Can I retire at age 40 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$137,081$135,860$134,669$133,506$132,371$127,827
2 years$67,862$66,598$65,373$64,186$63,034$58,502
3 years$44,792$43,523$42,301$41,124$39,991$35,614
4 years$33,259$31,994$30,784$29,628$28,522$24,333
5 years$26,341$25,083$23,890$22,757$21,682$17,692
6 years$21,731$20,483$19,306$18,199$17,156$13,369
7 years$18,439$17,201$16,044$14,962$13,953$10,367
8 years$15,971$14,745$13,606$12,552$11,575$8,188
9 years$14,053$12,838$11,719$10,691$9,748$6,555
10 years$12,519$11,316$10,217$9,216$8,306$5,302
11 years$11,265$10,074$8,995$8,021$7,143$4,323
12 years$10,221$9,042$7,983$7,035$6,190$3,547
13 years$9,338$8,171$7,132$6,211$5,398$2,925
14 years$8,582$7,427$6,408$5,513$4,732$2,421
15 years$7,927$6,785$5,786$4,917$4,166$2,011
16 years$7,354$6,225$5,246$4,403$3,682$1,675
17 years$6,850$5,733$4,773$3,956$3,265$1,398
18 years$6,402$5,298$4,357$3,565$2,903$1,169
19 years$6,002$4,910$3,989$3,221$2,587$979
20 years$5,642$4,562$3,661$2,917$2,311$821
21 years$5,317$4,250$3,367$2,648$2,068$689
22 years$5,021$3,967$3,104$2,407$1,854$579
23 years$4,752$3,710$2,866$2,192$1,664$487
24 years$4,506$3,476$2,650$2,000$1,496$409
25 years$4,280$3,262$2,455$1,826$1,346$344
26 years$4,071$3,066$2,276$1,670$1,212$290
27 years$3,878$2,885$2,114$1,528$1,093$244
28 years$3,700$2,719$1,965$1,400$986$206
29 years$3,534$2,565$1,829$1,284$891$173
30 years$3,379$2,422$1,703$1,179$805$146
31 years$3,235$2,290$1,588$1,082$728$123
32 years$3,099$2,167$1,482$995$658$104
33 years$2,973$2,052$1,383$915$596$88
34 years$2,854$1,945$1,293$842$539$74
35 years$2,742$1,845$1,208$775$488$62
36 years$2,636$1,751$1,131$714$443$53
37 years$2,537$1,663$1,058$657$401$44
38 years$2,443$1,580$991$606$364$37
39 years$2,354$1,503$928$559$330$32
40 years$2,269$1,430$870$515$299$27
41 years$2,189$1,361$816$475$271$22
42 years$2,113$1,296$765$439$246$19
43 years$2,041$1,235$718$405$223$16
44 years$1,972$1,177$674$374$203$14
45 years$1,907$1,123$633$345$184$11
46 years$1,844$1,071$595$319$167$10
47 years$1,785$1,022$559$295$152$8
48 years$1,727$976$525$272$138$7
49 years$1,673$932$493$252$125$6
50 years$1,621$890$464$233$114$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,660,000, adding $5,515 every year, while hoping to spend $28,842 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: 43/37/20 Blend
39$1,660,000$1,660,000$1,660,000$1,660,000
40$1,835,009$1,747,029$1,721,299$1,903,013
41$1,991,492$1,801,945$1,748,275$2,006,554
42$2,162,970$1,858,586$1,775,187$2,115,424
43$2,350,941$1,917,006$1,802,005$2,232,782
44$2,557,057$1,977,259$1,828,692$2,359,425
45$2,783,136$2,039,404$1,855,212$2,496,230
46$3,031,181$2,103,499$1,881,527$2,644,160
47$3,303,397$2,169,607$1,907,594$2,804,276
48$3,602,216$2,237,789$1,933,370$2,977,746
49$3,930,312$2,308,112$1,958,808$3,165,852
50$4,290,636$2,380,641$1,983,860$3,370,009
51$4,686,434$2,455,446$2,008,473$3,591,772
52$5,121,286$2,532,598$2,032,593$3,832,852
53$5,599,133$2,612,172$2,056,160$4,095,134
54$6,124,318$2,694,241$2,079,115$4,380,693
55$6,701,626$2,778,886$2,101,392$4,691,813
56$7,336,326$2,866,186$2,122,924$5,031,009
57$8,034,226$2,956,224$2,143,637$5,401,050
58$8,801,725$3,049,087$2,163,456$5,804,985
59$9,645,871$3,144,862$2,182,301$6,246,173
60$10,574,430$3,243,640$2,200,089$6,728,312
61$11,595,960$3,345,517$2,216,730$7,255,474
62$12,719,888$3,450,587$2,232,131$7,832,147
63$13,956,603$3,558,952$2,246,193$8,463,270
64$15,317,550$3,670,715$2,258,814$9,154,287
65$16,815,341$3,785,981$2,269,886$9,911,193
66$18,463,872$3,904,860$2,279,293$10,740,591
67$20,278,454$4,027,465$2,286,917$11,649,755
68$22,275,959$4,153,913$2,292,631$12,646,701
69$24,474,975$4,284,324$2,296,303$13,740,256
70$26,895,988$4,418,821$2,297,794$14,940,146
71$29,561,568$4,557,532$2,296,959$16,257,086
72$32,496,586$4,700,589$2,293,645$17,702,882
73$35,728,447$4,848,128$2,287,692$19,290,539
74$39,287,351$5,000,288$2,278,932$21,034,387
75$43,206,572$5,157,214$2,267,188$22,950,214
76$47,522,780$5,319,055$2,252,275$25,055,416
77$52,276,378$5,485,963$2,234,001$27,369,157
78$57,511,891$5,658,098$2,212,163$29,912,557
79$63,278,381$5,835,622$2,186,548$32,708,883
80$69,629,912$6,018,703$2,156,933$35,783,773
81$76,626,058$6,207,515$2,123,086$39,165,477
82$84,332,470$6,402,237$2,084,762$42,885,123
83$92,821,488$6,603,052$2,041,708$46,977,008
84$102,172,829$6,810,151$1,993,655$51,478,928
85$112,474,339$7,023,730$1,940,324$56,432,526
86$123,822,819$7,243,991$1,881,422$61,883,692
87$136,324,942$7,471,141$1,816,645$67,882,990
88$150,098,255$7,705,396$1,745,671$74,486,140
89$165,272,293$7,946,977$1,668,167$81,754,540
90$181,989,799$8,196,111$1,583,784$89,755,846
91$200,408,073$8,453,035$1,492,155$98,564,613
92$220,700,453$8,717,991$1,392,899$108,262,994
93$243,057,955$8,991,228$1,285,616$118,941,519
94$267,691,073$9,273,004$1,169,891$130,699,947
95$294,831,767$9,563,586$1,045,287$143,648,207
96$324,735,652$9,863,246$911,348$157,907,439
97$357,684,411$10,172,268$767,601$173,611,132
98$393,988,454$10,490,942$613,549$190,906,387
99$433,989,847$10,819,569$448,673$209,955,306
100$478,065,540$11,158,457$272,433$230,936,519