Can I retire at age 40 with 2,400,000?

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 $2,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$198,190$196,424$194,702$193,021$191,379$187,515
2 years$98,114$96,286$94,516$92,799$91,133$87,257
3 years$64,759$62,924$61,158$59,457$57,819$54,051
4 years$48,086$46,256$44,507$42,835$41,237$37,608
5 years$38,084$36,265$34,539$32,902$31,347$27,867
6 years$31,418$29,613$27,913$26,312$24,804$21,475
7 years$26,659$24,869$23,196$21,632$20,172$16,996
8 years$23,091$21,318$19,672$18,147$16,735$13,711
9 years$20,318$18,561$16,943$15,457$14,093$11,219
10 years$18,100$16,360$14,772$13,324$12,008$9,281
11 years$16,287$14,565$13,005$11,596$10,327$7,744
12 years$14,777$13,072$11,541$10,171$8,950$6,506
13 years$13,500$11,814$10,311$8,980$7,804$5,496
14 years$12,407$10,738$9,265$7,971$6,841$4,664
15 years$11,460$9,810$8,365$7,109$6,023$3,973
16 years$10,633$9,000$7,584$6,365$5,324$3,396
17 years$9,904$8,289$6,901$5,719$4,720$2,909
18 years$9,256$7,659$6,300$5,154$4,197$2,498
19 years$8,677$7,099$5,767$4,657$3,741$2,149
20 years$8,157$6,596$5,293$4,218$3,341$1,852
21 years$7,687$6,144$4,868$3,828$2,990$1,598
22 years$7,260$5,735$4,487$3,481$2,680$1,381
23 years$6,871$5,364$4,143$3,170$2,406$1,194
24 years$6,515$5,026$3,832$2,891$2,163$1,034
25 years$6,188$4,717$3,549$2,640$1,946$895
26 years$5,886$4,433$3,291$2,414$1,753$776
27 years$5,607$4,172$3,056$2,210$1,580$673
28 years$5,349$3,931$2,841$2,025$1,426$584
29 years$5,109$3,708$2,644$1,857$1,288$507
30 years$4,885$3,502$2,463$1,704$1,163$440
31 years$4,677$3,311$2,296$1,565$1,052$382
32 years$4,481$3,133$2,142$1,438$951$332
33 years$4,298$2,967$2,000$1,323$861$288
34 years$4,126$2,812$1,869$1,217$780$251
35 years$3,964$2,667$1,747$1,120$706$218
36 years$3,812$2,531$1,634$1,032$640$190
37 years$3,668$2,404$1,530$951$580$165
38 years$3,532$2,285$1,433$876$526$143
39 years$3,403$2,173$1,342$808$477$125
40 years$3,281$2,067$1,258$745$432$108
41 years$3,165$1,968$1,180$687$392$94
42 years$3,056$1,874$1,107$634$356$82
43 years$2,951$1,785$1,038$586$323$71
44 years$2,852$1,702$975$541$293$62
45 years$2,757$1,623$915$499$266$54
46 years$2,666$1,548$860$461$242$47
47 years$2,580$1,477$808$426$219$41
48 years$2,498$1,410$759$394$199$36
49 years$2,419$1,347$713$364$181$31
50 years$2,343$1,287$671$336$164$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,400,000, adding $5,644 every year, while hoping to spend $37,319 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: 36/44/20 Blend
39$2,400,000$2,400,000$2,400,000$2,400,000
40$2,650,622$2,523,422$2,486,222$2,729,789
41$2,881,278$2,607,362$2,529,803$2,872,005
42$3,134,211$2,694,165$2,573,594$3,021,546
43$3,411,652$2,783,931$2,617,561$3,182,217
44$3,716,062$2,876,765$2,661,670$3,355,035
45$4,050,148$2,972,775$2,705,885$3,541,116
46$4,416,896$3,072,073$2,750,164$3,741,689
47$4,819,591$3,174,777$2,794,466$3,958,102
48$5,261,854$3,281,006$2,838,746$4,191,839
49$5,747,675$3,390,886$2,882,956$4,444,529
50$6,281,446$3,504,548$2,927,043$4,717,965
51$6,868,008$3,622,125$2,970,953$5,014,119
52$7,512,694$3,743,759$3,014,629$5,335,158
53$8,221,378$3,869,593$3,058,009$5,683,469
54$9,000,534$3,999,778$3,101,028$6,061,673
55$9,857,292$4,134,470$3,143,615$6,472,659
56$10,799,508$4,273,832$3,185,699$6,919,603
57$11,835,838$4,418,030$3,227,200$7,406,000
58$12,975,820$4,567,240$3,268,038$7,935,698
59$14,229,961$4,721,642$3,308,124$8,512,930
60$15,609,838$4,881,423$3,347,368$9,142,357
61$17,128,209$5,046,780$3,385,671$9,829,111
62$18,799,127$5,217,913$3,422,932$10,578,838
63$20,638,079$5,395,032$3,459,042$11,397,759
64$22,662,131$5,578,356$3,493,887$12,292,718
65$24,890,083$5,768,110$3,527,347$13,271,257
66$27,342,653$5,964,529$3,559,295$14,341,674
67$30,042,669$6,167,857$3,589,597$15,513,113
68$33,015,286$6,378,347$3,618,113$16,795,639
69$36,288,220$6,596,260$3,644,695$18,200,340
70$39,892,012$6,821,871$3,669,186$19,739,425
71$43,860,317$7,055,462$3,691,423$21,426,344
72$48,230,217$7,297,328$3,711,234$23,275,907
73$53,042,576$7,547,774$3,728,437$25,304,430
74$58,342,421$7,807,117$3,742,842$27,529,884
75$64,179,370$8,075,687$3,754,249$29,972,064
76$70,608,097$8,353,828$3,762,447$32,652,774
77$77,688,851$8,641,893$3,767,217$35,596,037
78$85,488,022$8,940,254$3,768,327$38,828,313
79$94,078,767$9,249,293$3,765,533$42,378,753
80$103,541,705$9,569,412$3,758,582$46,279,470
81$113,965,669$9,901,023$3,747,205$50,565,845
82$125,448,553$10,244,559$3,731,122$55,276,853
83$138,098,230$10,600,467$3,710,039$60,455,439
84$152,033,573$10,969,214$3,683,649$66,148,911
85$167,385,575$11,351,283$3,651,628$72,409,394
86$184,298,585$11,747,177$3,613,639$79,294,318
87$202,931,672$12,157,420$3,569,328$86,866,957
88$223,460,124$12,582,556$3,518,322$95,197,026
89$246,077,106$13,023,150$3,460,235$104,361,339
90$270,995,477$13,479,791$3,394,660$114,444,528
91$298,449,806$13,953,090$3,321,170$125,539,846
92$328,698,578$14,443,684$3,239,322$137,750,043
93$362,026,643$14,952,234$3,148,649$151,188,332
94$398,747,895$15,479,429$3,048,664$165,979,460
95$439,208,244$16,025,984$2,938,857$182,260,881
96$483,788,871$16,592,644$2,818,695$200,184,051
97$532,909,837$17,180,184$2,687,622$219,915,861
98$587,034,038$17,789,410$2,545,055$241,640,201
99$646,671,580$18,421,161$2,390,384$265,559,703
100$712,384,593$19,076,311$2,222,975$291,897,649