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

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$134,604$133,405$132,235$131,093$129,978$129,431
2 years$66,636$65,395$64,192$63,026$61,895$61,342
3 years$43,982$42,736$41,536$40,381$39,268$38,727
4 years$32,658$31,416$30,228$29,092$28,007$27,482
5 years$25,865$24,630$23,458$22,346$21,290$20,783
6 years$21,338$20,112$18,958$17,870$16,846$16,357
7 years$18,106$16,890$15,754$14,692$13,700$13,230
8 years$15,683$14,478$13,361$12,325$11,366$10,914
9 years$13,799$12,606$11,507$10,498$9,572$9,138
10 years$12,293$11,111$10,032$9,049$8,156$7,740
11 years$11,061$9,892$8,832$7,876$7,014$6,617
12 years$10,036$8,878$7,839$6,908$6,078$5,698
13 years$9,169$8,023$7,003$6,099$5,300$4,938
14 years$8,426$7,293$6,292$5,414$4,646$4,301
15 years$7,784$6,662$5,681$4,828$4,091$3,762
16 years$7,222$6,113$5,151$4,323$3,616$3,303
17 years$6,726$5,629$4,687$3,884$3,206$2,909
18 years$6,286$5,202$4,279$3,500$2,850$2,568
19 years$5,893$4,821$3,917$3,163$2,541$2,273
20 years$5,540$4,480$3,595$2,865$2,269$2,016
21 years$5,221$4,173$3,306$2,600$2,031$1,791
22 years$4,931$3,895$3,047$2,364$1,820$1,594
23 years$4,666$3,643$2,814$2,153$1,634$1,420
24 years$4,425$3,413$2,602$1,964$1,469$1,267
25 years$4,202$3,203$2,410$1,793$1,322$1,131
26 years$3,998$3,011$2,235$1,640$1,190$1,011
27 years$3,808$2,833$2,076$1,501$1,073$905
28 years$3,633$2,670$1,930$1,375$968$810
29 years$3,470$2,519$1,796$1,261$875$726
30 years$3,318$2,379$1,673$1,157$790$650
31 years$3,176$2,249$1,559$1,063$714$583
32 years$3,043$2,128$1,455$977$646$523
33 years$2,919$2,015$1,358$898$585$470
34 years$2,802$1,910$1,269$826$529$422
35 years$2,692$1,811$1,187$761$480$379
36 years$2,589$1,719$1,110$701$435$340
37 years$2,491$1,633$1,039$646$394$306
38 years$2,399$1,552$973$595$357$275
39 years$2,311$1,476$912$549$324$247
40 years$2,228$1,404$854$506$294$222
41 years$2,150$1,336$801$467$266$200
42 years$2,075$1,273$752$431$242$180
43 years$2,004$1,213$705$398$219$162
44 years$1,937$1,156$662$367$199$146
45 years$1,872$1,102$622$339$181$131
46 years$1,811$1,052$584$313$164$118
47 years$1,752$1,003$548$289$149$106
48 years$1,696$958$515$267$135$96
49 years$1,643$915$484$247$123$86
50 years$1,591$874$455$228$112$78

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 $4,379 every year, while hoping to spend $40,184 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: 73/16/11 Blend
39$1,630,000$1,630,000$1,630,000$1,630,000
40$1,800,777$1,714,387$1,689,122$1,928,035
41$1,941,701$1,755,636$1,702,952$2,053,963
42$2,095,652$1,797,560$1,715,899$2,186,435
43$2,263,917$1,840,149$1,727,890$2,330,428
44$2,447,912$1,883,392$1,738,850$2,487,072
45$2,649,196$1,927,276$1,748,699$2,657,609
46$2,869,487$1,971,785$1,757,353$2,843,410
47$3,110,675$2,016,903$1,764,724$3,045,981
48$3,374,842$2,062,609$1,770,720$3,266,985
49$3,664,280$2,108,881$1,775,244$3,508,251
50$3,981,515$2,155,694$1,778,193$3,771,795
51$4,329,327$2,203,021$1,779,460$4,059,837
52$4,710,780$2,250,831$1,778,933$4,374,823
53$5,129,247$2,299,088$1,776,495$4,719,447
54$5,588,443$2,347,757$1,772,020$5,096,680
55$6,092,461$2,396,794$1,765,380$5,509,792
56$6,645,811$2,446,156$1,756,439$5,962,386
57$7,253,457$2,495,791$1,745,053$6,458,435
58$7,920,871$2,545,646$1,731,074$7,002,311
59$8,654,080$2,595,663$1,714,345$7,598,838
60$9,459,723$2,645,777$1,694,702$8,253,325
61$10,345,113$2,695,918$1,671,973$8,971,626
62$11,318,308$2,746,012$1,645,978$9,760,191
63$12,388,186$2,795,977$1,616,529$10,626,126
64$13,564,528$2,845,727$1,583,429$11,577,261
65$14,858,107$2,895,165$1,546,472$12,622,227
66$16,280,797$2,944,191$1,505,441$13,770,531
67$17,845,676$2,992,694$1,460,112$15,032,654
68$19,567,157$3,040,558$1,410,247$16,420,140
69$21,461,118$3,087,656$1,355,601$17,945,715
70$23,545,052$3,133,852$1,295,914$19,623,402
71$25,838,238$3,179,001$1,230,918$21,468,651
72$28,361,914$3,222,947$1,160,329$23,498,492
73$31,139,482$3,265,524$1,083,852$25,731,689
74$34,196,728$3,306,554$1,001,181$28,188,922
75$37,562,066$3,345,847$911,992$30,892,979
76$41,266,802$3,383,199$815,949$33,868,974
77$45,345,434$3,418,394$712,701$37,144,582
78$49,835,972$3,451,199$601,881$40,750,302
79$54,780,303$3,481,370$483,106$44,719,744
80$60,224,579$3,508,642$355,975$49,089,947
81$66,219,656$3,532,736$220,071$53,901,729
82$72,821,575$3,553,354$74,957$59,200,072
83$80,092,087$3,570,179$0$65,034,549
84$88,099,235$3,582,874$0$71,469,166
85$96,918,003$3,591,080$0$78,564,748
86$106,631,013$3,594,416$0$86,378,890
87$117,329,312$3,592,479$0$94,984,768
88$129,113,229$3,584,837$0$104,463,019
89$142,093,319$3,571,035$0$114,902,506
90$156,391,411$3,550,589$0$126,401,152
91$172,141,752$3,522,985$0$139,066,868
92$189,492,278$3,487,679$0$153,018,571
93$208,606,008$3,444,093$0$168,387,305
94$229,662,583$3,391,615$0$185,317,481
95$252,859,958$3,329,596$0$203,968,240
96$278,416,278$3,257,350$0$224,514,952
97$306,571,927$3,174,149$0$247,150,876
98$337,591,804$3,079,223$0$272,088,982
99$371,767,819$2,971,756$0$299,563,963
100$409,421,649$2,850,885$0$329,834,451