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

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$131,301$130,131$128,990$127,876$126,789$124,637
2 years$65,000$63,790$62,617$61,479$60,376$58,214
3 years$42,903$41,687$40,517$39,390$38,305$36,201
4 years$31,857$30,645$29,486$28,378$27,319$25,290
5 years$25,231$24,026$22,882$21,797$20,768$18,818
6 years$20,815$19,619$18,492$17,432$16,433$14,565
7 years$17,662$16,476$15,367$14,331$13,364$11,579
8 years$15,298$14,123$13,033$12,022$11,087$9,384
9 years$13,460$12,296$11,225$10,240$9,337$7,716
10 years$11,991$10,839$9,786$8,827$7,955$6,414
11 years$10,790$9,649$8,616$7,682$6,842$5,379
12 years$9,790$8,661$7,646$6,738$5,929$4,542
13 years$8,944$7,827$6,831$5,949$5,170$3,858
14 years$8,220$7,114$6,138$5,281$4,532$3,292
15 years$7,593$6,499$5,542$4,710$3,991$2,820
16 years$7,044$5,963$5,024$4,217$3,527$2,423
17 years$6,561$5,491$4,572$3,789$3,127$2,088
18 years$6,132$5,074$4,174$3,415$2,781$1,804
19 years$5,749$4,703$3,821$3,085$2,478$1,561
20 years$5,404$4,370$3,507$2,794$2,214$1,353
21 years$5,092$4,071$3,225$2,536$1,981$1,175
22 years$4,810$3,800$2,973$2,306$1,776$1,021
23 years$4,552$3,554$2,745$2,100$1,594$889
24 years$4,316$3,330$2,538$1,915$1,433$774
25 years$4,099$3,125$2,351$1,749$1,289$675
26 years$3,900$2,937$2,180$1,599$1,161$588
27 years$3,715$2,764$2,025$1,464$1,047$514
28 years$3,544$2,604$1,882$1,341$945$449
29 years$3,385$2,457$1,752$1,230$853$392
30 years$3,237$2,320$1,632$1,129$771$343
31 years$3,098$2,193$1,521$1,037$697$299
32 years$2,969$2,075$1,419$953$630$262
33 years$2,847$1,965$1,325$876$570$229
34 years$2,734$1,863$1,238$806$517$200
35 years$2,626$1,767$1,158$742$468$175
36 years$2,525$1,677$1,083$683$424$154
37 years$2,430$1,593$1,014$630$384$134
38 years$2,340$1,514$949$580$348$118
39 years$2,255$1,439$889$535$316$103
40 years$2,174$1,369$833$494$286$90
41 years$2,097$1,304$782$455$260$79
42 years$2,024$1,241$733$420$236$69
43 years$1,955$1,183$688$388$214$61
44 years$1,889$1,128$646$358$194$53
45 years$1,826$1,075$606$331$176$47
46 years$1,766$1,026$569$306$160$41
47 years$1,709$979$535$282$145$36
48 years$1,655$934$503$261$132$31
49 years$1,602$892$473$241$120$27
50 years$1,552$852$444$223$109$24

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 $4,115 every year, while hoping to spend $36,375 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: 21/49/30 Blend
39$1,590,000$1,590,000$1,590,000$1,590,000
40$1,756,425$1,672,155$1,647,510$1,776,551
41$1,896,877$1,715,387$1,663,998$1,838,772
42$2,050,437$1,759,520$1,679,821$1,901,966
43$2,218,402$1,804,557$1,694,915$1,968,736
44$2,402,202$1,850,503$1,709,218$2,039,395
45$2,603,413$1,897,364$1,722,663$2,114,288
46$2,823,766$1,945,140$1,735,177$2,193,796
47$3,065,172$1,993,833$1,746,687$2,278,339
48$3,329,732$2,043,444$1,757,114$2,368,379
49$3,619,764$2,093,971$1,766,376$2,464,425
50$3,937,815$2,145,412$1,774,386$2,567,039
51$4,286,697$2,197,761$1,781,052$2,676,842
52$4,669,502$2,251,014$1,786,279$2,794,516
53$5,089,638$2,305,160$1,789,966$2,920,814
54$5,550,860$2,360,192$1,792,009$3,056,568
55$6,057,301$2,416,095$1,792,295$3,202,693
56$6,613,517$2,472,855$1,790,708$3,360,201
57$7,224,527$2,530,455$1,787,127$3,530,205
58$7,895,856$2,588,876$1,781,424$3,713,936
59$8,633,596$2,648,093$1,773,464$3,912,748
60$9,444,455$2,708,082$1,763,107$4,128,139
61$10,335,823$2,768,812$1,750,206$4,361,757
62$11,315,845$2,830,251$1,734,605$4,615,423
63$12,393,490$2,892,362$1,716,143$4,891,143
64$13,578,643$2,955,105$1,694,651$5,191,131
65$14,882,193$3,018,434$1,669,951$5,517,831
66$16,316,140$3,082,300$1,641,857$5,873,934
67$17,893,702$3,146,648$1,610,174$6,262,413
68$19,629,444$3,211,419$1,574,700$6,686,544
69$21,539,416$3,276,547$1,535,221$7,149,941
70$23,641,299$3,341,960$1,491,514$7,656,593
71$25,954,578$3,407,583$1,443,346$8,210,894
72$28,500,720$3,473,329$1,390,473$8,817,695
73$31,303,380$3,539,109$1,332,640$9,482,343
74$34,388,622$3,604,823$1,269,581$10,210,739
75$37,785,166$3,670,364$1,201,017$11,009,386
76$41,524,658$3,735,617$1,126,656$11,885,458
77$45,641,969$3,800,458$1,046,195$12,846,868
78$50,175,522$3,864,752$959,314$13,902,340
79$55,167,656$3,928,356$865,683$15,061,496
80$60,665,027$3,991,115$764,953$16,334,945
81$66,719,043$4,052,863$656,762$17,734,386
82$73,386,353$4,113,421$540,731$19,272,721
83$80,729,381$4,172,599$416,466$20,964,175
84$88,816,913$4,230,191$283,552$22,824,434
85$97,724,747$4,285,979$141,560$24,870,793
86$107,536,408$4,339,729$0$27,122,321
87$118,343,936$4,391,190$0$29,603,236
88$130,248,754$4,440,096$0$32,382,095
89$143,362,627$4,486,160$0$35,439,252
90$157,808,713$4,529,080$0$38,803,050
91$173,722,727$4,568,530$0$42,504,731
92$191,254,222$4,604,165$0$46,578,723
93$210,568,001$4,635,617$0$51,062,975
94$231,845,669$4,662,494$0$55,999,311
95$255,287,351$4,684,381$0$61,433,829
96$281,113,578$4,700,832$0$67,417,334
97$309,567,368$4,711,378$0$74,005,822
98$340,916,520$4,715,516$0$81,261,008
99$375,456,145$4,712,716$0$89,250,910
100$413,511,444$4,702,412$0$98,050,496