Can I retire at age 40 with 1,570,000?

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$129,649$128,494$127,368$126,268$125,194$122,918
2 years$64,183$62,987$61,829$60,706$59,616$57,331
3 years$42,363$41,163$40,007$38,895$37,823$35,600
4 years$31,456$30,259$29,115$28,021$26,976$24,832
5 years$24,913$23,724$22,595$21,523$20,506$18,449
6 years$20,553$19,372$18,260$17,212$16,226$14,256
7 years$17,439$16,269$15,174$14,151$13,196$11,314
8 years$15,105$13,945$12,869$11,871$10,947$9,154
9 years$13,291$12,142$11,084$10,111$9,219$7,512
10 years$11,840$10,702$9,663$8,716$7,855$6,234
11 years$10,654$9,528$8,507$7,586$6,756$5,218
12 years$9,667$8,552$7,550$6,654$5,854$4,398
13 years$8,831$7,728$6,745$5,874$5,105$3,728
14 years$8,116$7,025$6,061$5,214$4,475$3,174
15 years$7,497$6,417$5,472$4,650$3,940$2,714
16 years$6,956$5,888$4,961$4,164$3,482$2,327
17 years$6,479$5,422$4,515$3,741$3,088$2,001
18 years$6,055$5,010$4,121$3,372$2,746$1,725
19 years$5,676$4,644$3,773$3,047$2,447$1,489
20 years$5,336$4,315$3,462$2,759$2,186$1,288
21 years$5,028$4,019$3,185$2,504$1,956$1,116
22 years$4,749$3,752$2,935$2,277$1,753$968
23 years$4,495$3,509$2,710$2,074$1,574$840
24 years$4,262$3,288$2,506$1,891$1,415$730
25 years$4,048$3,085$2,321$1,727$1,273$635
26 years$3,850$2,900$2,153$1,579$1,147$552
27 years$3,668$2,729$1,999$1,446$1,034$481
28 years$3,499$2,572$1,859$1,324$933$419
29 years$3,342$2,426$1,730$1,215$842$365
30 years$3,196$2,291$1,611$1,115$761$318
31 years$3,059$2,166$1,502$1,024$688$278
32 years$2,931$2,049$1,401$941$622$242
33 years$2,812$1,941$1,308$865$563$211
34 years$2,699$1,839$1,223$796$510$184
35 years$2,593$1,745$1,143$733$462$161
36 years$2,494$1,656$1,069$675$419$141
37 years$2,399$1,573$1,001$622$379$123
38 years$2,310$1,495$937$573$344$107
39 years$2,226$1,421$878$528$312$94
40 years$2,146$1,352$823$487$283$82
41 years$2,071$1,287$772$450$257$71
42 years$1,999$1,226$724$415$233$62
43 years$1,930$1,168$679$383$211$55
44 years$1,865$1,113$638$354$192$48
45 years$1,803$1,062$599$327$174$42
46 years$1,744$1,013$562$302$158$36
47 years$1,688$967$528$279$144$32
48 years$1,634$923$496$258$130$28
49 years$1,582$881$467$238$118$24
50 years$1,533$842$439$220$108$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,570,000, adding $2,487 every year, while hoping to spend $30,673 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: 58/27/15 Blend
39$1,570,000$1,570,000$1,570,000$1,570,000
40$1,732,705$1,649,495$1,625,160$1,826,404
41$1,876,805$1,697,685$1,646,967$1,938,262
42$2,034,576$1,747,207$1,668,477$2,056,543
43$2,207,378$1,798,096$1,689,647$2,184,768
44$2,396,713$1,850,385$1,710,432$2,323,900
45$2,604,231$1,904,107$1,730,785$2,474,996
46$2,831,752$1,959,299$1,750,656$2,639,221
47$3,081,281$2,015,994$1,769,992$2,817,857
48$3,355,022$2,074,228$1,788,738$3,012,318
49$3,655,408$2,134,039$1,806,835$3,224,157
50$3,985,116$2,195,464$1,824,220$3,455,088
51$4,347,095$2,258,538$1,840,828$3,706,995
52$4,744,594$2,323,302$1,856,592$3,981,956
53$5,181,192$2,389,793$1,871,437$4,282,257
54$5,660,832$2,458,051$1,885,288$4,610,419
55$6,187,856$2,528,115$1,898,064$4,969,216
56$6,767,050$2,600,025$1,909,682$5,361,704
57$7,403,684$2,673,822$1,920,051$5,791,251
58$8,103,567$2,749,546$1,929,080$6,261,566
59$8,873,096$2,827,238$1,936,669$6,776,734
60$9,719,320$2,906,942$1,942,716$7,341,257
61$10,650,006$2,988,697$1,947,112$7,960,095
62$11,673,710$3,072,547$1,949,744$8,638,711
63$12,799,860$3,158,534$1,950,493$9,383,124
64$14,038,844$3,246,700$1,949,232$10,199,966
65$15,402,106$3,337,088$1,945,832$11,096,545
66$16,902,257$3,429,741$1,940,153$12,080,910
67$18,553,191$3,524,703$1,932,052$13,161,934
68$20,370,218$3,622,014$1,921,377$14,349,390
69$22,370,206$3,721,719$1,907,969$15,654,047
70$24,571,744$3,823,860$1,891,662$17,087,773
71$26,995,311$3,928,478$1,872,282$18,663,642
72$29,663,475$4,035,616$1,849,647$20,396,064
73$32,601,103$4,145,315$1,823,564$22,300,913
74$35,835,596$4,257,616$1,793,833$24,395,684
75$39,397,147$4,372,559$1,760,247$26,699,655
76$43,319,025$4,490,183$1,722,583$29,234,067
77$47,637,890$4,610,527$1,680,615$32,022,327
78$52,394,140$4,733,628$1,634,100$35,090,230
79$57,632,288$4,859,522$1,582,789$38,466,198
80$63,401,388$4,988,244$1,526,418$42,181,553
81$69,755,489$5,119,828$1,464,713$46,270,810
82$76,754,154$5,254,305$1,397,386$50,772,002
83$84,463,016$5,391,705$1,324,138$55,727,043
84$92,954,401$5,532,055$1,244,653$61,182,119
85$102,308,006$5,675,382$1,158,605$67,188,125
86$112,611,654$5,821,707$1,065,650$73,801,150
87$123,962,124$5,971,052$965,431$81,083,001
88$136,466,061$6,123,433$857,572$89,101,786
89$150,240,983$6,278,865$741,684$97,932,565
90$165,416,391$6,437,358$617,359$107,658,047
91$182,134,992$6,598,917$484,170$118,369,383
92$200,554,043$6,763,547$341,672$130,167,016
93$220,846,838$6,931,243$189,400$143,161,637
94$243,204,341$7,101,999$26,871$157,475,225
95$267,836,990$7,275,803$0$173,242,202
96$294,976,682$7,452,637$0$190,634,161
97$324,878,963$7,632,475$0$209,796,999
98$357,825,437$7,815,287$0$230,906,393
99$394,126,431$8,001,034$0$254,160,677
100$434,123,913$8,189,671$0$279,778,414