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%16.5%
1 years$120,565$119,492$118,444$117,421$116,422$113,332
2 years$59,686$58,574$57,497$56,452$55,439$52,347
3 years$39,395$38,279$37,204$36,170$35,173$32,176
4 years$29,252$28,139$27,075$26,058$25,086$22,207
5 years$23,168$22,061$21,011$20,015$19,070$16,317
6 years$19,113$18,015$16,980$16,006$15,089$12,466
7 years$16,217$15,129$14,111$13,160$12,272$9,777
8 years$14,047$12,968$11,967$11,039$10,180$7,814
9 years$12,360$11,291$10,307$9,403$8,573$6,332
10 years$11,011$9,953$8,986$8,106$7,305$5,187
11 years$9,908$8,860$7,911$7,054$6,283$4,284
12 years$8,989$7,952$7,021$6,188$5,444$3,562
13 years$8,213$7,187$6,273$5,463$4,748$2,977
14 years$7,548$6,532$5,636$4,849$4,162$2,499
15 years$6,972$5,968$5,089$4,325$3,664$2,105
16 years$6,468$5,475$4,614$3,872$3,238$1,779
17 years$6,025$5,042$4,198$3,479$2,871$1,506
18 years$5,631$4,659$3,832$3,135$2,553$1,278
19 years$5,279$4,318$3,508$2,833$2,276$1,087
20 years$4,962$4,013$3,220$2,566$2,033$925
21 years$4,676$3,738$2,962$2,329$1,819$789
22 years$4,416$3,489$2,730$2,117$1,631$673
23 years$4,180$3,263$2,520$1,928$1,464$575
24 years$3,963$3,057$2,331$1,759$1,316$491
25 years$3,764$2,869$2,159$1,606$1,184$420
26 years$3,581$2,697$2,002$1,469$1,066$359
27 years$3,411$2,538$1,859$1,344$961$308
28 years$3,254$2,391$1,728$1,232$867$264
29 years$3,108$2,256$1,608$1,129$783$226
30 years$2,972$2,131$1,498$1,037$708$193
31 years$2,845$2,014$1,397$952$640$166
32 years$2,726$1,906$1,303$875$579$142
33 years$2,615$1,805$1,217$805$524$122
34 years$2,510$1,710$1,137$740$474$105
35 years$2,412$1,622$1,063$681$430$90
36 years$2,319$1,540$994$628$389$77
37 years$2,231$1,463$931$578$353$66
38 years$2,149$1,390$872$533$320$57
39 years$2,070$1,322$817$491$290$49
40 years$1,996$1,257$765$453$263$42
41 years$1,926$1,197$718$418$239$36
42 years$1,859$1,140$673$386$217$31
43 years$1,795$1,086$632$356$197$26
44 years$1,735$1,035$593$329$178$23
45 years$1,677$987$557$304$162$19
46 years$1,622$942$523$281$147$17
47 years$1,570$899$491$259$134$14
48 years$1,519$858$462$240$121$12
49 years$1,471$819$434$221$110$11
50 years$1,425$783$408$205$100$9

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 $5,316 every year, while hoping to spend $22,992 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: 52/35/13 Blend
39$1,460,000$1,460,000$1,460,000$1,460,000
40$1,614,403$1,537,023$1,514,393$1,692,493
41$1,754,609$1,587,874$1,540,662$1,797,269
42$1,908,346$1,640,446$1,567,041$1,908,269
43$2,076,968$1,694,799$1,593,508$2,028,467
44$2,261,970$1,750,996$1,620,042$2,158,740
45$2,464,997$1,809,100$1,646,619$2,300,049
46$2,687,859$1,869,179$1,673,213$2,453,454
47$2,932,555$1,931,302$1,699,799$2,620,122
48$3,201,280$1,995,541$1,726,348$2,801,334
49$3,496,459$2,061,971$1,752,828$2,998,502
50$3,820,757$2,130,667$1,779,208$3,213,178
51$4,177,116$2,201,712$1,805,453$3,447,071
52$4,568,773$2,275,186$1,831,526$3,702,064
53$4,999,294$2,351,177$1,857,389$3,980,225
54$5,472,611$2,429,773$1,883,000$4,283,836
55$5,993,053$2,511,068$1,908,316$4,615,404
56$6,565,390$2,595,156$1,933,291$4,977,693
57$7,194,878$2,682,137$1,957,875$5,373,745
58$7,887,309$2,772,115$1,982,017$5,806,909
59$8,649,062$2,865,196$2,005,662$6,280,873
60$9,487,167$2,961,491$2,028,752$6,799,698
61$10,409,370$3,061,116$2,051,227$7,367,858
62$11,424,204$3,164,190$2,073,022$7,990,277
63$12,541,074$3,270,836$2,094,069$8,672,381
64$13,770,340$3,381,183$2,114,297$9,420,145
65$15,123,418$3,495,365$2,133,629$10,240,149
66$16,612,888$3,613,519$2,151,987$11,139,643
67$18,252,611$3,735,790$2,169,287$12,126,610
68$20,057,860$3,862,326$2,185,441$13,209,847
69$22,045,463$3,993,282$2,200,355$14,399,040
70$24,233,966$4,128,818$2,213,932$15,704,863
71$26,643,802$4,269,101$2,226,070$17,139,073
72$29,297,487$4,414,305$2,236,661$18,714,620
73$32,219,833$4,564,608$2,245,591$20,445,775
74$35,438,179$4,720,197$2,252,742$22,348,256
75$38,982,652$4,881,265$2,257,987$24,439,382
76$42,886,449$5,048,014$2,261,197$26,738,232
77$47,186,152$5,220,651$2,262,232$29,265,827
78$51,922,071$5,399,395$2,260,948$32,045,326
79$57,138,626$5,584,469$2,257,194$35,102,247
80$62,884,766$5,776,108$2,250,809$38,464,704
81$69,214,429$5,974,554$2,241,628$42,163,673
82$76,187,053$6,180,059$2,229,475$46,233,282
83$83,868,136$6,392,886$2,214,166$50,711,138
84$92,329,855$6,613,307$2,195,510$55,638,674
85$101,651,746$6,841,604$2,173,305$61,061,544
86$111,921,452$7,078,071$2,147,339$67,030,052
87$123,235,558$7,323,014$2,117,392$73,599,626
88$135,700,493$7,576,750$2,083,233$80,831,341
89$149,433,541$7,839,608$2,044,619$88,792,494
90$164,563,945$8,111,932$2,001,297$97,557,239
91$181,234,129$8,394,078$1,953,001$107,207,284
92$199,601,037$8,686,415$1,899,455$117,832,666
93$219,837,623$8,989,329$1,840,366$129,532,594
94$242,134,475$9,303,221$1,775,433$142,416,392
95$266,701,619$9,628,505$1,704,337$156,604,521
96$293,770,497$9,965,616$1,626,746$172,229,723
97$323,596,159$10,315,002$1,542,313$189,438,270
98$356,459,663$10,677,133$1,450,676$208,391,342
99$392,670,729$11,052,493$1,351,454$229,266,551
100$432,570,668$11,441,590$1,244,252$252,259,613