Can I retire at age 40 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$130,475$129,313$128,179$127,072$125,991$125,355
2 years$64,592$63,389$62,223$61,092$59,996$59,354
3 years$42,633$41,425$40,262$39,142$38,064$37,436
4 years$31,656$30,452$29,301$28,200$27,147$26,538
5 years$25,072$23,875$22,738$21,660$20,637$20,048
6 years$20,684$19,495$18,376$17,322$16,329$15,762
7 years$17,550$16,372$15,271$14,241$13,280$12,735
8 years$15,202$14,034$12,951$11,947$11,017$10,493
9 years$13,376$12,219$11,154$10,176$9,278$8,776
10 years$11,916$10,771$9,725$8,772$7,905$7,425
11 years$10,722$9,588$8,561$7,634$6,799$6,339
12 years$9,728$8,606$7,598$6,696$5,892$5,453
13 years$8,888$7,777$6,788$5,912$5,138$4,719
14 years$8,168$7,069$6,099$5,248$4,504$4,105
15 years$7,545$6,458$5,507$4,680$3,965$3,586
16 years$7,000$5,925$4,993$4,190$3,505$3,144
17 years$6,520$5,457$4,543$3,765$3,107$2,765
18 years$6,093$5,042$4,147$3,393$2,763$2,438
19 years$5,712$4,673$3,797$3,066$2,463$2,155
20 years$5,370$4,343$3,484$2,777$2,200$1,908
21 years$5,060$4,045$3,205$2,520$1,969$1,693
22 years$4,779$3,776$2,954$2,291$1,765$1,504
23 years$4,523$3,531$2,727$2,087$1,584$1,338
24 years$4,289$3,309$2,522$1,903$1,424$1,192
25 years$4,073$3,105$2,336$1,738$1,281$1,063
26 years$3,875$2,918$2,167$1,589$1,154$948
27 years$3,692$2,746$2,012$1,455$1,040$847
28 years$3,521$2,588$1,870$1,333$939$757
29 years$3,363$2,441$1,741$1,222$848$677
30 years$3,216$2,306$1,621$1,122$766$606
31 years$3,079$2,180$1,512$1,030$692$543
32 years$2,950$2,062$1,410$947$626$486
33 years$2,830$1,953$1,317$871$567$436
34 years$2,716$1,851$1,230$801$513$391
35 years$2,610$1,756$1,150$737$465$350
36 years$2,509$1,666$1,076$679$421$314
37 years$2,415$1,583$1,007$626$382$282
38 years$2,325$1,504$943$577$346$253
39 years$2,240$1,430$884$532$314$227
40 years$2,160$1,361$828$491$285$204
41 years$2,084$1,295$777$453$258$183
42 years$2,012$1,234$728$418$234$164
43 years$1,943$1,175$684$386$213$148
44 years$1,877$1,120$642$356$193$133
45 years$1,815$1,068$603$329$175$119
46 years$1,755$1,019$566$304$159$107
47 years$1,699$973$532$281$144$96
48 years$1,644$929$500$259$131$86
49 years$1,592$887$470$240$119$78
50 years$1,543$847$441$221$108$70

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,580,000, adding $4,708 every year, while hoping to spend $40,679 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: 36/35/29 Blend
39$1,580,000$1,580,000$1,580,000$1,580,000
40$1,746,016$1,662,276$1,637,786$1,793,545
41$1,880,828$1,700,446$1,649,370$1,867,574
42$2,028,027$1,739,122$1,659,978$1,943,437
43$2,188,834$1,778,287$1,669,536$2,024,565
44$2,364,592$1,817,921$1,677,963$2,111,462
45$2,556,782$1,858,000$1,685,176$2,204,679
46$2,767,031$1,898,500$1,691,087$2,304,829
47$2,997,134$1,939,392$1,695,604$2,412,584
48$3,249,065$1,980,645$1,698,630$2,528,687
49$3,524,999$2,022,226$1,700,063$2,653,960
50$3,827,331$2,064,098$1,699,798$2,789,305
51$4,158,699$2,106,218$1,697,721$2,935,722
52$4,522,006$2,148,544$1,693,715$3,094,311
53$4,920,454$2,191,025$1,687,657$3,266,287
54$5,357,565$2,233,610$1,679,419$3,452,989
55$5,837,221$2,276,241$1,668,864$3,655,896
56$6,363,697$2,318,857$1,655,850$3,876,640
57$6,941,703$2,361,390$1,640,230$4,117,019
58$7,576,426$2,403,767$1,621,847$4,379,017
59$8,273,581$2,445,911$1,600,538$4,664,826
60$9,039,463$2,487,737$1,576,133$4,976,860
61$9,881,008$2,529,155$1,548,452$5,317,785
62$10,805,854$2,570,068$1,517,309$5,690,538
63$11,822,420$2,610,370$1,482,508$6,098,363
64$12,939,978$2,649,950$1,443,843$6,544,835
65$14,168,745$2,688,686$1,401,101$7,033,900
66$15,519,976$2,726,451$1,354,057$7,569,909
67$17,006,073$2,763,106$1,302,477$8,157,659
68$18,640,697$2,798,503$1,246,115$8,802,445
69$20,438,904$2,832,485$1,184,715$9,510,104
70$22,417,278$2,864,883$1,118,009$10,287,073
71$24,594,095$2,895,517$1,045,717$11,140,454
72$26,989,491$2,924,195$967,547$12,078,075
73$29,625,650$2,950,713$883,191$13,108,573
74$32,527,021$2,974,851$792,332$14,241,469
75$35,720,536$2,996,379$694,635$15,487,264
76$39,235,877$3,015,047$589,751$16,857,538
77$43,105,746$3,030,594$477,317$18,365,058
78$47,366,177$3,042,738$356,952$20,023,905
79$52,056,877$3,051,182$228,260$21,849,602
80$57,221,598$3,055,610$90,827$23,859,267
81$62,908,551$3,055,684$0$26,071,772
82$69,170,859$3,051,048$0$28,525,205
83$76,067,059$3,041,323$0$31,256,347
84$83,661,657$3,026,105$0$34,262,504
85$92,025,730$3,004,968$0$37,571,717
86$101,237,601$2,977,459$0$41,214,891
87$111,383,579$2,943,097$0$45,226,087
88$122,558,768$2,901,373$0$49,642,849
89$134,867,970$2,851,747$0$54,506,552
90$148,426,669$2,793,649$0$59,862,802
91$163,362,123$2,726,472$0$65,761,860
92$179,814,566$2,649,575$0$72,259,122
93$197,938,527$2,562,280$0$79,415,644
94$217,904,293$2,463,867$0$87,298,715
95$239,899,512$2,353,578$0$95,982,500
96$264,130,967$2,230,608$0$105,548,736
97$290,826,523$2,094,105$0$116,087,508
98$320,237,283$1,943,171$0$127,698,101
99$352,639,955$1,776,855$0$140,489,940
100$388,339,460$1,594,151$0$154,583,622