Can I retire at age 40 with 2,320,000?

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 $2,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$191,583$189,877$188,212$186,587$185,000$179,582
2 years$94,843$93,077$91,365$89,705$88,095$82,680
3 years$62,601$60,827$59,119$57,475$55,891$50,649
4 years$46,483$44,714$43,024$41,408$39,862$34,834
5 years$36,814$35,056$33,388$31,805$30,303$25,501
6 years$30,371$28,626$26,983$25,435$23,977$19,407
7 years$25,770$24,040$22,423$20,911$19,500$15,161
8 years$22,321$20,607$19,016$17,542$16,177$12,067
9 years$19,640$17,942$16,379$14,942$13,624$9,738
10 years$17,497$15,815$14,279$12,880$11,608$7,941
11 years$15,744$14,079$12,571$11,209$9,983$6,529
12 years$14,284$12,637$11,157$9,832$8,651$5,403
13 years$13,050$11,420$9,968$8,680$7,544$4,495
14 years$11,994$10,380$8,956$7,705$6,613$3,755
15 years$11,078$9,483$8,086$6,872$5,823$3,148
16 years$10,278$8,700$7,331$6,153$5,146$2,646
17 years$9,573$8,013$6,671$5,528$4,563$2,230
18 years$8,947$7,404$6,090$4,982$4,057$1,883
19 years$8,388$6,862$5,575$4,502$3,616$1,592
20 years$7,885$6,376$5,116$4,077$3,230$1,348
21 years$7,431$5,939$4,706$3,700$2,891$1,143
22 years$7,018$5,544$4,337$3,365$2,591$970
23 years$6,642$5,185$4,005$3,064$2,326$824
24 years$6,298$4,858$3,704$2,795$2,090$700
25 years$5,981$4,559$3,430$2,552$1,881$596
26 years$5,690$4,285$3,182$2,334$1,694$507
27 years$5,420$4,033$2,954$2,136$1,528$431
28 years$5,171$3,800$2,746$1,957$1,378$367
29 years$4,939$3,585$2,556$1,795$1,245$313
30 years$4,723$3,386$2,381$1,647$1,125$266
31 years$4,521$3,200$2,219$1,513$1,017$227
32 years$4,332$3,028$2,071$1,390$920$194
33 years$4,155$2,868$1,933$1,278$832$165
34 years$3,989$2,718$1,807$1,176$754$141
35 years$3,832$2,578$1,689$1,083$683$120
36 years$3,685$2,447$1,580$997$618$102
37 years$3,546$2,324$1,479$919$561$87
38 years$3,414$2,209$1,385$847$508$74
39 years$3,290$2,100$1,297$781$461$63
40 years$3,172$1,998$1,216$720$418$54
41 years$3,060$1,902$1,140$665$379$46
42 years$2,954$1,811$1,070$613$344$39
43 years$2,853$1,726$1,004$566$312$34
44 years$2,756$1,645$942$523$283$29
45 years$2,665$1,569$885$483$257$24
46 years$2,577$1,497$831$446$234$21
47 years$2,494$1,428$781$412$212$18
48 years$2,414$1,363$734$381$193$15
49 years$2,338$1,302$690$352$175$13
50 years$2,265$1,244$648$325$159$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,320,000, adding $2,707 every year, while hoping to spend $30,508 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: 45/32/23 Blend
39$2,320,000$2,320,000$2,320,000$2,320,000
40$2,559,432$2,436,472$2,400,512$2,657,518
41$2,788,034$2,523,399$2,448,469$2,813,903
42$3,038,931$2,613,563$2,497,010$2,980,198
43$3,314,364$2,707,090$2,546,122$3,159,928
44$3,616,804$2,804,112$2,595,792$3,354,358
45$3,948,970$2,904,766$2,646,004$3,564,881
46$4,313,860$3,009,194$2,696,740$3,793,024
47$4,714,775$3,117,546$2,747,981$4,040,472
48$5,155,351$3,229,975$2,799,708$4,309,075
49$5,639,596$3,346,642$2,851,897$4,600,869
50$6,171,923$3,467,716$2,904,524$4,918,092
51$6,757,195$3,593,371$2,957,562$5,263,210
52$7,400,772$3,723,788$3,010,982$5,638,933
53$8,108,554$3,859,158$3,064,754$6,048,245
54$8,887,048$3,999,677$3,118,844$6,494,429
55$9,743,417$4,145,552$3,173,216$6,981,100
56$10,685,557$4,296,996$3,227,830$7,512,236
57$11,722,168$4,454,232$3,282,647$8,092,215
58$12,862,833$4,617,494$3,337,619$8,725,858
59$14,118,114$4,787,023$3,392,702$9,418,473
60$15,499,647$4,963,072$3,447,842$10,175,902
61$17,020,252$5,145,904$3,502,986$11,004,579
62$18,694,058$5,335,794$3,558,077$11,911,589
63$20,536,632$5,533,027$3,613,052$12,904,732
64$22,565,124$5,737,902$3,667,845$13,992,599
65$24,798,437$5,950,728$3,722,388$15,184,650
66$27,257,394$6,171,831$3,776,605$16,491,303
67$29,964,946$6,401,548$3,830,418$17,924,035
68$32,946,377$6,640,231$3,883,744$19,495,482
69$36,229,552$6,888,247$3,936,494$21,219,565
70$39,845,174$7,145,979$3,988,575$23,111,617
71$43,827,076$7,413,826$4,039,886$25,188,524
72$48,212,540$7,692,205$4,090,324$27,468,891
73$53,042,647$7,981,551$4,139,778$29,973,209
74$58,362,666$8,282,316$4,188,129$32,724,052
75$64,222,481$8,594,973$4,235,255$35,746,286
76$70,677,063$8,920,015$4,281,025$39,067,306
77$77,786,984$9,257,957$4,325,300$42,717,291
78$85,618,995$9,609,335$4,367,936$46,729,486
79$94,246,649$9,974,709$4,408,778$51,140,521
80$103,751,001$10,354,664$4,447,667$55,990,746
81$114,221,370$10,749,809$4,484,430$61,324,621
82$125,756,181$11,160,781$4,518,890$67,191,125
83$138,463,896$11,588,244$4,550,857$73,644,223
84$152,464,037$12,032,891$4,580,134$80,743,372
85$167,888,312$12,495,446$4,606,512$88,554,079
86$184,881,860$12,976,664$4,629,771$97,148,521
87$203,604,623$13,477,333$4,649,681$106,606,222
88$224,232,848$13,998,276$4,665,999$117,014,803
89$246,960,760$14,540,353$4,678,471$128,470,808
90$272,002,388$15,104,461$4,686,830$141,080,612
91$299,593,588$15,691,536$4,690,796$154,961,425
92$329,994,270$16,302,557$4,690,074$170,242,393
93$363,490,849$16,938,546$4,684,355$187,065,820
94$400,398,950$17,600,569$4,673,314$205,588,506
95$441,066,386$18,289,740$4,656,614$225,983,225
96$485,876,443$19,007,222$4,633,896$248,440,355
97$535,251,496$19,754,232$4,604,787$273,169,670
98$589,656,997$20,532,039$4,568,896$300,402,324
99$649,605,870$21,341,968$4,525,814$330,393,021
100$715,663,350$22,185,405$4,475,109$363,422,426