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%12.5%
1 years$139,559$138,316$137,103$135,919$134,763$133,356
2 years$69,088$67,802$66,555$65,346$64,173$62,756
3 years$45,601$44,309$43,065$41,868$40,714$39,331
4 years$33,860$32,572$31,341$30,163$29,037$27,699
5 years$26,817$25,537$24,322$23,168$22,074$20,784
6 years$22,124$20,853$19,655$18,528$17,466$16,227
7 years$18,772$17,512$16,334$15,233$14,205$13,016
8 years$16,260$15,011$13,852$12,778$11,784$10,646
9 years$14,307$13,070$11,931$10,884$9,924$8,836
10 years$12,745$11,520$10,402$9,382$8,456$7,417
11 years$11,469$10,256$9,157$8,166$7,272$6,283
12 years$10,405$9,205$8,127$7,162$6,302$5,360
13 years$9,507$8,319$7,261$6,323$5,495$4,600
14 years$8,737$7,562$6,524$5,613$4,817$3,967
15 years$8,070$6,908$5,890$5,006$4,241$3,436
16 years$7,487$6,338$5,340$4,482$3,749$2,986
17 years$6,974$5,837$4,860$4,027$3,324$2,602
18 years$6,518$5,393$4,436$3,629$2,955$2,274
19 years$6,110$4,999$4,061$3,279$2,634$1,991
20 years$5,744$4,645$3,727$2,970$2,353$1,746
21 years$5,413$4,327$3,428$2,696$2,106$1,534
22 years$5,112$4,039$3,160$2,451$1,887$1,350
23 years$4,838$3,777$2,917$2,232$1,694$1,189
24 years$4,587$3,539$2,698$2,036$1,523$1,049
25 years$4,357$3,321$2,499$1,859$1,370$926
26 years$4,145$3,121$2,318$1,700$1,234$818
27 years$3,949$2,938$2,152$1,556$1,113$723
28 years$3,767$2,768$2,001$1,426$1,004$640
29 years$3,598$2,611$1,862$1,307$907$566
30 years$3,440$2,466$1,734$1,200$819$501
31 years$3,293$2,331$1,617$1,102$741$444
32 years$3,156$2,206$1,508$1,013$670$394
33 years$3,027$2,089$1,408$931$606$349
34 years$2,905$1,980$1,316$857$549$310
35 years$2,791$1,878$1,230$789$497$275
36 years$2,684$1,782$1,151$726$451$244
37 years$2,583$1,693$1,077$669$408$216
38 years$2,487$1,609$1,009$617$370$192
39 years$2,396$1,530$945$569$336$170
40 years$2,310$1,456$886$525$304$151
41 years$2,229$1,386$831$484$276$134
42 years$2,152$1,320$779$447$251$119
43 years$2,078$1,257$731$412$227$106
44 years$2,008$1,198$686$381$206$94
45 years$1,941$1,143$644$352$187$84
46 years$1,878$1,090$605$325$170$74
47 years$1,817$1,040$569$300$155$66
48 years$1,759$993$534$277$140$59
49 years$1,703$948$502$256$127$52
50 years$1,650$906$472$237$116$46

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 $2,742 every year, while hoping to spend $32,116 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: 72/23/5 Blend
39$1,690,000$1,690,000$1,690,000$1,690,000
40$1,865,208$1,775,638$1,749,443$1,998,497
41$2,021,288$1,828,473$1,773,879$2,139,544
42$2,192,212$1,882,821$1,798,056$2,289,617
43$2,379,460$1,938,721$1,821,933$2,453,003
44$2,584,662$1,996,216$1,845,465$2,631,005
45$2,809,613$2,055,346$1,868,603$2,825,054
46$3,056,290$2,116,155$1,891,298$3,036,728
47$3,326,872$2,178,686$1,913,497$3,267,761
48$3,623,756$2,242,985$1,935,142$3,520,064
49$3,949,586$2,309,098$1,956,176$3,795,744
50$4,307,270$2,377,070$1,976,534$4,097,116
51$4,700,015$2,446,950$1,996,152$4,426,732
52$5,131,352$2,518,787$2,014,959$4,787,403
53$5,605,172$2,592,629$2,032,882$5,182,223
54$6,125,760$2,668,528$2,049,843$5,614,602
55$6,697,837$2,746,535$2,065,762$6,088,293
56$7,326,603$2,826,703$2,080,553$6,607,432
57$8,017,791$2,909,085$2,094,125$7,176,573
58$8,777,711$2,993,735$2,106,383$7,800,734
59$9,613,319$3,080,710$2,117,229$8,485,441
60$10,532,278$3,170,066$2,126,557$9,236,784
61$11,543,031$3,261,859$2,134,257$10,061,468
62$12,654,879$3,356,149$2,140,214$10,966,883
63$13,878,071$3,452,995$2,144,305$11,961,168
64$15,223,899$3,552,456$2,146,404$13,053,291
65$16,704,805$3,654,595$2,146,377$14,253,133
66$18,334,498$3,759,472$2,144,083$15,571,577
67$20,128,081$3,867,152$2,139,374$17,020,616
68$22,102,200$3,977,696$2,132,098$18,613,464
69$24,275,192$4,091,171$2,122,090$20,364,678
70$26,667,264$4,207,640$2,109,183$22,290,299
71$29,300,681$4,327,171$2,093,197$24,407,999
72$32,199,977$4,449,829$2,073,946$26,737,252
73$35,392,187$4,575,683$2,051,235$29,299,513
74$38,907,098$4,704,799$2,024,859$32,118,424
75$42,777,534$4,837,247$1,994,604$35,220,034
76$47,039,665$4,973,095$1,960,246$38,633,046
77$51,733,347$5,112,412$1,921,550$42,389,090
78$56,902,496$5,255,268$1,878,270$46,523,014
79$62,595,508$5,401,733$1,830,149$51,073,221
80$68,865,709$5,551,878$1,776,918$56,082,026
81$75,771,863$5,705,771$1,718,296$61,596,057
82$83,378,722$5,863,483$1,653,989$67,666,693
83$91,757,642$6,025,084$1,583,688$74,350,552
84$100,987,253$6,190,644$1,507,073$81,710,022
85$111,154,199$6,360,232$1,423,806$89,813,850
86$122,353,960$6,533,916$1,333,536$98,737,793
87$134,691,751$6,711,765$1,235,897$108,565,329
88$148,283,513$6,893,846$1,130,503$119,388,449
89$163,257,012$7,080,224$1,016,955$131,308,521
90$179,753,037$7,270,966$894,833$144,437,249
91$197,926,737$7,466,133$763,701$158,897,726
92$217,949,080$7,665,789$623,100$174,825,598
93$240,008,467$7,869,994$472,555$192,370,339
94$264,312,511$8,078,804$311,566$211,696,667
95$291,089,999$8,292,277$139,615$232,986,096
96$320,593,044$8,510,464$0$256,438,651
97$353,099,474$8,733,416$0$282,277,094
98$388,915,447$8,961,180$0$310,750,085
99$428,378,344$9,193,800$0$342,117,868
100$471,859,953$9,431,313$0$376,675,446