Can I retire at age 40 with 2,180,000?

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 $2,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$180,022$178,419$176,854$175,327$173,836$172,092
2 years$89,120$87,460$85,852$84,292$82,779$81,023
3 years$58,823$57,156$55,552$54,007$52,519$50,804
4 years$43,678$42,016$40,427$38,909$37,457$35,797
5 years$34,593$32,941$31,373$29,886$28,474$26,875
6 years$28,538$26,899$25,354$23,900$22,530$20,993
7 years$24,215$22,590$21,070$19,649$18,323$16,849
8 years$20,974$19,363$17,869$16,483$15,201$13,789
9 years$18,455$16,859$15,390$14,040$12,801$11,451
10 years$16,441$14,861$13,418$12,103$10,907$9,619
11 years$14,794$13,230$11,813$10,533$9,381$8,152
12 years$13,422$11,874$10,483$9,239$8,129$6,959
13 years$12,263$10,731$9,366$8,157$7,089$5,977
14 years$11,270$9,754$8,416$7,240$6,214$5,158
15 years$10,410$8,910$7,598$6,457$5,471$4,470
16 years$9,658$8,175$6,889$5,782$4,836$3,887
17 years$8,996$7,529$6,269$5,195$4,288$3,390
18 years$8,407$6,957$5,722$4,682$3,812$2,964
19 years$7,882$6,448$5,239$4,230$3,398$2,597
20 years$7,409$5,992$4,808$3,831$3,035$2,280
21 years$6,982$5,581$4,422$3,477$2,716$2,005
22 years$6,594$5,210$4,076$3,162$2,435$1,765
23 years$6,241$4,872$3,763$2,879$2,185$1,556
24 years$5,918$4,565$3,480$2,626$1,964$1,374
25 years$5,620$4,284$3,223$2,398$1,768$1,214
26 years$5,347$4,026$2,990$2,193$1,592$1,073
27 years$5,093$3,789$2,776$2,007$1,435$949
28 years$4,859$3,571$2,581$1,839$1,295$840
29 years$4,641$3,369$2,402$1,686$1,170$744
30 years$4,438$3,181$2,237$1,548$1,057$660
31 years$4,248$3,007$2,086$1,421$955$585
32 years$4,070$2,846$1,946$1,306$864$519
33 years$3,904$2,695$1,817$1,201$782$460
34 years$3,748$2,554$1,698$1,105$708$409
35 years$3,601$2,422$1,587$1,017$641$363
36 years$3,462$2,299$1,485$937$581$322
37 years$3,332$2,184$1,390$863$527$286
38 years$3,208$2,075$1,301$796$478$254
39 years$3,091$1,973$1,219$734$433$226
40 years$2,980$1,878$1,143$677$393$201
41 years$2,875$1,787$1,072$624$356$178
42 years$2,775$1,702$1,005$576$323$159
43 years$2,681$1,622$943$532$293$141
44 years$2,590$1,546$885$491$266$125
45 years$2,504$1,474$831$454$242$111
46 years$2,422$1,406$781$419$220$99
47 years$2,344$1,342$734$387$199$88
48 years$2,269$1,281$689$358$181$78
49 years$2,197$1,223$648$331$164$70
50 years$2,128$1,169$609$306$149$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,180,000, adding $3,307 every year, while hoping to spend $22,957 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: 68/8/24 Blend
39$2,180,000$2,180,000$2,180,000$2,180,000
40$2,405,771$2,290,231$2,256,441$2,554,395
41$2,626,734$2,378,026$2,307,606$2,742,298
42$2,869,465$2,469,354$2,359,715$2,944,843
43$3,136,161$2,564,363$2,412,776$3,165,894
44$3,429,242$2,663,209$2,466,797$3,407,278
45$3,751,372$2,766,054$2,521,782$3,671,007
46$4,105,489$2,873,068$2,577,739$3,959,299
47$4,494,827$2,984,426$2,634,671$4,274,593
48$4,922,951$3,100,315$2,692,584$4,619,578
49$5,393,788$3,220,926$2,751,481$4,997,212
50$5,911,663$3,346,460$2,811,365$5,410,756
51$6,481,345$3,477,129$2,872,238$5,863,800
52$7,108,085$3,613,151$2,934,101$6,360,299
53$7,797,671$3,754,757$2,996,954$6,904,608
54$8,556,478$3,902,184$3,060,796$7,501,526
55$9,391,531$4,055,684$3,125,626$8,156,337
56$10,310,573$4,215,518$3,191,440$8,874,865
57$11,322,131$4,381,958$3,258,233$9,663,521
58$12,435,605$4,555,290$3,326,000$10,529,371
59$13,661,349$4,735,812$3,394,733$11,480,199
60$15,010,774$4,923,835$3,464,425$12,524,579
61$16,496,454$5,119,683$3,535,064$13,671,958
62$18,132,243$5,323,698$3,606,639$14,932,743
63$19,933,406$5,536,234$3,679,136$16,318,401
64$21,916,766$5,757,661$3,752,539$17,841,564
65$24,100,858$5,988,369$3,826,831$19,516,151
66$26,506,108$6,228,761$3,901,992$21,357,498
67$29,155,022$6,479,262$3,978,001$23,382,499
68$32,072,403$6,740,314$4,054,832$25,609,772
69$35,285,579$7,012,381$4,132,459$28,059,829
70$38,824,665$7,295,944$4,210,854$30,755,269
71$42,722,846$7,591,511$4,289,983$33,720,996
72$47,016,692$7,899,610$4,369,813$36,984,447
73$51,746,497$8,220,794$4,450,304$40,575,856
74$56,956,666$8,555,639$4,531,416$44,528,536
75$62,696,132$8,904,751$4,613,104$48,879,196
76$69,018,814$9,268,761$4,695,320$53,668,281
77$75,984,132$9,648,329$4,778,012$58,940,361
78$83,657,562$10,044,146$4,861,124$64,744,546
79$92,111,258$10,456,934$4,944,596$71,134,951
80$101,424,731$10,887,448$5,028,365$78,171,205
81$111,685,599$11,336,479$5,112,361$85,919,016
82$122,990,415$11,804,851$5,196,510$94,450,787
83$135,445,579$12,293,430$5,280,734$103,846,304
84$149,168,338$12,803,119$5,364,949$114,193,483
85$164,287,900$13,334,862$5,449,066$125,589,203
86$180,946,644$13,889,650$5,532,989$138,140,219
87$199,301,475$14,468,515$5,616,616$151,964,169
88$219,525,293$15,072,540$5,699,841$167,190,683
89$241,808,636$15,702,858$5,782,548$183,962,608
90$266,361,470$16,360,651$5,864,617$202,437,356
91$293,415,176$17,047,159$5,945,918$222,788,385
92$323,224,733$17,763,679$6,026,315$245,206,841
93$356,071,123$18,511,566$6,105,663$269,903,360
94$392,263,984$19,292,240$6,183,810$297,110,054
95$432,144,536$20,107,185$6,260,594$327,082,704
96$476,088,798$20,957,956$6,335,842$360,103,171
97$524,511,138$21,846,179$6,409,376$396,482,060
98$577,868,187$22,773,554$6,481,003$436,561,645
99$636,663,148$23,741,864$6,550,522$480,719,108
100$701,450,546$24,752,972$6,617,722$529,370,090