Can I retire at age 40 with 1,590,000?

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$131,301$130,131$128,990$127,876$126,789$125,153
2 years$65,000$63,790$62,617$61,479$60,376$58,730
3 years$42,903$41,687$40,517$39,390$38,305$36,700
4 years$31,857$30,645$29,486$28,378$27,319$25,768
5 years$25,231$24,026$22,882$21,797$20,768$19,275
6 years$20,815$19,619$18,492$17,432$16,433$15,000
7 years$17,662$16,476$15,367$14,331$13,364$11,991
8 years$15,298$14,123$13,033$12,022$11,087$9,774
9 years$13,460$12,296$11,225$10,240$9,337$8,084
10 years$11,991$10,839$9,786$8,827$7,955$6,762
11 years$10,790$9,649$8,616$7,682$6,842$5,706
12 years$9,790$8,661$7,646$6,738$5,929$4,849
13 years$8,944$7,827$6,831$5,949$5,170$4,146
14 years$8,220$7,114$6,138$5,281$4,532$3,561
15 years$7,593$6,499$5,542$4,710$3,991$3,071
16 years$7,044$5,963$5,024$4,217$3,527$2,658
17 years$6,561$5,491$4,572$3,789$3,127$2,307
18 years$6,132$5,074$4,174$3,415$2,781$2,007
19 years$5,749$4,703$3,821$3,085$2,478$1,750
20 years$5,404$4,370$3,507$2,794$2,214$1,528
21 years$5,092$4,071$3,225$2,536$1,981$1,337
22 years$4,810$3,800$2,973$2,306$1,776$1,171
23 years$4,552$3,554$2,745$2,100$1,594$1,027
24 years$4,316$3,330$2,538$1,915$1,433$901
25 years$4,099$3,125$2,351$1,749$1,289$792
26 years$3,900$2,937$2,180$1,599$1,161$696
27 years$3,715$2,764$2,025$1,464$1,047$613
28 years$3,544$2,604$1,882$1,341$945$539
29 years$3,385$2,457$1,752$1,230$853$475
30 years$3,237$2,320$1,632$1,129$771$419
31 years$3,098$2,193$1,521$1,037$697$369
32 years$2,969$2,075$1,419$953$630$325
33 years$2,847$1,965$1,325$876$570$287
34 years$2,734$1,863$1,238$806$517$253
35 years$2,626$1,767$1,158$742$468$224
36 years$2,525$1,677$1,083$683$424$197
37 years$2,430$1,593$1,014$630$384$174
38 years$2,340$1,514$949$580$348$154
39 years$2,255$1,439$889$535$316$136
40 years$2,174$1,369$833$494$286$120
41 years$2,097$1,304$782$455$260$106
42 years$2,024$1,241$733$420$236$94
43 years$1,955$1,183$688$388$214$83
44 years$1,889$1,128$646$358$194$73
45 years$1,826$1,075$606$331$176$65
46 years$1,766$1,026$569$306$160$57
47 years$1,709$979$535$282$145$51
48 years$1,655$934$503$261$132$45
49 years$1,602$892$473$241$120$39
50 years$1,552$852$444$223$109$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,590,000, adding $5,117 every year, while hoping to spend $27,472 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: 48/31/21 Blend
39$1,590,000$1,590,000$1,590,000$1,590,000
40$1,757,458$1,673,188$1,648,543$1,831,145
41$1,907,489$1,725,944$1,674,539$1,935,760
42$2,071,902$1,780,365$1,700,486$2,046,121
43$2,252,136$1,836,502$1,726,351$2,165,394
44$2,449,773$1,894,411$1,752,104$2,294,427
45$2,666,559$1,954,146$1,777,709$2,434,153
46$2,904,415$2,015,766$1,803,129$2,585,599
47$3,165,458$2,079,331$1,828,326$2,749,895
48$3,452,017$2,144,901$1,853,257$2,928,286
49$3,766,661$2,212,539$1,877,880$3,122,141
50$4,112,220$2,282,313$1,902,148$3,332,968
51$4,491,808$2,354,287$1,926,011$3,562,426
52$4,908,858$2,428,533$1,949,419$3,812,343
53$5,367,152$2,505,122$1,972,315$4,084,730
54$5,870,857$2,584,128$1,994,643$4,381,802
55$6,424,561$2,665,628$2,016,340$4,706,000
56$7,033,322$2,749,699$2,037,343$5,060,009
57$7,702,710$2,836,424$2,057,584$5,446,788
58$8,438,864$2,925,886$2,076,990$5,869,595
59$9,248,545$3,018,171$2,095,486$6,332,020
60$10,139,205$3,113,370$2,112,993$6,838,015
61$11,119,052$3,211,573$2,129,426$7,391,934
62$12,197,131$3,312,876$2,144,698$7,998,574
63$13,383,409$3,417,378$2,158,716$8,663,219
64$14,688,865$3,525,178$2,171,382$9,391,687
65$16,125,599$3,636,381$2,182,592$10,190,390
66$17,706,941$3,751,095$2,192,241$11,066,393
67$19,447,581$3,869,430$2,200,213$12,027,476
68$21,363,705$3,991,502$2,206,390$13,082,213
69$23,473,145$4,117,429$2,210,646$14,240,048
70$25,795,554$4,247,331$2,212,851$15,511,387
71$28,352,586$4,381,335$2,212,867$16,907,696
72$31,168,100$4,519,571$2,210,548$18,441,606
73$34,268,389$4,662,172$2,205,744$20,127,036
74$37,682,422$4,809,277$2,198,295$21,979,320
75$41,442,126$4,961,028$2,188,034$24,015,356
76$45,582,675$5,117,571$2,174,786$26,253,760
77$50,142,835$5,279,059$2,158,368$28,715,047
78$55,165,319$5,445,647$2,138,588$31,421,821
79$60,697,196$5,617,498$2,115,244$34,398,986
80$66,790,331$5,794,777$2,088,127$37,673,989
81$73,501,881$5,977,657$2,057,015$41,277,068
82$80,894,825$6,166,315$2,021,677$45,241,546
83$89,038,565$6,360,932$1,981,872$49,604,141
84$98,009,580$6,561,699$1,937,345$54,405,314
85$107,892,144$6,768,809$1,887,834$59,689,648
86$118,779,126$6,982,464$1,833,059$65,506,273
87$130,772,862$7,202,870$1,772,732$71,909,325
88$143,986,125$7,430,242$1,706,550$78,958,461
89$158,543,186$7,664,799$1,634,195$86,719,417
90$174,580,986$7,906,770$1,555,336$95,264,634
91$192,250,434$8,156,389$1,469,626$104,673,936
92$211,717,824$8,413,898$1,376,705$115,035,288
93$233,166,410$8,679,547$1,276,192$126,445,622
94$256,798,133$8,953,593$1,167,694$139,011,756
95$282,835,527$9,236,304$1,050,796$152,851,399
96$311,523,821$9,527,953$925,068$168,094,263
97$343,133,251$9,828,824$790,059$184,883,287
98$377,961,615$10,139,208$645,297$203,375,986
99$416,337,078$10,459,408$490,293$223,745,939
100$458,621,274$10,789,733$324,533$246,184,426