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

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 $2,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$246,911$244,712$242,566$240,472$238,427$228,967
2 years$122,233$119,957$117,751$115,611$113,537$104,123
3 years$80,679$78,393$76,192$74,073$72,032$62,962
4 years$59,907$57,627$55,449$53,366$51,374$42,715
5 years$47,446$45,180$43,030$40,990$39,054$30,829
6 years$39,142$36,893$34,775$32,780$30,902$23,116
7 years$33,213$30,983$28,898$26,950$25,131$17,782
8 years$28,768$26,558$24,508$22,608$20,849$13,929
9 years$25,312$23,124$21,109$19,257$17,558$11,056
10 years$22,550$20,382$18,403$16,600$14,960$8,864
11 years$20,291$18,145$16,202$14,447$12,866$7,162
12 years$18,410$16,286$14,379$12,672$11,150$5,821
13 years$16,819$14,718$12,846$11,187$9,723$4,754
14 years$15,457$13,378$11,542$9,931$8,523$3,898
15 years$14,278$12,221$10,421$8,856$7,504$3,205
16 years$13,247$11,213$9,448$7,930$6,632$2,642
17 years$12,338$10,326$8,598$7,125$5,881$2,183
18 years$11,531$9,542$7,849$6,421$5,229$1,806
19 years$10,810$8,844$7,185$5,802$4,660$1,497
20 years$10,162$8,218$6,594$5,255$4,163$1,241
21 years$9,576$7,655$6,065$4,769$3,725$1,031
22 years$9,045$7,145$5,590$4,336$3,339$856
23 years$8,560$6,683$5,161$3,949$2,997$712
24 years$8,116$6,261$4,773$3,602$2,694$592
25 years$7,709$5,876$4,421$3,289$2,424$493
26 years$7,333$5,523$4,100$3,008$2,184$410
27 years$6,986$5,197$3,808$2,753$1,969$342
28 years$6,664$4,897$3,540$2,522$1,777$285
29 years$6,365$4,620$3,294$2,313$1,604$237
30 years$6,086$4,363$3,068$2,123$1,449$198
31 years$5,826$4,125$2,860$1,950$1,310$165
32 years$5,583$3,903$2,669$1,792$1,185$137
33 years$5,355$3,696$2,492$1,648$1,073$114
34 years$5,140$3,503$2,328$1,516$971$95
35 years$4,939$3,323$2,177$1,396$880$80
36 years$4,749$3,154$2,036$1,285$797$66
37 years$4,570$2,995$1,906$1,184$722$55
38 years$4,400$2,846$1,785$1,091$655$46
39 years$4,240$2,707$1,672$1,006$594$38
40 years$4,088$2,575$1,567$928$539$32
41 years$3,944$2,451$1,470$856$489$27
42 years$3,807$2,335$1,379$790$443$22
43 years$3,676$2,224$1,294$730$402$19
44 years$3,553$2,120$1,214$674$365$16
45 years$3,434$2,022$1,140$622$332$13
46 years$3,322$1,929$1,071$575$301$11
47 years$3,214$1,841$1,006$531$273$9
48 years$3,112$1,757$945$491$248$8
49 years$3,013$1,678$889$453$226$6
50 years$2,919$1,603$835$419$205$5

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 $5,812 every year, while hoping to spend $21,656 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: 30/44/26 Blend
39$2,990,000$2,990,000$2,990,000$2,990,000
40$3,300,975$3,142,505$3,096,160$3,373,361
41$3,614,633$3,273,446$3,176,840$3,560,940
42$3,959,558$3,410,077$3,259,496$3,760,291
43$4,338,916$3,552,655$3,344,173$3,974,314
44$4,756,197$3,701,446$3,430,914$4,204,299
45$5,215,244$3,856,732$3,519,765$4,451,657
46$5,720,292$4,018,805$3,610,770$4,717,936
47$6,276,007$4,187,972$3,703,976$5,004,833
48$6,887,531$4,364,554$3,799,431$5,314,209
49$7,560,529$4,548,887$3,897,181$5,648,104
50$8,301,242$4,741,321$3,997,276$6,008,757
51$9,116,549$4,942,226$4,099,765$6,398,625
52$10,014,027$5,151,985$4,204,697$6,820,404
53$11,002,027$5,371,001$4,312,123$7,277,055
54$12,089,750$5,599,696$4,422,095$7,771,828
55$13,287,334$5,838,511$4,534,666$8,308,291
56$14,605,952$6,087,908$4,649,886$8,890,367
57$16,057,912$6,348,369$4,767,811$9,522,361
58$17,656,781$6,620,401$4,888,494$10,209,007
59$19,417,504$6,904,532$5,011,990$10,955,506
60$21,356,553$7,201,317$5,138,355$11,767,572
61$23,492,076$7,511,337$5,267,645$12,651,490
62$25,844,073$7,835,197$5,399,917$13,614,166
63$28,434,582$8,173,535$5,535,227$14,663,195
64$31,287,886$8,527,016$5,673,634$15,806,929
65$34,430,746$8,896,335$5,815,197$17,054,551
66$37,892,651$9,282,224$5,959,974$18,416,163
67$41,706,093$9,685,445$6,108,025$19,902,877
68$45,906,881$10,106,798$6,259,410$21,526,915
69$50,534,472$10,547,120$6,414,190$23,301,725
70$55,632,348$11,007,289$6,572,425$25,242,103
71$61,248,423$11,488,222$6,734,177$27,364,330
72$67,435,498$11,990,880$6,899,507$29,686,321
73$74,251,756$12,516,270$7,068,478$32,227,795
74$81,761,314$13,065,446$7,241,151$35,010,450
75$90,034,827$13,639,512$7,417,588$38,058,173
76$99,150,155$14,239,624$7,597,853$41,397,254
77$109,193,097$14,866,992$7,782,008$45,056,634
78$120,258,203$15,522,885$7,970,115$49,068,172
79$132,449,662$16,208,629$8,162,237$53,466,946
80$145,882,292$16,925,616$8,358,436$58,291,570
81$160,682,618$17,675,303$8,558,775$63,584,564
82$176,990,067$18,459,215$8,763,316$69,392,744
83$194,958,287$19,278,950$8,972,121$75,767,660
84$214,756,596$20,136,182$9,185,250$82,766,078
85$236,571,578$21,032,664$9,402,765$90,450,507
86$260,608,847$21,970,233$9,624,726$98,889,788
87$287,094,987$22,950,811$9,851,192$108,159,734
88$316,279,690$23,976,416$10,082,221$118,343,839
89$348,438,115$25,049,157$10,317,873$129,534,060
90$383,873,483$26,171,246$10,558,202$141,831,679
91$422,919,941$27,345,000$10,803,264$155,348,249
92$465,945,716$28,572,846$11,053,114$170,206,640
93$513,356,590$29,857,326$11,307,805$186,542,192
94$565,599,732$31,201,105$11,567,386$204,503,983
95$623,167,919$32,606,973$11,831,908$224,256,227
96$686,604,187$34,077,855$12,101,417$245,979,812
97$756,506,958$35,616,814$12,375,958$269,874,006
98$833,535,689$37,227,060$12,655,575$296,158,316
99$918,417,100$38,911,956$12,940,307$325,074,560
100$1,011,952,028$40,675,026$13,230,191$356,889,132