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

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 $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%17.2%
1 years$247,737$245,530$243,378$241,276$239,224$232,218
2 years$122,642$120,358$118,144$115,998$113,916$106,914
3 years$80,949$78,655$76,447$74,321$72,273$65,495
4 years$60,107$57,820$55,634$53,544$51,546$45,043
5 years$47,605$45,332$43,174$41,127$39,184$32,975
6 years$39,273$37,017$34,891$32,890$31,005$25,095
7 years$33,324$31,087$28,995$27,040$25,216$19,605
8 years$28,864$26,647$24,590$22,684$20,919$15,604
9 years$25,397$23,201$21,179$19,321$17,617$12,592
10 years$22,625$20,450$18,465$16,655$15,010$10,269
11 years$20,359$18,206$16,256$14,495$12,909$8,443
12 years$18,471$16,341$14,427$12,714$11,187$6,987
13 years$16,875$14,767$12,889$11,225$9,755$5,813
14 years$15,509$13,423$11,581$9,964$8,551$4,856
15 years$14,326$12,262$10,456$8,886$7,529$4,071
16 years$13,291$11,250$9,480$7,957$6,654$3,422
17 years$12,379$10,361$8,626$7,149$5,900$2,884
18 years$11,570$9,574$7,875$6,443$5,246$2,435
19 years$10,846$8,873$7,209$5,821$4,676$2,059
20 years$10,196$8,245$6,616$5,272$4,177$1,744
21 years$9,608$7,680$6,086$4,785$3,738$1,478
22 years$9,075$7,169$5,609$4,351$3,350$1,254
23 years$8,589$6,705$5,179$3,962$3,007$1,065
24 years$8,143$6,282$4,789$3,614$2,703$906
25 years$7,734$5,896$4,436$3,300$2,432$770
26 years$7,358$5,541$4,114$3,018$2,191$655
27 years$7,009$5,215$3,820$2,762$1,975$558
28 years$6,686$4,914$3,551$2,531$1,782$475
29 years$6,386$4,636$3,305$2,321$1,610$404
30 years$6,107$4,378$3,078$2,130$1,454$345
31 years$5,846$4,139$2,870$1,956$1,315$294
32 years$5,601$3,916$2,678$1,798$1,189$250
33 years$5,373$3,708$2,500$1,653$1,076$213
34 years$5,158$3,515$2,336$1,521$975$182
35 years$4,955$3,334$2,184$1,400$883$155
36 years$4,765$3,164$2,043$1,290$800$132
37 years$4,585$3,005$1,912$1,188$725$113
38 years$4,415$2,856$1,791$1,095$657$96
39 years$4,254$2,716$1,678$1,010$596$82
40 years$4,101$2,584$1,573$931$541$70
41 years$3,957$2,460$1,475$859$490$60
42 years$3,819$2,342$1,383$793$445$51
43 years$3,689$2,232$1,298$732$404$43
44 years$3,564$2,127$1,218$676$367$37
45 years$3,446$2,029$1,144$624$333$32
46 years$3,333$1,935$1,074$577$302$27
47 years$3,225$1,847$1,009$533$274$23
48 years$3,122$1,763$949$492$249$20
49 years$3,023$1,684$892$455$226$17
50 years$2,929$1,608$838$421$206$14

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 $5,632 every year, while hoping to spend $39,512 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: 30/48/22 Blend
39$3,000,000$3,000,000$3,000,000$3,000,000
40$3,311,809$3,152,809$3,106,309$3,388,311
41$3,607,574$3,265,257$3,168,330$3,559,754
42$3,932,181$3,381,889$3,231,105$3,740,151
43$4,288,533$3,502,871$3,294,616$3,933,402
44$4,679,824$3,628,372$3,358,846$4,140,646
45$5,109,573$3,758,569$3,423,774$4,363,130
46$5,581,657$3,893,647$3,489,378$4,602,223
47$6,100,347$4,033,797$3,555,634$4,859,430
48$6,670,348$4,179,219$3,622,513$5,136,400
49$7,296,845$4,330,122$3,689,988$5,434,945
50$7,985,546$4,486,721$3,758,027$5,757,055
51$8,742,745$4,649,243$3,826,593$6,104,916
52$9,575,372$4,817,923$3,895,651$6,480,929
53$10,491,065$4,993,006$3,965,160$6,887,733
54$11,498,236$5,174,746$4,035,076$7,328,229
55$12,606,157$5,363,410$4,105,352$7,805,605
56$13,825,042$5,559,274$4,175,938$8,323,364
57$15,166,145$5,762,627$4,246,781$8,885,362
58$16,641,865$5,973,769$4,317,821$9,495,835
59$18,265,864$6,193,013$4,388,997$10,159,444
60$20,053,198$6,420,685$4,460,244$10,881,316
61$22,020,452$6,657,127$4,531,490$11,667,089
62$24,185,903$6,902,691$4,602,660$12,522,968
63$26,569,691$7,157,749$4,673,674$13,455,777
64$29,194,004$7,422,684$4,744,448$14,473,028
65$32,083,296$7,697,898$4,814,890$15,582,986
66$35,264,507$7,983,810$4,884,904$16,794,748
67$38,767,327$8,280,857$4,954,388$18,118,324
68$42,624,468$8,589,493$5,023,234$19,564,735
69$46,871,978$8,910,192$5,091,326$21,146,111
70$51,549,578$9,243,450$5,158,544$22,875,805
71$56,701,038$9,589,782$5,224,758$24,768,518
72$62,374,589$9,949,727$5,289,833$26,840,436
73$68,623,379$10,323,845$5,353,624$29,109,379
74$75,505,973$10,712,722$5,415,980$31,594,970
75$83,086,906$11,116,970$5,476,739$34,318,814
76$91,437,293$11,537,224$5,535,732$37,304,705
77$100,635,498$11,974,149$5,592,781$40,578,845
78$110,767,876$12,428,440$5,647,696$44,170,088
79$121,929,584$12,900,818$5,700,279$48,110,213
80$134,225,483$13,392,040$5,750,320$52,434,220
81$147,771,125$13,902,893$5,797,598$57,180,657
82$162,693,844$14,434,198$5,841,882$62,391,981
83$179,133,957$14,986,815$5,882,926$68,114,958
84$197,246,090$15,561,638$5,920,473$74,401,101
85$217,200,635$16,159,602$5,954,253$81,307,150
86$239,185,361$16,781,683$5,983,981$88,895,609
87$263,407,181$17,428,900$6,009,358$97,235,327
88$290,094,112$18,102,314$6,030,070$106,402,153
89$319,497,421$18,803,037$6,045,787$116,479,638
90$351,893,999$19,532,227$6,056,162$127,559,829
91$387,588,976$20,291,095$6,060,832$139,744,127
92$426,918,596$21,080,903$6,059,415$153,144,245
93$470,253,397$21,902,972$6,051,509$167,883,257
94$518,001,705$22,758,679$6,036,696$184,096,754
95$570,613,488$23,649,463$6,014,534$201,934,119
96$628,584,604$24,576,827$5,984,561$221,559,936
97$692,461,483$25,542,341$5,946,294$243,155,535
98$762,846,283$26,547,644$5,899,223$266,920,700
99$840,402,575$27,594,450$5,842,818$293,075,550
100$925,861,607$28,684,547$5,776,522$321,862,610