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

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$121,391$120,310$119,255$118,225$117,220$116,384
2 years$60,095$58,975$57,891$56,839$55,819$54,976
3 years$39,665$38,541$37,459$36,417$35,414$34,590
4 years$29,452$28,332$27,261$26,237$25,257$24,459
5 years$23,326$22,212$21,155$20,152$19,200$18,429
6 years$19,244$18,138$17,097$16,116$15,193$14,450
7 years$16,329$15,232$14,207$13,250$12,356$11,643
8 years$14,143$13,057$12,049$11,115$10,250$9,566
9 years$12,444$11,368$10,378$9,467$8,632$7,977
10 years$11,086$10,021$9,048$8,161$7,355$6,729
11 years$9,976$8,921$7,965$7,103$6,326$5,728
12 years$9,051$8,007$7,069$6,230$5,482$4,911
13 years$8,269$7,236$6,316$5,500$4,780$4,237
14 years$7,599$6,577$5,675$4,882$4,190$3,673
15 years$7,020$6,008$5,124$4,354$3,689$3,198
16 years$6,513$5,513$4,645$3,899$3,261$2,794
17 years$6,066$5,077$4,227$3,503$2,891$2,449
18 years$5,669$4,691$3,859$3,157$2,571$2,152
19 years$5,315$4,348$3,532$2,852$2,291$1,895
20 years$4,996$4,040$3,242$2,583$2,047$1,672
21 years$4,708$3,763$2,982$2,345$1,831$1,478
22 years$4,447$3,513$2,748$2,132$1,642$1,308
23 years$4,208$3,286$2,538$1,942$1,474$1,160
24 years$3,990$3,078$2,347$1,771$1,325$1,029
25 years$3,790$2,889$2,174$1,617$1,192$914
26 years$3,605$2,715$2,016$1,479$1,074$813
27 years$3,435$2,555$1,872$1,353$968$723
28 years$3,276$2,408$1,740$1,240$873$644
29 years$3,129$2,271$1,619$1,137$789$573
30 years$2,992$2,145$1,508$1,044$713$511
31 years$2,864$2,028$1,406$958$644$456
32 years$2,745$1,919$1,312$881$583$407
33 years$2,633$1,817$1,225$810$527$363
34 years$2,527$1,722$1,145$745$478$324
35 years$2,428$1,633$1,070$686$433$289
36 years$2,335$1,550$1,001$632$392$258
37 years$2,247$1,473$937$582$355$231
38 years$2,163$1,399$877$537$322$206
39 years$2,084$1,331$822$495$292$184
40 years$2,010$1,266$771$456$265$165
41 years$1,939$1,205$723$421$240$147
42 years$1,872$1,148$678$389$218$132
43 years$1,808$1,094$636$359$198$118
44 years$1,747$1,042$597$331$180$105
45 years$1,689$994$561$306$163$94
46 years$1,633$948$526$283$148$84
47 years$1,580$905$495$261$134$76
48 years$1,530$864$465$241$122$68
49 years$1,481$825$437$223$111$60
50 years$1,435$788$411$206$101$54

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 $5,059 every year, while hoping to spend $22,045 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: 37/34/29 Blend
39$1,470,000$1,470,000$1,470,000$1,470,000
40$1,625,158$1,547,248$1,524,463$1,671,054
41$1,767,469$1,599,608$1,552,077$1,757,869
42$1,923,556$1,653,794$1,579,877$1,849,217
43$2,094,802$1,709,873$1,607,846$1,947,474
44$2,282,729$1,767,914$1,635,966$2,053,278
45$2,489,014$1,827,988$1,664,218$2,167,334
46$2,715,503$1,890,170$1,692,579$2,290,414
47$2,964,231$1,954,535$1,721,027$2,423,369
48$3,237,440$2,021,164$1,749,539$2,567,134
49$3,537,598$2,090,140$1,778,087$2,722,736
50$3,867,425$2,161,549$1,806,645$2,891,309
51$4,229,918$2,235,481$1,835,183$3,074,096
52$4,628,377$2,312,027$1,863,670$3,272,467
53$5,066,440$2,391,285$1,892,071$3,487,930
54$5,548,114$2,473,355$1,920,352$3,722,144
55$6,077,812$2,558,340$1,948,475$3,976,934
56$6,660,400$2,646,349$1,976,399$4,254,309
57$7,301,234$2,737,494$2,004,083$4,556,483
58$8,006,220$2,831,891$2,031,479$4,885,891
59$8,781,863$2,929,662$2,058,542$5,245,214
60$9,635,330$3,030,933$2,085,221$5,637,405
61$10,574,519$3,135,834$2,111,461$6,065,714
62$11,608,132$3,244,501$2,137,206$6,533,721
63$12,745,755$3,357,076$2,162,397$7,045,367
64$13,997,955$3,473,705$2,186,970$7,604,994
65$15,376,371$3,594,541$2,210,858$8,217,384
66$16,893,830$3,719,743$2,233,991$8,887,800
67$18,564,466$3,849,476$2,256,295$9,622,043
68$20,403,852$3,983,910$2,277,691$10,426,500
69$22,429,148$4,123,225$2,298,097$11,308,208
70$24,659,263$4,267,605$2,317,425$12,274,916
71$27,115,034$4,417,244$2,335,585$13,335,161
72$29,819,420$4,572,342$2,352,480$14,498,349
73$32,797,722$4,733,107$2,368,009$15,774,838
74$36,077,816$4,899,756$2,382,064$17,176,041
75$39,690,425$5,072,515$2,394,534$18,714,532
76$43,669,398$5,251,619$2,405,301$20,404,160
77$48,052,039$5,437,310$2,414,241$22,260,187
78$52,879,453$5,629,845$2,421,224$24,299,423
79$58,196,935$5,829,485$2,426,113$26,540,392
80$64,054,400$6,036,507$2,428,765$29,003,500
81$70,506,849$6,251,196$2,429,029$31,711,230
82$77,614,893$6,473,851$2,426,748$34,688,356
83$85,445,323$6,704,780$2,421,754$37,962,172
84$94,071,739$6,944,307$2,413,876$41,562,749
85$103,575,246$7,192,767$2,402,930$45,523,224
86$114,045,218$7,450,510$2,388,725$49,880,104
87$125,580,143$7,717,899$2,371,061$54,673,619
88$138,288,555$7,995,313$2,349,728$59,948,093
89$152,290,050$8,283,145$2,324,507$65,752,365
90$167,716,424$8,581,808$2,295,166$72,140,252
91$184,712,910$8,891,728$2,261,466$79,171,051
92$203,439,555$9,213,351$2,223,153$86,910,104
93$224,072,724$9,547,140$2,179,963$95,429,407
94$246,806,770$9,893,578$2,131,620$104,808,296
95$271,855,866$10,253,168$2,077,834$115,134,191
96$299,456,026$10,626,434$2,018,303$126,503,419
97$329,867,334$11,013,923$1,952,710$139,022,129
98$363,376,399$11,416,203$1,880,723$152,807,286
99$400,299,061$11,833,866$1,801,996$167,987,778
100$440,983,370$12,267,530$1,716,168$184,705,631