Can I retire at age 40 with 2,820,000?

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$232,873$230,799$228,775$226,800$224,871$222,987
2 years$115,284$113,137$111,056$109,038$107,081$105,182
3 years$76,092$73,936$71,860$69,862$67,937$66,082
4 years$56,501$54,351$52,296$50,332$48,453$46,656
5 years$44,748$42,612$40,584$38,659$36,833$35,100
6 years$36,916$34,796$32,798$30,916$29,145$27,478
7 years$31,324$29,221$27,255$25,418$23,703$22,102
8 years$27,132$25,048$23,114$21,323$19,664$18,129
9 years$23,873$21,809$19,909$18,162$16,560$15,091
10 years$21,267$19,223$17,357$15,656$14,110$12,707
11 years$19,137$17,113$15,281$13,625$12,135$10,796
12 years$17,363$15,360$13,561$11,951$10,516$9,240
13 years$15,863$13,881$12,116$10,551$9,170$7,956
14 years$14,578$12,618$10,886$9,366$8,038$6,884
15 years$13,466$11,526$9,829$8,353$7,078$5,981
16 years$12,494$10,575$8,911$7,479$6,255$5,216
17 years$11,637$9,739$8,109$6,720$5,546$4,562
18 years$10,876$9,000$7,402$6,056$4,931$4,000
19 years$10,196$8,341$6,777$5,472$4,396$3,515
20 years$9,584$7,751$6,219$4,956$3,926$3,095
21 years$9,032$7,219$5,720$4,498$3,513$2,729
22 years$8,530$6,739$5,272$4,090$3,149$2,411
23 years$8,073$6,303$4,868$3,725$2,827$2,132
24 years$7,655$5,905$4,502$3,397$2,541$1,887
25 years$7,270$5,542$4,170$3,102$2,287$1,672
26 years$6,916$5,209$3,867$2,837$2,060$1,483
27 years$6,589$4,902$3,591$2,596$1,857$1,317
28 years$6,285$4,619$3,338$2,379$1,676$1,169
29 years$6,003$4,357$3,107$2,181$1,513$1,039
30 years$5,740$4,115$2,894$2,002$1,367$924
31 years$5,495$3,890$2,698$1,839$1,236$822
32 years$5,265$3,681$2,517$1,690$1,118$731
33 years$5,050$3,486$2,350$1,554$1,012$651
34 years$4,848$3,304$2,196$1,430$916$580
35 years$4,658$3,134$2,053$1,316$830$517
36 years$4,479$2,974$1,921$1,212$752$460
37 years$4,310$2,825$1,798$1,117$681$410
38 years$4,150$2,685$1,683$1,029$618$366
39 years$3,999$2,553$1,577$949$560$326
40 years$3,855$2,429$1,478$875$508$291
41 years$3,719$2,312$1,386$808$461$259
42 years$3,590$2,202$1,300$745$418$231
43 years$3,467$2,098$1,220$688$380$206
44 years$3,351$2,000$1,145$635$345$184
45 years$3,239$1,907$1,075$587$313$164
46 years$3,133$1,819$1,010$542$284$146
47 years$3,032$1,736$949$501$258$131
48 years$2,935$1,657$892$463$234$117
49 years$2,842$1,583$838$428$213$104
50 years$2,753$1,512$788$395$193$93

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,820,000, adding $4,156 every year, while hoping to spend $52,252 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: 72/18/10 Blend
39$2,820,000$2,820,000$2,820,000$2,820,000
40$3,111,927$2,962,467$2,918,757$3,329,787
41$3,373,748$3,052,032$2,960,940$3,563,924
42$3,660,523$3,144,235$3,002,784$3,813,347
43$3,974,743$3,239,149$3,044,224$4,085,021
44$4,319,150$3,336,850$3,085,189$4,381,128
45$4,696,764$3,437,417$3,125,604$4,704,073
46$5,110,913$3,540,929$3,165,390$5,056,502
47$5,565,260$3,647,468$3,204,464$5,441,329
48$6,063,841$3,757,119$3,242,738$5,861,763
49$6,611,101$3,869,966$3,280,118$6,321,339
50$7,211,937$3,986,098$3,316,506$6,823,947
51$7,871,743$4,105,605$3,351,798$7,373,875
52$8,596,462$4,228,581$3,385,883$7,975,843
53$9,392,638$4,355,119$3,418,648$8,635,051
54$10,267,484$4,485,316$3,449,969$9,357,227
55$11,228,943$4,619,272$3,479,719$10,148,680
56$12,285,767$4,757,089$3,507,761$11,016,358
57$13,447,599$4,898,869$3,533,955$11,967,919
58$14,725,061$5,044,721$3,558,150$13,011,795
59$16,129,857$5,194,752$3,580,188$14,157,277
60$17,674,882$5,349,075$3,599,903$15,414,600
61$19,374,342$5,507,802$3,617,123$16,795,041
62$21,243,891$5,671,050$3,631,662$18,311,022
63$23,300,775$5,838,939$3,643,330$19,976,230
64$25,563,997$6,011,589$3,651,924$21,805,745
65$28,054,493$6,189,126$3,657,232$23,816,182
66$30,795,333$6,371,675$3,659,031$26,025,844
67$33,811,936$6,559,366$3,657,088$28,454,903
68$37,132,311$6,752,332$3,651,157$31,125,579
69$40,787,318$6,950,707$3,640,982$34,062,360
70$44,810,962$7,154,629$3,626,293$37,292,223
71$49,240,712$7,364,239$3,606,806$40,844,898
72$54,117,857$7,579,679$3,582,226$44,753,139
73$59,487,891$7,801,095$3,552,243$49,053,039
74$65,400,943$8,028,636$3,516,530$53,784,369
75$71,912,253$8,262,453$3,474,748$58,990,951
76$79,082,689$8,502,700$3,426,539$64,721,074
77$86,979,325$8,749,534$3,371,529$71,027,947
78$95,676,069$9,003,114$3,309,329$77,970,202
79$105,254,364$9,263,602$3,239,527$85,612,448
80$115,803,954$9,531,164$3,161,696$94,025,879
81$127,423,732$9,805,965$3,075,387$103,288,946
82$140,222,672$10,088,177$2,980,132$113,488,098
83$154,320,858$10,377,971$2,875,440$124,718,597
84$169,850,617$10,675,523$2,760,799$137,085,415
85$186,957,765$10,981,009$2,635,671$150,704,230
86$205,802,988$11,294,610$2,499,497$165,702,511
87$226,563,353$11,616,506$2,351,690$182,220,725
88$249,433,982$11,946,881$2,191,638$200,413,661
89$274,629,891$12,285,921$2,018,701$220,451,892
90$302,388,023$12,633,814$1,832,211$242,523,383
91$332,969,479$12,990,749$1,631,468$266,835,269
92$366,661,988$13,356,918$1,415,744$293,615,805
93$403,782,615$13,732,511$1,184,276$323,116,522
94$444,680,761$14,117,723$936,268$355,614,603
95$489,741,456$14,512,749$670,890$391,415,499
96$539,388,994$14,917,784$387,275$430,855,809
97$594,090,940$15,333,024$84,517$474,306,462
98$654,362,538$15,758,664$0$522,176,213
99$720,771,581$16,194,903$0$574,940,965
100$793,943,764$16,641,935$0$633,082,923