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

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$137,081$135,860$134,669$133,506$132,371$129,645
2 years$67,862$66,598$65,373$64,186$63,034$60,300
3 years$44,792$43,523$42,301$41,124$39,991$37,335
4 years$33,259$31,994$30,784$29,628$28,522$25,963
5 years$26,341$25,083$23,890$22,757$21,682$19,228
6 years$21,731$20,483$19,306$18,199$17,156$14,810
7 years$18,439$17,201$16,044$14,962$13,953$11,715
8 years$15,971$14,745$13,606$12,552$11,575$9,445
9 years$14,053$12,838$11,719$10,691$9,748$7,723
10 years$12,519$11,316$10,217$9,216$8,306$6,385
11 years$11,265$10,074$8,995$8,021$7,143$5,324
12 years$10,221$9,042$7,983$7,035$6,190$4,470
13 years$9,338$8,171$7,132$6,211$5,398$3,774
14 years$8,582$7,427$6,408$5,513$4,732$3,201
15 years$7,927$6,785$5,786$4,917$4,166$2,725
16 years$7,354$6,225$5,246$4,403$3,682$2,327
17 years$6,850$5,733$4,773$3,956$3,265$1,992
18 years$6,402$5,298$4,357$3,565$2,903$1,710
19 years$6,002$4,910$3,989$3,221$2,587$1,470
20 years$5,642$4,562$3,661$2,917$2,311$1,266
21 years$5,317$4,250$3,367$2,648$2,068$1,091
22 years$5,021$3,967$3,104$2,407$1,854$942
23 years$4,752$3,710$2,866$2,192$1,664$814
24 years$4,506$3,476$2,650$2,000$1,496$704
25 years$4,280$3,262$2,455$1,826$1,346$609
26 years$4,071$3,066$2,276$1,670$1,212$528
27 years$3,878$2,885$2,114$1,528$1,093$457
28 years$3,700$2,719$1,965$1,400$986$396
29 years$3,534$2,565$1,829$1,284$891$344
30 years$3,379$2,422$1,703$1,179$805$298
31 years$3,235$2,290$1,588$1,082$728$259
32 years$3,099$2,167$1,482$995$658$225
33 years$2,973$2,052$1,383$915$596$195
34 years$2,854$1,945$1,293$842$539$169
35 years$2,742$1,845$1,208$775$488$147
36 years$2,636$1,751$1,131$714$443$128
37 years$2,537$1,663$1,058$657$401$111
38 years$2,443$1,580$991$606$364$96
39 years$2,354$1,503$928$559$330$84
40 years$2,269$1,430$870$515$299$73
41 years$2,189$1,361$816$475$271$63
42 years$2,113$1,296$765$439$246$55
43 years$2,041$1,235$718$405$223$48
44 years$1,972$1,177$674$374$203$42
45 years$1,907$1,123$633$345$184$36
46 years$1,844$1,071$595$319$167$31
47 years$1,785$1,022$559$295$152$27
48 years$1,727$976$525$272$138$24
49 years$1,673$932$493$252$125$21
50 years$1,621$890$464$233$114$18

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 $3,835 every year, while hoping to spend $41,469 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: 46/48/6 Blend
39$1,660,000$1,660,000$1,660,000$1,660,000
40$1,833,276$1,745,296$1,719,566$1,914,459
41$1,976,147$1,786,693$1,733,049$2,012,047
42$2,132,202$1,828,728$1,745,593$2,113,198
43$2,302,740$1,871,389$1,757,124$2,221,948
44$2,489,195$1,914,663$1,767,563$2,339,008
45$2,693,142$1,958,531$1,776,826$2,465,167
46$2,916,319$2,002,975$1,784,826$2,601,288
47$3,160,636$2,047,974$1,791,471$2,748,325
48$3,428,200$2,093,503$1,796,664$2,907,327
49$3,721,329$2,139,537$1,800,304$3,079,450
50$4,042,575$2,186,046$1,802,285$3,265,966
51$4,394,752$2,232,995$1,802,496$3,468,277
52$4,780,955$2,280,350$1,800,817$3,687,929
53$5,204,595$2,328,071$1,797,128$3,926,622
54$5,669,431$2,376,113$1,791,299$4,186,231
55$6,179,600$2,424,430$1,783,194$4,468,822
56$6,739,660$2,472,968$1,772,672$4,776,671
57$7,354,633$2,521,671$1,759,585$5,112,285
58$8,030,051$2,570,478$1,743,776$5,478,428
59$8,772,007$2,619,322$1,725,083$5,878,146
60$9,587,213$2,668,131$1,703,335$6,314,794
61$10,483,065$2,716,825$1,678,353$6,792,070
62$11,467,709$2,765,321$1,649,949$7,314,050
63$12,550,121$2,813,528$1,617,928$7,885,227
64$13,740,190$2,861,347$1,582,085$8,510,551
65$15,048,809$2,908,672$1,542,205$9,195,478
66$16,487,981$2,955,391$1,498,062$9,946,022
67$18,070,931$3,001,382$1,449,424$10,768,811
68$19,812,229$3,046,512$1,396,042$11,671,149
69$21,727,929$3,090,644$1,337,662$12,661,089
70$23,835,718$3,133,625$1,274,014$13,747,504
71$26,155,084$3,175,296$1,204,817$14,940,177
72$28,707,502$3,215,485$1,129,777$16,249,886
73$31,516,632$3,254,008$1,048,589$17,688,516
74$34,608,543$3,290,669$960,931$19,269,163
75$38,011,961$3,325,259$866,469$21,006,263
76$41,758,538$3,357,554$764,853$22,915,727
77$45,883,151$3,387,316$655,718$25,015,093
78$50,424,230$3,414,292$538,682$27,323,689
79$55,424,120$3,438,210$413,346$29,862,822
80$60,929,482$3,458,785$279,295$32,655,975
81$66,991,733$3,475,709$136,095$35,729,030
82$73,667,527$3,488,656$0$39,110,516
83$81,019,296$3,497,281$0$42,832,947
84$89,115,832$3,501,216$0$46,939,277
85$98,032,940$3,500,069$0$51,459,016
86$107,854,153$3,493,426$0$56,434,297
87$118,671,519$3,480,845$0$61,911,560
88$130,586,467$3,461,860$0$67,941,987
89$143,710,769$3,435,974$0$74,581,986
90$158,167,592$3,402,661$0$81,893,729
91$174,092,657$3,361,362$0$89,945,735
92$191,635,527$3,311,487$0$98,813,521
93$210,961,009$3,252,409$0$108,580,318
94$232,250,719$3,183,463$0$119,337,855
95$255,704,787$3,103,948$0$131,187,229
96$281,543,751$3,013,118$0$144,239,860
97$310,010,638$2,910,185$0$158,618,545
98$341,373,255$2,794,315$0$174,458,622
99$375,926,716$2,664,626$0$191,909,247
100$413,996,232$2,520,183$0$211,134,804