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

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$124,694$123,584$122,500$121,442$120,410$116,369
2 years$61,730$60,580$59,466$58,386$57,338$53,307
3 years$40,744$39,590$38,478$37,408$36,377$32,483
4 years$30,254$29,103$28,002$26,951$25,945$22,216
5 years$23,961$22,817$21,731$20,701$19,723$16,170
6 years$19,767$18,632$17,562$16,554$15,606$12,232
7 years$16,773$15,647$14,594$13,610$12,692$9,496
8 years$14,528$13,412$12,377$11,417$10,529$7,509
9 years$12,783$11,678$10,660$9,725$8,867$6,019
10 years$11,388$10,293$9,294$8,383$7,555$4,875
11 years$10,247$9,164$8,182$7,296$6,498$3,980
12 years$9,297$8,225$7,261$6,399$5,631$3,270
13 years$8,494$7,433$6,488$5,650$4,910$2,700
14 years$7,806$6,756$5,829$5,015$4,304$2,238
15 years$7,211$6,172$5,263$4,473$3,790$1,862
16 years$6,690$5,663$4,772$4,005$3,349$1,553
17 years$6,231$5,215$4,342$3,598$2,970$1,298
18 years$5,823$4,819$3,964$3,243$2,641$1,087
19 years$5,459$4,466$3,629$2,930$2,354$912
20 years$5,132$4,150$3,330$2,654$2,102$765
21 years$4,836$3,866$3,063$2,408$1,881$643
22 years$4,568$3,608$2,823$2,190$1,686$541
23 years$4,323$3,375$2,607$1,994$1,514$456
24 years$4,099$3,162$2,411$1,819$1,361$384
25 years$3,893$2,967$2,233$1,661$1,224$324
26 years$3,703$2,789$2,071$1,519$1,103$273
27 years$3,528$2,625$1,923$1,390$994$230
28 years$3,365$2,473$1,788$1,274$897$194
29 years$3,214$2,333$1,664$1,168$810$164
30 years$3,074$2,204$1,549$1,072$732$139
31 years$2,942$2,083$1,445$985$662$117
32 years$2,819$1,971$1,348$905$599$99
33 years$2,704$1,867$1,258$832$542$83
34 years$2,596$1,769$1,176$766$491$71
35 years$2,494$1,678$1,099$705$444$60
36 years$2,398$1,593$1,028$649$403$50
37 years$2,308$1,513$963$598$365$43
38 years$2,222$1,438$901$551$331$36
39 years$2,141$1,367$844$508$300$30
40 years$2,064$1,301$792$469$272$26
41 years$1,992$1,238$742$433$247$22
42 years$1,922$1,179$696$399$224$18
43 years$1,857$1,123$653$368$203$15
44 years$1,794$1,071$613$340$184$13
45 years$1,734$1,021$576$314$167$11
46 years$1,678$974$541$290$152$9
47 years$1,623$930$508$268$138$8
48 years$1,571$887$477$248$125$7
49 years$1,522$847$449$229$114$6
50 years$1,474$809$422$212$103$5

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 $5,884 every year, while hoping to spend $20,534 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: 59/32/9 Blend
39$1,510,000$1,510,000$1,510,000$1,510,000
40$1,670,089$1,590,059$1,566,654$1,764,853
41$1,818,590$1,646,124$1,597,289$1,885,277
42$1,981,550$1,704,248$1,628,262$2,013,677
43$2,160,422$1,764,510$1,659,563$2,153,172
44$2,356,807$1,826,993$1,691,180$2,304,830
45$2,572,468$1,891,782$1,723,101$2,469,825
46$2,809,347$1,958,966$1,755,312$2,649,449
47$3,069,584$2,028,639$1,787,798$2,845,123
48$3,355,536$2,100,897$1,820,544$3,058,410
49$3,669,800$2,175,840$1,853,532$3,291,031
50$4,015,237$2,253,574$1,886,743$3,544,880
51$4,394,999$2,334,207$1,920,156$3,822,040
52$4,812,558$2,417,852$1,953,751$4,124,806
53$5,271,740$2,504,628$1,987,502$4,455,701
54$5,776,760$2,594,658$2,021,386$4,817,507
55$6,332,262$2,688,069$2,055,376$5,213,282
56$6,943,364$2,784,994$2,089,441$5,646,396
57$7,615,701$2,885,573$2,123,552$6,120,558
58$8,355,487$2,989,951$2,157,675$6,639,853
59$9,169,564$3,098,276$2,191,775$7,208,776
60$10,065,475$3,210,707$2,225,815$7,832,281
61$11,051,528$3,327,406$2,259,754$8,515,822
62$12,136,879$3,448,544$2,293,551$9,265,403
63$13,331,616$3,574,298$2,327,160$10,087,640
64$14,646,854$3,704,852$2,360,533$10,989,818
65$16,094,842$3,840,399$2,393,620$11,979,960
66$17,689,076$3,981,138$2,426,366$13,066,902
67$19,444,428$4,127,280$2,458,715$14,260,381
68$21,377,284$4,279,041$2,490,607$15,571,116
69$23,505,701$4,436,649$2,521,977$17,010,919
70$25,849,577$4,600,339$2,552,757$18,592,801
71$28,430,837$4,770,358$2,582,877$20,331,091
72$31,273,640$4,946,963$2,612,261$22,241,578
73$34,404,609$5,130,422$2,640,830$24,341,654
74$37,853,080$5,321,014$2,668,498$26,650,479
75$41,651,379$5,519,029$2,695,179$29,189,160
76$45,835,130$5,724,772$2,720,778$31,980,952
77$50,443,586$5,938,558$2,745,196$35,051,474
78$55,520,003$6,160,718$2,768,331$38,428,951
79$61,112,046$6,391,596$2,790,073$42,144,479
80$67,272,240$6,631,550$2,810,306$46,232,321
81$74,058,468$6,880,956$2,828,911$50,730,223
82$81,534,512$7,140,202$2,845,759$55,679,776
83$89,770,657$7,409,697$2,860,717$61,126,802
84$98,844,358$7,689,866$2,873,645$67,121,790
85$108,840,964$7,981,151$2,884,394$73,720,368
86$119,854,530$8,284,016$2,892,809$80,983,829
87$131,988,702$8,598,942$2,898,727$88,979,709
88$145,357,692$8,926,433$2,901,978$97,782,420
89$160,087,364$9,267,015$2,902,381$107,473,955
90$176,316,412$9,621,236$2,899,747$118,144,658
91$194,197,677$9,989,668$2,893,880$129,894,076
92$213,899,587$10,372,908$2,884,572$142,831,900
93$235,607,744$10,771,580$2,871,605$157,078,994
94$259,526,681$11,186,335$2,854,751$172,768,538
95$285,881,789$11,617,851$2,833,771$190,047,283
96$314,921,444$12,066,838$2,808,415$209,076,933
97$346,919,355$12,534,037$2,778,420$230,035,673
98$382,177,145$13,020,220$2,743,513$253,119,846
99$421,027,197$13,526,195$2,703,404$278,545,806
100$463,835,796$14,052,803$2,657,793$306,551,959