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%16.9%
1 years$247,737$245,530$243,378$241,276$239,224$232,499
2 years$122,642$120,358$118,144$115,998$113,916$107,192
3 years$80,949$78,655$76,447$74,321$72,273$65,760
4 years$60,107$57,820$55,634$53,544$51,546$45,294
5 years$47,605$45,332$43,174$41,127$39,184$33,211
6 years$39,273$37,017$34,891$32,890$31,005$25,317
7 years$33,324$31,087$28,995$27,040$25,216$19,811
8 years$28,864$26,647$24,590$22,684$20,919$15,796
9 years$25,397$23,201$21,179$19,321$17,617$12,770
10 years$22,625$20,450$18,465$16,655$15,010$10,434
11 years$20,359$18,206$16,256$14,495$12,909$8,595
12 years$18,471$16,341$14,427$12,714$11,187$7,127
13 years$16,875$14,767$12,889$11,225$9,755$5,941
14 years$15,509$13,423$11,581$9,964$8,551$4,974
15 years$14,326$12,262$10,456$8,886$7,529$4,178
16 years$13,291$11,250$9,480$7,957$6,654$3,520
17 years$12,379$10,361$8,626$7,149$5,900$2,973
18 years$11,570$9,574$7,875$6,443$5,246$2,515
19 years$10,846$8,873$7,209$5,821$4,676$2,132
20 years$10,196$8,245$6,616$5,272$4,177$1,810
21 years$9,608$7,680$6,086$4,785$3,738$1,538
22 years$9,075$7,169$5,609$4,351$3,350$1,308
23 years$8,589$6,705$5,179$3,962$3,007$1,114
24 years$8,143$6,282$4,789$3,614$2,703$949
25 years$7,734$5,896$4,436$3,300$2,432$809
26 years$7,358$5,541$4,114$3,018$2,191$690
27 years$7,009$5,215$3,820$2,762$1,975$589
28 years$6,686$4,914$3,551$2,531$1,782$502
29 years$6,386$4,636$3,305$2,321$1,610$429
30 years$6,107$4,378$3,078$2,130$1,454$366
31 years$5,846$4,139$2,870$1,956$1,315$313
32 years$5,601$3,916$2,678$1,798$1,189$267
33 years$5,373$3,708$2,500$1,653$1,076$229
34 years$5,158$3,515$2,336$1,521$975$195
35 years$4,955$3,334$2,184$1,400$883$167
36 years$4,765$3,164$2,043$1,290$800$143
37 years$4,585$3,005$1,912$1,188$725$122
38 years$4,415$2,856$1,791$1,095$657$104
39 years$4,254$2,716$1,678$1,010$596$89
40 years$4,101$2,584$1,573$931$541$76
41 years$3,957$2,460$1,475$859$490$65
42 years$3,819$2,342$1,383$793$445$56
43 years$3,689$2,232$1,298$732$404$48
44 years$3,564$2,127$1,218$676$367$41
45 years$3,446$2,029$1,144$624$333$35
46 years$3,333$1,935$1,074$577$302$30
47 years$3,225$1,847$1,009$533$274$26
48 years$3,122$1,763$949$492$249$22
49 years$3,023$1,684$892$455$226$19
50 years$2,929$1,608$838$421$206$16

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 $6,745 every year, while hoping to spend $45,479 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: 58/21/21 Blend
39$3,000,000$3,000,000$3,000,000$3,000,000
40$3,312,957$3,153,957$3,107,457$3,486,190
41$3,602,490$3,260,112$3,163,168$3,710,957
42$3,920,030$3,369,944$3,219,221$3,950,393
43$4,268,387$3,483,585$3,275,579$4,210,435
44$4,650,655$3,601,173$3,332,203$4,493,082
45$5,070,242$3,722,850$3,389,051$4,800,535
46$5,530,900$3,848,764$3,446,078$5,135,216
47$6,036,766$3,979,067$3,503,236$5,499,791
48$6,592,394$4,113,920$3,560,472$5,897,195
49$7,202,802$4,253,486$3,617,732$6,330,661
50$7,873,519$4,397,937$3,674,957$6,803,747
51$8,610,633$4,547,451$3,732,083$7,320,370
52$9,420,855$4,702,214$3,789,045$7,884,845
53$10,311,575$4,862,415$3,845,771$8,501,924
54$11,290,937$5,028,255$3,902,186$9,176,839
55$12,367,913$5,199,940$3,958,209$9,915,353
56$13,552,387$5,377,684$4,013,757$10,723,813
57$14,855,251$5,561,711$4,068,738$11,609,209
58$16,288,503$5,752,251$4,123,057$12,579,241
59$17,865,364$5,949,546$4,176,613$13,642,391
60$19,600,402$6,153,844$4,229,300$14,808,001
61$21,509,665$6,365,404$4,281,004$16,086,362
62$23,610,839$6,584,497$4,331,606$17,488,812
63$25,923,410$6,811,402$4,380,979$19,027,839
64$28,468,846$7,046,410$4,428,991$20,717,201
65$31,270,807$7,289,822$4,475,501$22,572,055
66$34,355,359$7,541,953$4,520,360$24,609,101
67$37,751,225$7,803,129$4,563,412$26,846,734
68$41,490,056$8,073,688$4,604,492$29,305,224
69$45,606,727$8,353,983$4,643,427$32,006,900
70$50,139,665$8,644,381$4,680,034$34,976,368
71$55,131,216$8,945,260$4,714,120$38,240,733
72$60,628,040$9,257,018$4,745,483$41,829,862
73$66,681,554$9,580,066$4,773,910$45,776,665
74$73,348,414$9,914,831$4,799,178$50,117,399
75$80,691,051$10,261,757$4,821,050$54,892,015
76$88,778,263$10,621,307$4,839,279$60,144,534
77$97,685,857$10,993,963$4,853,606$65,923,458
78$107,497,370$11,380,223$4,863,758$72,282,234
79$118,304,856$11,780,607$4,869,448$79,279,749
80$130,209,752$12,195,658$4,870,375$86,980,894
81$143,323,837$12,625,936$4,866,224$95,457,169
82$157,770,290$13,072,028$4,856,663$104,787,361
83$173,684,844$13,534,542$4,841,346$115,058,286
84$191,217,076$14,014,112$4,819,908$126,365,608
85$210,531,811$14,511,397$4,791,969$138,814,739
86$231,810,682$15,027,082$4,757,126$152,521,838
87$255,253,844$15,561,882$4,714,963$167,614,900
88$281,081,861$16,116,538$4,665,038$184,234,970
89$309,537,787$16,691,825$4,606,894$202,537,472
90$340,889,464$17,288,547$4,540,047$222,693,669
91$375,432,044$17,907,540$4,463,993$244,892,290
92$413,490,781$18,549,678$4,378,205$269,341,299
93$455,424,096$19,215,868$4,282,131$296,269,867
94$501,626,963$19,907,054$4,175,191$325,930,528
95$552,534,635$20,624,222$4,056,782$358,601,565
96$608,626,753$21,368,395$3,926,270$394,589,634
97$670,431,876$22,140,640$3,782,994$434,232,660
98$738,532,465$22,942,069$3,626,262$477,903,025
99$813,570,385$23,773,839$3,455,350$526,011,081
100$896,252,962$24,637,155$3,269,502$579,009,026