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

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$135,430$134,223$133,046$131,898$130,776$129,572
2 years$67,044$65,796$64,586$63,412$62,274$61,061
3 years$44,252$42,998$41,791$40,629$39,509$38,325
4 years$32,858$31,608$30,413$29,271$28,178$27,032
5 years$26,024$24,781$23,602$22,483$21,421$20,315
6 years$21,469$20,236$19,074$17,980$16,950$15,886
7 years$18,217$16,994$15,850$14,782$13,784$12,764
8 years$15,779$14,567$13,442$12,400$11,436$10,458
9 years$13,884$12,683$11,578$10,562$9,630$8,695
10 years$12,368$11,180$10,094$9,105$8,206$7,312
11 years$11,129$9,953$8,887$7,924$7,057$6,205
12 years$10,098$8,933$7,887$6,950$6,116$5,304
13 years$9,225$8,073$7,046$6,136$5,333$4,561
14 years$8,478$7,338$6,331$5,447$4,675$3,941
15 years$7,831$6,703$5,716$4,858$4,116$3,420
16 years$7,266$6,150$5,182$4,350$3,638$2,978
17 years$6,767$5,664$4,716$3,908$3,225$2,601
18 years$6,325$5,234$4,305$3,522$2,868$2,277
19 years$5,929$4,851$3,941$3,182$2,556$1,999
20 years$5,574$4,507$3,617$2,882$2,283$1,757
21 years$5,253$4,199$3,327$2,616$2,043$1,547
22 years$4,961$3,919$3,066$2,378$1,832$1,365
23 years$4,695$3,666$2,831$2,166$1,644$1,205
24 years$4,452$3,434$2,618$1,976$1,478$1,065
25 years$4,228$3,223$2,425$1,804$1,330$942
26 years$4,022$3,029$2,249$1,650$1,198$834
27 years$3,832$2,851$2,088$1,510$1,080$739
28 years$3,655$2,686$1,941$1,383$974$656
29 years$3,491$2,534$1,807$1,269$880$582
30 years$3,338$2,393$1,683$1,164$795$516
31 years$3,196$2,262$1,569$1,069$719$459
32 years$3,062$2,141$1,464$983$650$408
33 years$2,937$2,027$1,367$904$588$362
34 years$2,819$1,921$1,277$831$533$322
35 years$2,709$1,822$1,194$765$483$286
36 years$2,605$1,730$1,117$705$437$255
37 years$2,506$1,643$1,045$650$396$227
38 years$2,413$1,561$979$599$359$202
39 years$2,325$1,485$917$552$326$179
40 years$2,242$1,412$860$509$295$160
41 years$2,163$1,345$806$470$268$142
42 years$2,088$1,281$756$434$243$127
43 years$2,017$1,220$710$400$221$113
44 years$1,949$1,163$666$370$200$100
45 years$1,884$1,109$625$341$182$89
46 years$1,822$1,058$587$315$165$80
47 years$1,763$1,010$552$291$150$71
48 years$1,707$964$519$269$136$63
49 years$1,653$920$487$249$124$56
50 years$1,601$879$458$230$112$50

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 $4,116 every year, while hoping to spend $35,089 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: 39/43/18 Blend
39$1,640,000$1,640,000$1,640,000$1,640,000
40$1,811,526$1,724,606$1,699,186$1,872,291
41$1,958,967$1,771,777$1,718,774$1,963,361
42$2,120,271$1,820,084$1,737,842$2,058,102
43$2,296,815$1,869,544$1,756,337$2,159,808
44$2,490,115$1,920,177$1,774,199$2,269,131
45$2,701,842$1,972,000$1,791,369$2,386,783
46$2,933,833$2,025,031$1,807,783$2,513,551
47$3,188,113$2,079,287$1,823,374$2,650,301
48$3,466,914$2,134,786$1,838,070$2,797,987
49$3,772,691$2,191,542$1,851,797$2,957,656
50$4,108,151$2,249,573$1,864,477$3,130,465
51$4,476,272$2,308,892$1,876,028$3,317,686
52$4,880,339$2,369,514$1,886,361$3,520,721
53$5,323,965$2,431,453$1,895,386$3,741,111
54$5,811,136$2,494,720$1,903,008$3,980,557
55$6,346,238$2,559,327$1,909,125$4,240,931
56$6,934,105$2,625,285$1,913,631$4,524,295
57$7,580,061$2,692,602$1,916,415$4,832,922
58$8,289,974$2,761,285$1,917,361$5,169,315
59$9,070,305$2,831,342$1,916,347$5,536,231
60$9,928,174$2,902,776$1,913,243$5,936,708
61$10,871,427$2,975,591$1,907,915$6,374,094
62$11,908,704$3,049,786$1,900,222$6,852,077
63$13,049,528$3,125,362$1,890,015$7,374,723
64$14,304,389$3,202,314$1,877,140$7,946,508
65$15,684,846$3,280,637$1,861,434$8,572,368
66$17,203,634$3,360,322$1,842,725$9,257,742
67$18,874,784$3,441,358$1,820,837$10,008,621
68$20,713,759$3,523,730$1,795,581$10,831,609
69$22,737,591$3,607,422$1,766,762$11,733,983
70$24,965,052$3,692,412$1,734,175$12,723,763
71$27,416,823$3,778,676$1,697,606$13,809,786
72$30,115,692$3,866,185$1,656,829$15,001,793
73$33,086,771$3,954,906$1,611,611$16,310,516
74$36,357,727$4,044,801$1,561,705$17,747,785
75$39,959,047$4,135,829$1,506,855$19,326,635
76$43,924,327$4,227,941$1,446,791$21,061,434
77$48,290,583$4,321,085$1,381,233$22,968,015
78$53,098,605$4,415,201$1,309,887$25,063,828
79$58,393,340$4,510,224$1,232,446$27,368,102
80$64,224,317$4,606,081$1,148,589$29,902,033
81$70,646,111$4,702,693$1,057,981$32,688,979
82$77,718,863$4,799,973$960,271$35,754,681
83$85,508,840$4,897,825$855,094$39,127,510
84$94,089,069$4,996,146$742,067$42,838,733
85$103,540,019$5,094,821$620,790$46,922,810
86$113,950,362$5,193,729$490,848$51,417,716
87$125,417,812$5,292,735$351,805$56,365,306
88$138,050,044$5,391,694$203,205$61,811,708
89$151,965,711$5,490,450$44,575$67,807,757
90$167,295,566$5,588,833$0$74,409,481
91$184,183,690$5,686,663$0$81,702,576
92$202,788,858$5,783,741$0$89,741,833
93$223,286,033$5,879,856$0$98,593,783
94$245,868,021$5,974,782$0$108,341,185
95$270,747,287$6,068,273$0$119,075,242
96$298,157,960$6,160,069$0$130,896,459
97$328,358,047$6,249,887$0$143,915,596
98$361,631,865$6,337,428$0$158,254,708
99$398,292,722$6,422,370$0$174,048,305
100$438,685,881$6,504,367$0$191,444,617