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%13.2%
1 years$126,346$125,221$124,123$123,051$122,004$120,380
2 years$62,548$61,383$60,254$59,159$58,097$56,463
3 years$41,284$40,114$38,988$37,904$36,859$35,267
4 years$30,655$29,488$28,373$27,308$26,288$24,749
5 years$24,278$23,119$22,019$20,975$19,984$18,503
6 years$20,029$18,878$17,795$16,774$15,813$14,391
7 years$16,995$15,854$14,787$13,791$12,860$11,499
8 years$14,721$13,590$12,541$11,569$10,669$9,367
9 years$12,952$11,832$10,801$9,854$8,984$7,743
10 years$11,539$10,430$9,417$8,494$7,655$6,472
11 years$10,383$9,285$8,291$7,392$6,584$5,458
12 years$9,420$8,334$7,358$6,484$5,705$4,636
13 years$8,606$7,531$6,574$5,725$4,975$3,961
14 years$7,910$6,846$5,906$5,082$4,361$3,400
15 years$7,306$6,254$5,333$4,532$3,840$2,930
16 years$6,778$5,738$4,835$4,058$3,394$2,534
17 years$6,313$5,284$4,399$3,646$3,009$2,198
18 years$5,901$4,883$4,016$3,286$2,676$1,911
19 years$5,532$4,525$3,677$2,969$2,385$1,665
20 years$5,200$4,205$3,374$2,689$2,130$1,453
21 years$4,900$3,917$3,104$2,440$1,906$1,270
22 years$4,628$3,656$2,860$2,219$1,709$1,111
23 years$4,380$3,420$2,641$2,021$1,534$974
24 years$4,153$3,204$2,443$1,843$1,379$854
25 years$3,945$3,007$2,262$1,683$1,241$750
26 years$3,752$2,826$2,098$1,539$1,117$659
27 years$3,575$2,660$1,948$1,409$1,007$579
28 years$3,410$2,506$1,811$1,291$909$509
29 years$3,257$2,364$1,686$1,184$821$448
30 years$3,114$2,233$1,570$1,086$742$395
31 years$2,981$2,111$1,464$998$671$348
32 years$2,857$1,997$1,366$917$607$306
33 years$2,740$1,891$1,275$843$549$270
34 years$2,630$1,793$1,191$776$497$238
35 years$2,527$1,700$1,114$714$450$210
36 years$2,430$1,614$1,042$658$408$185
37 years$2,338$1,533$975$606$370$163
38 years$2,252$1,457$913$559$335$144
39 years$2,170$1,385$856$515$304$127
40 years$2,092$1,318$802$475$276$112
41 years$2,018$1,254$752$438$250$99
42 years$1,948$1,195$705$404$227$87
43 years$1,881$1,138$662$373$206$77
44 years$1,818$1,085$621$345$187$68
45 years$1,757$1,035$583$318$170$60
46 years$1,700$987$548$294$154$53
47 years$1,645$942$515$272$140$47
48 years$1,592$899$484$251$127$41
49 years$1,542$859$455$232$115$37
50 years$1,494$820$428$214$105$32

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 $6,611 every year, while hoping to spend $24,195 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: 44/39/17 Blend
39$1,530,000$1,530,000$1,530,000$1,530,000
40$1,692,879$1,611,789$1,588,074$1,758,784
41$1,839,810$1,665,024$1,615,531$1,858,899
42$2,000,916$1,720,056$1,643,098$1,964,431
43$2,177,619$1,776,948$1,670,751$2,078,302
44$2,371,482$1,835,765$1,698,467$2,201,295
45$2,584,230$1,896,574$1,726,223$2,334,268
46$2,817,760$1,959,444$1,753,990$2,478,166
47$3,074,163$2,024,449$1,781,740$2,634,026
48$3,355,743$2,091,661$1,809,443$2,802,991
49$3,665,036$2,161,160$1,837,066$2,986,317
50$4,004,838$2,233,025$1,864,576$3,185,387
51$4,378,227$2,307,339$1,891,936$3,401,720
52$4,788,596$2,384,189$1,919,106$3,636,991
53$5,239,683$2,463,664$1,946,045$3,893,040
54$5,735,604$2,545,857$1,972,711$4,171,895
55$6,280,895$2,630,863$1,999,056$4,475,786
56$6,880,554$2,718,783$2,025,032$4,807,169
57$7,540,086$2,809,720$2,050,587$5,168,746
58$8,265,560$2,903,781$2,075,666$5,563,494
59$9,063,657$3,001,076$2,100,212$5,994,688
60$9,941,744$3,101,723$2,124,162$6,465,937
61$10,907,933$3,205,839$2,147,453$6,981,212
62$11,971,166$3,313,548$2,170,017$7,544,887
63$13,141,294$3,424,981$2,191,781$8,161,779
64$14,429,170$3,540,269$2,212,670$8,837,191
65$15,846,754$3,659,551$2,232,603$9,576,967
66$17,407,225$3,782,971$2,251,498$10,387,539
67$19,125,104$3,910,678$2,269,264$11,275,994
68$21,016,390$4,042,827$2,285,810$12,250,138
69$23,098,713$4,179,577$2,301,036$13,318,566
70$25,391,501$4,321,096$2,314,840$14,490,750
71$27,916,160$4,467,555$2,327,113$15,777,120
72$30,696,278$4,619,135$2,337,741$17,189,167
73$33,757,847$4,776,022$2,346,604$18,739,549
74$37,129,509$4,938,408$2,353,576$20,442,212
75$40,842,823$5,106,494$2,358,526$22,312,517
76$44,932,568$5,280,489$2,361,313$24,367,387
77$49,437,066$5,460,609$2,361,793$26,625,468
78$54,398,545$5,647,078$2,359,812$29,107,301
79$59,863,541$5,840,129$2,355,210$31,835,517
80$65,883,332$6,040,005$2,347,819$34,835,050
81$72,514,423$6,246,956$2,337,462$38,133,369
82$79,819,081$6,461,244$2,323,954$41,760,741
83$87,865,923$6,683,140$2,307,102$45,750,514
84$96,730,559$6,912,926$2,286,702$50,139,430
85$106,496,311$7,150,895$2,262,541$54,967,973
86$117,254,995$7,397,349$2,234,397$60,280,747
87$129,107,792$7,652,606$2,202,036$66,126,902
88$142,166,196$7,916,993$2,165,214$72,560,590
89$156,553,074$8,190,852$2,123,674$79,641,482
90$172,403,820$8,474,536$2,077,150$87,435,326
91$189,867,635$8,768,414$2,025,361$96,014,569
92$209,108,937$9,072,869$1,968,013$105,459,037
93$230,308,907$9,388,299$1,904,800$115,856,693
94$253,667,207$9,715,116$1,835,402$127,304,460
95$279,403,857$10,053,752$1,759,483$139,909,140
96$307,761,317$10,404,652$1,676,692$153,788,418
97$339,006,774$10,768,283$1,586,664$169,071,973
98$373,434,661$11,145,125$1,489,014$185,902,702
99$411,369,443$11,535,683$1,383,342$204,438,065
100$453,168,673$11,940,478$1,269,231$224,851,574