Can I retire at age 40 with 2,900,000?

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 $2,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$239,479$237,346$235,265$233,234$231,250$226,027
2 years$118,554$116,346$114,206$112,132$110,119$104,885
3 years$78,251$76,033$73,899$71,844$69,864$64,782
4 years$58,103$55,893$53,780$51,759$49,828$44,937
5 years$46,018$43,821$41,735$39,756$37,878$33,193
6 years$37,964$35,783$33,728$31,793$29,972$25,497
7 years$32,213$30,050$28,028$26,139$24,375$20,111
8 years$27,902$25,759$23,770$21,927$20,221$16,167
9 years$24,550$22,428$20,473$18,677$17,029$13,181
10 years$21,871$19,769$17,849$16,100$14,510$10,864
11 years$19,680$17,599$15,714$14,012$12,479$9,030
12 years$17,855$15,796$13,946$12,290$10,814$7,557
13 years$16,313$14,275$12,460$10,850$9,430$6,359
14 years$14,992$12,975$11,195$9,632$8,266$5,374
15 years$13,848$11,853$10,108$8,590$7,278$4,559
16 years$12,848$10,875$9,164$7,691$6,433$3,880
17 years$11,967$10,016$8,339$6,911$5,704$3,310
18 years$11,184$9,255$7,612$6,228$5,071$2,830
19 years$10,485$8,577$6,969$5,627$4,520$2,424
20 years$9,856$7,970$6,396$5,097$4,038$2,079
21 years$9,288$7,424$5,883$4,626$3,613$1,786
22 years$8,772$6,930$5,422$4,206$3,239$1,536
23 years$8,302$6,482$5,006$3,830$2,907$1,322
24 years$7,872$6,073$4,630$3,493$2,613$1,139
25 years$7,477$5,699$4,288$3,190$2,351$982
26 years$7,112$5,356$3,977$2,917$2,118$847
27 years$6,776$5,041$3,693$2,670$1,910$731
28 years$6,463$4,750$3,433$2,446$1,723$631
29 years$6,173$4,481$3,195$2,243$1,556$545
30 years$5,903$4,232$2,976$2,059$1,406$471
31 years$5,651$4,001$2,774$1,891$1,271$407
32 years$5,415$3,785$2,588$1,738$1,150$352
33 years$5,193$3,585$2,417$1,598$1,040$304
34 years$4,986$3,398$2,258$1,470$942$263
35 years$4,790$3,223$2,111$1,354$853$227
36 years$4,606$3,059$1,975$1,247$773$197
37 years$4,432$2,905$1,849$1,149$701$170
38 years$4,268$2,761$1,731$1,059$635$147
39 years$4,112$2,625$1,622$976$576$127
40 years$3,965$2,498$1,520$900$522$110
41 years$3,825$2,378$1,425$831$474$95
42 years$3,692$2,264$1,337$767$430$83
43 years$3,566$2,157$1,255$708$390$72
44 years$3,446$2,056$1,178$653$354$62
45 years$3,331$1,961$1,106$603$322$54
46 years$3,222$1,871$1,039$557$292$46
47 years$3,118$1,785$976$515$265$40
48 years$3,018$1,704$917$476$241$35
49 years$2,923$1,628$862$440$219$30
50 years$2,831$1,555$810$406$199$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,900,000, adding $2,075 every year, while hoping to spend $56,714 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: 37/37/26 Blend
39$2,900,000$2,900,000$2,900,000$2,900,000
40$3,197,940$3,044,240$2,999,290$3,291,290
41$3,463,787$3,133,065$3,039,423$3,448,981
42$3,754,849$3,224,341$3,079,000$3,613,843
43$4,073,639$3,318,129$3,117,942$3,790,819
44$4,422,923$3,414,490$3,156,166$3,981,039
45$4,805,748$3,513,487$3,193,584$4,185,745
46$5,225,469$3,615,182$3,230,104$4,406,305
47$5,685,782$3,719,641$3,265,627$4,644,226
48$6,190,757$3,826,929$3,300,051$4,901,164
49$6,744,878$3,937,113$3,333,267$5,178,945
50$7,353,084$4,050,259$3,365,159$5,479,577
51$8,020,813$4,166,437$3,395,607$5,805,273
52$8,754,059$4,285,715$3,424,482$6,158,469
53$9,559,422$4,408,164$3,451,652$6,541,847
54$10,444,175$4,533,856$3,476,974$6,958,363
55$11,416,327$4,662,861$3,500,299$7,411,271
56$12,484,705$4,795,254$3,521,472$7,904,156
57$13,659,031$4,931,107$3,540,326$8,440,966
58$14,950,015$5,070,495$3,556,691$9,026,051
59$16,369,460$5,213,492$3,570,383$9,664,205
60$17,930,366$5,360,175$3,581,212$10,360,705
61$19,647,058$5,510,618$3,588,978$11,121,368
62$21,535,318$5,664,899$3,593,469$11,952,603
63$23,612,535$5,823,093$3,594,464$12,861,471
64$25,897,868$5,985,278$3,591,733$13,855,750
65$28,412,425$6,151,532$3,585,030$14,944,013
66$31,179,466$6,321,930$3,574,102$16,135,705
67$34,224,617$6,496,551$3,558,681$17,441,233
68$37,576,117$6,675,470$3,538,485$18,872,066
69$41,265,078$6,858,766$3,513,222$20,440,840
70$45,325,783$7,046,513$3,482,582$22,161,482
71$49,796,008$7,238,787$3,446,243$24,049,336
72$54,717,376$7,435,663$3,403,868$26,121,312
73$60,135,753$7,637,214$3,355,101$28,396,046
74$66,101,675$7,843,513$3,299,573$30,894,073
75$72,670,832$8,054,631$3,236,895$33,638,021
76$79,904,587$8,270,638$3,166,661$36,652,831
77$87,870,556$8,491,601$3,088,446$39,965,984
78$96,643,250$8,717,586$3,001,805$43,607,767
79$106,304,769$8,948,656$2,906,273$47,611,557
80$116,945,587$9,184,871$2,801,365$52,014,135
81$128,665,397$9,426,290$2,686,570$56,856,037
82$141,574,055$9,672,966$2,561,358$62,181,934
83$155,792,617$9,924,949$2,425,172$68,041,056
84$171,454,479$10,182,288$2,277,431$74,487,657
85$188,706,639$10,445,022$2,117,528$81,581,526
86$207,711,078$10,713,191$1,944,827$89,388,555
87$228,646,296$10,986,825$1,758,667$97,981,358
88$251,708,990$11,265,951$1,558,354$107,439,963
89$277,115,913$11,550,589$1,343,164$117,852,562
90$305,105,919$11,840,751$1,112,343$129,316,348
91$335,942,217$12,136,442$865,102$141,938,432
92$369,914,856$12,437,660$600,615$155,836,856
93$407,343,460$12,744,394$318,024$171,141,710
94$448,580,246$13,056,623$16,431$187,996,357
95$494,013,349$13,374,315$0$206,558,792
96$544,070,482$13,697,428$0$227,087,863
97$599,222,978$14,025,908$0$249,701,099
98$659,990,233$14,359,690$0$274,605,686
99$726,944,614$14,698,691$0$302,034,969
100$800,716,856$15,042,819$0$332,246,085