Can I retire at age 40 with 2,330,000?

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 $2,330,000?

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$192,409$190,695$189,023$187,391$185,797$180,283
2 years$95,252$93,478$91,759$90,092$88,475$82,965
3 years$62,871$61,089$59,374$57,723$56,132$50,799
4 years$46,683$44,907$43,209$41,586$40,034$34,919
5 years$36,973$35,208$33,532$31,942$30,433$25,550
6 years$30,502$28,750$27,099$25,544$24,081$19,434
7 years$25,881$24,144$22,519$21,001$19,584$15,173
8 years$22,418$20,696$19,098$17,618$16,247$12,069
9 years$19,725$18,019$16,449$15,006$13,682$9,734
10 years$17,572$15,883$14,341$12,936$11,658$7,933
11 years$15,812$14,140$12,625$11,258$10,026$6,519
12 years$14,346$12,691$11,205$9,875$8,689$5,391
13 years$13,107$11,469$10,011$8,718$7,577$4,482
14 years$12,045$10,425$8,995$7,739$6,642$3,741
15 years$11,126$9,524$8,121$6,902$5,848$3,134
16 years$10,323$8,738$7,363$6,180$5,168$2,633
17 years$9,615$8,047$6,700$5,552$4,583$2,217
18 years$8,986$7,436$6,116$5,004$4,075$1,870
19 years$8,424$6,891$5,599$4,521$3,632$1,581
20 years$7,919$6,404$5,139$4,095$3,244$1,337
21 years$7,463$5,965$4,726$3,716$2,903$1,133
22 years$7,048$5,568$4,356$3,379$2,602$961
23 years$6,670$5,208$4,022$3,077$2,336$815
24 years$6,325$4,879$3,720$2,807$2,099$692
25 years$6,007$4,579$3,445$2,563$1,889$588
26 years$5,714$4,303$3,195$2,344$1,702$500
27 years$5,444$4,050$2,967$2,145$1,534$425
28 years$5,193$3,816$2,758$1,966$1,384$362
29 years$4,960$3,600$2,567$1,802$1,250$308
30 years$4,743$3,400$2,391$1,654$1,130$262
31 years$4,540$3,214$2,229$1,519$1,021$223
32 years$4,350$3,041$2,080$1,396$924$190
33 years$4,173$2,880$1,942$1,284$836$162
34 years$4,006$2,730$1,814$1,181$757$138
35 years$3,849$2,589$1,696$1,087$686$118
36 years$3,701$2,457$1,587$1,002$621$100
37 years$3,561$2,334$1,485$923$563$85
38 years$3,429$2,218$1,391$851$510$73
39 years$3,304$2,109$1,303$784$463$62
40 years$3,185$2,007$1,221$723$420$53
41 years$3,073$1,910$1,145$667$381$45
42 years$2,966$1,819$1,074$616$346$38
43 years$2,865$1,733$1,008$569$314$33
44 years$2,768$1,652$946$525$285$28
45 years$2,676$1,576$889$485$258$24
46 years$2,589$1,503$835$448$235$20
47 years$2,505$1,434$784$414$213$17
48 years$2,425$1,369$737$382$194$15
49 years$2,348$1,308$692$353$176$13
50 years$2,275$1,249$651$327$160$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,330,000, adding $5,006 every year, while hoping to spend $40,051 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: 57/25/18 Blend
39$2,330,000$2,330,000$2,330,000$2,330,000
40$2,572,824$2,449,334$2,413,219$2,706,968
41$2,792,638$2,526,737$2,451,448$2,876,104
42$3,033,531$2,606,591$2,489,615$3,055,562
43$3,297,610$2,688,973$2,527,676$3,250,232
44$3,587,197$2,773,963$2,565,584$3,461,583
45$3,904,848$2,861,645$2,603,289$3,691,234
46$4,253,381$2,952,104$2,640,737$3,940,967
47$4,635,896$3,045,427$2,677,872$4,212,742
48$5,055,811$3,141,707$2,714,634$4,508,720
49$5,516,890$3,241,036$2,750,960$4,831,276
50$6,023,278$3,343,513$2,786,783$5,183,028
51$6,579,543$3,449,236$2,822,031$5,566,860
52$7,190,717$3,558,309$2,856,629$5,985,943
53$7,862,343$3,670,838$2,890,499$6,443,774
54$8,600,526$3,786,934$2,923,555$6,944,201
55$9,411,996$3,906,710$2,955,710$7,491,464
56$10,304,163$4,030,282$2,986,870$8,090,232
57$11,285,194$4,157,772$3,016,937$8,745,647
58$12,364,085$4,289,304$3,045,806$9,463,375
59$13,550,749$4,425,007$3,073,367$10,249,656
60$14,856,107$4,565,014$3,099,506$11,111,362
61$16,292,191$4,709,461$3,124,101$12,056,065
62$17,872,260$4,858,490$3,147,024$13,092,108
63$19,610,922$5,012,247$3,168,140$14,228,678
64$21,524,271$5,170,882$3,187,308$15,475,900
65$23,630,042$5,334,551$3,204,378$16,844,926
66$25,947,776$5,503,414$3,219,195$18,348,044
67$28,499,005$5,677,637$3,231,593$19,998,792
68$31,307,452$5,857,390$3,241,400$21,812,085
69$34,399,259$6,042,849$3,248,435$23,804,355
70$37,803,233$6,234,198$3,252,506$25,993,710
71$41,551,111$6,431,622$3,253,414$28,400,098
72$45,677,870$6,635,317$3,250,949$31,045,501
73$50,222,047$6,845,482$3,244,890$33,954,137
74$55,226,109$7,062,324$3,235,007$37,152,694
75$60,736,850$7,286,056$3,221,058$40,670,574
76$66,805,833$7,516,897$3,202,788$44,540,179
77$73,489,878$7,755,075$3,179,931$48,797,209
78$80,851,596$8,000,824$3,152,209$53,481,003
79$88,959,981$8,254,386$3,119,329$58,634,906
80$97,891,058$8,516,010$3,080,986$64,306,684
81$107,728,606$8,785,954$3,036,859$70,548,969
82$118,564,942$9,064,485$2,986,613$77,419,758
83$130,501,797$9,351,876$2,929,895$84,982,957
84$143,651,274$9,648,410$2,866,340$93,308,990
85$158,136,903$9,954,382$2,795,561$102,475,456
86$174,094,812$10,270,092$2,717,158$112,567,868
87$191,675,008$10,595,851$2,630,708$123,680,455
88$211,042,794$10,931,983$2,535,771$135,917,052
89$232,380,327$11,278,818$2,431,888$149,392,083
90$255,888,340$11,636,700$2,318,576$164,231,637
91$281,788,036$12,005,983$2,195,333$180,574,657
92$310,323,171$12,387,032$2,061,632$198,574,259
93$341,762,362$12,780,224$1,916,924$218,399,166
94$376,401,616$13,185,949$1,760,635$240,235,308
95$414,567,129$13,604,608$1,592,164$264,287,577
96$456,618,359$14,036,617$1,410,884$290,781,755
97$502,951,424$14,482,403$1,216,142$319,966,651
98$554,002,838$14,942,410$1,007,252$352,116,446
99$610,253,634$15,417,094$783,500$387,533,283
100$672,233,899$15,906,927$544,142$426,550,117