Can I retire at age 40 with 1,670,000?

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 $1,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$137,907$136,679$135,480$134,310$133,168$130,586
2 years$68,271$66,999$65,767$64,572$63,413$60,823
3 years$45,062$43,785$42,556$41,372$40,232$37,713
4 years$33,460$32,186$30,970$29,806$28,694$26,266
5 years$26,500$25,235$24,034$22,894$21,813$19,483
6 years$21,862$20,606$19,423$18,309$17,260$15,031
7 years$18,550$17,305$16,140$15,052$14,037$11,910
8 years$16,068$14,833$13,688$12,627$11,645$9,618
9 years$14,138$12,915$11,790$10,756$9,807$7,880
10 years$12,595$11,384$10,279$9,271$8,356$6,527
11 years$11,333$10,135$9,049$8,069$7,186$5,453
12 years$10,282$9,096$8,031$7,077$6,227$4,587
13 years$9,394$8,220$7,175$6,248$5,430$3,880
14 years$8,633$7,472$6,447$5,547$4,760$3,297
15 years$7,975$6,826$5,821$4,947$4,191$2,813
16 years$7,399$6,263$5,277$4,429$3,704$2,407
17 years$6,891$5,768$4,802$3,980$3,284$2,065
18 years$6,441$5,330$4,384$3,586$2,920$1,776
19 years$6,038$4,939$4,013$3,241$2,603$1,530
20 years$5,676$4,590$3,683$2,935$2,325$1,321
21 years$5,349$4,275$3,388$2,664$2,081$1,141
22 years$5,052$3,991$3,122$2,422$1,865$988
23 years$4,781$3,733$2,883$2,206$1,674$855
24 years$4,533$3,497$2,666$2,012$1,505$742
25 years$4,306$3,282$2,469$1,837$1,354$643
26 years$4,096$3,084$2,290$1,680$1,220$558
27 years$3,902$2,903$2,127$1,538$1,100$485
28 years$3,722$2,735$1,977$1,409$992$422
29 years$3,555$2,580$1,840$1,292$896$367
30 years$3,399$2,437$1,714$1,186$810$319
31 years$3,254$2,304$1,598$1,089$732$277
32 years$3,118$2,180$1,491$1,001$662$241
33 years$2,991$2,064$1,392$920$599$210
34 years$2,871$1,957$1,300$847$542$183
35 years$2,758$1,856$1,216$779$491$159
36 years$2,652$1,761$1,137$718$445$139
37 years$2,552$1,673$1,065$661$403$121
38 years$2,458$1,590$997$610$366$105
39 years$2,368$1,512$934$562$332$92
40 years$2,283$1,438$875$518$301$80
41 years$2,203$1,369$821$478$273$70
42 years$2,126$1,304$770$441$248$61
43 years$2,053$1,242$723$408$225$53
44 years$1,984$1,184$678$376$204$46
45 years$1,918$1,129$637$347$185$40
46 years$1,855$1,077$598$321$168$35
47 years$1,795$1,028$562$297$153$31
48 years$1,738$981$528$274$139$27
49 years$1,683$937$496$253$126$23
50 years$1,631$895$467$234$114$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,670,000, adding $3,160 every year, while hoping to spend $48,232 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: 45/40/15 Blend
39$1,670,000$1,670,000$1,670,000$1,670,000
40$1,843,600$1,755,090$1,729,205$1,918,517
41$1,980,328$1,789,770$1,735,814$2,005,746
42$2,129,387$1,824,534$1,741,029$2,095,174
43$2,291,982$1,859,334$1,744,751$2,191,101
44$2,469,441$1,894,119$1,746,878$2,294,150
45$2,663,228$1,928,834$1,747,302$2,405,006
46$2,874,950$1,963,420$1,745,910$2,524,425
47$3,106,381$1,997,814$1,742,583$2,653,240
48$3,359,470$2,031,945$1,737,198$2,792,371
49$3,636,366$2,065,740$1,729,625$2,942,832
50$3,939,434$2,099,120$1,719,725$3,105,741
51$4,271,278$2,131,998$1,707,357$3,282,331
52$4,634,765$2,164,283$1,692,371$3,473,963
53$5,033,054$2,195,876$1,674,608$3,682,138
54$5,469,623$2,226,672$1,653,906$3,908,511
55$5,948,303$2,256,557$1,630,090$4,154,907
56$6,473,313$2,285,411$1,602,981$4,423,340
57$7,049,300$2,313,105$1,572,390$4,716,031
58$7,681,383$2,339,501$1,538,119$5,035,431
59$8,375,199$2,364,452$1,499,961$5,384,242
60$9,136,959$2,387,800$1,457,699$5,765,443
61$9,973,505$2,409,378$1,411,108$6,182,323
62$10,892,372$2,429,008$1,359,950$6,638,507
63$11,901,863$2,446,498$1,303,978$7,137,994
64$13,011,125$2,461,648$1,242,932$7,685,196
65$14,230,232$2,474,241$1,176,543$8,284,976
66$15,570,285$2,484,048$1,104,526$8,942,699
67$17,043,513$2,490,826$1,026,587$9,664,282
68$18,663,390$2,494,315$942,417$10,456,249
69$20,444,760$2,494,240$851,692$11,325,798
70$22,403,977$2,490,310$754,075$12,280,863
71$24,559,061$2,482,213$649,214$13,330,196
72$26,929,864$2,469,621$536,742$14,483,447
73$29,538,262$2,452,183$416,274$15,751,257
74$32,408,354$2,429,530$287,410$17,145,361
75$35,566,698$2,401,269$149,729$18,678,699
76$39,042,553$2,366,982$2,797$20,365,537
77$42,868,158$2,326,229$0$22,221,609
78$47,079,038$2,278,543$0$24,288,910
79$51,714,335$2,223,426$0$26,563,997
80$56,817,179$2,160,356$0$29,067,589
81$62,435,095$2,088,777$0$31,823,021
82$68,620,449$2,008,101$0$34,856,014
83$75,430,943$1,917,707$0$38,194,922
84$82,930,161$1,816,937$0$41,870,998
85$91,188,166$1,705,095$0$45,918,695
86$100,282,159$1,581,444$0$50,375,988
87$110,297,212$1,445,209$0$55,284,737
88$121,327,069$1,295,565$0$60,691,084
89$133,475,027$1,131,644$0$66,645,888
90$146,854,913$952,528$0$73,205,211
91$161,592,159$757,247$0$80,430,847
92$177,824,982$544,775$0$88,390,907
93$195,705,691$314,030$0$97,160,466
94$215,402,124$63,870$0$106,822,274
95$237,099,228$0$0$117,467,540
96$261,000,808$0$0$129,287,872
97$287,331,449$0$0$142,340,750
98$316,338,636$0$0$156,720,786
99$348,295,085$0$0$172,563,216
100$383,501,325$0$0$190,017,066