Can I retire at age 40 with 1,640,000?

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$135,430$134,223$133,046$131,898$130,776$126,236
2 years$67,044$65,796$64,586$63,412$62,274$57,748
3 years$44,252$42,998$41,791$40,629$39,509$35,138
4 years$32,858$31,608$30,413$29,271$28,178$23,996
5 years$26,024$24,781$23,602$22,483$21,421$17,438
6 years$21,469$20,236$19,074$17,980$16,950$13,169
7 years$18,217$16,994$15,850$14,782$13,784$10,206
8 years$15,779$14,567$13,442$12,400$11,436$8,056
9 years$13,884$12,683$11,578$10,562$9,630$6,446
10 years$12,368$11,180$10,094$9,105$8,206$5,211
11 years$11,129$9,953$8,887$7,924$7,057$4,246
12 years$10,098$8,933$7,887$6,950$6,116$3,481
13 years$9,225$8,073$7,046$6,136$5,333$2,868
14 years$8,478$7,338$6,331$5,447$4,675$2,373
15 years$7,831$6,703$5,716$4,858$4,116$1,970
16 years$7,266$6,150$5,182$4,350$3,638$1,639
17 years$6,767$5,664$4,716$3,908$3,225$1,367
18 years$6,325$5,234$4,305$3,522$2,868$1,142
19 years$5,929$4,851$3,941$3,182$2,556$956
20 years$5,574$4,507$3,617$2,882$2,283$801
21 years$5,253$4,199$3,327$2,616$2,043$672
22 years$4,961$3,919$3,066$2,378$1,832$564
23 years$4,695$3,666$2,831$2,166$1,644$474
24 years$4,452$3,434$2,618$1,976$1,478$398
25 years$4,228$3,223$2,425$1,804$1,330$335
26 years$4,022$3,029$2,249$1,650$1,198$282
27 years$3,832$2,851$2,088$1,510$1,080$237
28 years$3,655$2,686$1,941$1,383$974$200
29 years$3,491$2,534$1,807$1,269$880$168
30 years$3,338$2,393$1,683$1,164$795$142
31 years$3,196$2,262$1,569$1,069$719$119
32 years$3,062$2,141$1,464$983$650$100
33 years$2,937$2,027$1,367$904$588$85
34 years$2,819$1,921$1,277$831$533$71
35 years$2,709$1,822$1,194$765$483$60
36 years$2,605$1,730$1,117$705$437$51
37 years$2,506$1,643$1,045$650$396$43
38 years$2,413$1,561$979$599$359$36
39 years$2,325$1,485$917$552$326$30
40 years$2,242$1,412$860$509$295$26
41 years$2,163$1,345$806$470$268$22
42 years$2,088$1,281$756$434$243$18
43 years$2,017$1,220$710$400$221$15
44 years$1,949$1,163$666$370$200$13
45 years$1,884$1,109$625$341$182$11
46 years$1,822$1,058$587$315$165$9
47 years$1,763$1,010$552$291$150$8
48 years$1,707$964$519$269$136$7
49 years$1,653$920$487$249$124$6
50 years$1,601$879$458$230$112$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,640,000, adding $2,639 every year, while hoping to spend $36,699 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: 52/25/23 Blend
39$1,640,000$1,640,000$1,640,000$1,640,000
40$1,810,002$1,723,082$1,697,662$1,892,426
41$1,955,575$1,768,466$1,715,486$1,995,033
42$2,114,766$1,814,843$1,732,678$2,102,594
43$2,288,926$1,862,224$1,749,176$2,218,835
44$2,479,542$1,910,618$1,764,919$2,344,594
45$2,688,250$1,960,034$1,779,839$2,480,797
46$2,916,854$2,010,478$1,793,866$2,628,461
47$3,167,340$2,061,958$1,806,927$2,788,710
48$3,441,893$2,114,479$1,818,944$2,962,778
49$3,742,923$2,168,045$1,829,835$3,152,028
50$4,073,081$2,222,659$1,839,515$3,357,961
51$4,435,290$2,278,324$1,847,893$3,582,229
52$4,832,767$2,335,039$1,854,874$3,826,654
53$5,269,056$2,392,803$1,860,359$4,093,244
54$5,748,062$2,451,612$1,864,244$4,384,210
55$6,274,086$2,511,463$1,866,418$4,701,990
56$6,851,865$2,572,347$1,866,765$5,049,269
57$7,486,620$2,634,257$1,865,166$5,429,007
58$8,184,099$2,697,179$1,861,493$5,844,467
59$8,950,637$2,761,101$1,855,613$6,299,241
60$9,793,212$2,826,005$1,847,387$6,797,293
61$10,719,513$2,891,873$1,836,667$7,342,988
62$11,738,010$2,958,681$1,823,302$7,941,138
63$12,858,034$3,026,403$1,807,129$8,597,044
64$14,089,866$3,095,010$1,787,982$9,316,552
65$15,444,836$3,164,469$1,765,682$10,106,102
66$16,935,423$3,234,742$1,740,047$10,972,793
67$18,575,380$3,305,788$1,710,882$11,924,448
68$20,379,857$3,377,560$1,677,985$12,969,689
69$22,365,550$3,450,007$1,641,144$14,118,019
70$24,550,851$3,523,073$1,600,138$15,379,913
71$26,956,030$3,596,696$1,554,735$16,766,912
72$29,603,419$3,670,807$1,504,692$18,291,740
73$32,517,624$3,745,333$1,449,756$19,968,416
74$35,725,760$3,820,193$1,389,660$21,812,396
75$39,257,702$3,895,297$1,324,129$23,840,709
76$43,146,372$3,970,551$1,252,872$26,072,128
77$47,428,045$4,045,851$1,175,586$28,527,339
78$52,142,692$4,121,084$1,091,954$31,229,145
79$57,334,358$4,196,128$1,001,646$34,202,673
80$63,051,576$4,270,852$904,315$37,475,620
81$69,347,828$4,345,115$799,601$41,078,510
82$76,282,045$4,418,765$687,126$45,044,983
83$83,919,165$4,491,636$566,496$49,412,115
84$92,330,747$4,563,553$437,301$54,220,767
85$101,595,643$4,634,326$299,110$59,515,975
86$111,800,743$4,703,753$151,475$65,347,371
87$123,041,797$4,771,616$0$71,769,655
88$135,424,317$4,837,681$0$78,844,603
89$149,064,569$4,901,699$0$86,676,932
90$164,090,677$4,963,405$0$95,302,777
91$180,643,826$5,022,511$0$104,802,969
92$198,879,597$5,078,715$0$115,266,579
93$218,969,435$5,131,691$0$126,791,767
94$241,102,266$5,181,092$0$139,486,704
95$265,486,281$5,226,549$0$153,470,593
96$292,350,900$5,267,669$0$168,874,797
97$321,948,939$5,304,032$0$185,844,077
98$354,558,992$5,335,191$0$204,537,963
99$390,488,066$5,360,672$0$225,132,255
100$430,074,473$5,379,969$0$247,820,686