Can I retire at age 40 with 2,230,000?

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 $2,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$184,151$182,511$180,911$179,349$177,823$172,200
2 years$91,164$89,466$87,821$86,225$84,678$79,063
3 years$60,172$58,467$56,826$55,245$53,723$48,294
4 years$44,679$42,980$41,355$39,801$38,316$33,113
5 years$35,386$33,696$32,093$30,571$29,127$24,165
6 years$29,193$27,516$25,936$24,448$23,047$18,330
7 years$24,771$23,108$21,553$20,100$18,744$14,271
8 years$21,455$19,808$18,278$16,861$15,550$11,318
9 years$18,878$17,246$15,743$14,362$13,095$9,100
10 years$16,818$15,202$13,725$12,380$11,158$7,393
11 years$15,133$13,533$12,084$10,775$9,596$6,056
12 years$13,730$12,147$10,724$9,451$8,316$4,992
13 years$12,544$10,977$9,581$8,344$7,251$4,136
14 years$11,528$9,978$8,609$7,407$6,357$3,440
15 years$10,649$9,115$7,772$6,605$5,597$2,872
16 years$9,880$8,363$7,047$5,914$4,946$2,404
17 years$9,202$7,702$6,412$5,314$4,386$2,017
18 years$8,600$7,117$5,854$4,789$3,900$1,695
19 years$8,062$6,596$5,359$4,327$3,476$1,427
20 years$7,579$6,129$4,918$3,919$3,105$1,203
21 years$7,142$5,709$4,524$3,557$2,778$1,015
22 years$6,746$5,329$4,169$3,234$2,490$858
23 years$6,384$4,984$3,850$2,945$2,236$725
24 years$6,053$4,670$3,560$2,686$2,009$613
25 years$5,749$4,382$3,297$2,453$1,808$519
26 years$5,469$4,119$3,058$2,243$1,629$439
27 years$5,210$3,876$2,840$2,053$1,468$372
28 years$4,970$3,653$2,640$1,881$1,325$315
29 years$4,747$3,446$2,457$1,725$1,196$267
30 years$4,539$3,254$2,288$1,583$1,081$227
31 years$4,345$3,076$2,133$1,454$977$192
32 years$4,164$2,911$1,990$1,336$884$163
33 years$3,994$2,757$1,858$1,229$800$138
34 years$3,834$2,613$1,736$1,131$724$117
35 years$3,683$2,478$1,623$1,041$656$99
36 years$3,542$2,352$1,519$959$594$84
37 years$3,408$2,234$1,421$883$539$72
38 years$3,282$2,123$1,331$814$488$61
39 years$3,162$2,019$1,247$751$443$52
40 years$3,049$1,921$1,169$692$402$44
41 years$2,941$1,828$1,096$639$365$37
42 years$2,839$1,741$1,028$589$331$32
43 years$2,742$1,659$965$544$300$27
44 years$2,650$1,581$906$502$272$23
45 years$2,561$1,508$850$464$247$19
46 years$2,477$1,439$799$429$225$16
47 years$2,397$1,373$750$396$204$14
48 years$2,321$1,311$705$366$185$12
49 years$2,247$1,252$663$338$168$10
50 years$2,177$1,195$623$313$153$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,230,000, adding $4,969 every year, while hoping to spend $49,454 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: 57/36/7 Blend
39$2,230,000$2,230,000$2,230,000$2,230,000
40$2,462,586$2,344,396$2,309,831$2,598,890
41$2,661,151$2,406,652$2,334,591$2,753,430
42$2,878,312$2,470,302$2,358,524$2,915,735
43$3,115,914$2,535,361$2,381,549$3,091,351
44$3,375,987$2,601,844$2,403,581$3,281,552
45$3,660,770$2,669,766$2,424,532$3,487,743
46$3,972,723$2,739,140$2,444,309$3,711,469
47$4,314,561$2,809,977$2,462,813$3,954,432
48$4,689,269$2,882,289$2,479,941$4,218,504
49$5,100,138$2,956,085$2,495,582$4,505,748
50$5,550,792$3,031,373$2,509,624$4,818,435
51$6,045,221$3,108,158$2,521,944$5,159,065
52$6,587,821$3,186,446$2,532,418$5,530,393
53$7,183,436$3,266,239$2,540,910$5,935,452
54$7,837,398$3,347,536$2,547,283$6,377,582
55$8,555,584$3,430,337$2,551,388$6,860,463
56$9,344,466$3,514,636$2,553,072$7,388,148
57$10,211,175$3,600,426$2,552,174$7,965,102
58$11,163,566$3,687,698$2,548,522$8,596,242
59$12,210,292$3,776,438$2,541,941$9,286,988
60$13,360,888$3,866,630$2,532,242$10,043,308
61$14,625,857$3,958,253$2,519,230$10,871,778
62$16,016,771$4,051,283$2,502,700$11,779,644
63$17,546,378$4,145,693$2,482,438$12,774,887
64$19,228,727$4,241,450$2,458,217$13,866,303
65$21,079,292$4,338,516$2,429,803$15,063,582
66$23,115,126$4,436,850$2,396,947$16,377,401
67$25,355,016$4,536,403$2,359,392$17,819,525
68$27,819,663$4,637,121$2,316,867$19,402,916
69$30,531,874$4,738,946$2,269,087$21,141,860
70$33,516,781$4,841,810$2,215,757$23,052,096
71$36,802,073$4,945,640$2,156,567$25,150,966
72$40,418,263$5,050,355$2,091,190$27,457,583
73$44,398,970$5,155,865$2,019,288$29,993,006
74$48,781,237$5,262,075$1,940,507$32,780,441
75$53,605,882$5,368,876$1,854,473$35,845,463
76$58,917,884$5,476,152$1,760,799$39,216,250
77$64,766,802$5,583,778$1,659,080$42,923,858
78$71,207,247$5,691,615$1,548,891$47,002,507
79$78,299,396$5,799,514$1,429,789$51,489,908
80$86,109,559$5,907,314$1,301,310$56,427,619
81$94,710,802$6,014,840$1,162,972$61,861,436
82$104,183,640$6,121,904$1,014,269$67,841,826
83$114,616,797$6,228,303$854,673$74,424,406
84$126,108,039$6,333,818$683,632$81,670,463
85$138,765,097$6,438,214$500,573$89,647,540
86$152,706,688$6,541,237$304,892$98,430,067
87$168,063,629$6,642,616$95,965$108,100,068
88$184,980,074$6,742,060$0$118,747,937
89$203,614,877$6,839,256$0$130,482,773
90$224,143,085$6,933,870$0$143,413,134
91$246,757,594$7,025,544$0$157,652,876
92$271,670,969$7,113,895$0$173,335,373
93$299,117,446$7,198,515$0$190,607,606
94$329,355,150$7,278,966$0$209,631,546
95$362,668,523$7,354,783$0$230,585,689
96$399,371,012$7,425,468$0$253,666,736
97$439,808,031$7,490,491$0$279,091,453
98$484,360,212$7,549,287$0$307,098,718
99$533,447,006$7,601,255$0$337,951,778
100$587,530,638$7,645,754$0$371,940,733