Can I retire at age 40 with 1,530,000?

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$126,346$125,221$124,123$123,051$122,004$120,982
2 years$62,548$61,383$60,254$59,159$58,097$57,067
3 years$41,284$40,114$38,988$37,904$36,859$35,853
4 years$30,655$29,488$28,373$27,308$26,288$25,314
5 years$24,278$23,119$22,019$20,975$19,984$19,044
6 years$20,029$18,878$17,795$16,774$15,813$14,908
7 years$16,995$15,854$14,787$13,791$12,860$11,991
8 years$14,721$13,590$12,541$11,569$10,669$9,836
9 years$12,952$11,832$10,801$9,854$8,984$8,188
10 years$11,539$10,430$9,417$8,494$7,655$6,894
11 years$10,383$9,285$8,291$7,392$6,584$5,857
12 years$9,420$8,334$7,358$6,484$5,705$5,013
13 years$8,606$7,531$6,574$5,725$4,975$4,316
14 years$7,910$6,846$5,906$5,082$4,361$3,735
15 years$7,306$6,254$5,333$4,532$3,840$3,245
16 years$6,778$5,738$4,835$4,058$3,394$2,830
17 years$6,313$5,284$4,399$3,646$3,009$2,475
18 years$5,901$4,883$4,016$3,286$2,676$2,170
19 years$5,532$4,525$3,677$2,969$2,385$1,907
20 years$5,200$4,205$3,374$2,689$2,130$1,679
21 years$4,900$3,917$3,104$2,440$1,906$1,481
22 years$4,628$3,656$2,860$2,219$1,709$1,308
23 years$4,380$3,420$2,641$2,021$1,534$1,157
24 years$4,153$3,204$2,443$1,843$1,379$1,024
25 years$3,945$3,007$2,262$1,683$1,241$907
26 years$3,752$2,826$2,098$1,539$1,117$805
27 years$3,575$2,660$1,948$1,409$1,007$714
28 years$3,410$2,506$1,811$1,291$909$634
29 years$3,257$2,364$1,686$1,184$821$564
30 years$3,114$2,233$1,570$1,086$742$501
31 years$2,981$2,111$1,464$998$671$446
32 years$2,857$1,997$1,366$917$607$397
33 years$2,740$1,891$1,275$843$549$353
34 years$2,630$1,793$1,191$776$497$315
35 years$2,527$1,700$1,114$714$450$280
36 years$2,430$1,614$1,042$658$408$250
37 years$2,338$1,533$975$606$370$223
38 years$2,252$1,457$913$559$335$198
39 years$2,170$1,385$856$515$304$177
40 years$2,092$1,318$802$475$276$158
41 years$2,018$1,254$752$438$250$141
42 years$1,948$1,195$705$404$227$125
43 years$1,881$1,138$662$373$206$112
44 years$1,818$1,085$621$345$187$100
45 years$1,757$1,035$583$318$170$89
46 years$1,700$987$548$294$154$79
47 years$1,645$942$515$272$140$71
48 years$1,592$899$484$251$127$63
49 years$1,542$859$455$232$115$56
50 years$1,494$820$428$214$105$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,530,000, adding $2,079 every year, while hoping to spend $34,469 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: 50/29/21 Blend
39$1,530,000$1,530,000$1,530,000$1,530,000
40$1,688,204$1,607,114$1,583,399$1,762,599
41$1,823,727$1,649,188$1,599,769$1,856,428
42$1,971,917$1,692,169$1,615,531$1,954,660
43$2,134,031$1,736,063$1,630,630$2,060,701
44$2,311,451$1,780,879$1,645,005$2,175,302
45$2,505,700$1,826,624$1,658,594$2,299,290
46$2,718,455$1,873,302$1,671,330$2,433,577
47$2,951,562$1,920,918$1,683,144$2,579,166
48$3,207,054$1,969,476$1,693,962$2,737,162
49$3,487,171$2,018,978$1,703,707$2,908,784
50$3,794,379$2,069,424$1,712,298$3,095,374
51$4,131,396$2,120,816$1,719,650$3,298,410
52$4,501,212$2,173,150$1,725,673$3,519,520
53$4,907,125$2,226,424$1,730,272$3,760,500
54$5,352,766$2,280,632$1,733,350$4,023,328
55$5,842,132$2,335,768$1,734,801$4,310,181
56$6,379,630$2,391,821$1,734,518$4,623,462
57$6,970,114$2,448,782$1,732,386$4,965,817
58$7,618,930$2,506,636$1,728,285$5,340,161
59$8,331,967$2,565,368$1,722,089$5,749,708
60$9,115,715$2,624,958$1,713,666$6,198,000
61$9,977,323$2,685,386$1,702,879$6,688,938
62$10,924,667$2,746,627$1,689,583$7,226,824
63$11,966,425$2,808,653$1,673,625$7,816,398
64$13,112,155$2,871,433$1,654,847$8,462,883
65$14,372,393$2,934,931$1,633,082$9,172,038
66$15,758,744$2,999,109$1,608,157$9,950,206
67$17,283,993$3,063,923$1,579,888$10,804,381
68$18,962,230$3,129,325$1,548,084$11,742,271
69$20,808,979$3,195,263$1,512,546$12,772,368
70$22,841,343$3,261,679$1,473,064$13,904,035
71$25,078,168$3,328,510$1,429,420$15,147,589
72$27,540,221$3,395,686$1,381,385$16,514,402
73$30,250,381$3,463,132$1,328,719$18,017,006
74$33,233,860$3,530,766$1,271,172$19,669,214
75$36,518,440$3,598,500$1,208,482$21,486,249
76$40,134,731$3,666,236$1,140,376$23,484,889
77$44,116,463$3,733,871$1,066,568$25,683,627
78$48,500,803$3,801,292$986,759$28,102,842
79$53,328,706$3,868,377$900,637$30,764,996
80$58,645,302$3,934,994$807,876$33,694,845
81$64,500,318$4,001,004$708,135$36,919,672
82$70,948,551$4,066,254$601,058$40,469,547
83$78,050,383$4,130,581$486,274$44,377,611
84$85,872,353$4,193,810$363,394$48,680,389
85$94,487,780$4,255,753$232,015$53,418,135
86$103,977,458$4,316,210$91,712$58,635,216
87$114,430,419$4,374,964$0$64,380,525
88$125,944,771$4,431,787$0$70,720,951
89$138,628,623$4,486,430$0$77,725,658
90$152,601,110$4,538,632$0$85,439,637
91$167,993,510$4,588,112$0$93,935,137
92$184,950,487$4,634,569$0$103,291,776
93$203,631,459$4,677,684$0$113,597,294
94$224,212,093$4,717,117$0$124,948,380
95$246,885,975$4,752,504$0$137,451,589
96$271,866,427$4,783,459$0$151,224,341
97$299,388,524$4,809,570$0$166,396,039
98$329,711,314$4,830,400$0$183,109,283
99$363,120,262$4,845,483$0$201,521,222
100$399,929,941$4,854,324$0$221,805,034