Can I retire at age 40 with 1,490,000?

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 $1,490,000?

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$123,043$121,947$120,878$119,834$118,815$114,146
2 years$60,912$59,778$58,678$57,612$56,578$51,932
3 years$40,205$39,065$37,969$36,913$35,896$31,417
4 years$29,853$28,717$27,632$26,594$25,601$21,325
5 years$23,644$22,515$21,443$20,426$19,462$15,399
6 years$19,505$18,385$17,329$16,335$15,399$11,553
7 years$16,551$15,440$14,401$13,430$12,524$8,892
8 years$14,336$13,235$12,213$11,266$10,390$6,970
9 years$12,614$11,523$10,519$9,596$8,750$5,535
10 years$11,237$10,157$9,171$8,272$7,455$4,441
11 years$10,111$9,042$8,074$7,199$6,412$3,590
12 years$9,174$8,116$7,165$6,315$5,556$2,920
13 years$8,381$7,334$6,402$5,575$4,845$2,387
14 years$7,703$6,667$5,752$4,949$4,247$1,958
15 years$7,115$6,090$5,193$4,413$3,740$1,611
16 years$6,601$5,588$4,708$3,952$3,305$1,329
17 years$6,148$5,146$4,284$3,551$2,930$1,099
18 years$5,746$4,755$3,911$3,200$2,606$910
19 years$5,387$4,407$3,580$2,891$2,322$755
20 years$5,064$4,095$3,286$2,619$2,074$626
21 years$4,772$3,815$3,022$2,377$1,856$520
22 years$4,507$3,561$2,786$2,161$1,664$433
23 years$4,266$3,330$2,572$1,968$1,494$360
24 years$4,045$3,120$2,379$1,795$1,343$300
25 years$3,841$2,928$2,203$1,639$1,208$250
26 years$3,654$2,752$2,043$1,499$1,088$208
27 years$3,481$2,590$1,897$1,372$981$173
28 years$3,321$2,441$1,764$1,257$885$145
29 years$3,172$2,302$1,641$1,153$799$121
30 years$3,033$2,174$1,529$1,058$722$101
31 years$2,903$2,055$1,425$972$653$84
32 years$2,782$1,945$1,330$893$591$70
33 years$2,668$1,842$1,242$821$535$58
34 years$2,562$1,746$1,160$755$484$49
35 years$2,461$1,656$1,085$695$438$41
36 years$2,366$1,572$1,015$640$397$34
37 years$2,277$1,493$950$590$360$28
38 years$2,193$1,418$889$544$326$24
39 years$2,113$1,349$833$502$296$20
40 years$2,037$1,283$781$463$268$16
41 years$1,965$1,222$732$427$244$14
42 years$1,897$1,163$687$394$221$11
43 years$1,832$1,108$645$364$201$10
44 years$1,770$1,057$605$336$182$8
45 years$1,711$1,008$568$310$165$7
46 years$1,655$961$534$286$150$6
47 years$1,602$917$501$265$136$5
48 years$1,551$876$471$244$124$4
49 years$1,502$836$443$226$112$3
50 years$1,455$799$416$209$102$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,490,000, adding $2,112 every year, while hoping to spend $28,484 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: 45/44/11 Blend
39$1,490,000$1,490,000$1,490,000$1,490,000
40$1,644,159$1,565,189$1,542,094$1,712,925
41$1,781,556$1,611,576$1,563,447$1,807,209
42$1,932,013$1,659,282$1,584,561$1,906,308
43$2,096,832$1,708,340$1,605,398$2,013,125
44$2,277,447$1,758,787$1,625,917$2,128,381
45$2,475,437$1,810,658$1,646,075$2,252,872
46$2,692,542$1,863,990$1,665,828$2,387,472
47$2,930,676$1,918,820$1,685,128$2,533,144
48$3,191,949$1,975,187$1,703,925$2,690,945
49$3,478,687$2,033,130$1,722,165$2,862,040
50$3,793,448$2,092,689$1,739,793$3,047,711
51$4,139,053$2,153,904$1,756,749$3,249,369
52$4,518,608$2,216,817$1,772,972$3,468,565
53$4,935,535$2,281,469$1,788,395$3,707,009
54$5,393,603$2,347,905$1,802,950$3,966,582
55$5,896,965$2,416,167$1,816,563$4,249,355
56$6,450,197$2,486,300$1,829,159$4,557,610
57$7,058,337$2,558,350$1,840,657$4,893,858
58$7,726,941$2,632,362$1,850,972$5,260,864
59$8,462,124$2,708,383$1,860,015$5,661,672
60$9,270,628$2,786,461$1,867,692$6,099,638
61$10,159,878$2,866,643$1,873,906$6,578,456
62$11,138,056$2,948,980$1,878,553$7,102,192
63$12,214,178$3,033,519$1,881,524$7,675,329
64$13,398,175$3,120,313$1,882,706$8,302,803
65$14,700,992$3,209,411$1,881,980$8,990,050
66$16,134,687$3,300,866$1,879,219$9,743,060
67$17,712,545$3,394,729$1,874,294$10,568,430
68$19,449,207$3,491,052$1,867,065$11,473,430
69$21,360,802$3,589,891$1,857,388$12,466,067
70$23,465,106$3,691,297$1,845,112$13,555,163
71$25,781,701$3,795,325$1,830,078$14,750,436
72$28,332,169$3,902,030$1,812,120$16,062,594
73$31,140,288$4,011,467$1,791,063$17,503,436
74$34,232,259$4,123,691$1,766,726$19,085,958
75$37,636,955$4,238,757$1,738,916$20,824,484
76$41,386,189$4,356,721$1,707,435$22,734,793
77$45,515,018$4,477,638$1,672,072$24,834,271
78$50,062,073$4,601,565$1,632,609$27,142,076
79$55,069,919$4,728,557$1,588,816$29,679,317
80$60,585,464$4,858,669$1,540,454$32,469,253
81$66,660,394$4,991,956$1,487,272$35,537,512
82$73,351,666$5,128,474$1,429,008$38,912,336
83$80,722,043$5,268,276$1,365,386$42,624,843
84$88,840,686$5,411,417$1,296,122$46,709,321
85$97,783,808$5,557,949$1,220,914$51,203,557
86$107,635,393$5,707,924$1,139,451$56,149,185
87$118,487,984$5,861,393$1,051,404$61,592,084
88$130,443,563$6,018,407$956,431$67,582,813
89$143,614,511$6,179,013$854,175$74,177,083
90$158,124,665$6,343,258$744,264$81,436,283
91$174,110,491$6,511,188$626,307$89,428,064
92$191,722,370$6,682,846$499,898$98,226,975
93$211,126,018$6,858,272$364,611$107,915,164
94$232,504,050$7,037,504$220,003$118,583,157
95$256,057,700$7,220,580$65,610$130,330,712
96$282,008,728$7,407,530$0$143,267,758
97$310,601,504$7,598,385$0$157,527,074
98$342,105,321$7,793,170$0$173,239,492
99$376,816,936$7,991,907$0$190,544,473
100$415,063,367$8,194,614$0$209,604,194