Can I retire at age 40 with 2,380,000?

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 $2,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$196,538$194,788$193,080$191,412$189,785$185,574
2 years$97,296$95,484$93,728$92,025$90,374$86,153
3 years$64,220$62,400$60,648$58,961$57,337$53,238
4 years$47,685$45,871$44,136$42,478$40,893$36,948
5 years$37,766$35,963$34,252$32,627$31,086$27,306
6 years$31,156$29,367$27,680$26,092$24,597$20,986
7 years$26,437$24,662$23,003$21,452$20,004$16,563
8 years$22,899$21,140$19,508$17,996$16,596$13,322
9 years$20,148$18,406$16,802$15,328$13,976$10,868
10 years$17,949$16,224$14,649$13,213$11,908$8,963
11 years$16,151$14,443$12,896$11,499$10,241$7,455
12 years$14,654$12,964$11,445$10,086$8,875$6,243
13 years$13,388$11,715$10,226$8,905$7,739$5,256
14 years$12,304$10,649$9,188$7,905$6,784$4,446
15 years$11,365$9,728$8,295$7,050$5,973$3,774
16 years$10,544$8,925$7,521$6,312$5,279$3,214
17 years$9,821$8,220$6,844$5,671$4,681$2,744
18 years$9,179$7,595$6,247$5,111$4,162$2,348
19 years$8,605$7,039$5,719$4,618$3,710$2,012
20 years$8,089$6,541$5,249$4,183$3,314$1,727
21 years$7,623$6,093$4,828$3,796$2,965$1,485
22 years$7,199$5,688$4,450$3,452$2,658$1,278
23 years$6,814$5,319$4,108$3,143$2,386$1,101
24 years$6,460$4,984$3,800$2,867$2,145$949
25 years$6,136$4,677$3,519$2,618$1,930$819
26 years$5,837$4,396$3,264$2,394$1,738$707
27 years$5,561$4,137$3,031$2,191$1,567$610
28 years$5,305$3,898$2,818$2,008$1,414$527
29 years$5,066$3,678$2,622$1,841$1,277$456
30 years$4,845$3,473$2,442$1,690$1,154$394
31 years$4,638$3,283$2,277$1,552$1,043$341
32 years$4,444$3,107$2,124$1,426$944$295
33 years$4,262$2,942$1,983$1,311$854$255
34 years$4,092$2,788$1,853$1,207$773$221
35 years$3,931$2,645$1,733$1,111$700$191
36 years$3,780$2,510$1,621$1,023$634$166
37 years$3,637$2,384$1,517$943$575$143
38 years$3,502$2,266$1,421$869$521$124
39 years$3,375$2,155$1,331$801$473$108
40 years$3,254$2,050$1,248$739$429$93
41 years$3,139$1,951$1,170$682$389$81
42 years$3,030$1,858$1,097$629$353$70
43 years$2,926$1,771$1,030$581$320$61
44 years$2,828$1,688$967$536$291$52
45 years$2,734$1,609$908$495$264$45
46 years$2,644$1,535$852$457$240$39
47 years$2,559$1,465$801$423$218$34
48 years$2,477$1,399$753$391$198$30
49 years$2,399$1,336$707$361$180$26
50 years$2,324$1,276$665$334$163$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,380,000, adding $6,984 every year, while hoping to spend $28,847 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: 81/9/10 Blend
39$2,380,000$2,380,000$2,380,000$2,380,000
40$2,629,964$2,503,824$2,466,934$2,838,251
41$2,867,527$2,595,818$2,518,883$3,067,784
42$3,128,355$2,691,354$2,571,606$3,315,160
43$3,414,790$2,790,573$2,625,098$3,585,824
44$3,729,413$2,893,625$2,679,353$3,882,092
45$4,075,067$3,000,666$2,734,364$4,206,516
46$4,454,882$3,111,857$2,790,124$4,561,906
47$4,872,309$3,227,368$2,846,623$4,951,356
48$5,331,150$3,347,374$2,903,850$5,378,276
49$5,835,591$3,472,059$2,961,792$5,846,419
50$6,390,246$3,601,614$3,020,437$6,359,919
51$7,000,198$3,736,240$3,079,768$6,923,332
52$7,671,046$3,876,144$3,139,768$7,541,673
53$8,408,961$4,021,543$3,200,419$8,220,469
54$9,220,740$4,172,664$3,261,698$8,965,807
55$10,113,874$4,329,743$3,323,584$9,784,392
56$11,096,616$4,493,027$3,386,050$10,683,613
57$12,178,057$4,662,772$3,449,069$11,671,607
58$13,368,217$4,839,246$3,512,612$12,757,340
59$14,678,136$5,022,729$3,576,644$13,950,688
60$16,119,976$5,213,514$3,641,133$15,262,533
61$17,707,142$5,411,904$3,706,039$16,704,864
62$19,454,400$5,618,217$3,771,321$18,290,890
63$21,378,025$5,832,786$3,836,936$20,035,162
64$23,495,947$6,055,955$3,902,836$21,953,714
65$25,827,923$6,288,087$3,968,971$24,064,212
66$28,395,726$6,529,558$4,035,286$26,386,119
67$31,223,345$6,780,761$4,101,724$28,940,880
68$34,337,216$7,042,109$4,168,221$31,752,126
69$37,766,468$7,314,028$4,234,713$34,845,891
70$41,543,200$7,596,968$4,301,128$38,250,862
71$45,702,782$7,891,395$4,367,391$41,998,648
72$50,284,190$8,197,797$4,433,423$46,124,077
73$55,330,373$8,516,684$4,499,138$50,665,527
74$60,888,658$8,848,589$4,564,446$55,665,284
75$67,011,198$9,194,066$4,629,252$61,169,943
76$73,755,461$9,553,697$4,693,453$67,230,846
77$81,184,777$9,928,087$4,756,942$73,904,568
78$89,368,930$10,317,869$4,819,606$81,253,449
79$98,384,820$10,723,704$4,881,322$89,346,182
80$108,317,190$11,146,284$4,941,965$98,258,461
81$119,259,421$11,586,329$5,001,398$108,073,695
82$131,314,416$12,044,593$5,059,479$118,883,795
83$144,595,573$12,521,865$5,116,058$130,790,039
84$159,227,851$13,018,965$5,170,975$143,904,031
85$175,348,952$13,536,755$5,224,063$158,348,752
86$193,110,621$14,076,133$5,275,146$174,259,717
87$212,680,077$14,638,036$5,324,036$191,786,260
88$234,241,591$15,223,446$5,370,537$211,092,937
89$257,998,226$15,833,387$5,414,443$232,361,082
90$284,173,754$16,468,931$5,455,535$255,790,517
91$313,014,766$17,131,198$5,493,585$281,601,438
92$344,793,003$17,821,358$5,528,351$310,036,491
93$379,807,918$18,540,633$5,559,579$341,363,064
94$418,389,505$19,290,303$5,587,004$375,875,808
95$460,901,410$20,071,704$5,610,345$413,899,422
96$507,744,369$20,886,233$5,629,307$455,791,710
97$559,359,988$21,735,351$5,643,581$501,946,965
98$616,234,908$22,620,585$5,652,843$552,799,685
99$678,905,407$23,543,532$5,656,751$608,828,676
100$747,962,454$24,505,861$5,654,948$670,561,573