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%14%
1 years$132,952$131,768$130,613$129,485$128,384$126,257
2 years$65,818$64,592$63,404$62,252$61,135$58,999
3 years$43,443$42,212$41,027$39,886$38,787$36,707
4 years$32,257$31,030$29,857$28,735$27,663$25,656
5 years$25,548$24,328$23,170$22,072$21,029$19,101
6 years$21,076$19,866$18,725$17,651$16,639$14,792
7 years$17,884$16,683$15,561$14,512$13,532$11,766
8 years$15,490$14,300$13,197$12,173$11,226$9,541
9 years$13,630$12,451$11,366$10,369$9,454$7,849
10 years$12,142$10,975$9,909$8,938$8,055$6,529
11 years$10,926$9,770$8,724$7,779$6,928$5,479
12 years$9,913$8,769$7,742$6,823$6,004$4,630
13 years$9,056$7,925$6,917$6,024$5,235$3,935
14 years$8,323$7,204$6,215$5,347$4,589$3,360
15 years$7,688$6,581$5,611$4,769$4,041$2,880
16 years$7,133$6,038$5,088$4,270$3,571$2,477
17 years$6,644$5,560$4,630$3,837$3,166$2,136
18 years$6,209$5,138$4,226$3,458$2,815$1,846
19 years$5,821$4,762$3,869$3,124$2,509$1,599
20 years$5,472$4,425$3,551$2,830$2,242$1,387
21 years$5,157$4,122$3,266$2,568$2,006$1,205
22 years$4,870$3,847$3,010$2,335$1,798$1,048
23 years$4,609$3,598$2,779$2,126$1,614$913
24 years$4,370$3,372$2,570$1,939$1,451$796
25 years$4,151$3,164$2,381$1,771$1,305$694
26 years$3,949$2,974$2,208$1,619$1,176$606
27 years$3,762$2,799$2,050$1,482$1,060$529
28 years$3,588$2,637$1,906$1,358$957$463
29 years$3,427$2,488$1,774$1,245$864$405
30 years$3,277$2,349$1,652$1,143$780$354
31 years$3,137$2,221$1,540$1,050$706$310
32 years$3,006$2,102$1,437$965$638$271
33 years$2,883$1,990$1,342$887$578$237
34 years$2,768$1,886$1,254$816$523$208
35 years$2,659$1,789$1,172$751$474$182
36 years$2,557$1,698$1,096$692$429$159
37 years$2,461$1,613$1,026$638$389$140
38 years$2,369$1,533$961$588$353$122
39 years$2,283$1,457$900$542$320$107
40 years$2,201$1,387$844$500$290$94
41 years$2,123$1,320$791$461$263$82
42 years$2,050$1,257$742$426$239$72
43 years$1,980$1,198$697$393$217$63
44 years$1,913$1,142$654$363$197$56
45 years$1,849$1,089$614$335$179$49
46 years$1,789$1,039$577$309$162$43
47 years$1,731$991$542$286$147$37
48 years$1,675$946$509$264$134$33
49 years$1,623$904$479$244$121$29
50 years$1,572$863$450$226$110$25

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 $5,222 every year, while hoping to spend $59,026 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: 64/19/17 Blend
39$1,610,000$1,610,000$1,610,000$1,610,000
40$1,779,606$1,694,276$1,669,321$1,885,666
41$1,898,323$1,714,493$1,662,441$1,977,690
42$2,027,171$1,733,721$1,653,351$2,070,957
43$2,167,120$1,751,852$1,641,916$2,171,429
44$2,319,239$1,768,765$1,627,993$2,279,810
45$2,484,703$1,784,337$1,611,433$2,396,876
46$2,664,805$1,798,431$1,592,078$2,523,487
47$2,860,967$1,810,907$1,569,764$2,660,588
48$3,074,755$1,821,610$1,544,321$2,809,223
49$3,307,891$1,830,380$1,515,567$2,970,542
50$3,562,272$1,837,045$1,483,314$3,145,817
51$3,839,984$1,841,420$1,447,365$3,336,448
52$4,143,325$1,843,313$1,407,515$3,543,981
53$4,474,825$1,842,515$1,363,547$3,770,120
54$4,837,267$1,838,808$1,315,236$4,016,747
55$5,233,717$1,831,959$1,262,345$4,285,936
56$5,667,552$1,821,721$1,204,629$4,579,974
57$6,142,487$1,807,830$1,141,830$4,901,388
58$6,662,617$1,790,010$1,073,677$5,252,960
59$7,232,448$1,767,964$999,889$5,637,761
60$7,856,944$1,741,381$920,172$6,059,179
61$8,541,573$1,709,929$834,218$6,520,950
62$9,292,356$1,673,258$741,706$7,027,195
63$10,115,924$1,630,995$642,301$7,582,457
64$11,019,581$1,582,747$535,652$8,191,749
65$12,011,375$1,528,098$421,393$8,860,599
66$13,100,167$1,466,607$299,141$9,595,101
67$14,295,721$1,397,807$168,499$10,401,981
68$15,608,790$1,321,205$29,049$11,288,649
69$17,051,221$1,236,279$0$12,263,283
70$18,636,066$1,142,478$0$13,356,623
71$20,377,703$1,039,217$0$14,563,919
72$22,291,970$925,880$0$15,890,946
73$24,396,318$801,815$0$17,349,879
74$26,709,973$666,334$0$18,954,142
75$29,254,115$518,709$0$20,718,526
76$32,052,081$358,172$0$22,659,337
77$35,129,582$183,912$0$24,794,546
78$38,514,946$0$0$27,143,961
79$42,239,385$0$0$29,730,445
80$46,337,287$0$0$32,618,719
81$50,846,545$0$0$35,797,054
82$55,808,907$0$0$39,294,893
83$61,270,374$0$0$43,144,677
84$67,281,633$0$0$47,382,153
85$73,898,534$0$0$52,046,708
86$81,182,614$0$0$57,181,742
87$89,201,684$0$0$62,835,078
88$98,030,460$0$0$69,059,408
89$107,751,272$0$0$75,912,798
90$118,454,840$0$0$83,459,227
91$130,241,131$0$0$91,769,197
92$143,220,295$0$0$100,920,393
93$157,513,714$0$0$110,998,420
94$173,255,137$0$0$122,097,606
95$190,591,948$0$0$134,321,895
96$209,686,555$0$0$147,785,828
97$230,717,920$0$0$162,615,619
98$253,883,249$0$0$178,950,351
99$279,399,853$0$0$196,943,286
100$307,507,197$0$0$216,763,310