Can I retire at age 40 with 2,370,000?

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 $2,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$195,712$193,969$192,268$190,608$188,987$187,639
2 years$96,887$95,083$93,334$91,639$89,994$88,634
3 years$63,950$62,138$60,393$58,714$57,096$55,767
4 years$47,484$45,678$43,951$42,300$40,721$39,434
5 years$37,608$35,812$34,108$32,490$30,956$29,713
6 years$31,025$29,243$27,564$25,983$24,494$23,298
7 years$26,326$24,558$22,906$21,362$19,920$18,771
8 years$22,802$21,051$19,426$17,920$16,526$15,423
9 years$20,064$18,329$16,732$15,264$13,917$12,861
10 years$17,874$16,156$14,587$13,158$11,858$10,849
11 years$16,083$14,383$12,842$11,451$10,198$9,234
12 years$14,592$12,909$11,397$10,044$8,838$7,918
13 years$13,332$11,666$10,183$8,867$7,707$6,831
14 years$12,252$10,604$9,149$7,872$6,756$5,922
15 years$11,317$9,687$8,260$7,020$5,948$5,156
16 years$10,500$8,888$7,489$6,286$5,257$4,505
17 years$9,780$8,185$6,815$5,648$4,661$3,949
18 years$9,140$7,564$6,221$5,090$4,145$3,470
19 years$8,569$7,010$5,695$4,599$3,694$3,056
20 years$8,055$6,514$5,227$4,165$3,300$2,696
21 years$7,591$6,067$4,808$3,780$2,953$2,383
22 years$7,169$5,664$4,431$3,437$2,647$2,110
23 years$6,785$5,297$4,091$3,130$2,376$1,870
24 years$6,433$4,963$3,784$2,855$2,136$1,659
25 years$6,110$4,658$3,504$2,607$1,922$1,474
26 years$5,813$4,377$3,250$2,384$1,731$1,310
27 years$5,537$4,120$3,018$2,182$1,561$1,166
28 years$5,282$3,882$2,806$1,999$1,408$1,038
29 years$5,045$3,662$2,611$1,833$1,272$924
30 years$4,824$3,458$2,432$1,683$1,149$824
31 years$4,618$3,269$2,267$1,545$1,039$735
32 years$4,425$3,094$2,115$1,420$940$656
33 years$4,244$2,930$1,975$1,306$850$585
34 years$4,074$2,777$1,845$1,202$770$522
35 years$3,915$2,634$1,725$1,106$697$466
36 years$3,764$2,500$1,614$1,019$632$417
37 years$3,622$2,374$1,511$939$573$372
38 years$3,488$2,256$1,415$865$519$333
39 years$3,361$2,145$1,325$798$471$297
40 years$3,240$2,041$1,242$736$427$266
41 years$3,126$1,943$1,165$679$387$238
42 years$3,017$1,851$1,093$626$352$213
43 years$2,914$1,763$1,025$578$319$190
44 years$2,816$1,681$963$534$290$170
45 years$2,722$1,603$904$493$263$152
46 years$2,633$1,529$849$456$239$136
47 years$2,548$1,459$797$421$217$122
48 years$2,466$1,393$749$389$197$109
49 years$2,388$1,330$704$359$179$97
50 years$2,314$1,271$662$332$162$87

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,370,000, adding $5,974 every year, while hoping to spend $27,940 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: 61/31/8 Blend
39$2,370,000$2,370,000$2,370,000$2,370,000
40$2,617,902$2,492,292$2,455,557$2,772,807
41$2,855,200$2,584,687$2,508,090$2,969,587
42$3,115,766$2,680,672$2,561,447$3,180,444
43$3,401,944$2,780,394$2,615,625$3,409,805
44$3,716,316$2,884,007$2,670,622$3,659,452
45$4,061,726$2,991,669$2,726,433$3,931,351
46$4,441,307$3,103,546$2,783,054$4,227,661
47$4,858,512$3,219,812$2,840,479$4,550,759
48$5,317,145$3,340,647$2,898,699$4,903,259
49$5,821,394$3,466,239$2,957,706$5,288,038
50$6,375,877$3,596,785$3,017,489$5,708,264
51$6,985,679$3,732,490$3,078,038$6,167,420
52$7,656,403$3,873,568$3,139,338$6,669,342
53$8,394,225$4,020,241$3,201,374$7,218,252
54$9,205,946$4,172,743$3,264,130$7,818,796
55$10,099,060$4,331,315$3,327,586$8,476,091
56$11,081,827$4,496,212$3,391,723$9,195,768
57$12,163,345$4,667,698$3,456,517$9,984,028
58$13,353,640$4,846,049$3,521,944$10,847,699
59$14,663,758$5,031,553$3,587,976$11,794,297
60$16,105,872$5,224,509$3,654,584$12,832,100
61$17,693,393$5,425,232$3,721,735$13,970,224
62$19,441,100$5,634,050$3,789,394$15,218,707
63$21,365,278$5,851,303$3,857,524$16,588,603
64$23,483,868$6,077,349$3,926,083$18,092,087
65$25,816,644$6,312,561$3,995,028$19,742,567
66$28,385,392$6,557,327$4,064,312$21,554,812
67$31,214,119$6,812,052$4,133,883$23,545,088
68$34,329,278$7,077,162$4,203,687$25,731,311
69$37,760,020$7,353,099$4,273,667$28,133,216
70$41,538,467$7,640,325$4,343,759$30,772,540
71$45,700,013$7,939,324$4,413,898$33,673,229
72$50,283,662$8,250,599$4,484,011$36,861,661
73$55,332,395$8,574,677$4,554,024$40,366,892
74$60,893,572$8,912,109$4,623,857$44,220,932
75$67,019,383$9,263,469$4,693,423$48,459,043
76$73,767,338$9,629,357$4,762,631$53,120,075
77$81,200,813$10,010,402$4,831,385$58,246,824
78$89,389,642$10,407,257$4,899,583$63,886,439
79$98,410,781$10,820,609$4,967,114$70,090,867
80$108,349,034$11,251,172$5,033,866$76,917,337
81$119,297,849$11,699,693$5,099,714$84,428,900
82$131,360,206$12,166,954$5,164,531$92,695,024
83$144,649,583$12,653,771$5,228,179$101,792,247
84$159,291,032$13,160,998$5,290,514$111,804,897
85$175,422,355$13,689,525$5,351,385$122,825,884
86$193,195,408$14,240,284$5,410,629$134,957,579
87$212,777,532$14,814,250$5,468,076$148,312,775
88$234,353,132$15,412,440$5,523,549$163,015,749
89$258,125,420$16,035,918$5,576,857$179,203,435
90$284,318,333$16,685,798$5,627,801$197,026,713
91$313,178,642$17,363,241$5,676,171$216,651,830
92$344,978,287$18,069,464$5,721,747$238,261,966
93$380,016,943$18,805,738$5,764,296$262,058,963
94$418,624,843$19,573,391$5,803,572$288,265,223
95$461,165,904$20,373,814$5,839,319$317,125,808
96$508,041,155$21,208,460$5,871,265$348,910,749
97$559,692,526$22,078,847$5,899,125$383,917,591
98$616,607,018$22,986,566$5,922,601$422,474,199
99$679,321,304$23,933,277$5,941,377$464,941,849
100$748,426,788$24,920,718$5,955,124$511,718,633