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%12.5%
1 years$125,520$124,402$123,311$122,247$121,207$119,941
2 years$62,139$60,981$59,860$58,772$57,718$56,443
3 years$41,014$39,852$38,733$37,656$36,618$35,374
4 years$30,454$29,295$28,188$27,129$26,117$24,913
5 years$24,120$22,968$21,875$20,838$19,853$18,693
6 years$19,898$18,755$17,678$16,664$15,709$14,594
7 years$16,884$15,751$14,691$13,700$12,776$11,707
8 years$14,624$13,501$12,459$11,493$10,599$9,575
9 years$12,868$11,755$10,731$9,789$8,926$7,947
10 years$11,463$10,362$9,355$8,439$7,605$6,671
11 years$10,315$9,224$8,236$7,344$6,541$5,651
12 years$9,359$8,279$7,310$6,442$5,668$4,821
13 years$8,550$7,482$6,531$5,687$4,943$4,137
14 years$7,858$6,801$5,868$5,048$4,333$3,568
15 years$7,258$6,213$5,298$4,502$3,815$3,090
16 years$6,734$5,700$4,803$4,031$3,372$2,685
17 years$6,272$5,250$4,371$3,622$2,989$2,340
18 years$5,862$4,851$3,990$3,264$2,658$2,045
19 years$5,495$4,496$3,653$2,950$2,369$1,791
20 years$5,166$4,178$3,352$2,671$2,116$1,571
21 years$4,868$3,891$3,083$2,424$1,894$1,380
22 years$4,598$3,632$2,842$2,204$1,698$1,214
23 years$4,352$3,397$2,624$2,008$1,524$1,070
24 years$4,126$3,183$2,427$1,831$1,370$943
25 years$3,919$2,987$2,248$1,672$1,232$833
26 years$3,728$2,807$2,084$1,529$1,110$736
27 years$3,551$2,642$1,936$1,399$1,001$650
28 years$3,388$2,490$1,799$1,282$903$575
29 years$3,236$2,349$1,675$1,176$815$509
30 years$3,094$2,218$1,560$1,079$737$451
31 years$2,962$2,097$1,454$991$666$400
32 years$2,838$1,984$1,357$911$603$354
33 years$2,722$1,879$1,267$838$545$314
34 years$2,613$1,781$1,184$771$494$278
35 years$2,511$1,689$1,107$709$447$247
36 years$2,414$1,603$1,035$653$405$219
37 years$2,323$1,523$969$602$367$194
38 years$2,237$1,447$907$555$333$173
39 years$2,155$1,376$850$512$302$153
40 years$2,078$1,309$797$472$274$136
41 years$2,005$1,246$747$435$248$121
42 years$1,935$1,187$701$402$225$107
43 years$1,869$1,131$658$371$205$95
44 years$1,806$1,078$617$342$186$85
45 years$1,746$1,028$580$316$169$75
46 years$1,689$981$544$292$153$67
47 years$1,634$936$511$270$139$59
48 years$1,582$893$481$249$126$53
49 years$1,532$853$452$231$115$47
50 years$1,484$815$425$213$104$42

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 $5,205 every year, while hoping to spend $42,487 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: 37/34/29 Blend
39$1,520,000$1,520,000$1,520,000$1,520,000
40$1,680,409$1,599,849$1,576,289$1,727,865
41$1,806,605$1,633,036$1,583,889$1,796,677
42$1,944,249$1,666,425$1,590,319$1,866,727
43$2,094,463$1,699,981$1,595,496$1,941,590
44$2,258,485$1,733,666$1,599,332$2,021,729
45$2,437,674$1,767,439$1,601,733$2,107,656
46$2,633,528$1,801,255$1,602,602$2,199,939
47$2,847,696$1,835,065$1,601,838$2,299,200
48$3,081,994$1,868,816$1,599,333$2,406,130
49$3,338,422$1,902,452$1,594,974$2,521,489
50$3,619,180$1,935,912$1,588,645$2,646,119
51$3,926,693$1,969,128$1,580,221$2,780,947
52$4,263,630$2,002,030$1,569,573$2,926,998
53$4,632,932$2,034,541$1,556,566$3,085,403
54$5,037,837$2,066,580$1,541,057$3,257,410
55$5,481,912$2,098,057$1,522,897$3,444,397
56$5,969,083$2,128,878$1,501,930$3,647,886
57$6,503,678$2,158,942$1,477,994$3,869,556
58$7,090,464$2,188,140$1,450,917$4,111,260
59$7,734,689$2,216,357$1,420,520$4,375,044
60$8,442,136$2,243,467$1,386,616$4,663,166
61$9,219,176$2,269,339$1,349,010$4,978,117
62$10,072,826$2,293,831$1,307,496$5,322,647
63$11,010,817$2,316,791$1,261,860$5,699,790
64$12,041,666$2,338,060$1,211,878$6,112,894
65$13,174,755$2,357,464$1,157,315$6,565,654
66$14,420,422$2,374,822$1,097,928$7,062,146
67$15,790,056$2,389,939$1,033,458$7,606,867
68$17,296,202$2,402,606$963,640$8,204,780
69$18,952,686$2,412,605$888,193$8,861,359
70$20,774,737$2,419,700$806,825$9,582,644
71$22,779,137$2,423,642$719,230$10,375,295
72$24,984,376$2,424,167$625,091$11,246,663
73$27,410,824$2,420,994$524,074$12,204,853
74$30,080,929$2,413,823$415,831$13,258,808
75$33,019,421$2,402,338$299,999$14,418,390
76$36,253,552$2,386,202$176,199$15,694,478
77$39,813,348$2,365,060$44,035$17,099,067
78$43,731,895$2,338,533$0$18,645,391
79$48,045,647$2,306,220$0$20,378,059
80$52,794,774$2,267,696$0$22,299,638
81$58,023,540$2,222,512$0$24,414,374
82$63,780,715$2,170,189$0$26,741,984
83$70,120,044$2,110,225$0$29,304,199
84$77,100,747$2,042,083$0$32,124,973
85$84,788,077$1,965,200$0$35,230,710
86$93,253,941$1,878,975$0$38,650,515
87$102,577,574$1,782,775$0$42,416,468
88$112,846,286$1,675,931$0$46,563,929
89$124,156,291$1,557,735$0$51,131,873
90$136,613,605$1,427,437$0$56,163,260
91$150,335,057$1,284,246$0$61,705,441
92$165,449,384$1,127,325$0$67,810,607
93$182,098,446$955,789$0$74,536,284
94$200,438,570$768,704$0$81,945,877
95$220,642,017$565,084$0$90,109,272
96$242,898,616$343,886$0$99,103,494
97$267,417,548$104,010$0$109,013,442
98$294,429,324$0$0$119,932,688
99$324,187,959$0$0$132,022,619
100$356,973,371$0$0$145,385,447