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%16.1%
1 years$255,995$253,715$251,490$249,319$247,198$241,027
2 years$126,730$124,370$122,083$119,865$117,714$111,535
3 years$83,648$81,277$78,996$76,799$74,682$68,690
4 years$62,110$59,747$57,489$55,329$53,264$47,504
5 years$49,192$46,843$44,613$42,498$40,490$34,978
6 years$40,582$38,251$36,054$33,986$32,039$26,780
7 years$34,434$32,123$29,961$27,942$26,056$21,052
8 years$29,826$27,535$25,410$23,440$21,616$16,864
9 years$26,243$23,974$21,885$19,965$18,204$13,700
10 years$23,379$21,132$19,080$17,210$15,511$11,249
11 years$21,037$18,813$16,798$14,978$13,340$9,315
12 years$19,087$16,885$14,908$13,138$11,560$7,765
13 years$17,438$15,259$13,319$11,599$10,080$6,507
14 years$16,026$13,870$11,967$10,296$8,836$5,478
15 years$14,803$12,671$10,805$9,182$7,780$4,627
16 years$13,734$11,625$9,796$8,222$6,876$3,921
17 years$12,792$10,706$8,914$7,387$6,097$3,330
18 years$11,956$9,893$8,137$6,657$5,421$2,835
19 years$11,208$9,169$7,449$6,015$4,832$2,417
20 years$10,536$8,520$6,837$5,448$4,316$2,064
21 years$9,929$7,936$6,288$4,945$3,862$1,765
22 years$9,377$7,408$5,796$4,496$3,462$1,511
23 years$8,875$6,929$5,351$4,094$3,108$1,294
24 years$8,415$6,492$4,949$3,734$2,793$1,110
25 years$7,992$6,092$4,584$3,410$2,514$952
26 years$7,603$5,726$4,251$3,118$2,264$817
27 years$7,243$5,389$3,948$2,854$2,041$702
28 years$6,909$5,078$3,670$2,615$1,842$603
29 years$6,599$4,790$3,415$2,398$1,663$518
30 years$6,310$4,524$3,181$2,201$1,503$446
31 years$6,041$4,276$2,966$2,021$1,359$383
32 years$5,788$4,046$2,767$1,858$1,229$330
33 years$5,552$3,832$2,584$1,708$1,112$284
34 years$5,329$3,632$2,414$1,572$1,007$244
35 years$5,120$3,445$2,257$1,447$912$210
36 years$4,924$3,270$2,111$1,333$826$181
37 years$4,738$3,105$1,976$1,228$749$156
38 years$4,562$2,951$1,850$1,132$679$134
39 years$4,396$2,806$1,734$1,043$616$115
40 years$4,238$2,670$1,625$962$559$99
41 years$4,089$2,542$1,524$888$507$85
42 years$3,947$2,420$1,429$819$460$74
43 years$3,812$2,306$1,341$756$417$63
44 years$3,683$2,198$1,259$698$379$55
45 years$3,561$2,096$1,182$645$344$47
46 years$3,444$2,000$1,110$596$312$40
47 years$3,333$1,908$1,043$550$283$35
48 years$3,226$1,822$980$509$257$30
49 years$3,124$1,740$921$470$234$26
50 years$3,027$1,662$866$435$212$22

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 $3,532 every year, while hoping to spend $39,439 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: 75/18/7 Blend
39$3,100,000$3,100,000$3,100,000$3,100,000
40$3,419,843$3,255,543$3,207,493$3,672,939
41$3,726,704$3,373,102$3,272,981$3,957,493
42$4,063,544$3,495,099$3,339,342$4,263,843
43$4,433,377$3,621,711$3,406,562$4,598,399
44$4,839,527$3,753,121$3,474,627$4,963,943
45$5,285,654$3,889,518$3,543,522$5,363,532
46$5,775,789$4,031,103$3,613,228$5,800,537
47$6,314,374$4,178,082$3,683,726$6,278,666
48$6,906,303$4,330,671$3,754,993$6,802,002
49$7,556,966$4,489,094$3,827,006$7,375,042
50$8,272,303$4,653,586$3,899,737$8,002,738
51$9,058,856$4,824,390$3,973,157$8,690,540
52$9,923,836$5,001,762$4,047,234$9,444,455
53$10,875,184$5,185,965$4,121,934$10,271,093
54$11,921,653$5,377,277$4,197,218$11,177,736
55$13,072,882$5,575,984$4,273,046$12,172,407
56$14,339,497$5,782,388$4,349,373$13,263,938
57$15,733,201$5,996,801$4,426,153$14,462,059
58$17,266,892$6,219,549$4,503,334$15,777,488
59$18,954,781$6,450,972$4,580,861$17,222,030
60$20,812,523$6,691,425$4,658,674$18,808,688
61$22,857,373$6,941,277$4,736,712$20,551,788
62$25,108,339$7,200,914$4,814,907$22,467,109
63$27,586,369$7,470,737$4,893,185$24,572,034
64$30,314,543$7,751,167$4,971,471$26,885,713
65$33,318,292$8,042,641$5,049,681$29,429,243
66$36,625,642$8,345,614$5,127,730$32,225,865
67$40,267,471$8,660,563$5,205,522$35,301,185
68$44,277,807$8,987,984$5,282,960$38,683,413
69$48,694,142$9,328,395$5,359,939$42,403,627
70$53,557,794$9,682,335$5,436,346$46,496,070
71$58,914,289$10,050,370$5,512,064$50,998,469
72$64,813,795$10,433,086$5,586,967$55,952,387
73$71,311,593$10,831,099$5,660,921$61,403,624
74$78,468,601$11,245,048$5,733,787$67,402,637
75$86,351,945$11,675,602$5,805,416$74,005,022
76$95,035,596$12,123,459$5,875,650$81,272,038
77$104,601,066$12,589,347$5,944,323$89,271,179
78$115,138,176$13,074,027$6,011,259$98,076,814
79$126,745,908$13,578,292$6,076,274$107,770,888
80$139,533,332$14,102,970$6,139,171$118,443,691
81$153,620,643$14,648,927$6,199,745$130,194,712
82$169,140,290$15,217,065$6,257,777$143,133,575
83$186,238,226$15,808,328$6,313,040$157,381,073
84$205,075,289$16,423,700$6,365,290$173,070,306
85$225,828,717$17,064,210$6,414,276$190,347,939
86$248,693,820$17,730,930$6,459,728$209,375,578
87$273,885,827$18,424,983$6,501,366$230,331,303
88$301,641,913$19,147,539$6,538,894$253,411,339
89$332,223,442$19,899,822$6,572,001$278,831,912
90$365,918,430$20,683,110$6,600,359$306,831,285
91$403,044,264$21,498,737$6,623,626$337,672,006
92$443,950,702$22,348,097$6,641,439$371,643,388
93$489,023,167$23,232,648$6,653,422$409,064,232
94$538,686,394$24,153,911$6,659,174$450,285,839
95$593,408,429$25,113,476$6,658,280$495,695,321
96$653,705,057$26,113,004$6,650,300$545,719,256
97$720,144,663$27,154,232$6,634,776$600,827,710
98$793,353,602$28,238,973$6,611,225$661,538,674
99$874,022,110$29,369,123$6,579,141$728,422,948
100$962,910,819$30,546,664$6,537,996$802,109,533