Can I retire at age 40 with 2,390,000?

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 $2,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$197,364$195,606$193,891$192,217$190,582$189,540
2 years$97,705$95,885$94,122$92,412$90,753$89,702
3 years$64,490$62,662$60,903$59,209$57,578$56,549
4 years$47,885$46,063$44,322$42,657$41,065$40,067
5 years$37,925$36,114$34,396$32,765$31,217$30,253
6 years$31,287$29,490$27,797$26,202$24,701$23,773
7 years$26,548$24,766$23,099$21,542$20,088$19,196
8 years$22,995$21,229$19,590$18,071$16,665$15,809
9 years$20,233$18,483$16,873$15,393$14,035$13,213
10 years$18,025$16,292$14,710$13,269$11,958$11,172
11 years$16,219$14,504$12,951$11,548$10,284$9,533
12 years$14,715$13,018$11,493$10,129$8,912$8,195
13 years$13,444$11,764$10,268$8,942$7,772$7,087
14 years$12,355$10,694$9,226$7,938$6,813$6,161
15 years$11,413$9,769$8,330$7,079$5,998$5,378
16 years$10,589$8,963$7,552$6,339$5,301$4,712
17 years$9,862$8,254$6,872$5,695$4,701$4,141
18 years$9,217$7,627$6,274$5,133$4,180$3,649
19 years$8,641$7,069$5,743$4,638$3,725$3,223
20 years$8,123$6,569$5,271$4,200$3,327$2,852
21 years$7,655$6,119$4,848$3,812$2,978$2,528
22 years$7,230$5,711$4,468$3,466$2,669$2,245
23 years$6,842$5,342$4,126$3,157$2,396$1,996
24 years$6,488$5,005$3,816$2,879$2,154$1,776
25 years$6,162$4,697$3,534$2,629$1,938$1,583
26 years$5,862$4,414$3,278$2,404$1,746$1,411
27 years$5,584$4,154$3,044$2,201$1,574$1,260
28 years$5,327$3,915$2,829$2,016$1,420$1,125
29 years$5,088$3,693$2,633$1,849$1,282$1,005
30 years$4,865$3,488$2,453$1,697$1,159$899
31 years$4,657$3,297$2,286$1,558$1,047$804
32 years$4,463$3,120$2,133$1,432$948$720
33 years$4,280$2,954$1,992$1,317$858$645
34 years$4,109$2,800$1,861$1,212$776$577
35 years$3,948$2,656$1,740$1,115$703$517
36 years$3,796$2,521$1,628$1,027$637$464
37 years$3,653$2,394$1,523$947$577$416
38 years$3,517$2,275$1,427$872$524$373
39 years$3,389$2,164$1,337$804$475$334
40 years$3,268$2,058$1,253$742$431$300
41 years$3,152$1,959$1,175$685$391$269
42 years$3,043$1,866$1,102$632$354$241
43 years$2,939$1,778$1,034$583$322$217
44 years$2,840$1,695$971$538$292$194
45 years$2,745$1,616$911$497$265$175
46 years$2,655$1,542$856$459$241$157
47 years$2,569$1,471$804$424$219$141
48 years$2,487$1,405$756$392$198$126
49 years$2,409$1,341$710$362$180$113
50 years$2,333$1,281$668$335$164$102

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,390,000, adding $5,945 every year, while hoping to spend $22,481 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: 82/6/12 Blend
39$2,390,000$2,390,000$2,390,000$2,390,000
40$2,639,912$2,513,242$2,476,197$2,850,256
41$2,885,264$2,612,472$2,535,230$3,088,255
42$3,154,888$2,715,810$2,595,487$3,345,943
43$3,451,236$2,823,434$2,656,986$3,628,207
44$3,777,010$2,935,530$2,719,743$3,937,500
45$4,135,186$3,052,292$2,783,776$4,276,528
46$4,529,043$3,173,923$2,849,100$4,648,267
47$4,962,194$3,300,633$2,915,733$5,055,998
48$5,438,618$3,432,645$2,983,691$5,503,334
49$5,962,702$3,570,189$3,052,989$5,994,253
50$6,539,276$3,713,507$3,123,643$6,533,139
51$7,173,665$3,862,852$3,195,668$7,124,821
52$7,871,734$4,018,487$3,269,078$7,774,617
53$8,639,947$4,180,688$3,343,888$8,488,387
54$9,485,424$4,349,745$3,420,111$9,272,587
55$10,416,012$4,525,957$3,497,759$10,134,326
56$11,440,357$4,709,640$3,576,846$11,081,440
57$12,567,985$4,901,125$3,657,382$12,122,559
58$13,809,394$5,100,754$3,739,378$13,267,191
59$15,176,149$5,308,889$3,822,845$14,525,814
60$16,680,998$5,525,905$3,907,791$15,909,968
61$18,337,982$5,752,197$3,994,225$17,432,371
62$20,162,578$5,988,176$4,082,153$19,107,033
63$22,171,837$6,234,273$4,171,582$20,949,391
64$24,384,550$6,490,939$4,262,516$22,976,455
65$26,821,423$6,758,643$4,354,958$25,206,963
66$29,505,270$7,037,878$4,448,911$27,661,566
67$32,461,233$7,329,160$4,544,376$30,363,014
68$35,717,018$7,633,027$4,641,351$33,336,376
69$39,303,151$7,950,044$4,739,834$36,609,274
70$43,253,275$8,280,798$4,839,820$40,212,144
71$47,604,458$8,625,907$4,941,304$44,178,523
72$52,397,553$8,986,016$5,044,277$48,545,364
73$57,677,572$9,361,799$5,148,729$53,353,385
74$63,494,120$9,753,964$5,254,648$58,647,454
75$69,901,860$10,163,247$5,362,018$64,477,010
76$76,961,026$10,590,423$5,470,822$70,896,531
77$84,737,997$11,036,299$5,581,040$77,966,047
78$93,305,917$11,501,722$5,692,649$85,751,706
79$102,745,391$11,987,577$5,805,624$94,326,399
80$113,145,243$12,494,791$5,919,934$103,770,444
81$124,603,354$13,024,332$6,035,549$114,172,348
82$137,227,588$13,577,216$6,152,431$125,629,641
83$151,136,806$14,154,503$6,270,542$138,249,793
84$166,461,992$14,757,306$6,389,837$152,151,231
85$183,347,489$15,386,788$6,510,270$167,464,455
86$201,952,357$16,044,164$6,631,788$184,333,271
87$222,451,879$16,730,710$6,754,335$202,916,145
88$245,039,214$17,447,759$6,877,849$223,387,698
89$269,927,221$18,196,706$7,002,264$245,940,358
90$297,350,466$18,979,013$7,127,508$270,786,173
91$327,567,437$19,796,208$7,253,503$298,158,810
92$360,862,988$20,649,894$7,380,168$328,315,762
93$397,551,020$21,541,747$7,507,411$361,540,782
94$437,977,452$22,473,520$7,635,137$398,146,551
95$482,523,481$23,447,051$7,763,243$438,477,640
96$531,609,183$24,464,264$7,891,619$482,913,753
97$585,697,479$25,527,172$8,020,147$531,873,316
98$645,298,502$26,637,883$8,148,702$585,817,423
99$710,974,415$27,798,606$8,277,149$645,254,191
100$783,344,719$29,011,651$8,405,347$710,743,553