Can I retire at age 40 with 2,780,000?

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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$229,570$227,525$225,530$223,583$221,681$214,671
2 years$113,648$111,532$109,481$107,492$105,562$98,563
3 years$75,013$72,887$70,841$68,871$66,973$60,205
4 years$55,699$53,580$51,554$49,618$47,766$41,280
5 years$44,114$42,007$40,008$38,111$36,311$30,125
6 years$36,393$34,302$32,333$30,478$28,732$22,851
7 years$30,880$28,807$26,869$25,057$23,366$17,790
8 years$26,747$24,693$22,787$21,020$19,385$14,110
9 years$23,534$21,500$19,626$17,904$16,325$11,345
10 years$20,966$18,951$17,110$15,434$13,909$9,217
11 years$18,866$16,871$15,064$13,432$11,963$7,549
12 years$17,117$15,142$13,369$11,782$10,367$6,223
13 years$15,638$13,684$11,944$10,401$9,040$5,155
14 years$14,372$12,439$10,732$9,233$7,924$4,289
15 years$13,275$11,363$9,689$8,234$6,977$3,580
16 years$12,316$10,425$8,785$7,373$6,166$2,997
17 years$11,472$9,601$7,994$6,625$5,468$2,514
18 years$10,721$8,872$7,297$5,970$4,862$2,113
19 years$10,051$8,222$6,680$5,395$4,333$1,779
20 years$9,448$7,641$6,131$4,886$3,870$1,500
21 years$8,904$7,117$5,639$4,434$3,464$1,266
22 years$8,409$6,643$5,197$4,032$3,105$1,069
23 years$7,959$6,213$4,799$3,672$2,787$904
24 years$7,546$5,822$4,438$3,349$2,505$764
25 years$7,167$5,463$4,111$3,058$2,254$647
26 years$6,818$5,135$3,812$2,796$2,030$548
27 years$6,495$4,832$3,540$2,560$1,831$464
28 years$6,196$4,553$3,291$2,345$1,652$393
29 years$5,918$4,296$3,063$2,151$1,491$333
30 years$5,659$4,057$2,853$1,974$1,348$283
31 years$5,417$3,835$2,659$1,813$1,218$240
32 years$5,191$3,629$2,481$1,666$1,102$203
33 years$4,979$3,436$2,317$1,532$997$172
34 years$4,779$3,257$2,165$1,409$903$146
35 years$4,592$3,089$2,024$1,298$818$124
36 years$4,415$2,932$1,893$1,195$741$105
37 years$4,249$2,785$1,772$1,101$672$89
38 years$4,091$2,647$1,659$1,015$609$76
39 years$3,942$2,517$1,555$936$552$64
40 years$3,801$2,394$1,457$863$501$55
41 years$3,667$2,279$1,366$796$454$46
42 years$3,539$2,171$1,282$735$412$39
43 years$3,418$2,068$1,203$678$374$33
44 years$3,303$1,971$1,129$626$340$28
45 years$3,193$1,880$1,060$578$308$24
46 years$3,088$1,793$996$534$280$20
47 years$2,989$1,711$935$494$254$17
48 years$2,893$1,634$879$456$231$15
49 years$2,802$1,560$826$422$210$12
50 years$2,714$1,490$777$390$190$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,780,000, adding $5,119 every year, while hoping to spend $42,057 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: 69/25/6 Blend
39$2,780,000$2,780,000$2,780,000$2,780,000
40$3,068,840$2,921,500$2,878,410$3,277,691
41$3,337,114$3,019,905$2,930,089$3,514,927
42$3,631,341$3,121,723$2,982,089$3,768,697
43$3,954,126$3,227,075$3,034,377$4,045,131
44$4,308,336$3,336,091$3,086,917$4,346,438
45$4,697,127$3,448,900$3,139,670$4,675,054
46$5,123,980$3,565,642$3,192,594$5,033,657
47$5,592,725$3,686,458$3,245,646$5,425,195
48$6,107,585$3,811,496$3,298,777$5,852,913
49$6,673,209$3,940,910$3,351,936$6,320,386
50$7,294,720$4,074,858$3,405,070$6,831,546
51$7,977,762$4,213,507$3,458,120$7,390,725
52$8,728,552$4,357,027$3,511,026$8,002,693
53$9,553,940$4,505,597$3,563,721$8,672,699
54$10,461,472$4,659,402$3,616,136$9,406,527
55$11,459,463$4,818,633$3,668,197$10,210,545
56$12,557,074$4,983,492$3,719,827$11,091,766
57$13,764,396$5,154,183$3,770,942$12,057,913
58$15,092,549$5,330,923$3,821,453$13,117,493
59$16,553,786$5,513,936$3,871,269$14,279,874
60$18,161,606$5,703,452$3,920,290$15,555,377
61$19,930,883$5,899,714$3,968,413$16,955,369
62$21,878,005$6,102,972$4,015,526$18,492,369
63$24,021,029$6,313,485$4,061,514$20,180,170
64$26,379,854$6,531,526$4,106,255$22,033,964
65$28,976,401$6,757,373$4,149,617$24,070,488
66$31,834,830$6,991,320$4,191,464$26,308,178
67$34,981,757$7,233,669$4,231,653$28,767,346
68$38,446,514$7,484,737$4,270,032$31,470,368
69$42,261,420$7,744,850$4,306,439$34,441,894
70$46,462,087$8,014,350$4,340,707$37,709,082
71$51,087,757$8,293,590$4,372,657$41,301,855
72$56,181,671$8,582,939$4,402,104$45,253,175
73$61,791,478$8,882,780$4,428,851$49,599,364
74$67,969,682$9,193,509$4,452,691$54,380,436
75$74,774,141$9,515,542$4,473,408$59,640,480
76$82,268,608$9,849,309$4,490,772$65,428,073
77$90,523,337$10,195,256$4,504,544$71,796,736
78$99,615,744$10,553,850$4,514,472$78,805,441
79$109,631,136$10,925,574$4,520,293$86,519,166
80$120,663,516$11,310,932$4,521,727$95,009,504
81$132,816,475$11,710,448$4,518,485$104,355,343
82$146,204,162$12,124,666$4,510,261$114,643,604
83$160,952,366$12,554,154$4,496,734$125,970,063
84$177,199,701$12,999,502$4,477,568$138,440,254
85$195,098,915$13,461,322$4,452,412$152,170,464
86$214,818,332$13,940,254$4,420,895$167,288,827
87$236,543,438$14,436,963$4,382,631$183,936,534
88$260,478,635$14,952,140$4,337,215$202,269,164
89$286,849,166$15,486,505$4,284,222$222,458,153
90$315,903,245$16,040,808$4,223,208$244,692,405
91$347,914,398$16,615,829$4,153,707$269,180,079
92$383,184,042$17,212,381$4,075,232$296,150,553
93$422,044,334$17,831,308$3,987,272$325,856,582
94$464,861,306$18,473,491$3,889,295$358,576,686
95$512,038,314$19,139,848$3,780,742$394,617,778
96$564,019,854$19,831,332$3,661,029$434,318,057
97$621,295,751$20,548,939$3,529,545$478,050,199
98$684,405,784$21,293,703$3,385,651$526,224,875
99$753,944,783$22,066,703$3,228,679$579,294,623
100$830,568,242$22,869,063$3,057,931$637,758,121