Can I retire at age 40 with 2,990,000?

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 $2,990,000?

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$246,911$244,712$242,566$240,472$238,427$232,004
2 years$122,233$119,957$117,751$115,611$113,537$107,112
3 years$80,679$78,393$76,192$74,073$72,032$65,806
4 years$59,907$57,627$55,449$53,366$51,374$45,395
5 years$47,446$45,180$43,030$40,990$39,054$33,338
6 years$39,142$36,893$34,775$32,780$30,902$25,455
7 years$33,213$30,983$28,898$26,950$25,131$19,953
8 years$28,768$26,558$24,508$22,608$20,849$15,937
9 years$25,312$23,124$21,109$19,257$17,558$12,908
10 years$22,550$20,382$18,403$16,600$14,960$10,566
11 years$20,291$18,145$16,202$14,447$12,866$8,721
12 years$18,410$16,286$14,379$12,672$11,150$7,246
13 years$16,819$14,718$12,846$11,187$9,723$6,052
14 years$15,457$13,378$11,542$9,931$8,523$5,077
15 years$14,278$12,221$10,421$8,856$7,504$4,274
16 years$13,247$11,213$9,448$7,930$6,632$3,608
17 years$12,338$10,326$8,598$7,125$5,881$3,054
18 years$11,531$9,542$7,849$6,421$5,229$2,590
19 years$10,810$8,844$7,185$5,802$4,660$2,200
20 years$10,162$8,218$6,594$5,255$4,163$1,872
21 years$9,576$7,655$6,065$4,769$3,725$1,594
22 years$9,045$7,145$5,590$4,336$3,339$1,359
23 years$8,560$6,683$5,161$3,949$2,997$1,160
24 years$8,116$6,261$4,773$3,602$2,694$991
25 years$7,709$5,876$4,421$3,289$2,424$846
26 years$7,333$5,523$4,100$3,008$2,184$724
27 years$6,986$5,197$3,808$2,753$1,969$619
28 years$6,664$4,897$3,540$2,522$1,777$530
29 years$6,365$4,620$3,294$2,313$1,604$453
30 years$6,086$4,363$3,068$2,123$1,449$388
31 years$5,826$4,125$2,860$1,950$1,310$332
32 years$5,583$3,903$2,669$1,792$1,185$285
33 years$5,355$3,696$2,492$1,648$1,073$244
34 years$5,140$3,503$2,328$1,516$971$209
35 years$4,939$3,323$2,177$1,396$880$179
36 years$4,749$3,154$2,036$1,285$797$154
37 years$4,570$2,995$1,906$1,184$722$132
38 years$4,400$2,846$1,785$1,091$655$113
39 years$4,240$2,707$1,672$1,006$594$97
40 years$4,088$2,575$1,567$928$539$83
41 years$3,944$2,451$1,470$856$489$71
42 years$3,807$2,335$1,379$790$443$61
43 years$3,676$2,224$1,294$730$402$52
44 years$3,553$2,120$1,214$674$365$45
45 years$3,434$2,022$1,140$622$332$38
46 years$3,322$1,929$1,071$575$301$33
47 years$3,214$1,841$1,006$531$273$28
48 years$3,112$1,757$945$491$248$24
49 years$3,013$1,678$889$453$226$21
50 years$2,919$1,603$835$419$205$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,990,000, adding $2,365 every year, while hoping to spend $26,777 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: 39/49/12 Blend
39$2,990,000$2,990,000$2,990,000$2,990,000
40$3,297,419$3,138,949$3,092,604$3,413,996
41$3,605,266$3,264,268$3,167,716$3,622,129
42$3,943,615$3,394,829$3,244,447$3,844,232
43$4,315,550$3,530,862$3,322,822$4,083,787
44$4,724,467$3,672,605$3,402,868$4,342,381
45$5,174,110$3,820,309$3,484,611$4,621,755
46$5,668,599$3,974,235$3,568,075$4,923,816
47$6,212,479$4,134,655$3,653,288$5,250,661
48$6,810,753$4,301,855$3,740,275$5,604,591
49$7,468,936$4,476,132$3,829,061$5,988,132
50$8,193,104$4,657,799$3,919,671$6,404,059
51$8,989,951$4,847,181$4,012,129$6,855,419
52$9,866,852$5,044,618$4,106,462$7,345,561
53$10,831,934$5,250,468$4,202,692$7,878,163
54$11,894,153$5,465,103$4,300,844$8,457,269
55$13,063,376$5,688,912$4,400,941$9,087,322
56$14,350,473$5,922,301$4,503,005$9,773,207
57$15,767,425$6,165,698$4,607,060$10,520,295
58$17,327,433$6,419,548$4,713,127$11,334,491
59$19,045,040$6,684,315$4,821,226$12,222,287
60$20,936,275$6,960,487$4,931,378$13,190,825
61$23,018,799$7,248,575$5,043,602$14,247,959
62$25,312,071$7,549,109$5,157,918$15,402,330
63$27,837,535$7,862,649$5,274,341$16,663,442
64$30,618,821$8,189,776$5,392,889$18,041,753
65$33,681,967$8,531,101$5,513,577$19,548,768
66$37,055,665$8,887,262$5,636,419$21,197,149
67$40,771,531$9,258,926$5,761,427$23,000,829
68$44,864,406$9,646,792$5,888,613$24,975,141
69$49,372,680$10,051,590$6,017,986$27,136,963
70$54,338,659$10,474,084$6,149,555$29,504,870
71$59,808,962$10,915,074$6,283,325$32,099,310
72$65,834,961$11,375,397$6,419,301$34,942,792
73$72,473,264$11,855,929$6,557,485$38,060,097
74$79,786,253$12,357,585$6,697,877$41,478,505
75$87,842,670$12,881,326$6,840,474$45,228,054
76$96,718,265$13,428,153$6,985,273$49,341,815
77$106,496,513$13,999,118$7,132,265$53,856,202
78$117,269,402$14,595,319$7,281,440$58,811,314
79$129,138,298$15,217,907$7,432,785$64,251,306
80$142,214,905$15,868,085$7,586,284$70,224,803
81$156,622,318$16,547,113$7,741,917$76,785,354
82$172,496,183$17,256,311$7,899,661$83,991,932
83$189,985,983$17,997,059$8,059,488$91,909,489
84$209,256,440$18,770,802$8,221,368$100,609,558
85$230,489,079$19,579,053$8,385,265$110,170,928
86$253,883,933$20,423,395$8,551,141$120,680,379
87$279,661,440$21,305,487$8,718,949$132,233,497
88$308,064,514$22,227,064$8,888,642$144,935,569
89$339,360,847$23,189,942$9,060,163$158,902,569
90$373,845,429$24,196,025$9,233,454$174,262,251
91$411,843,336$25,247,303$9,408,448$191,155,340
92$453,712,799$26,345,863$9,585,074$209,736,860
93$499,848,582$27,493,888$9,763,251$230,177,587
94$550,685,712$28,693,664$9,942,895$252,665,650
95$606,703,587$29,947,585$10,123,914$277,408,305
96$668,430,494$31,258,158$10,306,207$304,633,876
97$736,448,605$32,628,009$10,489,665$334,593,904
98$811,399,466$34,059,885$10,674,172$367,565,512
99$893,990,058$35,556,666$10,859,604$403,854,011
100$984,999,468$37,121,366$11,045,824$443,795,769