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

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 $3,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$255,995$253,715$251,490$249,319$247,198$237,766
2 years$126,730$124,370$122,083$119,865$117,714$108,322
3 years$83,648$81,277$78,996$76,799$74,682$65,626
4 years$62,110$59,747$57,489$55,329$53,264$44,613
5 years$49,192$46,843$44,613$42,498$40,490$32,267
6 years$40,582$38,251$36,054$33,986$32,039$24,248
7 years$34,434$32,123$29,961$27,942$26,056$18,696
8 years$29,826$27,535$25,410$23,440$21,616$14,679
9 years$26,243$23,974$21,885$19,965$18,204$11,680
10 years$23,379$21,132$19,080$17,210$15,511$9,388
11 years$21,037$18,813$16,798$14,978$13,340$7,605
12 years$19,087$16,885$14,908$13,138$11,560$6,198
13 years$17,438$15,259$13,319$11,599$10,080$5,076
14 years$16,026$13,870$11,967$10,296$8,836$4,173
15 years$14,803$12,671$10,805$9,182$7,780$3,442
16 years$13,734$11,625$9,796$8,222$6,876$2,846
17 years$12,792$10,706$8,914$7,387$6,097$2,358
18 years$11,956$9,893$8,137$6,657$5,421$1,957
19 years$11,208$9,169$7,449$6,015$4,832$1,626
20 years$10,536$8,520$6,837$5,448$4,316$1,353
21 years$9,929$7,936$6,288$4,945$3,862$1,127
22 years$9,377$7,408$5,796$4,496$3,462$939
23 years$8,875$6,929$5,351$4,094$3,108$783
24 years$8,415$6,492$4,949$3,734$2,793$654
25 years$7,992$6,092$4,584$3,410$2,514$546
26 years$7,603$5,726$4,251$3,118$2,264$456
27 years$7,243$5,389$3,948$2,854$2,041$381
28 years$6,909$5,078$3,670$2,615$1,842$318
29 years$6,599$4,790$3,415$2,398$1,663$266
30 years$6,310$4,524$3,181$2,201$1,503$222
31 years$6,041$4,276$2,966$2,021$1,359$186
32 years$5,788$4,046$2,767$1,858$1,229$156
33 years$5,552$3,832$2,584$1,708$1,112$130
34 years$5,329$3,632$2,414$1,572$1,007$109
35 years$5,120$3,445$2,257$1,447$912$91
36 years$4,924$3,270$2,111$1,333$826$76
37 years$4,738$3,105$1,976$1,228$749$64
38 years$4,562$2,951$1,850$1,132$679$53
39 years$4,396$2,806$1,734$1,043$616$45
40 years$4,238$2,670$1,625$962$559$37
41 years$4,089$2,542$1,524$888$507$31
42 years$3,947$2,420$1,429$819$460$26
43 years$3,812$2,306$1,341$756$417$22
44 years$3,683$2,198$1,259$698$379$18
45 years$3,561$2,096$1,182$645$344$15
46 years$3,444$2,000$1,110$596$312$13
47 years$3,333$1,908$1,043$550$283$11
48 years$3,226$1,822$980$509$257$9
49 years$3,124$1,740$921$470$234$8
50 years$3,027$1,662$866$435$212$6

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 $5,647 every year, while hoping to spend $21,741 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: 50/24/26 Blend
39$3,100,000$3,100,000$3,100,000$3,100,000
40$3,422,025$3,257,725$3,209,675$3,567,756
41$3,747,939$3,394,221$3,294,067$3,806,446
42$4,106,368$3,536,677$3,380,557$4,063,097
43$4,500,605$3,685,362$3,469,193$4,341,626
44$4,934,279$3,840,557$3,560,023$4,644,115
45$5,411,388$4,002,556$3,653,097$4,972,853
46$5,936,337$4,171,669$3,748,463$5,330,361
47$6,513,980$4,348,218$3,846,173$5,719,407
48$7,149,665$4,532,539$3,946,279$6,143,036
49$7,849,284$4,724,987$4,048,833$6,604,599
50$8,619,331$4,925,931$4,153,888$7,107,781
51$9,466,959$5,135,758$4,261,500$7,656,635
52$10,400,052$5,354,873$4,371,723$8,255,623
53$11,427,295$5,583,700$4,484,614$8,909,651
54$12,558,260$5,822,682$4,600,229$9,624,121
55$13,803,493$6,072,284$4,718,627$10,404,977
56$15,174,614$6,332,991$4,839,866$11,258,759
57$16,684,430$6,605,313$4,964,007$12,192,668
58$18,347,050$6,889,781$5,091,109$13,214,629
59$20,178,023$7,186,954$5,221,235$14,333,366
60$22,194,481$7,497,415$5,354,447$15,558,482
61$24,415,305$7,821,775$5,490,808$16,900,552
62$26,861,298$8,160,674$5,630,381$18,371,217
63$29,555,385$8,514,781$5,773,233$19,983,295
64$32,522,827$8,884,798$5,919,429$21,750,898
65$35,791,461$9,271,459$6,069,036$23,689,568
66$39,391,961$9,675,532$6,222,120$25,816,418
67$43,358,131$10,097,822$6,378,750$28,150,295
68$47,727,217$10,539,173$6,538,996$30,711,952
69$52,540,268$11,000,467$6,702,926$33,524,248
70$57,842,512$11,482,627$6,870,612$36,612,357
71$63,683,795$11,986,622$7,042,124$40,004,004
72$70,119,041$12,513,465$7,217,534$43,729,729
73$77,208,776$13,064,218$7,396,914$47,823,168
74$85,019,698$13,639,992$7,580,338$52,321,372
75$93,625,307$14,241,951$7,767,879$57,265,150
76$103,106,596$14,871,315$7,959,610$62,699,459
77$113,552,819$15,529,359$8,155,608$68,673,818
78$125,062,332$16,217,423$8,355,945$75,242,778
79$137,743,519$16,936,906$8,560,699$82,466,432
80$151,715,819$17,689,275$8,769,944$90,410,982
81$167,110,852$18,476,069$8,983,756$99,149,356
82$184,073,658$19,298,896$9,202,211$108,761,898
83$202,764,072$20,159,442$9,425,386$119,337,122
84$223,358,227$21,059,475$9,653,356$130,972,544
85$246,050,222$22,000,844$9,886,199$143,775,596
86$271,053,947$22,985,489$10,123,989$157,864,644
87$298,605,111$24,015,439$10,366,804$173,370,092
88$328,963,458$25,092,821$10,614,718$190,435,617
89$362,415,227$26,219,865$10,867,807$209,219,518
90$399,275,847$27,398,906$11,126,146$229,896,204
91$439,892,920$28,632,389$11,389,808$252,657,839
92$484,649,499$29,922,877$11,658,867$277,716,152
93$533,967,705$31,273,055$11,933,397$305,304,426
94$588,312,712$32,685,736$12,213,467$335,679,701
95$648,197,140$34,163,869$12,499,150$369,125,191
96$714,185,891$35,710,541$12,790,514$405,952,953
97$786,901,482$37,328,988$13,087,626$446,506,828
98$867,029,926$39,022,600$13,390,554$491,165,679
99$955,327,202$40,794,931$13,699,361$540,346,965
100$1,052,626,397$42,649,704$14,014,110$594,510,670