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%14.2%
1 years$137,081$135,860$134,669$133,506$132,371$130,071
2 years$67,862$66,598$65,373$64,186$63,034$60,724
3 years$44,792$43,523$42,301$41,124$39,991$37,744
4 years$33,259$31,994$30,784$29,628$28,522$26,354
5 years$26,341$25,083$23,890$22,757$21,682$19,600
6 years$21,731$20,483$19,306$18,199$17,156$15,162
7 years$18,439$17,201$16,044$14,962$13,953$12,047
8 years$15,971$14,745$13,606$12,552$11,575$9,758
9 years$14,053$12,838$11,719$10,691$9,748$8,018
10 years$12,519$11,316$10,217$9,216$8,306$6,661
11 years$11,265$10,074$8,995$8,021$7,143$5,583
12 years$10,221$9,042$7,983$7,035$6,190$4,711
13 years$9,338$8,171$7,132$6,211$5,398$3,999
14 years$8,582$7,427$6,408$5,513$4,732$3,410
15 years$7,927$6,785$5,786$4,917$4,166$2,919
16 years$7,354$6,225$5,246$4,403$3,682$2,507
17 years$6,850$5,733$4,773$3,956$3,265$2,158
18 years$6,402$5,298$4,357$3,565$2,903$1,863
19 years$6,002$4,910$3,989$3,221$2,587$1,611
20 years$5,642$4,562$3,661$2,917$2,311$1,396
21 years$5,317$4,250$3,367$2,648$2,068$1,211
22 years$5,021$3,967$3,104$2,407$1,854$1,052
23 years$4,752$3,710$2,866$2,192$1,664$914
24 years$4,506$3,476$2,650$2,000$1,496$796
25 years$4,280$3,262$2,455$1,826$1,346$693
26 years$4,071$3,066$2,276$1,670$1,212$604
27 years$3,878$2,885$2,114$1,528$1,093$527
28 years$3,700$2,719$1,965$1,400$986$460
29 years$3,534$2,565$1,829$1,284$891$401
30 years$3,379$2,422$1,703$1,179$805$350
31 years$3,235$2,290$1,588$1,082$728$306
32 years$3,099$2,167$1,482$995$658$268
33 years$2,973$2,052$1,383$915$596$234
34 years$2,854$1,945$1,293$842$539$204
35 years$2,742$1,845$1,208$775$488$179
36 years$2,636$1,751$1,131$714$443$156
37 years$2,537$1,663$1,058$657$401$137
38 years$2,443$1,580$991$606$364$120
39 years$2,354$1,503$928$559$330$105
40 years$2,269$1,430$870$515$299$92
41 years$2,189$1,361$816$475$271$80
42 years$2,113$1,296$765$439$246$70
43 years$2,041$1,235$718$405$223$61
44 years$1,972$1,177$674$374$203$54
45 years$1,907$1,123$633$345$184$47
46 years$1,844$1,071$595$319$167$41
47 years$1,785$1,022$559$295$152$36
48 years$1,727$976$525$272$138$32
49 years$1,673$932$493$252$125$28
50 years$1,621$890$464$233$114$24

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 $2,873 every year, while hoping to spend $25,353 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: 44/40/16 Blend
39$1,660,000$1,660,000$1,660,000$1,660,000
40$1,832,283$1,744,303$1,718,573$1,904,324
41$1,992,201$1,802,799$1,749,170$2,013,560
42$2,167,580$1,863,311$1,779,942$2,129,136
43$2,359,972$1,925,912$1,810,869$2,253,866
44$2,571,083$1,990,676$1,841,927$2,388,603
45$2,802,796$2,057,680$1,873,094$2,534,290
46$3,057,181$2,127,006$1,904,342$2,691,960
47$3,336,520$2,198,737$1,935,645$2,862,750
48$3,643,330$2,272,959$1,966,973$3,047,911
49$3,980,377$2,349,763$1,998,295$3,248,818
50$4,350,715$2,429,240$2,029,577$3,466,985
51$4,757,704$2,511,489$2,060,784$3,704,076
52$5,205,047$2,596,609$2,091,877$3,961,923
53$5,696,824$2,684,705$2,122,817$4,242,540
54$6,237,529$2,775,885$2,153,560$4,548,146
55$6,832,114$2,870,260$2,184,062$4,881,182
56$7,486,036$2,967,949$2,214,274$5,244,333
57$8,205,304$3,069,071$2,244,145$5,640,556
58$8,996,542$3,173,753$2,273,621$6,073,108
59$9,867,047$3,282,124$2,302,644$6,545,570
60$10,824,858$3,394,320$2,331,155$7,061,890
61$11,878,834$3,510,482$2,359,090$7,626,410
62$13,038,735$3,630,757$2,386,380$8,243,913
63$14,315,317$3,755,295$2,412,954$8,919,666
64$15,720,429$3,884,254$2,438,738$9,659,469
65$17,267,128$4,017,798$2,463,651$10,469,708
66$18,969,802$4,156,097$2,487,610$11,357,418
67$20,844,304$4,299,327$2,510,527$12,330,344
68$22,908,102$4,447,673$2,532,308$13,397,019
69$25,180,444$4,601,324$2,552,856$14,566,839
70$27,682,539$4,760,480$2,572,067$15,850,155
71$30,437,760$4,925,345$2,589,833$17,258,368
72$33,471,859$5,096,134$2,606,040$18,804,035
73$36,813,213$5,273,069$2,620,567$20,500,990
74$40,493,094$5,456,382$2,633,288$22,364,472
75$44,545,957$5,646,313$2,644,071$24,411,268
76$49,009,773$5,843,111$2,652,776$26,659,869
77$53,926,383$6,047,036$2,659,257$29,130,649
78$59,341,891$6,258,358$2,663,360$31,846,052
79$65,307,105$6,477,358$2,664,923$34,830,802
80$71,878,009$6,704,328$2,663,777$38,112,142
81$79,116,297$6,939,571$2,659,745$41,720,083
82$87,089,952$7,183,403$2,652,639$45,687,691
83$95,873,890$7,436,152$2,642,265$50,051,397
84$105,550,663$7,698,161$2,628,418$54,851,338
85$116,211,243$7,969,782$2,610,882$60,131,738
86$127,955,875$8,251,388$2,589,432$65,941,322
87$140,895,030$8,543,361$2,563,834$72,333,778
88$155,150,440$8,846,102$2,533,839$79,368,259
89$170,856,251$9,160,028$2,499,188$87,109,940
90$188,160,289$9,485,570$2,459,612$95,630,639
91$207,225,455$9,823,180$2,414,826$105,009,483
92$228,231,262$10,173,326$2,364,533$115,333,664
93$251,375,529$10,536,497$2,308,423$126,699,253
94$276,876,249$10,913,201$2,246,171$139,212,110
95$304,973,645$11,303,966$2,177,436$152,988,882
96$335,932,440$11,709,344$2,101,863$168,158,099
97$370,044,354$12,129,907$2,019,081$184,861,389
98$407,630,857$12,566,251$1,928,699$203,254,815
99$449,046,206$13,018,999$1,830,312$223,510,341
100$494,680,786$13,488,798$1,723,495$245,817,459