Can I retire at age 40 with 2,150,000?

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 $2,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$177,545$175,964$174,421$172,915$171,444$167,777
2 years$87,894$86,257$84,670$83,132$81,640$77,963
3 years$58,014$56,370$54,787$53,263$51,796$48,224
4 years$43,077$41,438$39,871$38,373$36,941$33,502
5 years$34,117$32,488$30,942$29,474$28,082$24,786
6 years$28,145$26,529$25,005$23,571$22,220$19,070
7 years$23,882$22,279$20,780$19,379$18,071$15,067
8 years$20,686$19,097$17,623$16,257$14,992$12,133
9 years$18,201$16,627$15,178$13,847$12,625$9,910
10 years$16,215$14,656$13,233$11,936$10,757$8,183
11 years$14,590$13,048$11,650$10,388$9,252$6,815
12 years$13,238$11,711$10,339$9,112$8,017$5,714
13 years$12,094$10,583$9,237$8,044$6,991$4,818
14 years$11,115$9,620$8,300$7,141$6,128$4,080
15 years$10,267$8,788$7,494$6,368$5,396$3,469
16 years$9,525$8,063$6,794$5,702$4,769$2,958
17 years$8,872$7,425$6,182$5,123$4,229$2,529
18 years$8,292$6,861$5,644$4,617$3,760$2,167
19 years$7,773$6,359$5,166$4,172$3,351$1,860
20 years$7,307$5,909$4,742$3,779$2,993$1,599
21 years$6,886$5,504$4,361$3,429$2,679$1,377
22 years$6,504$5,138$4,020$3,118$2,401$1,187
23 years$6,155$4,805$3,711$2,840$2,155$1,024
24 years$5,836$4,502$3,432$2,590$1,937$884
25 years$5,543$4,225$3,179$2,365$1,743$764
26 years$5,273$3,971$2,948$2,163$1,570$661
27 years$5,023$3,737$2,738$1,980$1,416$571
28 years$4,792$3,522$2,545$1,814$1,277$495
29 years$4,577$3,322$2,369$1,663$1,153$428
30 years$4,376$3,137$2,206$1,526$1,042$371
31 years$4,189$2,966$2,057$1,402$942$321
32 years$4,014$2,806$1,919$1,288$852$278
33 years$3,850$2,658$1,792$1,185$771$241
34 years$3,696$2,519$1,674$1,090$698$209
35 years$3,551$2,389$1,565$1,003$633$181
36 years$3,415$2,268$1,464$924$573$157
37 years$3,286$2,154$1,370$852$519$137
38 years$3,164$2,047$1,283$785$471$118
39 years$3,049$1,946$1,202$724$427$103
40 years$2,939$1,852$1,127$667$387$89
41 years$2,836$1,763$1,057$616$351$77
42 years$2,737$1,679$991$568$319$67
43 years$2,644$1,599$930$525$289$58
44 years$2,555$1,525$873$484$263$51
45 years$2,470$1,454$820$447$238$44
46 years$2,389$1,387$770$413$217$38
47 years$2,311$1,324$723$382$197$33
48 years$2,237$1,264$680$353$179$29
49 years$2,167$1,207$639$326$162$25
50 years$2,099$1,153$601$301$147$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,150,000, adding $6,160 every year, while hoping to spend $20,716 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: 70/15/15 Blend
39$2,150,000$2,150,000$2,150,000$2,150,000
40$2,375,654$2,261,704$2,228,379$2,533,381
41$2,595,929$2,350,486$2,280,988$2,727,805
42$2,837,978$2,442,924$2,334,665$2,937,446
43$3,103,999$2,539,175$2,389,424$3,166,350
44$3,396,417$2,639,403$2,445,279$3,416,412
45$3,717,898$2,743,781$2,502,243$3,689,721
46$4,071,385$2,852,488$2,560,329$3,988,576
47$4,460,116$2,965,710$2,619,551$4,315,508
48$4,887,662$3,083,644$2,679,920$4,673,303
49$5,357,955$3,206,493$2,741,448$5,065,028
50$5,875,328$3,334,473$2,804,148$5,494,061
51$6,444,555$3,467,806$2,868,031$5,964,123
52$7,070,896$3,606,725$2,933,107$6,479,310
53$7,760,148$3,751,475$2,999,386$7,044,132
54$8,518,696$3,902,310$3,066,878$7,663,557
55$9,353,577$4,059,497$3,135,592$8,343,057
56$10,272,544$4,223,315$3,205,537$9,088,657
57$11,284,139$4,394,053$3,276,719$9,906,996
58$12,397,778$4,572,018$3,349,145$10,805,382
59$13,623,831$4,757,526$3,422,821$11,791,869
60$14,973,727$4,950,911$3,497,751$12,875,327
61$16,460,062$5,152,521$3,573,941$14,065,525
62$18,096,712$5,362,718$3,651,391$15,373,226
63$19,898,969$5,581,883$3,730,105$16,810,286
64$21,883,682$5,810,413$3,810,081$18,389,767
65$24,069,419$6,048,725$3,891,320$20,126,055
66$26,476,639$6,297,252$3,973,819$22,035,003
67$29,127,888$6,556,450$4,057,574$24,134,072
68$32,048,010$6,826,793$4,142,580$26,442,500
69$35,264,380$7,108,778$4,228,830$28,981,484
70$38,807,165$7,402,927$4,316,314$31,774,373
71$42,709,608$7,709,782$4,405,022$34,846,896
72$47,008,339$8,029,912$4,494,941$38,227,397
73$51,743,724$8,363,913$4,586,057$41,947,106
74$56,960,246$8,712,407$4,678,352$46,040,431
75$62,706,921$9,076,045$4,771,807$50,545,285
76$69,037,764$9,455,508$4,866,399$55,503,437
77$76,012,298$9,851,509$4,962,105$60,960,911
78$83,696,112$10,264,794$5,058,896$66,968,419
79$92,161,489$10,696,142$5,156,742$73,581,835
80$101,488,078$11,146,370$5,255,610$80,862,725
81$111,763,652$11,616,332$5,355,463$88,878,926
82$123,084,933$12,106,921$5,456,260$97,705,184
83$135,558,509$12,619,073$5,557,957$107,423,861
84$149,301,836$13,153,766$5,660,507$118,125,709
85$164,444,347$13,712,025$5,763,858$129,910,726
86$181,128,677$14,294,920$5,867,954$142,889,102
87$199,512,005$14,903,574$5,972,733$157,182,251
88$219,767,540$15,539,161$6,078,131$172,923,962
89$242,086,158$16,202,908$6,184,077$190,261,659
90$266,678,198$16,896,102$6,290,495$209,357,788
91$293,775,453$17,620,090$6,397,305$230,391,354
92$323,633,354$18,376,279$6,504,420$253,559,604
93$356,533,384$19,166,145$6,611,746$279,079,894
94$392,785,734$19,991,231$6,719,185$307,191,732
95$432,732,231$20,853,154$6,826,630$338,159,041
96$476,749,566$21,753,605$6,933,969$372,272,649
97$525,252,845$22,694,356$7,041,080$409,853,032
98$578,699,516$23,677,260$7,147,837$451,253,334
99$637,593,681$24,704,259$7,254,104$496,862,705
100$702,490,854$25,777,386$7,359,734$547,109,969