Can I retire at age 40 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$141,210$139,952$138,725$137,527$136,358$135,612
2 years$69,906$68,604$67,342$66,119$64,932$64,180
3 years$46,141$44,834$43,575$42,363$41,196$40,460
4 years$34,261$32,957$31,711$30,520$29,381$28,668
5 years$27,135$25,839$24,609$23,442$22,335$21,646
6 years$22,385$21,099$19,888$18,747$17,673$17,009
7 years$18,994$17,719$16,527$15,413$14,373$13,734
8 years$16,452$15,189$14,016$12,930$11,924$11,311
9 years$14,476$13,225$12,072$11,013$10,041$9,454
10 years$12,896$11,657$10,525$9,493$8,556$7,993
11 years$11,604$10,377$9,266$8,262$7,358$6,821
12 years$10,529$9,314$8,223$7,247$6,377$5,863
13 years$9,619$8,417$7,347$6,398$5,560$5,071
14 years$8,840$7,651$6,601$5,679$4,874$4,408
15 years$8,166$6,989$5,960$5,065$4,292$3,848
16 years$7,576$6,413$5,404$4,535$3,793$3,371
17 years$7,056$5,906$4,917$4,075$3,363$2,963
18 years$6,595$5,457$4,489$3,672$2,990$2,611
19 years$6,182$5,058$4,109$3,318$2,665$2,306
20 years$5,812$4,700$3,771$3,005$2,381$2,041
21 years$5,477$4,378$3,469$2,727$2,131$1,809
22 years$5,173$4,086$3,197$2,480$1,910$1,606
23 years$4,895$3,822$2,952$2,258$1,714$1,428
24 years$4,642$3,581$2,730$2,060$1,541$1,271
25 years$4,409$3,361$2,529$1,881$1,386$1,132
26 years$4,194$3,158$2,345$1,720$1,249$1,010
27 years$3,995$2,972$2,178$1,574$1,126$901
28 years$3,811$2,801$2,024$1,443$1,016$805
29 years$3,640$2,642$1,884$1,323$917$719
30 years$3,481$2,495$1,755$1,214$829$643
31 years$3,332$2,359$1,636$1,115$749$575
32 years$3,193$2,232$1,526$1,025$678$515
33 years$3,062$2,114$1,425$942$614$461
34 years$2,940$2,003$1,332$867$555$413
35 years$2,825$1,900$1,245$798$503$370
36 years$2,716$1,804$1,165$735$456$332
37 years$2,613$1,713$1,090$677$413$297
38 years$2,516$1,628$1,021$624$375$267
39 years$2,425$1,548$956$576$340$239
40 years$2,338$1,473$896$531$308$215
41 years$2,255$1,402$841$490$280$193
42 years$2,177$1,335$788$452$254$173
43 years$2,103$1,272$740$417$230$155
44 years$2,032$1,213$694$385$209$139
45 years$1,964$1,156$652$356$190$125
46 years$1,900$1,103$612$329$172$112
47 years$1,838$1,053$575$304$156$101
48 years$1,780$1,005$541$281$142$90
49 years$1,723$960$508$259$129$81
50 years$1,670$917$478$240$117$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $1,710,000, adding $3,045 every year, while hoping to spend $53,943 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: 69/13/18 Blend
39$1,710,000$1,710,000$1,710,000$1,710,000
40$1,887,561$1,796,931$1,770,426$2,009,403
41$2,022,697$1,827,586$1,772,340$2,121,706
42$2,169,809$1,857,934$1,772,511$2,237,887
43$2,330,062$1,887,905$1,770,822$2,363,668
44$2,504,737$1,917,421$1,767,153$2,499,989
45$2,695,245$1,946,399$1,761,377$2,647,888
46$2,903,137$1,974,751$1,753,361$2,808,510
47$3,130,124$2,002,380$1,742,965$2,983,115
48$3,378,085$2,029,185$1,730,043$3,173,091
49$3,649,092$2,055,058$1,714,442$3,379,972
50$3,945,425$2,079,881$1,696,001$3,605,444
51$4,269,594$2,103,530$1,674,553$3,851,368
52$4,624,362$2,125,873$1,649,920$4,119,795
53$5,012,774$2,146,768$1,621,919$4,412,987
54$5,438,181$2,166,064$1,590,357$4,733,435
55$5,904,274$2,183,599$1,555,033$5,083,886
56$6,415,117$2,199,202$1,515,733$5,467,369
57$6,975,187$2,212,692$1,472,239$5,887,222
58$7,589,415$2,223,872$1,424,317$6,347,124
59$8,263,231$2,232,538$1,371,728$6,851,132
60$9,002,616$2,238,468$1,314,217$7,403,718
61$9,814,160$2,241,430$1,251,520$8,009,810
62$10,705,120$2,241,175$1,183,361$8,674,841
63$11,683,489$2,237,440$1,109,451$9,404,802
64$12,758,076$2,229,945$1,029,488$10,206,295
65$13,938,581$2,218,394$943,157$11,086,597
66$15,235,691$2,202,470$850,128$12,053,731
67$16,661,181$2,181,841$750,057$13,116,541
68$18,228,022$2,156,151$642,584$14,284,774
69$19,950,503$2,125,026$527,334$15,569,176
70$21,844,369$2,088,067$403,915$16,981,591
71$23,926,966$2,044,853$271,916$18,535,074
72$26,217,403$1,994,937$130,912$20,244,018
73$28,736,736$1,937,847$0$22,124,285
74$31,508,163$1,873,082$0$24,197,118
75$34,557,245$1,800,113$0$26,505,109
76$37,912,144$1,718,378$0$29,044,425
77$41,603,889$1,627,285$0$31,838,579
78$45,666,670$1,526,206$0$34,913,482
79$50,138,159$1,414,479$0$38,297,689
80$55,059,866$1,291,403$0$42,022,665
81$60,477,526$1,156,235$0$46,123,087
82$66,441,536$1,008,194$0$50,637,168
83$73,007,427$846,450$0$55,607,017
84$80,236,389$670,129$0$61,079,043
85$88,195,843$478,309$0$67,104,387
86$96,960,086$270,012$0$73,739,405
87$106,610,981$44,210$0$81,046,207
88$117,238,739$0$0$89,093,235
89$128,942,761$0$0$97,984,554
90$141,832,581$0$0$107,783,796
91$156,028,900$0$0$118,576,413
92$171,664,719$0$0$130,463,534
93$188,886,599$0$0$143,556,601
94$207,856,042$0$0$157,978,412
95$228,751,012$0$0$173,864,288
96$251,767,620$0$0$191,363,344
97$277,121,967$0$0$210,639,897
98$305,052,191$0$0$231,875,020
99$335,820,706$0$0$255,268,246
100$369,716,686$0$0$281,039,454