Can I retire at age 40 with 2,240,000?

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 $2,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$184,977$183,329$181,722$180,153$178,621$177,272
2 years$91,573$89,867$88,215$86,612$85,057$83,698
3 years$60,442$58,729$57,081$55,493$53,964$52,635
4 years$44,880$43,172$41,540$39,980$38,488$37,200
5 years$35,545$33,848$32,237$30,708$29,258$28,015
6 years$29,324$27,639$26,052$24,558$23,151$21,955
7 years$24,882$23,211$21,649$20,190$18,828$17,679
8 years$21,552$19,896$18,360$16,937$15,619$14,518
9 years$18,963$17,323$15,814$14,427$13,154$12,100
10 years$16,893$15,270$13,787$12,436$11,208$10,200
11 years$15,201$13,594$12,138$10,823$9,639$8,677
12 years$13,792$12,201$10,772$9,493$8,353$7,435
13 years$12,600$11,026$9,624$8,381$7,284$6,410
14 years$11,580$10,022$8,647$7,440$6,385$5,554
15 years$10,696$9,156$7,807$6,635$5,622$4,832
16 years$9,924$8,400$7,078$5,941$4,969$4,219
17 years$9,243$7,736$6,441$5,338$4,406$3,695
18 years$8,639$7,149$5,880$4,810$3,917$3,245
19 years$8,099$6,625$5,383$4,347$3,491$2,856
20 years$7,613$6,157$4,940$3,937$3,119$2,518
21 years$7,174$5,735$4,544$3,573$2,791$2,224
22 years$6,776$5,353$4,188$3,249$2,502$1,967
23 years$6,413$5,007$3,867$2,959$2,246$1,742
24 years$6,080$4,691$3,576$2,698$2,018$1,545
25 years$5,775$4,402$3,312$2,464$1,816$1,371
26 years$5,494$4,137$3,072$2,253$1,636$1,218
27 years$5,234$3,894$2,853$2,062$1,475$1,083
28 years$4,992$3,669$2,652$1,890$1,331$963
29 years$4,768$3,461$2,468$1,733$1,202$857
30 years$4,560$3,269$2,299$1,590$1,086$764
31 years$4,365$3,090$2,143$1,461$982$680
32 years$4,182$2,924$1,999$1,342$888$606
33 years$4,012$2,769$1,867$1,234$804$541
34 years$3,851$2,624$1,744$1,136$728$482
35 years$3,700$2,489$1,631$1,045$659$430
36 years$3,558$2,363$1,526$963$597$384
37 years$3,423$2,244$1,428$887$541$343
38 years$3,296$2,132$1,337$818$491$306
39 years$3,176$2,028$1,253$754$445$273
40 years$3,062$1,929$1,174$695$404$244
41 years$2,954$1,836$1,101$642$366$218
42 years$2,852$1,749$1,033$592$332$195
43 years$2,754$1,666$969$547$302$174
44 years$2,661$1,588$910$505$274$156
45 years$2,573$1,515$854$466$248$139
46 years$2,489$1,445$802$431$226$124
47 years$2,408$1,379$754$398$205$111
48 years$2,331$1,316$708$368$186$99
49 years$2,257$1,257$666$340$169$89
50 years$2,187$1,201$626$314$153$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,240,000, adding $6,348 every year, while hoping to spend $47,138 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: 75/5/20 Blend
39$2,240,000$2,240,000$2,240,000$2,240,000
40$2,475,028$2,356,308$2,321,588$2,648,510
41$2,677,326$2,421,613$2,349,207$2,829,701
42$2,898,679$2,488,537$2,376,171$3,021,868
43$3,140,981$2,557,112$2,402,409$3,231,289
44$3,406,316$2,627,365$2,427,844$3,459,675
45$3,696,981$2,699,327$2,452,398$3,708,908
46$4,015,506$2,773,027$2,475,986$3,981,063
47$4,364,675$2,848,493$2,498,519$4,278,426
48$4,747,557$2,925,754$2,519,905$4,603,513
49$5,167,529$3,004,838$2,540,043$4,959,099
50$5,628,314$3,085,772$2,558,832$5,348,240
51$6,134,011$3,168,583$2,576,161$5,774,303
52$6,689,134$3,253,298$2,591,917$6,240,996
53$7,298,658$3,339,941$2,605,978$6,752,409
54$7,968,061$3,428,538$2,618,218$7,313,044
55$8,703,379$3,519,112$2,628,504$7,927,863
56$9,511,260$3,611,685$2,636,695$8,602,334
57$10,399,029$3,706,279$2,642,645$9,342,482
58$11,374,756$3,802,912$2,646,200$10,154,946
59$12,447,330$3,901,604$2,647,197$11,047,041
60$13,626,546$4,002,371$2,645,466$12,026,826
61$14,923,194$4,105,227$2,640,830$13,103,186
62$16,349,163$4,210,186$2,633,100$14,285,908
63$17,917,550$4,317,258$2,622,081$15,585,778
64$19,642,786$4,426,450$2,607,567$17,014,681
65$21,540,773$4,537,768$2,589,343$18,585,715
66$23,629,029$4,651,216$2,567,183$20,313,313
67$25,926,856$4,766,792$2,540,850$22,213,380
68$28,455,523$4,884,493$2,510,097$24,303,443
69$31,238,465$5,004,311$2,474,663$26,602,817
70$34,301,501$5,126,235$2,434,277$29,132,786
71$37,673,083$5,250,250$2,388,655$31,916,806
72$41,384,562$5,376,336$2,337,498$34,980,725
73$45,470,478$5,504,468$2,280,496$38,353,027
74$49,968,896$5,634,616$2,217,322$42,065,103
75$54,921,757$5,766,745$2,147,635$46,151,545
76$60,375,274$5,900,813$2,071,079$50,650,473
77$66,380,372$6,036,773$1,987,280$55,603,897
78$72,993,164$6,174,570$1,895,849$61,058,112
79$80,275,485$6,314,141$1,796,377$67,064,136
80$88,295,468$6,455,418$1,688,440$73,678,191
81$97,128,194$6,598,322$1,571,590$80,962,235
82$106,856,395$6,742,765$1,445,364$88,984,546
83$117,571,239$6,888,652$1,309,275$97,820,369
84$129,373,184$7,035,875$1,162,815$107,552,623
85$142,372,933$7,184,316$1,005,453$118,272,688
86$156,692,472$7,333,848$836,636$130,081,265
87$172,466,225$7,484,328$655,784$143,089,329
88$189,842,322$7,635,601$462,295$157,419,177
89$208,983,993$7,787,500$255,536$173,205,580
90$230,071,115$7,939,842$34,850$190,597,059
91$253,301,901$8,092,427$0$209,757,289
92$278,894,779$8,245,039$0$230,909,461
93$307,090,447$8,397,447$0$254,220,244
94$338,154,147$8,549,397$0$279,901,403
95$372,378,170$8,700,618$0$308,194,500
96$410,084,611$8,850,815$0$339,365,731
97$451,628,411$8,999,675$0$373,708,436
98$497,400,706$9,146,856$0$411,545,872
99$547,832,521$9,291,994$0$453,234,259
100$603,398,834$9,434,698$0$499,166,146