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

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 $3,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$280,769$278,268$275,828$273,446$271,121$261,293
2 years$138,994$136,406$133,897$131,465$129,105$119,312
3 years$91,743$89,143$86,640$84,231$81,910$72,459
4 years$68,121$65,529$63,052$60,683$58,419$49,382
5 years$53,952$51,376$48,931$46,611$44,409$35,810
6 years$44,509$41,952$39,543$37,275$35,139$26,985
7 years$37,767$35,231$32,861$30,646$28,578$20,866
8 years$32,712$30,200$27,869$25,708$23,708$16,431
9 years$28,783$26,294$24,003$21,897$19,965$13,115
10 years$25,642$23,177$20,926$18,876$17,012$10,575
11 years$23,073$20,633$18,423$16,428$14,631$8,594
12 years$20,934$18,519$16,350$14,409$12,679$7,028
13 years$19,126$16,736$14,608$12,721$11,056$5,775
14 years$17,577$15,213$13,125$11,292$9,692$4,765
15 years$16,236$13,897$11,850$10,071$8,533$3,943
16 years$15,063$12,750$10,744$9,017$7,542$3,272
17 years$14,030$11,742$9,777$8,102$6,687$2,721
18 years$13,112$10,851$8,925$7,302$5,946$2,267
19 years$12,293$10,056$8,170$6,598$5,300$1,891
20 years$11,556$9,345$7,498$5,975$4,734$1,580
21 years$10,890$8,704$6,897$5,423$4,236$1,321
22 years$10,285$8,125$6,357$4,931$3,797$1,105
23 years$9,734$7,599$5,869$4,491$3,408$925
24 years$9,229$7,120$5,428$4,096$3,064$775
25 years$8,766$6,682$5,027$3,740$2,757$650
26 years$8,339$6,280$4,663$3,420$2,483$545
27 years$7,944$5,910$4,330$3,130$2,239$457
28 years$7,578$5,569$4,025$2,868$2,020$384
29 years$7,238$5,254$3,746$2,630$1,824$322
30 years$6,921$4,962$3,489$2,414$1,648$270
31 years$6,625$4,690$3,253$2,217$1,490$227
32 years$6,348$4,438$3,035$2,037$1,348$191
33 years$6,089$4,203$2,834$1,874$1,220$160
34 years$5,845$3,983$2,648$1,724$1,104$134
35 years$5,616$3,778$2,475$1,587$1,000$113
36 years$5,400$3,586$2,316$1,461$906$95
37 years$5,196$3,406$2,167$1,347$821$80
38 years$5,003$3,237$2,030$1,241$745$67
39 years$4,821$3,078$1,901$1,144$675$56
40 years$4,648$2,928$1,782$1,056$613$47
41 years$4,484$2,788$1,671$974$556$40
42 years$4,329$2,655$1,568$899$504$33
43 years$4,181$2,529$1,471$830$458$28
44 years$4,040$2,411$1,381$766$415$24
45 years$3,905$2,299$1,297$707$377$20
46 years$3,777$2,193$1,218$654$342$17
47 years$3,655$2,093$1,144$604$311$14
48 years$3,538$1,998$1,075$558$282$12
49 years$3,426$1,908$1,011$516$256$10
50 years$3,320$1,823$950$477$233$8

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 $6,760 every year, while hoping to spend $31,640 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: 54/39/7 Blend
39$3,400,000$3,400,000$3,400,000$3,400,000
40$3,753,773$3,573,573$3,520,873$3,949,964
41$4,102,993$3,715,013$3,605,157$4,224,850
42$4,486,773$3,862,324$3,691,205$4,519,802
43$4,908,605$4,015,759$3,779,041$4,840,036
44$5,372,335$4,175,584$3,868,692$5,187,951
45$5,882,203$4,342,076$3,960,182$5,566,184
46$6,442,876$4,515,526$4,053,537$5,977,635
47$7,059,499$4,696,237$4,148,780$6,425,491
48$7,737,741$4,884,525$4,245,937$6,913,256
49$8,483,845$5,080,722$4,345,031$7,444,784
50$9,304,694$5,285,174$4,446,086$8,024,313
51$10,207,867$5,498,241$4,549,124$8,656,503
52$11,201,717$5,720,303$4,654,168$9,346,481
53$12,295,449$5,951,755$4,761,239$10,099,888
54$13,499,203$6,193,009$4,870,358$10,922,930
55$14,824,153$6,444,497$4,981,546$11,822,432
56$16,282,610$6,706,672$5,094,822$12,805,910
57$17,888,142$6,980,004$5,210,204$13,881,629
58$19,655,696$7,264,988$5,327,710$15,058,689
59$21,601,744$7,562,139$5,447,355$16,347,104
60$23,744,435$7,871,998$5,569,155$17,757,897
61$26,103,770$8,195,128$5,693,124$19,303,200
62$28,701,785$8,532,119$5,819,274$20,996,371
63$31,562,763$8,883,590$5,947,616$22,852,112
64$34,713,463$9,250,184$6,078,159$24,886,613
65$38,183,371$9,632,577$6,210,912$27,117,696
66$42,004,977$10,031,475$6,345,879$29,564,986
67$46,214,084$10,447,617$6,483,066$32,250,090
68$50,850,144$10,881,775$6,622,473$35,196,802
69$55,956,633$11,334,756$6,764,100$38,431,324
70$61,581,457$11,807,406$6,907,944$41,982,510
71$67,777,406$12,300,609$7,054,001$45,882,136
72$74,602,653$12,815,291$7,202,262$50,165,197
73$82,121,302$13,352,418$7,352,716$54,870,236
74$90,403,992$13,913,004$7,505,349$60,039,701
75$99,528,566$14,498,108$7,660,144$65,720,349
76$109,580,802$15,108,837$7,817,081$71,963,675
77$120,655,226$15,746,353$7,976,136$78,826,405
78$132,856,003$16,411,868$8,137,280$86,371,018
79$146,297,918$17,106,652$8,300,482$94,666,338
80$161,107,462$17,832,035$8,465,705$103,788,180
81$177,424,026$18,589,407$8,632,909$113,820,058
82$195,401,212$19,380,224$8,802,047$124,853,970
83$215,208,290$20,206,008$8,973,069$136,991,264
84$237,031,788$21,068,355$9,145,920$150,343,590
85$261,077,259$21,968,933$9,320,537$165,033,945
86$287,571,217$22,909,489$9,496,852$181,197,833
87$316,763,277$23,891,850$9,674,793$198,984,539
88$348,928,512$24,917,931$9,854,278$218,558,530
89$384,370,044$25,989,734$10,035,221$240,101,001
90$423,421,914$27,109,356$10,217,526$263,811,585
91$466,452,227$28,278,992$10,401,092$289,910,225
92$513,866,633$29,500,942$10,585,807$318,639,247
93$566,112,151$30,777,609$10,771,552$350,265,639
94$623,681,392$32,111,513$10,958,201$385,083,567
95$687,117,208$33,505,292$11,145,615$423,417,140
96$757,017,817$34,961,705$11,333,647$465,623,464
97$834,042,451$36,483,645$11,522,140$512,096,007
98$918,917,574$38,074,137$11,710,926$563,268,300
99$1,012,443,748$39,736,351$11,899,823$619,618,026
100$1,115,503,184$41,473,606$12,088,641$681,671,514