Can I retire at age 40 with 2,030,000?

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 $2,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$167,636$166,142$164,685$163,264$161,875$156,819
2 years$82,988$81,442$79,944$78,492$77,083$72,034
3 years$54,776$53,223$51,729$50,291$48,905$44,021
4 years$40,672$39,125$37,646$36,232$34,879$30,199
5 years$32,213$30,674$29,215$27,829$26,515$22,050
6 years$26,575$25,048$23,610$22,255$20,980$16,735
7 years$22,549$21,035$19,620$18,297$17,063$13,036
8 years$19,531$18,031$16,639$15,349$14,155$10,345
9 years$17,185$15,699$14,331$13,074$11,921$8,323
10 years$15,310$13,838$12,494$11,270$10,157$6,766
11 years$13,776$12,319$11,000$9,808$8,735$5,545
12 years$12,499$11,057$9,762$8,603$7,570$4,574
13 years$11,419$9,992$8,722$7,595$6,601$3,792
14 years$10,494$9,083$7,837$6,742$5,786$3,157
15 years$9,694$8,297$7,075$6,013$5,095$2,637
16 years$8,994$7,613$6,415$5,384$4,503$2,209
17 years$8,377$7,011$5,837$4,837$3,993$1,855
18 years$7,829$6,478$5,329$4,359$3,550$1,560
19 years$7,339$6,004$4,878$3,939$3,164$1,314
20 years$6,899$5,579$4,477$3,568$2,826$1,109
21 years$6,502$5,197$4,118$3,238$2,529$936
22 years$6,141$4,851$3,795$2,944$2,267$792
23 years$5,812$4,537$3,504$2,681$2,035$670
24 years$5,510$4,251$3,241$2,445$1,829$567
25 years$5,234$3,989$3,002$2,233$1,646$480
26 years$4,979$3,749$2,784$2,042$1,483$407
27 years$4,743$3,529$2,585$1,869$1,337$345
28 years$4,524$3,325$2,403$1,712$1,206$293
29 years$4,321$3,137$2,236$1,570$1,089$248
30 years$4,132$2,962$2,083$1,441$984$211
31 years$3,956$2,800$1,942$1,324$890$179
32 years$3,790$2,650$1,812$1,216$805$152
33 years$3,635$2,509$1,692$1,119$728$129
34 years$3,490$2,378$1,581$1,029$659$109
35 years$3,353$2,256$1,478$947$597$93
36 years$3,224$2,141$1,383$873$541$79
37 years$3,102$2,034$1,294$804$490$67
38 years$2,987$1,933$1,212$741$445$57
39 years$2,878$1,838$1,135$683$403$48
40 years$2,775$1,748$1,064$630$366$41
41 years$2,677$1,664$998$581$332$35
42 years$2,584$1,585$936$537$301$30
43 years$2,496$1,510$878$495$273$25
44 years$2,412$1,440$824$457$248$21
45 years$2,332$1,373$774$422$225$18
46 years$2,255$1,310$727$390$204$15
47 years$2,182$1,250$683$360$186$13
48 years$2,113$1,193$642$333$169$11
49 years$2,046$1,139$603$308$153$9
50 years$1,982$1,088$567$285$139$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,030,000, adding $4,146 every year, while hoping to spend $58,503 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: 33/43/24 Blend
39$2,030,000$2,030,000$2,030,000$2,030,000
40$2,241,337$2,133,747$2,102,282$2,298,735
41$2,407,706$2,176,053$2,110,461$2,384,525
42$2,589,085$2,218,473$2,116,954$2,471,353
43$2,786,941$2,260,948$2,121,642$2,563,754
44$3,002,893$2,303,418$2,124,401$2,662,259
45$3,238,720$2,345,817$2,125,100$2,767,454
46$3,496,381$2,388,074$2,123,603$2,879,984
47$3,778,034$2,430,112$2,119,766$3,000,564
48$4,086,055$2,471,848$2,113,439$3,129,983
49$4,423,056$2,513,193$2,104,463$3,269,113
50$4,791,920$2,554,051$2,092,674$3,418,917
51$5,195,815$2,594,319$2,077,898$3,580,459
52$5,638,233$2,633,886$2,059,953$3,754,913
53$6,123,021$2,672,634$2,038,649$3,943,578
54$6,654,412$2,710,436$2,013,787$4,147,887
55$7,237,070$2,747,155$1,985,157$4,369,422
56$7,876,132$2,782,647$1,952,541$4,609,933
57$8,577,257$2,816,756$1,915,710$4,871,350
58$9,346,676$2,849,316$1,874,425$5,155,805
59$10,191,253$2,880,149$1,828,435$5,465,653
60$11,118,551$2,909,066$1,777,477$5,803,494
61$12,136,899$2,935,865$1,721,278$6,172,196
62$13,255,472$2,960,332$1,659,550$6,574,931
63$14,484,378$2,982,237$1,591,994$7,015,195
64$15,834,754$3,001,336$1,518,295$7,496,851
65$17,318,867$3,017,369$1,438,125$8,024,161
66$18,950,231$3,030,060$1,351,143$8,601,832
67$20,743,738$3,039,116$1,256,989$9,235,056
68$22,715,790$3,044,224$1,155,289$9,929,567
69$24,884,462$3,045,052$1,045,652$10,691,690
70$27,269,665$3,041,248$927,670$11,528,406
71$29,893,340$3,032,437$800,915$12,447,419
72$32,779,657$3,018,224$664,943$13,457,232
73$35,955,251$2,998,185$519,287$14,567,223
74$39,449,465$2,971,875$363,462$15,787,742
75$43,294,633$2,938,819$196,960$17,130,209
76$47,526,379$2,898,515$19,252$18,607,220
77$52,183,958$2,850,430$0$20,232,675
78$57,310,621$2,794,001$0$22,065,539
79$62,954,027$2,728,630$0$24,087,189
80$69,166,689$2,653,684$0$26,311,499
81$76,006,469$2,568,492$0$28,759,208
82$83,537,128$2,472,348$0$31,453,184
83$91,828,921$2,364,498$0$34,418,634
84$100,959,264$2,244,151$0$37,683,353
85$111,013,461$2,110,467$0$41,277,983
86$122,085,511$1,962,557$0$45,236,305
87$134,278,993$1,799,482$0$49,595,562
88$147,708,045$1,620,252$0$54,396,812
89$162,498,437$1,423,815$0$59,685,319
90$178,788,760$1,209,064$0$65,510,980
91$196,731,733$974,829$0$71,928,805
92$216,495,646$719,871$0$78,999,433
93$238,265,941$442,884$0$86,789,712
94$262,246,971$142,489$0$95,373,331
95$288,663,920$0$0$104,831,524
96$317,764,931$0$0$115,340,316
97$349,823,451$0$0$126,991,848
98$385,140,804$0$0$139,828,271
99$424,049,041$0$0$153,970,331
100$466,914,071$0$0$169,551,088