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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.7%
1 years$138,733$137,497$136,291$135,115$133,966$128,752
2 years$68,680$67,401$66,161$64,959$63,793$58,604
3 years$45,332$44,047$42,810$41,620$40,473$35,471
4 years$33,660$32,379$31,155$29,985$28,866$24,089
5 years$26,659$25,386$24,178$23,031$21,943$17,404
6 years$21,993$20,729$19,539$18,418$17,363$13,064
7 years$18,661$17,408$16,237$15,143$14,121$10,061
8 years$16,164$14,922$13,770$12,703$11,714$7,890
9 years$14,222$12,993$11,860$10,820$9,865$6,271
10 years$12,670$11,452$10,340$9,327$8,406$5,034
11 years$11,401$10,195$9,103$8,117$7,229$4,072
12 years$10,344$9,151$8,079$7,120$6,265$3,315
13 years$9,450$8,270$7,218$6,286$5,463$2,711
14 years$8,685$7,517$6,485$5,580$4,789$2,226
15 years$8,022$6,867$5,855$4,976$4,216$1,833
16 years$7,443$6,300$5,309$4,456$3,726$1,513
17 years$6,932$5,802$4,831$4,003$3,304$1,252
18 years$6,479$5,361$4,410$3,608$2,938$1,037
19 years$6,074$4,969$4,037$3,260$2,619$861
20 years$5,710$4,617$3,705$2,953$2,339$715
21 years$5,381$4,301$3,408$2,680$2,093$595
22 years$5,082$4,015$3,141$2,436$1,876$495
23 years$4,810$3,755$2,900$2,219$1,684$412
24 years$4,560$3,518$2,682$2,024$1,514$343
25 years$4,331$3,302$2,484$1,848$1,362$286
26 years$4,120$3,103$2,304$1,690$1,227$239
27 years$3,925$2,920$2,139$1,547$1,106$199
28 years$3,744$2,752$1,989$1,417$998$166
29 years$3,576$2,596$1,851$1,300$901$139
30 years$3,420$2,452$1,724$1,193$814$116
31 years$3,274$2,318$1,607$1,095$736$97
32 years$3,137$2,193$1,500$1,007$666$81
33 years$3,009$2,077$1,400$926$603$67
34 years$2,888$1,968$1,308$852$546$56
35 years$2,775$1,867$1,223$784$494$47
36 years$2,668$1,772$1,144$722$448$39
37 years$2,567$1,683$1,071$665$406$33
38 years$2,472$1,599$1,003$613$368$27
39 years$2,382$1,521$940$565$334$23
40 years$2,297$1,447$881$522$303$19
41 years$2,216$1,377$826$481$275$16
42 years$2,139$1,312$775$444$249$13
43 years$2,066$1,250$727$410$226$11
44 years$1,996$1,191$682$379$205$9
45 years$1,930$1,136$641$350$186$8
46 years$1,866$1,084$602$323$169$6
47 years$1,806$1,034$565$298$154$5
48 years$1,748$987$531$276$140$5
49 years$1,693$943$499$255$127$4
50 years$1,640$901$469$235$115$3

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 $3,819 every year, while hoping to spend $50,681 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: 71/6/23 Blend
39$1,680,000$1,680,000$1,680,000$1,680,000
40$1,855,299$1,766,259$1,740,219$1,976,123
41$1,990,616$1,798,882$1,744,592$2,089,897
42$2,138,036$1,831,404$1,747,413$2,208,100
43$2,298,740$1,863,768$1,748,577$2,336,297
44$2,474,030$1,895,911$1,747,972$2,475,477
45$2,665,334$1,927,764$1,745,483$2,626,725
46$2,874,229$1,959,255$1,740,987$2,791,241
47$3,102,447$1,990,305$1,734,357$2,970,347
48$3,351,898$2,020,831$1,725,459$3,165,498
49$3,624,682$2,050,742$1,714,152$3,378,301
50$3,923,113$2,079,942$1,700,290$3,610,523
51$4,249,739$2,108,328$1,683,718$3,864,115
52$4,607,364$2,135,787$1,664,274$4,141,227
53$4,999,078$2,162,204$1,641,790$4,444,228
54$5,428,282$2,187,450$1,616,088$4,775,730
55$5,898,722$2,211,391$1,586,983$5,138,612
56$6,414,526$2,233,883$1,554,281$5,536,047
57$6,980,236$2,254,772$1,517,778$5,971,533
58$7,600,860$2,273,895$1,477,263$6,448,925
59$8,281,909$2,291,077$1,432,512$6,972,475
60$9,029,456$2,306,132$1,383,294$7,546,865
61$9,850,191$2,318,863$1,329,365$8,177,261
62$10,751,483$2,329,060$1,270,471$8,869,355
63$11,741,448$2,336,498$1,206,346$9,629,419
64$12,829,029$2,340,940$1,136,712$10,464,371
65$14,024,077$2,342,133$1,061,279$11,381,833
66$15,337,445$2,339,809$979,743$12,390,207
67$16,781,087$2,333,683$891,788$13,498,755
68$18,368,177$2,323,452$797,081$14,717,686
69$20,113,225$2,308,796$695,278$16,058,251
70$22,032,221$2,289,373$586,016$17,532,853
71$24,142,778$2,264,823$468,919$19,155,162
72$26,464,305$2,234,764$343,592$20,940,247
73$29,018,186$2,198,789$209,623$22,904,714
74$31,827,980$2,156,468$66,585$25,066,868
75$34,919,646$2,107,347$0$27,446,887
76$38,321,786$2,050,943$0$30,088,127
77$42,065,915$1,986,746$0$33,012,790
78$46,186,757$1,914,215$0$36,231,652
79$50,722,573$1,832,779$0$39,774,613
80$55,715,524$1,741,833$0$43,674,619
81$61,212,061$1,640,737$0$47,967,977
82$67,263,372$1,528,814$0$52,694,691
83$73,925,859$1,405,349$0$57,898,846
84$81,261,671$1,269,585$0$63,629,021
85$89,339,290$1,120,723$0$69,938,745
86$98,234,177$957,919$0$76,887,008
87$108,029,484$780,278$0$84,538,811
88$118,816,839$586,859$0$92,965,785
89$130,697,207$376,665$0$102,246,865
90$143,781,845$148,645$0$112,469,032
91$158,193,353$0$0$123,728,139
92$174,066,825$0$0$136,136,305
93$191,551,131$0$0$149,814,578
94$210,810,315$0$0$164,881,495
95$232,025,146$0$0$181,478,491
96$255,394,824$0$0$199,761,422
97$281,138,857$0$0$219,902,033
98$309,499,135$0$0$242,089,583
99$340,742,211$0$0$266,532,625
100$375,161,816$0$0$293,460,980