Can I retire at age 40 with 1,480,000?

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$122,217$121,128$120,066$119,030$118,017$113,380
2 years$60,503$59,377$58,285$57,226$56,199$51,583
3 years$39,935$38,803$37,714$36,665$35,655$31,206
4 years$29,653$28,525$27,446$26,415$25,429$21,182
5 years$23,485$22,364$21,299$20,289$19,331$15,296
6 years$19,375$18,262$17,213$16,226$15,296$11,476
7 years$16,440$15,336$14,304$13,340$12,440$8,833
8 years$14,239$13,146$12,131$11,191$10,320$6,923
9 years$12,529$11,446$10,448$9,532$8,691$5,498
10 years$11,162$10,089$9,109$8,217$7,405$4,411
11 years$10,044$8,982$8,020$7,151$6,369$3,566
12 years$9,112$8,061$7,117$6,272$5,519$2,901
13 years$8,325$7,285$6,359$5,537$4,813$2,371
14 years$7,651$6,622$5,713$4,916$4,219$1,945
15 years$7,067$6,049$5,158$4,384$3,714$1,601
16 years$6,557$5,550$4,677$3,925$3,283$1,320
17 years$6,107$5,111$4,256$3,527$2,911$1,092
18 years$5,708$4,723$3,885$3,178$2,588$904
19 years$5,351$4,377$3,556$2,872$2,307$750
20 years$5,030$4,068$3,264$2,601$2,061$622
21 years$4,740$3,789$3,002$2,361$1,844$517
22 years$4,477$3,537$2,767$2,146$1,653$430
23 years$4,237$3,308$2,555$1,955$1,484$358
24 years$4,017$3,099$2,363$1,783$1,334$298
25 years$3,816$2,909$2,188$1,628$1,200$248
26 years$3,630$2,734$2,030$1,489$1,081$207
27 years$3,458$2,573$1,885$1,363$975$172
28 years$3,299$2,424$1,752$1,248$879$144
29 years$3,151$2,287$1,630$1,145$794$120
30 years$3,013$2,160$1,519$1,051$717$100
31 years$2,884$2,042$1,416$965$649$83
32 years$2,763$1,932$1,321$887$587$69
33 years$2,650$1,829$1,233$816$531$58
34 years$2,544$1,734$1,152$750$481$48
35 years$2,445$1,645$1,077$691$435$40
36 years$2,351$1,561$1,008$636$395$34
37 years$2,262$1,483$943$586$358$28
38 years$2,178$1,409$883$540$324$23
39 years$2,099$1,340$828$498$294$20
40 years$2,023$1,275$776$459$267$16
41 years$1,952$1,213$727$424$242$14
42 years$1,884$1,156$682$391$220$11
43 years$1,820$1,101$640$361$199$10
44 years$1,758$1,050$601$333$181$8
45 years$1,700$1,001$564$308$164$7
46 years$1,644$955$530$284$149$6
47 years$1,591$911$498$263$135$5
48 years$1,540$870$468$243$123$4
49 years$1,492$831$440$224$112$3
50 years$1,445$793$414$207$101$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,480,000, adding $5,357 every year, while hoping to spend $29,975 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: 40/36/24 Blend
39$1,480,000$1,480,000$1,480,000$1,480,000
40$1,636,486$1,558,046$1,535,106$1,690,144
41$1,771,514$1,602,497$1,554,639$1,773,783
42$1,919,311$1,648,121$1,573,821$1,860,986
43$2,081,146$1,694,945$1,592,610$1,954,735
44$2,258,420$1,742,995$1,610,960$2,055,646
45$2,452,674$1,792,296$1,628,821$2,164,394
46$2,665,603$1,842,875$1,646,144$2,281,727
47$2,899,079$1,894,760$1,662,873$2,408,464
48$3,155,159$1,947,977$1,678,954$2,545,510
49$3,436,110$2,002,554$1,694,324$2,693,859
50$3,744,432$2,058,517$1,708,922$2,854,608
51$4,082,874$2,115,894$1,722,681$3,028,962
52$4,454,467$2,174,713$1,735,531$3,218,251
53$4,862,549$2,235,001$1,747,398$3,423,938
54$5,310,799$2,296,785$1,758,205$3,647,636
55$5,803,266$2,360,093$1,767,871$3,891,121
56$6,344,414$2,424,953$1,776,309$4,156,349
57$6,939,159$2,491,391$1,783,431$4,445,475
58$7,592,919$2,559,434$1,789,141$4,760,874
59$8,311,659$2,629,109$1,793,340$5,105,162
60$9,101,956$2,700,443$1,795,924$5,481,220
61$9,971,052$2,773,461$1,796,784$5,892,226
62$10,926,927$2,848,188$1,795,804$6,341,677
63$11,978,375$2,924,651$1,792,865$6,833,430
64$13,135,083$3,002,872$1,787,839$7,371,732
65$14,407,725$3,082,876$1,780,595$7,961,265
66$15,808,061$3,164,686$1,770,994$8,607,187
67$17,349,051$3,248,323$1,758,889$9,315,182
68$19,044,971$3,333,808$1,744,129$10,091,515
69$20,911,554$3,421,160$1,726,554$10,943,087
70$22,966,135$3,510,399$1,705,995$11,877,506
71$25,227,813$3,601,541$1,682,278$12,903,154
72$27,717,635$3,694,602$1,655,220$14,029,269
73$30,458,791$3,789,595$1,624,627$15,266,030
74$33,476,835$3,886,532$1,590,299$16,624,657
75$36,799,923$3,985,423$1,552,026$18,117,512
76$40,459,083$4,086,277$1,509,586$19,758,221
77$44,488,503$4,189,097$1,462,750$21,561,799
78$48,925,854$4,293,888$1,411,277$23,544,793
79$53,812,651$4,400,648$1,354,915$25,725,441
80$59,194,637$4,509,375$1,293,400$28,123,838
81$65,122,217$4,620,062$1,226,456$30,762,135
82$71,650,938$4,732,699$1,153,796$33,664,739
83$78,842,004$4,847,272$1,075,119$36,858,552
84$86,762,864$4,963,764$990,111$40,373,219
85$95,487,839$5,082,151$898,443$44,241,412
86$105,098,829$5,202,407$799,771$48,499,136
87$115,686,083$5,324,499$693,738$53,186,074
88$127,349,054$5,448,389$579,968$58,345,957
89$140,197,332$5,574,035$458,071$64,026,978
90$154,351,683$5,701,385$327,639$70,282,252
91$169,945,185$5,830,384$188,246$77,170,313
92$187,124,488$5,960,967$39,446$84,755,669
93$206,051,194$6,093,062$0$93,109,414
94$226,903,384$6,226,591$0$102,340,458
95$249,877,299$6,361,464$0$112,517,350
96$275,189,191$6,497,583$0$123,725,262
97$303,077,366$6,634,841$0$136,069,199
98$333,804,428$6,773,120$0$149,664,872
99$367,659,766$6,912,289$0$164,639,792
100$404,962,277$7,052,206$0$181,134,476