Can I retire at age 40 with 1,470,000?

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$121,391$120,310$119,255$118,225$117,220$113,650
2 years$60,095$58,975$57,891$56,839$55,819$52,253
3 years$39,665$38,541$37,459$36,417$35,414$31,963
4 years$29,452$28,332$27,261$26,237$25,257$21,949
5 years$23,326$22,212$21,155$20,152$19,200$16,043
6 years$19,244$18,138$17,097$16,116$15,193$12,189
7 years$16,329$15,232$14,207$13,250$12,356$9,506
8 years$14,143$13,057$12,049$11,115$10,250$7,553
9 years$12,444$11,368$10,378$9,467$8,632$6,084
10 years$11,086$10,021$9,048$8,161$7,355$4,952
11 years$9,976$8,921$7,965$7,103$6,326$4,064
12 years$9,051$8,007$7,069$6,230$5,482$3,356
13 years$8,269$7,236$6,316$5,500$4,780$2,786
14 years$7,599$6,577$5,675$4,882$4,190$2,323
15 years$7,020$6,008$5,124$4,354$3,689$1,943
16 years$6,513$5,513$4,645$3,899$3,261$1,630
17 years$6,066$5,077$4,227$3,503$2,891$1,371
18 years$5,669$4,691$3,859$3,157$2,571$1,155
19 years$5,315$4,348$3,532$2,852$2,291$974
20 years$4,996$4,040$3,242$2,583$2,047$823
21 years$4,708$3,763$2,982$2,345$1,831$696
22 years$4,447$3,513$2,748$2,132$1,642$589
23 years$4,208$3,286$2,538$1,942$1,474$499
24 years$3,990$3,078$2,347$1,771$1,325$423
25 years$3,790$2,889$2,174$1,617$1,192$359
26 years$3,605$2,715$2,016$1,479$1,074$305
27 years$3,435$2,555$1,872$1,353$968$259
28 years$3,276$2,408$1,740$1,240$873$220
29 years$3,129$2,271$1,619$1,137$789$187
30 years$2,992$2,145$1,508$1,044$713$159
31 years$2,864$2,028$1,406$958$644$135
32 years$2,745$1,919$1,312$881$583$115
33 years$2,633$1,817$1,225$810$527$98
34 years$2,527$1,722$1,145$745$478$83
35 years$2,428$1,633$1,070$686$433$71
36 years$2,335$1,550$1,001$632$392$60
37 years$2,247$1,473$937$582$355$51
38 years$2,163$1,399$877$537$322$43
39 years$2,084$1,331$822$495$292$37
40 years$2,010$1,266$771$456$265$31
41 years$1,939$1,205$723$421$240$27
42 years$1,872$1,148$678$389$218$23
43 years$1,808$1,094$636$359$198$19
44 years$1,747$1,042$597$331$180$16
45 years$1,689$994$561$306$163$14
46 years$1,633$948$526$283$148$12
47 years$1,580$905$495$261$134$10
48 years$1,530$864$465$241$122$9
49 years$1,481$825$437$223$111$7
50 years$1,435$788$411$206$101$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,470,000, adding $5,418 every year, while hoping to spend $51,569 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: 72/15/13 Blend
39$1,470,000$1,470,000$1,470,000$1,470,000
40$1,625,529$1,547,619$1,524,834$1,737,670
41$1,736,464$1,568,583$1,521,047$1,833,628
42$1,856,985$1,588,846$1,515,404$1,931,833
43$1,988,018$1,608,319$1,507,790$2,037,992
44$2,130,576$1,626,908$1,498,082$2,152,881
45$2,285,779$1,644,510$1,486,152$2,277,353
46$2,454,856$1,661,019$1,471,865$2,412,350
47$2,639,160$1,676,317$1,455,081$2,558,908
48$2,840,182$1,690,284$1,435,654$2,718,172
49$3,059,560$1,702,788$1,413,428$2,891,399
50$3,299,099$1,713,689$1,388,242$3,079,980
51$3,560,787$1,722,839$1,359,928$3,285,443
52$3,846,810$1,730,081$1,328,308$3,509,478
53$4,159,577$1,735,247$1,293,198$3,753,942
54$4,501,738$1,738,158$1,254,405$4,020,885
55$4,876,212$1,738,625$1,211,725$4,312,568
56$5,286,215$1,736,447$1,164,947$4,631,480
57$5,735,286$1,731,410$1,113,850$4,980,368
58$6,227,324$1,723,288$1,058,202$5,362,257
59$6,766,621$1,711,839$997,762$5,780,484
60$7,357,906$1,696,808$932,276$6,238,727
61$8,006,386$1,677,926$861,481$6,741,040
62$8,717,797$1,654,904$785,101$7,291,891
63$9,498,457$1,627,439$702,846$7,896,208
64$10,355,326$1,595,209$614,417$8,559,420
65$11,296,067$1,557,873$519,498$9,287,514
66$12,329,126$1,515,068$417,761$10,087,090
67$13,463,803$1,466,414$308,863$10,965,421
68$14,710,347$1,411,504$192,446$11,930,528
69$16,080,045$1,349,910$68,136$12,991,247
70$17,585,334$1,281,180$0$14,157,325
71$19,239,913$1,204,833$0$15,448,451
72$21,058,878$1,120,363$0$16,878,183
73$23,058,855$1,027,233$0$18,450,169
74$25,258,168$924,877$0$20,178,857
75$27,677,001$812,696$0$22,080,167
76$30,337,594$690,056$0$24,171,646
77$33,264,450$556,290$0$26,472,631
78$36,484,566$410,690$0$29,004,430
79$40,027,689$252,512$0$31,790,528
80$43,926,594$80,965$0$34,856,806
81$48,217,393$0$0$38,231,786
82$52,939,879$0$0$41,964,196
83$58,137,894$0$0$46,087,236
84$63,859,748$0$0$50,625,870
85$70,158,672$0$0$55,622,334
86$77,093,321$0$0$61,123,165
87$84,728,327$0$0$67,179,642
88$93,134,904$0$0$73,848,270
89$102,391,528$0$0$81,191,312
90$112,584,668$0$0$89,277,375
91$123,809,609$0$0$98,182,060
92$136,171,345$0$0$107,988,673
93$149,785,572$0$0$118,789,009
94$164,779,780$0$0$130,684,222
95$181,294,454$0$0$143,785,778
96$199,484,399$0$0$158,216,502
97$219,520,203$0$0$174,111,745
98$241,589,844$0$0$191,620,653
99$265,900,462$0$0$210,907,579
100$292,680,321$0$0$232,153,633