Can I retire at age 40 with 2,840,000?

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 $2,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$234,525$232,436$230,397$228,408$226,466$220,454
2 years$116,101$113,939$111,843$109,812$107,841$101,826
3 years$76,632$74,460$72,370$70,357$68,419$62,590
4 years$56,901$54,736$52,667$50,689$48,797$43,198
5 years$45,066$42,914$40,872$38,934$37,094$31,741
6 years$37,178$35,042$33,030$31,136$29,352$24,249
7 years$31,546$29,429$27,448$25,598$23,871$19,019
8 years$27,324$25,226$23,278$21,474$19,803$15,199
9 years$24,042$21,964$20,050$18,291$16,677$12,318
10 years$21,418$19,360$17,480$15,767$14,210$10,089
11 years$19,273$17,235$15,389$13,722$12,221$8,333
12 years$17,486$15,469$13,657$12,036$10,590$6,928
13 years$15,975$13,980$12,202$10,626$9,235$5,791
14 years$14,682$12,707$10,963$9,433$8,095$4,861
15 years$13,561$11,608$9,899$8,412$7,128$4,095
16 years$12,582$10,650$8,974$7,532$6,300$3,460
17 years$11,719$9,808$8,166$6,768$5,586$2,930
18 years$10,953$9,063$7,455$6,099$4,966$2,487
19 years$10,268$8,400$6,825$5,511$4,427$2,114
20 years$9,652$7,806$6,263$4,991$3,954$1,800
21 years$9,096$7,271$5,761$4,530$3,538$1,534
22 years$8,591$6,787$5,310$4,119$3,172$1,309
23 years$8,131$6,348$4,903$3,751$2,847$1,118
24 years$7,709$5,947$4,534$3,421$2,559$956
25 years$7,322$5,581$4,199$3,124$2,303$817
26 years$6,965$5,245$3,895$2,857$2,074$699
27 years$6,635$4,937$3,617$2,615$1,870$599
28 years$6,330$4,652$3,362$2,396$1,687$513
29 years$6,046$4,388$3,129$2,197$1,524$439
30 years$5,781$4,144$2,914$2,016$1,377$376
31 years$5,534$3,918$2,717$1,852$1,245$323
32 years$5,303$3,707$2,535$1,702$1,126$276
33 years$5,086$3,511$2,367$1,565$1,019$237
34 years$4,882$3,327$2,211$1,440$923$203
35 years$4,691$3,156$2,068$1,326$836$174
36 years$4,511$2,995$1,934$1,221$757$150
37 years$4,340$2,845$1,810$1,125$686$128
38 years$4,179$2,704$1,695$1,037$622$110
39 years$4,027$2,571$1,588$956$564$94
40 years$3,883$2,446$1,489$882$512$81
41 years$3,746$2,328$1,396$813$464$70
42 years$3,616$2,217$1,309$751$421$60
43 years$3,492$2,113$1,229$693$382$51
44 years$3,374$2,014$1,153$640$347$44
45 years$3,262$1,920$1,083$591$315$38
46 years$3,155$1,832$1,017$546$286$32
47 years$3,053$1,748$956$504$260$28
48 years$2,955$1,669$898$466$236$24
49 years$2,862$1,594$844$431$214$20
50 years$2,773$1,522$794$398$195$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,840,000, adding $3,470 every year, while hoping to spend $54,793 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: 76/5/19 Blend
39$2,840,000$2,840,000$2,840,000$2,840,000
40$3,133,259$2,982,739$2,938,719$3,357,365
41$3,394,552$3,070,594$2,978,867$3,594,037
42$3,680,661$3,160,918$3,018,523$3,846,342
43$3,994,058$3,253,772$3,057,614$4,121,528
44$4,337,468$3,349,223$3,096,060$4,421,865
45$4,713,891$3,447,336$3,133,778$4,749,853
46$5,126,629$3,548,177$3,170,682$5,108,245
47$5,579,322$3,651,815$3,206,677$5,500,073
48$6,075,978$3,758,319$3,241,665$5,928,680
49$6,621,011$3,867,759$3,275,544$6,397,746
50$7,219,284$3,980,209$3,308,205$6,911,326
51$7,876,153$4,095,742$3,339,532$7,473,888
52$8,597,519$4,214,431$3,369,404$8,090,354
53$9,389,881$4,336,353$3,397,694$8,766,145
54$10,260,399$4,461,585$3,424,267$9,507,238
55$11,216,962$4,590,204$3,448,982$10,320,215
56$12,268,259$4,722,291$3,471,690$11,212,329
57$13,423,864$4,857,926$3,492,234$12,191,573
58$14,694,325$4,997,191$3,510,451$13,266,751
59$16,091,261$5,140,169$3,526,166$14,447,566
60$17,627,475$5,286,943$3,539,198$15,744,711
61$19,317,073$5,437,598$3,549,357$17,169,965
62$21,175,595$5,592,221$3,556,441$18,736,311
63$23,220,164$5,750,898$3,560,240$20,458,051
64$25,469,645$5,913,717$3,560,533$22,350,947
65$27,944,826$6,080,767$3,557,088$24,432,370
66$30,668,610$6,252,136$3,549,662$26,721,457
67$33,666,232$6,427,914$3,537,999$29,239,299
68$36,965,499$6,608,193$3,521,833$32,009,137
69$40,597,048$6,793,062$3,500,882$35,056,581
70$44,594,638$6,982,614$3,474,854$38,409,852
71$48,995,469$7,176,940$3,443,439$42,100,049
72$53,840,528$7,376,131$3,406,315$46,161,442
73$59,174,980$7,580,279$3,363,145$50,631,797
74$65,048,591$7,789,477$3,313,574$55,552,731
75$71,516,201$8,003,814$3,257,231$60,970,103
76$78,638,235$8,223,383$3,193,731$66,934,451
77$86,481,279$8,448,273$3,122,665$73,501,467
78$95,118,705$8,678,574$3,043,610$80,732,524
79$104,631,363$8,914,374$2,956,121$88,695,253
80$115,108,345$9,155,761$2,859,733$97,464,183
81$126,647,823$9,402,820$2,753,961$107,121,447
82$139,357,978$9,655,635$2,638,296$117,757,552
83$153,358,019$9,914,289$2,512,206$129,472,239
84$168,779,309$10,178,861$2,375,137$142,375,422
85$185,766,602$10,449,428$2,226,507$156,588,226
86$204,479,410$10,726,065$2,065,710$172,244,133
87$225,093,510$11,008,843$1,892,112$189,490,237
88$247,802,600$11,297,828$1,705,049$208,488,639
89$272,820,128$11,593,084$1,503,832$229,417,974
90$300,381,307$11,894,671$1,287,735$252,475,100
91$330,745,331$12,202,641$1,056,006$277,876,952
92$364,197,828$12,517,044$807,855$305,862,597
93$401,053,548$12,837,921$542,460$336,695,486
94$441,659,340$13,165,308$258,962$370,665,947
95$486,397,419$13,499,235$0$408,093,918
96$535,688,981$13,839,723$0$449,340,812
97$589,998,171$14,186,783$0$494,842,936
98$649,836,470$14,540,421$0$544,976,108
99$715,767,517$14,900,629$0$600,212,388
100$788,412,435$15,267,390$0$661,071,975