Can I retire at age 40 with 3,400,000?

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 $3,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$280,769$278,268$275,828$273,446$271,121$263,074
2 years$138,994$136,406$133,897$131,465$129,105$121,065
3 years$91,743$89,143$86,640$84,231$81,910$74,128
4 years$68,121$65,529$63,052$60,683$58,419$50,955
5 years$53,952$51,376$48,931$46,611$44,409$37,283
6 years$44,509$41,952$39,543$37,275$35,139$28,358
7 years$37,767$35,231$32,861$30,646$28,578$22,141
8 years$32,712$30,200$27,869$25,708$23,708$17,612
9 years$28,783$26,294$24,003$21,897$19,965$14,204
10 years$25,642$23,177$20,926$18,876$17,012$11,576
11 years$23,073$20,633$18,423$16,428$14,631$9,512
12 years$20,934$18,519$16,350$14,409$12,679$7,867
13 years$19,126$16,736$14,608$12,721$11,056$6,540
14 years$17,577$15,213$13,125$11,292$9,692$5,460
15 years$16,236$13,897$11,850$10,071$8,533$4,573
16 years$15,063$12,750$10,744$9,017$7,542$3,842
17 years$14,030$11,742$9,777$8,102$6,687$3,235
18 years$13,112$10,851$8,925$7,302$5,946$2,729
19 years$12,293$10,056$8,170$6,598$5,300$2,306
20 years$11,556$9,345$7,498$5,975$4,734$1,952
21 years$10,890$8,704$6,897$5,423$4,236$1,653
22 years$10,285$8,125$6,357$4,931$3,797$1,402
23 years$9,734$7,599$5,869$4,491$3,408$1,190
24 years$9,229$7,120$5,428$4,096$3,064$1,010
25 years$8,766$6,682$5,027$3,740$2,757$859
26 years$8,339$6,280$4,663$3,420$2,483$730
27 years$7,944$5,910$4,330$3,130$2,239$621
28 years$7,578$5,569$4,025$2,868$2,020$528
29 years$7,238$5,254$3,746$2,630$1,824$450
30 years$6,921$4,962$3,489$2,414$1,648$383
31 years$6,625$4,690$3,253$2,217$1,490$326
32 years$6,348$4,438$3,035$2,037$1,348$277
33 years$6,089$4,203$2,834$1,874$1,220$236
34 years$5,845$3,983$2,648$1,724$1,104$201
35 years$5,616$3,778$2,475$1,587$1,000$172
36 years$5,400$3,586$2,316$1,461$906$146
37 years$5,196$3,406$2,167$1,347$821$125
38 years$5,003$3,237$2,030$1,241$745$106
39 years$4,821$3,078$1,901$1,144$675$90
40 years$4,648$2,928$1,782$1,056$613$77
41 years$4,484$2,788$1,671$974$556$66
42 years$4,329$2,655$1,568$899$504$56
43 years$4,181$2,529$1,471$830$458$48
44 years$4,040$2,411$1,381$766$415$41
45 years$3,905$2,299$1,297$707$377$35
46 years$3,777$2,193$1,218$654$342$30
47 years$3,655$2,093$1,144$604$311$25
48 years$3,538$1,998$1,075$558$282$21
49 years$3,426$1,908$1,011$516$256$18
50 years$3,320$1,823$950$477$233$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $3,400,000, adding $6,831 every year, while hoping to spend $54,673 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: 60/28/12 Blend
39$3,400,000$3,400,000$3,400,000$3,400,000
40$3,753,846$3,573,646$3,520,946$3,967,806
41$4,078,567$3,690,583$3,580,726$4,229,420
42$4,434,577$3,811,418$3,640,676$4,507,885
43$4,825,009$3,936,283$3,700,745$4,810,313
44$5,253,316$4,065,317$3,760,876$5,139,021
45$5,723,300$4,198,663$3,821,011$5,496,557
46$6,239,147$4,336,468$3,881,085$5,885,726
47$6,805,471$4,478,886$3,941,032$6,309,614
48$7,427,352$4,626,075$4,000,780$6,771,618
49$8,110,389$4,778,199$4,060,254$7,275,480
50$8,860,748$4,935,430$4,119,371$7,825,316
51$9,685,220$5,097,942$4,178,046$8,425,658
52$10,591,290$5,265,918$4,236,188$9,081,498
53$11,587,202$5,439,548$4,293,700$9,798,329
54$12,682,038$5,619,028$4,350,480$10,582,203
55$13,885,805$5,804,559$4,406,421$11,439,782
56$15,209,527$5,996,353$4,461,406$12,378,404
57$16,665,351$6,194,627$4,515,316$13,406,148
58$18,266,660$6,399,606$4,568,022$14,531,914
59$20,028,197$6,611,525$4,619,389$15,765,503
60$21,966,210$6,830,626$4,669,274$17,117,711
61$24,098,596$7,057,159$4,717,528$18,600,427
62$26,445,078$7,291,386$4,763,990$20,226,749
63$29,027,387$7,533,574$4,808,495$22,011,104
64$31,869,465$7,784,005$4,850,865$23,969,384
65$34,997,697$8,042,967$4,890,915$26,119,095
66$38,441,151$8,310,761$4,928,449$28,479,523
67$42,231,858$8,587,699$4,963,262$31,071,912
68$46,405,113$8,874,102$4,995,137$33,919,668
69$50,999,807$9,170,305$5,023,846$37,048,575
70$56,058,793$9,476,655$5,049,151$40,487,041
71$61,629,291$9,793,513$5,070,799$44,266,362
72$67,763,334$10,121,250$5,088,525$48,421,019
73$74,518,257$10,460,254$5,102,054$52,989,002
74$81,957,238$10,810,925$5,111,091$58,012,167
75$90,149,896$11,173,680$5,115,333$63,536,629
76$99,172,945$11,548,950$5,114,456$69,613,200
77$109,110,919$11,937,183$5,108,125$76,297,864
78$120,056,971$12,338,843$5,095,984$83,652,305
79$132,113,747$12,754,411$5,077,665$91,744,490
80$145,394,360$13,184,388$5,052,777$100,649,307
81$160,023,453$13,629,291$5,020,913$110,449,273
82$176,138,377$14,089,659$4,981,647$121,235,311
83$193,890,489$14,566,049$4,934,529$133,107,605
84$213,446,575$15,059,042$4,879,092$146,176,548
85$234,990,429$15,569,238$4,814,845$160,563,780
86$258,724,583$16,097,261$4,741,272$176,403,335
87$284,872,223$16,643,759$4,657,837$193,842,908
88$313,679,290$17,209,403$4,563,975$213,045,244
89$345,416,806$17,794,893$4,459,097$234,189,674
90$380,383,429$18,400,952$4,342,585$257,473,808
91$418,908,272$19,028,332$4,213,795$283,115,397
92$461,354,010$19,677,814$4,072,052$311,354,387
93$508,120,302$20,350,209$3,916,648$342,455,185
94$559,647,562$21,046,359$3,746,846$376,709,150
95$616,421,122$21,767,139$3,561,873$414,437,344
96$678,975,805$22,513,457$3,360,924$455,993,559
97$747,900,976$23,286,256$3,143,154$501,767,657
98$823,846,108$24,086,515$2,907,683$552,189,249
99$907,526,910$24,915,253$2,653,589$607,731,747
100$999,732,081$25,773,527$2,379,911$668,916,831