Can I retire at age 40 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$120,565$119,492$118,444$117,421$116,422$111,936
2 years$59,686$58,574$57,497$56,452$55,439$50,973
3 years$39,395$38,279$37,204$36,170$35,173$30,867
4 years$29,252$28,139$27,075$26,058$25,086$20,973
5 years$23,168$22,061$21,011$20,015$19,070$15,161
6 years$19,113$18,015$16,980$16,006$15,089$11,387
7 years$16,217$15,129$14,111$13,160$12,272$8,774
8 years$14,047$12,968$11,967$11,039$10,180$6,885
9 years$12,360$11,291$10,307$9,403$8,573$5,475
10 years$11,011$9,953$8,986$8,106$7,305$4,398
11 years$9,908$8,860$7,911$7,054$6,283$3,560
12 years$8,989$7,952$7,021$6,188$5,444$2,900
13 years$8,213$7,187$6,273$5,463$4,748$2,373
14 years$7,548$6,532$5,636$4,849$4,162$1,950
15 years$6,972$5,968$5,089$4,325$3,664$1,607
16 years$6,468$5,475$4,614$3,872$3,238$1,328
17 years$6,025$5,042$4,198$3,479$2,871$1,099
18 years$5,631$4,659$3,832$3,135$2,553$911
19 years$5,279$4,318$3,508$2,833$2,276$757
20 years$4,962$4,013$3,220$2,566$2,033$629
21 years$4,676$3,738$2,962$2,329$1,819$524
22 years$4,416$3,489$2,730$2,117$1,631$436
23 years$4,180$3,263$2,520$1,928$1,464$364
24 years$3,963$3,057$2,331$1,759$1,316$303
25 years$3,764$2,869$2,159$1,606$1,184$253
26 years$3,581$2,697$2,002$1,469$1,066$211
27 years$3,411$2,538$1,859$1,344$961$176
28 years$3,254$2,391$1,728$1,232$867$147
29 years$3,108$2,256$1,608$1,129$783$123
30 years$2,972$2,131$1,498$1,037$708$103
31 years$2,845$2,014$1,397$952$640$86
32 years$2,726$1,906$1,303$875$579$72
33 years$2,615$1,805$1,217$805$524$60
34 years$2,510$1,710$1,137$740$474$50
35 years$2,412$1,622$1,063$681$430$42
36 years$2,319$1,540$994$628$389$35
37 years$2,231$1,463$931$578$353$29
38 years$2,149$1,390$872$533$320$24
39 years$2,070$1,322$817$491$290$20
40 years$1,996$1,257$765$453$263$17
41 years$1,926$1,197$718$418$239$14
42 years$1,859$1,140$673$386$217$12
43 years$1,795$1,086$632$356$197$10
44 years$1,735$1,035$593$329$178$8
45 years$1,677$987$557$304$162$7
46 years$1,622$942$523$281$147$6
47 years$1,570$899$491$259$134$5
48 years$1,519$858$462$240$121$4
49 years$1,471$819$434$221$110$3
50 years$1,425$783$408$205$100$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,460,000, adding $6,931 every year, while hoping to spend $59,162 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: 82/12/6 Blend
39$1,460,000$1,460,000$1,460,000$1,460,000
40$1,616,069$1,538,689$1,516,059$1,747,392
41$1,717,960$1,551,137$1,503,899$1,846,693
42$1,828,262$1,562,212$1,489,349$1,947,039
43$1,947,768$1,571,784$1,472,266$2,055,363
44$2,077,355$1,579,716$1,452,501$2,172,429
45$2,217,983$1,585,860$1,429,898$2,299,077
46$2,370,710$1,590,060$1,404,293$2,436,234
47$2,536,701$1,592,151$1,375,515$2,584,920
48$2,717,233$1,591,956$1,343,384$2,746,258
49$2,913,717$1,589,287$1,307,713$2,921,486
50$3,127,701$1,583,947$1,268,306$3,111,967
51$3,360,889$1,575,724$1,224,957$3,319,202
52$3,615,159$1,564,393$1,177,452$3,544,846
53$3,892,576$1,549,719$1,125,567$3,790,722
54$4,195,412$1,531,449$1,069,067$4,058,836
55$4,526,170$1,509,315$1,007,707$4,351,403
56$4,887,604$1,483,037$941,230$4,670,859
57$5,282,747$1,452,313$869,369$5,019,892
58$5,714,938$1,416,827$791,843$5,401,461
59$6,187,853$1,376,243$708,361$5,818,827
60$6,705,540$1,330,205$618,617$6,275,587
61$7,272,456$1,278,336$522,292$6,775,700
62$7,893,511$1,220,239$419,053$7,323,533
63$8,574,111$1,155,492$308,553$7,923,895
64$9,320,208$1,083,649$190,428$8,582,089
65$10,138,361$1,004,240$64,299$9,303,958
66$11,035,792$916,765$0$10,095,941
67$12,020,455$820,699$0$10,969,635
68$13,101,112$715,485$0$11,933,048
69$14,287,416$600,534$0$12,990,704
70$15,589,997$475,225$0$14,152,134
71$17,020,568$338,901$0$15,427,838
72$18,592,029$190,870$0$16,829,388
73$20,318,592$30,400$0$18,369,533
74$22,215,916$0$0$20,062,325
75$24,301,249$0$0$21,942,170
76$26,593,595$0$0$24,013,076
77$29,113,888$0$0$26,289,948
78$31,885,195$0$0$28,793,629
79$34,932,929$0$0$31,547,081
80$38,285,089$0$0$34,575,606
81$41,972,522$0$0$37,907,077
82$46,029,217$0$0$41,572,209
83$50,492,624$0$0$45,604,840
84$55,404,003$0$0$50,042,256
85$60,808,819$0$0$54,925,539
86$66,757,164$0$0$60,299,954
87$73,304,236$0$0$66,215,378
88$80,510,850$0$0$72,726,767
89$88,444,021$0$0$79,894,676
90$97,177,588$0$0$87,785,831
91$106,792,917$0$0$96,473,753
92$117,379,660$0$0$106,039,456
93$129,036,607$0$0$116,572,211
94$141,872,616$0$0$128,170,384
95$156,007,638$0$0$140,942,367
96$171,573,849$0$0$155,007,598
97$188,716,896$0$0$170,497,689
98$207,597,273$0$0$187,557,668
99$228,391,834$0$0$206,347,345
100$251,295,458$0$0$227,042,821