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%13.4%
1 years$280,769$278,268$275,828$273,446$271,121$267,290
2 years$138,994$136,406$133,897$131,465$129,105$125,253
3 years$91,743$89,143$86,640$84,231$81,910$78,156
4 years$68,121$65,529$63,052$60,683$58,419$54,792
5 years$53,952$51,376$48,931$46,611$44,409$40,921
6 years$44,509$41,952$39,543$37,275$35,139$31,793
7 years$37,767$35,231$32,861$30,646$28,578$25,375
8 years$32,712$30,200$27,869$25,708$23,708$20,648
9 years$28,783$26,294$24,003$21,897$19,965$17,047
10 years$25,642$23,177$20,926$18,876$17,012$14,232
11 years$23,073$20,633$18,423$16,428$14,631$11,987
12 years$20,934$18,519$16,350$14,409$12,679$10,169
13 years$19,126$16,736$14,608$12,721$11,056$8,676
14 years$17,577$15,213$13,125$11,292$9,692$7,438
15 years$16,236$13,897$11,850$10,071$8,533$6,402
16 years$15,063$12,750$10,744$9,017$7,542$5,529
17 years$14,030$11,742$9,777$8,102$6,687$4,788
18 years$13,112$10,851$8,925$7,302$5,946$4,157
19 years$12,293$10,056$8,170$6,598$5,300$3,616
20 years$11,556$9,345$7,498$5,975$4,734$3,151
21 years$10,890$8,704$6,897$5,423$4,236$2,750
22 years$10,285$8,125$6,357$4,931$3,797$2,403
23 years$9,734$7,599$5,869$4,491$3,408$2,103
24 years$9,229$7,120$5,428$4,096$3,064$1,841
25 years$8,766$6,682$5,027$3,740$2,757$1,614
26 years$8,339$6,280$4,663$3,420$2,483$1,416
27 years$7,944$5,910$4,330$3,130$2,239$1,243
28 years$7,578$5,569$4,025$2,868$2,020$1,091
29 years$7,238$5,254$3,746$2,630$1,824$959
30 years$6,921$4,962$3,489$2,414$1,648$843
31 years$6,625$4,690$3,253$2,217$1,490$741
32 years$6,348$4,438$3,035$2,037$1,348$652
33 years$6,089$4,203$2,834$1,874$1,220$574
34 years$5,845$3,983$2,648$1,724$1,104$505
35 years$5,616$3,778$2,475$1,587$1,000$445
36 years$5,400$3,586$2,316$1,461$906$392
37 years$5,196$3,406$2,167$1,347$821$345
38 years$5,003$3,237$2,030$1,241$745$304
39 years$4,821$3,078$1,901$1,144$675$268
40 years$4,648$2,928$1,782$1,056$613$236
41 years$4,484$2,788$1,671$974$556$208
42 years$4,329$2,655$1,568$899$504$183
43 years$4,181$2,529$1,471$830$458$161
44 years$4,040$2,411$1,381$766$415$142
45 years$3,905$2,299$1,297$707$377$125
46 years$3,777$2,193$1,218$654$342$110
47 years$3,655$2,093$1,144$604$311$97
48 years$3,538$1,998$1,075$558$282$86
49 years$3,426$1,908$1,011$516$256$76
50 years$3,320$1,823$950$477$233$67

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 $3,175 every year, while hoping to spend $43,514 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: 37/44/19 Blend
39$3,400,000$3,400,000$3,400,000$3,400,000
40$3,750,075$3,569,875$3,517,175$3,867,202
41$4,086,284$3,698,500$3,588,702$4,080,957
42$4,455,328$3,831,970$3,661,166$4,307,360
43$4,860,510$3,970,475$3,734,554$4,551,007
44$5,305,469$4,114,215$3,808,849$4,813,470
45$5,794,214$4,263,398$3,884,031$5,096,476
46$6,331,159$4,418,240$3,960,082$5,401,921
47$6,921,169$4,578,966$4,036,977$5,731,888
48$7,569,604$4,745,811$4,114,691$6,088,666
49$8,282,367$4,919,019$4,193,197$6,474,768
50$9,065,963$5,098,846$4,272,463$6,892,960
51$9,927,558$5,285,556$4,352,458$7,346,280
52$10,875,046$5,479,426$4,433,143$7,838,066
53$11,917,128$5,680,744$4,514,479$8,371,991
54$13,063,385$5,889,811$4,596,425$8,952,093
55$14,324,378$6,106,940$4,678,933$9,582,813
56$15,711,741$6,332,456$4,761,954$10,269,036
57$17,238,293$6,566,701$4,845,433$11,016,135
58$18,918,158$6,810,028$4,929,314$11,830,022
59$20,766,898$7,062,807$5,013,534$12,717,200
60$22,801,661$7,325,424$5,098,027$13,684,826
61$25,041,340$7,598,280$5,182,721$14,740,776
62$27,506,755$7,881,794$5,267,540$15,893,717
63$30,220,845$8,176,403$5,352,404$17,153,187
64$33,208,887$8,482,562$5,437,225$18,529,688
65$36,498,733$8,800,747$5,521,911$20,034,776
66$40,121,073$9,131,453$5,606,365$21,681,175
67$44,109,725$9,475,197$5,690,481$23,482,892
68$48,501,953$9,832,518$5,774,148$25,455,348
69$53,338,819$10,203,978$5,857,249$27,615,522
70$58,665,570$10,590,164$5,939,658$29,982,110
71$64,532,065$10,991,689$6,021,243$32,575,698
72$70,993,244$11,409,190$6,101,863$35,418,955
73$78,109,649$11,843,334$6,181,370$38,536,844
74$85,947,993$12,294,817$6,259,605$41,956,858
75$94,581,789$12,764,364$6,336,403$45,709,273
76$104,092,047$13,252,733$6,411,587$49,827,436
77$114,568,032$13,760,714$6,484,972$54,348,071
78$126,108,114$14,289,131$6,556,361$59,311,631
79$138,820,689$14,838,846$6,625,547$64,762,671
80$152,825,208$15,410,758$6,692,311$70,750,266
81$168,253,299$16,005,806$6,756,424$77,328,477
82$185,250,013$16,624,968$6,817,642$84,556,850
83$203,975,191$17,269,267$6,875,709$92,500,980
84$224,604,972$17,939,773$6,930,356$101,233,129
85$247,333,456$18,637,598$6,981,300$110,832,896
86$272,374,536$19,363,909$7,028,242$121,387,975
87$299,963,919$20,119,920$7,070,868$132,994,971
88$330,361,345$20,906,903$7,108,848$145,760,314
89$363,853,043$21,726,182$7,141,836$159,801,255
90$400,754,432$22,579,143$7,169,466$175,246,970
91$441,413,096$23,467,234$7,191,355$192,239,776
92$486,212,068$24,391,964$7,207,102$210,936,472
93$535,573,443$25,354,914$7,216,283$231,509,807
94$589,962,362$26,357,733$7,218,456$254,150,112
95$649,891,404$27,402,143$7,213,156$279,067,092
96$715,925,424$28,489,944$7,199,893$306,491,796
97$788,686,884$29,623,019$7,178,157$336,678,795
98$868,861,732$30,803,332$7,147,410$369,908,579
99$957,205,870$32,032,937$7,107,090$406,490,198
100$1,054,552,298$33,313,980$7,056,607$446,764,174