Can I retire at age 40 with 2,160,000?

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$178,371$176,782$175,232$173,719$172,241$167,670
2 years$88,302$86,658$85,064$83,519$82,020$77,445
3 years$58,283$56,632$55,042$53,511$52,037$47,603
4 years$43,277$41,630$40,057$38,552$37,113$32,855
5 years$34,275$32,639$31,085$29,611$28,213$24,141
6 years$28,276$26,652$25,122$23,681$22,324$18,443
7 years$23,993$22,382$20,876$19,469$18,155$14,465
8 years$20,782$19,186$17,705$16,332$15,061$11,560
9 years$18,286$16,705$15,249$13,911$12,684$9,368
10 years$16,290$14,724$13,294$11,992$10,807$7,674
11 years$14,658$13,108$11,704$10,436$9,295$6,338
12 years$13,299$11,765$10,387$9,154$8,055$5,269
13 years$12,150$10,632$9,280$8,082$7,024$4,404
14 years$11,166$9,664$8,338$7,174$6,157$3,697
15 years$10,314$8,829$7,528$6,398$5,421$3,114
16 years$9,570$8,100$6,826$5,729$4,791$2,631
17 years$8,913$7,460$6,211$5,147$4,248$2,229
18 years$8,330$6,893$5,670$4,639$3,777$1,891
19 years$7,809$6,389$5,191$4,191$3,367$1,608
20 years$7,341$5,937$4,764$3,796$3,007$1,369
21 years$6,918$5,530$4,382$3,445$2,691$1,167
22 years$6,534$5,162$4,038$3,133$2,412$996
23 years$6,184$4,828$3,729$2,853$2,165$850
24 years$5,863$4,523$3,448$2,602$1,946$727
25 years$5,569$4,245$3,194$2,376$1,751$621
26 years$5,297$3,990$2,962$2,173$1,578$532
27 years$5,047$3,755$2,751$1,989$1,422$455
28 years$4,814$3,538$2,557$1,822$1,283$390
29 years$4,598$3,338$2,380$1,671$1,159$334
30 years$4,397$3,152$2,216$1,533$1,047$286
31 years$4,209$2,980$2,066$1,408$947$245
32 years$4,033$2,819$1,928$1,294$856$210
33 years$3,868$2,670$1,800$1,190$775$180
34 years$3,713$2,531$1,682$1,095$702$155
35 years$3,568$2,400$1,573$1,008$636$133
36 years$3,431$2,278$1,471$928$576$114
37 years$3,301$2,164$1,377$855$522$98
38 years$3,179$2,056$1,289$788$473$84
39 years$3,063$1,955$1,208$727$429$72
40 years$2,953$1,860$1,132$671$389$62
41 years$2,849$1,771$1,062$619$353$53
42 years$2,750$1,687$996$571$320$45
43 years$2,656$1,607$935$527$291$39
44 years$2,566$1,532$877$487$264$33
45 years$2,481$1,461$824$449$240$29
46 years$2,400$1,393$774$415$218$25
47 years$2,322$1,330$727$384$198$21
48 years$2,248$1,269$683$354$179$18
49 years$2,177$1,212$642$328$163$16
50 years$2,109$1,158$604$303$148$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,160,000, adding $5,049 every year, while hoping to spend $55,912 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: 33/48/19 Blend
39$2,160,000$2,160,000$2,160,000$2,160,000
40$2,385,528$2,271,048$2,237,568$2,450,088
41$2,569,362$2,322,839$2,253,037$2,550,168
42$2,770,073$2,375,295$2,267,149$2,652,461
43$2,989,324$2,428,387$2,279,802$2,761,535
44$3,228,944$2,482,088$2,290,885$2,878,017
45$3,490,949$2,536,363$2,300,282$3,002,602
46$3,777,557$2,591,176$2,307,873$3,136,055
47$4,091,211$2,646,486$2,313,530$3,279,218
48$4,434,600$2,702,250$2,317,119$3,433,021
49$4,810,687$2,758,417$2,318,499$3,598,490
50$5,222,732$2,814,936$2,317,525$3,776,754
51$5,674,330$2,871,746$2,314,041$3,969,060
52$6,169,435$2,928,785$2,307,884$4,176,783
53$6,712,404$2,985,983$2,298,886$4,401,440
54$7,308,038$3,043,264$2,286,867$4,644,704
55$7,961,622$3,100,548$2,271,641$4,908,418
56$8,678,979$3,157,746$2,253,012$5,194,618
57$9,466,522$3,214,763$2,230,775$5,505,548
58$10,331,316$3,271,496$2,204,716$5,843,684
59$11,281,145$3,327,834$2,174,608$6,211,755
60$12,324,581$3,383,657$2,140,217$6,612,774
61$13,471,070$3,438,838$2,101,296$7,050,063
62$14,731,016$3,493,238$2,057,586$7,527,285
63$16,115,882$3,546,709$2,008,818$8,048,481
64$17,638,297$3,599,093$1,954,708$8,618,109
65$19,312,175$3,650,219$1,894,962$9,241,086
66$21,152,843$3,699,906$1,829,269$9,922,832
67$23,177,190$3,747,959$1,757,307$10,669,330
68$25,403,823$3,794,169$1,678,737$11,487,173
69$27,853,244$3,838,314$1,593,206$12,383,637
70$30,548,040$3,880,157$1,500,343$13,366,744
71$33,513,099$3,919,443$1,399,763$14,445,341
72$36,775,842$3,955,903$1,291,062$15,629,185
73$40,366,484$3,989,248$1,173,819$16,929,037
74$44,318,315$4,019,171$1,047,592$18,356,762
75$48,668,019$4,045,346$911,922$19,925,445
76$53,456,013$4,067,425$766,328$21,649,517
77$58,726,835$4,085,037$610,308$23,544,887
78$64,529,557$4,097,788$443,338$25,629,102
79$70,918,253$4,105,261$264,871$27,921,509
80$77,952,506$4,107,010$74,336$30,443,438
81$85,697,972$4,102,564$0$33,218,414
82$94,226,996$4,091,421$0$36,298,521
83$103,619,297$4,073,048$0$39,703,987
84$113,962,719$4,046,881$0$43,451,384
85$125,354,059$4,012,321$0$47,575,613
86$137,899,981$3,968,732$0$52,115,141
87$151,718,021$3,915,442$0$57,112,371
88$166,937,696$3,851,736$0$62,614,045
89$183,701,728$3,776,858$0$68,671,681
90$202,167,388$3,690,007$0$75,342,069
91$222,507,979$3,590,336$0$82,687,804
92$244,914,476$3,476,945$0$90,777,882
93$269,597,322$3,348,885$0$99,688,355
94$296,788,417$3,205,149$0$109,503,046
95$326,743,308$3,044,673$0$120,314,351
96$359,743,595$2,866,332$0$132,224,108
97$396,099,594$2,668,935$0$145,344,567
98$436,153,263$2,451,223$0$159,799,449
99$480,281,429$2,211,866$0$175,725,119
100$528,899,345$1,949,457$0$193,271,878