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%12.9%
1 years$280,769$278,268$275,828$273,446$271,121$267,844
2 years$138,994$136,406$133,897$131,465$129,105$125,807
3 years$91,743$89,143$86,640$84,231$81,910$78,693
4 years$68,121$65,529$63,052$60,683$58,419$55,309
5 years$53,952$51,376$48,931$46,611$44,409$41,414
6 years$44,509$41,952$39,543$37,275$35,139$32,264
7 years$37,767$35,231$32,861$30,646$28,578$25,822
8 years$32,712$30,200$27,869$25,708$23,708$21,072
9 years$28,783$26,294$24,003$21,897$19,965$17,449
10 years$25,642$23,177$20,926$18,876$17,012$14,612
11 years$23,073$20,633$18,423$16,428$14,631$12,346
12 years$20,934$18,519$16,350$14,409$12,679$10,506
13 years$19,126$16,736$14,608$12,721$11,056$8,993
14 years$17,577$15,213$13,125$11,292$9,692$7,736
15 years$16,236$13,897$11,850$10,071$8,533$6,681
16 years$15,063$12,750$10,744$9,017$7,542$5,790
17 years$14,030$11,742$9,777$8,102$6,687$5,032
18 years$13,112$10,851$8,925$7,302$5,946$4,384
19 years$12,293$10,056$8,170$6,598$5,300$3,827
20 years$11,556$9,345$7,498$5,975$4,734$3,348
21 years$10,890$8,704$6,897$5,423$4,236$2,933
22 years$10,285$8,125$6,357$4,931$3,797$2,573
23 years$9,734$7,599$5,869$4,491$3,408$2,260
24 years$9,229$7,120$5,428$4,096$3,064$1,987
25 years$8,766$6,682$5,027$3,740$2,757$1,748
26 years$8,339$6,280$4,663$3,420$2,483$1,539
27 years$7,944$5,910$4,330$3,130$2,239$1,357
28 years$7,578$5,569$4,025$2,868$2,020$1,196
29 years$7,238$5,254$3,746$2,630$1,824$1,055
30 years$6,921$4,962$3,489$2,414$1,648$932
31 years$6,625$4,690$3,253$2,217$1,490$823
32 years$6,348$4,438$3,035$2,037$1,348$727
33 years$6,089$4,203$2,834$1,874$1,220$642
34 years$5,845$3,983$2,648$1,724$1,104$567
35 years$5,616$3,778$2,475$1,587$1,000$502
36 years$5,400$3,586$2,316$1,461$906$444
37 years$5,196$3,406$2,167$1,347$821$392
38 years$5,003$3,237$2,030$1,241$745$347
39 years$4,821$3,078$1,901$1,144$675$307
40 years$4,648$2,928$1,782$1,056$613$272
41 years$4,484$2,788$1,671$974$556$240
42 years$4,329$2,655$1,568$899$504$213
43 years$4,181$2,529$1,471$830$458$188
44 years$4,040$2,411$1,381$766$415$167
45 years$3,905$2,299$1,297$707$377$148
46 years$3,777$2,193$1,218$654$342$131
47 years$3,655$2,093$1,144$604$311$116
48 years$3,538$1,998$1,075$558$282$102
49 years$3,426$1,908$1,011$516$256$91
50 years$3,320$1,823$950$477$233$80

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 $6,555 every year, while hoping to spend $48,903 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: 22/49/29 Blend
39$3,400,000$3,400,000$3,400,000$3,400,000
40$3,753,561$3,573,361$3,520,661$3,801,572
41$4,084,392$3,696,424$3,586,571$3,968,090
42$4,447,329$3,823,877$3,653,050$4,141,610
43$4,845,594$3,955,885$3,720,065$4,326,199
44$5,282,739$4,092,617$3,787,581$4,522,796
45$5,762,674$4,234,251$3,855,560$4,732,428
46$6,289,706$4,380,969$3,923,961$4,956,221
47$6,868,582$4,532,962$3,992,740$5,195,411
48$7,504,528$4,690,429$4,061,848$5,451,353
49$8,203,305$4,853,575$4,131,235$5,725,534
50$8,971,257$5,022,614$4,200,846$6,019,585
51$9,815,373$5,197,770$4,270,622$6,335,299
52$10,743,354$5,379,274$4,340,500$6,674,643
53$11,763,683$5,567,365$4,410,415$7,039,776
54$12,885,708$5,762,296$4,480,293$7,433,073
55$14,119,727$5,964,324$4,550,059$7,857,141
56$15,477,085$6,173,722$4,619,632$8,314,846
57$16,970,284$6,390,771$4,688,926$8,809,338
58$18,613,097$6,615,763$4,757,849$9,344,078
59$20,420,701$6,849,003$4,826,305$9,922,874
60$22,409,815$7,090,807$4,894,189$10,549,911
61$24,598,864$7,341,505$4,961,392$11,229,793
62$27,008,149$7,601,439$5,027,799$11,967,584
63$29,660,037$7,870,967$5,093,288$12,768,851
64$32,579,175$8,150,458$5,157,727$13,639,724
65$35,792,721$8,440,300$5,220,980$14,586,944
66$39,330,597$8,740,894$5,282,902$15,617,927
67$43,225,779$9,052,658$5,343,340$16,740,839
68$47,514,597$9,376,027$5,402,131$17,964,662
69$52,237,089$9,711,455$5,459,105$19,299,285
70$57,437,369$10,059,413$5,514,082$20,755,591
71$63,164,048$10,420,392$5,566,871$22,345,562
72$69,470,693$10,794,903$5,617,273$24,082,388
73$76,416,328$11,183,479$5,665,077$25,980,587
74$84,065,997$11,586,673$5,710,060$28,056,149
75$92,491,371$12,005,062$5,751,990$30,326,676
76$101,771,429$12,439,247$5,790,619$32,811,551
77$111,993,199$12,889,855$5,825,689$35,532,117
78$123,252,584$13,357,536$5,856,928$38,511,880
79$135,655,262$13,842,971$5,884,050$41,776,722
80$149,317,688$14,346,865$5,906,755$45,355,151
81$164,368,187$14,869,957$5,924,726$49,278,563
82$180,948,170$15,413,013$5,937,633$53,581,537
83$199,213,466$15,976,833$5,945,126$58,302,159
84$219,335,792$16,562,250$5,946,840$63,482,379
85$241,504,376$17,170,134$5,942,393$69,168,405
86$265,927,741$17,801,388$5,931,381$75,411,136
87$292,835,670$18,456,956$5,913,382$82,266,640
88$322,481,383$19,137,821$5,887,954$89,796,680
89$355,143,917$19,845,007$5,854,634$98,069,295
90$391,130,766$20,579,583$5,812,934$107,159,436
91$430,780,783$21,342,661$5,762,346$117,149,674
92$474,467,374$22,135,402$5,702,336$128,130,976
93$522,602,026$22,959,017$5,632,344$140,203,557
94$575,638,190$23,814,766$5,551,785$153,477,826
95$634,075,562$24,703,966$5,460,046$168,075,421
96$698,464,798$25,627,989$5,356,486$184,130,357
97$769,412,711$26,588,265$5,240,433$201,790,285
98$847,588,004$27,586,286$5,111,184$221,217,880
99$933,727,576$28,623,609$4,968,003$242,592,379
100$1,028,643,480$29,701,857$4,810,123$266,111,258