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%13.7%
1 years$123,043$121,947$120,878$119,834$118,815$116,991
2 years$60,912$59,778$58,678$57,612$56,578$54,745
3 years$40,205$39,065$37,969$36,913$35,896$34,110
4 years$29,853$28,717$27,632$26,594$25,601$23,877
5 years$23,644$22,515$21,443$20,426$19,462$17,804
6 years$19,505$18,385$17,329$16,335$15,399$13,811
7 years$16,551$15,440$14,401$13,430$12,524$11,004
8 years$14,336$13,235$12,213$11,266$10,390$8,939
9 years$12,614$11,523$10,519$9,596$8,750$7,367
10 years$11,237$10,157$9,171$8,272$7,455$6,139
11 years$10,111$9,042$8,074$7,199$6,412$5,161
12 years$9,174$8,116$7,165$6,315$5,556$4,370
13 years$8,381$7,334$6,402$5,575$4,845$3,721
14 years$7,703$6,667$5,752$4,949$4,247$3,184
15 years$7,115$6,090$5,193$4,413$3,740$2,734
16 years$6,601$5,588$4,708$3,952$3,305$2,357
17 years$6,148$5,146$4,284$3,551$2,930$2,037
18 years$5,746$4,755$3,911$3,200$2,606$1,764
19 years$5,387$4,407$3,580$2,891$2,322$1,531
20 years$5,064$4,095$3,286$2,619$2,074$1,331
21 years$4,772$3,815$3,022$2,377$1,856$1,159
22 years$4,507$3,561$2,786$2,161$1,664$1,011
23 years$4,266$3,330$2,572$1,968$1,494$882
24 years$4,045$3,120$2,379$1,795$1,343$771
25 years$3,841$2,928$2,203$1,639$1,208$674
26 years$3,654$2,752$2,043$1,499$1,088$590
27 years$3,481$2,590$1,897$1,372$981$517
28 years$3,321$2,441$1,764$1,257$885$453
29 years$3,172$2,302$1,641$1,153$799$397
30 years$3,033$2,174$1,529$1,058$722$348
31 years$2,903$2,055$1,425$972$653$305
32 years$2,782$1,945$1,330$893$591$268
33 years$2,668$1,842$1,242$821$535$235
34 years$2,562$1,746$1,160$755$484$206
35 years$2,461$1,656$1,085$695$438$181
36 years$2,366$1,572$1,015$640$397$159
37 years$2,277$1,493$950$590$360$140
38 years$2,193$1,418$889$544$326$123
39 years$2,113$1,349$833$502$296$108
40 years$2,037$1,283$781$463$268$95
41 years$1,965$1,222$732$427$244$83
42 years$1,897$1,163$687$394$221$73
43 years$1,832$1,108$645$364$201$64
44 years$1,770$1,057$605$336$182$57
45 years$1,711$1,008$568$310$165$50
46 years$1,655$961$534$286$150$44
47 years$1,602$917$501$265$136$38
48 years$1,551$876$471$244$124$34
49 years$1,502$836$443$226$112$30
50 years$1,455$799$416$209$102$26

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 $2,530 every year, while hoping to spend $24,207 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: 71/5/24 Blend
39$1,490,000$1,490,000$1,490,000$1,490,000
40$1,644,590$1,565,620$1,542,525$1,751,268
41$1,786,582$1,616,579$1,568,443$1,873,819
42$1,942,246$1,669,224$1,594,419$2,004,885
43$2,112,951$1,723,612$1,620,427$2,147,821
44$2,300,204$1,779,801$1,646,444$2,303,804
45$2,505,667$1,837,854$1,672,442$2,474,129
46$2,731,169$1,897,832$1,698,393$2,660,225
47$2,978,724$1,959,802$1,724,265$2,863,664
48$3,250,553$2,023,831$1,750,027$3,086,177
49$3,549,100$2,089,990$1,775,644$3,329,674
50$3,877,059$2,158,351$1,801,079$3,596,257
51$4,237,398$2,228,988$1,826,294$3,888,241
52$4,633,385$2,301,981$1,851,247$4,208,179
53$5,068,621$2,377,409$1,875,895$4,558,881
54$5,547,075$2,455,356$1,900,191$4,943,445
55$6,073,116$2,535,909$1,924,087$5,365,283
56$6,651,561$2,619,155$1,947,532$5,828,155
57$7,287,716$2,705,189$1,970,469$6,336,205
58$7,987,426$2,794,107$1,992,843$6,893,995
59$8,757,132$2,886,006$2,014,591$7,506,557
60$9,603,930$2,980,991$2,035,651$8,179,432
61$10,535,638$3,079,167$2,055,953$8,918,726
62$11,560,873$3,180,646$2,075,427$9,731,167
63$12,689,125$3,285,540$2,093,997$10,624,171
64$13,930,854$3,393,970$2,111,583$11,605,907
65$15,297,583$3,506,057$2,128,104$12,685,378
66$16,802,011$3,621,928$2,143,470$13,872,503
67$18,458,129$3,741,715$2,157,589$15,178,213
68$20,281,354$3,865,555$2,170,364$16,614,556
69$22,288,673$3,993,588$2,181,692$18,194,803
70$24,498,805$4,125,962$2,191,467$19,933,583
71$26,932,377$4,262,828$2,199,574$21,847,013
72$29,612,116$4,404,343$2,205,896$23,952,855
73$32,563,066$4,550,670$2,210,308$26,270,683
74$35,812,824$4,701,978$2,212,679$28,822,064
75$39,391,800$4,858,443$2,212,872$31,630,768
76$43,333,503$5,020,246$2,210,742$34,722,986
77$47,674,857$5,187,575$2,206,139$38,127,582
78$52,456,551$5,360,625$2,198,903$41,876,363
79$57,723,422$5,539,598$2,188,869$46,004,379
80$63,524,878$5,724,705$2,175,863$50,550,255
81$69,915,363$5,916,162$2,159,701$55,556,556
82$76,954,871$6,114,196$2,140,193$61,070,189
83$84,709,516$6,319,040$2,117,138$67,142,844
84$93,252,151$6,530,937$2,090,325$73,831,483
85$102,663,055$6,750,137$2,059,536$81,198,878
86$113,030,696$6,976,903$2,024,540$89,314,204
87$124,452,560$7,211,505$1,985,095$98,253,692
88$137,036,076$7,454,223$1,940,951$108,101,348
89$150,899,625$7,705,350$1,891,842$118,949,745
90$166,173,661$7,965,186$1,837,493$130,900,902
91$183,001,940$8,234,046$1,777,614$144,067,241
92$201,542,879$8,512,255$1,711,905$158,572,653
93$221,971,047$8,800,150$1,640,049$174,553,665
94$244,478,819$9,098,082$1,561,716$192,160,730
95$269,278,185$9,406,415$1,476,560$211,559,648
96$296,602,757$9,725,526$1,384,221$232,933,132
97$326,709,968$10,055,806$1,284,322$256,482,530
98$359,883,506$10,397,663$1,176,469$282,429,731
99$396,435,993$10,751,518$1,060,250$311,019,255
100$436,711,932$11,117,809$935,235$342,520,564