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

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$126,346$125,221$124,123$123,051$122,004$119,103
2 years$62,548$61,383$60,254$59,159$58,097$55,192
3 years$41,284$40,114$38,988$37,904$36,859$34,040
4 years$30,655$29,488$28,373$27,308$26,288$23,576
5 years$24,278$23,119$22,019$20,975$19,984$17,387
6 years$20,029$18,878$17,795$16,774$15,813$13,334
7 years$16,995$15,854$14,787$13,791$12,860$10,500
8 years$14,721$13,590$12,541$11,569$10,669$8,426
9 years$12,952$11,832$10,801$9,854$8,984$6,857
10 years$11,539$10,430$9,417$8,494$7,655$5,641
11 years$10,383$9,285$8,291$7,392$6,584$4,680
12 years$9,420$8,334$7,358$6,484$5,705$3,909
13 years$8,606$7,531$6,574$5,725$4,975$3,282
14 years$7,910$6,846$5,906$5,082$4,361$2,769
15 years$7,306$6,254$5,333$4,532$3,840$2,344
16 years$6,778$5,738$4,835$4,058$3,394$1,990
17 years$6,313$5,284$4,399$3,646$3,009$1,694
18 years$5,901$4,883$4,016$3,286$2,676$1,445
19 years$5,532$4,525$3,677$2,969$2,385$1,235
20 years$5,200$4,205$3,374$2,689$2,130$1,057
21 years$4,900$3,917$3,104$2,440$1,906$906
22 years$4,628$3,656$2,860$2,219$1,709$777
23 years$4,380$3,420$2,641$2,021$1,534$667
24 years$4,153$3,204$2,443$1,843$1,379$574
25 years$3,945$3,007$2,262$1,683$1,241$493
26 years$3,752$2,826$2,098$1,539$1,117$424
27 years$3,575$2,660$1,948$1,409$1,007$365
28 years$3,410$2,506$1,811$1,291$909$315
29 years$3,257$2,364$1,686$1,184$821$271
30 years$3,114$2,233$1,570$1,086$742$234
31 years$2,981$2,111$1,464$998$671$201
32 years$2,857$1,997$1,366$917$607$174
33 years$2,740$1,891$1,275$843$549$150
34 years$2,630$1,793$1,191$776$497$129
35 years$2,527$1,700$1,114$714$450$112
36 years$2,430$1,614$1,042$658$408$96
37 years$2,338$1,533$975$606$370$83
38 years$2,252$1,457$913$559$335$72
39 years$2,170$1,385$856$515$304$62
40 years$2,092$1,318$802$475$276$53
41 years$2,018$1,254$752$438$250$46
42 years$1,948$1,195$705$404$227$40
43 years$1,881$1,138$662$373$206$34
44 years$1,818$1,085$621$345$187$30
45 years$1,757$1,035$583$318$170$26
46 years$1,700$987$548$294$154$22
47 years$1,645$942$515$272$140$19
48 years$1,592$899$484$251$127$16
49 years$1,542$859$455$232$115$14
50 years$1,494$820$428$214$105$12

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 $6,850 every year, while hoping to spend $33,228 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: 68/8/24 Blend
39$1,530,000$1,530,000$1,530,000$1,530,000
40$1,693,126$1,612,036$1,588,321$1,797,435
41$1,830,470$1,655,671$1,606,175$1,911,896
42$1,980,710$1,700,331$1,623,514$2,032,619
43$2,145,126$1,746,031$1,640,285$2,163,914
44$2,325,127$1,792,784$1,656,433$2,306,825
45$2,522,266$1,840,607$1,671,900$2,462,502
46$2,738,253$1,889,512$1,686,623$2,632,212
47$2,974,969$1,939,513$1,700,540$2,817,352
48$3,234,490$1,990,623$1,713,582$3,019,459
49$3,519,097$2,042,853$1,725,676$3,240,228
50$3,831,308$2,096,215$1,736,749$3,481,527
51$4,173,891$2,150,720$1,746,720$3,745,413
52$4,549,900$2,206,377$1,755,507$4,034,152
53$4,962,695$2,263,194$1,763,022$4,350,243
54$5,415,979$2,321,180$1,769,173$4,696,440
55$5,913,832$2,380,341$1,773,863$5,075,774
56$6,460,746$2,440,681$1,776,990$5,491,589
57$7,061,672$2,502,205$1,778,450$5,947,569
58$7,722,064$2,564,914$1,778,129$6,447,771
59$8,447,929$2,628,809$1,775,910$6,996,671
60$9,245,885$2,693,888$1,771,671$7,599,196
61$10,123,226$2,760,149$1,765,283$8,260,779
62$11,087,984$2,827,586$1,756,609$8,987,407
63$12,149,012$2,896,191$1,745,509$9,785,676
64$13,316,062$2,965,955$1,731,834$10,662,858
65$14,599,878$3,036,864$1,715,428$11,626,965
66$16,012,298$3,108,903$1,696,128$12,686,825
67$17,566,368$3,182,055$1,673,763$13,852,171
68$19,276,458$3,256,296$1,648,155$15,133,726
69$21,158,405$3,331,602$1,619,116$16,543,307
70$23,229,656$3,407,945$1,586,450$18,093,940
71$25,509,437$3,485,291$1,549,953$19,799,977
72$28,018,932$3,563,602$1,509,409$21,677,238
73$30,781,483$3,642,839$1,464,594$23,743,153
74$33,822,810$3,722,953$1,415,273$26,016,936
75$37,171,252$3,803,894$1,361,201$28,519,757
76$40,858,040$3,885,604$1,302,120$31,274,951
77$44,917,582$3,968,021$1,237,764$34,308,231
78$49,387,796$4,051,075$1,167,849$37,647,936
79$54,310,463$4,134,690$1,092,085$41,325,295
80$59,731,624$4,218,783$1,010,163$45,374,728
81$65,702,010$4,303,264$921,764$49,834,163
82$72,277,525$4,388,033$826,553$54,745,402
83$79,519,770$4,472,985$724,180$60,154,510
84$87,496,628$4,558,002$614,281$66,112,257
85$96,282,899$4,642,960$496,475$72,674,589
86$105,961,011$4,727,720$370,362$79,903,166
87$116,621,793$4,812,138$235,529$87,865,936
88$128,365,338$4,896,054$91,541$96,637,783
89$141,301,939$4,979,298$0$106,301,232
90$155,553,139$5,061,686$0$116,963,136
91$171,252,872$5,143,021$0$128,733,864
92$188,548,726$5,223,090$0$141,700,529
93$207,603,341$5,301,667$0$155,984,987
94$228,595,941$5,378,507$0$171,721,518
95$251,724,023$5,453,350$0$189,058,098
96$277,205,225$5,525,916$0$208,157,790
97$305,279,378$5,595,906$0$229,200,289
98$336,210,770$5,663,001$0$252,383,614
99$370,290,641$5,726,861$0$277,925,977
100$407,839,929$5,787,119$0$306,067,846