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%15.6%
1 years$125,520$124,402$123,311$122,247$121,207$118,421
2 years$62,139$60,981$59,860$58,772$57,718$54,926
3 years$41,014$39,852$38,733$37,656$36,618$33,909
4 years$30,454$29,295$28,188$27,129$26,117$23,510
5 years$24,120$22,968$21,875$20,838$19,853$17,356
6 years$19,898$18,755$17,678$16,664$15,709$13,325
7 years$16,884$15,751$14,691$13,700$12,776$10,504
8 years$14,624$13,501$12,459$11,493$10,599$8,439
9 years$12,868$11,755$10,731$9,789$8,926$6,876
10 years$11,463$10,362$9,355$8,439$7,605$5,664
11 years$10,315$9,224$8,236$7,344$6,541$4,705
12 years$9,359$8,279$7,310$6,442$5,668$3,935
13 years$8,550$7,482$6,531$5,687$4,943$3,309
14 years$7,858$6,801$5,868$5,048$4,333$2,795
15 years$7,258$6,213$5,298$4,502$3,815$2,369
16 years$6,734$5,700$4,803$4,031$3,372$2,015
17 years$6,272$5,250$4,371$3,622$2,989$1,717
18 years$5,862$4,851$3,990$3,264$2,658$1,467
19 years$5,495$4,496$3,653$2,950$2,369$1,256
20 years$5,166$4,178$3,352$2,671$2,116$1,076
21 years$4,868$3,891$3,083$2,424$1,894$924
22 years$4,598$3,632$2,842$2,204$1,698$794
23 years$4,352$3,397$2,624$2,008$1,524$683
24 years$4,126$3,183$2,427$1,831$1,370$588
25 years$3,919$2,987$2,248$1,672$1,232$506
26 years$3,728$2,807$2,084$1,529$1,110$436
27 years$3,551$2,642$1,936$1,399$1,001$376
28 years$3,388$2,490$1,799$1,282$903$325
29 years$3,236$2,349$1,675$1,176$815$280
30 years$3,094$2,218$1,560$1,079$737$242
31 years$2,962$2,097$1,454$991$666$209
32 years$2,838$1,984$1,357$911$603$180
33 years$2,722$1,879$1,267$838$545$156
34 years$2,613$1,781$1,184$771$494$135
35 years$2,511$1,689$1,107$709$447$116
36 years$2,414$1,603$1,035$653$405$101
37 years$2,323$1,523$969$602$367$87
38 years$2,237$1,447$907$555$333$75
39 years$2,155$1,376$850$512$302$65
40 years$2,078$1,309$797$472$274$56
41 years$2,005$1,246$747$435$248$49
42 years$1,935$1,187$701$402$225$42
43 years$1,869$1,131$658$371$205$36
44 years$1,806$1,078$617$342$186$31
45 years$1,746$1,028$580$316$169$27
46 years$1,689$981$544$292$153$23
47 years$1,634$936$511$270$139$20
48 years$1,582$893$481$249$126$18
49 years$1,532$853$452$231$115$15
50 years$1,484$815$425$213$104$13

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 $5,973 every year, while hoping to spend $46,990 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: 74/11/15 Blend
39$1,520,000$1,520,000$1,520,000$1,520,000
40$1,681,201$1,600,641$1,577,081$1,799,642
41$1,802,687$1,629,076$1,579,916$1,907,255
42$1,934,989$1,657,328$1,581,272$2,018,750
43$2,079,161$1,685,341$1,581,048$2,139,657
44$2,236,364$1,713,051$1,579,141$2,270,898
45$2,407,872$1,740,390$1,575,441$2,413,490
46$2,595,092$1,767,285$1,569,835$2,568,551
47$2,799,568$1,793,660$1,562,202$2,737,316
48$3,023,005$1,819,429$1,552,416$2,921,143
49$3,267,275$1,844,505$1,540,346$3,121,531
50$3,534,442$1,868,791$1,525,853$3,340,129
51$3,826,778$1,892,185$1,508,792$3,578,757
52$4,146,786$1,914,578$1,489,012$3,839,418
53$4,497,218$1,935,853$1,466,355$4,124,322
54$4,881,110$1,955,885$1,440,653$4,435,901
55$5,301,802$1,974,542$1,411,734$4,776,839
56$5,762,973$1,991,681$1,379,414$5,150,091
57$6,268,675$2,007,153$1,343,504$5,558,915
58$6,823,373$2,020,797$1,303,804$6,006,902
59$7,431,981$2,032,440$1,260,106$6,498,009
60$8,099,916$2,041,902$1,212,191$7,036,596
61$8,833,140$2,048,988$1,159,833$7,627,470
62$9,638,225$2,053,493$1,102,792$8,275,930
63$10,522,408$2,055,198$1,040,819$8,987,812
64$11,493,662$2,053,871$973,655$9,769,552
65$12,560,769$2,049,264$901,026$10,628,242
66$13,733,406$2,041,117$822,649$11,571,699
67$15,022,233$2,029,151$738,227$12,608,536
68$16,438,992$2,013,071$647,449$13,748,250
69$17,996,623$1,992,565$549,992$15,001,305
70$19,709,378$1,967,300$445,517$16,379,233
71$21,592,964$1,936,927$333,671$17,894,748
72$23,664,681$1,901,072$214,084$19,561,859
73$25,943,595$1,859,341$86,372$21,396,008
74$28,450,709$1,811,316$0$23,414,212
75$31,209,166$1,756,555$0$25,643,219
76$34,244,465$1,694,590$0$28,110,982
77$37,584,702$1,624,926$0$30,826,517
78$41,260,832$1,547,039$0$33,815,008
79$45,306,967$1,460,373$0$37,104,206
80$49,760,689$1,364,343$0$40,724,693
81$54,663,412$1,258,328$0$44,710,167
82$60,060,767$1,141,673$0$49,097,765
83$66,003,036$1,013,686$0$53,928,410
84$72,545,622$873,633$0$59,247,197
85$79,749,576$720,741$0$65,103,822
86$87,682,168$554,194$0$71,553,048
87$96,417,526$373,126$0$78,655,225
88$106,037,332$176,627$0$86,476,857
89$116,631,592$0$0$95,091,231
90$128,299,488$0$0$104,583,499
91$141,150,311$0$0$115,061,760
92$155,304,493$0$0$126,602,842
93$170,894,742$0$0$139,314,965
94$188,067,295$0$0$153,317,381
95$206,983,300$0$0$168,741,501
96$227,820,331$0$0$185,732,132
97$250,774,069$0$0$204,448,846
98$276,060,143$0$0$225,067,483
99$303,916,172$0$0$247,781,815
100$334,603,999$0$0$272,805,369