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

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$133,778$132,586$131,424$130,289$129,181$126,058
2 years$66,227$64,993$63,798$62,639$61,515$58,387
3 years$43,713$42,474$41,282$40,133$39,028$35,993
4 years$32,458$31,223$30,042$28,914$27,835$24,917
5 years$25,707$24,479$23,314$22,209$21,160$18,366
6 years$21,207$19,989$18,841$17,760$16,743$14,077
7 years$17,995$16,787$15,657$14,602$13,616$11,078
8 years$15,586$14,389$13,279$12,249$11,296$8,885
9 years$13,714$12,528$11,437$10,434$9,513$7,227
10 years$12,217$11,043$9,971$8,994$8,106$5,941
11 years$10,994$9,831$8,778$7,827$6,971$4,926
12 years$9,974$8,824$7,790$6,866$6,041$4,112
13 years$9,113$7,974$6,960$6,061$5,268$3,450
14 years$8,375$7,248$6,254$5,381$4,618$2,908
15 years$7,736$6,622$5,646$4,798$4,066$2,460
16 years$7,177$6,075$5,119$4,297$3,593$2,088
17 years$6,685$5,595$4,658$3,860$3,186$1,776
18 years$6,248$5,170$4,252$3,479$2,833$1,514
19 years$5,857$4,791$3,893$3,144$2,525$1,293
20 years$5,506$4,452$3,573$2,847$2,255$1,106
21 years$5,189$4,147$3,286$2,584$2,018$947
22 years$4,900$3,871$3,029$2,349$1,809$812
23 years$4,638$3,621$2,797$2,140$1,624$696
24 years$4,397$3,392$2,586$1,951$1,460$598
25 years$4,177$3,184$2,395$1,782$1,314$514
26 years$3,973$2,992$2,222$1,630$1,183$442
27 years$3,785$2,816$2,063$1,492$1,067$380
28 years$3,611$2,653$1,918$1,367$963$327
29 years$3,449$2,503$1,785$1,253$869$282
30 years$3,298$2,364$1,662$1,150$785$242
31 years$3,157$2,235$1,550$1,056$710$209
32 years$3,025$2,115$1,446$971$642$180
33 years$2,901$2,003$1,350$893$581$155
34 years$2,785$1,898$1,261$821$526$134
35 years$2,676$1,800$1,179$756$477$115
36 years$2,573$1,709$1,103$696$432$99
37 years$2,476$1,623$1,033$642$391$86
38 years$2,384$1,542$967$591$355$74
39 years$2,297$1,467$906$545$322$64
40 years$2,215$1,395$849$503$292$55
41 years$2,137$1,328$796$464$265$47
42 years$2,062$1,265$747$428$240$41
43 years$1,992$1,205$701$395$218$35
44 years$1,925$1,149$658$365$198$30
45 years$1,861$1,095$618$337$180$26
46 years$1,800$1,045$580$311$163$23
47 years$1,742$997$545$288$148$20
48 years$1,686$952$512$266$135$17
49 years$1,633$909$481$246$122$15
50 years$1,582$868$453$227$111$13

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 $3,754 every year, while hoping to spend $49,480 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: 49/32/19 Blend
39$1,620,000$1,620,000$1,620,000$1,620,000
40$1,789,112$1,703,252$1,678,142$1,867,082
41$1,918,955$1,734,065$1,681,714$1,952,310
42$2,060,384$1,764,730$1,683,746$2,039,491
43$2,214,528$1,795,186$1,684,137$2,133,149
44$2,382,630$1,825,371$1,682,775$2,233,913
45$2,566,059$1,855,214$1,679,549$2,342,476
46$2,766,319$1,884,642$1,674,336$2,459,603
47$2,985,070$1,913,576$1,667,013$2,586,138
48$3,224,136$1,941,930$1,657,446$2,723,012
49$3,485,526$1,969,613$1,645,499$2,871,252
50$3,771,453$1,996,526$1,631,026$3,031,992
51$4,084,351$2,022,567$1,613,876$3,206,483
52$4,426,904$2,047,622$1,593,890$3,396,103
53$4,802,065$2,071,572$1,570,902$3,602,376
54$5,213,086$2,094,289$1,544,738$3,826,981
55$5,663,550$2,115,638$1,515,215$4,071,770
56$6,157,400$2,135,473$1,482,143$4,338,788
57$6,698,983$2,153,639$1,445,323$4,630,290
58$7,293,084$2,169,972$1,404,546$4,948,763
59$7,944,973$2,184,295$1,359,592$5,296,953
60$8,660,456$2,196,421$1,310,235$5,677,887
61$9,445,929$2,206,153$1,256,234$6,094,905
62$10,308,437$2,213,277$1,197,341$6,551,692
63$11,255,740$2,217,570$1,133,295$7,052,310
64$12,296,387$2,218,793$1,063,821$7,601,243
65$13,439,795$2,216,690$988,636$8,203,435
66$14,696,340$2,210,994$907,442$8,864,340
67$16,077,452$2,201,418$819,926$9,589,973
68$17,595,724$2,187,659$725,765$10,386,967
69$19,265,027$2,169,394$624,618$11,262,641
70$21,100,647$2,146,282$516,130$12,225,062
71$23,119,424$2,117,960$399,931$13,283,131
72$25,339,912$2,084,047$275,635$14,446,661
73$27,782,552$2,044,134$142,838$15,726,475
74$30,469,867$1,997,791$1,118$17,134,509
75$33,426,673$1,944,563$0$18,683,923
76$36,680,314$1,883,966$0$20,419,663
77$40,260,915$1,815,490$0$22,329,520
78$44,201,673$1,738,594$0$24,431,008
79$48,539,164$1,652,705$0$26,743,685
80$53,313,689$1,557,218$0$29,289,111
81$58,569,658$1,451,494$0$32,091,048
82$64,356,002$1,334,856$0$35,175,692
83$70,726,638$1,206,588$0$38,571,916
84$77,740,978$1,065,934$0$42,311,546
85$85,464,488$912,095$0$46,429,664
86$93,969,305$744,227$0$50,964,937
87$103,334,917$561,437$0$55,959,989
88$113,648,915$362,784$0$61,461,800
89$125,007,817$147,273$0$67,522,151
90$137,517,979$0$0$74,198,120
91$151,296,597$0$0$81,582,952
92$166,472,815$0$0$89,774,209
93$183,188,942$0$0$98,796,874
94$201,601,795$0$0$108,735,619
95$221,884,178$0$0$119,683,753
96$244,226,512$0$0$131,744,094
97$268,838,634$0$0$145,029,948
98$295,951,775$0$0$159,666,169
99$325,820,741$0$0$175,790,345
100$358,726,322$0$0$193,554,091