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

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$130,475$129,313$128,179$127,072$125,991$123,096
2 years$64,592$63,389$62,223$61,092$59,996$57,094
3 years$42,633$41,425$40,262$39,142$38,064$35,247
4 years$31,656$30,452$29,301$28,200$27,147$24,438
5 years$25,072$23,875$22,738$21,660$20,637$18,041
6 years$20,684$19,495$18,376$17,322$16,329$13,851
7 years$17,550$16,372$15,271$14,241$13,280$10,919
8 years$15,202$14,034$12,951$11,947$11,017$8,772
9 years$13,376$12,219$11,154$10,176$9,278$7,148
10 years$11,916$10,771$9,725$8,772$7,905$5,887
11 years$10,722$9,588$8,561$7,634$6,799$4,891
12 years$9,728$8,606$7,598$6,696$5,892$4,090
13 years$8,888$7,777$6,788$5,912$5,138$3,439
14 years$8,168$7,069$6,099$5,248$4,504$2,905
15 years$7,545$6,458$5,507$4,680$3,965$2,463
16 years$7,000$5,925$4,993$4,190$3,505$2,094
17 years$6,520$5,457$4,543$3,765$3,107$1,785
18 years$6,093$5,042$4,147$3,393$2,763$1,525
19 years$5,712$4,673$3,797$3,066$2,463$1,305
20 years$5,370$4,343$3,484$2,777$2,200$1,119
21 years$5,060$4,045$3,205$2,520$1,969$960
22 years$4,779$3,776$2,954$2,291$1,765$825
23 years$4,523$3,531$2,727$2,087$1,584$710
24 years$4,289$3,309$2,522$1,903$1,424$611
25 years$4,073$3,105$2,336$1,738$1,281$526
26 years$3,875$2,918$2,167$1,589$1,154$454
27 years$3,692$2,746$2,012$1,455$1,040$391
28 years$3,521$2,588$1,870$1,333$939$337
29 years$3,363$2,441$1,741$1,222$848$291
30 years$3,216$2,306$1,621$1,122$766$251
31 years$3,079$2,180$1,512$1,030$692$217
32 years$2,950$2,062$1,410$947$626$187
33 years$2,830$1,953$1,317$871$567$162
34 years$2,716$1,851$1,230$801$513$140
35 years$2,610$1,756$1,150$737$465$121
36 years$2,509$1,666$1,076$679$421$105
37 years$2,415$1,583$1,007$626$382$90
38 years$2,325$1,504$943$577$346$78
39 years$2,240$1,430$884$532$314$68
40 years$2,160$1,361$828$491$285$58
41 years$2,084$1,295$777$453$258$50
42 years$2,012$1,234$728$418$234$44
43 years$1,943$1,175$684$386$213$38
44 years$1,877$1,120$642$356$193$33
45 years$1,815$1,068$603$329$175$28
46 years$1,755$1,019$566$304$159$24
47 years$1,699$973$532$281$144$21
48 years$1,644$929$500$259$131$18
49 years$1,592$887$470$240$119$16
50 years$1,543$847$441$221$108$14

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 $4,778 every year, while hoping to spend $33,608 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: 56/29/15 Blend
39$1,580,000$1,580,000$1,580,000$1,580,000
40$1,746,089$1,662,349$1,637,859$1,836,782
41$1,888,431$1,708,045$1,656,968$1,944,595
42$2,044,166$1,754,854$1,675,591$2,057,915
43$2,214,624$1,802,795$1,693,677$2,180,584
44$2,401,270$1,851,887$1,711,170$2,313,505
45$2,605,718$1,902,147$1,728,012$2,457,669
46$2,829,744$1,953,596$1,744,144$2,614,169
47$3,075,306$2,006,250$1,759,500$2,784,209
48$3,344,558$2,060,127$1,774,015$2,969,114
49$3,639,875$2,115,245$1,787,616$3,170,343
50$3,963,870$2,171,620$1,800,229$3,389,502
51$4,319,424$2,229,268$1,811,776$3,628,362
52$4,709,708$2,288,205$1,822,173$3,888,873
53$5,138,217$2,348,446$1,831,334$4,173,181
54$5,608,799$2,410,004$1,839,168$4,483,653
55$6,125,695$2,472,893$1,845,579$4,822,894
56$6,693,576$2,537,124$1,850,466$5,193,774
57$7,317,587$2,602,709$1,853,722$5,599,457
58$8,003,396$2,669,658$1,855,238$6,043,427
59$8,757,250$2,737,979$1,854,896$6,529,522
60$9,586,029$2,807,679$1,852,574$7,061,972
61$10,497,313$2,878,764$1,848,144$7,645,436
62$11,499,453$2,951,237$1,841,471$8,285,049
63$12,601,650$3,025,102$1,832,414$8,986,468
64$13,814,044$3,100,357$1,820,825$9,755,928
65$15,147,803$3,177,001$1,806,549$10,600,295
66$16,615,234$3,255,029$1,789,423$11,527,139
67$18,229,897$3,334,435$1,769,279$12,544,800
68$20,006,733$3,415,209$1,745,936$13,662,468
69$21,962,204$3,497,338$1,719,209$14,890,268
70$24,114,449$3,580,808$1,688,903$16,239,360
71$26,483,454$3,665,599$1,654,812$17,722,041
72$29,091,242$3,751,688$1,616,723$19,351,862
73$31,962,077$3,839,050$1,574,413$21,143,754
74$35,122,699$3,927,653$1,527,646$23,114,173
75$38,602,570$4,017,464$1,476,177$25,281,253
76$42,434,155$4,108,442$1,419,752$27,664,976
77$46,653,226$4,200,543$1,358,101$30,287,364
78$51,299,202$4,293,717$1,290,944$33,172,685
79$56,415,519$4,387,907$1,217,989$36,347,682
80$62,050,040$4,483,053$1,138,930$39,841,825
81$68,255,506$4,579,085$1,053,446$43,687,592
82$75,090,036$4,675,928$961,205$47,920,775
83$82,617,670$4,773,499$861,856$52,580,816
84$90,908,979$4,871,707$755,035$57,711,181
85$100,041,728$4,970,453$640,361$63,359,772
86$110,101,607$5,069,629$517,436$69,579,375
87$121,183,047$5,169,116$385,846$76,428,166
88$133,390,102$5,268,788$245,156$83,970,252
89$146,837,438$5,368,504$94,915$92,276,285
90$161,651,411$5,468,115$0$101,424,123
91$177,971,261$5,567,458$0$111,510,038
92$195,950,425$5,666,359$0$122,635,008
93$215,757,985$5,764,627$0$134,888,113
94$237,580,266$5,862,060$0$148,384,275
95$261,622,591$5,958,439$0$163,250,135
96$288,111,221$6,053,529$0$179,625,253
97$317,295,490$6,147,076$0$197,663,419
98$349,450,157$6,238,810$0$217,534,110
99$384,878,002$6,328,440$0$239,424,089
100$423,912,681$6,415,657$0$263,539,167