Can I retire at age 40 with 2,880,000?

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 $2,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$237,828$235,709$233,642$231,625$229,655$224,835
2 years$117,736$115,544$113,419$111,358$109,360$104,526
3 years$77,711$75,509$73,389$71,348$69,382$64,686
4 years$57,703$55,507$53,409$51,402$49,484$44,961
5 years$45,701$43,518$41,447$39,482$37,617$33,280
6 years$37,702$35,536$33,496$31,574$29,765$25,620
7 years$31,991$29,843$27,835$25,959$24,207$20,254
8 years$27,709$25,581$23,606$21,776$20,082$16,319
9 years$24,381$22,273$20,332$18,548$16,912$13,337
10 years$21,720$19,632$17,726$15,989$14,410$11,020
11 years$19,544$17,478$15,606$13,915$12,393$9,183
12 years$17,732$15,687$13,850$12,205$10,739$7,705
13 years$16,200$14,176$12,374$10,776$9,365$6,500
14 years$14,888$12,886$11,118$9,565$8,209$5,509
15 years$13,752$11,772$10,038$8,531$7,228$4,687
16 years$12,759$10,800$9,101$7,638$6,388$3,999
17 years$11,884$9,947$8,281$6,863$5,664$3,422
18 years$11,107$9,191$7,560$6,185$5,036$2,934
19 years$10,413$8,518$6,921$5,589$4,489$2,521
20 years$9,788$7,916$6,351$5,062$4,010$2,169
21 years$9,224$7,373$5,842$4,594$3,588$1,869
22 years$8,712$6,882$5,384$4,177$3,216$1,612
23 years$8,245$6,437$4,972$3,804$2,887$1,392
24 years$7,818$6,031$4,598$3,469$2,595$1,203
25 years$7,425$5,660$4,259$3,168$2,335$1,040
26 years$7,063$5,319$3,950$2,897$2,103$900
27 years$6,729$5,006$3,668$2,652$1,896$779
28 years$6,419$4,717$3,409$2,429$1,711$675
29 years$6,131$4,450$3,173$2,228$1,545$585
30 years$5,862$4,203$2,955$2,045$1,396$507
31 years$5,612$3,973$2,755$1,878$1,262$440
32 years$5,377$3,759$2,571$1,726$1,142$381
33 years$5,158$3,560$2,400$1,587$1,033$331
34 years$4,951$3,374$2,243$1,460$936$287
35 years$4,757$3,200$2,097$1,344$847$249
36 years$4,574$3,038$1,961$1,238$768$216
37 years$4,401$2,885$1,836$1,141$696$188
38 years$4,238$2,742$1,719$1,051$631$163
39 years$4,084$2,607$1,611$969$572$141
40 years$3,937$2,480$1,510$894$519$123
41 years$3,799$2,361$1,416$825$471$107
42 years$3,667$2,249$1,328$761$427$93
43 years$3,541$2,143$1,246$703$388$80
44 years$3,422$2,042$1,170$649$352$70
45 years$3,308$1,948$1,098$599$319$61
46 years$3,200$1,858$1,031$554$290$53
47 years$3,096$1,773$969$511$263$46
48 years$2,997$1,693$911$473$239$40
49 years$2,902$1,616$856$437$217$35
50 years$2,812$1,544$805$404$197$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,880,000, adding $2,705 every year, while hoping to spend $36,301 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: 75/15/10 Blend
39$2,880,000$2,880,000$2,880,000$2,880,000
40$3,176,550$3,023,910$2,979,270$3,408,895
41$3,461,934$3,133,458$3,040,452$3,671,937
42$3,775,211$3,247,157$3,102,466$3,955,266
43$4,119,187$3,365,172$3,165,303$4,264,735
44$4,496,954$3,487,675$3,228,951$4,602,926
45$4,911,918$3,614,846$3,293,395$4,972,681
46$5,367,831$3,746,870$3,358,621$5,377,128
47$5,868,826$3,883,943$3,424,612$5,819,713
48$6,419,457$4,026,268$3,491,347$6,304,230
49$7,024,741$4,174,054$3,558,806$6,834,855
50$7,690,205$4,327,523$3,626,967$7,416,189
51$8,421,937$4,486,903$3,695,802$8,053,299
52$9,226,647$4,652,434$3,765,284$8,751,764
53$10,111,727$4,824,365$3,835,382$9,517,729
54$11,085,319$5,002,955$3,906,063$10,357,963
55$12,156,397$5,188,475$3,977,292$11,279,921
56$13,334,846$5,381,207$4,049,028$12,291,814
57$14,631,561$5,581,446$4,121,230$13,402,686
58$16,058,541$5,789,498$4,193,853$14,622,503
59$17,629,012$6,005,684$4,266,847$15,962,238
60$19,357,545$6,230,336$4,340,160$17,433,982
61$21,260,196$6,463,803$4,413,736$19,051,054
62$23,354,654$6,706,448$4,487,515$20,828,126
63$25,660,413$6,958,648$4,561,431$22,781,362
64$28,198,953$7,220,800$4,635,417$24,928,571
65$30,993,941$7,493,314$4,709,398$27,289,371
66$34,071,457$7,776,620$4,783,297$29,885,377
67$37,460,237$8,071,166$4,857,029$32,740,402
68$41,191,948$8,377,420$4,930,506$35,880,681
69$45,301,483$8,695,870$5,003,634$39,335,123
70$49,827,291$9,027,024$5,076,312$43,135,574
71$54,811,740$9,371,414$5,148,435$47,317,126
72$60,301,519$9,729,594$5,219,888$51,918,441
73$66,348,073$10,102,143$5,290,553$56,982,119
74$73,008,093$10,489,664$5,360,303$62,555,097
75$80,344,049$10,892,789$5,429,004$68,689,092
76$88,424,780$11,312,174$5,496,514$75,441,089
77$97,326,144$11,748,506$5,562,684$82,873,875
78$107,131,731$12,202,503$5,627,354$91,056,637
79$117,933,655$12,674,913$5,690,357$100,065,606
80$129,833,421$13,166,518$5,751,518$109,984,783
81$142,942,885$13,678,132$5,810,649$120,906,725
82$157,385,308$14,210,610$5,867,555$132,933,420
83$173,296,519$14,764,839$5,922,027$146,177,252
84$190,826,198$15,341,750$5,973,849$160,762,055
85$210,139,287$15,942,313$6,022,790$176,824,282
86$231,417,549$16,567,541$6,068,608$194,514,296
87$254,861,281$17,218,492$6,111,049$213,997,783
88$280,691,207$17,896,274$6,149,844$235,457,317
89$309,150,559$18,602,040$6,184,712$259,094,083
90$340,507,374$19,336,997$6,215,358$285,129,773
91$375,057,022$20,102,407$6,241,469$313,808,678
92$413,124,999$20,899,585$6,262,718$345,399,993
93$455,069,992$21,729,907$6,278,762$380,200,355
94$501,287,271$22,594,813$6,289,240$418,536,644
95$552,212,416$23,495,803$6,293,774$460,769,065
96$608,325,433$24,434,447$6,291,966$507,294,548
97$670,155,279$25,412,387$6,283,398$558,550,494
98$738,284,860$26,431,336$6,267,635$615,018,897
99$813,356,531$27,493,087$6,244,216$677,230,901
100$896,078,160$28,599,512$6,212,660$745,771,803