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

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$128,823$127,676$126,556$125,464$124,397$120,270
2 years$63,774$62,586$61,435$60,319$59,236$55,119
3 years$42,094$40,901$39,753$38,647$37,582$33,603
4 years$31,256$30,066$28,930$27,843$26,804$22,994
5 years$24,754$23,572$22,451$21,386$20,376$16,745
6 years$20,422$19,249$18,143$17,103$16,123$12,674
7 years$17,328$16,165$15,077$14,061$13,112$9,845
8 years$15,009$13,856$12,787$11,795$10,878$7,789
9 years$13,206$12,064$11,013$10,047$9,161$6,248
10 years$11,765$10,634$9,602$8,661$7,805$5,063
11 years$10,586$9,467$8,453$7,537$6,713$4,136
12 years$9,605$8,497$7,502$6,611$5,817$3,400
13 years$8,775$7,679$6,702$5,837$5,073$2,810
14 years$8,065$6,980$6,022$5,181$4,447$2,331
15 years$7,449$6,376$5,437$4,621$3,915$1,940
16 years$6,911$5,850$4,930$4,137$3,460$1,619
17 years$6,437$5,388$4,486$3,717$3,068$1,355
18 years$6,016$4,979$4,095$3,350$2,728$1,135
19 years$5,640$4,614$3,749$3,027$2,432$953
20 years$5,302$4,288$3,440$2,742$2,172$801
21 years$4,996$3,994$3,164$2,488$1,944$674
22 years$4,719$3,728$2,917$2,262$1,742$567
23 years$4,466$3,487$2,693$2,060$1,564$478
24 years$4,235$3,267$2,491$1,879$1,406$403
25 years$4,022$3,066$2,307$1,716$1,265$340
26 years$3,826$2,881$2,139$1,569$1,139$287
27 years$3,645$2,712$1,987$1,436$1,027$242
28 years$3,477$2,555$1,847$1,316$927$205
29 years$3,321$2,411$1,719$1,207$837$173
30 years$3,175$2,276$1,601$1,108$756$146
31 years$3,040$2,152$1,492$1,017$684$123
32 years$2,913$2,036$1,392$935$618$104
33 years$2,794$1,928$1,300$860$560$88
34 years$2,682$1,828$1,215$791$507$75
35 years$2,577$1,733$1,136$728$459$63
36 years$2,478$1,645$1,062$671$416$53
37 years$2,384$1,563$994$618$377$45
38 years$2,296$1,485$931$569$342$38
39 years$2,212$1,412$872$525$310$32
40 years$2,133$1,344$818$484$281$27
41 years$2,058$1,279$767$447$255$23
42 years$1,986$1,218$719$412$231$20
43 years$1,918$1,161$675$381$210$17
44 years$1,854$1,106$634$351$191$14
45 years$1,792$1,055$595$325$173$12
46 years$1,733$1,006$559$300$157$10
47 years$1,677$960$525$277$143$8
48 years$1,623$917$493$256$130$7
49 years$1,572$875$464$237$118$6
50 years$1,523$836$436$219$107$5

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 $2,453 every year, while hoping to spend $57,829 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: 76/18/6 Blend
39$1,560,000$1,560,000$1,560,000$1,560,000
40$1,721,650$1,638,970$1,614,790$1,851,296
41$1,835,729$1,657,750$1,607,356$1,955,584
42$1,959,506$1,675,512$1,597,735$2,062,178
43$2,093,908$1,692,145$1,585,792$2,177,320
44$2,239,957$1,707,531$1,571,387$2,301,833
45$2,398,777$1,721,544$1,554,372$2,436,626
46$2,571,601$1,734,049$1,534,593$2,582,699
47$2,759,791$1,744,903$1,511,888$2,741,153
48$2,964,841$1,753,955$1,486,087$2,913,202
49$3,188,398$1,761,042$1,457,015$3,100,184
50$3,432,274$1,765,993$1,424,484$3,303,572
51$3,698,463$1,768,624$1,388,301$3,524,990
52$3,989,161$1,768,740$1,348,264$3,766,228
53$4,306,783$1,766,137$1,304,159$4,029,257
54$4,653,991$1,760,594$1,255,764$4,316,252
55$5,033,714$1,751,878$1,202,848$4,629,606
56$5,449,176$1,739,743$1,145,166$4,971,960
57$5,903,929$1,723,928$1,082,466$5,346,223
58$6,401,883$1,704,154$1,014,483$5,755,602
59$6,947,345$1,680,127$940,938$6,203,630
60$7,545,057$1,651,536$861,542$6,694,203
61$8,200,242$1,618,050$775,992$7,231,614
62$8,918,651$1,579,319$683,973$7,820,596
63$9,706,621$1,534,973$585,153$8,466,363
64$10,571,129$1,484,620$479,188$9,174,666
65$11,519,862$1,427,843$365,718$9,951,841
66$12,561,285$1,364,205$244,367$10,804,873
67$13,704,725$1,293,240$114,743$11,741,461
68$14,960,455$1,214,457$0$12,770,091
69$16,339,791$1,127,335$0$13,901,627
70$17,855,201$1,031,326$0$15,152,807
71$19,520,418$925,848$0$16,527,669
72$21,350,573$810,287$0$18,038,769
73$23,362,335$683,994$0$19,699,947
74$25,574,068$546,284$0$21,526,452
75$28,006,003$396,433$0$23,535,094
76$30,680,433$233,675$0$25,744,397
77$33,621,915$57,204$0$28,174,778
78$36,857,510$0$0$30,848,737
79$40,417,029$0$0$33,817,582
80$44,333,320$0$0$37,096,532
81$48,642,577$0$0$40,704,565
82$53,384,676$0$0$44,675,079
83$58,603,557$0$0$49,044,873
84$64,347,634$0$0$53,854,493
85$70,670,252$0$0$59,148,617
86$77,630,190$0$0$64,976,472
87$85,292,216$0$0$71,392,301
88$93,727,697$0$0$78,455,874
89$103,015,271$0$0$86,233,050
90$113,241,589$0$0$94,796,400
91$124,502,133$0$0$104,225,891
92$136,902,113$0$0$114,609,638
93$150,557,466$0$0$126,044,738
94$165,595,942$0$0$138,638,182
95$182,158,314$0$0$152,507,870
96$200,399,702$0$0$167,783,716
97$220,491,041$0$0$184,608,881
98$242,620,689$0$0$203,141,115
99$266,996,207$0$0$223,554,255
100$293,846,317$0$0$246,039,856