Can I retire at age 40 with 2,710,000?

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$223,789$221,796$219,851$217,953$216,099$208,764
2 years$110,787$108,723$106,724$104,785$102,904$95,588
3 years$73,124$71,052$69,057$67,137$65,287$58,219
4 years$54,297$52,231$50,256$48,368$46,563$39,798
5 years$43,003$40,950$39,001$37,151$35,397$28,951
6 years$35,476$33,438$31,518$29,710$28,008$21,888
7 years$30,102$28,081$26,192$24,426$22,778$16,983
8 years$26,074$24,071$22,213$20,491$18,897$13,422
9 years$22,942$20,958$19,132$17,454$15,914$10,752
10 years$20,438$18,474$16,680$15,045$13,559$8,702
11 years$18,391$16,446$14,684$13,094$11,661$7,100
12 years$16,686$14,761$13,032$11,485$10,106$5,829
13 years$15,244$13,340$11,643$10,140$8,812$4,810
14 years$14,010$12,125$10,462$9,001$7,725$3,985
15 years$12,941$11,077$9,445$8,027$6,801$3,312
16 years$12,006$10,163$8,564$7,187$6,011$2,760
17 years$11,183$9,359$7,793$6,458$5,330$2,306
18 years$10,451$8,649$7,114$5,820$4,739$1,929
19 years$9,798$8,015$6,512$5,259$4,224$1,617
20 years$9,210$7,448$5,977$4,763$3,773$1,357
21 years$8,680$6,938$5,497$4,322$3,376$1,140
22 years$8,198$6,476$5,067$3,930$3,026$958
23 years$7,758$6,057$4,678$3,579$2,717$806
24 years$7,356$5,675$4,326$3,264$2,442$679
25 years$6,987$5,326$4,007$2,981$2,197$572
26 years$6,646$5,005$3,716$2,726$1,979$482
27 years$6,332$4,711$3,451$2,495$1,784$406
28 years$6,040$4,439$3,208$2,286$1,610$342
29 years$5,769$4,187$2,985$2,096$1,454$289
30 years$5,516$3,955$2,781$1,924$1,314$244
31 years$5,281$3,738$2,593$1,767$1,188$206
32 years$5,060$3,537$2,419$1,624$1,074$173
33 years$4,853$3,350$2,259$1,493$972$146
34 years$4,659$3,175$2,110$1,374$880$124
35 years$4,476$3,011$1,973$1,265$797$104
36 years$4,304$2,858$1,846$1,165$722$88
37 years$4,142$2,715$1,727$1,073$655$74
38 years$3,988$2,580$1,618$989$594$63
39 years$3,843$2,453$1,516$912$538$53
40 years$3,705$2,334$1,421$841$488$45
41 years$3,574$2,222$1,332$776$443$38
42 years$3,450$2,116$1,250$716$402$32
43 years$3,332$2,016$1,172$661$365$27
44 years$3,220$1,922$1,101$611$331$23
45 years$3,113$1,833$1,033$564$301$19
46 years$3,011$1,748$971$521$273$16
47 years$2,913$1,668$912$481$248$14
48 years$2,820$1,593$857$445$225$12
49 years$2,731$1,521$805$411$204$10
50 years$2,646$1,453$757$380$186$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,710,000, adding $6,853 every year, while hoping to spend $40,843 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: 50/45/5 Blend
39$2,710,000$2,710,000$2,710,000$2,710,000
40$2,993,489$2,849,859$2,807,854$3,139,256
41$3,255,368$2,946,045$2,858,460$3,335,347
42$3,542,590$3,045,576$2,909,393$3,543,324
43$3,857,697$3,148,572$2,960,620$3,768,319
44$4,203,488$3,255,158$3,012,107$4,011,934
45$4,583,047$3,365,464$3,063,816$4,275,925
46$4,999,772$3,479,626$3,115,708$4,562,228
47$5,457,404$3,597,783$3,167,740$4,872,968
48$5,960,066$3,720,081$3,219,866$5,210,482
49$6,512,299$3,846,671$3,272,037$5,577,342
50$7,119,104$3,977,709$3,324,202$5,976,375
51$7,785,995$4,113,358$3,376,304$6,410,693
52$8,519,042$4,253,788$3,428,286$6,883,717
53$9,324,934$4,399,174$3,480,083$7,399,213
54$10,211,040$4,549,697$3,531,629$7,961,324
55$11,185,482$4,705,547$3,582,854$8,574,611
56$12,257,203$4,866,920$3,633,681$9,244,090
57$13,436,059$5,034,022$3,684,032$9,975,285
58$14,732,911$5,207,062$3,733,821$10,774,275
59$16,159,722$5,386,263$3,782,958$11,647,752
60$17,729,676$5,571,852$3,831,349$12,603,083
61$19,457,298$5,764,067$3,878,894$13,648,379
62$21,358,591$5,963,156$3,925,486$14,792,569
63$23,451,191$6,169,374$3,971,014$16,045,486
64$25,754,528$6,382,989$4,015,358$17,417,955
65$28,290,012$6,604,277$4,058,394$18,921,899
66$31,081,233$6,833,527$4,099,991$20,570,444
67$34,154,187$7,071,037$4,140,008$22,378,048
68$37,537,516$7,317,120$4,178,300$24,360,634
69$41,262,782$7,572,098$4,214,713$26,535,736
70$45,364,763$7,836,308$4,249,083$28,922,667
71$49,881,781$8,110,100$4,281,239$31,542,701
72$54,856,064$8,393,836$4,311,002$34,419,266
73$60,334,144$8,687,895$4,338,182$37,578,170
74$66,367,294$8,992,670$4,362,579$41,047,842
75$73,012,017$9,308,570$4,383,985$44,859,596
76$80,330,572$9,636,019$4,402,177$49,047,926
77$88,391,567$9,975,461$4,416,927$53,650,832
78$97,270,603$10,327,354$4,427,989$58,710,176
79$107,050,987$10,692,177$4,435,110$64,272,073
80$117,824,522$11,070,428$4,438,021$70,387,327
81$129,692,370$11,462,626$4,436,441$77,111,909
82$142,766,005$11,869,307$4,430,075$84,507,481
83$157,168,268$12,291,035$4,418,613$92,641,977
84$173,034,527$12,728,391$4,401,732$101,590,243
85$190,513,950$13,181,983$4,379,091$111,434,741
86$209,770,915$13,652,442$4,350,333$122,266,324
87$230,986,564$14,140,428$4,315,085$134,185,092
88$254,360,509$14,646,623$4,272,955$147,301,334
89$280,112,715$15,171,742$4,223,533$161,736,567
90$308,485,580$15,716,526$4,166,390$177,624,682
91$339,746,220$16,281,747$4,101,076$195,113,200
92$374,188,992$16,868,210$4,027,119$214,364,667
93$412,138,270$17,476,753$3,944,028$235,558,185
94$453,951,506$18,108,247$3,851,286$258,891,096
95$500,022,610$18,763,601$3,748,354$284,580,844
96$550,785,660$19,443,760$3,634,667$312,867,025
97$606,719,004$20,149,712$3,509,635$344,013,644
98$668,349,775$20,882,480$3,372,641$378,311,605
99$736,258,866$21,643,136$3,223,038$416,081,450
100$811,086,413$22,432,792$3,060,153$457,676,386