Can I retire at age 40 with 3,000,000?

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 $3,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$247,737$245,530$243,378$241,276$239,224$237,617
2 years$122,642$120,358$118,144$115,998$113,916$112,295
3 years$80,949$78,655$76,447$74,321$72,273$70,689
4 years$60,107$57,820$55,634$53,544$51,546$50,010
5 years$47,605$45,332$43,174$41,127$39,184$37,702
6 years$39,273$37,017$34,891$32,890$31,005$29,578
7 years$33,324$31,087$28,995$27,040$25,216$23,844
8 years$28,864$26,647$24,590$22,684$20,919$19,603
9 years$25,397$23,201$21,179$19,321$17,617$16,356
10 years$22,625$20,450$18,465$16,655$15,010$13,805
11 years$20,359$18,206$16,256$14,495$12,909$11,758
12 years$18,471$16,341$14,427$12,714$11,187$10,088
13 years$16,875$14,767$12,889$11,225$9,755$8,708
14 years$15,509$13,423$11,581$9,964$8,551$7,555
15 years$14,326$12,262$10,456$8,886$7,529$6,582
16 years$13,291$11,250$9,480$7,957$6,654$5,755
17 years$12,379$10,361$8,626$7,149$5,900$5,047
18 years$11,570$9,574$7,875$6,443$5,246$4,438
19 years$10,846$8,873$7,209$5,821$4,676$3,912
20 years$10,196$8,245$6,616$5,272$4,177$3,454
21 years$9,608$7,680$6,086$4,785$3,738$3,055
22 years$9,075$7,169$5,609$4,351$3,350$2,706
23 years$8,589$6,705$5,179$3,962$3,007$2,401
24 years$8,143$6,282$4,789$3,614$2,703$2,132
25 years$7,734$5,896$4,436$3,300$2,432$1,895
26 years$7,358$5,541$4,114$3,018$2,191$1,686
27 years$7,009$5,215$3,820$2,762$1,975$1,501
28 years$6,686$4,914$3,551$2,531$1,782$1,338
29 years$6,386$4,636$3,305$2,321$1,610$1,193
30 years$6,107$4,378$3,078$2,130$1,454$1,064
31 years$5,846$4,139$2,870$1,956$1,315$949
32 years$5,601$3,916$2,678$1,798$1,189$848
33 years$5,373$3,708$2,500$1,653$1,076$757
34 years$5,158$3,515$2,336$1,521$975$677
35 years$4,955$3,334$2,184$1,400$883$605
36 years$4,765$3,164$2,043$1,290$800$541
37 years$4,585$3,005$1,912$1,188$725$483
38 years$4,415$2,856$1,791$1,095$657$432
39 years$4,254$2,716$1,678$1,010$596$387
40 years$4,101$2,584$1,573$931$541$346
41 years$3,957$2,460$1,475$859$490$310
42 years$3,819$2,342$1,383$793$445$277
43 years$3,689$2,232$1,298$732$404$248
44 years$3,564$2,127$1,218$676$367$222
45 years$3,446$2,029$1,144$624$333$199
46 years$3,333$1,935$1,074$577$302$178
47 years$3,225$1,847$1,009$533$274$159
48 years$3,122$1,763$949$492$249$143
49 years$3,023$1,684$892$455$226$128
50 years$2,929$1,608$838$421$206$115

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $3,000,000, adding $6,523 every year, while hoping to spend $26,625 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: 39/43/18 Blend
39$3,000,000$3,000,000$3,000,000$3,000,000
40$3,312,728$3,153,728$3,107,228$3,423,884
41$3,622,298$3,279,932$3,182,992$3,630,297
42$3,962,551$3,411,428$3,260,401$3,850,305
43$4,336,590$3,548,446$3,339,483$4,087,637
44$4,747,831$3,691,229$3,420,264$4,343,877
45$5,200,039$3,840,029$3,502,773$4,620,760
46$5,697,363$3,995,110$3,587,035$4,920,195
47$6,244,371$4,156,747$3,673,078$5,244,274
48$6,846,099$4,325,230$3,760,928$5,595,298
49$7,508,095$4,500,860$3,850,613$5,975,790
50$8,236,471$4,683,952$3,942,159$6,388,525
51$9,037,961$4,874,837$4,035,592$6,836,552
52$9,919,987$5,073,857$4,130,937$7,323,220
53$10,890,724$5,281,374$4,228,222$7,852,210
54$11,959,181$5,497,765$4,327,471$8,427,569
55$13,135,286$5,723,424$4,428,710$9,053,746
56$14,429,976$5,958,763$4,531,962$9,735,632
57$15,855,303$6,204,212$4,637,253$10,478,606
58$17,424,548$6,460,222$4,744,605$11,288,583
59$19,152,344$6,727,265$4,854,041$12,172,070
60$21,054,815$7,005,834$4,965,584$13,136,223
61$23,149,731$7,296,444$5,079,255$14,188,915
62$25,456,668$7,599,634$5,195,075$15,338,807
63$27,997,201$7,915,969$5,313,063$16,595,431
64$30,795,103$8,246,039$5,433,238$17,969,272
65$33,876,570$8,590,462$5,555,618$19,471,872
66$37,270,469$8,949,883$5,680,220$21,115,931
67$41,008,607$9,324,977$5,807,058$22,915,427
68$45,126,037$9,716,453$5,936,146$24,885,747
69$49,661,383$10,125,050$6,067,497$27,043,827
70$54,657,207$10,551,541$6,201,122$29,408,310
71$60,160,413$10,996,736$6,337,030$31,999,722
72$66,222,682$11,461,484$6,475,228$34,840,658
73$72,900,970$11,946,670$6,615,721$37,955,997
74$80,258,035$12,453,223$6,758,514$41,373,132
75$88,363,037$12,982,114$6,903,607$45,122,225
76$97,292,188$13,534,359$7,050,999$49,236,487
77$107,129,471$14,111,022$7,200,687$53,752,493
78$117,967,430$14,713,216$7,352,664$58,710,517
79$129,908,051$15,342,106$7,506,921$64,154,915
80$143,063,715$15,998,912$7,663,445$70,134,534
81$157,558,265$16,684,910$7,822,222$76,703,172
82$173,528,175$17,401,437$7,983,233$83,920,083
83$191,123,832$18,149,891$8,146,455$91,850,527
84$210,510,964$18,931,736$8,311,862$100,566,386
85$231,872,197$19,748,506$8,479,424$110,146,835
86$255,408,782$20,601,805$8,649,107$120,679,085
87$281,342,497$21,493,312$8,820,870$132,259,204
88$309,917,734$22,424,787$8,994,672$144,993,010
89$341,403,812$23,398,070$9,170,462$158,997,074
90$376,097,516$24,415,090$9,348,188$174,399,808
91$414,325,898$25,477,866$9,527,788$191,342,672
92$456,449,368$26,588,510$9,709,197$209,981,505
93$502,865,093$27,749,235$9,892,344$230,487,984
94$554,010,744$28,962,360$10,077,150$253,051,246
95$610,368,635$30,230,311$10,263,530$277,879,655
96$672,470,268$31,555,628$10,451,390$305,202,772
97$740,901,354$32,940,973$10,640,630$335,273,505
98$816,307,343$34,389,131$10,831,142$368,370,492
99$899,399,516$35,903,023$11,022,809$404,800,722
100$990,961,698$37,485,702$11,215,505$444,902,424