Can I retire at age 40 with 2,300,000?

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 $2,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$189,932$188,240$186,589$184,978$183,405$177,534
2 years$94,026$92,275$90,577$88,932$87,336$81,475
3 years$62,061$60,302$58,610$56,980$55,409$49,743
4 years$46,082$44,329$42,653$41,051$39,518$34,089
5 years$36,497$34,754$33,100$31,531$30,041$24,864
6 years$30,109$28,379$26,750$25,215$23,771$18,850
7 years$25,548$23,833$22,229$20,731$19,332$14,667
8 years$22,129$20,429$18,852$17,391$16,038$11,626
9 years$19,471$17,787$16,237$14,813$13,506$9,342
10 years$17,346$15,679$14,156$12,769$11,508$7,585
11 years$15,608$13,958$12,463$11,113$9,897$6,208
12 years$14,161$12,528$11,060$9,747$8,577$5,114
13 years$12,938$11,321$9,882$8,606$7,479$4,234
14 years$11,890$10,291$8,879$7,639$6,556$3,520
15 years$10,983$9,401$8,016$6,813$5,772$2,936
16 years$10,190$8,625$7,268$6,100$5,102$2,456
17 years$9,491$7,943$6,614$5,481$4,524$2,059
18 years$8,870$7,340$6,037$4,939$4,022$1,729
19 years$8,316$6,803$5,527$4,463$3,585$1,455
20 years$7,817$6,321$5,072$4,042$3,202$1,225
21 years$7,366$5,888$4,666$3,669$2,866$1,033
22 years$6,957$5,496$4,300$3,336$2,569$872
23 years$6,585$5,141$3,970$3,038$2,306$737
24 years$6,243$4,816$3,672$2,771$2,072$623
25 years$5,930$4,520$3,401$2,530$1,865$527
26 years$5,641$4,248$3,154$2,314$1,680$445
27 years$5,374$3,998$2,929$2,118$1,514$377
28 years$5,126$3,767$2,723$1,940$1,367$319
29 years$4,896$3,554$2,534$1,779$1,234$270
30 years$4,682$3,356$2,360$1,633$1,115$229
31 years$4,482$3,173$2,200$1,500$1,008$194
32 years$4,294$3,002$2,053$1,378$912$164
33 years$4,119$2,843$1,917$1,267$825$139
34 years$3,954$2,695$1,791$1,166$747$118
35 years$3,799$2,556$1,674$1,073$677$100
36 years$3,653$2,426$1,566$989$613$85
37 years$3,515$2,304$1,466$911$556$72
38 years$3,385$2,190$1,373$840$504$61
39 years$3,261$2,082$1,286$774$457$52
40 years$3,144$1,981$1,206$714$414$44
41 years$3,034$1,886$1,131$659$376$37
42 years$2,928$1,796$1,060$608$341$32
43 years$2,828$1,711$995$561$310$27
44 years$2,733$1,631$934$518$281$23
45 years$2,642$1,555$877$479$255$19
46 years$2,555$1,484$824$442$232$16
47 years$2,473$1,416$774$408$210$14
48 years$2,393$1,352$727$377$191$12
49 years$2,318$1,291$684$349$173$10
50 years$2,246$1,233$643$322$158$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,300,000, adding $3,981 every year, while hoping to spend $25,111 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: 69/20/11 Blend
39$2,300,000$2,300,000$2,300,000$2,300,000
40$2,538,706$2,416,806$2,381,156$2,707,785
41$2,770,937$2,508,512$2,434,207$2,912,224
42$3,026,013$2,603,870$2,488,194$3,132,393
43$3,306,238$2,703,032$2,543,120$3,372,592
44$3,614,151$2,806,157$2,598,992$3,634,786
45$3,952,548$2,913,412$2,655,811$3,921,135
46$4,324,508$3,024,969$2,713,581$4,234,018
47$4,733,426$3,141,011$2,772,304$4,576,055
48$5,183,039$3,261,724$2,831,980$4,950,127
49$5,677,467$3,387,307$2,892,610$5,359,408
50$6,221,249$3,517,964$2,954,192$5,807,391
51$6,819,383$3,653,912$3,016,724$6,297,925
52$7,477,379$3,795,373$3,080,204$6,835,244
53$8,201,308$3,942,582$3,144,626$7,424,012
54$8,997,856$4,095,782$3,209,986$8,069,365
55$9,874,392$4,255,231$3,276,275$8,776,960
56$10,839,036$4,421,193$3,343,486$9,553,024
57$11,900,733$4,593,947$3,411,609$10,404,418
58$13,069,341$4,773,784$3,480,631$11,338,697
59$14,355,721$4,961,006$3,550,539$12,364,181
60$15,771,841$5,155,932$3,621,319$13,490,036
61$17,330,888$5,358,892$3,692,952$14,726,356
62$19,047,393$5,570,232$3,765,421$16,084,261
63$20,937,367$5,790,314$3,838,702$17,575,999
64$23,018,454$6,019,514$3,912,774$19,215,063
65$25,310,094$6,258,228$3,987,609$21,016,314
66$27,833,709$6,506,867$4,063,180$22,996,125
67$30,612,906$6,765,862$4,139,455$25,172,532
68$33,673,696$7,035,663$4,216,401$27,565,405
69$37,044,742$7,316,740$4,293,979$30,196,634
70$40,757,629$7,609,583$4,372,151$33,090,333
71$44,847,162$7,914,707$4,450,873$36,273,070
72$49,351,693$8,232,649$4,530,098$39,774,115
73$54,313,486$8,563,968$4,609,775$43,625,716
74$59,779,110$8,909,251$4,689,852$47,863,402
75$65,799,886$9,269,112$4,770,269$52,526,317
76$72,432,366$9,644,189$4,850,964$57,657,589
77$79,738,866$10,035,154$4,931,870$63,304,737
78$87,788,059$10,442,705$5,012,916$69,520,116
79$96,655,618$10,867,575$5,094,026$76,361,412
80$106,424,934$11,310,528$5,175,119$83,892,184
81$117,187,898$11,772,365$5,256,106$92,182,464
82$129,045,775$12,253,923$5,336,897$101,309,416
83$142,110,154$12,756,075$5,417,393$111,358,063
84$156,504,004$13,279,736$5,497,490$122,422,088
85$172,362,832$13,825,863$5,577,075$134,604,717
86$189,835,967$14,395,456$5,656,033$148,019,692
87$209,087,963$14,989,561$5,734,238$162,792,344
88$230,300,158$15,609,272$5,811,558$179,060,772
89$253,672,381$16,255,734$5,887,852$196,977,147
90$279,424,841$16,930,142$5,962,973$216,709,147
91$307,800,206$17,633,750$6,036,763$238,441,535
92$339,065,890$18,367,867$6,109,058$262,377,905
93$373,516,581$19,133,862$6,179,681$288,742,599
94$411,477,020$19,933,169$6,248,448$317,782,824
95$453,305,069$20,767,287$6,315,164$349,770,984
96$499,395,086$21,637,785$6,379,623$385,007,247
97$550,181,653$22,546,304$6,441,607$423,822,379
98$606,143,669$23,494,561$6,500,889$466,580,861
99$667,808,880$24,484,351$6,557,226$513,684,331
100$735,758,858$25,517,557$6,610,365$565,575,369