Can I retire at age 40 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$133,778$132,586$131,424$130,289$129,181$126,625
2 years$66,227$64,993$63,798$62,639$61,515$58,950
3 years$43,713$42,474$41,282$40,133$39,028$36,534
4 years$32,458$31,223$30,042$28,914$27,835$25,432
5 years$25,707$24,479$23,314$22,209$21,160$18,855
6 years$21,207$19,989$18,841$17,760$16,743$14,538
7 years$17,995$16,787$15,657$14,602$13,616$11,513
8 years$15,586$14,389$13,279$12,249$11,296$9,293
9 years$13,714$12,528$11,437$10,434$9,513$7,608
10 years$12,217$11,043$9,971$8,994$8,106$6,298
11 years$10,994$9,831$8,778$7,827$6,971$5,258
12 years$9,974$8,824$7,790$6,866$6,041$4,420
13 years$9,113$7,974$6,960$6,061$5,268$3,737
14 years$8,375$7,248$6,254$5,381$4,618$3,173
15 years$7,736$6,622$5,646$4,798$4,066$2,705
16 years$7,177$6,075$5,119$4,297$3,593$2,313
17 years$6,685$5,595$4,658$3,860$3,186$1,984
18 years$6,248$5,170$4,252$3,479$2,833$1,705
19 years$5,857$4,791$3,893$3,144$2,525$1,468
20 years$5,506$4,452$3,573$2,847$2,255$1,266
21 years$5,189$4,147$3,286$2,584$2,018$1,093
22 years$4,900$3,871$3,029$2,349$1,809$945
23 years$4,638$3,621$2,797$2,140$1,624$818
24 years$4,397$3,392$2,586$1,951$1,460$708
25 years$4,177$3,184$2,395$1,782$1,314$614
26 years$3,973$2,992$2,222$1,630$1,183$533
27 years$3,785$2,816$2,063$1,492$1,067$462
28 years$3,611$2,653$1,918$1,367$963$401
29 years$3,449$2,503$1,785$1,253$869$349
30 years$3,298$2,364$1,662$1,150$785$303
31 years$3,157$2,235$1,550$1,056$710$263
32 years$3,025$2,115$1,446$971$642$229
33 years$2,901$2,003$1,350$893$581$199
34 years$2,785$1,898$1,261$821$526$173
35 years$2,676$1,800$1,179$756$477$151
36 years$2,573$1,709$1,103$696$432$131
37 years$2,476$1,623$1,033$642$391$114
38 years$2,384$1,542$967$591$355$99
39 years$2,297$1,467$906$545$322$87
40 years$2,215$1,395$849$503$292$75
41 years$2,137$1,328$796$464$265$66
42 years$2,062$1,265$747$428$240$57
43 years$1,992$1,205$701$395$218$50
44 years$1,925$1,149$658$365$198$43
45 years$1,861$1,095$618$337$180$38
46 years$1,800$1,045$580$311$163$33
47 years$1,742$997$545$288$148$29
48 years$1,686$952$512$266$135$25
49 years$1,633$909$481$246$122$22
50 years$1,582$868$453$227$111$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,620,000, adding $4,267 every year, while hoping to spend $34,313 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: 67/23/10 Blend
39$1,620,000$1,620,000$1,620,000$1,620,000
40$1,789,641$1,703,781$1,678,671$1,905,561
41$1,935,676$1,750,758$1,698,398$2,030,151
42$2,095,456$1,798,886$1,717,636$2,161,818
43$2,270,348$1,848,187$1,736,331$2,304,873
44$2,461,855$1,898,679$1,754,430$2,460,424
45$2,671,633$1,950,384$1,771,872$2,629,694
46$2,901,507$2,003,320$1,788,597$2,814,028
47$3,153,485$2,057,507$1,804,540$3,014,906
48$3,429,779$2,112,964$1,819,631$3,233,960
49$3,732,827$2,169,709$1,833,799$3,472,986
50$4,065,312$2,227,761$1,846,967$3,733,962
51$4,430,189$2,287,137$1,859,057$4,019,067
52$4,830,717$2,347,855$1,869,983$4,330,701
53$5,270,480$2,409,930$1,879,658$4,671,507
54$5,753,431$2,473,378$1,887,988$5,044,396
55$6,283,921$2,538,215$1,894,876$5,452,576
56$6,866,746$2,604,452$1,900,220$5,899,580
57$7,507,188$2,672,104$1,903,911$6,389,300
58$8,211,067$2,741,183$1,905,837$6,926,024
59$8,984,792$2,811,697$1,905,880$7,514,475
60$9,835,428$2,883,657$1,903,913$8,159,859
61$10,770,755$2,957,070$1,899,808$8,867,909
62$11,799,348$3,031,942$1,893,427$9,644,942
63$12,930,651$3,108,277$1,884,627$10,497,919
64$14,175,071$3,186,077$1,873,256$11,434,509
65$15,544,076$3,265,342$1,859,157$12,463,162
66$17,050,298$3,346,070$1,842,166$13,593,188
67$18,707,658$3,428,257$1,822,107$14,834,846
68$20,531,493$3,511,895$1,798,802$16,199,441
69$22,538,702$3,596,975$1,772,058$17,699,427
70$24,747,906$3,683,483$1,741,678$19,348,530
71$27,179,621$3,771,402$1,707,454$21,161,873
72$29,856,456$3,860,714$1,669,167$23,156,120
73$32,803,319$3,951,395$1,626,589$25,349,635
74$36,047,661$4,043,416$1,579,483$27,762,653
75$39,619,725$4,136,746$1,527,598$30,417,471
76$43,552,838$4,231,348$1,470,674$33,338,662
77$47,883,724$4,327,180$1,408,437$36,553,300
78$52,652,847$4,424,195$1,340,604$40,091,222
79$57,904,799$4,522,342$1,266,875$43,985,308
80$63,688,712$4,621,560$1,186,939$48,271,790
81$70,058,729$4,721,786$1,100,470$52,990,593
82$77,074,512$4,822,946$1,007,129$58,185,716
83$84,801,804$4,924,961$906,559$63,905,644
84$93,313,048$5,027,745$798,389$70,203,806
85$102,688,075$5,131,200$682,231$77,139,082
86$113,014,854$5,235,224$557,681$84,776,355
87$124,390,320$5,339,702$424,315$93,187,126
88$136,921,295$5,444,509$281,691$102,450,190
89$150,725,489$5,549,512$129,349$112,652,378
90$165,932,614$5,654,564$0$123,889,377
91$182,685,610$5,759,506$0$136,270,180
92$201,141,989$5,864,169$0$149,922,404
93$221,475,327$5,968,368$0$164,960,346
94$243,876,895$6,071,903$0$181,525,182
95$268,557,472$6,174,560$0$199,772,487
96$295,749,330$6,276,109$0$219,873,699
97$325,708,426$6,376,303$0$242,017,742
98$358,716,819$6,474,875$0$266,412,808
99$395,085,331$6,571,540$0$293,288,321
100$435,156,482$6,665,993$0$322,897,101