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%13.8%
1 years$134,604$133,405$132,235$131,093$129,978$127,931
2 years$66,636$65,395$64,192$63,026$61,895$59,837
3 years$43,982$42,736$41,536$40,381$39,268$37,264
4 years$32,658$31,416$30,228$29,092$28,007$26,072
5 years$25,865$24,630$23,458$22,346$21,290$19,431
6 years$21,338$20,112$18,958$17,870$16,846$15,064
7 years$18,106$16,890$15,754$14,692$13,700$11,996
8 years$15,683$14,478$13,361$12,325$11,366$9,739
9 years$13,799$12,606$11,507$10,498$9,572$8,021
10 years$12,293$11,111$10,032$9,049$8,156$6,680
11 years$11,061$9,892$8,832$7,876$7,014$5,613
12 years$10,036$8,878$7,839$6,908$6,078$4,749
13 years$9,169$8,023$7,003$6,099$5,300$4,041
14 years$8,426$7,293$6,292$5,414$4,646$3,455
15 years$7,784$6,662$5,681$4,828$4,091$2,966
16 years$7,222$6,113$5,151$4,323$3,616$2,554
17 years$6,726$5,629$4,687$3,884$3,206$2,206
18 years$6,286$5,202$4,279$3,500$2,850$1,909
19 years$5,893$4,821$3,917$3,163$2,541$1,656
20 years$5,540$4,480$3,595$2,865$2,269$1,439
21 years$5,221$4,173$3,306$2,600$2,031$1,252
22 years$4,931$3,895$3,047$2,364$1,820$1,091
23 years$4,666$3,643$2,814$2,153$1,634$951
24 years$4,425$3,413$2,602$1,964$1,469$831
25 years$4,202$3,203$2,410$1,793$1,322$726
26 years$3,998$3,011$2,235$1,640$1,190$635
27 years$3,808$2,833$2,076$1,501$1,073$555
28 years$3,633$2,670$1,930$1,375$968$486
29 years$3,470$2,519$1,796$1,261$875$426
30 years$3,318$2,379$1,673$1,157$790$373
31 years$3,176$2,249$1,559$1,063$714$327
32 years$3,043$2,128$1,455$977$646$287
33 years$2,919$2,015$1,358$898$585$251
34 years$2,802$1,910$1,269$826$529$220
35 years$2,692$1,811$1,187$761$480$193
36 years$2,589$1,719$1,110$701$435$170
37 years$2,491$1,633$1,039$646$394$149
38 years$2,399$1,552$973$595$357$131
39 years$2,311$1,476$912$549$324$115
40 years$2,228$1,404$854$506$294$101
41 years$2,150$1,336$801$467$266$89
42 years$2,075$1,273$752$431$242$78
43 years$2,004$1,213$705$398$219$68
44 years$1,937$1,156$662$367$199$60
45 years$1,872$1,102$622$339$181$53
46 years$1,811$1,052$584$313$164$46
47 years$1,752$1,003$548$289$149$41
48 years$1,696$958$515$267$135$36
49 years$1,643$915$484$247$123$31
50 years$1,591$874$455$228$112$28

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 $2,399 every year, while hoping to spend $29,399 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: 68/27/5 Blend
39$1,630,000$1,630,000$1,630,000$1,630,000
40$1,798,735$1,712,345$1,687,080$1,919,858
41$1,950,925$1,764,969$1,712,316$2,052,957
42$2,117,654$1,819,187$1,737,413$2,194,633
43$2,300,373$1,875,045$1,762,335$2,348,749
44$2,500,680$1,932,592$1,787,043$2,516,516
45$2,720,338$1,991,877$1,811,497$2,699,265
46$2,961,285$2,052,952$1,835,655$2,898,462
47$3,225,658$2,115,869$1,859,471$3,115,720
48$3,515,811$2,180,682$1,882,899$3,352,816
49$3,834,334$2,247,446$1,905,887$3,611,706
50$4,184,085$2,316,219$1,928,382$3,894,542
51$4,568,207$2,387,059$1,950,329$4,203,696
52$4,990,166$2,460,027$1,971,667$4,541,778
53$5,453,779$2,535,185$1,992,334$4,911,662
54$5,963,251$2,612,595$2,012,263$5,316,516
55$6,523,215$2,692,324$2,031,386$5,759,824
56$7,138,773$2,774,439$2,049,628$6,245,427
57$7,815,550$2,859,008$2,066,913$6,777,555
58$8,559,739$2,946,103$2,083,158$7,360,864
59$9,378,167$3,035,796$2,098,277$8,000,487
60$10,278,352$3,128,162$2,112,182$8,702,074
61$11,268,580$3,223,278$2,124,776$9,471,851
62$12,357,978$3,321,222$2,135,959$10,316,676
63$13,556,606$3,422,076$2,145,628$11,244,103
64$14,875,544$3,525,922$2,153,671$12,262,455
65$16,327,003$3,632,846$2,159,972$13,380,899
66$17,924,437$3,742,935$2,164,410$14,609,537
67$19,682,669$3,856,278$2,166,858$15,959,495
68$21,618,034$3,972,969$2,167,181$17,443,033
69$23,748,531$4,093,101$2,165,238$19,073,658
70$26,093,989$4,216,771$2,160,882$20,866,251
71$28,676,262$4,344,079$2,153,958$22,837,207
72$31,519,429$4,475,127$2,144,303$25,004,590
73$34,650,022$4,610,019$2,131,748$27,388,305
74$38,097,277$4,748,863$2,116,114$30,010,281
75$41,893,409$4,891,768$2,097,215$32,894,680
76$46,073,919$5,038,847$2,074,854$36,068,127
77$50,677,924$5,190,215$2,048,826$39,559,957
78$55,748,528$5,345,991$2,018,917$43,402,493
79$61,333,229$5,506,296$1,984,902$47,631,352
80$67,484,367$5,671,254$1,946,546$52,285,778
81$74,259,620$5,840,992$1,903,602$57,409,015
82$81,722,540$6,015,640$1,855,812$63,048,712
83$89,943,165$6,195,332$1,802,907$69,257,376
84$98,998,669$6,380,204$1,744,606$76,092,862
85$108,974,095$6,570,396$1,680,612$83,618,924
86$119,963,157$6,766,050$1,610,617$91,905,811
87$132,069,126$6,967,313$1,534,299$101,030,935
88$145,405,800$7,174,334$1,451,321$111,079,597
89$160,098,581$7,387,267$1,361,331$122,145,795
90$176,285,661$7,606,267$1,263,959$134,333,109
91$194,119,318$7,831,494$1,158,822$147,755,676
92$213,767,363$8,063,112$1,045,517$162,539,272
93$235,414,717$8,301,287$923,625$178,822,497
94$259,265,158$8,546,190$792,706$196,758,078
95$285,543,245$8,797,994$652,302$216,514,318
96$314,496,438$9,056,878$501,936$238,276,679
97$346,397,431$9,323,022$341,108$262,249,534
98$381,546,731$9,596,611$169,297$288,658,095
99$420,275,486$9,877,834$0$317,750,539
100$462,948,621$10,166,884$0$349,801,099