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

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$123,869$122,765$121,689$120,638$119,612$118,511
2 years$61,321$60,179$59,072$57,999$56,958$55,849
3 years$40,475$39,328$38,224$37,161$36,137$35,053
4 years$30,053$28,910$27,817$26,772$25,773$24,724
5 years$23,802$22,666$21,587$20,564$19,592$18,581
6 years$19,636$18,508$17,446$16,445$15,503$14,530
7 years$16,662$15,543$14,497$13,520$12,608$11,674
8 years$14,432$13,323$12,295$11,342$10,459$9,565
9 years$12,698$11,600$10,590$9,661$8,808$7,953
10 years$11,312$10,225$9,232$8,328$7,505$6,688
11 years$10,179$9,103$8,128$7,247$6,455$5,676
12 years$9,236$8,170$7,213$6,357$5,593$4,851
13 years$8,438$7,384$6,445$5,612$4,878$4,172
14 years$7,754$6,711$5,791$4,982$4,276$3,605
15 years$7,163$6,131$5,228$4,443$3,765$3,128
16 years$6,646$5,625$4,740$3,978$3,327$2,724
17 years$6,190$5,181$4,313$3,574$2,950$2,379
18 years$5,785$4,787$3,937$3,221$2,623$2,083
19 years$5,423$4,437$3,605$2,911$2,338$1,828
20 years$5,098$4,123$3,308$2,636$2,088$1,607
21 years$4,804$3,840$3,043$2,393$1,869$1,415
22 years$4,537$3,585$2,804$2,175$1,675$1,248
23 years$4,294$3,353$2,589$1,981$1,504$1,102
24 years$4,072$3,141$2,395$1,807$1,352$974
25 years$3,867$2,948$2,218$1,650$1,216$862
26 years$3,679$2,770$2,057$1,509$1,096$763
27 years$3,505$2,607$1,910$1,381$988$676
28 years$3,343$2,457$1,776$1,265$891$600
29 years$3,193$2,318$1,652$1,160$805$532
30 years$3,053$2,189$1,539$1,065$727$472
31 years$2,923$2,069$1,435$978$657$420
32 years$2,801$1,958$1,339$899$595$373
33 years$2,686$1,854$1,250$827$538$331
34 years$2,579$1,757$1,168$761$487$295
35 years$2,478$1,667$1,092$700$441$262
36 years$2,382$1,582$1,022$645$400$233
37 years$2,292$1,503$956$594$362$207
38 years$2,207$1,428$895$548$329$184
39 years$2,127$1,358$839$505$298$164
40 years$2,051$1,292$786$466$270$146
41 years$1,978$1,230$737$430$245$130
42 years$1,910$1,171$692$397$222$116
43 years$1,844$1,116$649$366$202$103
44 years$1,782$1,064$609$338$183$92
45 years$1,723$1,014$572$312$166$82
46 years$1,666$968$537$288$151$73
47 years$1,613$923$505$266$137$65
48 years$1,561$882$474$246$125$58
49 years$1,512$842$446$227$113$52
50 years$1,465$804$419$210$103$46

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 $3,131 every year, while hoping to spend $53,808 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: 76/14/10 Blend
39$1,500,000$1,500,000$1,500,000$1,500,000
40$1,656,230$1,576,730$1,553,480$1,778,953
41$1,767,914$1,596,738$1,548,270$1,880,196
42$1,889,186$1,615,924$1,541,082$1,983,998
43$2,020,968$1,634,189$1,531,794$2,096,253
44$2,164,273$1,651,430$1,520,275$2,217,784
45$2,320,216$1,667,537$1,506,391$2,349,494
46$2,490,024$1,682,392$1,490,001$2,492,377
47$2,675,045$1,695,869$1,470,955$2,647,532
48$2,876,767$1,707,834$1,449,099$2,816,167
49$3,096,824$1,718,144$1,424,271$2,999,614
50$3,337,015$1,726,648$1,396,299$3,199,340
51$3,599,322$1,733,185$1,365,006$3,416,962
52$3,885,925$1,737,583$1,330,206$3,654,263
53$4,199,225$1,739,660$1,291,703$3,913,206
54$4,541,864$1,739,222$1,249,294$4,195,956
55$4,916,755$1,736,064$1,202,765$4,504,898
56$5,327,099$1,729,967$1,151,894$4,842,661
57$5,776,428$1,720,700$1,096,446$5,212,143
58$6,268,626$1,708,016$1,036,179$5,616,537
59$6,807,972$1,691,656$970,838$6,059,363
60$7,399,180$1,671,342$900,156$6,544,500
61$8,047,441$1,646,782$823,855$7,076,224
62$8,758,470$1,617,665$741,645$7,659,247
63$9,538,566$1,583,662$653,222$8,298,764
64$10,394,663$1,544,425$558,269$9,000,500
65$11,334,402$1,499,585$456,454$9,770,765
66$12,366,199$1,448,752$347,433$10,616,515
67$13,499,322$1,391,512$230,843$11,545,417
68$14,743,985$1,327,428$106,308$12,565,919
69$16,111,437$1,256,038$0$13,687,336
70$17,614,072$1,176,852$0$14,922,771
71$19,265,542$1,089,352$0$16,292,991
72$21,080,889$992,993$0$17,799,158
73$23,076,685$887,195$0$19,455,066
74$25,271,187$771,348$0$21,275,916
75$27,684,510$644,805$0$23,278,460
76$30,338,815$506,886$0$25,481,158
77$33,258,519$356,868$0$27,904,353
78$36,470,525$193,992$0$30,570,467
79$40,004,475$17,453$0$33,504,205
80$43,893,026$0$0$36,732,796
81$48,172,166$0$0$40,312,989
82$52,881,541$0$0$44,256,173
83$58,064,842$0$0$48,596,245
84$63,770,204$0$0$53,373,523
85$70,050,671$0$0$58,632,427
86$76,964,685$0$0$64,421,905
87$84,576,648$0$0$70,795,893
88$92,957,521$0$0$77,813,821
89$102,185,495$0$0$85,541,176
90$112,346,731$0$0$94,050,116
91$123,536,170$0$0$103,420,155
92$135,858,429$0$0$113,738,912
93$149,428,788$0$0$125,102,935
94$164,374,277$0$0$137,618,611
95$180,834,874$0$0$151,403,174
96$198,964,827$0$0$166,585,807
97$218,934,105$0$0$183,308,864
98$240,930,008$0$0$201,729,209
99$265,158,929$0$0$222,019,698
100$291,848,303$0$0$244,370,811