Can I retire at age 40 with 1,500,000?

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$123,869$122,765$121,689$120,638$119,612$118,363
2 years$61,321$60,179$59,072$57,999$56,958$55,700
3 years$40,475$39,328$38,224$37,161$36,137$34,909
4 years$30,053$28,910$27,817$26,772$25,773$24,585
5 years$23,802$22,666$21,587$20,564$19,592$18,447
6 years$19,636$18,508$17,446$16,445$15,503$14,402
7 years$16,662$15,543$14,497$13,520$12,608$11,553
8 years$14,432$13,323$12,295$11,342$10,459$9,449
9 years$12,698$11,600$10,590$9,661$8,808$7,843
10 years$11,312$10,225$9,232$8,328$7,505$6,584
11 years$10,179$9,103$8,128$7,247$6,455$5,576
12 years$9,236$8,170$7,213$6,357$5,593$4,758
13 years$8,438$7,384$6,445$5,612$4,878$4,083
14 years$7,754$6,711$5,791$4,982$4,276$3,521
15 years$7,163$6,131$5,228$4,443$3,765$3,049
16 years$6,646$5,625$4,740$3,978$3,327$2,650
17 years$6,190$5,181$4,313$3,574$2,950$2,310
18 years$5,785$4,787$3,937$3,221$2,623$2,018
19 years$5,423$4,437$3,605$2,911$2,338$1,767
20 years$5,098$4,123$3,308$2,636$2,088$1,550
21 years$4,804$3,840$3,043$2,393$1,869$1,362
22 years$4,537$3,585$2,804$2,175$1,675$1,198
23 years$4,294$3,353$2,589$1,981$1,504$1,056
24 years$4,072$3,141$2,395$1,807$1,352$931
25 years$3,867$2,948$2,218$1,650$1,216$822
26 years$3,679$2,770$2,057$1,509$1,096$726
27 years$3,505$2,607$1,910$1,381$988$642
28 years$3,343$2,457$1,776$1,265$891$568
29 years$3,193$2,318$1,652$1,160$805$503
30 years$3,053$2,189$1,539$1,065$727$445
31 years$2,923$2,069$1,435$978$657$394
32 years$2,801$1,958$1,339$899$595$349
33 years$2,686$1,854$1,250$827$538$310
34 years$2,579$1,757$1,168$761$487$275
35 years$2,478$1,667$1,092$700$441$244
36 years$2,382$1,582$1,022$645$400$216
37 years$2,292$1,503$956$594$362$192
38 years$2,207$1,428$895$548$329$170
39 years$2,127$1,358$839$505$298$151
40 years$2,051$1,292$786$466$270$134
41 years$1,978$1,230$737$430$245$119
42 years$1,910$1,171$692$397$222$106
43 years$1,844$1,116$649$366$202$94
44 years$1,782$1,064$609$338$183$84
45 years$1,723$1,014$572$312$166$74
46 years$1,666$968$537$288$151$66
47 years$1,613$923$505$266$137$59
48 years$1,561$882$474$246$125$52
49 years$1,512$842$446$227$113$46
50 years$1,465$804$419$210$103$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,500,000, adding $4,470 every year, while hoping to spend $32,539 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: 73/15/12 Blend
39$1,500,000$1,500,000$1,500,000$1,500,000
40$1,657,611$1,578,111$1,554,861$1,774,235
41$1,792,066$1,620,817$1,572,327$1,894,652
42$1,939,145$1,664,525$1,589,289$2,022,046
43$2,100,101$1,709,250$1,605,693$2,160,697
44$2,276,314$1,755,006$1,621,487$2,311,712
45$2,469,304$1,801,808$1,636,612$2,476,307
46$2,680,744$1,849,668$1,651,010$2,655,825
47$2,912,478$1,898,599$1,664,617$2,851,742
48$3,166,535$1,948,615$1,677,366$3,065,684
49$3,445,151$1,999,726$1,689,187$3,299,445
50$3,750,788$2,051,944$1,700,006$3,554,996
51$4,086,158$2,105,280$1,709,746$3,834,512
52$4,454,249$2,159,741$1,718,326$4,140,387
53$4,858,352$2,215,337$1,725,658$4,475,260
54$5,302,090$2,272,075$1,731,655$4,842,037
55$5,789,458$2,329,961$1,736,219$5,243,920
56$6,324,853$2,389,000$1,739,254$5,684,435
57$6,913,122$2,449,196$1,740,653$6,167,468
58$7,559,604$2,510,549$1,740,308$6,697,301
59$8,270,179$2,573,062$1,738,103$7,278,652
60$9,051,327$2,636,731$1,733,919$7,916,717
61$9,910,185$2,701,554$1,727,629$8,617,223
62$10,854,620$2,767,526$1,719,100$9,386,480
63$11,893,295$2,834,639$1,708,194$10,231,440
64$13,035,758$2,902,882$1,694,765$11,159,763
65$14,292,526$2,972,244$1,678,660$12,179,890
66$15,675,188$3,042,709$1,659,720$13,301,123
67$17,196,514$3,114,259$1,637,778$14,533,709
68$18,870,573$3,186,872$1,612,658$15,888,943
69$20,712,866$3,260,524$1,584,177$17,379,267
70$22,740,475$3,335,185$1,552,143$19,018,395
71$24,972,218$3,410,825$1,516,355$20,821,437
72$27,428,835$3,487,405$1,476,602$22,805,044
73$30,133,173$3,564,885$1,432,666$24,987,563
74$33,110,412$3,643,220$1,384,316$27,389,215
75$36,388,295$3,722,358$1,331,311$30,032,280
76$39,997,391$3,802,244$1,273,400$32,941,310
77$43,971,386$3,882,815$1,210,320$36,143,362
78$48,347,398$3,964,003$1,141,796$39,668,250
79$53,166,327$4,045,734$1,067,541$43,548,832
80$58,473,243$4,127,926$987,254$47,821,314
81$64,317,809$4,210,489$900,622$52,525,594
82$70,754,750$4,293,327$807,317$57,705,642
83$77,844,369$4,376,335$706,997$63,409,911
84$85,653,117$4,459,399$599,305$69,691,795
85$94,254,220$4,542,394$483,866$76,610,136
86$103,728,366$4,625,187$360,291$84,229,776
87$114,164,472$4,707,634$228,174$92,622,171
88$125,660,519$4,789,578$87,088$101,866,067
89$138,324,478$4,870,853$0$112,048,242
90$152,275,327$4,951,278$0$123,272,450
91$167,644,179$5,030,659$0$135,648,377
92$184,575,512$5,108,788$0$149,281,054
93$203,228,537$5,185,442$0$164,298,526
94$223,778,700$5,260,380$0$180,841,892
95$246,419,336$5,333,348$0$199,066,644
96$271,363,496$5,404,070$0$219,144,129
97$298,845,957$5,472,253$0$241,263,168
98$329,125,434$5,537,583$0$265,631,840
99$362,487,030$5,599,727$0$292,479,444
100$399,244,919$5,658,325$0$322,058,664