Can I retire at age 40 with 2,280,000?

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 $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$188,280$186,603$184,967$183,370$181,810$176,415
2 years$93,208$91,472$89,790$88,159$86,576$81,185
3 years$61,521$59,778$58,100$56,484$54,928$49,709
4 years$45,681$43,943$42,282$40,694$39,175$34,170
5 years$36,180$34,452$32,812$31,257$29,780$25,002
6 years$29,847$28,133$26,517$24,996$23,564$19,017
7 years$25,326$23,626$22,036$20,551$19,164$14,848
8 years$21,936$20,252$18,688$17,239$15,898$11,810
9 years$19,302$17,633$16,096$14,684$13,389$9,525
10 years$17,195$15,542$14,033$12,658$11,408$7,763
11 years$15,472$13,836$12,354$11,016$9,811$6,379
12 years$14,038$12,419$10,964$9,663$8,502$5,275
13 years$12,825$11,223$9,796$8,531$7,414$4,385
14 years$11,787$10,201$8,802$7,573$6,499$3,661
15 years$10,887$9,319$7,947$6,753$5,722$3,067
16 years$10,101$8,550$7,205$6,047$5,057$2,576
17 years$9,408$7,874$6,556$5,433$4,484$2,169
18 years$8,793$7,276$5,985$4,896$3,987$1,830
19 years$8,243$6,744$5,479$4,424$3,554$1,547
20 years$7,749$6,266$5,028$4,007$3,174$1,309
21 years$7,302$5,837$4,625$3,637$2,841$1,109
22 years$6,897$5,449$4,263$3,307$2,546$940
23 years$6,527$5,096$3,936$3,011$2,286$798
24 years$6,189$4,775$3,640$2,747$2,054$678
25 years$5,878$4,481$3,371$2,508$1,849$576
26 years$5,592$4,211$3,127$2,293$1,665$489
27 years$5,327$3,963$2,903$2,099$1,501$416
28 years$5,082$3,734$2,699$1,923$1,355$354
29 years$4,854$3,523$2,512$1,764$1,223$301
30 years$4,641$3,327$2,340$1,619$1,105$257
31 years$4,443$3,145$2,181$1,487$999$218
32 years$4,257$2,976$2,035$1,366$904$186
33 years$4,083$2,818$1,900$1,256$818$158
34 years$3,920$2,671$1,775$1,156$741$135
35 years$3,766$2,534$1,660$1,064$671$115
36 years$3,621$2,405$1,553$980$608$98
37 years$3,484$2,284$1,453$903$551$84
38 years$3,355$2,171$1,361$832$499$71
39 years$3,233$2,064$1,275$767$453$61
40 years$3,117$1,964$1,195$708$411$52
41 years$3,007$1,869$1,121$653$373$44
42 years$2,903$1,780$1,051$603$338$38
43 years$2,803$1,696$986$556$307$32
44 years$2,709$1,617$926$514$279$27
45 years$2,619$1,542$869$474$253$23
46 years$2,533$1,471$817$438$230$20
47 years$2,451$1,404$767$405$209$17
48 years$2,373$1,340$721$374$189$14
49 years$2,298$1,280$678$346$172$12
50 years$2,226$1,222$637$320$156$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,280,000, adding $5,636 every year, while hoping to spend $42,668 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: 39/42/19 Blend
39$2,280,000$2,280,000$2,280,000$2,280,000
40$2,518,374$2,397,534$2,362,194$2,602,116
41$2,729,849$2,469,614$2,395,929$2,734,803
42$2,961,465$2,543,797$2,429,364$2,873,691
43$3,215,231$2,620,139$2,462,444$3,022,984
44$3,493,360$2,698,701$2,495,111$3,183,647
45$3,798,288$2,779,543$2,527,302$3,356,742
46$4,132,700$2,862,727$2,558,953$3,543,438
47$4,499,551$2,948,317$2,589,995$3,745,020
48$4,902,100$3,036,378$2,620,354$3,962,901
49$5,343,931$3,126,978$2,649,953$4,198,639
50$5,828,996$3,220,185$2,678,710$4,453,945
51$6,361,648$3,316,068$2,706,541$4,730,703
52$6,946,680$3,414,699$2,733,354$5,030,988
53$7,589,374$3,516,152$2,759,054$5,357,084
54$8,295,548$3,620,501$2,783,540$5,711,504
55$9,071,611$3,727,823$2,806,706$6,097,016
56$9,924,625$3,838,196$2,828,440$6,516,668
57$10,862,370$3,951,700$2,848,626$6,973,815
58$11,893,415$4,068,417$2,867,139$7,472,153
59$13,027,204$4,188,430$2,883,849$8,015,751
60$14,274,141$4,311,825$2,898,619$8,609,092
61$15,645,687$4,438,689$2,911,307$9,257,112
62$17,154,472$4,569,109$2,921,761$9,965,249
63$18,814,410$4,703,177$2,929,822$10,739,491
64$20,640,833$4,840,986$2,935,323$11,586,435
65$22,650,632$4,982,628$2,938,091$12,513,350
66$24,862,420$5,128,201$2,937,941$13,528,240
67$27,296,706$5,277,802$2,934,681$14,639,925
68$29,976,086$5,431,530$2,928,108$15,858,122
69$32,925,458$5,589,487$2,918,012$17,193,534
70$36,172,259$5,751,775$2,904,169$18,657,954
71$39,746,718$5,918,501$2,886,348$20,264,376
72$43,682,146$6,089,771$2,864,303$22,027,116
73$48,015,248$6,265,692$2,837,780$23,961,945
74$52,786,468$6,446,375$2,806,510$26,086,242
75$58,040,372$6,631,933$2,770,213$28,419,156
76$63,826,070$6,822,477$2,728,595$30,981,785
77$70,197,675$7,018,124$2,681,349$33,797,377
78$77,214,816$7,218,991$2,628,152$36,891,547
79$84,943,200$7,425,194$2,568,668$40,292,521
80$93,455,233$7,636,855$2,502,544$44,031,401
81$102,830,699$7,854,093$2,429,412$48,142,459
82$113,157,518$8,077,031$2,348,885$52,663,459
83$124,532,573$8,305,794$2,260,560$57,636,014
84$137,062,622$8,540,504$2,164,016$63,105,981
85$150,865,309$8,781,289$2,058,811$69,123,888
86$166,070,274$9,028,275$1,944,484$75,745,419
87$182,820,370$9,281,589$1,820,553$83,031,930
88$201,273,021$9,541,360$1,686,514$91,051,037
89$221,601,699$9,807,716$1,541,842$99,877,249
90$243,997,565$10,080,787$1,385,986$109,592,672
91$268,671,273$10,360,702$1,218,373$120,287,786
92$295,854,957$10,647,591$1,038,403$132,062,297
93$325,804,422$10,941,582$845,449$145,026,079
94$358,801,558$11,242,805$638,856$159,300,212
95$395,157,002$11,551,388$417,944$175,018,125
96$435,213,069$11,867,458$181,997$192,326,853
97$479,346,982$12,191,143$0$211,388,431
98$527,974,432$12,522,567$0$232,395,567
99$581,553,505$12,861,854$0$255,571,178
100$640,589,002$13,209,124$0$281,095,334