Can I retire at age 40 with 3,000,000?

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 $3,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$247,737$245,530$243,378$241,276$239,224$236,824
2 years$122,642$120,358$118,144$115,998$113,916$111,499
3 years$80,949$78,655$76,447$74,321$72,273$69,914
4 years$60,107$57,820$55,634$53,544$51,546$49,262
5 years$47,605$45,332$43,174$41,127$39,184$36,983
6 years$39,273$37,017$34,891$32,890$31,005$28,890
7 years$33,324$31,087$28,995$27,040$25,216$23,186
8 years$28,864$26,647$24,590$22,684$20,919$18,975
9 years$25,397$23,201$21,179$19,321$17,617$15,759
10 years$22,625$20,450$18,465$16,655$15,010$13,237
11 years$20,359$18,206$16,256$14,495$12,909$11,218
12 years$18,471$16,341$14,427$12,714$11,187$9,577
13 years$16,875$14,767$12,889$11,225$9,755$8,225
14 years$15,509$13,423$11,581$9,964$8,551$7,098
15 years$14,326$12,262$10,456$8,886$7,529$6,151
16 years$13,291$11,250$9,480$7,957$6,654$5,349
17 years$12,379$10,361$8,626$7,149$5,900$4,665
18 years$11,570$9,574$7,875$6,443$5,246$4,079
19 years$10,846$8,873$7,209$5,821$4,676$3,574
20 years$10,196$8,245$6,616$5,272$4,177$3,138
21 years$9,608$7,680$6,086$4,785$3,738$2,759
22 years$9,075$7,169$5,609$4,351$3,350$2,429
23 years$8,589$6,705$5,179$3,962$3,007$2,142
24 years$8,143$6,282$4,789$3,614$2,703$1,890
25 years$7,734$5,896$4,436$3,300$2,432$1,670
26 years$7,358$5,541$4,114$3,018$2,191$1,476
27 years$7,009$5,215$3,820$2,762$1,975$1,306
28 years$6,686$4,914$3,551$2,531$1,782$1,157
29 years$6,386$4,636$3,305$2,321$1,610$1,025
30 years$6,107$4,378$3,078$2,130$1,454$908
31 years$5,846$4,139$2,870$1,956$1,315$805
32 years$5,601$3,916$2,678$1,798$1,189$714
33 years$5,373$3,708$2,500$1,653$1,076$634
34 years$5,158$3,515$2,336$1,521$975$562
35 years$4,955$3,334$2,184$1,400$883$499
36 years$4,765$3,164$2,043$1,290$800$443
37 years$4,585$3,005$1,912$1,188$725$394
38 years$4,415$2,856$1,791$1,095$657$350
39 years$4,254$2,716$1,678$1,010$596$311
40 years$4,101$2,584$1,573$931$541$276
41 years$3,957$2,460$1,475$859$490$245
42 years$3,819$2,342$1,383$793$445$218
43 years$3,689$2,232$1,298$732$404$194
44 years$3,564$2,127$1,218$676$367$172
45 years$3,446$2,029$1,144$624$333$153
46 years$3,333$1,935$1,074$577$302$136
47 years$3,225$1,847$1,009$533$274$121
48 years$3,122$1,763$949$492$249$108
49 years$3,023$1,684$892$455$226$96
50 years$2,929$1,608$838$421$206$85

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $3,000,000, adding $2,990 every year, while hoping to spend $30,795 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: 51/36/13 Blend
39$3,000,000$3,000,000$3,000,000$3,000,000
40$3,309,084$3,150,084$3,103,584$3,466,123
41$3,613,845$3,271,673$3,174,789$3,695,542
42$3,948,660$3,398,187$3,247,346$3,941,316
43$4,316,560$3,529,836$3,321,270$4,207,810
44$4,720,889$3,666,837$3,396,572$4,496,986
45$5,165,326$3,809,419$3,473,264$4,811,001
46$5,653,928$3,957,819$3,551,356$5,152,226
47$6,191,162$4,112,285$3,630,860$5,523,265
48$6,781,950$4,273,076$3,711,783$5,926,986
49$7,431,716$4,440,465$3,794,136$6,366,539
50$8,146,436$4,614,732$3,877,924$6,845,392
51$8,932,693$4,796,174$3,963,154$7,367,356
52$9,797,740$4,985,099$4,049,833$7,936,625
53$10,749,571$5,181,830$4,137,963$8,557,815
54$11,796,990$5,386,704$4,227,549$9,236,001
55$12,949,702$5,600,071$4,318,591$9,976,771
56$14,218,398$5,822,300$4,411,089$10,786,271
57$15,614,856$6,053,775$4,505,043$11,671,268
58$17,152,059$6,294,897$4,600,449$12,639,207
59$18,844,307$6,546,085$4,697,302$13,698,285
60$20,707,361$6,807,778$4,795,596$14,857,524
61$22,758,585$7,080,433$4,895,322$16,126,855
62$25,017,116$7,364,529$4,996,470$17,517,212
63$27,504,037$7,660,566$5,099,027$19,040,632
64$30,242,582$7,969,066$5,202,978$20,710,369
65$33,258,352$8,290,577$5,308,304$22,541,015
66$36,579,558$8,625,670$5,414,987$24,548,637
67$40,237,286$8,974,941$5,523,002$26,750,931
68$44,265,790$9,339,014$5,632,324$29,167,378
69$48,702,818$9,718,543$5,742,923$31,819,438
70$53,589,962$10,114,209$5,854,769$34,730,739
71$58,973,059$10,526,725$5,967,823$37,927,307
72$64,902,614$10,956,838$6,082,049$41,437,804
73$71,434,284$11,405,327$6,197,401$45,293,798
74$78,629,400$11,873,007$6,313,833$49,530,062
75$86,555,546$12,360,731$6,431,294$54,184,892
76$95,287,196$12,869,391$6,549,726$59,300,476
77$104,906,419$13,399,920$6,669,070$64,923,281
78$115,503,650$13,953,292$6,789,260$71,104,494
79$127,178,546$14,530,528$6,910,225$77,900,499
80$140,040,929$15,132,694$7,031,888$85,373,412
81$154,211,814$15,760,907$7,154,167$93,591,656
82$169,824,562$16,416,334$7,276,974$102,630,612
83$187,026,128$17,100,196$7,400,214$112,573,320
84$205,978,458$17,813,770$7,523,786$123,511,266
85$226,860,008$18,558,392$7,647,581$135,545,236
86$249,867,437$19,335,461$7,771,482$148,786,270
87$275,217,456$20,146,439$7,895,368$163,356,698
88$303,148,879$20,992,857$8,019,105$179,391,300
89$333,924,873$21,876,315$8,142,553$197,038,568
90$367,835,445$22,798,490$8,265,563$216,462,103
91$405,200,177$23,761,133$8,387,977$237,842,158
92$446,371,246$24,766,079$8,509,625$261,377,335
93$491,736,745$25,815,249$8,630,329$287,286,449
94$541,724,346$26,910,650$8,749,898$315,810,596
95$596,805,343$28,054,384$8,868,133$347,215,419
96$657,499,092$29,248,653$8,984,820$381,793,609
97$724,377,921$30,495,759$9,099,733$419,867,665
98$798,072,529$31,798,112$9,212,634$461,792,932
99$879,277,942$33,158,233$9,323,272$507,960,946
100$968,760,069$34,578,764$9,431,379$558,803,127