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

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$122,217$121,128$120,066$119,030$118,017$116,158
2 years$60,503$59,377$58,285$57,226$56,199$54,330
3 years$39,935$38,803$37,714$36,665$35,655$33,835
4 years$29,653$28,525$27,446$26,415$25,429$23,673
5 years$23,485$22,364$21,299$20,289$19,331$17,643
6 years$19,375$18,262$17,213$16,226$15,296$13,678
7 years$16,440$15,336$14,304$13,340$12,440$10,892
8 years$14,239$13,146$12,131$11,191$10,320$8,843
9 years$12,529$11,446$10,448$9,532$8,691$7,283
10 years$11,162$10,089$9,109$8,217$7,405$6,066
11 years$10,044$8,982$8,020$7,151$6,369$5,096
12 years$9,112$8,061$7,117$6,272$5,519$4,312
13 years$8,325$7,285$6,359$5,537$4,813$3,669
14 years$7,651$6,622$5,713$4,916$4,219$3,137
15 years$7,067$6,049$5,158$4,384$3,714$2,693
16 years$6,557$5,550$4,677$3,925$3,283$2,319
17 years$6,107$5,111$4,256$3,527$2,911$2,003
18 years$5,708$4,723$3,885$3,178$2,588$1,734
19 years$5,351$4,377$3,556$2,872$2,307$1,504
20 years$5,030$4,068$3,264$2,601$2,061$1,307
21 years$4,740$3,789$3,002$2,361$1,844$1,137
22 years$4,477$3,537$2,767$2,146$1,653$990
23 years$4,237$3,308$2,555$1,955$1,484$864
24 years$4,017$3,099$2,363$1,783$1,334$754
25 years$3,816$2,909$2,188$1,628$1,200$659
26 years$3,630$2,734$2,030$1,489$1,081$576
27 years$3,458$2,573$1,885$1,363$975$504
28 years$3,299$2,424$1,752$1,248$879$441
29 years$3,151$2,287$1,630$1,145$794$386
30 years$3,013$2,160$1,519$1,051$717$339
31 years$2,884$2,042$1,416$965$649$297
32 years$2,763$1,932$1,321$887$587$260
33 years$2,650$1,829$1,233$816$531$228
34 years$2,544$1,734$1,152$750$481$200
35 years$2,445$1,645$1,077$691$435$176
36 years$2,351$1,561$1,008$636$395$154
37 years$2,262$1,483$943$586$358$135
38 years$2,178$1,409$883$540$324$119
39 years$2,099$1,340$828$498$294$104
40 years$2,023$1,275$776$459$267$92
41 years$1,952$1,213$727$424$242$80
42 years$1,884$1,156$682$391$220$71
43 years$1,820$1,101$640$361$199$62
44 years$1,758$1,050$601$333$181$54
45 years$1,700$1,001$564$308$164$48
46 years$1,644$955$530$284$149$42
47 years$1,591$911$498$263$135$37
48 years$1,540$870$468$243$123$32
49 years$1,492$831$440$224$112$28
50 years$1,445$793$414$207$101$25

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 $2,996 every year, while hoping to spend $59,467 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: 63/32/5 Blend
39$1,480,000$1,480,000$1,480,000$1,480,000
40$1,634,050$1,555,610$1,532,670$1,735,592
41$1,737,451$1,568,563$1,520,742$1,816,526
42$1,849,406$1,580,157$1,506,422$1,897,566
43$1,970,724$1,590,263$1,489,566$1,984,482
44$2,102,295$1,598,744$1,470,024$2,077,837
45$2,245,100$1,605,453$1,447,640$2,178,255
46$2,400,215$1,610,235$1,422,251$2,286,422
47$2,568,823$1,612,923$1,393,683$2,403,096
48$2,752,229$1,613,342$1,361,757$2,529,114
49$2,951,867$1,611,306$1,326,286$2,665,400
50$3,169,312$1,606,615$1,287,072$2,812,972
51$3,406,303$1,599,060$1,243,910$2,972,953
52$3,664,749$1,588,417$1,196,583$3,146,585
53$3,946,753$1,574,449$1,144,868$3,335,237
54$4,254,629$1,556,905$1,088,529$3,540,419
55$4,590,926$1,535,518$1,027,320$3,763,798
56$4,958,449$1,510,006$960,983$4,007,213
57$5,360,285$1,480,071$889,251$4,272,696
58$5,799,835$1,445,396$811,841$4,562,485
59$6,280,842$1,405,644$728,462$4,879,052
60$6,807,429$1,360,461$638,807$5,225,125
61$7,384,135$1,309,472$542,555$5,603,712
62$8,015,959$1,252,278$439,372$6,018,133
63$8,708,406$1,188,459$328,910$6,472,053
64$9,467,539$1,117,570$210,805$6,969,511
65$10,300,037$1,039,139$84,676$7,514,968
66$11,213,254$952,670$0$8,113,341
67$12,215,291$857,636$0$8,772,722
68$13,315,072$753,482$0$9,501,427
69$14,522,426$639,619$0$10,301,561
70$15,848,181$515,428$0$11,180,433
71$17,304,263$380,252$0$12,146,104
72$18,903,812$233,398$0$13,207,462
73$20,661,302$74,136$0$14,374,312
74$22,592,679$0$0$15,657,466
75$24,715,511$0$0$17,103,461
76$27,049,150$0$0$18,721,864
77$29,614,919$0$0$20,501,371
78$32,436,309$0$0$22,458,288
79$35,539,202$0$0$24,610,583
80$38,952,113$0$0$26,978,050
81$42,706,461$0$0$29,582,501
82$46,836,860$0$0$32,447,966
83$51,381,453$0$0$35,600,921
84$56,382,261$0$0$39,070,541
85$61,885,589$0$0$42,888,969
86$67,942,455$0$0$47,091,623
87$74,609,074$0$0$51,717,530
88$81,947,388$0$0$56,809,690
89$90,025,647$0$0$62,415,485
90$98,919,058$0$0$68,587,123
91$108,710,486$0$0$75,382,135
92$119,491,243$0$0$82,863,910
93$131,361,944$0$0$91,102,300
94$144,433,459$0$0$100,174,272
95$158,827,954$0$0$110,164,642
96$174,680,050$0$0$121,166,866
97$192,138,087$0$0$133,283,927
98$211,365,525$0$0$146,629,308
99$232,542,486$0$0$161,328,055
100$255,867,454$0$0$177,517,965