Can I retire at age 40 with 1,520,000?

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$125,520$124,402$123,311$122,247$121,207$119,199
2 years$62,139$60,981$59,860$58,772$57,718$55,700
3 years$41,014$39,852$38,733$37,656$36,618$34,655
4 years$30,454$29,295$28,188$27,129$26,117$24,222
5 years$24,120$22,968$21,875$20,838$19,853$18,033
6 years$19,898$18,755$17,678$16,664$15,709$13,965
7 years$16,884$15,751$14,691$13,700$12,776$11,108
8 years$14,624$13,501$12,459$11,493$10,599$9,008
9 years$12,868$11,755$10,731$9,789$8,926$7,410
10 years$11,463$10,362$9,355$8,439$7,605$6,164
11 years$10,315$9,224$8,236$7,344$6,541$5,173
12 years$9,359$8,279$7,310$6,442$5,668$4,371
13 years$8,550$7,482$6,531$5,687$4,943$3,715
14 years$7,858$6,801$5,868$5,048$4,333$3,172
15 years$7,258$6,213$5,298$4,502$3,815$2,719
16 years$6,734$5,700$4,803$4,031$3,372$2,338
17 years$6,272$5,250$4,371$3,622$2,989$2,016
18 years$5,862$4,851$3,990$3,264$2,658$1,743
19 years$5,495$4,496$3,653$2,950$2,369$1,509
20 years$5,166$4,178$3,352$2,671$2,116$1,310
21 years$4,868$3,891$3,083$2,424$1,894$1,138
22 years$4,598$3,632$2,842$2,204$1,698$990
23 years$4,352$3,397$2,624$2,008$1,524$862
24 years$4,126$3,183$2,427$1,831$1,370$751
25 years$3,919$2,987$2,248$1,672$1,232$655
26 years$3,728$2,807$2,084$1,529$1,110$572
27 years$3,551$2,642$1,936$1,399$1,001$500
28 years$3,388$2,490$1,799$1,282$903$437
29 years$3,236$2,349$1,675$1,176$815$382
30 years$3,094$2,218$1,560$1,079$737$334
31 years$2,962$2,097$1,454$991$666$292
32 years$2,838$1,984$1,357$911$603$256
33 years$2,722$1,879$1,267$838$545$224
34 years$2,613$1,781$1,184$771$494$196
35 years$2,511$1,689$1,107$709$447$172
36 years$2,414$1,603$1,035$653$405$151
37 years$2,323$1,523$969$602$367$132
38 years$2,237$1,447$907$555$333$116
39 years$2,155$1,376$850$512$302$101
40 years$2,078$1,309$797$472$274$89
41 years$2,005$1,246$747$435$248$78
42 years$1,935$1,187$701$402$225$68
43 years$1,869$1,131$658$371$205$60
44 years$1,806$1,078$617$342$186$52
45 years$1,746$1,028$580$316$169$46
46 years$1,689$981$544$292$153$40
47 years$1,634$936$511$270$139$35
48 years$1,582$893$481$249$126$31
49 years$1,532$853$452$231$115$27
50 years$1,484$815$425$213$104$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,520,000, adding $3,336 every year, while hoping to spend $54,935 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: 47/39/14 Blend
39$1,520,000$1,520,000$1,520,000$1,520,000
40$1,678,481$1,597,921$1,574,361$1,750,625
41$1,791,236$1,617,769$1,568,652$1,820,759
42$1,913,650$1,636,748$1,560,910$1,890,939
43$2,046,652$1,654,758$1,551,010$1,965,898
44$2,191,260$1,671,691$1,538,819$2,046,101
45$2,348,598$1,687,433$1,524,199$2,132,062
46$2,519,901$1,701,863$1,507,004$2,224,351
47$2,706,526$1,714,849$1,487,084$2,323,597
48$2,909,968$1,726,254$1,464,279$2,430,493
49$3,131,875$1,735,930$1,438,422$2,545,809
50$3,374,056$1,743,721$1,409,339$2,670,393
51$3,638,506$1,749,459$1,376,848$2,805,183
52$3,927,419$1,752,968$1,340,758$2,951,216
53$4,243,211$1,754,059$1,300,869$3,109,639
54$4,588,543$1,752,532$1,256,972$3,281,715
55$4,966,343$1,748,175$1,208,849$3,468,845
56$5,379,837$1,740,762$1,156,272$3,672,574
57$5,832,575$1,730,054$1,099,002$3,894,608
58$6,328,468$1,715,797$1,036,789$4,136,834
59$6,871,823$1,697,723$969,373$4,401,334
60$7,467,382$1,675,544$896,480$4,690,409
61$8,120,370$1,648,960$817,826$5,006,599
62$8,836,538$1,617,650$733,114$5,352,710
63$9,622,224$1,581,274$642,033$5,731,842
64$10,484,408$1,539,473$544,258$6,147,414
65$11,430,776$1,491,867$439,450$6,603,205
66$12,469,799$1,438,052$327,255$7,103,384
67$13,610,804$1,377,602$207,303$7,652,557
68$14,864,068$1,310,066$79,210$8,255,805
69$16,240,911$1,234,967$0$8,918,738
70$17,753,804$1,151,801$0$9,656,137
71$19,416,486$1,060,034$0$10,479,434
72$21,244,094$959,101$0$11,384,392
73$23,253,302$848,407$0$12,379,404
74$25,462,482$727,323$0$13,473,727
75$27,891,874$595,181$0$14,677,572
76$30,563,780$451,279$0$16,002,202
77$33,502,768$294,875$0$17,460,037
78$36,735,910$125,183$0$19,064,778
79$40,293,032$0$0$20,831,533
80$44,206,998$0$0$22,802,125
81$48,514,016$0$0$25,029,927
82$53,253,984$0$0$27,481,877
83$58,470,862$0$0$30,180,742
84$64,213,088$0$0$33,151,605
85$70,534,035$0$0$36,422,108
86$77,492,511$0$0$40,022,708
87$85,153,319$0$0$43,986,962
88$93,587,860$0$0$48,351,852
89$102,874,815$0$0$53,158,125
90$113,100,881$0$0$58,450,681
91$124,361,590$0$0$64,278,995
92$136,762,210$0$0$70,697,588
93$150,418,740$0$0$77,766,534
94$165,458,999$0$0$85,552,034
95$182,023,837$0$0$94,127,034
96$200,268,462$0$0$103,571,917
97$220,363,901$0$0$113,975,262
98$242,498,619$0$0$125,434,677
99$266,880,293$0$0$138,057,722
100$293,737,771$0$0$151,962,922