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%16.2%
1 years$138,733$137,497$136,291$135,115$133,966$130,568
2 years$68,680$67,401$66,161$64,959$63,793$60,392
3 years$45,332$44,047$42,810$41,620$40,473$37,175
4 years$33,660$32,379$31,155$29,985$28,866$25,696
5 years$26,659$25,386$24,178$23,031$21,943$18,911
6 years$21,993$20,729$19,539$18,418$17,363$14,471
7 years$18,661$17,408$16,237$15,143$14,121$11,369
8 years$16,164$14,922$13,770$12,703$11,714$9,102
9 years$14,222$12,993$11,860$10,820$9,865$7,390
10 years$12,670$11,452$10,340$9,327$8,406$6,064
11 years$11,401$10,195$9,103$8,117$7,229$5,018
12 years$10,344$9,151$8,079$7,120$6,265$4,180
13 years$9,450$8,270$7,218$6,286$5,463$3,501
14 years$8,685$7,517$6,485$5,580$4,789$2,945
15 years$8,022$6,867$5,855$4,976$4,216$2,486
16 years$7,443$6,300$5,309$4,456$3,726$2,105
17 years$6,932$5,802$4,831$4,003$3,304$1,787
18 years$6,479$5,361$4,410$3,608$2,938$1,520
19 years$6,074$4,969$4,037$3,260$2,619$1,295
20 years$5,710$4,617$3,705$2,953$2,339$1,105
21 years$5,381$4,301$3,408$2,680$2,093$944
22 years$5,082$4,015$3,141$2,436$1,876$807
23 years$4,810$3,755$2,900$2,219$1,684$691
24 years$4,560$3,518$2,682$2,024$1,514$592
25 years$4,331$3,302$2,484$1,848$1,362$508
26 years$4,120$3,103$2,304$1,690$1,227$435
27 years$3,925$2,920$2,139$1,547$1,106$374
28 years$3,744$2,752$1,989$1,417$998$321
29 years$3,576$2,596$1,851$1,300$901$275
30 years$3,420$2,452$1,724$1,193$814$237
31 years$3,274$2,318$1,607$1,095$736$203
32 years$3,137$2,193$1,500$1,007$666$175
33 years$3,009$2,077$1,400$926$603$150
34 years$2,888$1,968$1,308$852$546$129
35 years$2,775$1,867$1,223$784$494$111
36 years$2,668$1,772$1,144$722$448$95
37 years$2,567$1,683$1,071$665$406$82
38 years$2,472$1,599$1,003$613$368$71
39 years$2,382$1,521$940$565$334$61
40 years$2,297$1,447$881$522$303$52
41 years$2,216$1,377$826$481$275$45
42 years$2,139$1,312$775$444$249$39
43 years$2,066$1,250$727$410$226$33
44 years$1,996$1,191$682$379$205$29
45 years$1,930$1,136$641$350$186$25
46 years$1,866$1,084$602$323$169$21
47 years$1,806$1,034$565$298$154$18
48 years$1,748$987$531$276$140$16
49 years$1,693$943$499$255$127$14
50 years$1,640$901$469$235$115$12

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 $2,136 every year, while hoping to spend $35,004 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: 51/22/27 Blend
39$1,680,000$1,680,000$1,680,000$1,680,000
40$1,853,563$1,764,523$1,738,483$1,933,913
41$2,005,383$1,813,741$1,759,478$2,039,290
42$2,171,515$1,864,197$1,780,004$2,150,115
43$2,353,382$1,915,915$1,800,007$2,269,932
44$2,552,551$1,968,920$1,819,431$2,399,612
45$2,770,748$2,023,234$1,838,219$2,540,113
46$3,009,873$2,078,881$1,856,308$2,692,491
47$3,272,019$2,135,885$1,873,633$2,857,911
48$3,559,491$2,194,269$1,890,126$3,037,653
49$3,874,827$2,254,056$1,905,713$3,233,130
50$4,220,823$2,315,269$1,920,318$3,445,897
51$4,600,561$2,377,931$1,933,863$3,677,669
52$5,017,432$2,442,063$1,946,261$3,930,334
53$5,475,173$2,507,687$1,957,424$4,205,973
54$5,977,902$2,574,826$1,967,259$4,506,877
55$6,530,154$2,643,498$1,975,668$4,835,574
56$7,136,924$2,713,724$1,982,547$5,194,848
57$7,803,717$2,785,522$1,987,789$5,587,765
58$8,536,596$2,858,912$1,991,279$6,017,707
59$9,342,240$2,933,911$1,992,899$6,488,399
60$10,228,010$3,010,534$1,992,523$7,003,944
61$11,202,014$3,088,797$1,990,019$7,568,869
62$12,273,184$3,168,713$1,985,250$8,188,157
63$13,451,364$3,250,295$1,978,071$8,867,303
64$14,747,397$3,333,553$1,968,330$9,612,363
65$16,173,231$3,418,497$1,955,869$10,430,008
66$17,742,031$3,505,134$1,940,520$11,327,594
67$19,468,301$3,593,468$1,922,110$12,313,223
68$21,368,023$3,683,503$1,900,456$13,395,830
69$23,458,806$3,775,239$1,875,366$14,585,256
70$25,760,053$3,868,675$1,846,640$15,892,351
71$28,293,143$3,963,805$1,814,067$17,329,070
72$31,081,634$4,060,621$1,777,429$18,908,591
73$34,151,482$4,159,114$1,736,494$20,645,435
74$37,531,290$4,259,267$1,691,024$22,555,607
75$41,252,574$4,361,063$1,640,765$24,656,746
76$45,350,061$4,464,480$1,585,455$26,968,290
77$49,862,018$4,569,490$1,524,819$29,511,664
78$54,830,611$4,676,063$1,458,568$32,310,478
79$60,302,306$4,784,162$1,386,401$35,390,754
80$66,328,300$4,893,745$1,308,005$38,781,171
81$72,965,013$5,004,765$1,223,050$42,513,334
82$80,274,615$5,117,169$1,131,193$46,622,076
83$88,325,612$5,230,897$1,032,074$51,145,786
84$97,193,495$5,345,881$925,319$56,126,770
85$106,961,450$5,462,048$810,536$61,611,655
86$117,721,145$5,579,314$687,315$67,651,827
87$129,573,591$5,697,590$555,230$74,303,917
88$142,630,101$5,816,776$413,833$81,630,338
89$157,013,335$5,936,762$262,661$89,699,872
90$172,858,460$6,057,428$101,225$98,588,322
91$190,314,426$6,178,645$0$108,379,230
92$209,545,369$6,300,270$0$119,185,135
93$230,732,162$6,422,149$0$131,119,481
94$254,074,123$6,544,115$0$144,265,058
95$279,790,894$6,665,987$0$158,745,265
96$308,124,513$6,787,568$0$174,696,087
97$339,341,702$6,908,648$0$192,267,376
98$373,736,382$7,028,998$0$211,624,268
99$411,632,447$7,148,372$0$232,948,740
100$453,386,822$7,266,508$0$256,441,328