Can I retire at age 40 with 3,400,000?

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 $3,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$280,769$278,268$275,828$273,446$271,121$267,511
2 years$138,994$136,406$133,897$131,465$129,105$125,474
3 years$91,743$89,143$86,640$84,231$81,910$78,370
4 years$68,121$65,529$63,052$60,683$58,419$54,998
5 years$53,952$51,376$48,931$46,611$44,409$41,117
6 years$44,509$41,952$39,543$37,275$35,139$31,980
7 years$37,767$35,231$32,861$30,646$28,578$25,553
8 years$32,712$30,200$27,869$25,708$23,708$20,817
9 years$28,783$26,294$24,003$21,897$19,965$17,206
10 years$25,642$23,177$20,926$18,876$17,012$14,383
11 years$23,073$20,633$18,423$16,428$14,631$12,129
12 years$20,934$18,519$16,350$14,409$12,679$10,302
13 years$19,126$16,736$14,608$12,721$11,056$8,802
14 years$17,577$15,213$13,125$11,292$9,692$7,556
15 years$16,236$13,897$11,850$10,071$8,533$6,512
16 years$15,063$12,750$10,744$9,017$7,542$5,632
17 years$14,030$11,742$9,777$8,102$6,687$4,884
18 years$13,112$10,851$8,925$7,302$5,946$4,246
19 years$12,293$10,056$8,170$6,598$5,300$3,699
20 years$11,556$9,345$7,498$5,975$4,734$3,228
21 years$10,890$8,704$6,897$5,423$4,236$2,822
22 years$10,285$8,125$6,357$4,931$3,797$2,470
23 years$9,734$7,599$5,869$4,491$3,408$2,164
24 years$9,229$7,120$5,428$4,096$3,064$1,898
25 years$8,766$6,682$5,027$3,740$2,757$1,666
26 years$8,339$6,280$4,663$3,420$2,483$1,464
27 years$7,944$5,910$4,330$3,130$2,239$1,287
28 years$7,578$5,569$4,025$2,868$2,020$1,132
29 years$7,238$5,254$3,746$2,630$1,824$996
30 years$6,921$4,962$3,489$2,414$1,648$877
31 years$6,625$4,690$3,253$2,217$1,490$773
32 years$6,348$4,438$3,035$2,037$1,348$681
33 years$6,089$4,203$2,834$1,874$1,220$600
34 years$5,845$3,983$2,648$1,724$1,104$529
35 years$5,616$3,778$2,475$1,587$1,000$467
36 years$5,400$3,586$2,316$1,461$906$412
37 years$5,196$3,406$2,167$1,347$821$363
38 years$5,003$3,237$2,030$1,241$745$320
39 years$4,821$3,078$1,901$1,144$675$283
40 years$4,648$2,928$1,782$1,056$613$250
41 years$4,484$2,788$1,671$974$556$220
42 years$4,329$2,655$1,568$899$504$194
43 years$4,181$2,529$1,471$830$458$172
44 years$4,040$2,411$1,381$766$415$152
45 years$3,905$2,299$1,297$707$377$134
46 years$3,777$2,193$1,218$654$342$118
47 years$3,655$2,093$1,144$604$311$104
48 years$3,538$1,998$1,075$558$282$92
49 years$3,426$1,908$1,011$516$256$81
50 years$3,320$1,823$950$477$233$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $3,400,000, adding $5,739 every year, while hoping to spend $37,806 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: 56/22/22 Blend
39$3,400,000$3,400,000$3,400,000$3,400,000
40$3,752,720$3,572,520$3,519,820$3,940,200
41$4,095,272$3,707,348$3,597,508$4,203,849
42$4,471,497$3,847,516$3,676,533$4,486,436
43$4,884,791$3,993,244$3,756,897$4,793,490
44$5,338,892$4,144,766$3,838,606$5,127,373
45$5,837,920$4,302,321$3,921,661$5,490,683
46$6,386,416$4,466,162$4,006,064$5,886,280
47$6,989,378$4,636,552$4,091,814$6,317,311
48$7,652,316$4,813,764$4,178,912$6,787,239
49$8,381,299$4,998,086$4,267,352$7,299,874
50$9,183,015$5,189,815$4,357,132$7,859,411
51$10,064,830$5,389,264$4,448,244$8,470,468
52$11,034,863$5,596,759$4,540,680$9,138,128
53$12,102,057$5,812,638$4,634,431$9,867,986
54$13,276,267$6,037,257$4,729,484$10,666,202
55$14,568,349$6,270,986$4,825,825$11,539,559
56$15,990,268$6,514,211$4,923,437$12,495,527
57$17,555,205$6,767,337$5,022,302$13,542,328
58$19,277,684$7,030,785$5,122,398$14,689,018
59$21,173,710$7,304,995$5,223,700$15,945,570
60$23,260,915$7,590,427$5,326,181$17,322,966
61$25,558,732$7,887,561$5,429,811$18,833,302
62$28,088,569$8,196,898$5,534,557$20,489,897
63$30,874,020$8,518,963$5,640,381$22,307,425
64$33,941,080$8,854,302$5,747,243$24,302,045
65$37,318,394$9,203,487$5,855,100$26,491,555
66$41,037,526$9,567,114$5,963,902$28,895,564
67$45,133,259$9,945,808$6,073,598$31,535,666
68$49,643,919$10,340,220$6,184,131$34,435,652
69$54,611,739$10,751,031$6,295,440$37,621,729
70$60,083,257$11,178,952$6,407,457$41,122,764
71$66,109,754$11,624,726$6,520,113$44,970,561
72$72,747,742$12,089,130$6,633,329$49,200,155
73$80,059,491$12,572,976$6,747,025$53,850,144
74$88,113,619$13,077,113$6,861,110$58,963,049
75$96,985,743$13,602,425$6,975,492$64,585,718
76$106,759,185$14,149,841$7,090,068$70,769,762
77$117,525,768$14,720,329$7,204,730$77,572,046
78$129,386,671$15,314,901$7,319,364$85,055,218
79$142,453,396$15,934,614$7,433,847$93,288,302
80$156,848,808$16,580,576$7,548,047$102,347,350
81$172,708,305$17,253,944$7,661,825$112,316,152
82$190,181,090$17,955,924$7,775,034$123,287,030
83$209,431,580$18,687,783$7,887,516$135,361,706
84$230,640,958$19,450,842$7,999,105$148,652,259
85$254,008,885$20,246,482$8,109,624$163,282,183
86$279,755,380$21,076,149$8,218,886$179,387,547
87$308,122,903$21,941,354$8,326,692$197,118,281
88$339,378,635$22,843,677$8,432,832$216,639,587
89$373,817,009$23,784,770$8,537,085$238,133,495
90$411,762,482$24,766,362$8,639,216$261,800,581
91$453,572,601$25,790,260$8,738,976$287,861,856
92$499,641,379$26,858,355$8,836,104$316,560,849
93$550,403,010$27,972,625$8,930,324$348,165,904
94$606,335,971$29,135,137$9,021,343$382,972,711
95$667,967,537$30,348,056$9,108,855$421,307,092
96$735,878,760$31,613,645$9,192,536$463,528,074
97$810,709,951$32,934,271$9,272,044$510,031,276
98$893,166,728$34,312,412$9,347,019$561,252,638
99$984,026,674$35,750,660$9,417,084$617,672,536
100$1,084,146,678$37,251,725$9,481,839$679,820,308