Can I retire at age 40 with 2,430,000?

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 $2,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$200,667$198,880$197,136$195,434$193,772$190,015
2 years$99,340$97,490$95,697$93,958$92,272$88,502
3 years$65,569$63,711$61,922$60,200$58,541$54,876
4 years$48,687$46,834$45,064$43,371$41,752$38,220
5 years$38,560$36,719$34,971$33,313$31,739$28,350
6 years$31,811$29,983$28,262$26,641$25,114$21,872
7 years$26,992$25,180$23,486$21,903$20,425$17,330
8 years$23,380$21,584$19,918$18,374$16,944$13,996
9 years$20,571$18,793$17,155$15,650$14,269$11,466
10 years$18,326$16,565$14,956$13,491$12,158$9,497
11 years$16,490$14,747$13,167$11,741$10,457$7,934
12 years$14,962$13,236$11,686$10,298$9,061$6,674
13 years$13,669$11,961$10,440$9,092$7,902$5,646
14 years$12,562$10,873$9,381$8,071$6,927$4,798
15 years$11,604$9,932$8,469$7,198$6,099$4,093
16 years$10,766$9,113$7,679$6,445$5,390$3,503
17 years$10,027$8,392$6,987$5,791$4,779$3,005
18 years$9,372$7,755$6,379$5,218$4,249$2,585
19 years$8,786$7,187$5,839$4,715$3,788$2,227
20 years$8,259$6,679$5,359$4,271$3,383$1,922
21 years$7,783$6,221$4,929$3,876$3,028$1,661
22 years$7,351$5,807$4,543$3,524$2,714$1,437
23 years$6,957$5,431$4,195$3,209$2,436$1,245
24 years$6,596$5,089$3,879$2,927$2,190$1,079
25 years$6,265$4,775$3,593$2,673$1,970$936
26 years$5,960$4,488$3,332$2,444$1,775$813
27 years$5,677$4,224$3,094$2,237$1,600$706
28 years$5,416$3,980$2,877$2,050$1,444$613
29 years$5,173$3,755$2,677$1,880$1,304$533
30 years$4,946$3,546$2,494$1,725$1,178$464
31 years$4,735$3,352$2,325$1,584$1,065$404
32 years$4,537$3,172$2,169$1,456$963$351
33 years$4,352$3,004$2,025$1,339$872$306
34 years$4,178$2,847$1,892$1,232$789$266
35 years$4,014$2,700$1,769$1,134$715$232
36 years$3,859$2,563$1,655$1,045$648$202
37 years$3,714$2,434$1,549$962$587$176
38 years$3,576$2,313$1,451$887$532$153
39 years$3,446$2,200$1,359$818$483$133
40 years$3,322$2,093$1,274$754$438$116
41 years$3,205$1,992$1,194$696$397$101
42 years$3,094$1,897$1,120$642$360$88
43 years$2,988$1,808$1,051$593$327$77
44 years$2,887$1,723$987$548$297$67
45 years$2,791$1,643$927$506$270$58
46 years$2,700$1,568$870$467$245$51
47 years$2,612$1,496$818$432$222$44
48 years$2,529$1,428$768$399$202$39
49 years$2,449$1,364$722$369$183$34
50 years$2,373$1,303$679$341$166$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,430,000, adding $3,220 every year, while hoping to spend $24,228 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: 33/43/24 Blend
39$2,430,000$2,430,000$2,430,000$2,430,000
40$2,681,181$2,552,391$2,514,726$2,749,890
41$2,928,884$2,651,680$2,573,191$2,901,084
42$3,201,039$2,755,022$2,632,803$3,061,507
43$3,500,117$2,862,590$2,693,574$3,233,917
44$3,828,837$2,974,565$2,755,516$3,419,386
45$4,190,195$3,091,136$2,818,643$3,619,093
46$4,587,493$3,212,499$2,882,965$3,834,330
47$5,024,366$3,338,860$2,948,494$4,066,514
48$5,504,823$3,470,436$3,015,239$4,317,204
49$6,033,277$3,607,449$3,083,212$4,588,108
50$6,614,593$3,750,136$3,152,422$4,881,103
51$7,254,130$3,898,741$3,222,876$5,198,250
52$7,957,792$4,053,520$3,294,583$5,541,816
53$8,732,085$4,214,741$3,367,550$5,914,288
54$9,584,178$4,382,684$3,441,784$6,318,401
55$10,521,970$4,557,641$3,517,289$6,757,161
56$11,554,163$4,739,917$3,594,070$7,233,871
57$12,690,346$4,929,832$3,672,130$7,752,163
58$13,941,086$5,127,719$3,751,471$8,316,032
59$15,318,026$5,333,926$3,832,095$8,929,868
60$16,833,995$5,548,818$3,914,000$9,598,502
61$18,503,129$5,772,777$3,997,185$10,327,245
62$20,341,004$6,006,199$4,081,647$11,121,941
63$22,364,786$6,249,502$4,167,381$11,989,020
64$24,593,386$6,503,120$4,254,381$12,935,552
65$27,047,647$6,767,508$4,342,638$13,969,321
66$29,750,533$7,043,142$4,432,142$15,098,891
67$32,727,350$7,330,519$4,522,882$16,333,685
68$36,005,984$7,630,158$4,614,843$17,684,076
69$39,617,162$7,942,604$4,708,008$19,161,478
70$43,594,746$8,268,425$4,802,359$20,778,458
71$47,976,047$8,608,214$4,897,875$22,548,848
72$52,802,181$8,962,595$4,994,532$24,487,875
73$58,118,458$9,332,216$5,092,303$26,612,301
74$63,974,804$9,717,758$5,191,158$28,940,584
75$70,426,238$10,119,932$5,291,066$31,493,044
76$77,533,387$10,539,481$5,391,989$34,292,055
77$85,363,061$10,977,184$5,493,889$37,362,256
78$93,988,882$11,433,855$5,596,723$40,730,774
79$103,491,978$11,910,344$5,700,444$44,427,488
80$113,961,751$12,407,543$5,805,000$48,485,297
81$125,496,719$12,926,382$5,910,337$52,940,435
82$138,205,447$13,467,837$6,016,396$57,832,808
83$152,207,569$14,032,927$6,123,111$63,206,366
84$167,634,919$14,622,719$6,230,414$69,109,517
85$184,632,779$15,238,330$6,338,230$75,595,578
86$203,361,241$15,880,927$6,446,480$82,723,277
87$223,996,728$16,551,733$6,555,077$90,557,301
88$246,733,653$17,252,026$6,663,931$99,168,904
89$271,786,256$17,983,146$6,772,943$108,636,578
90$299,390,626$18,746,492$6,882,009$119,046,785
91$329,806,930$19,543,530$6,991,016$130,494,769
92$363,321,869$20,375,795$7,099,847$143,085,456
93$400,251,383$21,244,892$7,208,375$156,934,434
94$440,943,633$22,152,501$7,316,465$172,169,039
95$485,782,291$23,100,381$7,423,974$188,929,556
96$535,190,158$24,090,373$7,530,751$207,370,534
97$589,633,157$25,124,404$7,636,634$227,662,239
98$649,624,730$26,204,491$7,741,452$249,992,258
99$715,730,687$27,332,746$7,845,025$274,567,261
100$788,574,545$28,511,378$7,947,161$301,614,946