Can I retire at age 40 with 2,910,000?

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 $2,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$240,305$238,165$236,076$234,038$232,047$224,171
2 years$118,963$116,747$114,600$112,518$110,499$102,642
3 years$78,521$76,296$74,154$72,091$70,105$62,515
4 years$58,304$56,085$53,965$51,938$49,999$42,735
5 years$46,177$43,972$41,879$39,893$38,009$31,088
6 years$38,095$35,906$33,845$31,903$30,075$23,504
7 years$32,324$30,154$28,125$26,229$24,459$18,236
8 years$27,998$25,847$23,852$22,003$20,291$14,412
9 years$24,635$22,505$20,544$18,742$17,088$11,545
10 years$21,946$19,837$17,911$16,156$14,560$9,345
11 years$19,748$17,660$15,768$14,060$12,522$7,624
12 years$17,917$15,850$13,994$12,333$10,851$6,259
13 years$16,369$14,324$12,503$10,888$9,463$5,165
14 years$15,044$13,020$11,234$9,665$8,295$4,279
15 years$13,896$11,894$10,142$8,620$7,303$3,557
16 years$12,892$10,913$9,196$7,718$6,455$2,964
17 years$12,008$10,050$8,368$6,934$5,723$2,476
18 years$11,223$9,287$7,639$6,249$5,089$2,072
19 years$10,521$8,607$6,993$5,647$4,536$1,736
20 years$9,890$7,998$6,418$5,114$4,051$1,457
21 years$9,320$7,450$5,903$4,641$3,626$1,224
22 years$8,803$6,954$5,441$4,220$3,250$1,029
23 years$8,331$6,504$5,023$3,843$2,917$866
24 years$7,899$6,094$4,646$3,505$2,622$729
25 years$7,502$5,719$4,303$3,201$2,359$614
26 years$7,137$5,375$3,991$2,927$2,125$517
27 years$6,799$5,058$3,706$2,679$1,916$436
28 years$6,486$4,766$3,445$2,455$1,729$368
29 years$6,195$4,497$3,206$2,251$1,561$310
30 years$5,924$4,246$2,986$2,066$1,411$262
31 years$5,670$4,014$2,784$1,897$1,275$221
32 years$5,433$3,798$2,597$1,744$1,154$186
33 years$5,211$3,597$2,425$1,604$1,044$157
34 years$5,003$3,409$2,266$1,475$945$133
35 years$4,807$3,234$2,119$1,358$856$112
36 years$4,622$3,069$1,982$1,251$776$95
37 years$4,447$2,915$1,855$1,152$703$80
38 years$4,282$2,770$1,737$1,062$637$67
39 years$4,126$2,634$1,627$979$578$57
40 years$3,978$2,506$1,525$903$524$48
41 years$3,838$2,386$1,430$834$476$41
42 years$3,705$2,272$1,342$769$432$34
43 years$3,578$2,165$1,259$710$392$29
44 years$3,457$2,064$1,182$656$356$24
45 years$3,343$1,968$1,110$606$323$21
46 years$3,233$1,877$1,042$559$293$17
47 years$3,128$1,791$979$517$266$15
48 years$3,028$1,710$920$477$242$12
49 years$2,933$1,633$865$441$219$11
50 years$2,841$1,560$813$408$199$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,910,000, adding $3,189 every year, while hoping to spend $20,930 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: 28/45/27 Blend
39$2,910,000$2,910,000$2,910,000$2,910,000
40$3,210,109$3,055,879$3,010,774$3,272,985
41$3,515,271$3,183,348$3,089,366$3,450,772
42$3,850,858$3,316,361$3,169,889$3,639,621
43$4,219,951$3,455,169$3,252,386$3,842,096
44$4,625,945$3,600,031$3,336,900$4,059,380
45$5,072,581$3,751,222$3,423,475$4,292,768
46$5,563,980$3,909,027$3,512,157$4,543,679
47$6,104,682$4,073,745$3,602,990$4,813,669
48$6,699,690$4,245,690$3,696,022$5,104,441
49$7,354,518$4,425,188$3,791,298$5,417,866
50$8,075,239$4,612,583$3,888,867$5,755,991
51$8,868,547$4,808,233$3,988,777$6,121,065
52$9,741,815$5,012,513$4,091,077$6,515,554
53$10,703,170$5,225,816$4,195,818$6,942,166
54$11,761,566$5,448,553$4,303,051$7,403,871
55$12,926,868$5,681,154$4,412,825$7,903,931
56$14,209,948$5,924,070$4,525,194$8,445,927
57$15,622,785$6,177,772$4,640,210$9,033,793
58$17,178,579$6,442,753$4,757,928$9,671,851
59$18,891,876$6,719,530$4,878,400$10,364,846
60$20,778,703$7,008,642$5,001,682$11,117,995
61$22,856,722$7,310,657$5,127,830$11,937,031
62$25,145,394$7,626,166$5,256,899$12,828,254
63$27,666,166$7,955,790$5,388,946$13,798,589
64$30,442,668$8,300,177$5,524,030$14,855,652
65$33,500,942$8,660,007$5,662,207$16,007,814
66$36,869,684$9,035,993$5,803,536$17,264,282
67$40,580,514$9,428,879$5,948,076$18,635,182
68$44,668,277$9,839,445$6,095,888$20,131,650
69$49,171,372$10,268,508$6,247,031$21,765,936
70$54,132,110$10,716,924$6,401,565$23,551,518
71$59,597,120$11,185,587$6,559,551$25,503,222
72$65,617,782$11,675,437$6,721,052$27,637,363
73$72,250,717$12,187,454$6,886,128$29,971,892
74$79,558,318$12,722,668$7,054,842$32,526,565
75$87,609,343$13,282,155$7,227,256$35,323,123
76$96,479,559$13,867,043$7,403,431$38,385,494
77$106,252,459$14,478,514$7,583,432$41,740,018
78$117,020,054$15,117,804$7,767,320$45,415,684
79$128,883,732$15,786,210$7,955,159$49,444,409
80$141,955,227$16,485,088$8,147,010$53,861,326
81$156,357,662$17,215,860$8,342,938$58,705,115
82$172,226,721$17,980,014$8,543,003$64,018,363
83$189,711,922$18,779,110$8,747,269$69,847,958
84$208,978,032$19,614,781$8,955,797$76,245,531
85$230,206,624$20,488,738$9,168,649$83,267,930
86$253,597,787$21,402,773$9,385,885$90,977,760
87$279,372,016$22,358,763$9,607,567$99,443,960
88$307,772,294$23,358,676$9,833,754$108,742,449
89$339,066,388$24,404,571$10,064,504$118,956,839
90$373,549,371$25,498,606$10,299,876$130,179,212
91$411,546,412$26,643,042$10,539,927$142,510,986
92$453,415,843$27,840,249$10,784,712$156,063,863
93$499,552,545$29,092,707$11,034,286$170,960,872
94$550,391,672$30,403,017$11,288,701$187,337,528
95$606,412,759$31,773,902$11,548,010$205,343,096
96$668,144,253$33,208,216$11,812,261$225,141,996
97$736,168,498$34,708,949$12,081,503$246,915,339
98$811,127,232$36,279,235$12,355,780$270,862,632
99$893,727,647$37,922,355$12,635,137$297,203,650
100$984,749,067$39,641,749$12,919,613$326,180,493