Can I retire at age 40 with 1,690,000?

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$139,559$138,316$137,103$135,919$134,763$130,033
2 years$69,088$67,802$66,555$65,346$64,173$59,457
3 years$45,601$44,309$43,065$41,868$40,714$36,161
4 years$33,860$32,572$31,341$30,163$29,037$24,682
5 years$26,817$25,537$24,322$23,168$22,074$17,927
6 years$22,124$20,853$19,655$18,528$17,466$13,531
7 years$18,772$17,512$16,334$15,233$14,205$10,481
8 years$16,260$15,011$13,852$12,778$11,784$8,268
9 years$14,307$13,070$11,931$10,884$9,924$6,611
10 years$12,745$11,520$10,402$9,382$8,456$5,341
11 years$11,469$10,256$9,157$8,166$7,272$4,349
12 years$10,405$9,205$8,127$7,162$6,302$3,564
13 years$9,507$8,319$7,261$6,323$5,495$2,934
14 years$8,737$7,562$6,524$5,613$4,817$2,426
15 years$8,070$6,908$5,890$5,006$4,241$2,012
16 years$7,487$6,338$5,340$4,482$3,749$1,673
17 years$6,974$5,837$4,860$4,027$3,324$1,395
18 years$6,518$5,393$4,436$3,629$2,955$1,164
19 years$6,110$4,999$4,061$3,279$2,634$974
20 years$5,744$4,645$3,727$2,970$2,353$815
21 years$5,413$4,327$3,428$2,696$2,106$683
22 years$5,112$4,039$3,160$2,451$1,887$573
23 years$4,838$3,777$2,917$2,232$1,694$481
24 years$4,587$3,539$2,698$2,036$1,523$404
25 years$4,357$3,321$2,499$1,859$1,370$339
26 years$4,145$3,121$2,318$1,700$1,234$285
27 years$3,949$2,938$2,152$1,556$1,113$240
28 years$3,767$2,768$2,001$1,426$1,004$202
29 years$3,598$2,611$1,862$1,307$907$170
30 years$3,440$2,466$1,734$1,200$819$143
31 years$3,293$2,331$1,617$1,102$741$120
32 years$3,156$2,206$1,508$1,013$670$101
33 years$3,027$2,089$1,408$931$606$85
34 years$2,905$1,980$1,316$857$549$72
35 years$2,791$1,878$1,230$789$497$60
36 years$2,684$1,782$1,151$726$451$51
37 years$2,583$1,693$1,077$669$408$43
38 years$2,487$1,609$1,009$617$370$36
39 years$2,396$1,530$945$569$336$30
40 years$2,310$1,456$886$525$304$26
41 years$2,229$1,386$831$484$276$22
42 years$2,152$1,320$779$447$251$18
43 years$2,078$1,257$731$412$227$15
44 years$2,008$1,198$686$381$206$13
45 years$1,941$1,143$644$352$187$11
46 years$1,878$1,090$605$325$170$9
47 years$1,817$1,040$569$300$155$8
48 years$1,759$993$534$277$140$6
49 years$1,703$948$502$256$127$5
50 years$1,650$906$472$237$116$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,690,000, adding $6,936 every year, while hoping to spend $23,144 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: 83/5/12 Blend
39$1,690,000$1,690,000$1,690,000$1,690,000
40$1,869,534$1,779,964$1,753,769$2,020,198
41$2,035,602$1,842,558$1,787,896$2,182,505
42$2,217,833$1,907,442$1,822,390$2,356,936
43$2,417,851$1,974,706$1,857,239$2,547,807
44$2,637,445$2,044,441$1,892,430$2,756,759
45$2,878,587$2,116,741$1,927,949$2,985,596
46$3,143,448$2,191,705$1,963,780$3,236,309
47$3,434,418$2,269,437$1,999,905$3,511,088
48$3,754,133$2,350,044$2,036,306$3,812,346
49$4,105,495$2,433,637$2,072,962$4,142,741
50$4,491,701$2,520,331$2,109,853$4,505,201
51$4,916,276$2,610,248$2,146,954$4,902,954
52$5,383,099$2,703,514$2,184,240$5,339,550
53$5,896,447$2,800,258$2,221,684$5,818,907
54$6,461,031$2,900,617$2,259,257$6,345,336
55$7,082,042$3,004,733$2,296,928$6,923,588
56$7,765,199$3,112,753$2,334,664$7,558,899
57$8,516,802$3,224,832$2,372,428$8,257,035
58$9,343,795$3,341,127$2,410,183$9,024,351
59$10,253,827$3,461,807$2,447,889$9,867,847
60$11,255,327$3,587,045$2,485,503$10,795,235
61$12,357,581$3,717,022$2,522,978$11,815,016
62$13,570,823$3,851,924$2,560,267$12,936,551
63$14,906,328$3,991,949$2,597,317$14,170,159
64$16,376,520$4,137,301$2,634,073$15,527,206
65$17,995,088$4,288,192$2,670,477$17,020,219
66$19,777,117$4,444,844$2,706,469$18,662,999
67$21,739,229$4,607,487$2,741,981$20,470,753
68$23,899,739$4,776,362$2,776,946$22,460,237
69$26,278,829$4,951,721$2,811,291$24,649,916
70$28,898,738$5,133,823$2,844,937$27,060,134
71$31,783,970$5,322,942$2,877,804$29,713,310
72$34,961,530$5,519,360$2,909,805$32,634,147
73$38,461,172$5,723,375$2,940,849$35,849,864
74$42,315,684$5,935,293$2,970,840$39,390,458
75$46,561,198$6,155,437$2,999,678$43,288,980
76$51,237,528$6,384,141$3,027,255$47,581,851
77$56,388,547$6,621,755$3,053,459$52,309,204
78$62,062,601$6,868,643$3,078,172$57,515,264
79$68,312,965$7,125,185$3,101,269$63,248,764
80$75,198,345$7,391,777$3,122,619$69,563,406
81$82,783,434$7,668,831$3,142,084$76,518,366
82$91,139,519$7,956,780$3,159,520$84,178,853
83$100,345,160$8,256,071$3,174,773$92,616,725
84$110,486,921$8,567,174$3,187,683$101,911,168
85$121,660,199$8,890,577$3,198,082$112,149,439
86$133,970,115$9,226,791$3,205,794$123,427,694
87$147,532,511$9,576,348$3,210,632$135,851,894
88$162,475,040$9,939,802$3,212,401$149,538,805
89$178,938,376$10,317,734$3,210,898$164,617,099
90$197,077,534$10,710,747$3,205,907$181,228,570
91$217,063,341$11,119,472$3,197,203$199,529,469
92$239,084,042$11,544,567$3,184,551$219,691,984
93$263,347,083$11,986,719$3,167,702$241,905,863
94$290,081,063$12,446,646$3,146,397$266,380,200
95$319,537,896$12,925,095$3,120,365$293,345,418
96$351,995,184$13,422,848$3,089,321$323,055,436
97$387,758,846$13,940,721$3,052,966$355,790,070
98$427,165,996$14,479,564$3,010,988$391,857,671
99$470,588,131$15,040,266$2,963,059$431,598,040
100$518,434,637$15,623,756$2,908,838$475,385,632