Can I retire at age 40 with 2,350,000?

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 $2,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$194,061$192,332$190,646$189,000$187,392$180,242
2 years$96,070$94,280$92,546$90,865$89,234$82,115
3 years$63,410$61,613$59,884$58,218$56,614$49,749
4 years$47,084$45,292$43,580$41,943$40,378$33,820
5 years$37,290$35,510$33,820$32,216$30,694$24,460
6 years$30,764$28,996$27,331$25,764$24,287$18,381
7 years$26,103$24,351$22,713$21,182$19,752$14,172
8 years$22,610$20,873$19,262$17,769$16,386$11,128
9 years$19,894$18,174$16,590$15,135$13,800$8,854
10 years$17,723$16,020$14,464$13,047$11,758$7,117
11 years$15,948$14,261$12,734$11,354$10,112$5,765
12 years$14,469$12,800$11,301$9,959$8,763$4,699
13 years$13,219$11,568$10,097$8,793$7,642$3,848
14 years$12,149$10,515$9,072$7,805$6,699$3,164
15 years$11,222$9,605$8,191$6,961$5,898$2,609
16 years$10,411$8,813$7,426$6,233$5,213$2,157
17 years$9,697$8,116$6,757$5,600$4,622$1,787
18 years$9,063$7,500$6,169$5,047$4,110$1,483
19 years$8,496$6,951$5,647$4,560$3,663$1,233
20 years$7,987$6,459$5,183$4,130$3,272$1,026
21 years$7,527$6,016$4,767$3,748$2,928$854
22 years$7,109$5,616$4,394$3,408$2,624$712
23 years$6,728$5,252$4,057$3,104$2,356$594
24 years$6,379$4,921$3,752$2,831$2,117$496
25 years$6,059$4,618$3,475$2,585$1,905$414
26 years$5,763$4,340$3,223$2,364$1,716$346
27 years$5,491$4,085$2,993$2,164$1,547$289
28 years$5,238$3,849$2,782$1,982$1,396$241
29 years$5,003$3,631$2,589$1,818$1,261$202
30 years$4,784$3,429$2,411$1,668$1,139$169
31 years$4,579$3,242$2,248$1,532$1,030$141
32 years$4,388$3,067$2,098$1,408$932$118
33 years$4,209$2,905$1,958$1,295$843$99
34 years$4,040$2,753$1,830$1,191$763$82
35 years$3,882$2,611$1,711$1,097$691$69
36 years$3,732$2,479$1,600$1,010$626$58
37 years$3,591$2,354$1,498$931$568$48
38 years$3,458$2,237$1,403$858$515$40
39 years$3,332$2,127$1,314$791$467$34
40 years$3,213$2,024$1,232$730$423$28
41 years$3,100$1,927$1,155$673$384$24
42 years$2,992$1,835$1,084$621$349$20
43 years$2,890$1,748$1,017$573$316$17
44 years$2,792$1,666$954$529$287$14
45 years$2,699$1,589$896$489$261$12
46 years$2,611$1,516$842$452$237$10
47 years$2,526$1,447$791$417$215$8
48 years$2,446$1,381$743$386$195$7
49 years$2,368$1,319$698$356$177$6
50 years$2,294$1,260$657$329$161$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,350,000, adding $4,585 every year, while hoping to spend $34,508 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: 81/8/11 Blend
39$2,350,000$2,350,000$2,350,000$2,350,000
40$2,594,429$2,469,879$2,433,454$2,799,332
41$2,822,345$2,554,187$2,478,259$3,018,683
42$3,072,351$2,641,470$2,523,408$3,254,405
43$3,346,665$2,731,836$2,568,876$3,512,124
44$3,647,729$2,825,399$2,614,637$3,794,024
45$3,978,232$2,922,278$2,660,662$4,102,514
46$4,341,136$3,022,595$2,706,919$4,440,246
47$4,739,706$3,126,476$2,753,375$4,810,138
48$5,177,538$3,234,055$2,799,994$5,215,409
49$5,658,591$3,345,468$2,846,739$5,659,600
50$6,187,229$3,460,858$2,893,566$6,146,614
51$6,768,260$3,580,373$2,940,434$6,680,750
52$7,406,978$3,704,168$2,987,295$7,266,741
53$8,109,219$3,832,401$3,034,098$7,909,804
54$8,881,411$3,965,240$3,080,792$8,615,685
55$9,730,635$4,102,857$3,127,318$9,390,714
56$10,664,695$4,245,432$3,173,618$10,241,864
57$11,692,187$4,393,151$3,219,628$11,176,818
58$12,822,584$4,546,209$3,265,279$12,204,038
59$14,066,321$4,704,808$3,310,500$13,332,851
60$15,434,899$4,869,156$3,355,215$14,573,528
61$16,940,986$5,039,473$3,399,342$15,937,390
62$18,598,544$5,215,984$3,442,798$17,436,906
63$20,422,955$5,398,926$3,485,490$19,085,818
64$22,431,167$5,588,545$3,527,325$20,899,264
65$24,641,857$5,785,094$3,568,201$22,893,924
66$27,075,602$5,988,840$3,608,012$25,088,177
67$29,755,078$6,200,057$3,646,645$27,502,275
68$32,705,271$6,419,035$3,683,982$30,158,531
69$35,953,711$6,646,070$3,719,898$33,081,530
70$39,530,735$6,881,473$3,754,260$36,298,364
71$43,469,773$7,125,568$3,786,931$39,838,884
72$47,807,661$7,378,692$3,817,764$43,735,981
73$52,584,988$7,641,193$3,846,605$48,025,899
74$57,846,482$7,913,437$3,873,291$52,748,576
75$63,641,430$8,195,802$3,897,653$57,948,019
76$70,024,143$8,488,684$3,919,512$63,672,719
77$77,054,468$8,792,492$3,938,678$69,976,111
78$84,798,354$9,107,654$3,954,954$76,917,076
79$93,328,473$9,434,616$3,968,131$84,560,496
80$102,724,905$9,773,840$3,977,992$92,977,868
81$113,075,897$10,125,810$3,984,306$102,247,975
82$124,478,691$10,491,027$3,986,833$112,457,634
83$137,040,445$10,870,015$3,985,320$123,702,512
84$150,879,244$11,263,319$3,979,501$136,088,029
85$166,125,211$11,671,506$3,969,099$149,730,352
86$182,921,739$12,095,167$3,953,821$164,757,495
87$201,426,844$12,534,918$3,933,361$181,310,521
88$221,814,653$12,991,399$3,907,400$199,544,878
89$244,277,050$13,465,280$3,875,600$219,631,864
90$269,025,487$13,957,256$3,837,610$241,760,243
91$296,292,977$14,468,053$3,793,061$266,138,029
92$326,336,299$14,998,425$3,741,566$292,994,446
93$359,438,415$15,549,161$3,682,722$322,582,092
94$395,911,144$16,121,082$3,616,104$355,179,325
95$436,098,108$16,715,042$3,541,271$391,092,890
96$480,377,968$17,331,932$3,457,757$430,660,812
97$529,168,007$17,972,683$3,365,078$474,255,586
98$582,928,062$18,638,262$3,262,725$522,287,698
99$642,164,867$19,329,680$3,150,169$575,209,494
100$707,436,837$20,047,988$3,026,854$633,519,452