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

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$125,520$124,402$123,311$122,247$121,207$118,906
2 years$62,139$60,981$59,860$58,772$57,718$55,408
3 years$41,014$39,852$38,733$37,656$36,618$34,373
4 years$30,454$29,295$28,188$27,129$26,117$23,952
5 years$24,120$22,968$21,875$20,838$19,853$17,776
6 years$19,898$18,755$17,678$16,664$15,709$13,721
7 years$16,884$15,751$14,691$13,700$12,776$10,878
8 years$14,624$13,501$12,459$11,493$10,599$8,790
9 years$12,868$11,755$10,731$9,789$8,926$7,206
10 years$11,463$10,362$9,355$8,439$7,605$5,972
11 years$10,315$9,224$8,236$7,344$6,541$4,992
12 years$9,359$8,279$7,310$6,442$5,668$4,202
13 years$8,550$7,482$6,531$5,687$4,943$3,557
14 years$7,858$6,801$5,868$5,048$4,333$3,025
15 years$7,258$6,213$5,298$4,502$3,815$2,582
16 years$6,734$5,700$4,803$4,031$3,372$2,211
17 years$6,272$5,250$4,371$3,622$2,989$1,899
18 years$5,862$4,851$3,990$3,264$2,658$1,634
19 years$5,495$4,496$3,653$2,950$2,369$1,409
20 years$5,166$4,178$3,352$2,671$2,116$1,217
21 years$4,868$3,891$3,083$2,424$1,894$1,053
22 years$4,598$3,632$2,842$2,204$1,698$911
23 years$4,352$3,397$2,624$2,008$1,524$790
24 years$4,126$3,183$2,427$1,831$1,370$685
25 years$3,919$2,987$2,248$1,672$1,232$595
26 years$3,728$2,807$2,084$1,529$1,110$517
27 years$3,551$2,642$1,936$1,399$1,001$449
28 years$3,388$2,490$1,799$1,282$903$391
29 years$3,236$2,349$1,675$1,176$815$340
30 years$3,094$2,218$1,560$1,079$737$296
31 years$2,962$2,097$1,454$991$666$258
32 years$2,838$1,984$1,357$911$603$225
33 years$2,722$1,879$1,267$838$545$196
34 years$2,613$1,781$1,184$771$494$170
35 years$2,511$1,689$1,107$709$447$149
36 years$2,414$1,603$1,035$653$405$129
37 years$2,323$1,523$969$602$367$113
38 years$2,237$1,447$907$555$333$98
39 years$2,155$1,376$850$512$302$86
40 years$2,078$1,309$797$472$274$75
41 years$2,005$1,246$747$435$248$65
42 years$1,935$1,187$701$402$225$57
43 years$1,869$1,131$658$371$205$50
44 years$1,806$1,078$617$342$186$43
45 years$1,746$1,028$580$316$169$38
46 years$1,689$981$544$292$153$33
47 years$1,634$936$511$270$139$29
48 years$1,582$893$481$249$126$25
49 years$1,532$853$452$231$115$22
50 years$1,484$815$425$213$104$19

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 $5,995 every year, while hoping to spend $27,548 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: 69/15/16 Blend
39$1,520,000$1,520,000$1,520,000$1,520,000
40$1,681,224$1,600,664$1,577,104$1,790,510
41$1,823,398$1,649,786$1,600,626$1,913,184
42$1,979,150$1,700,391$1,624,013$2,043,522
43$2,149,837$1,752,523$1,647,231$2,185,430
44$2,336,952$1,806,228$1,670,244$2,340,046
45$2,542,138$1,861,551$1,693,015$2,508,620
46$2,767,209$1,918,540$1,715,504$2,692,532
47$3,014,159$1,977,243$1,737,667$2,893,299
48$3,285,185$2,037,710$1,759,461$3,112,593
49$3,582,709$2,099,993$1,780,838$3,352,255
50$3,909,397$2,164,144$1,801,748$3,614,312
51$4,268,187$2,230,218$1,822,138$3,900,999
52$4,662,314$2,298,271$1,841,952$4,214,774
53$5,095,344$2,368,360$1,861,131$4,558,349
54$5,571,203$2,440,544$1,879,613$4,934,708
55$6,094,218$2,514,882$1,897,332$5,347,140
56$6,669,155$2,591,438$1,914,219$5,799,268
57$7,301,265$2,670,276$1,930,202$6,295,082
58$7,996,334$2,751,459$1,945,204$6,838,980
59$8,760,736$2,835,057$1,959,144$7,435,805
60$9,601,494$2,921,137$1,971,938$8,090,895
61$10,526,344$3,009,770$1,983,496$8,810,128
62$11,543,812$3,101,030$1,993,724$9,599,984
63$12,663,291$3,194,991$2,002,524$10,467,601
64$13,895,130$3,291,729$2,009,792$11,420,842
65$15,250,733$3,391,323$2,015,419$12,468,373
66$16,742,664$3,493,853$2,019,292$13,619,743
67$18,384,766$3,599,403$2,021,289$14,885,470
68$20,192,295$3,708,057$2,021,285$16,277,147
69$22,182,059$3,819,902$2,019,148$17,807,546
70$24,372,579$3,935,026$2,014,739$19,490,742
71$26,784,262$4,053,523$2,007,913$21,342,243
72$29,439,596$4,175,484$1,998,517$23,379,137
73$32,363,359$4,301,007$1,986,391$25,620,254
74$35,582,854$4,430,190$1,971,369$28,086,344
75$39,128,169$4,563,133$1,953,273$30,800,271
76$43,032,456$4,699,940$1,931,922$33,787,228
77$47,332,247$4,840,717$1,907,121$37,074,980
78$52,067,796$4,985,572$1,878,669$40,694,120
79$57,283,462$5,134,616$1,846,356$44,678,358
80$63,028,126$5,287,963$1,809,960$49,064,846
81$69,355,651$5,445,730$1,769,250$53,894,519
82$76,325,391$5,608,034$1,723,983$59,212,489
83$84,002,752$5,774,998$1,673,907$65,068,465
84$92,459,807$5,946,748$1,618,758$71,517,228
85$101,775,978$6,123,409$1,558,257$78,619,143
86$112,038,784$6,305,112$1,492,115$86,440,729
87$123,344,669$6,491,992$1,420,029$95,055,293
88$135,799,909$6,684,183$1,341,684$104,543,614
89$149,521,617$6,881,825$1,256,747$114,994,710
90$164,638,847$7,085,060$1,164,874$126,506,677
91$181,293,815$7,294,034$1,065,703$139,187,615
92$199,643,237$7,508,894$958,857$153,156,650
93$219,859,810$7,729,792$843,941$168,545,056
94$242,133,841$7,956,883$720,544$185,497,497
95$266,675,046$8,190,323$588,235$204,173,388
96$293,714,525$8,430,274$446,566$224,748,407
97$323,506,949$8,676,899$295,067$247,416,147
98$356,332,956$8,930,365$133,250$272,389,947
99$392,501,807$9,190,843$0$299,904,905
100$432,354,302$9,458,505$0$330,226,830