,292$111,258$104,962
3 years$79,060$76,820$74,664$72,587$70,587$64,486
4 years$58,704$56,471$54,336$52,295$50,343$44,484
5 years$46,494$44,274$42,167$40,167$38,270$32,669
6 years$38,356$36,153$34,077$32,122$30,282$24,944
7 years$32,546$30,361$28,318$26,409$24,627$19,553
8 years$28,190$26,025$24,016$22,154$20,431$15,617
9 years$24,804$22,660$20,685$18,870$17,206$12,649
10 years$22,097$19,973$18,034$16,267$14,660$10,354
11 years$19,884$17,781$15,877$14,157$12,608$8,546
12 years$18,040$15,959$14,090$12,417$10,926$7,100
13 years$16,482$14,423$12,589$10,963$9,528$5,931
14 years$15,147$13,110$11,311$9,731$8,352$4,975
15 years$13,991$11,976$10,212$8,679$7,354$4,188
16 years$12,981$10,988$9,259$7,771$6,499$3,536
17 years$12,091$10,119$8,425$6,982$5,763$2,993
18 years$11,300$9,351$7,691$6,292$5,124$2,538
19 years$10,593$8,666$7,041$5,686$4,567$2,156
20 years$9,958$8,053$6,462$5,149$4,079$1,834
21 years$9,384$7,501$5,944$4,673$3,651$1,562
22 years$8,863$7,002$5,478$4,249$3,272$1,332
23 years$8,388$6,549$5,058$3,870$2,937$1,137
24 years$7,953$6,136$4,678$3,530$2,640$971
25 years$7,554$5,758$4,332$3,223$2,376$829
26 years$7,186$5,412$4,018$2,947$2,140$709
27 years$6,846$5,093$3,731$2,698$1,929$607
28 years$6,530$4,799$3,469$2,472$1,741$519
29 years$6,237$4,527$3,228$2,267$1,572$444
30 years$5,964$4,276$3,007$2,080$1,420$380
31 years$5,709$4,042$2,803$1,910$1,284$326
32 years$5,471$3,824$2,615$1,756$1,162$279
33 years$5,247$3,622$2,442$1,615$1,051$239
34 years$5,037$3,433$2,282$1,486$952$205
35 years$4,840$3,256$2,133$1,368$862$176
36 years$4,654$3,090$1,995$1,259$781$150
37 years$4,478$2,935$1,868$1,160$708$129
38 years$4,312$2,789$1,749$1,070$642$111
39 years$4,155$2,652$1,639$986$582$95
40 years$4,006$2,524$1,536$910$528$81
41 years$3,865$2,402$1,440$839$479$70
42 years$3,730$2,288$1,351$775$435$60
43 years$3,603$2,180$1,268$715$394$51
44 years$3,481$2,078$1,190$660$358$44
45 years$3,366$1,981$1,117$610$325$38
46 years$3,255$1,890$1,049$563$295$32
47 years$3,150$1,804$986$520$268$28
48 years$3,049$1,722$926$481$243$24
49 years$2,953$1,644$871$444$221$20
50 years$2,861$1,571$819$411$201$17

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 $5,920 every year, while hoping to spend $22,249 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: 51/34/15 Blend
39$2,930,000$2,930,000$2,930,000$2,930,000
40$3,234,966$3,079,676$3,034,261$3,386,450
41$3,541,260$3,206,908$3,112,236$3,618,254
42$3,878,050$3,339,628$3,192,078$3,867,305
43$4,248,424$3,478,082$3,273,825$4,137,573
44$4,655,782$3,622,527$3,357,517$4,431,067
45$5,103,872$3,773,231$3,443,194$4,749,996
46$5,596,824$3,930,476$3,530,898$5,096,785
47$6,139,185$4,094,555$3,620,668$5,474,105
48$6,735,970$4,265,776$3,712,548$5,884,887
49$7,392,699$4,444,459$3,806,579$6,332,357
50$8,115,460$4,630,943$3,902,805$6,820,062
51$8,910,956$4,825,579$4,001,268$7,351,903
52$9,786,577$5,028,735$4,102,014$7,932,169
53$10,750,461$5,240,797$4,205,085$8,565,581
54$11,811,580$5,462,167$4,310,527$9,257,331
55$12,979,817$5,693,269$4,418,385$10,013,132
56$14,266,063$5,934,544$4,528,706$10,839,268
57$15,682,319$6,186,454$4,641,535$11,742,657
58$17,241,807$6,449,483$4,756,919$12,730,911
59$18,959,101$6,724,137$4,874,905$13,812,406
60$20,850,255$7,010,945$4,995,540$14,996,363
61$22,932,963$7,310,463$5,118,872$16,292,931
62$25,226,720$7,623,271$5,244,949$17,713,282
63$27,753,010$7,949,976$5,373,820$19,269,714
64$30,535,507$8,291,214$5,505,532$20,975,766
65$33,600,296$8,647,652$5,640,136$22,846,345
66$36,976,125$9,019,985$5,777,678$24,897,862
67$40,694,668$9,408,943$5,918,209$27,148,389
68$44,790,833$9,815,290$6,061,778$29,617,823
69$49,303,084$10,239,825$6,208,433$32,328,076
70$54,273,807$10,683,385$6,358,225$35,303,274
71$59,749,712$11,146,847$6,511,201$38,569,990
72$65,782,267$11,631,127$6,667,412$42,157,487
73$72,428,193$12,137,188$6,826,905$46,097,991
74$79,749,992$12,666,033$6,989,729$50,426,996
75$87,816,539$13,218,716$7,155,933$55,183,596
76$96,703,734$13,796,341$7,325,564$60,410,847
77$106,495,214$14,400,061$7,498,670$66,156,176
78$117,283,148$15,031,086$7,675,297$72,471,822
79$129,169,102$15,690,682$7,855,493$79,415,325
80$142,265,000$16,380,175$8,039,301$87,050,070
81$156,694,180$17,100,954$8,226,768$95,445,877
82$172,592,558$17,854,472$8,417,936$104,679,659
83$190,109,911$18,642,254$8,612,850$114,836,144
84$209,411,291$19,465,893$8,811,549$126,008,671
85$230,678,582$20,327,061$9,014,075$138,300,063
86$254,112,218$21,227,508$9,220,468$151,823,600
87$279,933,074$22,169,066$9,430,763$166,704,076
88$308,384,552$23,153,654$9,644,998$183,078,980
89$339,734,877$24,183,284$9,863,206$201,099,781
90$374,279,631$25,260,061$10,085,420$220,933,359
91$412,344,542$26,386,192$10,311,670$242,763,572
92$454,288,557$27,563,988$10,541,983$266,792,983
93$500,507,236$28,795,869$10,776,385$293,244,773
94$551,436,479$30,084,372$11,014,899$322,364,835
95$607,556,647$31,432,153$11,257,544$354,424,092
96$669,397,091$32,841,994$11,504,339$389,721,045
97$737,541,155$34,316,813$11,755,295$428,584,588
98$812,631,679$35,859,663$12,010,423$471,377,100
99$895,377,068$37,473,744$12,269,730$518,497,863
100$986,557,980$39,162,409$12,533,218$570,386,818