Can I retire at age 40 with 1,680,000?

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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$138,733$137,497$136,291$135,115$133,966$131,800
2 years$68,680$67,401$66,161$64,959$63,793$61,618
3 years$45,332$44,047$42,810$41,620$40,473$38,355
4 years$33,660$32,379$31,155$29,985$28,866$26,822
5 years$26,659$25,386$24,178$23,031$21,943$19,979
6 years$21,993$20,729$19,539$18,418$17,363$15,480
7 years$18,661$17,408$16,237$15,143$14,121$12,321
8 years$16,164$14,922$13,770$12,703$11,714$9,997
9 years$14,222$12,993$11,860$10,820$9,865$8,229
10 years$12,670$11,452$10,340$9,327$8,406$6,849
11 years$11,401$10,195$9,103$8,117$7,229$5,751
12 years$10,344$9,151$8,079$7,120$6,265$4,863
13 years$9,450$8,270$7,218$6,286$5,463$4,135
14 years$8,685$7,517$6,485$5,580$4,789$3,533
15 years$8,022$6,867$5,855$4,976$4,216$3,031
16 years$7,443$6,300$5,309$4,456$3,726$2,608
17 years$6,932$5,802$4,831$4,003$3,304$2,251
18 years$6,479$5,361$4,410$3,608$2,938$1,947
19 years$6,074$4,969$4,037$3,260$2,619$1,688
20 years$5,710$4,617$3,705$2,953$2,339$1,465
21 years$5,381$4,301$3,408$2,680$2,093$1,274
22 years$5,082$4,015$3,141$2,436$1,876$1,109
23 years$4,810$3,755$2,900$2,219$1,684$967
24 years$4,560$3,518$2,682$2,024$1,514$843
25 years$4,331$3,302$2,484$1,848$1,362$736
26 years$4,120$3,103$2,304$1,690$1,227$643
27 years$3,925$2,920$2,139$1,547$1,106$562
28 years$3,744$2,752$1,989$1,417$998$492
29 years$3,576$2,596$1,851$1,300$901$430
30 years$3,420$2,452$1,724$1,193$814$377
31 years$3,274$2,318$1,607$1,095$736$330
32 years$3,137$2,193$1,500$1,007$666$289
33 years$3,009$2,077$1,400$926$603$253
34 years$2,888$1,968$1,308$852$546$222
35 years$2,775$1,867$1,223$784$494$195
36 years$2,668$1,772$1,144$722$448$171
37 years$2,567$1,683$1,071$665$406$150
38 years$2,472$1,599$1,003$613$368$131
39 years$2,382$1,521$940$565$334$115
40 years$2,297$1,447$881$522$303$101
41 years$2,216$1,377$826$481$275$89
42 years$2,139$1,312$775$444$249$78
43 years$2,066$1,250$727$410$226$68
44 years$1,996$1,191$682$379$205$60
45 years$1,930$1,136$641$350$186$53
46 years$1,866$1,084$602$323$169$46
47 years$1,806$1,034$565$298$154$40
48 years$1,748$987$531$276$140$36
49 years$1,693$943$499$255$127$31
50 years$1,640$901$469$235$115$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,680,000, adding $4,283 every year, while hoping to spend $38,373 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: 69/11/20 Blend
39$1,680,000$1,680,000$1,680,000$1,680,000
40$1,855,778$1,766,738$1,740,698$1,974,398
41$2,004,239$1,812,479$1,758,183$2,099,909
42$2,166,556$1,859,176$1,774,967$2,232,295
43$2,344,104$1,906,835$1,790,987$2,376,219
44$2,538,393$1,955,460$1,806,176$2,532,816
45$2,751,088$2,005,056$1,820,461$2,703,337
46$2,984,021$2,055,627$1,833,770$2,889,161
47$3,239,213$2,107,174$1,846,022$3,091,808
48$3,518,884$2,159,697$1,857,136$3,312,950
49$3,825,484$2,213,196$1,867,024$3,554,431
50$4,161,709$2,267,668$1,875,594$3,818,283
51$4,530,529$2,323,109$1,882,752$4,106,744
52$4,935,215$2,379,514$1,888,396$4,422,278
53$5,379,369$2,436,872$1,892,420$4,767,604
54$5,866,962$2,495,176$1,894,713$5,145,715
55$6,402,364$2,554,412$1,895,158$5,559,910
56$6,990,392$2,614,564$1,893,632$6,013,824
57$7,636,350$2,675,617$1,890,008$6,511,463
58$8,346,084$2,737,548$1,884,149$7,057,240
59$9,126,032$2,800,335$1,875,916$7,656,019
60$9,983,287$2,863,952$1,865,159$8,313,161
61$10,925,664$2,928,366$1,851,723$9,034,573
62$11,961,771$2,993,546$1,835,445$9,826,762
63$13,101,095$3,059,453$1,816,156$10,696,902
64$14,354,086$3,126,045$1,793,676$11,652,898
65$15,732,256$3,193,275$1,767,818$12,703,461
66$17,248,293$3,261,092$1,738,386$13,858,190
67$18,916,173$3,329,440$1,705,176$15,127,665
68$20,751,296$3,398,256$1,667,973$16,523,545
69$22,770,631$3,467,473$1,626,553$18,058,676
70$24,992,872$3,537,016$1,580,679$19,747,220
71$27,438,621$3,606,806$1,530,108$21,604,779
72$30,130,576$3,676,755$1,474,582$23,648,550
73$33,093,746$3,746,767$1,413,831$25,897,485
74$36,355,689$3,816,740$1,347,576$28,372,467
75$39,946,772$3,886,563$1,275,523$31,096,513
76$43,900,454$3,956,115$1,197,364$34,094,988
77$48,253,603$4,025,268$1,112,778$37,395,845
78$53,046,845$4,093,881$1,021,431$41,029,891
79$58,324,947$4,161,804$922,972$45,031,074
80$64,137,235$4,228,876$817,036$49,436,809
81$70,538,066$4,294,924$703,239$54,288,327
82$77,587,335$4,359,761$581,184$59,631,070
83$85,351,042$4,423,189$450,453$65,515,113
84$93,901,916$4,484,993$310,611$71,995,643
85$103,320,099$4,544,945$161,204$79,133,479
86$113,693,903$4,602,801$1,758$86,995,646
87$125,120,642$4,658,299$0$95,656,007
88$137,707,552$4,711,161$0$105,231,900
89$151,572,802$4,761,087$0$115,779,834
90$166,846,609$4,807,761$0$127,398,408
91$183,672,465$4,850,844$0$140,196,694
92$202,208,495$4,889,974$0$154,294,882
93$222,628,945$4,924,766$0$169,825,422
94$245,125,830$4,954,812$0$186,934,268
95$269,910,742$4,979,675$0$205,782,262
96$297,216,850$4,998,891$0$226,546,645
97$327,301,100$5,011,969$0$249,422,737
98$360,446,640$5,018,383$0$274,625,775
99$396,965,492$5,017,578$0$302,392,951
100$437,201,495$5,008,962$0$332,985,643