Can I retire at age 40 with 2,260,000?

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 $2,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$186,629$184,966$183,344$181,761$180,216$177,449
2 years$92,390$90,670$89,002$87,385$85,817$83,037
3 years$60,982$59,254$57,590$55,989$54,446$51,738
4 years$45,281$43,558$41,911$40,337$38,831$36,217
5 years$35,862$34,150$32,525$30,982$29,519$27,005
6 years$29,585$27,886$26,285$24,777$23,357$20,948
7 years$25,104$23,419$21,843$20,370$18,996$16,691
8 years$21,744$20,074$18,524$17,088$15,759$13,558
9 years$19,132$17,478$15,955$14,555$13,271$11,173
10 years$17,044$15,406$13,910$12,547$11,308$9,311
11 years$15,337$13,715$12,246$10,920$9,725$7,828
12 years$13,915$12,310$10,868$9,578$8,427$6,628
13 years$12,713$11,125$9,710$8,456$7,349$5,644
14 years$11,683$10,112$8,724$7,506$6,442$4,829
15 years$10,792$9,237$7,877$6,694$5,672$4,148
16 years$10,013$8,475$7,142$5,994$5,013$3,574
17 years$9,326$7,805$6,499$5,385$4,445$3,089
18 years$8,716$7,212$5,932$4,853$3,952$2,676
19 years$8,171$6,684$5,431$4,385$3,523$2,323
20 years$7,681$6,211$4,984$3,972$3,146$2,019
21 years$7,238$5,786$4,584$3,605$2,816$1,759
22 years$6,836$5,401$4,225$3,278$2,524$1,533
23 years$6,470$5,051$3,901$2,985$2,266$1,338
24 years$6,135$4,733$3,608$2,722$2,036$1,169
25 years$5,827$4,441$3,342$2,486$1,832$1,023
26 years$5,543$4,174$3,099$2,273$1,651$895
27 years$5,280$3,928$2,878$2,081$1,488$783
28 years$5,037$3,702$2,675$1,906$1,343$686
29 years$4,811$3,492$2,490$1,748$1,213$602
30 years$4,600$3,298$2,319$1,604$1,096$528
31 years$4,404$3,118$2,162$1,474$991$463
32 years$4,220$2,950$2,017$1,354$896$406
33 years$4,047$2,794$1,883$1,245$811$356
34 years$3,885$2,648$1,760$1,146$734$313
35 years$3,733$2,511$1,645$1,055$665$275
36 years$3,589$2,384$1,539$971$602$241
37 years$3,454$2,264$1,441$895$546$212
38 years$3,326$2,152$1,349$825$495$186
39 years$3,205$2,046$1,264$761$449$164
40 years$3,090$1,946$1,185$702$407$144
41 years$2,981$1,853$1,111$647$369$126
42 years$2,877$1,765$1,042$597$335$111
43 years$2,779$1,681$978$551$304$98
44 years$2,685$1,603$918$509$276$86
45 years$2,596$1,528$862$470$251$75
46 years$2,511$1,458$809$434$228$66
47 years$2,430$1,391$760$401$207$58
48 years$2,352$1,328$715$371$188$51
49 years$2,278$1,268$672$343$170$45
50 years$2,207$1,212$631$317$155$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,260,000, adding $2,890 every year, while hoping to spend $20,847 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: 70/22/8 Blend
39$2,260,000$2,260,000$2,260,000$2,260,000
40$2,493,501$2,373,721$2,338,691$2,664,404
41$2,725,657$2,467,852$2,394,856$2,871,992
42$2,980,794$2,565,897$2,452,204$3,096,232
43$3,261,235$2,668,026$2,510,752$3,341,035
44$3,569,537$2,774,415$2,570,519$3,608,417
45$3,908,519$2,885,251$2,631,520$3,900,595
46$4,281,286$3,000,726$2,693,775$4,220,011
47$4,691,260$3,121,044$2,757,299$4,569,353
48$5,142,209$3,246,416$2,822,109$4,951,579
49$5,638,287$3,377,064$2,888,222$5,369,944
50$6,184,070$3,513,217$2,955,655$5,828,034
51$6,784,598$3,655,118$3,024,423$6,329,793
52$7,445,428$3,803,020$3,094,542$6,879,569
53$8,172,680$3,957,186$3,166,027$7,482,143
54$8,973,098$4,117,892$3,238,893$8,142,783
55$9,854,112$4,285,427$3,313,155$8,867,290
56$10,823,912$4,460,093$3,388,825$9,662,051
57$11,891,518$4,642,205$3,465,918$10,534,099
58$13,066,873$4,832,093$3,544,447$11,491,180
59$14,360,930$5,030,102$3,624,422$12,541,825
60$15,785,760$5,236,592$3,705,855$13,695,429
61$17,354,663$5,451,940$3,788,756$14,962,340
62$19,082,294$5,676,541$3,873,136$16,353,955
63$20,984,805$5,910,808$3,959,002$17,882,829
64$23,079,988$6,155,171$4,046,362$19,562,788
65$25,387,455$6,410,083$4,135,223$21,409,064
66$27,928,813$6,676,014$4,225,590$23,438,435
67$30,727,871$6,953,458$4,317,468$25,669,383
68$33,810,869$7,242,933$4,410,858$28,122,267
69$37,206,719$7,544,977$4,505,762$30,819,515
70$40,947,280$7,860,157$4,602,181$33,785,834
71$45,067,661$8,189,063$4,700,112$37,048,443
72$49,606,549$8,532,314$4,799,553$40,637,329
73$54,606,576$8,890,556$4,900,497$44,585,526
74$60,114,721$9,264,468$5,002,938$48,929,430
75$66,182,752$9,654,756$5,106,866$53,709,138
76$72,867,717$10,062,164$5,212,270$58,968,827
77$80,232,480$10,487,465$5,319,137$64,757,167
78$88,346,314$10,931,473$5,427,449$71,127,783
79$97,285,558$11,395,035$5,537,189$78,139,757
80$107,134,335$11,879,042$5,648,335$85,858,185
81$117,985,345$12,384,422$5,760,862$94,354,788
82$129,940,742$12,912,151$5,874,743$103,708,592
83$143,113,098$13,463,246$5,989,947$114,006,665
84$157,626,464$14,038,775$6,106,439$125,344,946
85$173,617,541$14,639,853$6,224,184$137,829,140
86$191,236,974$15,267,650$6,343,137$151,575,720
87$210,650,768$15,923,387$6,463,255$166,713,022
88$232,041,858$16,608,345$6,584,486$183,382,455
89$255,611,839$17,323,865$6,706,777$201,739,831
90$281,582,861$18,071,350$6,830,069$221,956,839
91$310,199,734$18,852,267$6,954,298$244,222,657
92$341,732,234$19,668,155$7,079,394$268,745,741
93$376,477,651$20,520,623$7,205,282$295,755,785
94$414,763,595$21,411,358$7,331,883$325,505,891
95$456,951,091$22,342,123$7,459,110$358,274,952
96$503,437,981$23,314,766$7,586,869$394,370,286
97$554,662,687$24,331,222$7,715,062$434,130,527
98$611,108,346$25,393,516$7,843,580$477,928,827
99$673,307,369$26,503,770$7,972,312$526,176,369
100$741,846,470$27,664,204$8,101,134$579,326,245