Can I retire at age 40 with 3,100,000?

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 $3,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$255,995$253,715$251,490$249,319$247,198$245,640
2 years$126,730$124,370$122,083$119,865$117,714$116,142
3 years$83,648$81,277$78,996$76,799$74,682$73,146
4 years$62,110$59,747$57,489$55,329$53,264$51,775
5 years$49,192$46,843$44,613$42,498$40,490$39,052
6 years$40,582$38,251$36,054$33,986$32,039$30,654
7 years$34,434$32,123$29,961$27,942$26,056$24,725
8 years$29,826$27,535$25,410$23,440$21,616$20,339
9 years$26,243$23,974$21,885$19,965$18,204$16,980
10 years$23,379$21,132$19,080$17,210$15,511$14,340
11 years$21,037$18,813$16,798$14,978$13,340$12,221
12 years$19,087$16,885$14,908$13,138$11,560$10,492
13 years$17,438$15,259$13,319$11,599$10,080$9,063
14 years$16,026$13,870$11,967$10,296$8,836$7,868
15 years$14,803$12,671$10,805$9,182$7,780$6,859
16 years$13,734$11,625$9,796$8,222$6,876$6,002
17 years$12,792$10,706$8,914$7,387$6,097$5,267
18 years$11,956$9,893$8,137$6,657$5,421$4,635
19 years$11,208$9,169$7,449$6,015$4,832$4,088
20 years$10,536$8,520$6,837$5,448$4,316$3,612
21 years$9,929$7,936$6,288$4,945$3,862$3,197
22 years$9,377$7,408$5,796$4,496$3,462$2,835
23 years$8,875$6,929$5,351$4,094$3,108$2,516
24 years$8,415$6,492$4,949$3,734$2,793$2,236
25 years$7,992$6,092$4,584$3,410$2,514$1,989
26 years$7,603$5,726$4,251$3,118$2,264$1,771
27 years$7,243$5,389$3,948$2,854$2,041$1,578
28 years$6,909$5,078$3,670$2,615$1,842$1,407
29 years$6,599$4,790$3,415$2,398$1,663$1,256
30 years$6,310$4,524$3,181$2,201$1,503$1,121
31 years$6,041$4,276$2,966$2,021$1,359$1,001
32 years$5,788$4,046$2,767$1,858$1,229$895
33 years$5,552$3,832$2,584$1,708$1,112$800
34 years$5,329$3,632$2,414$1,572$1,007$715
35 years$5,120$3,445$2,257$1,447$912$640
36 years$4,924$3,270$2,111$1,333$826$573
37 years$4,738$3,105$1,976$1,228$749$512
38 years$4,562$2,951$1,850$1,132$679$459
39 years$4,396$2,806$1,734$1,043$616$411
40 years$4,238$2,670$1,625$962$559$368
41 years$4,089$2,542$1,524$888$507$329
42 years$3,947$2,420$1,429$819$460$295
43 years$3,812$2,306$1,341$756$417$264
44 years$3,683$2,198$1,259$698$379$237
45 years$3,561$2,096$1,182$645$344$212
46 years$3,444$2,000$1,110$596$312$190
47 years$3,333$1,908$1,043$550$283$170
48 years$3,226$1,822$980$509$257$153
49 years$3,124$1,740$921$470$234$137
50 years$3,027$1,662$866$435$212$123

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $3,100,000, adding $5,853 every year, while hoping to spend $58,122 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: 38/45/17 Blend
39$3,100,000$3,100,000$3,100,000$3,100,000
40$3,422,237$3,257,937$3,209,887$3,534,565
41$3,709,464$3,355,735$3,255,577$3,713,551
42$4,024,040$3,456,377$3,300,850$3,900,875
43$4,368,694$3,559,940$3,345,629$4,102,090
44$4,746,429$3,666,506$3,389,837$4,318,480
45$5,160,555$3,776,155$3,433,387$4,551,453
46$5,614,717$3,888,972$3,476,191$4,802,560
47$6,112,929$4,005,043$3,518,154$5,073,507
48$6,659,612$4,124,454$3,559,176$5,366,167
49$7,259,636$4,247,296$3,599,152$5,682,605
50$7,918,367$4,373,661$3,637,971$6,025,092
51$8,641,712$4,503,642$3,675,515$6,396,126
52$9,436,183$4,637,337$3,711,661$6,798,456
53$10,308,949$4,774,842$3,746,277$7,235,109
54$11,267,911$4,916,259$3,779,227$7,709,417
55$12,321,772$5,061,689$3,810,365$8,225,047
56$13,480,120$5,211,239$3,839,539$8,786,037
57$14,753,517$5,365,015$3,866,589$9,396,834
58$16,153,601$5,523,126$3,891,345$10,062,332
59$17,693,194$5,685,684$3,913,630$10,787,922
60$19,386,420$5,852,803$3,933,257$11,579,541
61$21,248,844$6,024,600$3,950,031$12,443,726
62$23,297,613$6,201,192$3,963,743$13,387,679
63$25,551,620$6,382,701$3,974,179$14,419,331
64$28,031,682$6,569,250$3,981,111$15,547,416
65$30,760,734$6,760,964$3,984,299$16,781,557
66$33,764,050$6,957,972$3,983,494$18,132,354
67$37,069,473$7,160,403$3,978,431$19,611,483
68$40,707,687$7,368,390$3,968,836$21,231,806
69$44,712,499$7,582,069$3,954,420$23,007,494
70$49,121,158$7,801,575$3,934,878$24,954,158
71$53,974,713$8,027,049$3,909,892$27,088,996
72$59,318,391$8,258,631$3,879,131$29,430,957
73$65,202,029$8,496,466$3,842,244$32,000,917
74$71,680,543$8,740,700$3,798,866$34,821,878
75$78,814,444$8,991,480$3,748,614$37,919,183
76$86,670,411$9,248,957$3,691,087$41,320,754
77$95,321,919$9,513,282$3,625,864$45,057,359
78$104,849,932$9,784,610$3,552,508$49,162,897
79$115,343,665$10,063,095$3,470,557$53,674,722
80$126,901,429$10,348,897$3,379,530$58,633,991
81$139,631,554$10,642,173$3,278,924$64,086,058
82$153,653,417$10,943,084$3,168,213$70,080,895
83$169,098,563$11,251,792$3,046,845$76,673,568
84$186,111,947$11,568,461$2,914,245$83,924,756
85$204,853,305$11,893,254$2,769,811$91,901,321
86$225,498,656$12,226,337$2,612,914$100,676,941
87$248,241,967$12,567,877$2,442,895$110,332,805
88$273,296,984$12,918,038$2,259,068$120,958,380
89$300,899,244$13,276,990$2,060,714$132,652,252
90$331,308,302$13,644,898$1,847,083$145,523,060
91$364,810,180$14,021,929$1,617,392$159,690,521
92$401,720,066$14,408,251$1,370,822$175,286,558
93$442,385,286$14,804,028$1,106,518$192,456,545
94$487,188,586$15,209,427$823,587$211,360,684
95$536,551,743$15,624,610$521,099$232,175,512
96$590,939,545$16,049,740$198,079$255,095,568
97$650,864,177$16,484,976$0$280,335,235
98$716,890,059$16,930,475$0$308,157,357
99$789,639,170$17,386,393$0$338,835,744
100$869,796,919$17,852,880$0$372,621,523