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%16.3%
1 years$123,869$122,765$121,689$120,638$119,612$116,531
2 years$61,321$60,179$59,072$57,999$56,958$53,875
3 years$40,475$39,328$38,224$37,161$36,137$33,147
4 years$30,053$28,910$27,817$26,772$25,773$22,900
5 years$23,802$22,666$21,587$20,564$19,592$16,845
6 years$19,636$18,508$17,446$16,445$15,503$12,883
7 years$16,662$15,543$14,497$13,520$12,608$10,115
8 years$14,432$13,323$12,295$11,342$10,459$8,094
9 years$12,698$11,600$10,590$9,661$8,808$6,567
10 years$11,312$10,225$9,232$8,328$7,505$5,386
11 years$10,179$9,103$8,128$7,247$6,455$4,454
12 years$9,236$8,170$7,213$6,357$5,593$3,708
13 years$8,438$7,384$6,445$5,612$4,878$3,103
14 years$7,754$6,711$5,791$4,982$4,276$2,609
15 years$7,163$6,131$5,228$4,443$3,765$2,201
16 years$6,646$5,625$4,740$3,978$3,327$1,862
17 years$6,190$5,181$4,313$3,574$2,950$1,579
18 years$5,785$4,787$3,937$3,221$2,623$1,342
19 years$5,423$4,437$3,605$2,911$2,338$1,143
20 years$5,098$4,123$3,308$2,636$2,088$974
21 years$4,804$3,840$3,043$2,393$1,869$832
22 years$4,537$3,585$2,804$2,175$1,675$711
23 years$4,294$3,353$2,589$1,981$1,504$608
24 years$4,072$3,141$2,395$1,807$1,352$521
25 years$3,867$2,948$2,218$1,650$1,216$446
26 years$3,679$2,770$2,057$1,509$1,096$382
27 years$3,505$2,607$1,910$1,381$988$328
28 years$3,343$2,457$1,776$1,265$891$281
29 years$3,193$2,318$1,652$1,160$805$241
30 years$3,053$2,189$1,539$1,065$727$207
31 years$2,923$2,069$1,435$978$657$178
32 years$2,801$1,958$1,339$899$595$153
33 years$2,686$1,854$1,250$827$538$131
34 years$2,579$1,757$1,168$761$487$113
35 years$2,478$1,667$1,092$700$441$97
36 years$2,382$1,582$1,022$645$400$83
37 years$2,292$1,503$956$594$362$71
38 years$2,207$1,428$895$548$329$61
39 years$2,127$1,358$839$505$298$53
40 years$2,051$1,292$786$466$270$45
41 years$1,978$1,230$737$430$245$39
42 years$1,910$1,171$692$397$222$34
43 years$1,844$1,116$649$366$202$29
44 years$1,782$1,064$609$338$183$25
45 years$1,723$1,014$572$312$166$21
46 years$1,666$968$537$288$151$18
47 years$1,613$923$505$266$137$16
48 years$1,561$882$474$246$125$14
49 years$1,512$842$446$227$113$12
50 years$1,465$804$419$210$103$10

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 $3,266 every year, while hoping to spend $49,172 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: 58/35/7 Blend
39$1,500,000$1,500,000$1,500,000$1,500,000
40$1,656,369$1,576,869$1,553,619$1,749,764
41$1,773,000$1,601,817$1,553,346$1,837,830
42$1,899,879$1,626,339$1,551,417$1,927,919
43$2,038,000$1,650,363$1,547,723$2,024,888
44$2,188,456$1,673,811$1,542,151$2,129,397
45$2,352,450$1,696,599$1,534,585$2,242,176
46$2,531,305$1,718,638$1,524,899$2,364,031
47$2,726,479$1,739,832$1,512,964$2,495,848
48$2,939,576$1,760,079$1,498,644$2,638,605
49$3,172,361$1,779,272$1,481,797$2,793,380
50$3,426,778$1,797,292$1,462,273$2,961,363
51$3,704,967$1,814,017$1,439,917$3,143,865
52$4,009,284$1,829,314$1,414,564$3,342,331
53$4,342,323$1,843,042$1,386,044$3,558,356
54$4,706,940$1,855,052$1,354,177$3,793,697
55$5,106,283$1,865,184$1,318,777$4,050,294
56$5,543,814$1,873,269$1,279,646$4,330,284
57$6,023,349$1,879,125$1,236,581$4,636,024
58$6,549,090$1,882,561$1,189,365$4,970,116
59$7,125,665$1,883,374$1,137,776$5,335,425
60$7,758,169$1,881,346$1,081,579$5,735,113
61$8,452,219$1,876,248$1,020,528$6,172,667
62$9,213,997$1,867,836$954,367$6,651,931
63$10,050,315$1,855,851$882,829$7,177,145
64$10,968,677$1,840,018$805,634$7,752,984
65$11,977,349$1,820,046$722,489$8,384,603
66$13,085,437$1,795,625$633,091$9,077,688
67$14,302,970$1,766,430$537,118$9,838,506
68$15,641,002$1,732,113$434,240$10,673,970
69$17,111,704$1,692,308$324,107$11,591,702
70$18,728,491$1,646,624$206,358$12,600,105
71$20,506,139$1,594,650$80,613$13,708,446
72$22,460,929$1,535,952$0$14,926,943
73$24,610,797$1,470,066$0$16,270,862
74$26,975,505$1,396,506$0$17,755,310
75$29,576,827$1,314,756$0$19,387,985
76$32,438,753$1,224,269$0$21,184,021
77$35,587,716$1,124,468$0$23,160,101
78$39,052,840$1,014,744$0$25,334,617
79$42,866,215$894,452$0$27,727,841
80$47,063,198$762,909$0$30,362,123
81$51,682,750$619,397$0$33,262,100
82$56,767,798$463,155$0$36,454,930
83$62,365,643$293,379$0$39,970,553
84$68,528,405$109,221$0$43,841,969
85$75,313,515$0$0$48,105,557
86$82,784,256$0$0$52,836,162
87$91,010,358$0$0$58,091,556
88$100,068,659$0$0$63,878,784
89$110,043,827$0$0$70,251,957
90$121,029,160$0$0$77,270,707
91$133,127,463$0$0$85,000,740
92$146,452,023$0$0$93,514,463
93$161,127,674$0$0$102,891,659
94$177,291,973$0$0$113,220,250
95$195,096,503$0$0$124,597,116
96$214,708,299$0$0$137,129,017
97$236,311,424$0$0$150,933,597
98$260,108,709$0$0$166,140,492
99$286,323,663$0$0$182,892,559
100$315,202,584$0$0$201,347,216