Can I retire at age 40 with 2,930,000?

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 $2,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$241,957$239,801$237,699$235,646$233,642$227,349
2 years$119,781$117,550$115,388$113,292$111,258$104,962
3 years$79,060$76,820$74,664$72,587$70,587$64,486
4 years$58,704$56,471$54,336$52,295$50,343$44,484
5 years$46,494$44,274$42,167$40,167$38,270$32,669
6 years$38,356$36,153$34,077$32,122$30,282$24,944
7 years$32,546$30,361$28,318$26,409$24,627$19,553
8 years$28,190$26,025$24,016$22,154$20,431$15,617
9 years$24,804$22,660$20,685$18,870$17,206$12,649
10 years$22,097$19,973$18,034$16,267$14,660$10,354
11 years$19,884$17,781$15,877$14,157$12,608$8,546
12 years$18,040$15,959$14,090$12,417$10,926$7,100
13 years$16,482$14,423$12,589$10,963$9,528$5,931
14 years$15,147$13,110$11,311$9,731$8,352$4,975
15 years$13,991$11,976$10,212$8,679$7,354$4,188
16 years$12,981$10,988$9,259$7,771$6,499$3,536
17 years$12,091$10,119$8,425$6,982$5,763$2,993
18 years$11,300$9,351$7,691$6,292$5,124$2,538
19 years$10,593$8,666$7,041$5,686$4,567$2,156
20 years$9,958$8,053$6,462$5,149$4,079$1,834
21 years$9,384$7,501$5,944$4,673$3,651$1,562
22 years$8,863$7,002$5,478$4,249$3,272$1,332
23 years$8,388$6,549$5,058$3,870$2,937$1,137
24 years$7,953$6,136$4,678$3,530$2,640$971
25 years$7,554$5,758$4,332$3,223$2,376$829
26 years$7,186$5,412$4,018$2,947$2,140$709
27 years$6,846$5,093$3,731$2,698$1,929$607
28 years$6,530$4,799$3,469$2,472$1,741$519
29 years$6,237$4,527$3,228$2,267$1,572$444
30 years$5,964$4,276$3,007$2,080$1,420$380
31 years$5,709$4,042$2,803$1,910$1,284$326
32 years$5,471$3,824$2,615$1,756$1,162$279
33 years$5,247$3,622$2,442$1,615$1,051$239
34 years$5,037$3,433$2,282$1,486$952$205
35 years$4,840$3,256$2,133$1,368$862$176
36 years$4,654$3,090$1,995$1,259$781$150
37 years$4,478$2,935$1,868$1,160$708$129
38 years$4,312$2,789$1,749$1,070$642$111
39 years$4,155$2,652$1,639$986$582$95
40 years$4,006$2,524$1,536$910$528$81
41 years$3,865$2,402$1,440$839$479$70
42 years$3,730$2,288$1,351$775$435$60
43 years$3,603$2,180$1,268$715$394$51
44 years$3,481$2,078$1,190$660$358$44
45 years$3,366$1,981$1,117$610$325$38
46 years$3,255$1,890$1,049$563$295$32
47 years$3,150$1,804$986$520$268$28
48 years$3,049$1,722$926$481$243$24
49 years$2,953$1,644$871$444$221$20
50 years$2,861$1,571$819$411$201$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $2,930,000, adding $6,264 every year, while hoping to spend $26,706 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: 38/34/28 Blend
39$2,930,000$2,930,000$2,930,000$2,930,000
40$3,235,321$3,080,031$3,034,616$3,331,086
41$3,536,909$3,202,538$3,107,861$3,524,527
42$3,868,364$3,330,152$3,182,664$3,730,547
43$4,232,704$3,463,096$3,259,050$3,952,698
44$4,633,254$3,601,602$3,337,043$4,192,463
45$5,073,678$3,745,913$3,416,666$4,451,470
46$5,558,011$3,896,281$3,497,943$4,731,505
47$6,090,702$4,052,973$3,580,897$5,034,533
48$6,676,649$4,216,264$3,665,553$5,362,711
49$7,321,250$4,386,444$3,751,932$5,718,410
50$8,030,454$4,563,816$3,840,058$6,104,233
51$8,810,813$4,748,695$3,929,953$6,523,046
52$9,669,549$4,941,414$4,021,638$6,977,996
53$10,614,616$5,142,316$4,115,136$7,472,545
54$11,654,781$5,351,765$4,210,468$8,010,498
55$12,799,704$5,570,136$4,307,654$8,596,040
56$14,060,027$5,797,826$4,406,714$9,233,777
57$15,447,478$6,035,248$4,507,667$9,928,771
58$16,974,979$6,282,833$4,610,532$10,686,593
59$18,656,769$6,541,034$4,715,326$11,513,372
60$20,508,536$6,810,321$4,822,067$12,415,853
61$22,547,571$7,091,191$4,930,770$13,401,455
62$24,792,922$7,384,159$5,041,450$14,478,345
63$27,265,583$7,689,765$5,154,121$15,655,510
64$29,988,684$8,008,575$5,268,796$16,942,842
65$32,987,715$8,341,181$5,385,486$18,351,229
66$36,290,763$8,688,200$5,504,201$19,892,657
67$39,928,778$9,050,279$5,624,949$21,580,319
68$43,935,867$9,428,095$5,747,737$23,428,742
69$48,349,610$9,822,357$5,872,572$25,453,917
70$53,211,422$10,233,804$5,999,455$27,673,452
71$58,566,938$10,663,212$6,128,388$30,106,734
72$64,466,448$11,111,392$6,259,371$32,775,111
73$70,965,367$11,579,191$6,392,401$35,702,092
74$78,124,761$12,067,498$6,527,473$38,913,563
75$86,011,922$12,577,240$6,664,579$42,438,032
76$94,701,004$13,109,391$6,803,708$46,306,897
77$104,273,723$13,664,968$6,944,848$50,554,735
78$114,820,125$14,245,033$7,087,983$55,219,630
79$126,439,440$14,850,702$7,233,093$60,343,527
80$139,241,017$15,483,141$7,380,155$65,972,626
81$153,345,354$16,143,568$7,529,144$72,157,816
82$168,885,239$16,833,262$7,680,029$78,955,148
83$186,007,000$17,553,558$7,832,777$86,426,366
84$204,871,888$18,305,857$7,987,349$94,639,485
85$225,657,597$19,091,621$8,143,702$103,669,425
86$248,559,946$19,912,384$8,301,790$113,598,720
87$273,794,720$20,769,751$8,461,560$124,518,291
88$301,599,714$21,665,401$8,622,954$136,528,299
89$332,236,972$22,601,092$8,785,910$149,739,086
90$365,995,264$23,578,667$8,950,359$164,272,215
91$403,192,810$24,600,051$9,116,226$180,261,610
92$444,180,287$25,667,263$9,283,429$197,854,816
93$489,344,132$26,782,415$9,451,880$217,214,387
94$539,110,200$27,947,720$9,621,485$238,519,414
95$593,947,775$29,165,493$9,792,139$261,967,212
96$654,374,006$30,438,160$9,963,733$287,775,175
97$720,958,784$31,768,259$10,136,148$316,182,823
98$794,330,126$33,158,450$10,309,255$347,454,055
99$875,180,102$34,611,517$10,482,918$381,879,636
100$964,271,367$36,130,376$10,656,990$419,779,934