Can I retire at age 40 with 1,550,000?

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$127,998$126,857$125,745$124,659$123,599$119,931
2 years$63,365$62,185$61,041$59,932$58,857$55,191
3 years$41,824$40,639$39,498$38,399$37,341$33,794
4 years$31,055$29,874$28,744$27,664$26,632$23,229
5 years$24,596$23,421$22,307$21,249$20,245$16,997
6 years$20,291$19,125$18,027$16,993$16,019$12,928
7 years$17,217$16,061$14,981$13,971$13,028$10,094
8 years$14,913$13,768$12,705$11,720$10,808$8,029
9 years$13,122$11,987$10,943$9,983$9,102$6,475
10 years$11,690$10,566$9,540$8,605$7,755$5,277
11 years$10,519$9,406$8,399$7,489$6,670$4,336
12 years$9,543$8,443$7,454$6,569$5,780$3,586
13 years$8,719$7,630$6,659$5,799$5,040$2,981
14 years$8,013$6,935$5,984$5,148$4,418$2,489
15 years$7,402$6,335$5,402$4,591$3,890$2,085
16 years$6,867$5,813$4,898$4,111$3,438$1,751
17 years$6,396$5,353$4,457$3,694$3,048$1,475
18 years$5,978$4,947$4,069$3,329$2,711$1,244
19 years$5,604$4,584$3,725$3,008$2,416$1,051
20 years$5,268$4,260$3,418$2,724$2,158$890
21 years$4,964$3,968$3,144$2,472$1,931$754
22 years$4,689$3,704$2,898$2,248$1,731$639
23 years$4,437$3,464$2,676$2,047$1,554$542
24 years$4,207$3,246$2,475$1,867$1,397$461
25 years$3,996$3,046$2,292$1,705$1,257$391
26 years$3,801$2,863$2,126$1,559$1,132$333
27 years$3,621$2,694$1,974$1,427$1,021$283
28 years$3,455$2,539$1,835$1,308$921$241
29 years$3,300$2,395$1,708$1,199$832$205
30 years$3,155$2,262$1,591$1,100$751$174
31 years$3,020$2,138$1,483$1,011$679$149
32 years$2,894$2,023$1,383$929$615$126
33 years$2,776$1,916$1,292$854$556$108
34 years$2,665$1,816$1,207$786$504$92
35 years$2,560$1,722$1,128$723$456$78
36 years$2,462$1,635$1,056$666$413$67
37 years$2,369$1,553$988$614$374$57
38 years$2,281$1,476$925$566$340$48
39 years$2,198$1,403$867$522$308$41
40 years$2,119$1,335$813$481$279$35
41 years$2,044$1,271$762$444$253$30
42 years$1,973$1,210$715$410$230$26
43 years$1,906$1,153$671$378$209$22
44 years$1,842$1,099$629$349$189$19
45 years$1,780$1,048$591$323$172$16
46 years$1,722$1,000$555$298$156$13
47 years$1,666$954$522$275$142$11
48 years$1,613$911$490$254$129$10
49 years$1,562$870$461$235$117$8
50 years$1,513$831$433$217$106$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,550,000, adding $6,769 every year, while hoping to spend $51,073 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: 74/6/20 Blend
39$1,550,000$1,550,000$1,550,000$1,550,000
40$1,715,082$1,632,932$1,608,907$1,833,359
41$1,835,679$1,658,605$1,608,464$1,938,447
42$1,966,866$1,683,823$1,606,295$2,046,712
43$2,109,667$1,708,512$1,602,287$2,164,039
44$2,265,213$1,732,589$1,596,324$2,291,322
45$2,434,746$1,755,967$1,588,282$2,429,542
46$2,619,634$1,778,553$1,578,033$2,579,782
47$2,821,381$1,800,247$1,565,442$2,743,236
48$3,041,645$1,820,942$1,550,367$2,921,219
49$3,282,249$1,840,524$1,532,660$3,115,180
50$3,545,200$1,858,872$1,512,166$3,326,717
51$3,832,710$1,875,856$1,488,723$3,557,591
52$4,147,212$1,891,338$1,462,161$3,809,744
53$4,491,385$1,905,171$1,432,300$4,085,314
54$4,868,180$1,917,198$1,398,956$4,386,659
55$5,280,846$1,927,253$1,361,934$4,716,378
56$5,732,963$1,935,158$1,321,028$5,077,337
57$6,228,469$1,940,725$1,276,026$5,472,693
58$6,771,705$1,943,753$1,226,706$5,905,927
59$7,367,451$1,944,029$1,172,833$6,380,874
60$8,020,972$1,941,327$1,114,163$6,901,765
61$8,738,066$1,935,407$1,050,443$7,473,260
62$9,525,121$1,926,014$981,405$8,100,497
63$10,389,172$1,912,878$906,771$8,789,140
64$11,337,970$1,895,711$826,250$9,545,430
65$12,380,052$1,874,210$739,539$10,376,247
66$13,524,824$1,848,053$646,319$11,289,177
67$14,782,644$1,816,896$546,260$12,292,578
68$16,164,929$1,780,379$439,014$13,395,664
69$17,684,253$1,738,118$324,222$14,608,591
70$19,354,467$1,689,707$201,504$15,942,553
71$21,190,837$1,634,716$70,468$17,409,887
72$23,210,175$1,572,691$0$19,024,193
73$25,431,009$1,503,149$0$20,815,263
74$27,873,750$1,425,581$0$22,801,826
75$30,560,887$1,339,449$0$24,987,133
76$33,517,199$1,244,183$0$27,391,352
77$36,769,986$1,139,181$0$30,036,710
78$40,349,330$1,023,806$0$32,947,696
79$44,288,374$897,385$0$36,151,295
80$48,623,637$759,206$0$39,677,242
81$53,395,360$608,519$0$43,558,305
82$58,647,881$444,530$0$47,830,589
83$64,430,053$266,401$0$52,533,882
84$70,795,710$73,246$0$57,712,025
85$77,804,168$0$0$63,413,331
86$85,520,789$0$0$69,700,008
87$94,017,594$0$0$76,627,708
88$103,373,944$0$0$84,256,308
89$113,677,288$0$0$92,657,123
90$125,023,988$0$0$101,908,730
91$137,520,228$0$0$112,097,720
92$151,283,013$0$0$123,319,507
93$166,441,278$0$0$135,679,233
94$183,137,099$0$0$149,292,756
95$201,527,036$0$0$164,287,748
96$221,783,610$0$0$180,804,893
97$244,096,930$0$0$198,999,220
98$268,676,488$0$0$219,041,565
99$295,753,134$0$0$241,120,177
100$325,581,254$0$0$265,442,504