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

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$139,559$138,316$137,103$135,919$134,763$131,934
2 years$69,088$67,802$66,555$65,346$64,173$61,336
3 years$45,601$44,309$43,065$41,868$40,714$37,958
4 years$33,860$32,572$31,341$30,163$29,037$26,383
5 years$26,817$25,537$24,322$23,168$22,074$19,529
6 years$22,124$20,853$19,655$18,528$17,466$15,034
7 years$18,772$17,512$16,334$15,233$14,205$11,885
8 years$16,260$15,011$13,852$12,778$11,784$9,576
9 years$14,307$13,070$11,931$10,884$9,924$7,826
10 years$12,745$11,520$10,402$9,382$8,456$6,466
11 years$11,469$10,256$9,157$8,166$7,272$5,389
12 years$10,405$9,205$8,127$7,162$6,302$4,521
13 years$9,507$8,319$7,261$6,323$5,495$3,815
14 years$8,737$7,562$6,524$5,613$4,817$3,233
15 years$8,070$6,908$5,890$5,006$4,241$2,750
16 years$7,487$6,338$5,340$4,482$3,749$2,347
17 years$6,974$5,837$4,860$4,027$3,324$2,008
18 years$6,518$5,393$4,436$3,629$2,955$1,722
19 years$6,110$4,999$4,061$3,279$2,634$1,479
20 years$5,744$4,645$3,727$2,970$2,353$1,273
21 years$5,413$4,327$3,428$2,696$2,106$1,097
22 years$5,112$4,039$3,160$2,451$1,887$946
23 years$4,838$3,777$2,917$2,232$1,694$817
24 years$4,587$3,539$2,698$2,036$1,523$706
25 years$4,357$3,321$2,499$1,859$1,370$610
26 years$4,145$3,121$2,318$1,700$1,234$528
27 years$3,949$2,938$2,152$1,556$1,113$457
28 years$3,767$2,768$2,001$1,426$1,004$396
29 years$3,598$2,611$1,862$1,307$907$343
30 years$3,440$2,466$1,734$1,200$819$298
31 years$3,293$2,331$1,617$1,102$741$258
32 years$3,156$2,206$1,508$1,013$670$224
33 years$3,027$2,089$1,408$931$606$194
34 years$2,905$1,980$1,316$857$549$168
35 years$2,791$1,878$1,230$789$497$146
36 years$2,684$1,782$1,151$726$451$127
37 years$2,583$1,693$1,077$669$408$110
38 years$2,487$1,609$1,009$617$370$96
39 years$2,396$1,530$945$569$336$83
40 years$2,310$1,456$886$525$304$72
41 years$2,229$1,386$831$484$276$63
42 years$2,152$1,320$779$447$251$54
43 years$2,078$1,257$731$412$227$47
44 years$2,008$1,198$686$381$206$41
45 years$1,941$1,143$644$352$187$36
46 years$1,878$1,090$605$325$170$31
47 years$1,817$1,040$569$300$155$27
48 years$1,759$993$534$277$140$23
49 years$1,703$948$502$256$127$20
50 years$1,650$906$472$237$116$18

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 $5,796 every year, while hoping to spend $49,684 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: 50/26/24 Blend
39$1,690,000$1,690,000$1,690,000$1,690,000
40$1,868,359$1,778,789$1,752,594$1,948,897
41$2,006,068$1,813,086$1,758,442$2,039,803
42$2,156,158$1,847,398$1,762,821$2,133,067
43$2,319,840$1,881,675$1,765,630$2,233,424
44$2,498,446$1,915,859$1,766,760$2,341,567
45$2,693,442$1,949,890$1,766,101$2,458,259
46$2,906,442$1,983,704$1,763,535$2,584,343
47$3,139,224$2,017,231$1,758,938$2,720,749
48$3,393,744$2,050,394$1,752,181$2,868,503
49$3,672,155$2,083,113$1,743,130$3,028,735
50$3,976,831$2,115,302$1,731,640$3,202,694
51$4,310,383$2,146,866$1,717,565$3,391,756
52$4,675,686$2,177,706$1,700,747$3,597,441
53$5,075,907$2,207,716$1,681,024$3,821,424
54$5,514,535$2,236,779$1,658,224$4,065,553
55$5,995,412$2,264,775$1,632,168$4,331,867
56$6,522,767$2,291,572$1,602,669$4,622,616
57$7,101,260$2,317,031$1,569,529$4,940,280
58$7,736,025$2,341,002$1,532,545$5,287,596
59$8,432,715$2,363,326$1,491,500$5,667,582
60$9,197,557$2,383,834$1,446,170$6,083,569
61$10,037,410$2,402,345$1,396,320$6,539,228
62$10,959,833$2,418,666$1,341,704$7,038,609
63$11,973,149$2,432,594$1,282,064$7,586,181
64$13,086,529$2,443,909$1,217,131$8,186,870
65$14,310,075$2,452,381$1,146,625$8,846,110
66$15,654,917$2,457,762$1,070,252$9,569,894
67$17,133,318$2,459,792$987,705$10,364,831
68$18,758,786$2,458,191$898,662$11,238,209
69$20,546,204$2,452,665$802,790$12,198,065
70$22,511,971$2,442,899$699,737$13,253,263
71$24,674,153$2,428,562$589,139$14,413,576
72$27,052,655$2,409,300$470,614$15,689,781
73$29,669,409$2,384,739$343,763$17,093,762
74$32,548,580$2,354,482$208,170$18,638,623
75$35,716,792$2,318,109$63,400$20,338,811
76$39,203,381$2,275,173$0$22,210,258
77$43,040,673$2,225,203$0$24,293,855
78$47,264,282$2,167,699$0$26,604,483
79$51,913,454$2,102,131$0$29,147,369
80$57,031,429$2,027,939$0$31,946,185
81$62,665,857$1,944,530$0$35,027,022
82$68,869,239$1,851,276$0$38,418,636
83$75,699,427$1,747,514$0$42,152,723
84$83,220,168$1,632,542$0$46,264,214
85$91,501,705$1,505,617$0$50,791,610
86$100,621,442$1,365,955$0$55,777,344
87$110,664,668$1,212,726$0$61,268,186
88$121,725,369$1,045,054$0$67,315,678
89$133,907,107$862,012$0$73,976,632
90$147,324,004$662,623$0$81,313,660
91$162,101,813$445,852$0$89,395,770
92$178,379,107$210,608$0$98,299,015
93$196,308,588$0$0$108,107,218
94$216,058,521$0$0$118,925,425
95$237,814,332$0$0$130,909,008
96$261,780,347$0$0$144,110,291
97$288,181,727$0$0$158,653,335
98$317,266,592$0$0$174,674,850
99$349,308,358$0$0$192,325,483
100$384,608,323$0$0$211,771,246