Can I retire at age 40 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$134,604$133,405$132,235$131,093$129,978$126,785
2 years$66,636$65,395$64,192$63,026$61,895$58,697
3 years$43,982$42,736$41,536$40,381$39,268$36,166
4 years$32,658$31,416$30,228$29,092$28,007$25,024
5 years$25,865$24,630$23,458$22,346$21,290$18,436
6 years$21,338$20,112$18,958$17,870$16,846$14,123
7 years$18,106$16,890$15,754$14,692$13,700$11,108
8 years$15,683$14,478$13,361$12,325$11,366$8,903
9 years$13,799$12,606$11,507$10,498$9,572$7,237
10 years$12,293$11,111$10,032$9,049$8,156$5,946
11 years$11,061$9,892$8,832$7,876$7,014$4,927
12 years$10,036$8,878$7,839$6,908$6,078$4,110
13 years$9,169$8,023$7,003$6,099$5,300$3,447
14 years$8,426$7,293$6,292$5,414$4,646$2,903
15 years$7,784$6,662$5,681$4,828$4,091$2,454
16 years$7,222$6,113$5,151$4,323$3,616$2,081
17 years$6,726$5,629$4,687$3,884$3,206$1,769
18 years$6,286$5,202$4,279$3,500$2,850$1,507
19 years$5,893$4,821$3,917$3,163$2,541$1,286
20 years$5,540$4,480$3,595$2,865$2,269$1,099
21 years$5,221$4,173$3,306$2,600$2,031$940
22 years$4,931$3,895$3,047$2,364$1,820$805
23 years$4,666$3,643$2,814$2,153$1,634$691
24 years$4,425$3,413$2,602$1,964$1,469$593
25 years$4,202$3,203$2,410$1,793$1,322$509
26 years$3,998$3,011$2,235$1,640$1,190$437
27 years$3,808$2,833$2,076$1,501$1,073$376
28 years$3,633$2,670$1,930$1,375$968$323
29 years$3,470$2,519$1,796$1,261$875$278
30 years$3,318$2,379$1,673$1,157$790$239
31 years$3,176$2,249$1,559$1,063$714$206
32 years$3,043$2,128$1,455$977$646$177
33 years$2,919$2,015$1,358$898$585$153
34 years$2,802$1,910$1,269$826$529$131
35 years$2,692$1,811$1,187$761$480$113
36 years$2,589$1,719$1,110$701$435$97
37 years$2,491$1,633$1,039$646$394$84
38 years$2,399$1,552$973$595$357$72
39 years$2,311$1,476$912$549$324$62
40 years$2,228$1,404$854$506$294$54
41 years$2,150$1,336$801$467$266$46
42 years$2,075$1,273$752$431$242$40
43 years$2,004$1,213$705$398$219$34
44 years$1,937$1,156$662$367$199$30
45 years$1,872$1,102$622$339$181$26
46 years$1,811$1,052$584$313$164$22
47 years$1,752$1,003$548$289$149$19
48 years$1,696$958$515$267$135$16
49 years$1,643$915$484$247$123$14
50 years$1,591$874$455$228$112$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,630,000, adding $2,407 every year, while hoping to spend $23,529 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: 59/19/22 Blend
39$1,630,000$1,630,000$1,630,000$1,630,000
40$1,798,743$1,712,353$1,687,088$1,894,198
41$1,957,180$1,771,223$1,718,571$2,018,217
42$2,130,989$1,832,190$1,750,319$2,150,655
43$2,321,713$1,895,331$1,782,318$2,294,583
44$2,531,052$1,960,726$1,814,550$2,451,118
45$2,760,878$2,028,461$1,846,997$2,621,490
46$3,013,254$2,098,621$1,879,637$2,807,054
47$3,290,451$2,171,299$1,912,450$3,009,298
48$3,594,972$2,246,588$1,945,412$3,229,865
49$3,929,575$2,324,586$1,978,499$3,470,561
50$4,297,296$2,405,395$2,011,684$3,733,376
51$4,701,483$2,489,122$2,044,937$4,020,498
52$5,145,821$2,575,876$2,078,230$4,334,341
53$5,634,372$2,665,772$2,111,528$4,677,561
54$6,171,612$2,758,928$2,144,798$5,053,083
55$6,762,470$2,855,469$2,178,002$5,464,129
56$7,412,378$2,955,523$2,211,101$5,914,247
57$8,127,321$3,059,224$2,244,053$6,407,346
58$8,913,892$3,166,711$2,276,814$6,947,731
59$9,779,358$3,278,129$2,309,336$7,540,144
60$10,731,724$3,393,628$2,341,570$8,189,807
61$11,779,809$3,513,365$2,373,462$8,902,477
62$12,933,332$3,637,503$2,404,956$9,684,490
63$14,203,002$3,766,211$2,435,992$10,542,830
64$15,600,619$3,899,665$2,466,508$11,485,189
65$17,139,183$4,038,050$2,496,437$12,520,043
66$18,833,020$4,181,555$2,525,708$13,656,727
67$20,697,917$4,330,380$2,554,248$14,905,529
68$22,751,267$4,484,731$2,581,978$16,277,780
69$25,012,236$4,644,823$2,608,814$17,785,967
70$27,501,946$4,810,880$2,634,671$19,443,846
71$30,243,667$4,983,136$2,659,455$21,266,575
72$33,263,044$5,161,833$2,683,070$23,270,853
73$36,588,335$5,347,223$2,705,413$25,475,079
74$40,250,678$5,539,570$2,726,378$27,899,529
75$44,284,386$5,739,148$2,745,850$30,566,539
76$48,727,268$5,946,241$2,763,711$33,500,723
77$53,620,989$6,161,146$2,779,835$36,729,201
78$59,011,462$6,384,174$2,794,091$40,281,856
79$64,949,278$6,615,646$2,806,340$44,191,616
80$71,490,189$6,855,897$2,816,437$48,494,763
81$78,695,629$7,105,277$2,824,229$53,231,275
82$86,633,298$7,364,150$2,829,555$58,445,205
83$95,377,797$7,632,896$2,832,247$64,185,095
84$105,011,333$7,911,909$2,832,129$70,504,434
85$115,624,498$8,201,601$2,829,014$77,462,161
86$127,317,118$8,502,401$2,822,707$85,123,225
87$140,199,202$8,814,757$2,813,006$93,559,193
88$154,391,974$9,139,133$2,799,695$102,848,927
89$170,029,022$9,476,017$2,782,551$113,079,329
90$187,257,553$9,825,913$2,761,338$124,346,159
91$206,239,791$10,189,350$2,735,810$136,754,939
92$227,154,498$10,566,877$2,705,708$150,421,951
93$250,198,671$10,959,068$2,670,763$165,475,328
94$275,589,393$11,366,520$2,630,692$182,056,270
95$303,565,888$11,789,856$2,585,197$200,320,372
96$334,391,777$12,229,727$2,533,969$220,439,095
97$368,357,565$12,686,811$2,476,684$242,601,381
98$405,783,384$13,161,812$2,413,000$267,015,437
99$447,022,018$13,655,469$2,342,564$293,910,703
100$492,462,227$14,168,551$2,265,004$323,540,011