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%13.7%
1 years$134,604$133,405$132,235$131,093$129,978$127,983
2 years$66,636$65,395$64,192$63,026$61,895$59,889
3 years$43,982$42,736$41,536$40,381$39,268$37,315
4 years$32,658$31,416$30,228$29,092$28,007$26,121
5 years$25,865$24,630$23,458$22,346$21,290$19,477
6 years$21,338$20,112$18,958$17,870$16,846$15,108
7 years$18,106$16,890$15,754$14,692$13,700$12,038
8 years$15,683$14,478$13,361$12,325$11,366$9,779
9 years$13,799$12,606$11,507$10,498$9,572$8,059
10 years$12,293$11,111$10,032$9,049$8,156$6,716
11 years$11,061$9,892$8,832$7,876$7,014$5,646
12 years$10,036$8,878$7,839$6,908$6,078$4,780
13 years$9,169$8,023$7,003$6,099$5,300$4,071
14 years$8,426$7,293$6,292$5,414$4,646$3,483
15 years$7,784$6,662$5,681$4,828$4,091$2,991
16 years$7,222$6,113$5,151$4,323$3,616$2,578
17 years$6,726$5,629$4,687$3,884$3,206$2,228
18 years$6,286$5,202$4,279$3,500$2,850$1,930
19 years$5,893$4,821$3,917$3,163$2,541$1,675
20 years$5,540$4,480$3,595$2,865$2,269$1,457
21 years$5,221$4,173$3,306$2,600$2,031$1,268
22 years$4,931$3,895$3,047$2,364$1,820$1,106
23 years$4,666$3,643$2,814$2,153$1,634$965
24 years$4,425$3,413$2,602$1,964$1,469$843
25 years$4,202$3,203$2,410$1,793$1,322$737
26 years$3,998$3,011$2,235$1,640$1,190$645
27 years$3,808$2,833$2,076$1,501$1,073$565
28 years$3,633$2,670$1,930$1,375$968$495
29 years$3,470$2,519$1,796$1,261$875$434
30 years$3,318$2,379$1,673$1,157$790$381
31 years$3,176$2,249$1,559$1,063$714$334
32 years$3,043$2,128$1,455$977$646$293
33 years$2,919$2,015$1,358$898$585$257
34 years$2,802$1,910$1,269$826$529$226
35 years$2,692$1,811$1,187$761$480$198
36 years$2,589$1,719$1,110$701$435$174
37 years$2,491$1,633$1,039$646$394$153
38 years$2,399$1,552$973$595$357$134
39 years$2,311$1,476$912$549$324$118
40 years$2,228$1,404$854$506$294$104
41 years$2,150$1,336$801$467$266$91
42 years$2,075$1,273$752$431$242$80
43 years$2,004$1,213$705$398$219$70
44 years$1,937$1,156$662$367$199$62
45 years$1,872$1,102$622$339$181$54
46 years$1,811$1,052$584$313$164$48
47 years$1,752$1,003$548$289$149$42
48 years$1,696$958$515$267$135$37
49 years$1,643$915$484$247$123$33
50 years$1,591$874$455$228$112$29

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 $2,443 every year, while hoping to spend $43,254 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: 70/11/19 Blend
39$1,630,000$1,630,000$1,630,000$1,630,000
40$1,798,780$1,712,390$1,687,125$1,916,254
41$1,936,234$1,750,275$1,697,622$2,032,755
42$2,086,258$1,788,567$1,707,020$2,154,869
43$2,250,089$1,827,240$1,715,239$2,287,449
44$2,429,089$1,866,265$1,722,190$2,431,525
45$2,624,755$1,905,612$1,727,783$2,588,233
46$2,838,739$1,945,245$1,731,922$2,758,823
47$3,072,856$1,985,128$1,734,507$2,944,671
48$3,329,106$2,025,218$1,735,432$3,147,295
49$3,609,693$2,065,472$1,734,587$3,368,369
50$3,917,042$2,105,840$1,731,856$3,609,734
51$4,253,824$2,146,270$1,727,117$3,873,422
52$4,622,981$2,186,704$1,720,242$4,161,670
53$5,027,753$2,227,081$1,711,098$4,476,944
54$5,471,708$2,267,332$1,699,544$4,821,962
55$5,958,777$2,307,386$1,685,434$5,199,718
56$6,493,290$2,347,165$1,668,613$5,613,514
57$7,080,014$2,386,585$1,648,920$6,066,987
58$7,724,203$2,425,555$1,626,186$6,564,145
59$8,431,643$2,463,978$1,600,235$7,109,406
60$9,208,708$2,501,751$1,570,881$7,707,639
61$10,062,421$2,538,762$1,537,930$8,364,211
62$11,000,517$2,574,890$1,501,179$9,085,034
63$12,031,518$2,610,008$1,460,417$9,876,628
64$13,164,813$2,643,978$1,415,421$10,746,174
65$14,410,746$2,676,655$1,365,959$11,701,591
66$15,780,712$2,707,881$1,311,789$12,751,603
67$17,287,267$2,737,490$1,252,656$13,905,826
68$18,944,243$2,765,302$1,188,296$15,174,858
69$20,766,882$2,791,128$1,118,430$16,570,381
70$22,771,975$2,814,764$1,042,769$18,105,268
71$24,978,025$2,835,996$961,009$19,793,706
72$27,405,415$2,854,592$872,835$21,651,332
73$30,076,608$2,870,307$777,915$23,695,380
74$33,016,351$2,882,881$675,905$25,944,843
75$36,251,914$2,892,038$566,443$28,420,654
76$39,813,343$2,897,482$449,153$31,145,883
77$43,733,746$2,898,900$323,641$34,145,956
78$48,049,602$2,895,960$189,497$37,448,895
79$52,801,108$2,888,309$46,292$41,085,583
80$58,032,557$2,875,572$0$45,090,057
81$63,792,755$2,857,351$0$49,521,426
82$70,135,480$2,833,226$0$54,410,853
83$77,119,993$2,802,748$0$59,794,604
84$84,811,593$2,765,443$0$65,722,996
85$93,282,235$2,720,809$0$72,251,477
86$102,611,208$2,668,314$0$79,441,147
87$112,885,884$2,607,394$0$87,359,339
88$124,202,538$2,537,451$0$96,080,252
89$136,667,264$2,457,853$0$105,685,652
90$150,396,968$2,367,930$0$116,265,642
91$165,520,475$2,266,976$0$127,919,516
92$182,179,745$2,154,239$0$140,756,695
93$200,531,211$2,028,928$0$154,897,757
94$220,747,253$1,890,205$0$170,475,582
95$243,017,831$1,737,182$0$187,636,599
96$267,552,270$1,568,924$0$206,542,174
97$294,581,239$1,384,440$0$227,370,130
98$324,358,931$1,182,683$0$250,316,429
99$357,165,456$962,548$0$275,597,019
100$393,309,486$722,866$0$303,449,875