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%11.3%
1 years$123,869$122,765$121,689$120,638$119,612$118,958
2 years$61,321$60,179$59,072$57,999$56,958$56,298
3 years$40,475$39,328$38,224$37,161$36,137$35,491
4 years$30,053$28,910$27,817$26,772$25,773$25,147
5 years$23,802$22,666$21,587$20,564$19,592$18,988
6 years$19,636$18,508$17,446$16,445$15,503$14,920
7 years$16,662$15,543$14,497$13,520$12,608$12,048
8 years$14,432$13,323$12,295$11,342$10,459$9,922
9 years$12,698$11,600$10,590$9,661$8,808$8,293
10 years$11,312$10,225$9,232$8,328$7,505$7,012
11 years$10,179$9,103$8,128$7,247$6,455$5,983
12 years$9,236$8,170$7,213$6,357$5,593$5,143
13 years$8,438$7,384$6,445$5,612$4,878$4,448
14 years$7,754$6,711$5,791$4,982$4,276$3,867
15 years$7,163$6,131$5,228$4,443$3,765$3,376
16 years$6,646$5,625$4,740$3,978$3,327$2,957
17 years$6,190$5,181$4,313$3,574$2,950$2,599
18 years$5,785$4,787$3,937$3,221$2,623$2,290
19 years$5,423$4,437$3,605$2,911$2,338$2,023
20 years$5,098$4,123$3,308$2,636$2,088$1,790
21 years$4,804$3,840$3,043$2,393$1,869$1,587
22 years$4,537$3,585$2,804$2,175$1,675$1,409
23 years$4,294$3,353$2,589$1,981$1,504$1,252
24 years$4,072$3,141$2,395$1,807$1,352$1,115
25 years$3,867$2,948$2,218$1,650$1,216$993
26 years$3,679$2,770$2,057$1,509$1,096$886
27 years$3,505$2,607$1,910$1,381$988$791
28 years$3,343$2,457$1,776$1,265$891$706
29 years$3,193$2,318$1,652$1,160$805$631
30 years$3,053$2,189$1,539$1,065$727$564
31 years$2,923$2,069$1,435$978$657$505
32 years$2,801$1,958$1,339$899$595$452
33 years$2,686$1,854$1,250$827$538$405
34 years$2,579$1,757$1,168$761$487$362
35 years$2,478$1,667$1,092$700$441$325
36 years$2,382$1,582$1,022$645$400$291
37 years$2,292$1,503$956$594$362$261
38 years$2,207$1,428$895$548$329$234
39 years$2,127$1,358$839$505$298$210
40 years$2,051$1,292$786$466$270$188
41 years$1,978$1,230$737$430$245$169
42 years$1,910$1,171$692$397$222$152
43 years$1,844$1,116$649$366$202$136
44 years$1,782$1,064$609$338$183$122
45 years$1,723$1,014$572$312$166$110
46 years$1,666$968$537$288$151$98
47 years$1,613$923$505$266$137$88
48 years$1,561$882$474$246$125$79
49 years$1,512$842$446$227$113$71
50 years$1,465$804$419$210$103$64

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 $5,508 every year, while hoping to spend $34,332 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: 70/9/21 Blend
39$1,500,000$1,500,000$1,500,000$1,500,000
40$1,658,682$1,579,182$1,555,932$1,765,818
41$1,791,338$1,620,032$1,571,526$1,878,888
42$1,936,375$1,661,734$1,586,493$1,998,050
43$2,095,019$1,704,293$1,600,774$2,127,643
44$2,268,620$1,747,712$1,614,309$2,268,697
45$2,458,665$1,791,996$1,627,034$2,422,346
46$2,666,793$1,837,148$1,638,884$2,589,838
47$2,894,805$1,883,168$1,649,786$2,772,549
48$3,144,689$1,930,057$1,659,668$2,971,996
49$3,418,632$1,977,814$1,668,451$3,189,849
50$3,719,042$2,026,437$1,676,054$3,427,948
51$4,048,573$2,075,921$1,682,390$3,688,321
52$4,410,147$2,126,260$1,687,370$3,973,202
53$4,806,983$2,177,448$1,690,898$4,285,054
54$5,242,626$2,229,475$1,692,874$4,626,589
55$5,720,984$2,282,328$1,693,195$5,000,796
56$6,246,357$2,335,995$1,691,750$5,410,969
57$6,823,486$2,390,460$1,688,424$5,860,739
58$7,457,593$2,445,703$1,683,097$6,354,104
59$8,154,429$2,501,704$1,675,642$6,895,474
60$8,920,331$2,558,438$1,665,927$7,489,705
61$9,762,281$2,615,878$1,653,812$8,142,151
62$10,687,970$2,673,992$1,639,151$8,858,709
63$11,705,872$2,732,747$1,621,792$9,645,882
64$12,825,324$2,792,105$1,601,575$10,510,832
65$14,056,612$2,852,023$1,578,333$11,461,454
66$15,411,069$2,912,455$1,551,889$12,506,449
67$16,901,183$2,973,349$1,522,062$13,655,405
68$18,540,710$3,034,650$1,488,658$14,918,888
69$20,344,811$3,096,297$1,451,476$16,308,542
70$22,330,188$3,158,222$1,410,307$17,837,200
71$24,515,245$3,220,352$1,364,930$19,519,005
72$26,920,261$3,282,610$1,315,116$21,369,542
73$29,567,578$3,344,909$1,260,623$23,405,986
74$32,481,818$3,407,156$1,201,200$25,647,268
75$35,690,108$3,469,251$1,136,585$28,114,246
76$39,222,340$3,531,086$1,066,502$30,829,912
77$43,111,453$3,592,543$990,665$33,819,599
78$47,393,742$3,653,498$908,772$37,111,228
79$52,109,198$3,713,815$820,511$40,735,571
80$57,301,893$3,773,347$725,554$44,726,536
81$63,020,385$3,831,940$623,559$49,121,496
82$69,318,184$3,889,426$514,169$53,961,634
83$76,254,256$3,945,625$397,010$59,292,338
84$83,893,574$4,000,344$271,694$65,163,626
85$92,307,735$4,053,378$137,813$71,630,622
86$101,575,638$4,104,507$0$78,754,074
87$111,784,220$4,153,495$0$86,602,064
88$123,029,286$4,200,091$0$95,280,264
89$135,416,405$4,244,028$0$104,839,172
90$149,061,912$4,285,019$0$115,368,502
91$164,094,000$4,322,758$0$126,967,112
92$180,653,937$4,356,922$0$139,743,945
93$198,897,391$4,387,164$0$153,819,050
94$218,995,906$4,413,115$0$169,324,719
95$241,138,514$4,434,384$0$186,406,737
96$265,533,527$4,450,554$0$205,225,752
97$292,410,496$4,461,180$0$225,958,799
98$322,022,382$4,465,793$0$248,800,966
99$354,647,939$4,463,891$0$273,967,237
100$390,594,350$4,454,943$0$301,694,521