Can I retire at age 40 with 2,470,000?

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 $2,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$203,970$202,153$200,381$198,651$196,961$193,778
2 years$100,975$99,095$97,272$95,505$93,791$90,593
3 years$66,648$64,760$62,942$61,191$59,505$56,391
4 years$49,488$47,605$45,805$44,085$42,439$39,434
5 years$39,195$37,323$35,547$33,861$32,262$29,374
6 years$32,335$30,477$28,727$27,079$25,528$22,760
7 years$27,436$25,595$23,872$22,263$20,761$18,114
8 years$23,765$21,939$20,246$18,676$17,223$14,698
9 years$20,910$19,102$17,438$15,908$14,504$12,098
10 years$18,628$16,838$15,202$13,713$12,358$10,070
11 years$16,762$14,989$13,384$11,934$10,629$8,455
12 years$15,208$13,454$11,878$10,468$9,211$7,149
13 years$13,894$12,158$10,612$9,242$8,032$6,080
14 years$12,769$11,052$9,535$8,204$7,041$5,195
15 years$11,795$10,096$8,609$7,316$6,199$4,456
16 years$10,943$9,263$7,805$6,551$5,479$3,835
17 years$10,192$8,531$7,102$5,886$4,858$3,309
18 years$9,526$7,883$6,484$5,304$4,319$2,863
19 years$8,930$7,306$5,935$4,793$3,850$2,481
20 years$8,395$6,789$5,447$4,341$3,439$2,154
21 years$7,911$6,323$5,010$3,940$3,077$1,873
22 years$7,472$5,903$4,618$3,582$2,758$1,631
23 years$7,071$5,521$4,264$3,262$2,476$1,421
24 years$6,705$5,172$3,943$2,975$2,226$1,240
25 years$6,368$4,854$3,652$2,717$2,003$1,082
26 years$6,058$4,562$3,387$2,485$1,804$946
27 years$5,771$4,293$3,145$2,274$1,626$827
28 years$5,505$4,046$2,924$2,084$1,468$723
29 years$5,258$3,817$2,721$1,911$1,325$633
30 years$5,028$3,604$2,535$1,754$1,197$554
31 years$4,813$3,407$2,363$1,611$1,083$485
32 years$4,612$3,224$2,205$1,480$979$425
33 years$4,423$3,053$2,058$1,361$886$372
34 years$4,246$2,894$1,923$1,252$802$326
35 years$4,080$2,745$1,798$1,153$727$286
36 years$3,923$2,605$1,682$1,062$658$251
37 years$3,775$2,474$1,574$978$597$220
38 years$3,635$2,351$1,474$902$541$193
39 years$3,502$2,236$1,381$831$491$169
40 years$3,377$2,127$1,295$767$445$149
41 years$3,258$2,025$1,214$707$404$130
42 years$3,145$1,929$1,139$653$366$114
43 years$3,037$1,838$1,069$603$332$100
44 years$2,935$1,752$1,003$557$302$88
45 years$2,837$1,670$942$514$274$77
46 years$2,744$1,593$885$475$249$68
47 years$2,655$1,521$831$439$226$60
48 years$2,570$1,452$781$405$205$52
49 years$2,489$1,386$734$375$186$46
50 years$2,412$1,324$690$346$169$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,470,000, adding $4,728 every year, while hoping to spend $48,968 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: 42/50/8 Blend
39$2,470,000$2,470,000$2,470,000$2,470,000
40$2,726,817$2,595,907$2,557,622$2,834,756
41$2,952,851$2,671,005$2,591,201$2,985,528
42$3,200,299$2,748,141$2,624,263$3,143,363
43$3,471,293$2,827,365$2,656,740$3,313,147
44$3,768,184$2,908,723$2,688,559$3,495,985
45$4,093,555$2,992,268$2,719,643$3,693,096
46$4,450,257$3,078,048$2,749,910$3,905,816
47$4,841,425$3,166,115$2,779,274$4,135,617
48$5,270,516$3,256,520$2,807,645$4,384,119
49$5,741,335$3,349,316$2,834,928$4,653,103
50$6,258,074$3,444,555$2,861,021$4,944,528
51$6,825,351$3,542,292$2,885,819$5,260,552
52$7,448,253$3,642,580$2,909,209$5,603,547
53$8,132,382$3,745,473$2,931,075$5,976,126
54$8,883,910$3,851,027$2,951,291$6,381,165
55$9,709,639$3,959,297$2,969,729$6,821,829
56$10,617,058$4,070,338$2,986,251$7,301,604
57$11,614,421$4,184,208$3,000,713$7,824,327
58$12,710,819$4,300,961$3,012,964$8,394,222
59$13,916,269$4,420,654$3,022,845$9,015,943
60$15,241,806$4,543,345$3,030,189$9,694,614
61$16,699,590$4,669,088$3,034,820$10,435,878
62$18,303,016$4,797,942$3,036,554$11,245,948
63$20,066,844$4,929,961$3,035,199$12,131,670
64$22,007,335$5,065,202$3,030,551$13,100,584
65$24,142,407$5,203,721$3,022,398$14,160,995
66$26,491,802$5,345,572$3,010,518$15,322,049
67$29,077,271$5,490,811$2,994,675$16,593,825
68$31,922,782$5,639,490$2,974,626$17,987,423
69$35,054,743$5,791,663$2,950,114$19,515,074
70$38,502,254$5,947,381$2,920,870$21,190,250
71$42,297,376$6,106,695$2,886,611$23,027,794
72$46,475,440$6,269,654$2,847,044$25,044,061
73$51,075,373$6,436,305$2,801,858$27,257,068
74$56,140,072$6,606,695$2,750,731$29,686,665
75$61,716,803$6,780,867$2,693,324$32,354,726
76$67,857,650$6,958,862$2,629,284$35,285,349
77$74,620,003$7,140,720$2,558,238$38,505,087
78$82,067,104$7,326,476$2,479,799$42,043,198
79$90,268,639$7,516,163$2,393,563$45,931,920
80$99,301,398$7,709,813$2,299,105$50,206,774
81$109,249,996$7,907,449$2,195,981$54,906,903
82$120,207,677$8,109,096$2,083,727$60,075,435
83$132,277,188$8,314,769$1,961,860$65,759,898
84$145,571,752$8,524,483$1,829,873$72,012,658
85$160,216,133$8,738,246$1,687,236$78,891,425
86$176,347,817$8,956,058$1,533,397$86,459,787
87$194,118,306$9,177,917$1,367,778$94,787,816
88$213,694,550$9,403,812$1,189,775$103,952,728
89$235,260,521$9,633,725$998,759$114,039,612
90$259,018,948$9,867,632$794,072$125,142,232
91$285,193,233$10,105,498$575,026$137,363,913
92$314,029,558$10,347,282$340,904$150,818,518
93$345,799,205$10,592,932$90,957$165,631,518
94$380,801,124$10,842,385$0$181,941,183
95$419,364,746$11,095,570$0$199,914,885
96$461,853,098$11,352,400$0$219,714,790
97$508,666,226$11,612,779$0$241,518,233
98$560,244,972$11,876,597$0$265,529,194
99$617,075,136$12,143,727$0$291,972,455
100$679,692,060$12,414,030$0$321,095,721