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%14.7%
1 years$133,778$132,586$131,424$130,289$129,181$126,676
2 years$66,227$64,993$63,798$62,639$61,515$59,002
3 years$43,713$42,474$41,282$40,133$39,028$36,584
4 years$32,458$31,223$30,042$28,914$27,835$25,480
5 years$25,707$24,479$23,314$22,209$21,160$18,900
6 years$21,207$19,989$18,841$17,760$16,743$14,581
7 years$17,995$16,787$15,657$14,602$13,616$11,553
8 years$15,586$14,389$13,279$12,249$11,296$9,330
9 years$13,714$12,528$11,437$10,434$9,513$7,644
10 years$12,217$11,043$9,971$8,994$8,106$6,331
11 years$10,994$9,831$8,778$7,827$6,971$5,289
12 years$9,974$8,824$7,790$6,866$6,041$4,449
13 years$9,113$7,974$6,960$6,061$5,268$3,764
14 years$8,375$7,248$6,254$5,381$4,618$3,199
15 years$7,736$6,622$5,646$4,798$4,066$2,729
16 years$7,177$6,075$5,119$4,297$3,593$2,335
17 years$6,685$5,595$4,658$3,860$3,186$2,004
18 years$6,248$5,170$4,252$3,479$2,833$1,723
19 years$5,857$4,791$3,893$3,144$2,525$1,485
20 years$5,506$4,452$3,573$2,847$2,255$1,281
21 years$5,189$4,147$3,286$2,584$2,018$1,107
22 years$4,900$3,871$3,029$2,349$1,809$958
23 years$4,638$3,621$2,797$2,140$1,624$830
24 years$4,397$3,392$2,586$1,951$1,460$719
25 years$4,177$3,184$2,395$1,782$1,314$624
26 years$3,973$2,992$2,222$1,630$1,183$542
27 years$3,785$2,816$2,063$1,492$1,067$471
28 years$3,611$2,653$1,918$1,367$963$409
29 years$3,449$2,503$1,785$1,253$869$356
30 years$3,298$2,364$1,662$1,150$785$309
31 years$3,157$2,235$1,550$1,056$710$269
32 years$3,025$2,115$1,446$971$642$234
33 years$2,901$2,003$1,350$893$581$204
34 years$2,785$1,898$1,261$821$526$177
35 years$2,676$1,800$1,179$756$477$154
36 years$2,573$1,709$1,103$696$432$135
37 years$2,476$1,623$1,033$642$391$117
38 years$2,384$1,542$967$591$355$102
39 years$2,297$1,467$906$545$322$89
40 years$2,215$1,395$849$503$292$77
41 years$2,137$1,328$796$464$265$68
42 years$2,062$1,265$747$428$240$59
43 years$1,992$1,205$701$395$218$51
44 years$1,925$1,149$658$365$198$45
45 years$1,861$1,095$618$337$180$39
46 years$1,800$1,045$580$311$163$34
47 years$1,742$997$545$288$148$30
48 years$1,686$952$512$266$135$26
49 years$1,633$909$481$246$122$22
50 years$1,582$868$453$227$111$20

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 $5,057 every year, while hoping to spend $37,357 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: 33/42/25 Blend
39$1,620,000$1,620,000$1,620,000$1,620,000
40$1,790,456$1,704,596$1,679,486$1,835,739
41$1,933,335$1,748,374$1,696,002$1,914,068
42$2,089,536$1,793,045$1,711,818$1,994,718
43$2,260,377$1,838,613$1,726,873$2,080,894
44$2,447,313$1,885,082$1,741,100$2,173,107
45$2,651,941$1,932,453$1,754,429$2,271,923
46$2,876,024$1,980,729$1,766,788$2,377,964
47$3,121,502$2,029,907$1,778,098$2,491,916
48$3,390,510$2,079,988$1,788,280$2,614,533
49$3,685,402$2,130,967$1,797,246$2,746,648
50$4,008,767$2,182,839$1,804,909$2,889,177
51$4,363,461$2,235,597$1,811,173$3,043,131
52$4,752,626$2,289,234$1,815,939$3,209,625
53$5,179,725$2,343,737$1,819,104$3,389,885
54$5,648,572$2,399,095$1,820,559$3,585,265
55$6,163,367$2,455,292$1,820,189$3,797,256
56$6,728,739$2,512,309$1,817,873$4,027,502
57$7,349,784$2,570,126$1,813,486$4,277,816
58$8,032,120$2,628,720$1,806,895$4,550,196
59$8,781,933$2,688,064$1,797,963$4,846,843
60$9,606,038$2,748,128$1,786,543$5,170,186
61$10,511,945$2,808,877$1,772,484$5,522,903
62$11,507,927$2,870,276$1,755,625$5,907,942
63$12,603,098$2,932,281$1,735,800$6,328,558
64$13,807,498$2,994,847$1,712,834$6,788,337
65$15,132,193$3,057,924$1,686,544$7,291,233
66$16,589,370$3,121,457$1,656,737$7,841,605
67$18,192,461$3,185,383$1,623,213$8,444,259
68$19,956,263$3,249,638$1,585,762$9,104,491
69$21,897,081$3,314,149$1,544,163$9,828,144
70$24,032,877$3,378,837$1,498,187$10,621,656
71$26,383,448$3,443,617$1,447,594$11,492,126
72$28,970,602$3,508,396$1,392,130$12,447,379
73$31,818,371$3,573,075$1,331,534$13,496,044
74$34,953,235$3,637,546$1,265,530$14,647,631
75$38,404,370$3,701,691$1,193,831$15,912,624
76$42,203,927$3,765,386$1,116,136$17,302,585
77$46,387,333$3,828,494$1,032,131$18,830,253
78$50,993,621$3,890,871$941,488$20,509,678
79$56,065,806$3,952,359$843,864$22,356,343
80$61,651,286$4,012,792$738,901$24,387,319
81$67,802,288$4,071,990$626,225$26,621,423
82$74,576,363$4,129,759$505,445$29,079,400
83$82,036,928$4,185,893$376,153$31,784,114
84$90,253,864$4,240,172$237,925$34,760,773
85$99,304,178$4,292,359$90,314$38,037,161
86$109,272,722$4,342,203$0$41,643,907
87$120,253,002$4,389,434$0$45,632,698
88$132,348,057$4,433,765$0$50,049,696
89$145,671,429$4,474,889$0$54,911,939
90$160,348,237$4,512,481$0$60,264,783
91$176,516,356$4,546,191$0$66,158,213
92$194,327,720$4,575,650$0$72,647,317
93$213,949,754$4,600,464$0$79,792,807
94$235,566,954$4,620,212$0$87,661,589
95$259,382,631$4,634,450$0$96,327,402
96$285,620,824$4,642,702$0$105,871,511
97$314,528,418$4,644,465$0$116,383,475
98$346,377,478$4,639,205$0$127,961,994
99$381,467,806$4,626,352$0$140,715,844
100$420,129,783$4,605,304$0$154,764,904