Can I retire at age 40 with 3,500,000?

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$289,027$286,452$283,940$281,489$279,095$275,951
2 years$143,083$140,418$137,835$135,331$132,902$129,737
3 years$94,441$91,765$89,188$86,708$84,319$81,231
4 years$70,125$67,457$64,906$62,468$60,137$57,150
5 years$55,539$52,887$50,370$47,982$45,715$42,838
6 years$45,818$43,186$40,706$38,371$36,173$33,408
7 years$38,878$36,268$33,827$31,547$29,418$26,768
8 years$33,674$31,088$28,688$26,464$24,405$21,869
9 years$29,630$27,068$24,709$22,542$20,553$18,130
10 years$26,396$23,859$21,542$19,431$17,512$15,201
11 years$23,752$21,240$18,965$16,911$15,061$12,859
12 years$21,550$19,064$16,831$14,833$13,051$10,957
13 years$19,688$17,228$15,038$13,095$11,381$9,392
14 years$18,094$15,660$13,511$11,625$9,977$8,089
15 years$16,713$14,306$12,199$10,367$8,784$6,995
16 years$15,506$13,125$11,060$9,283$7,763$6,071
17 years$14,443$12,088$10,064$8,340$6,884$5,283
18 years$13,498$11,170$9,187$7,516$6,121$4,610
19 years$12,654$10,352$8,411$6,792$5,455$4,030
20 years$11,895$9,620$7,719$6,151$4,873$3,531
21 years$11,210$8,960$7,100$5,583$4,361$3,098
22 years$10,587$8,364$6,544$5,076$3,909$2,721
23 years$10,020$7,823$6,042$4,623$3,509$2,394
24 years$9,501$7,329$5,588$4,216$3,154$2,108
25 years$9,024$6,878$5,175$3,850$2,838$1,858
26 years$8,584$6,464$4,800$3,521$2,556$1,639
27 years$8,177$6,084$4,457$3,223$2,305$1,446
28 years$7,801$5,733$4,143$2,953$2,080$1,277
29 years$7,451$5,408$3,856$2,708$1,878$1,129
30 years$7,124$5,107$3,592$2,485$1,697$998
31 years$6,820$4,828$3,348$2,282$1,534$883
32 years$6,535$4,569$3,124$2,097$1,388$781
33 years$6,268$4,326$2,917$1,929$1,256$691
34 years$6,017$4,100$2,725$1,775$1,137$612
35 years$5,781$3,889$2,548$1,634$1,030$542
36 years$5,559$3,691$2,384$1,504$933$480
37 years$5,349$3,506$2,231$1,386$846$425
38 years$5,151$3,332$2,089$1,278$767$377
39 years$4,963$3,168$1,957$1,178$695$334
40 years$4,785$3,014$1,835$1,087$631$296
41 years$4,616$2,869$1,720$1,003$572$262
42 years$4,456$2,733$1,614$925$519$233
43 years$4,304$2,604$1,514$854$471$206
44 years$4,158$2,482$1,421$789$428$183
45 years$4,020$2,367$1,335$728$388$162
46 years$3,888$2,258$1,254$673$352$144
47 years$3,763$2,155$1,178$622$320$128
48 years$3,642$2,057$1,107$574$291$113
49 years$3,527$1,964$1,040$531$264$100
50 years$3,417$1,876$978$491$240$89

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $3,500,000, adding $2,766 every year, while hoping to spend $47,255 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: 52/32/16 Blend
39$3,500,000$3,500,000$3,500,000$3,500,000
40$3,859,853$3,674,353$3,620,103$4,043,666
41$4,203,279$3,804,117$3,691,098$4,299,698
42$4,580,151$3,938,656$3,762,887$4,572,811
43$4,993,830$4,078,154$3,835,447$4,868,812
44$5,448,019$4,222,802$3,908,753$5,189,882
45$5,946,797$4,372,800$3,982,776$5,538,423
46$6,494,658$4,528,354$4,057,487$5,917,072
47$7,096,551$4,689,681$4,132,850$6,328,734
48$7,757,929$4,857,006$4,208,831$6,776,603
49$8,484,800$5,030,561$4,285,389$7,264,194
50$9,283,782$5,210,591$4,362,482$7,795,374
51$10,162,167$5,397,349$4,440,064$8,374,398
52$11,127,987$5,591,098$4,518,085$9,005,951
53$12,190,093$5,792,114$4,596,492$9,695,187
54$13,358,236$6,000,681$4,675,228$10,447,782
55$14,643,159$6,217,097$4,754,232$11,269,981
56$16,056,699$6,441,673$4,833,437$12,168,660
57$17,611,899$6,674,732$4,912,773$13,151,391
58$19,323,128$6,916,609$4,992,166$14,226,507
59$21,206,219$7,167,654$5,071,535$15,403,188
60$23,278,617$7,428,233$5,150,796$16,691,538
61$25,559,544$7,698,725$5,229,856$18,102,684
62$28,070,182$7,979,526$5,308,620$19,648,882
63$30,833,866$8,271,049$5,386,985$21,343,625
64$33,876,313$8,573,723$5,464,841$23,201,777
65$37,225,858$8,887,996$5,542,074$25,239,706
66$40,913,722$9,214,335$5,618,560$27,475,440
67$44,974,309$9,553,225$5,694,170$29,928,835
68$49,445,529$9,905,173$5,768,765$32,621,762
69$54,369,154$10,270,708$5,842,199$35,578,313
70$59,791,215$10,650,379$5,914,320$38,825,025
71$65,762,432$11,044,762$5,984,964$42,391,128
72$72,338,698$11,454,453$6,053,958$46,308,823
73$79,581,601$11,880,077$6,121,121$50,613,582
74$87,559,007$12,322,284$6,186,261$55,344,483
75$96,345,702$12,781,751$6,249,177$60,544,574
76$106,024,092$13,259,186$6,309,653$66,261,282
77$116,684,990$13,755,326$6,367,467$72,546,854
78$128,428,461$14,270,940$6,422,379$79,458,853
79$141,364,778$14,806,829$6,474,142$87,060,696
80$155,615,451$15,363,830$6,522,493$95,422,253
81$171,314,385$15,942,815$6,567,154$104,620,502
82$188,609,134$16,544,695$6,607,835$114,740,257
83$207,662,299$17,170,418$6,644,231$125,874,962
84$228,653,060$17,820,975$6,676,019$138,127,575
85$251,778,869$18,497,399$6,702,862$151,611,534
86$277,257,311$19,200,769$6,724,406$166,451,830
87$305,328,159$19,932,210$6,740,276$182,786,177
88$336,255,638$20,692,895$6,750,082$200,766,316
89$370,330,916$21,484,050$6,753,413$220,559,443
90$407,874,854$22,306,953$6,749,837$242,349,782
91$449,241,035$23,162,940$6,738,902$266,340,324
92$494,819,099$24,053,402$6,720,134$292,754,738
93$545,038,423$24,979,795$6,693,034$321,839,481
94$600,372,174$25,943,636$6,657,082$353,866,118
95$661,341,771$26,946,510$6,611,730$389,133,889
96$728,521,814$27,990,071$6,556,405$427,972,521
97$802,545,501$29,076,047$6,490,507$470,745,344
98$884,110,611$30,206,241$6,413,407$517,852,715
99$973,986,083$31,382,537$6,324,446$569,735,792
100$1,073,019,284$32,606,902$6,222,936$626,880,695