Can I retire at age 40 with 1,510,000?

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$124,694$123,584$122,500$121,442$120,410$119,251
2 years$61,730$60,580$59,466$58,386$57,338$56,171
3 years$40,744$39,590$38,478$37,408$36,377$35,238
4 years$30,254$29,103$28,002$26,951$25,945$24,842
5 years$23,961$22,817$21,731$20,701$19,723$18,660
6 years$19,767$18,632$17,562$16,554$15,606$14,584
7 years$16,773$15,647$14,594$13,610$12,692$11,711
8 years$14,528$13,412$12,377$11,417$10,529$9,590
9 years$12,783$11,678$10,660$9,725$8,867$7,969
10 years$11,388$10,293$9,294$8,383$7,555$6,698
11 years$10,247$9,164$8,182$7,296$6,498$5,680
12 years$9,297$8,225$7,261$6,399$5,631$4,852
13 years$8,494$7,433$6,488$5,650$4,910$4,170
14 years$7,806$6,756$5,829$5,015$4,304$3,601
15 years$7,211$6,172$5,263$4,473$3,790$3,122
16 years$6,690$5,663$4,772$4,005$3,349$2,717
17 years$6,231$5,215$4,342$3,598$2,970$2,371
18 years$5,823$4,819$3,964$3,243$2,641$2,075
19 years$5,459$4,466$3,629$2,930$2,354$1,819
20 years$5,132$4,150$3,330$2,654$2,102$1,598
21 years$4,836$3,866$3,063$2,408$1,881$1,407
22 years$4,568$3,608$2,823$2,190$1,686$1,239
23 years$4,323$3,375$2,607$1,994$1,514$1,094
24 years$4,099$3,162$2,411$1,819$1,361$966
25 years$3,893$2,967$2,233$1,661$1,224$854
26 years$3,703$2,789$2,071$1,519$1,103$756
27 years$3,528$2,625$1,923$1,390$994$669
28 years$3,365$2,473$1,788$1,274$897$593
29 years$3,214$2,333$1,664$1,168$810$526
30 years$3,074$2,204$1,549$1,072$732$466
31 years$2,942$2,083$1,445$985$662$414
32 years$2,819$1,971$1,348$905$599$367
33 years$2,704$1,867$1,258$832$542$326
34 years$2,596$1,769$1,176$766$491$290
35 years$2,494$1,678$1,099$705$444$257
36 years$2,398$1,593$1,028$649$403$229
37 years$2,308$1,513$963$598$365$203
38 years$2,222$1,438$901$551$331$181
39 years$2,141$1,367$844$508$300$161
40 years$2,064$1,301$792$469$272$143
41 years$1,992$1,238$742$433$247$127
42 years$1,922$1,179$696$399$224$113
43 years$1,857$1,123$653$368$203$101
44 years$1,794$1,071$613$340$184$90
45 years$1,734$1,021$576$314$167$80
46 years$1,678$974$541$290$152$71
47 years$1,623$930$508$268$138$63
48 years$1,571$887$477$248$125$56
49 years$1,522$847$449$229$114$50
50 years$1,474$809$422$212$103$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,510,000, adding $2,635 every year, while hoping to spend $48,301 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: 74/10/16 Blend
39$1,510,000$1,510,000$1,510,000$1,510,000
40$1,666,738$1,586,708$1,563,303$1,783,912
41$1,785,353$1,613,065$1,564,282$1,888,206
42$1,914,449$1,639,094$1,563,674$1,996,250
43$2,055,042$1,664,729$1,561,377$2,113,353
44$2,208,253$1,689,898$1,557,280$2,240,404
45$2,375,315$1,714,523$1,551,269$2,378,382
46$2,557,585$1,738,523$1,543,224$2,528,364
47$2,756,556$1,761,807$1,533,020$2,691,538
48$2,973,872$1,784,283$1,520,523$2,869,213
49$3,211,343$1,805,849$1,505,597$3,062,832
50$3,470,961$1,826,397$1,488,095$3,273,985
51$3,754,920$1,845,812$1,467,868$3,504,423
52$4,065,636$1,863,970$1,444,755$3,756,078
53$4,405,767$1,880,741$1,418,591$4,031,076
54$4,778,244$1,895,985$1,389,202$4,331,764
55$5,186,290$1,909,554$1,356,405$4,660,725
56$5,633,457$1,921,288$1,320,011$5,020,808
57$6,123,658$1,931,020$1,279,819$5,415,153
58$6,661,201$1,938,569$1,235,623$5,847,220
59$7,250,830$1,943,746$1,187,203$6,320,822
60$7,897,772$1,946,347$1,134,332$6,840,163
61$8,607,784$1,946,157$1,076,771$7,409,876
62$9,387,207$1,942,948$1,014,272$8,035,067
63$10,243,027$1,936,476$946,574$8,721,363
64$11,182,937$1,926,485$873,406$9,474,968
65$12,215,414$1,912,701$794,483$10,302,719
66$13,349,796$1,894,833$709,508$11,212,152
67$14,596,370$1,872,575$618,171$12,211,571
68$15,966,469$1,845,600$520,149$13,310,132
69$17,472,578$1,813,563$415,103$14,517,923
70$19,128,452$1,776,099$302,680$15,846,066
71$20,949,246$1,732,820$182,512$17,306,817
72$22,951,657$1,683,315$54,213$18,913,686
73$25,154,079$1,627,151$0$20,681,562
74$27,576,781$1,563,867$0$22,640,976
75$30,242,093$1,492,977$0$24,806,690
76$33,174,620$1,413,967$0$27,189,449
77$36,401,472$1,326,292$0$29,811,304
78$39,952,519$1,229,377$0$32,696,551
79$43,860,673$1,122,613$0$35,871,967
80$48,162,197$1,005,357$0$39,367,055
81$52,897,051$876,929$0$43,214,329
82$58,109,263$736,611$0$47,449,619
83$63,847,346$583,644$0$52,112,405
84$70,164,759$417,226$0$57,246,197
85$77,120,405$236,510$0$62,898,941
86$84,779,190$40,603$0$69,123,472
87$93,212,635$0$0$75,978,014
88$102,499,549$0$0$83,545,595
89$112,726,775$0$0$91,884,410
90$123,990,003$0$0$101,068,024
91$136,394,682$0$0$111,182,426
92$150,057,006$0$0$122,322,369
93$165,105,013$0$0$134,592,266
94$181,679,797$0$0$148,107,172
95$199,936,832$0$0$162,993,873
96$220,047,443$0$0$179,392,080
97$242,200,424$0$0$197,455,748
98$266,603,816$0$0$217,354,530
99$293,486,871$0$0$239,275,373
100$323,102,215$0$0$263,424,290