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%16.4%
1 years$137,081$135,860$134,669$133,506$132,371$128,909
2 years$67,862$66,598$65,373$64,186$63,034$59,570
3 years$44,792$43,523$42,301$41,124$39,991$36,633
4 years$33,259$31,994$30,784$29,628$28,522$25,296
5 years$26,341$25,083$23,890$22,757$21,682$18,597
6 years$21,731$20,483$19,306$18,199$17,156$14,215
7 years$18,439$17,201$16,044$14,962$13,953$11,155
8 years$15,971$14,745$13,606$12,552$11,575$8,920
9 years$14,053$12,838$11,719$10,691$9,748$7,234
10 years$12,519$11,316$10,217$9,216$8,306$5,929
11 years$11,265$10,074$8,995$8,021$7,143$4,900
12 years$10,221$9,042$7,983$7,035$6,190$4,076
13 years$9,338$8,171$7,132$6,211$5,398$3,409
14 years$8,582$7,427$6,408$5,513$4,732$2,864
15 years$7,927$6,785$5,786$4,917$4,166$2,414
16 years$7,354$6,225$5,246$4,403$3,682$2,041
17 years$6,850$5,733$4,773$3,956$3,265$1,730
18 years$6,402$5,298$4,357$3,565$2,903$1,469
19 years$6,002$4,910$3,989$3,221$2,587$1,250
20 years$5,642$4,562$3,661$2,917$2,311$1,065
21 years$5,317$4,250$3,367$2,648$2,068$909
22 years$5,021$3,967$3,104$2,407$1,854$776
23 years$4,752$3,710$2,866$2,192$1,664$663
24 years$4,506$3,476$2,650$2,000$1,496$567
25 years$4,280$3,262$2,455$1,826$1,346$485
26 years$4,071$3,066$2,276$1,670$1,212$416
27 years$3,878$2,885$2,114$1,528$1,093$356
28 years$3,700$2,719$1,965$1,400$986$305
29 years$3,534$2,565$1,829$1,284$891$262
30 years$3,379$2,422$1,703$1,179$805$224
31 years$3,235$2,290$1,588$1,082$728$193
32 years$3,099$2,167$1,482$995$658$165
33 years$2,973$2,052$1,383$915$596$142
34 years$2,854$1,945$1,293$842$539$122
35 years$2,742$1,845$1,208$775$488$104
36 years$2,636$1,751$1,131$714$443$90
37 years$2,537$1,663$1,058$657$401$77
38 years$2,443$1,580$991$606$364$66
39 years$2,354$1,503$928$559$330$57
40 years$2,269$1,430$870$515$299$49
41 years$2,189$1,361$816$475$271$42
42 years$2,113$1,296$765$439$246$36
43 years$2,041$1,235$718$405$223$31
44 years$1,972$1,177$674$374$203$27
45 years$1,907$1,123$633$345$184$23
46 years$1,844$1,071$595$319$167$20
47 years$1,785$1,022$559$295$152$17
48 years$1,727$976$525$272$138$14
49 years$1,673$932$493$252$125$12
50 years$1,621$890$464$233$114$11

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 $2,595 every year, while hoping to spend $49,457 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: 45/35/20 Blend
39$1,660,000$1,660,000$1,660,000$1,660,000
40$1,831,997$1,744,017$1,718,287$1,903,786
41$1,966,239$1,776,852$1,723,227$1,987,290
42$2,112,515$1,809,638$1,726,676$2,072,695
43$2,272,003$1,842,321$1,728,531$2,164,287
44$2,445,994$1,874,842$1,728,683$2,262,664
45$2,635,913$1,907,137$1,727,022$2,368,485
46$2,843,328$1,939,138$1,723,429$2,482,480
47$3,069,963$1,970,771$1,717,779$2,605,449
48$3,317,718$2,001,958$1,709,944$2,738,281
49$3,588,685$2,032,614$1,699,787$2,881,953
50$3,885,166$2,062,647$1,687,165$3,037,544
51$4,209,697$2,091,961$1,671,929$3,206,245
52$4,565,070$2,120,451$1,653,922$3,389,370
53$4,954,359$2,148,005$1,632,981$3,588,369
54$5,380,951$2,174,504$1,608,933$3,804,842
55$5,848,575$2,199,821$1,581,598$4,040,555
56$6,361,337$2,223,820$1,550,789$4,297,455
57$6,923,761$2,246,355$1,516,309$4,577,692
58$7,540,830$2,267,272$1,477,951$4,883,638
59$8,218,032$2,286,406$1,435,499$5,217,908
60$8,961,412$2,303,580$1,388,729$5,583,390
61$9,777,628$2,318,608$1,337,404$5,983,269
62$10,674,016$2,331,290$1,281,277$6,421,057
63$11,658,657$2,341,414$1,220,090$6,900,632
64$12,740,451$2,348,754$1,153,574$7,426,269
65$13,929,205$2,353,072$1,081,448$8,002,685
66$15,235,724$2,354,111$1,003,415$8,635,083
67$16,671,907$2,351,603$919,170$9,329,203
68$18,250,869$2,345,259$828,390$10,091,376
69$19,987,056$2,334,774$730,739$10,928,584
70$21,896,384$2,319,826$625,866$11,848,530
71$23,996,388$2,300,071$513,406$12,859,707
72$26,306,390$2,275,144$392,975$13,971,485
73$28,847,676$2,244,661$264,175$15,194,197
74$31,643,702$2,208,213$126,587$16,539,237
75$34,720,310$2,165,365$0$18,019,171
76$38,105,974$2,115,660$0$19,652,179
77$41,832,067$2,058,612$0$21,478,331
78$45,933,160$1,993,706$0$23,487,540
79$50,447,342$1,920,397$0$25,698,492
80$55,416,584$1,838,109$0$28,131,789
81$60,887,132$1,746,234$0$30,810,141
82$66,909,945$1,644,125$0$33,758,580
83$73,541,174$1,531,101$0$37,004,700
84$80,842,689$1,406,441$0$40,578,918
85$88,882,670$1,269,383$0$44,514,761
86$97,736,240$1,119,120$0$48,849,189
87$107,486,181$954,802$0$53,622,940
88$118,223,714$775,529$0$58,880,917
89$130,049,354$580,351$0$64,672,617
90$143,073,863$368,264$0$71,052,597
91$157,419,297$138,209$0$78,080,995
92$173,220,149$0$0$85,824,095
93$190,624,628$0$0$94,397,682
94$209,796,047$0$0$103,900,597
95$230,914,374$0$0$114,368,852
96$254,177,923$0$0$125,900,786
97$279,805,229$0$0$138,604,766
98$308,037,105$0$0$152,600,208
99$339,138,923$0$0$168,018,705
100$373,403,111$0$0$185,005,266