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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.2%
1 years$120,565$119,492$118,444$117,421$116,422$115,834
2 years$59,686$58,574$57,497$56,452$55,439$54,846
3 years$39,395$38,279$37,204$36,170$35,173$34,592
4 years$29,252$28,139$27,075$26,058$25,086$24,523
5 years$23,168$22,061$21,011$20,015$19,070$18,526
6 years$19,113$18,015$16,980$16,006$15,089$14,565
7 years$16,217$15,129$14,111$13,160$12,272$11,767
8 years$14,047$12,968$11,967$11,039$10,180$9,696
9 years$12,360$11,291$10,307$9,403$8,573$8,109
10 years$11,011$9,953$8,986$8,106$7,305$6,861
11 years$9,908$8,860$7,911$7,054$6,283$5,858
12 years$8,989$7,952$7,021$6,188$5,444$5,039
13 years$8,213$7,187$6,273$5,463$4,748$4,360
14 years$7,548$6,532$5,636$4,849$4,162$3,793
15 years$6,972$5,968$5,089$4,325$3,664$3,313
16 years$6,468$5,475$4,614$3,872$3,238$2,905
17 years$6,025$5,042$4,198$3,479$2,871$2,555
18 years$5,631$4,659$3,832$3,135$2,553$2,253
19 years$5,279$4,318$3,508$2,833$2,276$1,991
20 years$4,962$4,013$3,220$2,566$2,033$1,763
21 years$4,676$3,738$2,962$2,329$1,819$1,564
22 years$4,416$3,489$2,730$2,117$1,631$1,390
23 years$4,180$3,263$2,520$1,928$1,464$1,236
24 years$3,963$3,057$2,331$1,759$1,316$1,101
25 years$3,764$2,869$2,159$1,606$1,184$982
26 years$3,581$2,697$2,002$1,469$1,066$876
27 years$3,411$2,538$1,859$1,344$961$783
28 years$3,254$2,391$1,728$1,232$867$700
29 years$3,108$2,256$1,608$1,129$783$626
30 years$2,972$2,131$1,498$1,037$708$560
31 years$2,845$2,014$1,397$952$640$502
32 years$2,726$1,906$1,303$875$579$449
33 years$2,615$1,805$1,217$805$524$403
34 years$2,510$1,710$1,137$740$474$361
35 years$2,412$1,622$1,063$681$430$324
36 years$2,319$1,540$994$628$389$290
37 years$2,231$1,463$931$578$353$261
38 years$2,149$1,390$872$533$320$234
39 years$2,070$1,322$817$491$290$210
40 years$1,996$1,257$765$453$263$188
41 years$1,926$1,197$718$418$239$169
42 years$1,859$1,140$673$386$217$152
43 years$1,795$1,086$632$356$197$136
44 years$1,735$1,035$593$329$178$123
45 years$1,677$987$557$304$162$110
46 years$1,622$942$523$281$147$99
47 years$1,570$899$491$259$134$89
48 years$1,519$858$462$240$121$80
49 years$1,471$819$434$221$110$72
50 years$1,425$783$408$205$100$65

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 $6,899 every year, while hoping to spend $38,920 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: 53/33/14 Blend
39$1,460,000$1,460,000$1,460,000$1,460,000
40$1,616,036$1,538,656$1,516,026$1,695,320
41$1,739,461$1,572,640$1,525,403$1,784,164
42$1,874,172$1,606,984$1,533,789$1,876,042
43$2,021,276$1,641,666$1,541,110$1,975,126
44$2,181,998$1,676,659$1,547,289$2,082,109
45$2,357,682$1,711,935$1,552,243$2,197,755
46$2,549,809$1,747,463$1,555,886$2,322,905
47$2,760,009$1,783,209$1,558,128$2,458,487
48$2,990,079$1,819,135$1,558,874$2,605,524
49$3,241,995$1,855,201$1,558,025$2,765,141
50$3,517,935$1,891,362$1,555,475$2,938,581
51$3,820,296$1,927,570$1,551,115$3,127,211
52$4,151,719$1,963,774$1,544,831$3,332,538
53$4,515,113$1,999,918$1,536,501$3,556,226
54$4,913,680$2,035,939$1,525,999$3,800,105
55$5,350,949$2,071,774$1,513,194$4,066,195
56$5,830,806$2,107,351$1,497,946$4,356,720
57$6,357,531$2,142,594$1,480,109$4,674,134
58$6,935,839$2,177,421$1,459,533$5,021,140
59$7,570,925$2,211,745$1,436,058$5,400,719
60$8,268,510$2,245,471$1,409,516$5,816,156
61$9,034,897$2,278,498$1,379,734$6,271,072
62$9,877,030$2,310,718$1,346,529$6,769,459
63$10,802,558$2,342,015$1,309,709$7,315,717
64$11,819,910$2,372,264$1,269,075$7,914,697
65$12,938,370$2,401,334$1,224,418$8,571,746
66$14,168,167$2,429,083$1,175,519$9,292,757
67$15,520,570$2,455,358$1,122,150$10,084,228
68$17,007,997$2,480,000$1,064,071$10,953,320
69$18,644,128$2,502,835$1,001,032$11,907,929
70$20,444,036$2,523,681$932,774$12,956,755
71$22,424,328$2,542,341$859,022$14,109,394
72$24,603,302$2,558,609$779,492$15,376,417
73$27,001,120$2,572,262$693,886$16,769,482
74$29,639,996$2,583,064$601,893$18,301,437
75$32,544,408$2,590,766$503,188$19,986,444
76$35,741,325$2,595,101$397,433$21,840,115
77$39,260,465$2,595,787$284,272$23,879,658
78$43,134,574$2,592,522$163,336$26,124,040
79$47,399,733$2,584,987$34,240$28,594,169
80$52,095,698$2,572,844$0$31,313,091
81$57,266,280$2,555,734$0$34,321,673
82$62,959,751$2,533,276$0$37,638,912
83$69,229,304$2,505,065$0$41,290,617
84$76,133,552$2,470,672$0$45,310,871
85$83,737,084$2,429,645$0$49,737,242
86$92,111,070$2,381,501$0$54,611,131
87$101,333,937$2,325,731$0$59,978,165
88$111,492,103$2,261,797$0$65,888,632
89$122,680,798$2,189,125$0$72,397,954
90$135,004,960$2,107,113$0$79,567,210
91$148,580,224$2,015,120$0$87,463,717
92$163,534,014$1,912,469$0$96,161,665
93$180,006,748$1,798,444$0$105,742,815
94$198,153,157$1,672,288$0$116,297,278
95$218,143,750$1,533,201$0$127,924,365
96$240,166,420$1,380,336$0$140,733,523
97$264,428,222$1,212,799$0$154,845,374
98$291,157,319$1,029,645$0$170,392,851
99$320,605,143$829,874$0$187,522,459
100$353,048,763$612,434$0$206,395,658