Can I retire at age 40 with 1,610,000?

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$132,952$131,768$130,613$129,485$128,384$127,789
2 years$65,818$64,592$63,404$62,252$61,135$60,535
3 years$43,443$42,212$41,027$39,886$38,787$38,199
4 years$32,257$31,030$29,857$28,735$27,663$27,093
5 years$25,548$24,328$23,170$22,072$21,029$20,478
6 years$21,076$19,866$18,725$17,651$16,639$16,109
7 years$17,884$16,683$15,561$14,512$13,532$13,022
8 years$15,490$14,300$13,197$12,173$11,226$10,736
9 years$13,630$12,451$11,366$10,369$9,454$8,984
10 years$12,142$10,975$9,909$8,938$8,055$7,605
11 years$10,926$9,770$8,724$7,779$6,928$6,497
12 years$9,913$8,769$7,742$6,823$6,004$5,592
13 years$9,056$7,925$6,917$6,024$5,235$4,843
14 years$8,323$7,204$6,215$5,347$4,589$4,215
15 years$7,688$6,581$5,611$4,769$4,041$3,685
16 years$7,133$6,038$5,088$4,270$3,571$3,233
17 years$6,644$5,560$4,630$3,837$3,166$2,845
18 years$6,209$5,138$4,226$3,458$2,815$2,510
19 years$5,821$4,762$3,869$3,124$2,509$2,220
20 years$5,472$4,425$3,551$2,830$2,242$1,968
21 years$5,157$4,122$3,266$2,568$2,006$1,747
22 years$4,870$3,847$3,010$2,335$1,798$1,553
23 years$4,609$3,598$2,779$2,126$1,614$1,383
24 years$4,370$3,372$2,570$1,939$1,451$1,233
25 years$4,151$3,164$2,381$1,771$1,305$1,100
26 years$3,949$2,974$2,208$1,619$1,176$983
27 years$3,762$2,799$2,050$1,482$1,060$878
28 years$3,588$2,637$1,906$1,358$957$786
29 years$3,427$2,488$1,774$1,245$864$703
30 years$3,277$2,349$1,652$1,143$780$630
31 years$3,137$2,221$1,540$1,050$706$564
32 years$3,006$2,102$1,437$965$638$506
33 years$2,883$1,990$1,342$887$578$454
34 years$2,768$1,886$1,254$816$523$407
35 years$2,659$1,789$1,172$751$474$365
36 years$2,557$1,698$1,096$692$429$328
37 years$2,461$1,613$1,026$638$389$295
38 years$2,369$1,533$961$588$353$265
39 years$2,283$1,457$900$542$320$238
40 years$2,201$1,387$844$500$290$214
41 years$2,123$1,320$791$461$263$192
42 years$2,050$1,257$742$426$239$173
43 years$1,980$1,198$697$393$217$155
44 years$1,913$1,142$654$363$197$140
45 years$1,849$1,089$614$335$179$125
46 years$1,789$1,039$577$309$162$113
47 years$1,731$991$542$286$147$101
48 years$1,675$946$509$264$134$91
49 years$1,623$904$479$244$121$82
50 years$1,572$863$450$226$110$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,610,000, adding $3,913 every year, while hoping to spend $53,633 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: 60/32/8 Blend
39$1,610,000$1,610,000$1,610,000$1,610,000
40$1,778,256$1,692,926$1,667,971$1,881,651
41$1,902,573$1,718,815$1,666,783$1,977,303
42$2,037,773$1,744,174$1,663,758$2,075,102
43$2,184,909$1,768,922$1,658,777$2,180,432
44$2,345,141$1,792,969$1,651,716$2,294,018
45$2,519,743$1,816,223$1,642,447$2,416,661
46$2,710,119$1,838,580$1,630,832$2,549,244
47$2,917,815$1,859,934$1,616,728$2,692,742
48$3,144,531$1,880,170$1,599,987$2,848,227
49$3,392,138$1,899,163$1,580,452$3,016,883
50$3,662,697$1,916,784$1,557,958$3,200,015
51$3,958,478$1,932,891$1,532,335$3,399,063
52$4,281,976$1,947,337$1,503,402$3,615,612
53$4,635,943$1,959,962$1,470,972$3,851,413
54$5,023,407$1,970,597$1,434,847$4,108,395
55$5,447,702$1,979,064$1,394,821$4,388,685
56$5,912,500$1,985,170$1,350,680$4,694,631
57$6,421,845$1,988,714$1,302,198$5,028,818
58$6,980,191$1,989,478$1,249,139$5,394,101
59$7,592,442$1,987,235$1,191,258$5,793,625
60$8,264,002$1,981,740$1,128,295$6,230,861
61$9,000,821$1,972,736$1,059,984$6,709,632
62$9,809,452$1,959,947$986,041$7,234,159
63$10,697,116$1,943,085$906,173$7,809,093
64$11,671,766$1,921,840$820,074$8,439,564
65$12,742,162$1,895,885$727,422$9,131,228
66$13,917,953$1,864,875$627,882$9,890,324
67$15,209,773$1,828,442$521,104$10,723,727
68$16,629,332$1,786,198$406,723$11,639,022
69$18,189,533$1,737,731$284,358$12,644,571
70$19,904,591$1,682,606$153,609$13,749,594
71$21,790,167$1,620,360$14,062$14,964,255
72$23,863,513$1,550,507$0$16,299,765
73$26,143,639$1,472,530$0$17,779,993
74$28,651,488$1,385,882$0$19,409,082
75$31,410,136$1,289,986$0$21,200,894
76$34,445,006$1,184,232$0$23,172,034
77$37,784,111$1,067,973$0$25,340,808
78$41,458,314$940,528$0$27,727,393
79$45,501,623$801,174$0$30,354,033
80$49,951,508$649,151$0$33,245,247
81$54,849,256$483,654$0$36,428,065
82$60,240,359$303,832$0$39,932,281
83$66,174,944$108,788$0$43,790,736
84$72,708,243$0$0$48,039,633
85$79,901,118$0$0$52,754,943
86$87,820,631$0$0$57,988,941
87$96,540,675$0$0$63,752,176
88$106,142,679$0$0$70,098,484
89$116,716,364$0$0$77,087,188
90$128,360,600$0$0$84,783,658
91$141,184,331$0$0$93,259,926
92$155,307,609$0$0$102,595,366
93$170,862,718$0$0$112,877,442
94$187,995,432$0$0$124,202,537
95$206,866,380$0$0$136,676,857
96$227,652,571$0$0$150,417,436
97$250,549,057$0$0$165,553,239
98$275,770,776$0$0$182,226,381
99$303,554,580$0$0$200,593,465
100$334,161,470$0$0$220,827,061