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%13.3%
1 years$121,391$120,310$119,255$118,225$117,220$115,611
2 years$60,095$58,975$57,891$56,839$55,819$54,201
3 years$39,665$38,541$37,459$36,417$35,414$33,837
4 years$29,452$28,332$27,261$26,237$25,257$23,734
5 years$23,326$22,212$21,155$20,152$19,200$17,735
6 years$19,244$18,138$17,097$16,116$15,193$13,786
7 years$16,329$15,232$14,207$13,250$12,356$11,009
8 years$14,143$13,057$12,049$11,115$10,250$8,964
9 years$12,444$11,368$10,378$9,467$8,632$7,405
10 years$11,086$10,021$9,048$8,161$7,355$6,186
11 years$9,976$8,921$7,965$7,103$6,326$5,213
12 years$9,051$8,007$7,069$6,230$5,482$4,425
13 years$8,269$7,236$6,316$5,500$4,780$3,778
14 years$7,599$6,577$5,675$4,882$4,190$3,241
15 years$7,020$6,008$5,124$4,354$3,689$2,792
16 years$6,513$5,513$4,645$3,899$3,261$2,413
17 years$6,066$5,077$4,227$3,503$2,891$2,091
18 years$5,669$4,691$3,859$3,157$2,571$1,816
19 years$5,315$4,348$3,532$2,852$2,291$1,581
20 years$4,996$4,040$3,242$2,583$2,047$1,379
21 years$4,708$3,763$2,982$2,345$1,831$1,204
22 years$4,447$3,513$2,748$2,132$1,642$1,053
23 years$4,208$3,286$2,538$1,942$1,474$922
24 years$3,990$3,078$2,347$1,771$1,325$808
25 years$3,790$2,889$2,174$1,617$1,192$709
26 years$3,605$2,715$2,016$1,479$1,074$622
27 years$3,435$2,555$1,872$1,353$968$547
28 years$3,276$2,408$1,740$1,240$873$481
29 years$3,129$2,271$1,619$1,137$789$423
30 years$2,992$2,145$1,508$1,044$713$372
31 years$2,864$2,028$1,406$958$644$327
32 years$2,745$1,919$1,312$881$583$288
33 years$2,633$1,817$1,225$810$527$254
34 years$2,527$1,722$1,145$745$478$224
35 years$2,428$1,633$1,070$686$433$197
36 years$2,335$1,550$1,001$632$392$174
37 years$2,247$1,473$937$582$355$153
38 years$2,163$1,399$877$537$322$135
39 years$2,084$1,331$822$495$292$119
40 years$2,010$1,266$771$456$265$105
41 years$1,939$1,205$723$421$240$92
42 years$1,872$1,148$678$389$218$82
43 years$1,808$1,094$636$359$198$72
44 years$1,747$1,042$597$331$180$63
45 years$1,689$994$561$306$163$56
46 years$1,633$948$526$283$148$49
47 years$1,580$905$495$261$134$44
48 years$1,530$864$465$241$122$38
49 years$1,481$825$437$223$111$34
50 years$1,435$788$411$206$101$30

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 $5,995 every year, while hoping to spend $53,048 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: 70/19/11 Blend
39$1,470,000$1,470,000$1,470,000$1,470,000
40$1,626,124$1,548,214$1,525,429$1,735,863
41$1,735,546$1,567,634$1,520,088$1,828,820
42$1,854,351$1,586,227$1,512,790$1,923,492
43$1,983,440$1,603,898$1,503,414$2,025,683
44$2,123,805$1,620,542$1,491,832$2,136,120
45$2,276,535$1,636,051$1,477,911$2,255,610
46$2,442,831$1,650,308$1,461,511$2,385,037
47$2,624,014$1,663,186$1,442,485$2,525,380
48$2,821,535$1,674,554$1,420,680$2,677,716
49$3,036,994$1,684,270$1,395,936$2,843,231
50$3,272,152$1,692,184$1,368,084$3,023,235
51$3,528,946$1,698,134$1,336,949$3,219,170
52$3,809,507$1,701,952$1,302,346$3,432,627
53$4,116,186$1,703,457$1,264,083$3,665,360
54$4,451,566$1,702,455$1,221,959$3,919,301
55$4,818,494$1,698,744$1,175,762$4,196,583
56$5,220,104$1,692,106$1,125,274$4,499,553
57$5,659,847$1,682,311$1,070,263$4,830,804
58$6,141,523$1,669,117$1,010,489$5,193,190
59$6,669,318$1,652,263$945,700$5,589,861
60$7,247,841$1,631,477$875,634$6,024,288
61$7,882,169$1,606,467$800,015$6,500,297
62$8,577,892$1,576,925$718,558$7,022,108
63$9,341,168$1,542,526$630,961$7,594,373
64$10,178,781$1,502,924$536,912$8,222,220
65$11,098,203$1,457,753$436,084$8,911,302
66$12,107,662$1,406,626$328,136$9,667,853
67$13,216,226$1,349,133$212,711$10,498,744
68$14,433,882$1,284,840$89,437$11,411,550
69$15,771,630$1,213,290$0$12,414,625
70$17,241,592$1,133,997$0$13,522,117
71$18,857,120$1,046,448$0$14,750,758
72$20,632,923$950,101$0$16,101,278
73$22,585,208$844,383$0$17,586,063
74$24,731,830$728,689$0$19,218,768
75$27,092,459$602,377$0$21,014,437
76$29,688,769$464,773$0$22,989,655
77$32,544,638$315,161$0$25,162,700
78$35,686,376$152,789$0$27,553,715
79$39,142,970$0$0$30,184,903
80$42,946,359$0$0$33,085,572
81$47,131,734$0$0$36,312,807
82$51,737,870$0$0$39,864,575
83$56,807,490$0$0$43,773,831
84$62,387,672$0$0$48,076,888
85$68,530,285$0$0$52,813,757
86$75,292,485$0$0$58,028,528
87$82,737,251$0$0$63,769,779
88$90,933,979$0$0$70,091,042
89$99,959,135$0$0$77,051,302
90$109,896,979$0$0$84,715,553
91$120,840,356$0$0$93,155,416
92$132,891,574$0$0$102,449,810
93$146,163,371$0$0$112,685,697
94$160,779,971$0$0$123,958,904
95$176,878,265$0$0$136,375,025
96$194,609,095$0$0$150,050,418
97$214,138,682$0$0$165,113,303
98$235,650,188$0$0$181,704,971
99$259,345,454$0$0$199,981,118
100$285,446,893$0$0$220,113,312