Can I retire at age 40 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$128,823$127,676$126,556$125,464$124,397$122,538
2 years$63,774$62,586$61,435$60,319$59,236$57,368
3 years$42,094$40,901$39,753$38,647$37,582$35,762
4 years$31,256$30,066$28,930$27,843$26,804$25,046
5 years$24,754$23,572$22,451$21,386$20,376$18,686
6 years$20,422$19,249$18,143$17,103$16,123$14,502
7 years$17,328$16,165$15,077$14,061$13,112$11,561
8 years$15,009$13,856$12,787$11,795$10,878$9,397
9 years$13,206$12,064$11,013$10,047$9,161$7,749
10 years$11,765$10,634$9,602$8,661$7,805$6,461
11 years$10,586$9,467$8,453$7,537$6,713$5,436
12 years$9,605$8,497$7,502$6,611$5,817$4,605
13 years$8,775$7,679$6,702$5,837$5,073$3,924
14 years$8,065$6,980$6,022$5,181$4,447$3,359
15 years$7,449$6,376$5,437$4,621$3,915$2,888
16 years$6,911$5,850$4,930$4,137$3,460$2,490
17 years$6,437$5,388$4,486$3,717$3,068$2,154
18 years$6,016$4,979$4,095$3,350$2,728$1,867
19 years$5,640$4,614$3,749$3,027$2,432$1,622
20 years$5,302$4,288$3,440$2,742$2,172$1,411
21 years$4,996$3,994$3,164$2,488$1,944$1,230
22 years$4,719$3,728$2,917$2,262$1,742$1,073
23 years$4,466$3,487$2,693$2,060$1,564$937
24 years$4,235$3,267$2,491$1,879$1,406$820
25 years$4,022$3,066$2,307$1,716$1,265$717
26 years$3,826$2,881$2,139$1,569$1,139$628
27 years$3,645$2,712$1,987$1,436$1,027$550
28 years$3,477$2,555$1,847$1,316$927$483
29 years$3,321$2,411$1,719$1,207$837$423
30 years$3,175$2,276$1,601$1,108$756$372
31 years$3,040$2,152$1,492$1,017$684$326
32 years$2,913$2,036$1,392$935$618$286
33 years$2,794$1,928$1,300$860$560$252
34 years$2,682$1,828$1,215$791$507$221
35 years$2,577$1,733$1,136$728$459$194
36 years$2,478$1,645$1,062$671$416$171
37 years$2,384$1,563$994$618$377$150
38 years$2,296$1,485$931$569$342$132
39 years$2,212$1,412$872$525$310$116
40 years$2,133$1,344$818$484$281$102
41 years$2,058$1,279$767$447$255$90
42 years$1,986$1,218$719$412$231$79
43 years$1,918$1,161$675$381$210$70
44 years$1,854$1,106$634$351$191$61
45 years$1,792$1,055$595$325$173$54
46 years$1,733$1,006$559$300$157$47
47 years$1,677$960$525$277$143$42
48 years$1,623$917$493$256$130$37
49 years$1,572$875$464$237$118$32
50 years$1,523$836$436$219$107$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,560,000, adding $4,568 every year, while hoping to spend $22,198 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: 89/6/5 Blend
39$1,560,000$1,560,000$1,560,000$1,560,000
40$1,723,832$1,641,152$1,616,972$1,877,101
41$1,876,044$1,697,950$1,647,522$2,034,244
42$2,043,038$1,756,787$1,678,351$2,203,396
43$2,226,298$1,817,740$1,709,446$2,388,650
44$2,427,459$1,880,887$1,740,791$2,591,615
45$2,648,322$1,946,313$1,772,370$2,814,060
46$2,890,871$2,014,102$1,804,164$3,057,937
47$3,157,290$2,084,344$1,836,154$3,325,393
48$3,449,989$2,157,131$1,868,320$3,618,795
49$3,771,618$2,232,561$1,900,639$3,940,748
50$4,125,100$2,310,734$1,933,088$4,294,124
51$4,513,654$2,391,753$1,965,640$4,682,085
52$4,940,825$2,475,728$1,998,268$5,108,115
53$5,410,522$2,562,771$2,030,942$5,576,050
54$5,927,048$2,653,000$2,063,632$6,090,120
55$6,495,147$2,746,536$2,096,303$6,654,982
56$7,120,043$2,843,508$2,128,920$7,275,766
57$7,807,493$2,944,046$2,161,445$7,958,125
58$8,563,842$3,048,289$2,193,838$8,708,288
59$9,396,078$3,156,379$2,226,056$9,533,117
60$10,311,902$3,268,465$2,258,052$10,440,171
61$11,319,798$3,384,702$2,289,779$11,437,779
62$12,429,117$3,505,252$2,321,186$12,535,119
63$13,650,159$3,630,282$2,352,218$13,742,301
64$14,994,275$3,759,966$2,382,818$15,070,468
65$16,473,974$3,894,486$2,412,924$16,531,893
66$18,103,035$4,034,032$2,442,473$18,140,103
67$19,896,645$4,178,800$2,471,396$19,910,000
68$21,871,536$4,328,995$2,499,622$21,858,006
69$24,046,148$4,484,831$2,527,075$24,002,213
70$26,440,798$4,646,530$2,553,674$26,362,558
71$29,077,873$4,814,323$2,579,335$28,961,009
72$31,982,043$4,988,452$2,603,970$31,821,774
73$35,180,492$5,169,167$2,627,484$34,971,524
74$38,703,176$5,356,731$2,649,779$38,439,651
75$42,583,104$5,551,414$2,670,750$42,258,541
76$46,856,649$5,753,501$2,690,289$46,463,881
77$51,563,892$5,963,288$2,708,278$51,094,995
78$56,749,002$6,181,082$2,724,599$56,195,215
79$62,460,649$6,407,204$2,739,122$61,812,291
80$68,752,467$6,641,989$2,751,714$67,998,839
81$75,683,557$6,885,784$2,762,234$74,812,839
82$83,319,045$7,138,953$2,770,534$82,318,181
83$91,730,699$7,401,874$2,776,459$90,585,271
84$100,997,605$7,674,940$2,779,846$99,691,691
85$111,206,913$7,958,564$2,780,522$109,722,931
86$122,454,658$8,253,173$2,778,309$120,773,200
87$134,846,669$8,559,215$2,773,018$132,946,312
88$148,499,566$8,877,154$2,764,452$146,356,665
89$163,541,863$9,207,475$2,752,402$161,130,322
90$180,115,178$9,550,686$2,736,652$177,406,199
91$198,375,570$9,907,314$2,716,974$195,337,380
92$218,495,014$10,277,908$2,693,129$215,092,557
93$240,663,024$10,663,044$2,664,867$236,857,622
94$265,088,438$11,063,319$2,631,926$260,837,427
95$292,001,395$11,479,358$2,594,031$287,257,711
96$321,655,502$11,911,811$2,550,896$316,367,235
97$354,330,232$12,361,359$2,502,220$348,440,127
98$390,333,560$12,828,709$2,447,688$383,778,471
99$430,004,868$13,314,602$2,386,972$422,715,157
100$473,718,155$13,819,807$2,319,725$465,617,026