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

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$141,210$139,952$138,725$137,527$136,358$133,714
2 years$69,906$68,604$67,342$66,119$64,932$62,279
3 years$46,141$44,834$43,575$42,363$41,196$38,617
4 years$34,261$32,957$31,711$30,520$29,381$26,896
5 years$27,135$25,839$24,609$23,442$22,335$19,950
6 years$22,385$21,099$19,888$18,747$17,673$15,391
7 years$18,994$17,719$16,527$15,413$14,373$12,195
8 years$16,452$15,189$14,016$12,930$11,924$9,849
9 years$14,476$13,225$12,072$11,013$10,041$8,068
10 years$12,896$11,657$10,525$9,493$8,556$6,683
11 years$11,604$10,377$9,266$8,262$7,358$5,583
12 years$10,529$9,314$8,223$7,247$6,377$4,697
13 years$9,619$8,417$7,347$6,398$5,560$3,973
14 years$8,840$7,651$6,601$5,679$4,874$3,376
15 years$8,166$6,989$5,960$5,065$4,292$2,880
16 years$7,576$6,413$5,404$4,535$3,793$2,465
17 years$7,056$5,906$4,917$4,075$3,363$2,115
18 years$6,595$5,457$4,489$3,672$2,990$1,819
19 years$6,182$5,058$4,109$3,318$2,665$1,567
20 years$5,812$4,700$3,771$3,005$2,381$1,352
21 years$5,477$4,378$3,469$2,727$2,131$1,169
22 years$5,173$4,086$3,197$2,480$1,910$1,011
23 years$4,895$3,822$2,952$2,258$1,714$876
24 years$4,642$3,581$2,730$2,060$1,541$759
25 years$4,409$3,361$2,529$1,881$1,386$659
26 years$4,194$3,158$2,345$1,720$1,249$572
27 years$3,995$2,972$2,178$1,574$1,126$497
28 years$3,811$2,801$2,024$1,443$1,016$432
29 years$3,640$2,642$1,884$1,323$917$375
30 years$3,481$2,495$1,755$1,214$829$326
31 years$3,332$2,359$1,636$1,115$749$284
32 years$3,193$2,232$1,526$1,025$678$247
33 years$3,062$2,114$1,425$942$614$215
34 years$2,940$2,003$1,332$867$555$187
35 years$2,825$1,900$1,245$798$503$163
36 years$2,716$1,804$1,165$735$456$142
37 years$2,613$1,713$1,090$677$413$124
38 years$2,516$1,628$1,021$624$375$108
39 years$2,425$1,548$956$576$340$94
40 years$2,338$1,473$896$531$308$82
41 years$2,255$1,402$841$490$280$71
42 years$2,177$1,335$788$452$254$62
43 years$2,103$1,272$740$417$230$54
44 years$2,032$1,213$694$385$209$47
45 years$1,964$1,156$652$356$190$41
46 years$1,900$1,103$612$329$172$36
47 years$1,838$1,053$575$304$156$31
48 years$1,780$1,005$541$281$142$27
49 years$1,723$960$508$259$129$24
50 years$1,670$917$478$240$117$21

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 $4,110 every year, while hoping to spend $30,111 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: 55/39/6 Blend
39$1,710,000$1,710,000$1,710,000$1,710,000
40$1,888,659$1,798,029$1,771,524$1,989,833
41$2,049,265$1,854,095$1,798,833$2,114,608
42$2,225,243$1,911,899$1,826,046$2,246,682
43$2,418,130$1,971,494$1,853,131$2,389,731
44$2,629,617$2,032,935$1,880,049$2,544,802
45$2,861,568$2,096,279$1,906,761$2,713,044
46$3,116,037$2,161,585$1,933,226$2,895,724
47$3,395,282$2,228,912$1,959,399$3,094,233
48$3,701,795$2,298,323$1,985,232$3,310,103
49$4,038,318$2,369,881$2,010,678$3,545,019
50$4,407,873$2,443,652$2,035,682$3,800,838
51$4,813,789$2,519,704$2,060,190$4,079,599
52$5,259,732$2,598,106$2,084,143$4,383,552
53$5,749,741$2,678,930$2,107,479$4,715,169
54$6,288,268$2,762,250$2,130,132$5,077,175
55$6,880,213$2,848,143$2,152,034$5,472,568
56$7,530,979$2,936,686$2,173,112$5,904,648
57$8,246,517$3,027,961$2,193,288$6,377,053
58$9,033,382$3,122,051$2,212,484$6,893,783
59$9,898,797$3,219,042$2,230,612$7,459,247
60$10,850,720$3,319,021$2,247,584$8,078,299
61$11,897,921$3,422,081$2,263,305$8,756,285
62$13,050,059$3,528,313$2,277,676$9,499,093
63$14,317,780$3,637,816$2,290,593$10,313,208
64$15,712,812$3,750,687$2,301,947$11,205,771
65$17,248,078$3,867,029$2,311,621$12,184,652
66$18,937,816$3,986,948$2,319,494$13,258,515
67$20,797,717$4,110,552$2,325,441$14,436,906
68$22,845,066$4,237,952$2,329,326$15,730,340
69$25,098,914$4,369,262$2,331,009$17,150,403
70$27,580,250$4,504,602$2,330,344$18,709,853
71$30,312,201$4,644,093$2,327,176$20,422,751
72$33,320,252$4,787,861$2,321,343$22,304,583
73$36,632,485$4,936,033$2,312,675$24,372,413
74$40,279,843$5,088,743$2,300,994$26,645,038
75$44,296,423$5,246,127$2,286,114$29,143,168
76$48,719,797$5,408,327$2,267,838$31,889,623
77$53,591,368$5,575,486$2,245,961$34,909,543
78$58,956,756$5,747,754$2,220,270$38,230,626
79$64,866,234$5,925,283$2,190,539$41,883,392
80$71,375,200$6,108,232$2,156,532$45,901,467
81$78,544,698$6,296,763$2,118,003$50,321,901
82$86,441,995$6,491,042$2,074,694$55,185,519
83$95,141,217$6,691,242$2,026,335$60,537,300
84$104,724,048$6,897,538$1,972,643$66,426,809
85$115,280,497$7,110,114$1,913,323$72,908,657
86$126,909,754$7,329,156$1,848,065$80,043,020
87$139,721,120$7,554,856$1,776,547$87,896,205
88$153,835,043$7,787,413$1,698,430$96,541,276
89$169,384,251$8,027,029$1,613,361$106,058,740
90$186,515,006$8,273,915$1,520,969$116,537,310
91$205,388,485$8,528,285$1,420,870$128,074,740
92$226,182,300$8,790,362$1,312,660$140,778,747
93$249,092,177$9,060,372$1,195,916$154,768,027
94$274,333,799$9,338,549$1,070,199$170,173,374
95$302,144,844$9,625,136$935,048$187,138,917
96$332,787,229$9,920,379$789,983$205,823,473
97$366,549,581$10,224,532$634,503$226,402,055
98$403,749,962$10,537,858$468,082$249,067,513
99$444,738,870$10,860,624$290,174$274,032,362
100$489,902,548$11,193,109$100,209$301,530,781