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%16.8%
1 years$128,823$127,676$126,556$125,464$124,397$120,948
2 years$63,774$62,586$61,435$60,319$59,236$55,788
3 years$42,094$40,901$39,753$38,647$37,582$34,241
4 years$31,256$30,066$28,930$27,843$26,804$23,597
5 years$24,754$23,572$22,451$21,386$20,376$17,311
6 years$20,422$19,249$18,143$17,103$16,123$13,203
7 years$17,328$16,165$15,077$14,061$13,112$10,338
8 years$15,009$13,856$12,787$11,795$10,878$8,247
9 years$13,206$12,064$11,013$10,047$9,161$6,672
10 years$11,765$10,634$9,602$8,661$7,805$5,454
11 years$10,586$9,467$8,453$7,537$6,713$4,496
12 years$9,605$8,497$7,502$6,611$5,817$3,731
13 years$8,775$7,679$6,702$5,837$5,073$3,112
14 years$8,065$6,980$6,022$5,181$4,447$2,607
15 years$7,449$6,376$5,437$4,621$3,915$2,192
16 years$6,911$5,850$4,930$4,137$3,460$1,848
17 years$6,437$5,388$4,486$3,717$3,068$1,561
18 years$6,016$4,979$4,095$3,350$2,728$1,322
19 years$5,640$4,614$3,749$3,027$2,432$1,122
20 years$5,302$4,288$3,440$2,742$2,172$953
21 years$4,996$3,994$3,164$2,488$1,944$810
22 years$4,719$3,728$2,917$2,262$1,742$690
23 years$4,466$3,487$2,693$2,060$1,564$588
24 years$4,235$3,267$2,491$1,879$1,406$501
25 years$4,022$3,066$2,307$1,716$1,265$427
26 years$3,826$2,881$2,139$1,569$1,139$365
27 years$3,645$2,712$1,987$1,436$1,027$312
28 years$3,477$2,555$1,847$1,316$927$266
29 years$3,321$2,411$1,719$1,207$837$227
30 years$3,175$2,276$1,601$1,108$756$194
31 years$3,040$2,152$1,492$1,017$684$166
32 years$2,913$2,036$1,392$935$618$142
33 years$2,794$1,928$1,300$860$560$122
34 years$2,682$1,828$1,215$791$507$104
35 years$2,577$1,733$1,136$728$459$89
36 years$2,478$1,645$1,062$671$416$76
37 years$2,384$1,563$994$618$377$65
38 years$2,296$1,485$931$569$342$56
39 years$2,212$1,412$872$525$310$48
40 years$2,133$1,344$818$484$281$41
41 years$2,058$1,279$767$447$255$35
42 years$1,986$1,218$719$412$231$30
43 years$1,918$1,161$675$381$210$26
44 years$1,854$1,106$634$351$191$22
45 years$1,792$1,055$595$325$173$19
46 years$1,733$1,006$559$300$157$16
47 years$1,677$960$525$277$143$14
48 years$1,623$917$493$256$130$12
49 years$1,572$875$464$237$118$10
50 years$1,523$836$436$219$107$9

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 $3,341 every year, while hoping to spend $26,802 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: 29/41/30 Blend
39$1,560,000$1,560,000$1,560,000$1,560,000
40$1,722,566$1,639,886$1,615,706$1,756,540
41$1,869,751$1,691,724$1,641,315$1,835,721
42$2,031,050$1,745,203$1,666,884$1,918,251
43$2,207,875$1,800,376$1,692,383$2,006,451
44$2,401,781$1,857,296$1,717,780$2,100,832
45$2,614,479$1,916,020$1,743,042$2,201,954
46$2,847,855$1,976,604$1,768,133$2,310,434
47$3,103,987$2,039,108$1,793,016$2,426,948
48$3,385,162$2,103,593$1,817,650$2,552,243
49$3,693,900$2,170,122$1,841,994$2,687,137
50$4,032,979$2,238,759$1,866,002$2,832,533
51$4,405,457$2,309,571$1,889,626$2,989,420
52$4,814,702$2,382,629$1,912,818$3,158,892
53$5,264,427$2,458,003$1,935,522$3,342,148
54$5,758,720$2,535,767$1,957,684$3,540,509
55$6,302,087$2,615,997$1,979,244$3,755,429
56$6,899,491$2,698,772$2,000,139$3,988,509
57$7,556,399$2,784,172$2,020,304$4,241,511
58$8,278,837$2,872,281$2,039,669$4,516,375
59$9,073,441$2,963,186$2,058,161$4,815,236
60$9,947,525$3,056,975$2,075,703$5,140,446
61$10,909,147$3,153,741$2,092,213$5,494,595
62$11,967,183$3,253,578$2,107,605$5,880,533
63$13,131,417$3,356,584$2,121,791$6,301,402
64$14,412,624$3,462,860$2,134,674$6,760,659
65$15,822,682$3,572,510$2,146,156$7,262,114
66$17,374,675$3,685,642$2,156,131$7,809,963
67$19,083,021$3,802,367$2,164,490$8,408,826
68$20,963,606$3,922,800$2,171,117$9,063,796
69$23,033,935$4,047,059$2,175,891$9,780,478
70$25,313,297$4,175,265$2,178,684$10,565,051
71$27,822,946$4,307,546$2,179,363$11,424,319
72$30,586,301$4,444,031$2,177,787$12,365,780
73$33,629,169$4,584,854$2,173,808$13,397,693
74$36,979,987$4,730,153$2,167,273$14,529,158
75$40,670,088$4,880,073$2,158,019$15,770,200
76$44,734,000$5,034,761$2,145,876$17,131,863
77$49,209,772$5,194,368$2,130,667$18,626,319
78$54,139,330$5,359,053$2,112,205$20,266,976
79$59,568,872$5,528,977$2,090,294$22,068,608
80$65,549,308$5,704,308$2,064,730$24,047,492
81$72,136,738$5,885,220$2,035,299$26,221,566
82$79,392,980$6,071,890$2,001,776$28,610,592
83$87,386,155$6,264,503$1,963,927$31,236,348
84$96,191,329$6,463,250$1,921,504$34,122,829
85$105,891,222$6,668,327$1,874,252$37,296,475
86$116,576,988$6,879,936$1,821,901$40,786,422
87$128,349,075$7,098,288$1,764,169$44,624,773
88$141,318,174$7,323,597$1,700,762$48,846,905
89$155,606,262$7,556,088$1,631,372$53,491,801
90$171,347,755$7,795,990$1,555,677$58,602,415
91$188,690,774$8,043,541$1,473,340$64,226,083
92$207,798,546$8,298,988$1,384,010$70,414,966
93$228,850,942$8,562,582$1,287,318$77,226,541
94$252,046,176$8,834,587$1,182,882$84,724,149
95$277,602,675$9,115,271$1,070,298$92,977,586
96$305,761,143$9,404,914$949,148$102,063,765
97$336,786,829$9,703,804$818,993$112,067,445
98$370,972,033$10,012,239$679,378$123,082,024
99$408,638,867$10,330,524$529,823$135,210,426
100$450,142,289$10,658,978$369,830$148,566,073